<SEC-DOCUMENT>0000721748-15-000426.txt : 20150528
<SEC-HEADER>0000721748-15-000426.hdr.sgml : 20150528
<ACCEPTANCE-DATETIME>20150528163315
ACCESSION NUMBER:		0000721748-15-000426
CONFORMED SUBMISSION TYPE:	POS AM
PUBLIC DOCUMENT COUNT:		13
FILED AS OF DATE:		20150528
DATE AS OF CHANGE:		20150528

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Safety Quick Lighting & Fans Corp.
		CENTRAL INDEX KEY:			0001598981
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC LIGHTING & WIRING EQUIPMENT [3640]
		IRS NUMBER:				463645414
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		POS AM
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-197821
		FILM NUMBER:		15895883

	BUSINESS ADDRESS:	
		STREET 1:		4400 NORTH POINT PARKWAY
		STREET 2:		SUITE 154
		CITY:			ALPHARETTA
		STATE:			GA
		ZIP:			30022
		BUSINESS PHONE:		770-754-4711

	MAIL ADDRESS:	
		STREET 1:		4400 NORTH POINT PARKWAY
		STREET 2:		SUITE 154
		CITY:			ALPHARETTA
		STATE:			GA
		ZIP:			30022
</SEC-HEADER>
<DOCUMENT>
<TYPE>POS AM
<SEQUENCE>1
<FILENAME>sfql043015posam.htm
<TEXT>
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<P STYLE="margin: 0; text-align: center"><B>As filed with the Securities and Exchange Commission on May 28, 2015</B></P>

<P STYLE="margin: 0; text-align: center">&nbsp; <B>&nbsp;</B> <B>Registration No.&nbsp;&nbsp;333-197821</B></P>


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

<P STYLE="margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

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

<P STYLE="margin: 0; text-align: center"><B>POST-EFFECTIVE AMENDMENT NO. 1</B></P>

<P STYLE="margin: 0; text-align: center"><B>TO</B></P>

<P STYLE="margin: 0; text-align: center"><B>FORM S-1</B></P>

<P STYLE="margin: 0; text-align: center">&nbsp;<B>REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933</B></P>

<P STYLE="margin: 0; text-align: center">&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: 100%; font-size: 10pt; text-align: center; border-bottom: Black 1pt solid"><B>SAFETY QUICK LIGHTING &amp;
    FANS CORP.</B></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;(Exact name of registrant as specified in its charter)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;&nbsp;</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: 32%; border-bottom: Black 1pt solid; text-align: center"><B>Florida</B></TD>
    <TD STYLE="width: 5%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 29%; border-bottom: Black 1pt solid; text-align: center"><B>3640</B></TD>
    <TD STYLE="width: 5%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 29%; border-bottom: Black 1pt solid; text-align: center"><B>46-3645414</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(State or other jurisdiction of</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">(Primary Standard Industrial</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">(I.R.S. Employer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">incorporation or organization)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Classification Code Number)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Identification No.)</TD></TR>
</TABLE>
<P STYLE="margin: 0; text-align: center">&nbsp;</P>

<P STYLE="margin: 0; text-align: center"><B>One Buckhead Plaza</B></P>

<P STYLE="margin: 0; text-align: center"><B>4400 North Point Parkway, Suite 154</B></P>

<P STYLE="margin: 0; text-align: center"><B>Alpharetta, GA 30022</B></P>

<P STYLE="margin: 0; text-align: center"><B>(770) 754-4711</B></P>

<P STYLE="margin: 0; text-align: center">(Address, including zip code, and telephone number, including area code, of registrant&rsquo;s
principal executive offices)</P>

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

<P STYLE="margin: 0; text-align: center"><B>Mr. John P. Campi</B></P>

<P STYLE="margin: 0; text-align: center"><B>4400 North Point Parkway, Suite 154</B></P>

<P STYLE="margin: 0; text-align: center"><B>Alpharetta, GA 30022</B></P>

<P STYLE="margin: 0; text-align: center"><B>(770) 754-4711</B></P>

<P STYLE="margin: 0; text-align: center">(Name, address, including zip code, and telephone number, including area code, of agent
for service)</P>

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

<P STYLE="margin: 0; text-align: center"><I>Copies to:</I></P>

<P STYLE="margin: 0; text-align: center"><B>Peter J. Gennuso, Esq.</B></P>

<P STYLE="margin: 0; text-align: center"><B>Robin D. Powell, Esq.</B></P>

<P STYLE="margin: 0; text-align: center"><B>Thompson Hine LLP</B></P>

<P STYLE="margin: 0; text-align: center"><B>335 Madison Avenue, 12th Floor</B></P>

<P STYLE="margin: 0; text-align: center"><B>New York, NY&nbsp;10017</B></P>

<P STYLE="margin: 0; text-align: center"><B>(212) 908-3958</B></P>

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

<P STYLE="margin: 0; text-align: justify">Approximate date of commencement of proposed sale to the public: From time to time after
the effective date of this registration statement.</P>

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

<P STYLE="margin: 0; text-align: justify">If any of the securities being registered on this Form&nbsp;are to be offered on a delayed
or continuous basis pursuant to Rule&nbsp;415 under the Securities Act of 1933, check the following box:&nbsp; [X]</P>

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

<P STYLE="margin: 0; text-align: justify">If this Form&nbsp;is filed to register additional securities for an offering pursuant
to Rule&nbsp;462(b) under the Securities Act, please check the following box and list the Securities Act registration statement
number of the earlier effective registration statement for the same offering.&nbsp;[ ]</P>

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

<P STYLE="margin: 0; text-align: justify">If this Form&nbsp;is a post-effective amendment filed pursuant to Rule&nbsp;462(c) under
the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective
registration statement for the same offering.&nbsp;[ ]</P>

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

<P STYLE="margin: 0; text-align: justify">If this Form&nbsp;is a post-effective amendment filed pursuant to Rule&nbsp;462(d) under
the Securities Act, check the following box and list the Securities Act registration number of the earlier effective registration
statement for the same offering.&nbsp;[ ]</P>

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

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<P STYLE="margin: 0; text-align: justify">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated
filer, a non-accelerated filer, or a smaller reporting company.&nbsp;&nbsp;See definitions of &ldquo;large accelerated filer,&rdquo;
&ldquo;accelerated filer,&rdquo; and &ldquo;smaller reporting company&rdquo; in Rule&nbsp;12b-2 of the Exchange Act. (Check one):&nbsp;</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: 31%">Large accelerated filer</TD>
    <TD STYLE="width: 24%">[ ]</TD>
    <TD STYLE="width: 35%">Accelerated filer</TD>
    <TD STYLE="width: 10%">[ ]</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Non-accelerated filer</TD>
    <TD>[ ]</TD>
    <TD>Smaller reporting company</TD>
    <TD>[X]</TD></TR>
</TABLE>
<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify"><B>The registrant hereby amends this registration statement on
such date or date(s) as may be necessary to delay its effective date until the registrant shall file a further amendment which
specifically states that this registration statement shall thereafter become effective in accordance with Section&nbsp;8(a) of
the Securities Act of 1933, or until the registration statement shall become effective on such date as the Commission acting pursuant
to said Section&nbsp;8(a) may determine.</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>EXPLANATORY NOTE</B></P>

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

<P STYLE="margin: 0; text-align: justify">This Post-Effective Amendment No. 1 relates
to the Registrant&rsquo;s Registration Statement on Form S-1 (File No. 333-197821), as amended , initially filed by the Registrant
on August 1, 2014 and declared effective by the U.S. Securities and Exchange Commission (&ldquo;SEC&rdquo;) on October 22, 2014
(the or this &ldquo;Registration Statement&rdquo;). This Post-Effective Amendment No. 1 to the Registration Statement is being
filed pursuant to the undertakings in Item 17 of the Registration Statement to update and supplement the information contained
in the Registration Statement to include the financial statements and other material information concerning the Registrant contained
in the Registrant&rsquo;s Annual Report on Form 10-K for the fiscal year ended December 31, 2014, that was filed with the SEC
on March 31, 2015.</P>

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

<P STYLE="margin: 0; text-align: justify">The information included in this filing updates
and supplements the Registration Statement and the Prospectus contained therein. No additional securities are being registered
under this Post-Effective Amendment No. 1. All applicable registration fees were paid at the time of the original filing of the
Registration Statement.</P>

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="color: Red"></FONT></P>

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

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="color: Red">The information in this prospectus is not complete and may
be changed.&nbsp;&nbsp;These securities may not be sold until the Registration Statement filed with the Securities and Exchange
Commission of which this prospectus is a part becomes effective.&nbsp;&nbsp;This prospectus is not an offer to sell these securities
and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.</FONT></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="color: Red"><B>Subject to Completion, Dated May 28,
2015</B></FONT></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>PROSPECTUS</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>SAFETY QUICK LIGHTING &amp; FANS CORP.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 136px; width: 312px"></P>

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

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>63,485,919 Shares of Common Stock</B></P>

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

<P STYLE="margin: 0; text-align: justify">This prospectus relates to the resale of up to 63,485,919 shares of our common stock
(this &ldquo;Offering&rdquo;), of which (i) 35,500,000 shares were issued and outstanding prior to this Offering; (ii) 18,056,935
shares are issuable upon conversion of secured convertible promissory notes; (iii) 200,000 shares are issuable upon exercise of
options; and (iv) 9,728,984 shares are issuable upon exercise of common stock purchase warrants. The number of shares of common
stock registered hereunder does not include 250,000 shares of our common stock issued and outstanding after the date this Registration
Statement was first declared effective.</P>

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

<P STYLE="margin: 0; text-align: justify">The selling shareholders named in this prospectus
are offering to sell shares of our common stock through this prospectus and they may be deemed &ldquo;underwriters&rdquo; as that
term is defined in Section 2(a)(11) of the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;).</P>

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

<P STYLE="margin: 0; text-align: justify">We are not selling any shares of our common stock in this Offering and will not
receive any proceeds from this Offering. After the closing of this Offering, 27,985,919 shares of our common stock are
issuable upon exercise of warrants or options, or upon conversion of the Notes (as defined in the section titled &ldquo;The
Offering&rdquo; on page 4  of this prospectus). All warrants and options granted by the Company are exercisable into shares
of our common stock at $0.375 per share, and all the Notes are convertible into shares of our common stock at $0.25 per
share.</P>

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

<P STYLE="margin: 0; text-align: justify">The selling shareholders named in this prospectus
may, from time to time, offer the shares covered in negotiated transactions or otherwise at a fixed price of $0.25 per share and
thereafter at market prices prevailing at the time of sale or at privately negotiated prices. The selling shareholders will pay
all brokerage commissions and discounts attributable to the sale of the shares plus brokerage fees. The selling shareholders will
receive all of the net proceeds from this Offering. We bear all costs associated with the registration of the shares covered by
this prospectus; provided, however, we will not be required to pay any underwriters' discounts or commissions relating to the
securities covered by this prospectus.</P>

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

<P STYLE="margin: 0; text-align: justify">No public market currently exists for our
common stock being offered hereby.</P>

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

<P STYLE="margin: 0; text-align: justify">We sought quotation on the Over-the-Counter
Bulletin Board (&ldquo;OTCBB&rdquo;) following the effectiveness of this Registration Statement, of which this prospectus amends
and forms a part, by submitting our application with the Financial Industry Regulatory Authority (&ldquo;FINRA&rdquo;). Until
our common stock is quoted on the OTCBB, selling shareholders must sell their shares at the fixed price of $0.25 per share. In
the event we are cleared by FINRA for quotation, then the selling shareholders may use any one or more of the following methods
when selling shares: (i) ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers; (ii)
block trades in which the broker-dealer will attempt to sell the shares as agent but may position and resell a portion of the
block as principal to facilitate the transaction; (iii) purchases by a broker-dealer as principal and resale by the broker-dealer
for its account; (iv) an exchange distribution in accordance with the rules of the applicable exchange; (v) privately negotiated
transactions; (vi) effected short sales after the date the Registration Statement, of which this prospectus amends and forms a
part, is declared effective by the Securities and Exchange Commission (the &ldquo;SEC&rdquo;); (vii) through the writing or settlement
of options or other hedging transactions, whether through options exchange or otherwise; (viii) broker-dealers may agree with
the selling security holders to sell a specified number of such shares at a stipulated price per share; and (ix) a combination
of any such methods of sale.</P>

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

<P STYLE="margin: 0; text-align: justify">We qualify as an &ldquo;emerging growth company&rdquo;
as defined in the Jumpstart our Business Startups Act (&ldquo;JOBS Act&rdquo;). For more information, see the section titled &ldquo;Emerging
Growth Company Status&rdquo; starting on page 3 of this prospectus.</P>

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

<P STYLE="margin: 0; text-align: justify"><B>Our common stock is presently not listed
on any national securities exchange or reported on any quotation system. Subsequent to this Registration Statement on Form S-1
being declared effective by the SEC, we had an application filed on our behalf by a market maker for approval of our common stock
for quotation on the OTCBB quotation system. No assurance can be made, however, that such application will be approved.</B></P>

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

<P STYLE="margin: 0; text-align: justify"><B>The Company is currently in the
development stage and has minimal operations and revenues to date and there can be no assurance that the Company will be successful
in furthering its operations and/or revenues. Persons should not invest unless they can afford to lose their entire investment.</B></P>

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

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

<P STYLE="margin: 0; text-align: justify"><B>Investing in our securities involves a
high degree of risk. You should purchase these units only if you can afford a complete loss of your investment. See &ldquo;Risk
Factors&rdquo; beginning on page 8 of this prospectus. &nbsp;</B></P>

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

<P STYLE="margin: 0; text-align: justify"><B>Neither the SEC nor any state securities commission has approved
or disapproved of these securities or determined whether this prospectus is truthful or complete.&nbsp;&nbsp;Any representation
to the contrary is a criminal offense.</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>The date of this prospectus is
[__], 2015</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B></B></P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B><A NAME="TableOfContents" TITLE="Table Of Contents"></A>TABLE OF CONTENTS</B></P>

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

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



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Calibri, Helvetica, Sans-Serif">
    <TD STYLE="width: 90%; text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">PROSPECTUS SUMMARY</TD>
    <TD STYLE="width: 10%; text-align: right; padding-top: 0in; padding-bottom: 5pt">1</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Calibri, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">THE OFFERING</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">4</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Calibri, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">SUMMARY FINANCIAL DATA</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">8</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Calibri, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">RISK FACTORS</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">9</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Calibri, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">CAUTIONARY NOTE REGARDING FORWARD-LOOKING
    STATEMENTS</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">19</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Calibri, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">TAX CONSIDERATIONS</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">19</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Calibri, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">USE OF PROCEEDS</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">19</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Calibri, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">CAPITALIZATION</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">19</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Calibri, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">DETERMINATION OF THE OFFERING PRICE</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">20</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Calibri, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">MARKET FOR COMMON STOCK</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">20</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Calibri, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">DIVIDEND POLICY</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">20</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Calibri, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">CONVERTIBLE NOTES OFFERING</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">20</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Calibri, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">SELLING SHAREHOLDERS</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">23</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Calibri, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">MANAGEMENT&rsquo;S DISCUSSION AND
    ANALYSIS     OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">31</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Calibri, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">BUSINESS</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">43</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Calibri, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">PROPERTIES</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">48</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Calibri, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">LITIGATION</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">48</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Calibri, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">MANAGEMENT</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">48</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Calibri, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">EXECUTIVE COMPENSATION</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">50</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Calibri, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">PRINCIPAL SHAREHOLDERS</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">54</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Calibri, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">RELATED PARTY TRANSACTIONS</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">57</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Calibri, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">DESCRIPTION OF SECURITIES</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">57</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Calibri, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">PLAN OF DISTRIBUTION</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">59</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Calibri, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">LEGAL MATTERS</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">60</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Calibri, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">EXPERTS</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">60</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Calibri, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">ADDITIONAL INFORMATION</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">61</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Calibri, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">FINANCIAL STATEMENTS</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">F-1</TD></TR>
</TABLE>
<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify"><B>You should rely only on information contained in this prospectus.&nbsp;&nbsp;We have
not authorized anyone to provide you with information that is different from that contained in this prospectus.&nbsp;&nbsp;No
selling shareholder is offering to sell, or seeking offers to buy, shares of common stock in jurisdictions where such offers and
sales are not permitted.&nbsp;&nbsp;The information contained in this prospectus is accurate only as of the date of this prospectus,
regardless of the time of delivery of this prospectus or of any sale of our common stock.&nbsp;&nbsp;We are responsible for updating
this prospectus to ensure that all material information is included and will update this prospectus to the extent required by
law.</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">&nbsp;PROSPECTUS SUMMARY</P>

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

<P STYLE="margin: 0; text-align: justify"><I>This summary highlights certain information
appearing elsewhere in this prospectus. This summary is not complete and does not contain all of the information you should consider
prior to investing in the securities offered hereby. After you read this summary, you should read and consider carefully the more
detailed information and financial statements and related notes that we include in this prospectus, especially the sections entitled
&ldquo;Risk Factors&rdquo; and &ldquo;Management&rsquo;s Discussion and Analysis of Financial Condition and Results of Operations.&rdquo;
If you invest in our securities, you are assuming a high degree of risk.</I></P>

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

<P STYLE="margin: 0; text-align: justify"><I>Unless we have indicated otherwise or the context otherwise
requires, references in this prospectus to the &ldquo;Company,&rdquo; &ldquo;we,&rdquo; &ldquo;us&rdquo; and &ldquo;our&rdquo;
or similar terms are to Safety Quick Lighting &amp; Fans Corp.</I>&nbsp;</P>

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

<P STYLE="margin: 0; text-align: justify"><B>Our Company</B></P>

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

<P STYLE="margin: 0; text-align: justify">Safety Quick Light LLC was incorporated in
the State of Florida on May 14, 2004.&nbsp; On November 6, 2012, the Company&rsquo;s board of directors converted Safety Quick
Light LLC into Safety Quick Lighting &amp; Fans Corp.</P>

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

<P STYLE="margin: 0; text-align: justify">We are a company engaged in the business of
developing proprietary technology that enables a quick and safe installation by the use of a power plug for electrical fixtures,
such as light fixtures and ceiling fans, into ceiling and wall electrical junction boxes.&nbsp; As of March 31, 2015, we have
three issued U.S. patents relating to our SQL Technology. We also have patents in China (two issued patents) and India (one issued
patent and one pending patent application), which protect different aspects of the same SQL Technology as the three issued U.S.
patents. The Company sought intellectual property protection of its SQL Technology in China due to its current manufacturing operations
and prospective sales in China&rsquo;s market, and sought protection in India in anticipation of future growth into India&rsquo;s
developing market, both with respect to the sales of SQL Technology and potential operations of the Company. The intellectual
property represented by these patents is a <FONT STYLE="background-color: white">fixable socket and a revolvable plug for conducting
electric power and supporting an electrical appliance attached to a wall or ceiling.&nbsp; The socket is comprised of a non-conductive
body that houses conductive rings connectable to an electric power supply through terminals in its side exterior.&nbsp; The plug,
also comprised of a non-conductive body that houses corresponding conductive rings, attaches to the socket via a male post and
is capable of feeding electric power to an appliance. The plug also includes a second structural element allowing it to revolve
and a releasable latching which, when engaged, provides a retention force between the socket and the plug to prevent disengagement
and to support appliances up to 50 pounds.&nbsp; The socket and plug can be detached by releasing the latch, disengaging the electric
power from the plug.&nbsp; The socket is designed to replace the support bar incorporated in electric junction boxes.&nbsp; Once
attached to the electric junction box, the socket can support fixtures that are plugged-in weighing up to 50 pounds, or up to
the weight limit of the electric junction box, if lower than 50 pounds.&nbsp; The plug is designed to be installed in light fixtures,
ceiling fans and wall sconce fixtures.&nbsp; The combined socket and plug technology will be referred to as &ldquo;the SQL Technology&rdquo;
henceforth.</FONT></P>

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="margin: 0; text-align: justify">Our independent registered public accounting firm has issued an audit opinion which
includes an explanatory paragraph expressing doubt as to our ability to continue as a going concern. This means there is substantial
doubt that we can continue as an on-going business unless we can support our working capital and ongoing operational cost requirements
through increased revenue or additional capital raising efforts. Management&rsquo;s plans regarding those matters are further
described below in the subsection titled &ldquo;Our History and New Business Model.&rdquo;</P>

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

<P STYLE="margin: 0; text-align: justify"><B>Our History and New Business Model</B></P>

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

<P STYLE="margin: 0; text-align: justify">Safety Quick Light LLC began marketing the SQL Technology in 2007 for installation of
light fixtures and ceiling fans during manufacturing and as a kit for installing the SQL Technology in existing light fixtures
and ceiling fans.&nbsp;&nbsp; The Company sold 800,000 units of the SQL Technology OEM (&ldquo;Original Equipment Manufacturer&rdquo;)
to lighting manufacturers and retailers who installed the <FONT STYLE="background-color: white">socket and plug technology</FONT>
into their lighting fixtures for sale at retail stores. The Company also sold, directly to the retailers, 100,000 ceiling fans
with the SQL Technology embedded into the product. Our management team determined that it could improve its gross margins if it
were to market light fixtures and ceiling fans with its plug technology already installed on fixtures instead of marketing the
SQL Technology as an add-on device (the &ldquo;New Business Model&rdquo;).&nbsp; During the first quarter of 2010, the Company&rsquo;s
management took the first of several steps toward implementing its New Business Model, and discontinued marketing the SQL Technology
as an add-on device; however, existing orders were honored through 2010 and 2011, resulting in revenues through 2012.&nbsp;</P>

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

<P STYLE="margin: 0; text-align: justify">Company
management then took the next step in furtherance of its New Business Model and sought the endorsement of the SQL Technology from
General Electric Company (&ldquo;GE&rdquo;). During 2010 and 2011, GE tested the SQL Technology and in June 2011, GE and SQL Lighting
&amp; Fans, LLC, a subsidiary of the Company, entered into a trademark licensing agreement (the &ldquo;License Agreement&rdquo;)
under which SQL Lighting &amp; Fans, LLC was licensed to use the GE monogram logo on its devices and certain other trademarks
on its ceiling fans and light fixtures through December 31, 2017. The License Agreement requires the Company to pay a percent
of revenue generated on our products using the GE monogram logo as a license fee, including a minimum license fee payment during
the term.</P>

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

<P STYLE="margin: 0; text-align: justify">The License Agreement enables the Company
to market ceiling fans and light fixtures with and without the SQL Technology using the GE logo. The License Agreement imposes
certain manufacturing and quality control conditions that we must maintain. In addition to marketing ceiling fans and light fixtures
under the GE logo and trademarks, the Company has the right to offer private label ceiling fans and light fixtures with its technology
installed to retailers that market private label products.</P>

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

<P STYLE="margin: 0; text-align: justify">In furtherance of its New Business Model,
the Company sought to establish trade distribution channels with key retailers. In July 2012, the Company entered into a sales
and marketing agreement with Design Solutions International, Inc. (&ldquo;DSI&rdquo;), a privately held, lighting industry design
and marketing firm. In November 2013 and in May and June 2014, the Company obtained the capital resources necessary to implement
its New Business Model through the Notes Offering. See &ldquo;Convertible Notes Offering&rdquo; beginning on page 20 of this prospectus.</P>

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

<P STYLE="margin: 0; text-align: justify">The Company&rsquo;s New Business Model entails
the use of third party manufactures to produce the SQL Technology and the ceiling fans and light fixtures in which SQL Technology
is imbedded. The manufacturers currently used by the Company are located in the Guangdong province of China and, as required by
the Licensing Agreement with GE, must be approved by GE to ensure quality standards are met. To further ensure that quality specifications
are maintained, the Company maintains an office in the Guangdong province staffed with GE trained auditors who will regularly
inspect its products produced by the third party manufacturers.</P>

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

<P STYLE="margin: 0; text-align: justify">Through 2014, we worked on the final steps
to implement our New Business Model. The Company has obtained the necessary qualification and approval of the third party manufacturer&rsquo;s
facilities. The Company and DSI have also been actively presenting the Company&rsquo;s product lines to key retailers during 2014.
The Company continues to develop renderings and samples of new ceiling fan and light fixture designs with the SQL Technology embedded
in the product for sale to retailers. The new items are being presented to the retailers as GE-branded fans and lighting, and
the retailers are currently reviewing these new fan designs for inclusion into their upcoming programs. The Company is actively
marketing and selling the SQL Technology via its New Business Model in 2015.</P>

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

<P STYLE="margin: 0; text-align: justify">After our year ended December 31, 2014, we shipped our first products and recorded our
first sales under the New Business Model. The sales were to a large retail operation and consisted of ceiling fans with the GE
brand. These fans did not contain the SQL Technology, however it represented a significant milestone in the development of customer
relationships with large retailers.</P>

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

<P STYLE="margin: 0; text-align: justify">In February 2015, we received an updated Underwriters
Laboratories (UL) Listing for the SQL Technology. This listing will expand the type of products that we will be able to use with
the SQL Technology. This listing expanded the voltage and amperage that our product is rated for and will allow for additional
fixtures, such as heating elements to be incorporated into our ceiling fans.</P>

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

<P STYLE="margin: 0; text-align: justify">The Company is registering up to 63,485,919
shares of its common stock, which may be offered by certain selling shareholders at a price of $0.25 per share until a market
for our common stock develops. Purchasers who purchase shares from the selling shareholders who are not officers and directors
of the company will likewise receive the selling shareholder prospectus.</P>

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

<P STYLE="margin: 0; text-align: justify">There is no public market for our common stock. To date, we have not obtained listing
or quotation of our securities on a national stock exchange or association, or inter-dealer quotation system. We have had an application
filed on our behalf by a market maker for approval of our common stock for quotation on the OTCBB.&nbsp;&nbsp;No assurance can
be made, however, that such application will be approved.<B> </B>In the absence of listing, no public market is available for
investors in our common stock to sell the shares offered herein. We cannot guarantee that a meaningful trading market will develop
or that we will be able to get the shares listed for trading.</P>

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

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

<P STYLE="margin: 0; text-align: justify"><B>Corporate Information</B></P>

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

<P STYLE="margin: 0; text-align: justify">We are a Florida corporation.&nbsp;&nbsp;Our
principal executive offices are located at North Point Parkway, Suite 154, Alpharetta, Georgia, 30022.&nbsp;&nbsp;Our phone number
is (770) 754-4711, and our website can be found at www.safetyquicklight.com.&nbsp;&nbsp;The information on our website does not
form a part of this prospectus.</P>

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

<P STYLE="margin: 0; text-align: justify"><B>Emerging Growth Company</B></P>

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

<P STYLE="margin: 0; text-align: justify">We are an &quot;emerging growth company,&quot;
as defined in the JOBS Act, and we may take advantage of certain exemptions from various reporting requirements that are applicable
to other public companies.</P>

<P STYLE="margin: 0; text-align: justify">Section 107(b) of the JOBS Act provides that an &ldquo;emerging growth company&rdquo;
can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new
or revised accounting standards. In other words, an &ldquo;emerging growth company&rdquo; can delay the adoption of certain accounting
standards until those standards would otherwise apply to private companies. We have irrevocably opted out of the extended transition
period for complying with new or revised accounting standards pursuant to Section 107(b) of the JOBS Act.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold"></P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">THE OFFERING</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="text-align: left; vertical-align: top">
    <TD STYLE="width: 45%">Securities offered</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 50%"><P STYLE="margin-top: 0; margin-bottom: 0">Up to 63,485,919 shares of our common stock by the selling shareholders.</P>
                                                <P STYLE="margin-top: 0; margin-bottom: 0"><BR></P></TD></TR>
<TR STYLE="text-align: left; vertical-align: top">
    <TD>Offering price</TD><TD>&nbsp;</TD>
    <TD><P STYLE="margin-top: 0; margin-bottom: 0">$0.25 per share for the duration of the offering relating to the resale of our common stock or until such time as our common stock is quoted on the OTCBB or listed on an exchange, at which time the selling shareholders may then sell at the prevailing market price.</P>
                                    <P STYLE="margin-top: 0; margin-bottom: 0"><BR></P></TD></TR>
<TR STYLE="text-align: left; vertical-align: top">
    <TD STYLE="text-indent: -9pt; padding-left: 9pt">Common stock outstanding before this Offering</TD><TD>&nbsp;</TD>
    <TD><P STYLE="margin-top: 0; margin-bottom: 0">35,500,000 shares.</P>
                                    <P STYLE="margin-top: 0; margin-bottom: 0"><BR></P></TD></TR>
<TR STYLE="text-align: left; vertical-align: top">
    <TD STYLE="text-indent: -9pt; padding-left: 9pt">Common stock to be outstanding after this Offering</TD><TD>&nbsp;</TD>
    <TD><P STYLE="margin-top: 0; margin-bottom: 0">63,485,919 shares, assuming all shares offered hereby are sold.</P>
                                    <P STYLE="margin-top: 0; margin-bottom: 0"><BR></P></TD></TR>
<TR STYLE="text-align: left; vertical-align: top">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 9pt; vertical-align: top">Use of proceeds</TD><TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><P STYLE="margin-top: 0; margin-bottom: 0">We will not receive any proceeds from this Offering.&nbsp;However, we may receive up to $3,648,369 and $75,000 in gross proceeds from the exercise of the Warrants and options to purchase our common stock, respectively. For a more complete description, see the section titled &ldquo;Use of Proceeds.&rdquo;</P>
                                    <P STYLE="margin-top: 0; margin-bottom: 0"><BR></P></TD></TR>
<TR STYLE="text-align: left; vertical-align: top">
    <TD>Dividend policy</TD><TD>&nbsp;</TD>
    <TD><P STYLE="margin-top: 0; margin-bottom: 0">We have not declared or paid any dividends on our common stock since our inception, and we do not anticipate paying any such dividends for the foreseeable future.</P>
                                    <P STYLE="margin-top: 0; margin-bottom: 0"><BR></P></TD></TR>
<TR STYLE="text-align: left; vertical-align: top">
    <TD>Risk factors</TD><TD>&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">See &ldquo;Risk Factors&rdquo; beginning on page<B> </B>8<B> </B>and the other information set forth in this prospectus for a discussion of factors you should consider before deciding to invest in our securities.</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">&nbsp;</P></TD></TR>
<TR STYLE="text-align: left; vertical-align: top">
    <TD>Market for common stock</TD><TD>&nbsp;</TD>
    <TD>Our common stock is not presently quoted on or traded on any securities exchange or reported on an automatic quotation system. We can provide no assurance that there will ever be an established pubic trading market for our common stock. We have obtained a market maker, which has filed an application with FINRA on our behalf, and we have sought quotation on the OTCBB. It may take as long as nine (9) months to one (1) year to be approved by FINRA.</TD></TR>
</TABLE>



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

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

<P STYLE="margin: 0; text-align: justify">The number of shares of our common stock to
be outstanding after the closing of this Offering is based on 35,500,000 shares of our common stock that were issued and outstanding
before this Offering, which excludes 27,985,919 shares of our common stock issuable upon exercise of our warrants or options,
and issuable upon conversion of the Notes (as defined below). The number of shares of common stock registered hereunder does not
include 250,000 shares of our common stock issued and outstanding after the date this Registration Statement was first declared
effective.</P>

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

<P STYLE="margin: 0; text-align: justify">On November 26, 2013, May 8, 2014 and June
25, 2014 we concluded closings of the offering of our 12% Secured Convertible Promissory Notes (the &ldquo;12% Notes&rdquo;) in
the aggregate principal amount of $4,240,100 and/or our 15% Secured Convertible Promissory Notes in the aggregate principal amount
of $30,000 (the &ldquo;15% Notes&rdquo;, and together with the 12% Notes, each a &ldquo;Note&rdquo; and collectively, the &ldquo;Notes&rdquo;),
as applicable, with certain &ldquo;accredited investors&rdquo; (the &ldquo;Investors&rdquo;), as defined under Regulation D, Rule
501 of the Securities Act (collectively, the &ldquo;Notes Offering&rdquo;). The entire aggregate principal amount of the Notes
of $4,270,100 was outstanding as of March 31, 2015, such amount being exclusive of securities converted into the Notes separate
from the Notes Offering. Pursuant to the Notes Offering, the Company received $1,752,803, $1,400,000 and $800,500 in net proceeds
on November 26, 2013, May 8, 2014 and June 25, 2014, respectively.</P>

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

<P STYLE="margin: 0; text-align: justify">In addition to the terms customarily included
in such instruments, the Notes began accruing interest on the date that each Investor submitted the principal balance of such
Investor&rsquo;s Note, with the interest thereon becoming due and payable on the one year anniversary of said date, and quarterly
thereafter. Upon a default of the Notes, the interest rate will increase by 2%. The principal balance of each Note and all unpaid
interest will become due and payable twenty-four (24) months after the date of issuance. The Notes may be prepaid with or without
a penalty depending on the date of the prepayment. The principal and interest under the Notes are convertible into shares of our
common stock at $0.25 per share and are secured by a first priority lien (subject only to an existing note with Signature Bank
of Georgia on our intellectual property and all substitutes, replacements and proceeds of such intellectual property) pursuant
to the terms of a Security Purchase Agreement, dated as of November 26, 2013, May 8, 2014 and June 25, 2014, as applicable, by
and between us and each Investor .</P>

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

<P STYLE="margin: 0; text-align: justify">Pursuant to the Notes Offering, each
Investor also received five (5) year common stock warrants to purchase our common stock at $0.375 per share (each a
&ldquo;Warrant&rdquo; and collectively, the &ldquo;Warrants&rdquo;). Investors of the 12% Notes received Warrants with 25%
coverage based on a pre-determined valuation of the Company. Investors of the 15% Notes received Warrants with 15% coverage
based on the pre-determined valuation of the Company. Investors with a principal investment amount equal to or greater than
$250,000 received Warrants with a bonus 40% coverage (&ldquo;Bonus Coverage&rdquo;); however, if an Investor previously
invested $250,000 or more in the Notes Offering, such Investor received Bonus Coverage if such Investor subsequently invested
$100,000 or more in the Notes Offering. In addition to the terms customarily included in such instruments, the Warrants may
be exercised into our common stock by the Investors by providing to the Company a notice of exercise, payment and surrender
of the Warrant.</P>

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

<P STYLE="margin: 0; text-align: justify">In connection with the Notes Offering, we
entered into Registration Rights Agreements, each dated as of November 26, 2013, May 8, 2014 and June 30, 2014 and each by and
between us and each of the Investors (collectively, the &ldquo;Registration Rights Agreements&rdquo;), whereby we agreed to prepare
and file this Registration Statement with the SEC within sixty (60) days after execution of the applicable Registration Rights
Agreement and to have the Registration Statement declared effective by the SEC within ninety (90) days thereafter. The Registration
Statement covered shares of our common stock, including shares of our common stock underlying the Notes, Warrants and certain
other options and warrants.</P>

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

<P STYLE="margin: 0; text-align: justify">Because we were unable to file a Registration Statement pursuant to the terms of each
Registration Rights Agreements dated as of November 26, 2013 or May 8, 2014, we were in default under such Registration Rights
Agreements (the &ldquo;Filing Default Damages&rdquo;). Pursuant to the Registration Rights Agreement, the Filing Default Damages
mandate that the Company shall pay to the Investors, for each thirty (30) day period of such failure and until the filing date
of the Registration Statement and/or the common stock may be sold pursuant to Rule 144, an amount in cash, as partial liquidated
damages and not as a penalty, equal to 2% percent of the aggregate gross proceeds paid by the Investors for the Notes. If the
Company fails to pay any partial liquidated damages in full within five (5) days of the date payable, which is the Note maturity
date, the Company shall pay interest thereon at a rate of 18% per annum (or such lesser maximum amount that is permitted to be
paid by applicable law) to the Investors, accruing daily from the date such partial liquidated damages are due until such amounts,
plus all such interest thereon, are paid in full.</P>

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

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<P STYLE="margin: 0; text-align: justify">In addition, because we were unable to have
a Registration Statement declared effective pursuant to the terms of the Registration Rights Agreements dated as of November 26,
2013 or May 8, 2014, we were in default under such Registration Rights Agreements (the &ldquo;Effectiveness Default Damages&rdquo;).
Pursuant to the Registration Rights Agreement, the Effectiveness Default Damages mandated that the interest rate due under the
Note corresponding to such Registration Rights Agreement will increase 2% above the then effective interest rate of such Note,
and shall continue to increase by 2% every 30 days until a registration statement is declared effective.</P>

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

<P STYLE="margin: 0; text-align: justify">The Company&rsquo;s Registration Statement,
to which this prospectus amends and forms a part, was first filed on August 1, 2014, and was declared effective by the SEC on
October 22, 2014. The Filing Default Damages stopped accruing on the date the Registration Statement was filed, and the Effectiveness
Default Damages stopped accruing on the date it was declared effective. As of August 1, 2014, the date the Company first filed
the Registration Statement, the Filing Default Damages to be paid by the Company to the Investors were $302,169. As of October
22, 2014, the date the Registration Statement was declared effective, the Effectiveness Default Damages to be paid by the Company
to the Investors were $78,572.</P>

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

<P STYLE="margin: 0; text-align: justify">On December 11, 2014, the Company sent a letter
to the Investors holding Notes dated November 26, 2013 (the &ldquo;2013 Investors&rdquo;) concerning the first interest payment
that was scheduled to be paid pursuant to the Notes dated November 26, 2013 on the one year anniversary of the date that each
2013 Investor submitted payment for their Note (the &ldquo;First Interest Payments&rdquo;). The Company noted the significant
progress it had made in 2014, and expressed its preference to conserve working capital to support operations and customer orders.
The Company invited the 2013 Investors to convert the First Interest Payments into shares of the Company&rsquo;s common stock
to further this purpose. The Company also asked each 2013 Investor to execute an Agreement and Waiver (the &ldquo;Agreement and
Waiver&rdquo;), which granted the Company a grace period, deferring the Company&rsquo;s obligation to make payment of the First
Interest Payment and interest that was due under the Note through November 26, 2014 (the &ldquo;Interest Due&rdquo;) until February
24, 2015 (the &ldquo;Extension&rdquo;), during which time such deferment would not be considered an Event of Default under the
2013 Investor&rsquo;s Note. In connection with the Extension, subsequent quarterly payments of interest will be determined based
on the issuance date of each Note (i.e., November 26, 2013) rather than the date that each 2013 Investor first submitted payment
for their Note, the sole purpose and impact of this change being to reduce ongoing costs to administer the Notes. In return for
granting the Extension, we offered to capitalize the Interest Due at a rate of 12% (the &ldquo;Additional Interest&rdquo;), which
was convertible into shares of the Company&rsquo;s common stock at the conversion price of $0.25 per share as of February 24,
2014, unless the 2013 Investor requested to receive the Additional Interest in cash 15 days prior to the end of the Extension.</P>

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

<P STYLE="margin: 0; text-align: justify">On January 23, 2015, the Company sent a letter
agreement to the Investors holding Notes dated November 26, 2013 and May 8, 2014, which constituted all Investors with Filing
Default Damages or Effectiveness Default Damages due to them pursuant to the Registration Rights Agreements dated as of November
26, 2013 or June 30, 2014 (the &ldquo;Agreement to Convert&rdquo;). The Company invited the Investors, as applicable, to elect
to convert the Interest Due and/or the Filing Default Damages and Effectiveness Default Damages into shares of the Company&rsquo;s
common stock at a price of $0.25 per share, and asked each Investor, as applicable, to make such election by acknowledging and
returning the Agreement to Convert to the Company.</P>

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

<P STYLE="margin: 0; text-align: justify">As of March 31, 2015, twenty-five 2013 Investors returned a signed Agreement and
Waiver to the Company, resulting in Additional Interest of $6,532, three 2013 Investors refused to sign the Agreement and
Waiver, and three 2013 Investors did not respond to the Company&rsquo;s letter. One 2013 Investor elected to receive the
Additional Interest in cash, and the remaining 2013 Investors who signed the Agreement and Waiver agreed to receive a total
of 25,753 shares of the Company&rsquo;s common stock in exchange for Additional Interest totaling $6,438.</P>

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

<P STYLE="margin: 0; text-align: justify">As of March 31, 2015, out of thirty-four Investors who received an Agreement to Convert,
twenty Investors elected to convert the Interest Due, the Filing Default Damages and the Effectiveness Default Damages into shares
of the Company&rsquo;s common stock, six Investors elected to receive cash rather than convert, and eight Investors did not respond
to the Company&rsquo;s invitation. As a consequence, the Company will issue 1,575,490 shares of its common stock to accepting
Investors in exchange for Interest Due, Filing Default Damages and Effectiveness Default Damages totaling $393,872.</P>

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

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<P STYLE="margin: 0; text-align: justify">Based on responses received through March 31, 2015, the Company has issued or will
issue 1,601,243 shares of its common stock to Investors in exchange for Additional Interest, Interest Due, Filing Default
Damages and Effectiveness Default Damages totaling $400,310.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold"></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">SUMMARY FINANCIAL DATA</P>

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

<P STYLE="margin: 0; text-align: justify">The following summary of our financial data
should be read in conjunction with, and is qualified in its entirety by reference to &ldquo;Management&rsquo;s Discussion and
Analysis of Financial Condition and Results of Operations&rdquo; and our consolidated financial statements, appearing elsewhere
in this prospectus.&nbsp;&nbsp;</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>Statements of Operations Data</B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="text-align: center; vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt"></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font-weight: bold"><P STYLE="margin-top: 0; margin-bottom: 0">For the year ended</P>
                                                                              <P STYLE="margin-top: 0; margin-bottom: 0">December 31, 2013</P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>For
the year ended </B></P>
                                                           <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>December
                                         31, 2014</B></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Revenue</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD>
    <TD COLSPAN="2" STYLE="text-align: right">-</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD>
    <TD COLSPAN="2" STYLE="text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 36%; text-align: left; padding-left: 5.4pt">Loss from Operations</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 28%; text-align: right">(1,401,435</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 28%; text-align: right">(4,799,696</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Other Income/(Expense)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(1,206,333</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(2,005,053</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Net Income/(Loss)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(2,607,768</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(6,804,749</TD><TD STYLE="text-align: left">)</TD></TR>
</TABLE>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>Balance Sheet Data</B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="text-align: center; vertical-align: top">
    <TD STYLE="padding-bottom: 1pt"></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font-weight: bold">December 31, 2013</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font-weight: bold">December 31, 2014</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 36%; text-align: left; padding-left: 5.4pt">Current Assets</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 28%; text-align: right">1,172,974</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 28%; text-align: right">1,271,128</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Total Assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,438,928</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">11,243,034</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Total Liability</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">3,799,440</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">20,116,214</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Total Stockholders' (Deficit)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(2,360,512</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(8,873,179</TD><TD STYLE="text-align: left">)</TD></TR>
</TABLE>

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

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

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

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

<P STYLE="margin: 0; text-align: justify"><I>Investing in our common stock involves
a high degree of risk.&nbsp;&nbsp;You should carefully consider the following risk factors before deciding whether to invest in
the Company.&nbsp;If any of the events discussed in the risk factors below occur, our business, financial condition, results of
operations or prospects could be materially and adversely affected.&nbsp;&nbsp;In such case, the value and marketability of the
common stock could decline. Additional risks and uncertainties that we do not presently know or that we currently deem immaterial
may also impair our business, financial condition, operating results and prospects.</I></P>

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

<P STYLE="margin: 0; text-align: justify"><B>Risks Relating to our Business</B></P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Our ability to generate revenue to support
our operations is uncertain.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">We are in the early stage of our business
and have a limited history of generating revenues. We have a limited operating history upon which you can evaluate our potential
for future success, and we are subject to the additional risks affecting early-stage businesses. Rather than relying on historical
information, financial or otherwise, to evaluate our Company, you should evaluate our Company in light of your assessment of the
growth potential of our business and the expenses, delays, uncertainties, and complications typically encountered by early-stage
businesses, many of which will be beyond our control. Early-stage businesses in rapidly evolving markets commonly face risks,
such as the following:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">unanticipated problems, delays, and expenses relating to the development and implementation
of their business plans;</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">operational difficulties;</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">lack of sufficient capital;</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">competition from more advanced enterprises; and</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">uncertain revenue generation.</TD>
</TR></TABLE>



<P STYLE="margin: 0; text-align: justify"><B><I></I></B></P>

<P STYLE="margin: 0; text-align: justify"><B><I></I></B></P>

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<P STYLE="margin: 0; text-align: justify"><B><I>Our limited operating history may make
it difficult for us to accurately forecast our operating results.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Our planned expense levels are, and will continue
to be, based in part on our expectations, which are difficult to forecast accurately based on our stage of development and factors
outside of our control. We may be unable to adjust spending in a timely manner to compensate for any unexpected developments.
Further, business development expenses may increase significantly as we expand operations. To the extent that any unexpected expenses
precede, or are not rapidly followed by, a corresponding increase in revenue, our business, operating results, and financial condition
may be materially and adversely affected.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>We have a history of losses that may
continue, which may negatively impact our ability to achieve our business objectives.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">We have incurred net losses since our inception.
The Company&rsquo;s net loss from inception to December 31, 2014, is approximately $15,324,264. We cannot assure you that we can
achieve or sustain profitability on a quarterly or annual basis in the future. There can be no assurance that future operations
will be profitable. We may not achieve our business objectives and the failure to achieve such goals would have an adverse impact
on us.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Our independent registered accounting
firm has expressed concerns about our ability to continue as a going concern.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">The report of our independent registered accounting
firm expresses concern about our ability to continue as a going concern based on insufficient working capital, a stockholders&rsquo;
deficit and recurring net losses. This means there is substantial doubt that we can continue as an on-going business unless we
can support our working capital and ongoing operational cost requirements through increased revenue or additional capital raising
efforts. It is not possible at this time for us to predict with assurance the potential success of our management&rsquo; business
plan. The revenue and income potential of our business and operations are unknown. If we cannot continue as a viable entity, we
may be unable to continue our operations and you may lose some or all of your investment in our common stock.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>We operate in a highly competitive industry
and if we are unable to compete successfully our revenue and profitability will be adversely affected.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">We face strong competition from manufacturers
and distributors of lighting and fan fixtures, worldwide. Many of our competitors have stronger capitalization than we do, have
strong existing customer relationships and more extensive engineering, manufacturing, sales and marketing capabilities. Competitors
could focus their substantial resources on developing a competing technology that may be potentially more attractive to customers
than our products or services. In addition, we may face competition from other products with existing technologies. Our competitors
may also offer competitive products at reduced prices in order to improve their competitive positions. Any of these competitive
factors could make it more difficult for us to attract and retain customers, require us to lower our prices in order to remain
competitive, and reduce our revenue and profitability, any of which could have a material adverse effect on our results of operations
and financial condition.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Our success depends on our ability to
expand, operate, and successfully manage our operations.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Our success depends on our ability to design products popular with customers and consumers,
effectively market our products, manage third party manufacturing operations in China, and successfully manage our operations.
Our ability to successfully accomplish these objects will depend upon a number of factors, including the following:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">signing with strategic distribution partners with established retail and wholesale
relationships;</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the continued development of our business;</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the hiring, training, and retention of competent personnel;</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the ability to design products that generates customer demand;</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the ability to enhance our operational, financial, and management systems;</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the availability of adequate financing;</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">competitive factors; and</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">general economic and business conditions.</TD>
</TR></TABLE>



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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify"><B><I>If we are unable to obtain additional
capital, our business operations could be harmed.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">The expansion of our business will require
additional funds to support inventories and accounts receivable. In the future, we expect to seek additional equity or debt financing
to provide for our working. Such financing may not be available or may not be available on satisfactory terms to us. If financing
is not available on satisfactory terms, we may be unable to expand our operations to achieve our objectives. While debt financing
will enable us to expand our business more rapidly than we otherwise would be able to do, debt financing increases expenses and
we must repay the debt regardless of our operating results. Future equity financings could result in dilution to our stockholders.</P>

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

<P STYLE="margin: 0; text-align: justify">The recent global financial crisis, which
has included, among other things, significant reductions in available capital and liquidity from banks and other providers of
credit, substantial reductions or fluctuations in equity and currency values worldwide, and concerns that the worldwide economy
may enter into a prolonged recessionary period, may make it difficult for us to raise additional capital or obtain additional
credit, when needed, on acceptable terms or at all.</P>

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

<P STYLE="margin: 0; text-align: justify">Our inability to obtain adequate capital resources,
whether in the form of equity or debt, to fund our business and growth strategies, may require us to delay, scale back, or eliminate
some or all of our operations, which may adversely affect our financial results and ability to operate as a going concern.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>The success of our business depends
on the market acceptance of products with our proprietary technology.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Our future success depends on the market acceptance
of our proprietary safety quick technology and our products in which our technology is imbedded. If we are unable to convince
current and potential customers of the advantages of our proprietary technology, then our ability to sell our lighting and fan
products will be limited. If the market for our proprietary technology does not develop, or if the market does not accept our
products, then our ability to grow our business could be limited.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>We depend on a limited number of third
party manufacturers.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">We depend on certain key manufacturers for
our current products. If these relationships become strained, our results of operations and financial condition could be materially
adversely affected.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>We may depend upon a limited number
of customers in any given period to generate a substantial portion of our revenue.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Our industry does not lend to long-term customer
contracts, and our dependence on individual key customers can vary from period to period as a result of consumer demands among
others variables. As a result, we may experience more customer concentration in any given future period. The loss of, or substantial
reduction in sales to, any of our significant customers could have a material adverse effect on our results of operations in any
given future period.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>We may need to raise additional financing
to support our operations, but we cannot be sure that we will be able to obtain additional financing on terms favorable to us
when needed. If we are unable to obtain additional financing to meet our needs, our operations may be adversely affected or terminated.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">We have limited financial resources. There
can be no assurance that we will be able to obtain financing to fund our operations in light of factors beyond our control such
as the market demand for our securities, the state of financial markets, generally, and other relevant factors. Any sale of our
common stock in the future may result in dilution to existing stockholders. Furthermore, there is no assurance that we will not
incur debt in the future, that we will have sufficient funds to repay any future indebtedness or that we will not default on our
future debts, which would thereby jeopardize our business viability. Finally, we may not be able to borrow or raise additional
capital in the future to meet our needs or to otherwise provide the capital necessary to continue the development of our technology,
which might</P>

<P STYLE="margin: 0; text-align: justify">result in the loss of some or all of your investment in our common stock.</P>

<P STYLE="margin: 0; text-align: justify"><B><I></I></B></P>

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<P STYLE="margin: 0; text-align: justify"><B><I>If we obtain debt financing, we will
face risks associated with financing our operations.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">If we obtain debt financing, we will be subject
to the normal risks associated with debt financing, including the risk that our cash flow will be insufficient to meet required
payments of principal and interest and the risk that we will not be able to renew, repay, or refinance our debt when it matures
or that the terms of any renewal or refinancing will not be as favorable as the existing terms of that debt. If we enter into
secured lending facilities and are unable to pay our obligations to our secured lenders, they could proceed against any or all
of the collateral securing our indebtedness to them.</P>

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

<P STYLE="margin: 0; text-align: justify">&nbsp;<B><I>We may acquire other businesses,
license rights to technologies or products, form alliances, or dispose of or spin-off businesses, which could cause us to incur
significant expenses and could negatively affect profitability.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">We may pursue acquisitions, technology-licensing
arrangements, and strategic alliances, or dispose of or spin-off some of our businesses, as part of our business strategy. We
may not complete these transactions in a timely manner, on a cost-effective basis, or at all, and may not realize the expected
benefits. If we are successful in making an acquisition, the products and technologies that are acquired may not be successful
or may require significantly greater resources and investments than originally anticipated. We may not be able to integrate acquisitions
successfully into our existing business and could incur or assume significant debt and unknown or contingent liabilities. We could
also experience negative effects on our reported results of operations from acquisition or disposition-related charges, amortization
of expenses related to intangibles and charges for impairment of long-term assets.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>We depend on our officers, key employees and agents who would
be difficult to replace, and our business will likely be harmed if we lose their services or cannot hire additional qualified
personnel.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Our success depends substantially on the efforts
and abilities of our officers, and other key employees and agents. The Company has an employment agreement with its chief executive
officer but we do not think this agreement limits such employee&rsquo;s ability to terminate his employment; the Company also
has a consulting agreement with Rani Kohen, the Company&rsquo;s founder. We do not have key person life insurance on chief executive
officer; we do not have key person life insurance covering any of our other officers or other key employees or agents, including
Mr. Kohen. The loss of services of one or more of our officers or key employees or agents or the inability to add key personnel
could have a material adverse effect on our business. Competition for experienced personnel in our industry is substantial. Our
success depends in part on our ability to attract, hire, and retain qualified personnel. In addition, if any of our officers or
other key employees join a competitor or form a competing company, we may lose some of our customers.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>If we experience rapid growth and we
are not able to manage this growth successfully, this inability to manage the growth could adversely affect our business, financial
condition, and results of operations.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Rapid growth places a significant strain on
our financial, operational, and managerial resources. While we engage in strategic and operational planning to adequately manage
anticipated growth, there can be no assurance that we will be able to implement and subsequently improve operations and financial
systems successfully and in a timely manner to fully manage our growth. There can be no assurance that we will be able to manage
our growth and any inability to successfully manage growth could materially adversely affect our business, financial condition,
and results of operation.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>We rely on third party manufacturers
to produce our products. We may be unable to achieve our growth and profitability objectives if we cannot secure acceptable third
party manufacturers or existing third party manufacturer relationships dissolve.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">We do not know whether our current or future
manufacturing arrangements will be able to develop efficient, low-cost manufacturing capabilities and processes that will enable
us to meet the quality, price, engineering, design and production standards, or production volumes required to successfully mass
market such products. Even if we are successful in developing manufacturing capabilities and processes, we do not know whether
we will do so in time to meet market demand. Our failure to develop these manufacturing processes and capabilities, if necessary,
in a timely manner could prevent us from achieving our growth and profitability objectives.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I></I></B></P>

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<P STYLE="margin: 0; text-align: justify"><B><I>Our business may become substantially
dependent on contracts that are awarded through competitive bidding processes.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">We may sell a significant portion of our products
pursuant to contracts that are subject to competitive bidding, including contracts with municipal authorities. Competition for,
and negotiation and award of, contracts present varied risks, including, but not limited to:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">investment of substantial time and resources by management for the preparation of
bids and proposals with no assurance that a contract will be awarded to us;</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the requirement to certify as to compliance with numerous laws (for example, socio-economic,
small business, and domestic preference) for which a false or incorrect certification can lead to civil and criminal penalties;</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the need to estimate accurately the resources and cost structure required to service
a contract; and</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the expenses and delays that we might suffer if our competitors protest a contract
awarded to us, including the potential that the contract may be terminated and a new bid competition may be conducted.</TD>
</TR></TABLE>



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

<P STYLE="margin: 0; text-align: justify">If we are unable to win contracts awarded
through the competitive bidding process, we may not be able to operate in the market for products and services that are provided
under those contracts for a number of years. If we are unable to consistently win new contract awards over any extended period,
or if we fail to anticipate all of the costs and resources that will be required to secure and perform such contract awards, our
growth strategy and our business, financial condition, and results of operations could be materially and adversely affected.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>We sell, or will sell, products and
services to companies in industries which tend to be extremely cyclical; downturns in those industries would adversely affect
our results of operations.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">The growth and profitability of our business
will depend on sales to industries that are subject to cyclical downturns. Slowdowns in these industries may adversely affect
sales by our businesses, which in turn would adversely affect our revenues and results of operations.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>We are, or in the future may be, subject
to substantial regulation related to quality standards applicable to our quality processes. Our failure to comply with applicable
quality standards could have an adverse effect on our business, financial condition, or results of operations.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">The Environmental Protection Agency regulates
the registration, manufacturing, and sales and marketing of products in our industry, and those of our distributors and partners,
in the United States. Significant government regulation also exists in overseas markets. Compliance with applicable regulatory
requirements is subject to continual review and is monitored through periodic inspections and other review and reporting mechanisms.</P>

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

<P STYLE="margin: 0; text-align: justify">Failure by us or our partners to comply with
current or future governmental regulations and quality assurance guidelines could lead to product recalls or related field actions,
or product shortages. Efficacy or safety concerns with respect to our products or those of our partners could lead to product
recalls, fines, withdrawals, declining sales, and/or our failure to successfully commercialize new products or otherwise achieve
revenue growth.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>The success of our businesses will depend
on our ability to effectively develop and implement strategic business initiatives.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">We are currently implementing various strategic business initiatives. In connection
with the development and implementation of these initiatives, we will incur additional expenses and capital expenditures to implement
the initiatives. The development and implementation of these initiatives also requires management to divert a portion of its time
from day-to-day operations. These expenses and diversions could have a significant impact on our operations and profitability,
particularly if the initiatives prove to be unsuccessful. Moreover, if we are unable to implement an initiative in a timely manner,
or if those initiatives turn out to be ineffective or are executed improperly, our business and operating results would be adversely
affected.</P>

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

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<P STYLE="margin: 0; text-align: justify"><B><I>Failure to successfully reduce our current
or future production costs may adversely affect our financial results.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">A significant portion of our strategy will
rely upon our ability to successfully rationalize and improve the efficiency of our operations. In particular, our strategy relies
on our ability to reduce our production costs in order to remain competitive. If we are unable to continue to successfully implement
cost reduction measures, especially in a time of a worldwide economic downturn, or if these efforts do not generate the level
of cost savings that we expect going forward or result in higher than expected costs, there could be a material adverse effect
on our business, financial condition, results of operations, or cash flows.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>If we are unable to make necessary capital
investments or respond to pricing pressures, our business may be harmed.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">In order to remain competitive, we need to
invest in research and development, customer service and support, and marketing. From time to time, we may have to adjust the
prices of our products and services to remain competitive. We may not have available sufficient financial or other resources to
continue to make investments necessary to maintain our competitive position.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>We have limited product distribution
experience and we expect to rely on third parties who may not successfully sell our products.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">We have limited product distribution experience
and currently rely, and plan to rely primarily, on product distribution arrangements with third parties. We may also license our
technology to certain third parties for commercialization of certain applications. We expect to enter into distribution agreements
and/or licensing agreements in the future, and we may not be able to enter into these agreements on terms that are favorable to
us, if at all. In addition, we may have limited or no control over the distribution activities of these third parties. These third
parties could sell competing products and may devote insufficient sales efforts to our products. As a result, our future revenues
from sales of our products, if any, will depend on the success of the efforts of these third parties.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>We could face significant liabilities
in connection with our technology, products, and business operations, which if incurred beyond any insurance limits, would adversely
affect our business and financial condition. </I></B></P>

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

<P STYLE="margin: 0; text-align: justify">We are subject to a variety of potential liabilities
connected to our technology development and business operations, such as potential liabilities related to environmental risks.
As a business which markets products for use by consumers and institutions, we may become liable for any damage caused by our
products, whether used in the manner intended or not. Any such claim of liability, whether meritorious or not, could be time-consuming
and/or result in costly litigation. Although we intend to obtain insurance against certain of these risks, no assurance can be
given that such insurance will be adequate to cover related liabilities or will be available in the future or, if available, that
premiums will be commercially justifiable. If we were to incur any substantial liability and related damages were not covered
by our insurance or exceeded policy limits, or if we were to incur such liability at a time when we are not able to obtain liability
insurance, our business, financial conditions, and results of operations could be materially adversely affected.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Our inability to protect our intellectual
property, or our involvement in damaging and disruptive intellectual property litigation, could adversely affect our business,
results of operations and financial condition or result in the loss of use of the product or service.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">We attempt to protect our intellectual property rights through a combination of patent,
trademark, copyright and trade secret laws, as well as third-party nondisclosure and assignment agreements. Our failure to obtain
or maintain adequate protection of our intellectual property rights for any reason could have a material adverse effect on our
business, results of operations and financial condition.</P>

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

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<P STYLE="margin: 0; text-align: justify">We own United States and international patents and patent applications for our technologies.
We offer no assurance about the degree of protection which existing or future patents may afford us. Likewise, we offer no assurance
that our patent applications will result in issued patents, that our patents will be upheld if challenged, that competitors will
not develop similar or superior business methods or products outside the protection of our patents, that competitors will not
infringe our patents, or that we will have adequate resources to enforce our patents.</P>

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

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

<P STYLE="margin: 0; text-align: justify">To protect our trade
secrets and other proprietary information, we generally require employees, consultants, advisors and collaborators to enter into
confidentiality agreements. We cannot assure you that these agreements will provide meaningful protection for our trade secrets,
know-how or other proprietary information in the event of any unauthorized use, misappropriation or disclosure of such trade secrets,
know-how or other proprietary information. If we are unable to maintain the proprietary nature of our technologies, our business
could be materially adversely affected.</P>

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

<P STYLE="margin: 0; text-align: justify">We rely on our trademarks,
trade names, and brand names to distinguish our company and our products and services from our competitors.</P>

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

<P STYLE="margin: 0; text-align: justify">Some of our trademarks
may conflict with trademarks of other companies. Failure to obtain trademark registrations could limit our ability to protect
our trademarks and impede our sales and marketing efforts. Further, we cannot assure you that competitors will not infringe our
trademarks, or that we will have adequate resources to enforce our trademarks.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">In addition, third
parties may bring infringement and other claims that could be time-consuming and expensive to defend. In addition, parties making
infringement and other claims may be able to obtain injunctive or other equitable relief that could effectively block our ability
to provide our products, services or business methods and could cause us to pay substantial damages. In the event of a successful
claim of infringement, we may need to obtain one or more licenses from third parties, which may not be available at a reasonable
cost, or at all. It is possible that our intellectual property rights may not be valid or that we may infringe existing or future
proprietary rights of others. Any successful infringement claims could subject us to significant liabilities, require us to seek
licenses on unfavorable terms, prevent us selling products, services and business methods and require us to redesign or, in the
case of trademark claims, rebrand our company or products, any of which could have a material adverse effect on our business,
financial condition or results of operations.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>The expiration or loss of patent protection
and licenses may affect our future revenues and operating income.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Much of our business relies on patent and
trademark and other intellectual property protection. Although most of the challenges to our intellectual property would likely
come from other businesses, governments may also challenge intellectual property protections. To the extent our intellectual property
is successfully challenged, invalidated, or circumvented, or to the extent it does not allow us to compete effectively, our business
will suffer. To the extent that countries do not enforce our intellectual property rights or to the extent that countries require
compulsory licensing of our intellectual property, our future revenues and operating income will be reduced.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Our research and development efforts
may not succeed in developing commercially successful products and technologies, which may cause our revenue and profitability
to decline.</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">To remain competitive, we must continue to
launch new products and technology, and enhance our current products and technology. To accomplish this, we must commit substantial
efforts, funds, and other resources to research and development. A high rate of failure is inherent in the research and development
of new products and technology. We must make ongoing substantial expenditures without any assurance that its efforts will be commercially
successful. Failure can occur at any point in the process, including after significant funds have been invested. We cannot state
with certainty when or whether any of our products or technology under development will be</P>

<P STYLE="margin: 0; text-align: justify">launched or whether any products or technologies will be commercially successful. Failure
to launch successful new products or technology, or enhance existing products or technology may cause our products or technology
to become obsolete, causing our revenues and operating results to suffer.&nbsp;</P>

<P STYLE="margin: 0; text-align: justify"><B><I></I></B></P>

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<P STYLE="margin: 0; text-align: justify"><B><I>New products and technological advances
by our competitors may negatively affect our results of operations.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Our products and technology face intense competition from our competitors' products
and technology. Competitors' products and technology may be more effective, more effectively marketed or sold, or have lower prices
or superior performance features than our products or technology. We cannot predict with certainty the timing or impact of the
introduction of competitors' products or technology.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I></I></B></P>

<P STYLE="margin: 0; text-align: justify"><B><I>Our costs may grow more quickly than
our revenue, harming our business and profitability. </I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Providing our products or technology to our
customers is costly and we expect our expenses to continue to increase in the future. We expect to continue to invest in our infrastructure
in order to provide our products and technology rapidly and reliably to all customers. Our expenses may be greater than we anticipate,
and our investments to make our business and our infrastructure more efficient may not be successful. In addition, we may increase
marketing, sales, and other operating expenses in order to grow and expand our operations and to remain competitive. Increases
in our costs may adversely affect our business and profitability.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>The loss of our License Agreement with
General Electric could negatively affect our results of operations. </I></B></P>

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

<P STYLE="margin: 0; text-align: justify">We currently have a License Agreement with
General Electric whereby we may market GE Branded ceiling fans and light fixtures with the SQL Power Plug Technology installed
on the product. Through our License Agreement, we have received order indications from major retailers such as Wal-Mart, Target,
Home Depot, Lowes, Costco and ACE Hardware. The loss of this arrangement or the termination of the License Agreement could limit
our ability to secure additional customers and thereby could have a material adverse effect on our profitability and financial
condition.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Other factors can have a material adverse
effect on our future profitability and financial condition.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Many other factors can affect our profitability
and financial condition, including:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">changes in, or interpretations of, laws and regulations including changes in accounting
standards and taxation requirements;</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">changes in the rate of inflation, interest rates and the performance of investments
held by us;</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">changes in the creditworthiness of counterparties that transact business with;</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">changes in business, economic, and political conditions, including: war, political
instability, terrorist attacks in the U.S. and other parts of the world, the threat of future terrorist activity in the U.S. and
other parts of the world and related military action; natural disasters; the cost and availability of insurance due to any of
the foregoing events; labor disputes, strikes, slow-downs, or other forms of labor or union activity; and, pressure from third-party
interest groups;</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">changes in our business and investments and changes in the relative and absolute contribution
of each to earnings and cash flow resulting from evolving business strategies, changing product mix, changes in tax rates and
opportunities existing now or in the future;</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">difficulties related to our information technology systems, any of which could adversely
affect business operations, including any significant breakdown, invasion, destruction, or interruption of these systems;</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">changes in credit markets impacting our ability to obtain financing for our business
operations; or</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">legal difficulties, any of which could preclude or delay commercialization of products
or technology or adversely affect profitability, including claims asserting statutory or regulatory violations, adverse litigation
decisions, and issues regarding compliance with any governmental consent decree.</TD>
</TR></TABLE>



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

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

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<P STYLE="margin: 0; text-align: justify"><B>Risks Related to our Operation and Structure</B></P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>We can provide no assurances as to our
future financial performance or the investment result of a purchase of our common stock.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Any projected results of operations involve significant risks and uncertainty, should
be considered speculative, and depend on various assumptions which may not be correct. The future performance of our Company and
the return on our common stock depends on a complex series of events that are beyond our control and that may or may not occur.
Actual results for any period may or may not approximate any assumptions that are made and may differ significantly from such
assumptions. We can provide no assurance or prediction as to our future profitability or to the ultimate success of an investment
in our common stock.</P>

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

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

<P STYLE="margin: 0; text-align: justify"><B><I>We are subject to corporate governance
and internal control reporting requirements, and our costs related to compliance with, or our failure to comply with existing
and future requirements, could adversely affect our business.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">We face corporate governance requirements under the Sarbanes-Oxley Act of 2002, as
well as new rules and regulations subsequently adopted by the SEC and the Public Company Accounting Oversight Board. These
laws, rules, and regulations continue to evolve and may become increasingly stringent in the future. We will be required to
evaluate our internal control over financial reporting under Section 404 of the Sarbanes-Oxley Act of 2002 (&ldquo;Section
404&rdquo;). We are a smaller reporting company as defined in Rule 12b-2 under the Securities Exchange Act of 1934, as
amended (the &ldquo;Exchange Act&rdquo;). Section 404 requires us to include an internal control report with our Annual
Report on Form 10-K. The report must include management&rsquo;s assessment of the effectiveness of our internal control over
financial reporting as of the end of the fiscal year. This report must also include disclosure of any material weaknesses in
internal control over financial reporting that we have identified. Failure to comply, or any adverse results from such
evaluation, could result in a loss of investor confidence in our financial reports and have an adverse effect on the trading
price of our securities. We will strive to continuously evaluate and improve our control structure to help ensure that we
comply with Section 404. The financial cost of compliance with these laws, rules, and regulations is expected to remain
substantial. We cannot assure you that we will be able to fully comply with these laws, rules, and regulations that address
corporate governance, internal control reporting, and similar matters. Failure to comply with these laws, rules, and
regulations could materially adversely affect our reputation, financial condition, and the value of our securities.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>As a public company, we have significant
operating costs relating to compliance requirements and our management is required to devote substantial time to compliance initiatives.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Our management has only limited experience
operating as a public company. To operate effectively, we will be required to continue to implement changes in certain aspects
of our business and develop, manage, and train management level and other employees to comply with on-going public company requirements.
Failure to take such actions, or delay in the implementation thereof, could have a material adverse effect on our business, financial
condition, and results of operations.</P>

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

<P STYLE="margin: 0; text-align: justify">The Sarbanes-Oxley Act, as well as rules subsequently
implemented by the SEC, impose various requirements on public companies, including requiring establishment and maintenance of
effective disclosure and financial controls and changes in corporate governance practices. Our management and other personnel
will need to devote a substantial amount of time to these new compliance initiatives. Moreover, these rules and regulations will
increase our legal and financial compliance costs and will make some activities more time-consuming and costly.</P>

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

<P STYLE="margin: 0; text-align: justify"><B>Risks Related to our Common Stock</B></P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Future issuances of our common stock
could dilute current stockholders or adversely affect the market.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Future issuances of our common stock could be at values substantially below the price
paid by the current holders of our common stock. In addition, common stock could be issued to fend off unwanted tender offers
or hostile takeovers without further stockholder approval. Sales of substantial amounts of our common stock, or even just the
prospect of such sales, could depress the prevailing price of our common stock and our ability to raise equity capital in the
future.</P>

<P STYLE="margin: 0; text-align: justify"><B><I></I></B></P>

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<P STYLE="margin: 0; text-align: justify"><B><I>Currently there is no public market
for our common stock, and we cannot predict the future prices or the amount of liquidity of our common stock</I></B><I>. </I></P>

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

<P STYLE="margin: 0; text-align: justify">Currently, there is no public market for our common stock and a public market may never
develop. We have obtained a market maker, which has filed an application with FINRA on our behalf, and we have sought quotation
on the OTCBB. It may take as long as nine (9) months to one (1) year to be approved by FINRA. However, the OTCBB is not a liquid
market in contrast to the major stock exchanges. We cannot assure you as to the liquidity or the future market prices of our common
stock if a market does develop. If an active market for our common stock does not develop, the fair market value of our common
stock could be materially adversely affected. Any public market will follow approval of our application with FINRA, and we cannot
predict the price at which we will begin trading or the future prices of our common stock.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>We will be subject to the &ldquo;penny
stock&rdquo; rules which will adversely affect the liquidity of our common stock</I></B><I>. </I></P>

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

<P STYLE="margin: 0; text-align: justify">The SEC, has adopted regulations which generally
define &ldquo;penny stock&rdquo; to be an equity security that has a market price of less than $5.00 per share, subject to specific
exemptions. We expect the market price of our common stock will be less than $5.00 per share and therefore we will be considered
a &ldquo;penny stock&rdquo; according to SEC rules. This designation requires any broker-dealer selling these securities to disclose
certain information concerning the transaction, obtain a written agreement from the purchaser and determine that the purchaser
is reasonably suitable to purchase the securities. These rules limit the ability of broker-dealers to solicit purchases of our
common stock and therefore reduce the liquidity of the public market for our shares should one develop.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Terms of subsequent financings may adversely
impact your investment</I>. </B></P>

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

<P STYLE="margin: 0; text-align: justify">We may have to raise equity, debt financing
in the future. Your rights and the value of your investment in our common stock could be reduced. For example, if we issue secured
debt securities, the holders of the debt would have a claim against our assets that would be prior to the rights of stockholders
until the debt is paid. Interest on these debt securities would increase costs and negatively impact operating results.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>It is not likely that we will pay dividends
on the common stock or any other class of stock. </I></B></P>

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

<P STYLE="margin: 0; text-align: justify">We intend to retain any future earnings for
the operation and expansion of our business. We do not anticipate paying cash dividends on our common stock, or any other class
of stock, in the foreseeable future. Stockholders should look solely to appreciation in the market price of our common shares
to obtain a return on investment.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>A significant number of our shares will
be eligible for sale and their sale or potential sale may depress the market price of our common stock.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Sales of a significant number of shares of
our common stock in the public market could harm the market price of our common stock. This prospectus covers 63,485,919 shares
of our common stock, which represents almost all of our current issued and outstanding shares of our common stock, as well as
the common stock underlying certain options and warrants with respect to our common stock, as well as common stock issuable upon
conversion of the Notes. As additional shares of our common stock become available for resale in the public market pursuant to
this Offering, and otherwise, the supply of our common stock will increase, which could decrease its price.&nbsp;&nbsp;In addition
some or all of the shares of common stock may be offered from time to time in the open market pursuant to Rule 144, and these
sales may have a depressive effect on the market for our shares of common stock.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Our stockholders may experience significant
dilution from the conversion of the Notes and exercise of Warrants and options to purchase shares of our common stock</I></B><I>.
</I></P>

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

<P STYLE="margin: 0; text-align: justify">We currently have outstanding Notes convertible into 18,056,935 shares of our common
stock. Further, we currently have outstanding Warrants and options to purchase up to an aggregate of 9,928,984 shares of our common
stock at an exercise price of $0.375 per share. Accordingly, if such Notes, Warrants and options are exercised, in whole or part,
prior to their expiration dates, you may experience substantial dilution upon the conversion or exercise of these Notes, Warrants
or options. In addition, the likelihood of such dilution may be accelerated if the price of our common stock increases to a level
greater than the exercise price of these warrants.</P>

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

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<P STYLE="margin: 0; text-align: justify"><B><I>Our common stock will not be eligible
for quotation on the OTCBB, unless we are current in our filings with the Securities and Exchange Commission.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">In the event that our common stock is quoted on the OTCBB, we will be required to remain
current in our filings with the SEC in order for shares of our common stock to be eligible for quotation on the over-the-counter
bulletin board. In the event that we become delinquent in our required filings with the SEC, quotation of our common stock will
be terminated following a 30 day grace period if we do not make our required filing during that time. If our common stock is not
eligible for quotation on the over-the-counter bulletin board, investors in our common stock may find it difficult to sell their
shares. Regardless of whether our common stock is quoted on the over-the-counter bulletin board, under Section 15(d) of the Exchange
Act, we are required to file periodic reports with the SEC. See risk factor entitled &ldquo;We are not a fully reporting company
under the Securities Exchange Act of 1934, as amended, and thus subject only to the reporting requirements of Section 15(d).&rdquo;</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I></I></B></P>

<P STYLE="margin: 0; text-align: justify"><B><I>We are classified as an &ldquo;emerging
growth company&rdquo; as well as a &ldquo;smaller reporting company&rdquo; and we cannot be certain if the reduced disclosure
requirements applicable to emerging growth companies and smaller reporting companies will make our common stock less attractive
to investors.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">We are an &quot;emerging growth company,&quot;
as defined in the JOBS Act, and we may take advantage of certain exemptions from various reporting requirements that are applicable
to other public companies, including, but not limited to, not being required to comply with the auditor attestation requirements
of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in our periodic reports
and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and
shareholder approval of any golden parachute payments not previously approved. We cannot predict if investors will find our common
stock less attractive because we may rely on these exemptions. If some investors find our common stock less attractive as a result,
there may be a less active trading market for our common stock and our stock price may be more volatile.</P>

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

<P STYLE="margin: 0; text-align: justify">Section 107 of the JOBS Act provides that
an &ldquo;emerging growth company&rdquo; can take advantage of the extended transition period provided in Section 7(a)(2)(B) of
the Securities Act for complying with new or revised accounting standards. In other words, an &ldquo;emerging growth company&rdquo;
can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have
irrevocably opted out of the extended transition period for complying with new or revised accounting standards pursuant to Section
107(b) of the JOBS Act.</P>

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

<P STYLE="margin: 0; text-align: justify">We could remain an &ldquo;emerging growth
company&rdquo; for up to five years, or until the earliest of (i) the last day of the first fiscal year in which our annual gross
revenues exceed $1 billion, (ii) the date that we become a &ldquo;large accelerated filer&rdquo; as defined in Rule 12b-2 under
the Exchange Act, which would occur if the market value of our common stock that is held by non-affiliates exceeds $700 million
as of the last business day of our most recently completed second fiscal quarter, or (iii) the date on which we have issued more
than $1 billion in non-convertible debt during the preceding three-year period.</P>

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

<P STYLE="margin: 0; text-align: justify">Notwithstanding the above, we are also currently a &ldquo;smaller reporting company.&rdquo;
Specifically, similar to &ldquo;emerging growth companies,&rdquo; &ldquo;smaller reporting companies&rdquo; are able to provide
simplified executive compensation disclosures in their filings; are exempt from the provisions of Section 404(b) of the Sarbanes-Oxley
Act requiring that independent registered public accounting firms provide an attestation report on the effectiveness of internal
control over financial reporting; and have certain other decreased disclosure obligations in their SEC filings. Decreased disclosures
in our SEC filings due to our status as an &ldquo;emerging growth company&rdquo; or &ldquo;smaller reporting company&rdquo; may
make it harder for investors to analyze our results of operations and financial prospects.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold"></P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS</P>

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

<P STYLE="margin: 0; text-align: justify">This prospectus contains forward-looking statements,
within the meaning of Section&nbsp;27A of the Securities Act and the Exchange Act, that involve risk and uncertainties. Any statements
contained in this prospectus that are not statements of historical fact may be forward-looking statements. When we use the words
such as &ldquo;may,&rdquo; &ldquo;will,&rdquo; &ldquo;should,&rdquo; &ldquo;estimates,&rdquo; &ldquo;predicts,&rdquo; &ldquo;potential,&rdquo;
&ldquo;continue,&rdquo; &ldquo;strategy,&rdquo; &ldquo;believes,&rdquo; &ldquo;anticipates,&rdquo; &ldquo;plans,&rdquo; &ldquo;expects,&rdquo;
&ldquo;intends&rdquo; and similar expressions are intended to identify forward-looking statements. Forward-looking statements
involve risks and uncertainties which may cause our actual results, performance or achievements to be materially different from
those expressed or implied by forward-looking statements. These factors include, among others:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">current or future financial performance;</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">management&rsquo;s plans and objectives for future operations;</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">uncertainties associated with product research and development;</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">uncertainties associated with dependence upon the actions of government regulatory
agencies;</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">product plans and performance;</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">management&rsquo;s assessment of market factors; and</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">statements regarding our strategy and plans.</TD>
</TR></TABLE>



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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">TAX CONSIDERATIONS</P>

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

<P STYLE="margin: 0; text-align: justify">We are not providing any tax advice as to the acquisition, holding or disposition of
the securities offered herein. In making an investment decision, investors are strongly encouraged to consult their own tax advisor
to determine the U.S. federal, state and any applicable foreign tax consequences relating to their investment in our securities.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">USE OF PROCEEDS</P>

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

<P STYLE="margin: 0; text-align: justify">We will not receive any proceeds from the sale of the common stock by the selling shareholders
pursuant to this prospectus. The selling shareholders named herein will receive all proceeds from the sale of the shares of our
common stock in this Offering. However, we may receive up to $3,648,369 and $75,000 in gross proceeds from the exercise of the
Warrants and options, respectively. Please see Selling Shareholders&rdquo; beginning at page 23.&nbsp;&nbsp;We will pay all expenses
(other than transfer taxes) of the selling shareholders in connection with this Offering.&nbsp;</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">CAPITALIZATION</P>

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

<P STYLE="margin: 0; text-align: justify">The following table sets forth our capitalization
as of&nbsp;December 31, 2014.&nbsp;&nbsp;The table should be read in conjunction with the consolidated financial statements and
related notes included elsewhere in this prospectus:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>As&nbsp;of</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>December 31, 2014</B></P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Stockholders&rsquo; deficit:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 70%">Common stock, $0 par value;</TD><TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 18%; text-align: right">127,400</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Additional paid-in capital</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,359,127</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Accumulated deficit</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(15,324,264</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Total stockholders&rsquo; deficit</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(8,837,737</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Noncontrolling interest</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(35,442</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Total Deficit</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(8,873,179</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
</TABLE>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold"></P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">DETERMINATION OF THE OFFERING PRICE</P>

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

<P STYLE="margin: 0; text-align: justify">There is no established public market for
our shares of common stock. The offering price for the sale of common stock held by the selling shareholders of $0.25 per share
was arbitrarily determined by us, by using the price paid in our Notes Offering as a benchmark. The offering price should not
be regarded as an indicator of the market price, if any, of the common stock that may develop in&nbsp;a trading market after this
Offering, which is likely to fluctuate.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">MARKET FOR COMMON STOCK</P>

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

<P STYLE="margin: 0; text-align: justify">There is no public market for our common stock.
Although our common stock is not currently listed on a public exchange, we have applied to have our common stock quoted on an
over-the-counter marketplace. Although we anticipate receiving approval, there can be no assurance that our application for quotation
will be approved. In the event our application is approved, we will need to comply with ongoing reporting requirements.</P>

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

<P STYLE="margin: 0; text-align: justify">Our common stock may never be quoted on an
over-the-counter marketplace or, even if quoted, a liquid or viable market may not materialize. There can be no assurance that
an active trading market for our shares will develop, or, if developed, that it will be sustained.</P>

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

<P STYLE="margin: 0; text-align: justify">As of March 31, 2015, there were approximately
48 holders of record of the Company&rsquo;s common stock.</P>

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

<P STYLE="margin: 0; text-align: justify">As of March 31, 2015, 500,000,000 shares of
common stock, no par value per share, and 20,000,000 shares of preferred stock, no par value per share, were authorized. As of
March 31, 2015, there were 35,750,000 shares of common stock issued and outstanding and no shares of preferred stock issued and
outstanding.</P>

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

<P STYLE="margin: 0; text-align: justify">As of March 31, 2015, 27,785,919 shares of our common stock were subject to convertible
notes or warrants to purchase our common stock. 750,000 shares of our common stock were restricted subject to vesting; 200,000
shares of common stock issuable upon the exercise of options which had not vested as of the date of this report and will not vest
within 60 days and/or contain performance-based vesting conditions, are not covered by this report.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">DIVIDEND POLICY</P>

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

<P STYLE="margin: 0; text-align: justify">We have never paid any cash dividends on our common stock and anticipate that, for the
foreseeable future, no cash dividends will be paid on our common stock.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">CONVERTIBLE NOTES OFFERING</P>

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

<P STYLE="margin: 0; text-align: justify">On November 26, 2013, May 8, 2014 and June
25, 2014 we concluded closings of the Notes Offering of our 12% Secured Convertible Promissory Notes in the aggregate principal
amount of $4,240,100 and/or our 15% Secured Convertible Promissory Notes in the aggregate principal amount of $30,000, with the
Investors. The entire aggregate principal amount of the Notes of $4,270,100 was outstanding as of March 31, 2015, such amount
being exclusive of securities converted into the Notes separate from the Notes Offering. Pursuant to the Notes Offering, the Company
received $1,752,803, $1,400,000 and $800,500 in net proceeds on November 26, 2013, May 8, 2014 and June 25, 2014, respectively.</P>

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

<P STYLE="margin: 0; text-align: justify">In addition to the terms customarily included in such instruments, the Notes began accruing
interest on the date that each Investor submitted the principal balance of such Investor&rsquo;s Note, with the interest thereon
becoming due and payable on the one year anniversary of said date, and quarterly thereafter. Upon a default of the Notes, the
interest rate will increase by 2%. The principal balance of each Note and all unpaid interest will become due and payable twenty-four
(24) months after the date of issuance. The Notes may be prepaid with or without a penalty depending on the date of the prepayment.
The principal and interest under the Notes are convertible into shares of our common stock at $0.25 per share and are secured
by a first priority lien (subject only to an existing note with Signature Bank of Georgia on our intellectual property and all
substitutes, replacements and proceeds of such intellectual property) pursuant to the terms of a Security Purchase Agreement,
dated as of November 26, 2013, May 8, 2014 and June 25, 2014, as applicable, by and between us and each Investor.</P>

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

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<P STYLE="margin: 0; text-align: justify">Pursuant to the Notes Offering, each Investor
also received five (5) year Warrants to purchase our common stock at $0.375 per share. Investors of the 12% Notes received Warrants
with 25% coverage based on a pre-determined valuation of the Company. Investors of the 15% Notes received Warrants with 15% coverage
based on the pre-determined valuation of the Company. Investors with a principal investment amount equal to or greater than $250,000
received Warrants with Bonus Coverage; however, if an Investor previously invested $250,000 or more in the Notes Offering, such
Investor received Bonus Coverage if such Investor subsequently invested $100,000 or more in the Notes Offering. In addition to
the terms customarily included in such instruments, the Warrants may be exercised by the Investors by providing to the Company
a notice of exercise, payment and surrender of the Warrant.</P>

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

<P STYLE="margin: 0; text-align: justify">In connection with the Notes Offering, we
entered into Registration Rights Agreements, each dated as of November 26, 2013, May 8, 2014 and June 30, 2014 and each by and
between us and each of the Investors, whereby we agreed to prepare and file this Registration Statement with the SEC within sixty
(60) days after execution of the applicable Registration Rights Agreement and to have the Registration Statement declared effective
by the SEC within ninety (90) days thereafter. The Registration Statement covered shares of our common stock, including shares
of our common stock underlying the Notes, Warrants and certain other options and warrants.</P>

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

<P STYLE="margin: 0; text-align: justify">Because we were unable to file a Registration
Statement pursuant to the terms of each Registration Rights Agreements dated as of November 26, 2013 or May 8, 2014, we were in
default and subject to the Filing Default Damages under such Registration Rights Agreements. Pursuant to the Registration Rights
Agreement, the Filing Default Damages mandate that the Company shall pay to the Investors, for each thirty (30) day period of
such failure and until the filing date of the Registration Statement and/or the common stock may be sold pursuant to Rule 144,
an amount in cash, as partial liquidated damages and not as a penalty, equal to 2% percent of the aggregate gross proceeds paid
by the Investors for the Notes. If the Company fails to pay any partial liquidated damages in full within five (5) days of the
date payable, which is the Note maturity date, the Company shall pay interest thereon at a rate of 18% per annum (or such lesser
maximum amount that is permitted to be paid by applicable law) to the Investors, accruing daily from the date such partial liquidated
damages are due until such amounts, plus all such interest thereon, are paid in full.</P>

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

<P STYLE="margin: 0; text-align: justify">In addition, because we were unable to have
a Registration Statement declared effective pursuant to the terms of the Registration Rights Agreements dated as of November 26,
2013 or May 8, 2014, we were in default and subject to the Effectiveness Default Damages under such Registration Rights Agreements.
Pursuant to the Registration Rights Agreement, the Effectiveness Default Damages mandated that the interest rate due under the
Note corresponding to such Registration Rights Agreement will increase 2% above the then effective interest rate of such Note,
and shall continue to increase by 2% every 30 days until a registration statement is declared effective.</P>

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

<P STYLE="margin: 0; text-align: justify">The Company&rsquo;s Registration Statement, to which this prospectus amends and forms
a part, was first filed on August 1, 2014, and was declared effective by the SEC on October 22, 2014. The Filing Default Damages
stopped accruing on the date the Registration Statement was filed, and the Effectiveness Default Damages stopped accruing on the
date it was declared effective. As of August 1, 2014, the date the Company first filed the Registration Statement, the Filing
Default Damages to be paid by the Company to the Investors were $302,169. As of October 22, 2014, the date the Registration Statement
was declared effective, the Effectiveness Default Damages to be paid by the Company to the Investors were $78,572.</P>

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

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<P STYLE="margin: 0; text-align: justify">On December 11, 2014, the Company sent a letter to the 2013 Investors holding Notes
dated November 26, 2013 concerning the First Interest Payments scheduled to be paid pursuant to the Notes dated November 26, 2013.
The Company noted the significant progress it had made in 2014, and expressed its preference to conserve working capital to support
operations and customer orders. The Company invited the 2013 Investors to convert the First Interest Payments into shares of the
Company&rsquo;s common stock to further this purpose. The Company also asked each 2013 Investor to execute the Agreement and Waiver,
which granted the Company an Extension, deferring the Company&rsquo;s obligation to make payment of the First Interest Payment
and the Interest Due under the Note through November 26, 2014 until February 24, 2015, during which time such deferment would
not be considered an Event of Default under the 2013 Investor&rsquo;s Note. In connection with the Extension, subsequent quarterly
payments of interest will be determined based on the issuance date of each Note (i.e., November 26, 2013) rather than the date
that each 2013 Investor first submitted payment for their Note, the sole purpose and impact of this change being to reduce ongoing
costs to administer the Notes. In return for granting the Extension, we offered Additional Interest on the Interest Due at a rate
of 12%, which was convertible into shares of the Company&rsquo;s common stock at the conversion price of $0.25 per share as of
February 24, 2014, unless the 2013 Investor requested to receive the Additional Interest in cash 15 days prior to the end of the
Extension.</P>

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

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

<P STYLE="margin: 0; text-align: justify">On January 23, 2015, the Company sent the
Agreement to Convert to the Investors holding Notes dated November 26, 2013 and May 8, 2014, which constituted all Investors with
Filing Default Damages or Effectiveness Default Damages due to them pursuant to the Registration Rights Agreements dated as of
November 26, 2013 or June 30, 2014. The Company invited the Investors, as applicable, to elect to convert the Interest Due and/or
the Filing Default Damages and Effectiveness Default Damages into shares of the Company&rsquo;s common stock at a price of $0.25
per share, and asked each Investor, as applicable, to make such election by acknowledging and returning the Agreement to Convert
to the Company.</P>

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

<P STYLE="margin: 0; text-align: justify">As of March 31, 2015, twenty-five 2013 Investors
returned a signed Agreement and Waiver to the Company, resulting in Additional Interest of $6,532, three 2013 Investors refused
to sign the Agreement and Waiver, and three 2013 Investors did not respond to the Company&rsquo;s letter. One 2013 Investor elected
to receive the Additional Interest in cash, and the remaining 2013 Investors who signed the Agreement and Waiver agreed to receive
a total of 25,753 shares of the Company&rsquo;s common stock in exchange for Additional Interest totaling $6,435.</P>

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

<P STYLE="margin: 0; text-align: justify">As of March 31, 2015, out of thirty-four Investors
who received an Agreement to Convert, twenty Investors elected to convert the Interest Due, the Filing Default Damages and the
Effectiveness Default Damages into shares of the Company&rsquo;s common stock, six Investors elected to receive cash rather than
convert, and eight Investors did not respond to the Company&rsquo;s invitation. As a consequence, the Company will issue 1,575,490
shares of its common stock to accepting Investors in exchange for Interest Due, Filing Default Damages and Effectiveness Default
Damages totaling $393,872.</P>

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

<P STYLE="margin: 0; text-align: justify">Based on responcses received through March 31, 2015, the Company has issued or
will issue 1,601,243 shares of its common stock to Investors in exchange for Additional Interest, Interest Due,
Filing Default Damages and Effectiveness Default Damages totaling $400,310.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold"></P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">SELLING SHAREHOLDERS</P>

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

<P STYLE="margin: 0; text-align: justify">The following table provides information about
each selling shareholder including how many shares of our common stock they owned as of March 31, 2015, how many shares are offered
for sale by this prospectus, and the number and&nbsp;percentage of outstanding shares each selling shareholder will own after
this Offering, assuming all shares covered by this prospectus are sold.&nbsp;&nbsp;Except as disclosed in this prospectus, none
of the selling shareholders have had any position, office, or material relationship with us or our affiliates within the past
three years. The information concerning beneficial ownership has been taken from our stock transfer records and information provided
by the selling shareholders.&nbsp;&nbsp;Information concerning the selling shareholders may change from time to time, and any
changed information will be set forth if and when required in prospectus supplements or other appropriate forms permitted to be
used by the SEC.</P>

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

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

<P STYLE="margin: 0; text-align: justify">We do not know when or in what amounts a selling
shareholder may offer shares for sale. The selling shareholders may not sell any or all of the shares offered by this prospectus.
Because the selling shareholders may offer all or some of the shares, and because there are currently no agreements, arrangements
or understandings with respect to the sale of any of the shares, we cannot estimate the number of the shares that will be held
by the selling shareholders after completion of this Offering.&nbsp;&nbsp;However, for purposes of this table, we have assumed
that, after completion of this Offering, all of the shares covered by this prospectus will be sold by the selling shareholder.</P>

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

<P STYLE="margin: 0; text-align: justify">Unless otherwise indicated, the selling shareholders
have sole voting and investment power with respect to their shares of common stock.&nbsp;&nbsp;All of the information contained
in the table below is based upon information provided to us by the selling shareholders, and we have not independently verified
this information.&nbsp;&nbsp;The selling shareholders may have sold, transferred or otherwise disposed of, or may sell, transfer
or otherwise dispose of, at any time or from time to time since the date on which it provided the information regarding the shares
beneficially owned, all or a portion of the shares beneficially owned in transactions exempt from the registration requirements
of the Securities Act.</P>

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

<P STYLE="margin: 0; text-align: justify">The number of shares outstanding and the percentages
of beneficial ownership are based on 35,750,000 shares of our common stock issued and outstanding as of March 31, 2015.&nbsp;&nbsp;For
the purposes of the following table, the number of shares common stock beneficially owned has been determined in accordance with
Rule 13d-3 under the Exchange Act, and such information is not necessarily indicative of beneficial ownership for any other purpose.&nbsp;&nbsp;Under
Rule 13d-3, beneficial ownership includes any shares as to which a selling shareholder has sole or shared voting power or investment
power and also any shares which that selling shareholder has the right to acquire within 60 days of the date of this prospectus
through the exercise of any stock option, warrant or other rights.</P>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif">Name</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Number&nbsp;of securities beneficially
                                                                               owned&nbsp;before Offering</P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Number of securities to be
                                                                               offered</P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.7pt; text-align: center">Number&nbsp;of
                                                                               securities owned after Offering</P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 8.1pt; text-align: center">Percentage&nbsp;of
                                                                   securities beneficially owned after Offering</P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 18%; text-align: left; padding-left: 5.75pt">Dov Shiff (1)</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 16%; text-align: right">13,249,598</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 16%; text-align: right">13,249,598</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 17%; text-align: right">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">KRNB Holdings LLC (2)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,003,969</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,003,969</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Motek 7 SQL, LLC (3)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,771,566</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,771,566</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: White; vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">David S. Nagelberg 2003 Revocable Trust DTD 7/2/03 (4)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>3,300,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>3,300,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">James R. Hills (5)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,454,901</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,454,901</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">250,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">*%</TD></TR>
<TR STYLE="text-align: right; background-color: White; vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">Dutchess Opportunity Fund II LP (6)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>2,400,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>2,400,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: rgb(204,238,255); vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">Harry Mittelman Revocable Living Trust (7)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>2,310,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>2,310,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: White; vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">XLR-8 (Delaware) LLC (8)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>2,150,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>2,150,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: rgb(204,238,255); vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">Safety Investors 2014, LLC (9)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>1,650,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>1,650,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Israel Kaminsky</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,484,313</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,484,313</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Thomas Ridge (10)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,225,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,225,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: White; vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">Grannus Financial Advisors (11)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>1,000,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>1,000,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: rgb(204,238,255); vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">Equity Trust Company FBO Andrew Alexander Feldman Roth IRA (12) (51)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>900,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>900,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: White; vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">Investment 2013, LLC (13)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>970,669</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>970,669</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: rgb(204,238,255); vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">301 Office Ventures, LLC (14)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>875,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>875,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: White; vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">Equity Trust Company FBO Elliott L. Messing Roth IRA (15) (51)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>825,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>825,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: rgb(204,238,255); vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">Enterprise 2013, LLC (16)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>762,254</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>762,254</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: White; vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">Donald Wright (17) (51)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>660,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>660,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: rgb(204,238,255); vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">Jacob Steinmetz</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>576,762</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>576,762</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Chris Davis (18)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">500,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">500,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: rgb(204,238,255); vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">Eugene W. Kelly (19)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>500,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>500,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt; vertical-align: top">John W. Kelly (20)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">500,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">500,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: rgb(204,238,255); vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">Konrad Habsburg (21)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>500,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>500,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 29 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt; width: 18%">Michael Perillo (22)</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 16%">500,000</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 16%">500,000</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 15%">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 17%">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Serge Kremer (23)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">500,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">500,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Tariq Masood (24)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">500,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">500,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: rgb(204,238,255); vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">Ryan A. Engh (25) (51)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>495,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>495,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 5.75pt">Gidon Shem-Tov</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">356,235</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">356,235</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: rgb(204,238,255); vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">The Feldman Family Trust (26) (51)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>330,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>330,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Eran Guzi (27)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">304,902</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">304,902</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Keith Kurland (28)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">304,902</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">304,902</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: White; vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">Laurie Satanosky (29)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>304,902</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>304,902</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt; vertical-align: top">Noga Solovey (30)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">304,902</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">304,902</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Dennis Sevel (31)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">304,902</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">304,902</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Phillips Peter (32)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">300,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">300,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: White; vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">Clive Anthony Caunter (33)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>250,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>250,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: rgb(204,238,255); vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">David Scher and Tatiana Scher (34)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>250,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>250,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Dirk Horn (35)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">250,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">250,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: rgb(204,238,255); vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">Dutchess Global Strategies Fund LLC (36)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>250,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>250,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: White; vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">Judith F. Krandel (37)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>250,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>250,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Ami Kohen</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">200,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">200,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">John H. Blair III (38)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">200,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">200,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Nisim Farchi</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">175,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">175,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: White; vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">Reuven Arie Shomrat</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>175,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>175,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: rgb(204,238,255); vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">Elliott L. Messing Revocable Trust u/a/d June 12, 2008 (39) (51)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>165,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>165,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: White; vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">Equity Trust Company FBO Lisa Marco Messing Roth IRA (40) (51)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>165,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>165,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: rgb(204,238,255); vertical-align: top">
    <TD STYLE="padding-left: 5.75pt">Ian Messing (41) (51)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>165,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>165,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: White; vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">Natasha Feldman (42) (51)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>165,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>165,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Avishay Rubin</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">152,451</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">152,451</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">The Nikko Trust (43)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">150,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">150,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Igal Marom</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">127,227</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">127,227</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Debra Shore (44)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">125,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">125,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: rgb(204,238,255); vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">Gregory J. Attorli and Debra Shore JTWROS (45)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>125,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>125,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: White; vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">Christopher Lahiji (46)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>100,500</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>100,500</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">David Usha</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">100,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">100,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt"></TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt; width: 18%">Murray Lee</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 16%">100,000</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 16%">100,000</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 15%">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 17%">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Patty Barron</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">100,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">100,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Patricia Kohen</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">100,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">100,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt"></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="text-align: right; background-color: rgb(204,238,255); vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; width: 18%; text-align: left; vertical-align: top">R. Michael Stunden (47)</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 16%">92,000</TD><TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 16%">92,000</TD><TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 15%">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 17%">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Carol Morton (48)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">46,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">46,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Adam Feren</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Ayal Bitton</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: rgb(204,238,255); vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">Big Hit Exploration, LLC (49)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>20,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>20,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Harriet Rosenberg</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Henry Garofalo</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Irene Schuster</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Kelsi Rosneberg</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Lori Feren</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Murray Reffsin</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Pamela Siegelaub</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: rgb(204,238,255); vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">Robert &amp; Arlene Feldman</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>20,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>20,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Robert Wald</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: rgb(204,238,255); vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">Tramel Exploration, LLC (50)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>20,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>20,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Jacob Nagar</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,964</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,964</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Max Rosenberg</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Betsy Siegelaub</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">John Lawrence Sr.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Karen Lippman</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Marc Siegelaub</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&ndash;%</TD></TR>
<TR STYLE="text-align: right; background-color: White; vertical-align: top">
    <TD STYLE="padding-left: 5.75pt; text-align: left; vertical-align: top">Veronica &amp; Bradon Godfrey</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>10,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>10,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&ndash;%</TD></TR>
</TABLE>



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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(1)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 13,249,598 shares of common stock include (i) 8,959,598 shares of common stock
owned by Mr. Dov Shiff, (ii) 1,690,000 shares of common stock issuable upon exercise of warrants issued pursuant to the Notes
Offering and (iv) 2,600,000 shares of common stock issuable upon conversion of the Notes issued pursuant to the Notes Offering.
Pursuant to the terms of a Lock-Up and Leak Out Agreement, dated as of November 13, 2013, by and between the Company and Mr. Dov
Shiff, Mr. Shiff has agreed to lock up 8,959,598 of his shares of common stock for a period of twenty-four (24) months after the
effectiveness of the agreement, ending November 12, 2015, and pursuant to the terms thereof. However, as of October 1, 2014 and
until the end of the lock-up period, Mr. Shiff may sell shares of his common stock of the Company if the price per share is not
less than $0.25 per share; provided, however, that if the price per share is between $0.25 and $0.50, $0.51 and $1.00, or $1.01
and $2.00, Mr. Shiff may only sell shares of common stock in an aggregate amount up to 4%, 6% or 8% of the weekly volume of our
common stock, respectively, rounded up to the nearest one hundred (100) shares.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(2)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Mr. Rani Kohen, as Manager of KRNB Holdings LLC, has voting power and dispositive
control over these shares. Pursuant to the terms of a Lock-Up and Leak Out Agreement, dated as of November 15, 2013, by and between
the Company and Mr. Rani Kohen, Mr. Rani Kohen has agreed to lock up all 8,003,969 of KRNB Holdings LLC&rsquo;s shares of common
stock for a period of twenty-four (24) months after the effectiveness of the agreement, ending November 14, 2015, and pursuant
to the terms thereof. However, upon the effectiveness of the Registration Statement and until the end of the lock-up period, KRNB
Holdings LLC may sell shares of its common stock of the Company if the price per share is not less than $0.25 per share; provided,
however, that if the price per share is between $0.25 and $0.50, $0.51 and $1.00, or $1.01 and $2.00, KRNB Holdings LLC may only
sell shares of common stock in an aggregate amount up to 2%, 3% or 4% of the weekly volume of our common stock, respectively,
rounded up to the nearest one hundred (100) shares.</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">(3)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Mr. Hillel Bronstein, as Manager of Motek 7 SQL LLC, has voting power and dispositive
control over these shares. Pursuant to the terms of a Lock-Up and Leak Out Agreement, dated as of November 13, 2013, by and between
the Company and Motek 7 SQL LLC, Motek 7 SQL LLC has agreed to lock up all 7,771,566 of its shares of common stock for a period
of twenty-four (24) months after the effectiveness of the agreement, ending November 12, 2015, and pursuant to the terms thereof.
However, upon the effectiveness of the Registration Statement and until the end of the lock-up period, Motek 7 SQL LLC may sell
shares of its common stock of the Company if the price per share is not less than $0.25 per share; provided, however, that if
the price per share is between $0.25 and $0.50, $0.51 and $1.00, or $1.01 and $2.00, Motek 7 SQL LLC may only sell shares of common
stock in an aggregate amount up to 1%, 1.5% or 2% of the weekly volume of our common stock, respectively, rounded up to the nearest
one hundred (100) shares.</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">(4)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">David S. Nagelberg, as Trustee, has voting power and dispositive control over these
shares. The 3,300,000 shares of common stock include (i) 1,300,000 shares of common stock issuable upon exercise of warrants issued
pursuant to the Notes Offering and (ii) 2,000,000 shares of common stock issuable upon conversion of the Notes issued pursuant
to the Notes Offering.</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">(5)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 2,454,901 shares of common stock include (i) 730,818 shares of common stock owned
by Mr. James R. Hills, (ii) 74,083 shares of common stock issuable upon exercise of certain warrants owned by Mr. James R. Hills,
(iii) 650,000 shares of common stock issuable upon exercise of warrants issued pursuant to the Notes Offering and (iv) 1,000,000
shares of common stock issuable upon conversion of the Notes issued pursuant to the Notes Offering. Subsequent to this Offering
and the effectiveness of this Registration Statement on October 22, 2014, the Company issued directly to Mr. Hills an additional
250,000 shares of common stock in connection with the Hills Agreement, as further described in subsection &ldquo;Employment Agreements&rdquo;
to the section &ldquo;Executive Compensation&rdquo; beginning on page 51 of this prospectus.</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">(6)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Each of Mr. Michael Novielli and Mr. Douglas Leighton, as Managing Partners of Dutchess
Opportunity Fund II LP, has voting power and dispositive control over these shares. The 2,400,000 shares of common stock include
(i) 1,400,000 shares of common stock owned by Dutchess Opportunity Fund II LP, (ii) 200,000 shares of common stock issuable upon
exercise of warrants issued pursuant to the Notes Offering and (iii) 800,000 shares of common stock issuable upon conversion of
the Notes issued pursuant to the Notes Offering. Pursuant to the terms of a Lock-Up and Leak Out Agreement, dated as of November
12, 2013, by and between the Company and Dutchess Opportunity Fund II LP, Dutchess Opportunity Fund II LP has agreed to lock up
1,400,000 of its shares of common stock for a period of twenty-four (24) months after the effectiveness of the agreement, ending
November 11, 2015, and pursuant to the terms thereof. However, upon the effectiveness of the Registration Statement and until
the end of the lock-up period, Dutchess Opportunity Fund II LP may sell shares of its common stock of the Company if the price
per share is not less than $0.25 per share; provided, however, that if the price per share is between $0.25 and $0.50, $0.51 and
$1.00, or $1.01 and $2.00, Dutchess Opportunity Fund II LP may only sell shares of common stock in an aggregate amount up to 2%,
3% or 4% of the weekly volume of our common stock, respectively, rounded up to the nearest one hundred (100) shares.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(7)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Mr. Harry Mittelman, as Trustee, has voting power and dispositive control over these
shares. The 2,310,000 shares of common stock include (i) 910,000 shares of common stock issuable upon exercise of warrants issued
pursuant to the Notes Offering and (ii) 1,400,000 shares of common stock issuable upon conversion of the Notes issued pursuant
to the Notes Offering.</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">(8)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Mr. Robert L. Nardelli, as the Managing Member of XLR-8 (Delaware) LLC, has voting
power and dispositive control over these shares. The 2,150,000 shares of common stock include (i) 750,000 shares of common stock
issuable upon exercise of warrants issued pursuant to the Notes Offering and (ii) 1,400,000 shares of common stock issuable upon
conversion of the Notes issued pursuant to the Notes Offering.</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">(9)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Mr. Steven Siegelaub, as the Managing Member of Safety Investors 2014, LLC, has voting
power and dispositive control over these shares. The 1,650,000 shares of common stock include (i) 650,000 shares of common stock
issuable upon exercise of warrants issued pursuant to the Notes Offering and (iii) 1,000,000 shares of common stock issuable upon
conversion of the Notes issued pursuant to the Notes Offering.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(10)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 1,225,000 shares of common stock include (i) 875,000 shares of common stock owned
by Mr. Thomas Ridge, (ii) 100,000 shares of common stock issuable upon exercise of certain options owned by Mr. Thomas Ridge,
(iii) 50,000 shares of common stock issuable upon exercise of warrants issued pursuant to the Notes Offering and (iv) 200,000
shares of common stock issuable upon conversion of the Notes issued pursuant to the Notes Offering.</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">(11)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Mr. Joseph M. Zappulla, as the President of Grannus Financial Advisors, Inc., has
voting power and dispositive control over these shares. Pursuant to the terms of a Lock-Up and Leak Out Agreement, dated as of
November 15, 2013, by and between the Company and Grannus Financial Advisors, Inc., Grannus Financial Advisors, Inc. has agreed
to lock up all 1,000,000 of its shares of common stock for a period of twenty-four (24) months after the effectiveness of the
agreement, ending November 14, 2015, and pursuant to the terms thereof. However, upon the effectiveness of the Registration Statement
and until the end of the lock-up period, Grannus Financial Advisors, Inc. may sell shares of its common stock if the price per
share is not less than $0.25 per share; provided, however, that if the price per share is between $0.25 and $0.50, $0.51 and $1.00,
or $1.01 and $2.00, Grannus Financial Advisors, Inc. may only sell shares of common stock in an aggregate amount up to 2%, 3%
or 4% of the weekly volume of our common stock, respectively, rounded up to the nearest one hundred (100) shares.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(12)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Mr. Andrew Feldman has voting power and dispositive control over these shares. The
990,000 shares of common stock include (i) 390,000 shares of common stock issuable upon exercise of warrants issued pursuant to
the Notes Offering and (ii) 600,000 shares of common stock issuable upon conversion of the Notes issued pursuant to the Notes
Offering.</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">(13)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Mr. Steven Siegelaub, as the Managing Member of Investment 2013, LLC, has voting power
and dispositive control over these shares. The 970,669 shares of common stock include (i) 194,134 shares of common stock issuable
upon exercise of warrants issued pursuant to the Notes Offering and (iii) 776,535 shares of common stock issuable upon conversion
of the Notes issued pursuant to the Notes Offering.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(14)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Mr. Steven Siegelaub, as the Managing Member of 301 Office Ventures, LLC, has voting
power and dispositive control over these shares. Pursuant to the terms of a Lock-Up and Leak Out Agreement, dated as of November
15, 2013, by and between the Company and 301 Office Ventures, LLC, 301 Office Ventures, LLC has agreed to lock up all 875,000
of its shares of common stock for a period of twenty-four (24) months after the effectiveness of the agreement, ending November
14, 2015, and pursuant to the terms thereof. However, upon the effectiveness of the Registration Statement and until the end of
the lock-up period, 301 Office Ventures, LLC may sell shares of its common stock if the price per share is not less than $0.25
per share; provided, however, that if the price per share is between $0.25 and $0.50, $0.51 and $1.00, or $1.01 and $2.00, 301
Office Ventures, LLC may only sell shares of common stock in an aggregate amount up to 1%, 1.5% or 2% of the weekly volume of
our common stock, respectively, rounded up to the nearest one hundred (100) shares.</TD>
</TR></TABLE>

<P STYLE="font: 0pt Times New Roman, Times, Serif ew Roman, Times, Serif imes, Serif 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(15)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Mr. Elliott L. Messing has voting power and dispositive control over these shares.
The 825,000 shares of common stock include (i) 325,000 shares of common stock issuable upon exercise of warrants issued pursuant
to the Notes Offering and (ii) 500,000 shares of common stock issuable upon conversion of the Notes issued pursuant to the Notes
Offering.</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">(16)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Mr. Steven Siegelaub, as the Managing Member of Enterprise 2013, LLC, has voting power
and dispositive control over these shares. The 762,254 shares of common stock include (i) 577,046 shares of common stock owned
by Enterprise 2013, LLC and (ii) 185,208 shares of common stock issuable upon exercise of certain warrants owned by Enterprise
2013, LLC.</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">(17)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 660,000 shares of common stock include (i) 260,000 shares of common stock issuable
upon exercise of warrants issued pursuant to the Notes Offering and (ii) 400,000 shares of common stock issuable upon conversion
of the Notes issued pursuant to the Notes Offering.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(18)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 500,000 shares of common stock include (i) 100,000 shares of common stock issuable
upon exercise of warrants issued pursuant to the Notes Offering and (ii) 400,000 shares of common stock issuable upon conversion
of the Notes issued pursuant to the Notes Offering.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(19)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 500,000 shares of common stock include (i) 100,000 shares of common stock issuable
upon exercise of warrants issued pursuant to the Notes Offering and (ii) 400,000 shares of common stock issuable upon conversion
of the Notes issued pursuant to the Notes Offering.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(20)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 500,000 shares of common stock include (i) 100,000 shares of common stock issuable
upon exercise of warrants issued pursuant to the Notes Offering and (ii) 400,000 shares of common stock issuable upon conversion
of the Notes issued pursuant to the Notes Offering.</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">(21)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 500,000 shares of common stock include (i) 100,000 shares of common stock issuable
upon exercise of warrants issued pursuant to the Notes Offering and (ii) 400,000 shares of common stock issuable upon conversion
of the Notes issued pursuant to the Notes Offering.</TD>
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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(22)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 500,000 shares of common stock include (i) 100,000 shares of common stock issuable
upon exercise of warrants issued pursuant to the Notes Offering and (ii) 400,000 shares of common stock issuable upon conversion
of the Notes issued pursuant to the Notes Offering.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(23)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 500,000 shares of common stock include (i) 100,000 shares of common stock issuable
upon exercise of warrants issued pursuant to the Notes Offering and (ii) 400,000 shares of common stock issuable upon conversion
of the Notes issued pursuant to the Notes Offering.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(24)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 500,000 shares of common stock include (i) 100,000 shares of common stock issuable
upon exercise of warrants issued pursuant to the Notes Offering and (ii) 400,000 shares of common stock issuable upon conversion
of the Notes issued pursuant to the Notes Offering.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(25)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 495,000 shares of common stock include (i) 195,000 shares of common stock issuable
upon exercise of warrants issued pursuant to the Notes Offering and (ii) 300,000 shares of common stock issuable upon conversion
of the Notes issued pursuant to the Notes Offering.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(26)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Both Mr. Andrew Feldman and Mrs. Jeri Feldman, as Trustees, have voting power and
dispositive control over these shares. The 330,000 shares of common stock include (i) 130,000 shares of common stock issuable
upon exercise of warrants issued pursuant to the Notes Offering and (ii) 200,000 shares of common stock issuable upon conversion
of the Notes issued pursuant to the Notes Offering.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(27)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 304,902 shares of common stock include (i) 230,819 shares of common stock owned
by Mr. Eran Guzi and (ii) 74,083 shares of common stock issuable upon exercise of the certain warrants owned by Mr. Eran Guzi.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(28)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 304,902 shares of common stock include (i) 230,819 shares of common stock owned
by Mr. Keith Kurland and (ii) 74,083 shares of common stock issuable upon the exercise of certain warrants owned by Mr. Keith
Kurland.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(29)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 304,902 shares of common stock include (i) 230,818 shares of common stock owned
by Ms. Laurie Satanosky and (ii) 74,084 shares of common stock issuable upon the exercise of certain warrants owned by Ms. Laurie
Satanosky.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(30)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 304,902 shares of common stock include (i) 230,818 shares of common stock owned
by Ms. Noga Solovey and (ii) 74,084 shares of common stock issuable upon the exercise of certain warrants owned by Ms. Noga Solovey.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(31)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 304,902 shares of common stock include (i) 230,819 shares of common stock owned
by Mr. Dennis Sevel and (ii) 74,083 shares of common stock issuable upon the exercise of certain warrants owned by Mr. Dennis
Sevel.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(32)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 300,000 shares of common stock include (i) 200,000 shares of common stock owned
by Mr. Phillips Peter and (ii) 100,000 shares of common stock issuable upon exercise of the certain options owned by Mr. Phillips
Peter.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(33)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 250,000 shares of common stock include (i) 50,000 shares of common stock issuable
upon exercise of warrants issued pursuant to the Notes Offering and (ii) 200,000 shares of common stock issuable upon conversion
of the Notes issued pursuant to the Notes Offering.</TD>
</TR></TABLE>

<P STYLE="font: 0pt Times New Roman, Times, Serif ew Roman, Times, Serif imes, Serif 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(34)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 250,000 shares of common stock include (i) 50,000 shares of common stock issuable
upon exercise of warrants issued pursuant to the Notes Offering and (ii) 200,000 shares of common stock issuable upon conversion
of the Notes issued pursuant to the Notes Offering.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(35)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 250,000 shares of common stock include (i) 50,000 shares of common stock issuable
upon exercise of warrants issued pursuant to the Notes Offering and (ii) 200,000 shares of common stock issuable upon conversion
of the Notes issued pursuant to the Notes Offering.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(36)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Mr. Michael Novielli, as the sole owner and controlling member of Dutchess Global
Strategies Fund LLC, has sole voting power and dispositive control over these shares. The 250,000 shares of common stock include
(i) 50,000 shares of common stock issuable upon exercise of warrants issued pursuant to the Notes Offering and (ii) 200,000 shares
of common stock issuable upon conversion of the Notes issued pursuant to the Notes Offering.</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">(37)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 250,000 shares of common stock include (i) 50,000 shares of common stock issuable
upon exercise of warrants issued pursuant to the Notes Offering and (ii) 200,000 shares of common stock issuable upon conversion
of the Notes issued pursuant to the Notes Offering.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(38)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 200,000 shares of common stock include (i) 40,000 shares of common stock issuable
upon exercise of warrants issued pursuant to the Notes Offering and (ii) 160,000 shares of common stock issuable upon conversion
of the Notes issued pursuant to the Notes Offering.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(39)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Mr. Elliott L. Messing, as Trustee, has voting power and dispositive control over
these shares. The 165,000 shares of common stock include (i) 65,000 shares of common stock issuable upon exercise of warrants
issued pursuant to the Notes Offering and (ii) 100,000 shares of common stock issuable upon conversion of the Notes issued pursuant
to the Notes Offering.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(40)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Ms. Lisa M. Messing, has voting power and dispositive control over these shares. The
165,000 shares of common stock include (i) 65,000 shares of common stock issuable upon exercise of warrants issued pursuant to
the Notes Offering and (ii) 100,000 shares of common stock issuable upon conversion of the Notes issued pursuant to the Notes
Offering..</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(41)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 165,000 shares of common stock include (i) 65,000 shares of common stock issuable
upon exercise of warrants issued pursuant to the Notes Offering and (ii) 100,000 shares of common stock issuable upon conversion
of the Notes issued pursuant to the Notes Offering.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 4pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(42)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 165,000 shares of common stock include (i) 65,000 shares of common stock issuable
upon exercise of warrants issued pursuant to the Notes Offering and (ii) 100,000 shares of common stock issuable upon conversion
of the Notes issued pursuant to the Notes Offering.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 4pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(43)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Litrust AG, as Trustee, has voting power and dispositive control over these shares.
The 150,000 shares of common stock include (i) 30,000 shares of common stock issuable upon exercise of warrants issued pursuant
to the Notes Offering and (ii) 120,000 shares of common stock issuable upon conversion of the Notes issued pursuant to the Notes
Offering.</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">(44)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 125,000 shares of common stock include (i) 25,000 shares of common stock issuable
upon exercise of the warrants issued pursuant to the Notes Offering and (ii) 100,000 shares of common stock issuable upon conversion
of the Notes issued pursuant to the Notes Offering.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 4pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(45)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Mr. Gregory Attori and Mrs. Debra Shore have voting power and dispositive control
over these shares. The 125,000 shares of common stock include (i) 25,000 shares of common stock issuable upon exercise of the
warrants issued pursuant to the Notes Offering and (ii) 100,000 shares of common stock issuable upon conversion of the Notes issued
pursuant to the Notes Offering.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 4pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(46)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 100,500 shares of common stock include (i) 20,100 shares of common stock issuable
upon exercise of warrants issued pursuant to the Notes Offering and (ii) 80,400 shares of common stock issuable upon conversion
of the Notes issued pursuant to the Notes Offering.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 4pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(47)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 92,000 shares of common stock include (i) 12,000 shares of common stock issuable
upon exercise of warrants issued pursuant to the Notes Offering and (ii) 80,000 shares of common stock issuable upon conversion
of the Notes issued pursuant to the Notes Offering.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 4pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(48)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 46,000 shares of common stock include (i) 6,000 shares of common stock issuable
upon exercise of the warrants issued pursuant to the Notes Offering and (ii) 40,000 shares of common stock issuable upon conversion
of the Notes issued pursuant to the Notes Offering.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 4pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(49)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Mr. Steven Golding, as Manager of Big Hit Exploration, LLC, has voting power and dispositive
control over these shares.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 4pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(50)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Mr. Martin Thirer and Ms. Meg Thirer, as Managers of Tramel Exploration, LLC, have
voting power and dispositive control over these shares.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(51)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">On December 5, 2014, upon instruction from the members of Droplight, LLC, Notes and
Warrants held in the name of Droplight, LLC were cancelled and replaced with Notes and Warrants on the same terms, issued into
the names of each of the members of Droplight, LLC in proportion to such member&rsquo;s interest in Droplight, LLC. The aggregate
number of shares of common stock issuable upon exercise of the Warrants and upon conversion of the Notes issued on December 5,
2014 is the same as the number of shares issuable upon the exercise of the cancelled Notes and Warrants held in the name of Droplight,
LLC.</TD>
</TR></TABLE>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 1.5in 0 112.5pt; text-align: center"></P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">MANAGEMENT&rsquo;S DISCUSSION
AND ANALYSIS OF FINANCIAL</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">CONDITION AND RESULTS OF OPERATIONS</P>

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

<P STYLE="margin: 0; text-align: justify"><B><U>Overview</U></B></P>

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

<P STYLE="margin: 0; text-align: justify">You should read the following discussion and
analysis in conjunction with our financial statements and related notes contained elsewhere in this prospectus. This discussion
contains forward-looking statements that involve risks, uncertainties, and assumptions. Our actual results may differ materially
from those anticipated in these forward-looking statements as a result of a variety of factors, including those set forth under
Risk Factors.</P>

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

<P STYLE="margin: 0; text-align: justify">Safety Quick Light LLC was incorporated in
the State of Florida on May 14, 2004. On November 6, 2012, the company&rsquo;s board of directors converted Safety Quick Light
LLC into Safety Quick Lighting &amp; Fans Corp. We are a company engaged in the business of developing proprietary technology
that enables a quick and safe installation by the use of a power plug for electrical fixtures, such as light fixtures and ceiling
fans, into ceiling and wall electrical junction boxes.</P>

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

<P STYLE="margin: 0; text-align: justify">Safety Quick Light LLC began marketing the
SQL Technology in 2007 for installation of light fixtures and ceiling fans during manufacturing and as a kit for installing the
SQL Technology in existing light fixtures and ceiling fans. Our management team determined that it could improve its gross margins
if it were to market light fixtures and ceiling fans with its plug technology already installed on fixtures instead of marketing
the SQL Technology as an add-on device. To implement this New Business Model, during the first quarter of 2010, the Company&rsquo;s
management discontinued marketing the SQL Technology as an add-on device; however, existing orders were honored through 2010 and
2011, resulting in revenues and other financial activity in 2012, as reflected in our management&rsquo;s discussion below.</P>

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

<P STYLE="margin: 0; text-align: justify">Company management then took the next step
in furtherance of its New Business Model and sought the endorsement of the SQL Technology from GE. During 2010 and 2011, GE tested
the SQL Technology and in June 2011, GE and SQL Lighting &amp; Fans, LLC, a subsidiary of the Company, entered into the License
Agreement, a trademark licensing agreement under which SQL Lighting &amp; Fans, LLC was licensed to use the GE monogram logo on
its devices and certain other trademarks on its ceiling fans and light fixtures through December 31, 2017. The License Agreement
requires the Company to pay a percent of revenue generated on our products using the GE monogram logo as a license fee, including
a minimum license fee payment during the term. The License Agreement was amended in April 2013 to extend its term through December
31, 2017 and to revise the required minimum license fees, and in July 2014 to remove minimum license fees for 2014. The License
Agreement was further amended in August 2014 to (i) establish the contract year as beginning on December 1 and ending on November
31 (a &ldquo;Contract Year&rdquo;), (ii) extend the term through November 30, 2018, (iii) provide that no royalties were due for
the period prior to 2013, (iv) provide that royalties of $400,000 were due for the period from January 1, 2013 through November
30, 2013, (v) set forth a new royalty calculation beginning December 1, 2013 and continuing through the term of the License Agreement
based on a tiered percentage of net sales in each Contract Year, and (vi) provide that the Company must pay to GE a royalty minimum
of $12,000,000 in the aggregate during the term of the License Agreement.</P>

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

<P STYLE="margin: 0; text-align: justify">In furtherance of our New Business Model,
the Company has taken other steps, including the development of trade distribution channels with key retailers, corporate restructuring,
establishing and obtaining authorizations for our third party manufacturers to produce the SQL Technology, and raising the necessary
capital resources to fully implement its New Business Model. For additional information, see &ldquo;Our History and New Business
Model&rdquo; in the Prospectus Summary and the section titled &ldquo;Business,&rdquo; found on pages 1 and 43 of this prospectus,
respectively.</P>

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

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

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<P STYLE="margin: 0; text-align: justify"><B><U>Results of Operations</U></B></P>

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

<P STYLE="margin: 0; text-align: justify"><B>Year Ended December 31, 2014 compared to the Year Ended December
31, 2013</B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="7" STYLE="text-align: center; font-weight: bold">For the years ended</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">December 31, 2014</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">December 31, 2013</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">$ Change</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">% Change</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 40%">Revenue</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">0</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">Cost of sales</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Gross loss</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">General and administrative expenses</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,799,696</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,401,435</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,398,261</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">242</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Loss from Operations</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4,799,696</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,401,435</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,398,261</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">242</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other Income / (Expense)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,005,053</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,206,333</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(798,720</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">66</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Net Loss</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(6,804,749</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(2,607,768</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(4,196,981</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">161</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Net loss per share - basic and diluted</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(0.20</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(0.08</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>


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

<P STYLE="margin: 0; text-align: justify"><B><I>Revenue</I></B></P>

<P STYLE="margin: 0; text-align: justify">The Company had no revenue in 2014 or 2013
because it was transitioning to the New Business model.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Cost of Sales</I></B></P>

<P STYLE="margin: 0; text-align: justify">The Company had no costs of sales in 2014
and 2013 due to the absence of revenue.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Gross Profit</I></B></P>

<P STYLE="margin: 0; text-align: justify">The Company did not have any sales or cost
of sales in 2014 and 2013. As a result there was not gross profit or loss.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>General and Administrative Expenses
</I></B></P>

<P STYLE="margin: 0; text-align: justify">General and administrative expense increased
$3,398,261 to $4,799,696 in 2014 from $1,401,435 in 2013.</P>

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

<P STYLE="margin: 0; text-align: justify">The increases in the general and administrative
expenses were due to the following significant items:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">$2,000,000 increase in the amount recorded for the GE License Agreement.</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">$381,000 in penalty payments to bondholders for failure to register the shares in
accordance with the Notes.</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">$334,000 increase in payroll expense, in 2013 some key employees were not paid for
most of the year.</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">$255,000 increase in consulting expenses associated with activities as a public company.</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">$122,000 increase in China operational expenses as the Company went through the GE
approval process.</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">$112,000 increase in accounting expenses driven by additional requirements for a public
company.</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">$90,000 increase in rent for facilities related to the opening of a corporate office.</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">$63,000 increase in marketing expenses as associated with the SQL Technology.</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">$48,000 increase in travel expenses due to trips to China and investor relation activities.</TD>
</TR></TABLE>



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

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

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

<P STYLE="margin: 0; text-align: justify">Further, decreases in certain items of G&amp;A
expenses were attributable to the following:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">$170,000 decrease in option expense, no additional options were issued in 2014.</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">$60,000 decrease in management fees, reflecting a move to salaried positions.</TD>
</TR></TABLE>



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

<P STYLE="margin: 0; text-align: justify"><B><I>Loss from Operations</I></B></P>

<P STYLE="margin: 0; text-align: justify">Loss from operations represents the change
in general and administrative expenses since the Company had no gross profit.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Other Income (Expense)</I></B></P>

<P STYLE="margin: 0; text-align: justify">Total other expenses increased approximately
$759,168 to $1,965,196 in 2014 from $1,206,000 in 2013.</P>

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

<P STYLE="margin: 0; text-align: justify">The increase in other expense is due to the
following significant items:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Increase of $1,900,000 in interest expense reflecting a full years interest associated
with the November 2013 Notes and the addition of the May 2014 and June 2014 Notes.</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Decrease of $670,000 in derivative expense associated with the Notes issued in May
2014.</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Decrease of $100,000 in forgiveness of debt, associated with a 2013 transaction which
converted debt instruments to convertible notes.</TD>
</TR></TABLE>



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

<P STYLE="margin: 0; text-align: justify"><B><I>Net Loss and Net Loss per Share</I></B></P>

<P STYLE="margin: 0; text-align: justify">The Company&rsquo;s net loss and net loss
per share in 2014 was approximately ($6,805,000) and $(0.20) per share, respectively, as compared to 2013 where net loss was approximately
($2,608,000) and ($0.08) per share, respectively. Inflation did not have a material impact on operations for the years ended December
31, 2014 and 2013.</P>

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

<P STYLE="margin: 0; text-align: justify"><B>Year Ended December 31, 2013 compared to the Year Ended December
31, 2012</B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="text-align: center"><FONT STYLE="font-size: 9pt">For the years ended</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">December 31, 2013</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">December 31, 2012</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">$ Change</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">% Change</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 40%">Revenue</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">77,646</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">(77,646</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">-100</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">Cost of sales</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(85,899</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">85,899</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-100</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Gross loss</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(8,253</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,253</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-100</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">General and administrative expenses</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,401,435</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">826,367</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">575,068</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">70</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Loss from Operations</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,401,435</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(834,620</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(566,815</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">68</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other Income / (Expense)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,206,333</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(35,700</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,170,633</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3279</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Net Loss</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(2,607,768</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(870,320</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(1,737,448</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">200</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Net loss per share - basic and diluted</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(0.08</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(0.03</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>


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

<P STYLE="margin: 0; text-align: justify"><B><I>Revenue</I></B></P>

<P STYLE="margin: 0; text-align: justify">Revenue decreased in 2013 to $0 from approximately $78,000 in 2012 due to the Company&rsquo;s
lack of revenue generating operations in 2013. The Company has been implementing its New Business Model to reflect a new business
direction, and thus did not generate revenue in 2013. Revenue in 2012 was derived from the Company&rsquo;s operations prior to
implementing its New Business Model.</P>

<P STYLE="margin: 0; text-align: justify"><B><I></I></B></P>

<!-- Field: Page; Sequence: 38 -->
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<P STYLE="margin: 0; text-align: justify"><B><I>Cost of Sales</I></B></P>

<P STYLE="margin: 0; text-align: justify">Cost of sales decreased
in 2013 to $0 from approximately $86,000 in 2012 due to the Company&rsquo;s lack of revenue generating operations in 2013. The
Company has been implementing its New Business Model to reflect a new business direction, and thus did not generate cost of sales
in 2013. Cost of sales in 2012 were derived from the Company&rsquo;s operations prior to implementing its New Business Model.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Gross Loss</I></B></P>

<P STYLE="margin: 0; text-align: justify">Gross loss decreased
from approximately $8,000 in 2012 to $0 in 2013. The decrease relates to the Company operating at a gross loss for product sales
in 2012 compared to no sales in 2013.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>General and
Administrative Expenses</I></B></P>

<P STYLE="margin: 0; text-align: justify">Total G&amp;A expenses
increased from approximately $826,000 in 2012 to approximately $1,401,000 in 2013.</P>

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

<P STYLE="margin: 0; text-align: justify">The primary increases
were attributable to the following:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Share based payments increased from $0 in 2012 to approximately $754,000 in 2013,
this included payments of approximately $563,000 made by existing stockholders to cover corporate expenses as well as $125,000
for a stock sign on bonus to the Company's Chief Executive Officer. The Company also expensed approximately $67,000 in stock option
grants to related parties for services rendered.</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Payment made in 2013 under the royalty and license agreement to GE. No such payments
were required in 2012.</TD>
</TR></TABLE>



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

<P STYLE="margin: 0; text-align: justify">Further, decreases
in certain items of G&amp;A expenses were attributable to the following:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Salaries, wages, travel, entertainment, China related expenses and management fees
decreased from approximately $501,000 in 2012 to approximately $102,000 in 2013. The decrease related to the Company's ongoing
operations significantly being reduced beginning in the third quarter of 2012. The Company's operations were nominal in 2013 as
its New Business Model was being developed and implemented.</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Other G&amp;A in 2012 was approximately $267,000 and decreased to approximately $66,000
in 2013. The reduction was related to the cessation of revenue generating activities since the third quarter of 2012.</TD>
</TR></TABLE>



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

<P STYLE="margin: 0; text-align: justify"><B><I>Loss from Operations</I></B></P>

<P STYLE="margin: 0; text-align: justify">Loss from operations
increased to approximately $1,401,000 in 2013 from approximately $834,000 in 2012.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Other Income
(Expense)</I></B></P>

<P STYLE="margin: 0; text-align: justify">Total other expenses
increased from approximately $36,000 in 2012 to approximately $1,206,000 in 2013.</P>

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

<P STYLE="margin: 0; text-align: justify">The primary increases
were attributable to the following:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The recording of interest expense of approximately $172,000 in 2013 as compared to
approximately $36,000 in 2012, which also includes amortization of debt issue costs and debt discount of approximately $104,000
as well as third party bank debt. The debt issue costs and debt discount are derived from the issuance of convertible debt and
warrants issued in 2013 treated as derivative liabilities. There was only bank debt related interest in 2012.</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">In 2013, the Company recorded approximately $1,156,000 of derivative expense as compared
to $0 in 2012. During 2013, the Company issued convertible debt and warrants that were treated as derivative liabilities. The
derivative expense reflected the difference in the fair value of the derivative liabilities as compared to the portion allocated
to debt discount. Derivative expense was also recorded in connection with the extinguishment of debt.</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">In 2013, the Company recorded a change in fair value of derivative liability of approximately
$34,000 compared to $0 in 2012. This change reflects the Company's fair value mark to market adjustment.</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">In 2013, the Company recorded a loss on debt extinguishment of approximately $13,000
compared to $0 in 2012. The loss was recorded in connection with the modification of third party debt from conventional debt into
convertible debt.</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">In 2013, the Company recorded a gain on debt forgiveness of $100,000 compared to $0
in 2012. The gain represented the forgiveness of third party debt.</TD>
</TR></TABLE>



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

<!-- Field: Page; Sequence: 39 -->
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<P STYLE="margin: 0; text-align: justify"></P>

<P STYLE="margin: 0; text-align: justify"><B><I>Net Loss and
Net Loss per Share</I></B></P>

<P STYLE="margin: 0; text-align: justify">The Company's net
loss and net loss per share in 2013 was approximately $2,608,000 and $0.08 per share, respectively, as compared to 2012 where
net loss was approximately $870,000 and $0.03 per share, respectively. Inflation did not have a material impact on operations
for the years ended December 31, 2013 and 2012.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><U>Interest Expense</U></B></P>

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

<P STYLE="margin: 0; text-align: justify">The following table
details the Company&rsquo;s interest expense components:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="11" STYLE="text-align: center">Year Ended December 31,</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">2014</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">2013</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">2012</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 46%; text-align: left">Interest accrued on Notes outstanding.</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 11%; text-align: right">147,191</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 11%; text-align: right">40,026</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 11%; text-align: right">4,329</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Interest on SBA loan with Signature Bank</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">21,893</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">27,274</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">31,371</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">TOTAL INTEREST EXPENSE &ndash; Notes Payable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">169,084</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">67,300</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">35,700</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Amortization of Debt Issue Cost</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">142,867</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,986</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Amortization of Debt Discount</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,827,534</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">92,304</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,139,485</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">171,590</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">35,700</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="margin: 0; text-align: justify"><B><U>Liquidity and Capital Resources</U></B></P>

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

<P STYLE="margin: 0; text-align: justify">To date, the Company has not generated sufficient
revenue to cover its operating costs and continues to operate with negative cash flow which may require it to seek additional
capital to maintain current operations. In addition, if sufficient sales growth is achieved, the Company may be required to enter
into financing arrangements to fund its working capital needs. The Company currently has no such financing commitments in place.</P>

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

<P STYLE="margin: 0; text-align: justify">For the year ended December 31, 2014 the Company
used $1,800,231 in cash for operations as compared with $685,729 used in 2013. The Company&rsquo;s increase use of cash in operations
was due to the increased operating loss of $4,196,981. This was offset by $4,510,642 in non-cash amortization expense associated
with the amortization of the GE trademark license $(2,434,783), convertible debt discount ($1,507,108), and change in derivative
expense ($568,751). This was partially offset by a change in the fair value of derivatives of $707,770. Accounts payable increased
$876,381 as compared with December 31, 2013.</P>

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

<P STYLE="margin: 0; text-align: justify">For the year ended December 31, 2014, the
Company used $168,540 in cash for investing activities as compared with $6,013 in 2013. These funds were used to purchase equipment,
primarily in China ($143,816) and to defend patents ($24,724).</P>

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

<P STYLE="margin: 0; text-align: justify">For the year ended December 31, 2014, the
Company generated $2,077,284 in cash from financing activities as compared to $1,823,980 in 2013. In 2013, the Company completed
a first closing of the Notes, generating aggregate gross proceeds of $2,000,000. In 2014, the Company issued an additional $2,270,100
in convertible Notes. These use of both offerings are primarily to fund operations.</P>

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

<P STYLE="margin: 0; text-align: justify">As a result of the above operating, investing
and financing activities, the Company generated $108,513 in cash equivalents in 2014 as compared with $1,132,974 in 2013.</P>

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

<P STYLE="margin: 0; text-align: justify">The Company had a working capital deficit
of $5,850,064 in 2014, as compared to a deficit of $1,810,104 in 2013. The deficit is primarily due to the increase in derivative
liability associated with the convertible debt.</P>

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

<P STYLE="margin: 0; text-align: justify">During 2014, the Company executed a second amendment to the GE Licensing Agreement.
Under the terms of this amendment, the Company agreed to pay GE a total of $12,000,000 by November, 2018 for the rights associated
with the GE brand. The amount will be paid from a percentage of sales in accordance with a schedule with the residual balance,
if any, due in 2018. Given the Company&rsquo;s lack of sales history associated with this agreement, the entire balance has been
classified as long-term.</P>

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

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<P STYLE="margin: 0; text-align: justify">The Company had no inventory on its balance sheet at December, 31 2014. Company
management anticipates minimal, if any inventory of its SQL Technology and ceiling and fan fixtures. Production of the SQL
Technology and fixtures will be originated upon receipt of FOB (free on board) purchase contracts from customers. Upon the
completion of each purchase contract, the finished products will be transported from the manufacturer directly to the ports
and loaded on vessels secured by the customer, upon which the products become the property of the customer. The Company
anticipates the need for a financing facility to support accounts receivable and, potentially, inventory as the need arises.
The Company does not currently have such a facility in place and there is no assurance that such a facility can be secured
when needed.</P>

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

<P STYLE="margin: 0; text-align: justify">The Company&rsquo;s cash balance as of December
31, 2014 was $1,241,487. In light of the Company&rsquo;s projected working capital needs, it may need to seek additional capital
which may dilute existing shareholders. There is no guarantee that the Company will be successful in raising additional capital
or be successful in the execution of its plans.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><U>Off-Balance Sheet Arrangements</U></B></P>

<P STYLE="margin: 0; text-align: justify">We do not have any off-balance sheet arrangements.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><U>Critical Accounting Policies and Estimates</U></B></P>

<P STYLE="margin: 0; text-align: justify">For a discussion of our accounting policies
and related items, please see the Notes to the Financial Statements, included in Item 8.</P>

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

<P STYLE="margin: 0; text-align: justify"><B>Estimates</B></P>

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

<P STYLE="margin: 0; text-align: justify">The preparation of financial statements in
conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect
the amounts reported in our financial statements and accompanying notes.</P>

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

<P STYLE="margin: 0; text-align: justify">Such estimates and assumptions impact both
assets and liabilities, including but not limited to: net realizable value of accounts receivable and inventory, estimated useful
lives and potential impairment of property and equipment, the valuation of intangible assets, estimate of fair value of share
based payments and derivative liabilities, estimates of fair value of warrants issued and recorded as debt discount, estimates
of tax liabilities and estimates of the probability and potential magnitude of contingent liabilities.</P>

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

<P STYLE="margin: 0; text-align: justify">Making estimates requires management to exercise
significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances
that existed at the date of the financial statements, which management considered in formulating its estimate could change in
the near term due to one or more future non-conforming events. Accordingly, actual results could differ significantly from estimates.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Recently Issued Accounting Pronouncements</I></B></P>

<P STYLE="margin: 0; text-align: justify">In April 2014, the FASB issued ASU No. 2014-08,&nbsp;Presentation
of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures
of Disposals of Components of an Entity.&nbsp;The amendments in this Update change the requirements for reporting discontinued
operations in Subtopic 205-20.</P>

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

<P STYLE="margin: 0; text-align: justify">Under the new guidance, a discontinued operation
is defined as a disposal of a component or group of components that is disposed of or is classified as held for sale and &ldquo;represents
a strategic shift that has (or will have) a major effect on an entity&rsquo;s operations and financial results.&rdquo; The ASU
states that a strategic shift could include a disposal of (i) a major geographical area of operations, (ii) a major line of business,
(iii) a major equity method investment, or (iv) other major parts of an entity. Although &ldquo;major&rdquo; is not defined, the
standard provides examples of when a disposal qualifies as a discontinued operation.</P>

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

<P STYLE="margin: 0; text-align: justify">The ASU also requires additional disclosures about discontinued operations that will
provide more information about the assets, liabilities, income and expenses of discontinued operations. In addition, the ASU requires
disclosure of the pre-tax profit or loss attributable to a disposal of an individually significant component of an entity that
does not qualify for discontinued operations presentation in the financial statements.</P>

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    <!-- Field: /Page -->

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

<P STYLE="margin: 0; text-align: justify">The ASU is effective for public business entities for annual periods beginning on or
after December 15, 2014, and interim periods within those years.</P>

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

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

<P STYLE="margin: 0; text-align: justify">In May 2014, the FASB and International Accounting
Standards Board issued a converged final standard on the recognition of revenue from contracts with customers. This updated guidance
provides a framework for addressing revenue recognition issues and replaces almost all existing revenue recognition guidance in
current U.S. generally accepted accounting principles. The core principle of the new standard is for companies to recognize revenue
to depict the transfer of goods or services to customers in amounts that reflect the consideration to which the Company expects
to be entitled in exchange for those goods or services. The new standard will also result in enhanced disclosures about revenue,
provide guidance for transactions that were not previously addressed comprehensively, and improve guidance for multiple-element
arrangements. This guidance is effective for interim and annual periods beginning after December 15, 2016. Management has not
yet evaluated the future impact of this guidance on the Company&rsquo;s financial position, results of operations or cash flows.</P>

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

<P STYLE="margin: 0; text-align: justify">In September 2014, the FASB issued ASU 2014-15,
<I>Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern.</I> This ASU describes how an entity
should assess its ability to meet obligations and sets disclosure requirements for how this information should be disclosed in
the financial statements. The standard provides accounting guidance that will be used with existing auditing standards. The amendments
in this ASU are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter.
Early application is permitted. The adoption of this guidance will be examined for the year ended December 31, 2016, and if applicable
at that time, will require management to make the appropriate disclosures.</P>

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

<P STYLE="margin: 0; text-align: justify">Other pronouncements issued by the FASB or
other authoritative accounting standards groups with future effective dates are either not applicable or are not expected to be
significant to the Company&rsquo;s financial position, results of operations or cash flows.</P>

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

<P STYLE="margin: 0; text-align: justify"><B>Critical Accounting Policies and Estimates</B></P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Valuation of Long-Lived Assets and Identifiable
Intangible Assets </I></B></P>

<P STYLE="margin: 0; text-align: justify">The Company reviews for impairment of long-lived
assets and certain identifiable intangible assets whenever events or changes in circumstances indicate that the carrying amount
of any asset may not be recoverable. In the event of impairment, the asset is written down to its fair market value.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Property and Equipment</I></B></P>

<P STYLE="margin: 0; text-align: justify">Property and equipment is stated at cost,
less accumulated depreciation and is reviewed for impairment whenever events or changes in circumstances indicate that the carrying
amount of an asset may not be recoverable.</P>

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

<P STYLE="margin: 0; text-align: justify">Depreciation of property and equipment is
provided utilizing the straight-line method over the estimated useful lives, ranging from 5-7 years of the respective assets.
Expenditures for maintenance and repairs are charged to expense as incurred.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Upon sale or retirement of property and equipment,
the related cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in the statements
of operations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Intangible Asset - Patent</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company developed a patent for an installation
device used in light fixtures and ceiling fans. Costs incurred for submitting the applications to the United States Patent and
Trademark Office for these patents have been capitalized. Patent costs are being amortized using the straight-line method over
the related 15 year lives. The Company begins amortizing patent costs once a filing receipt is received stating the patent serial
number and filing date from the United States Patent and Trademark Office.</P>

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

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<P STYLE="margin: 0; text-align: justify">The Company incurs certain legal and related costs in connection with patent applications.
The Company capitalizes such costs to be amortized over the expected life of the patent to the extent that an economic benefit
is anticipated from the resulting patent or alternative future use is available to the Company. The Company also capitalizes legal
costs incurred in the defense of the Company&rsquo;s patents when it is believed that the future economic benefit of the patent
will be maintained or increased and a successful defense is probable. Capitalized patent defense costs are amortized over the
remaining expected life of the related patent. The Company&rsquo;s assessment of future economic benefit or a successful defense
of its patents involves considerable management judgment, and an unfavorable outcome of litigation could result in a material
impairment charge up to the carrying value of these assets.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I></I></B></P>

<P STYLE="margin: 0; text-align: justify"><B><I>Fair Value of Financial Instruments</I></B></P>

<P STYLE="margin: 0; text-align: justify">The Company measures assets and liabilities
at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents
the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction
between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an
asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair
value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level.</P>

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

<P STYLE="margin: 0; text-align: justify">The following are the hierarchical levels
of inputs to measure fair value:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Level 1 &ndash; Observable inputs that reflect quoted market prices in active markets
for identical assets or liabilities.</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Level 2 - Inputs reflect quoted prices for identical assets or liabilities in markets
that are not active; quoted prices for similar assets or liabilities in active markets; inputs other than quoted prices that are
observable for the assets or liabilities; or inputs that are derived principally from or corroborated by observable market data
by correlation or other means.</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Level 3 &ndash; Unobservable inputs reflecting the Company&rsquo;s assumptions incorporated
in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant
assumptions that are reasonably available.</TD>
</TR></TABLE>



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

<P STYLE="margin: 0; text-align: justify">The carrying amounts of the Company&rsquo;s
financial assets and liabilities, such as cash, prepaid expenses, other current assets, accounts payable &amp; accrued expenses,
certain notes payable and notes payable &ndash; related party, approximate their fair values because of the short maturity of
these instruments.</P>

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

<P STYLE="margin: 0; text-align: justify">The Company accounts for its derivative liabilities,
at fair value, on a recurring basis under Level 3.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Embedded Conversion Features</I></B></P>

<P STYLE="margin: 0; text-align: justify">The Company evaluates embedded conversion
features within convertible debt under ASC 815 &ldquo;Derivatives and Hedging&rdquo; to determine whether the embedded conversion
feature(s) should be bifurcated from the host instrument and accounted for as a derivative at fair value with changes in fair
value recorded in earnings. If the conversion feature does not require derivative treatment under ASC 815, the instrument is evaluated
under ASC 470-20 &ldquo;Debt with Conversion and Other Options&rdquo; for consideration of any beneficial conversion feature.</P>

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

<P STYLE="margin: 0; text-align: justify">The Company does not use derivative instruments
to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of it financial instruments, including
stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives.
For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at
its fair value and is then re-valued at each reporting date, with changes in the fair value reported as charges or credits to
income.</P>

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

<P STYLE="margin: 0; text-align: justify">For option-based simple derivative financial instruments, the Company uses the Black-Scholes
option-pricing model to value the derivative instruments at inception and subsequent valuation dates. The classification of derivative
instruments, including whether such instruments should be recorded as liabilities or as equity, is re-assessed at the end of each
reporting period.</P>

<P STYLE="margin: 0; text-align: justify"><B><I></I></B></P>

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<P STYLE="margin: 0; text-align: justify"><B><I>Stock-Based Compensation - Employees</I></B></P>

<P STYLE="margin: 0; text-align: justify">The Company accounts for its stock based compensation
in which the Company obtains employee services in share-based payment transactions under the recognition and measurement principles
of the fair value recognition provisions of section 718-10-30 of the FASB Accounting Standards Codification. Pursuant to paragraph
718-10-30-6 of the FASB Accounting Standards Codification, all transactions in which goods or services are the consideration received
for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value
of the equity instrument issued, whichever is more reliably measurable.</P>

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

<P STYLE="margin: 0; text-align: justify">The measurement date used to determine the
fair value of the equity instrument issued is the earlier of the date on which the performance is complete or the date on which
it is probable that performance will occur.</P>

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

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

<P STYLE="margin: 0; text-align: justify">If the Company is a newly formed corporation
or shares of the Company are thinly traded, the use of share prices established in the Company&rsquo;s most recent private placement
memorandum (based on sales to third parties) (&ldquo;PPM&rdquo;), or weekly or monthly price observations would generally be more
appropriate than the use of daily price observations as such shares could be artificially inflated due to a larger spread between
the bid and asked quotes and lack of consistent trading in the market.</P>

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

<P STYLE="margin: 0; text-align: justify">The fair value of share options and similar
instruments is estimated on the date of grant using a Black-Scholes option-pricing valuation model. The ranges of assumptions
for inputs are as follows:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Expected term of share options and similar instruments: The expected life of options
and similar instruments represents the period of time the option and/or warrant are expected to be outstanding. Pursuant to Paragraph
718-10-50-2(f)(2)(i) of the FASB Accounting Standards Codification the expected term of share options and similar instruments
represents the period of time the options and similar instruments are expected to be outstanding taking into consideration of
the contractual term of the instruments and employees&rsquo; expected exercise and post-vesting employment termination behavior
into the fair value (or calculated value) of the instruments. Pursuant to paragraph 718-10-S99-1, it may be appropriate to use
the simplified method, i.e., expected term = ((vesting term + original contractual term) / 2), if (i) A company does not have
sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term due to the limited period
of time its equity shares have been publicly traded; (ii) A company significantly changes the terms of its share option grants
or the types of employees that receive share option grants such that its historical exercise data may no longer provide a reasonable
basis upon which to estimate expected term; or (iii) A company has or expects to have significant structural changes in its business
such that its historical exercise data may no longer provide a reasonable basis upon which to estimate expected term. The Company
uses the simplified method to calculate expected term of share options and similar instruments as the Company does not have sufficient
historical exercise data to provide a reasonable basis upon which to estimate expected term.</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Expected volatility of the entity&rsquo;s shares and the method used to estimate it.
Pursuant to ASC Paragraph 718-10-50-2(f)(2)(ii) a thinly-traded or nonpublic entity that uses the calculated value method shall
disclose the reasons why it is not practicable for the Company to estimate the expected volatility of its share price, the appropriate
industry sector index that it has selected, the reasons for selecting that particular index, and how it has calculated historical
volatility using that index. The Company uses the average historical volatility of the comparable companies over the expected
contractual life of the share options or similar instruments as its expected volatility. If shares of a company are thinly traded
the use of weekly or monthly price observations would generally be more appropriate than the use of daily price observations as
the volatility calculation using daily observations for such shares could be artificially inflated due to a larger spread between
the bid and asked quotes and lack of consistent trading in the market.</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Expected annual rate of quarterly dividends. An entity that uses a method that employs
different dividend rates during the contractual term shall disclose the range of expected dividends used and the weighted-average
expected dividends. The expected dividend yield is based on the Company&rsquo;s current dividend yield as the best estimate of
projected dividend yield for periods within the expected term of the share options and similar instruments.</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Risk-free rate(s). An entity that uses a method that employs different risk-free rates
shall disclose the range of risk-free rates used. The risk-free interest rate is based on the U.S. Treasury yield curve in effect
at the time of grant for periods within the expected term of the share options and similar instruments.</TD>
</TR></TABLE>



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

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

<P STYLE="margin: 0; text-align: justify">Generally, all forms of share-based payments,
including stock option grants, warrants and restricted stock grants and stock appreciation rights are measured at their fair value
on the awards&rsquo; grant date, based on estimated number of awards that are ultimately expected to vest.</P>

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

<P STYLE="margin: 0; text-align: justify">The expense resulting from share-based payments
is recorded in general and administrative expense in the statements of operations.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Equity Instruments Issued to Parties
Other Than Employees for Acquiring Goods or Services</I></B></P>

<P STYLE="margin: 0; text-align: justify">The Company accounts for equity instruments
issued to parties other than employees for acquiring goods or services under guidance of Sub-topic 505-50 of the FASB Accounting
Standards Codification (&ldquo;Sub-topic 505-50&rdquo;).</P>

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

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

<P STYLE="margin: 0; text-align: justify">Pursuant to ASC Section 505-50-30, all transactions
in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the
fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.
The measurement date used to determine the fair value of the equity instrument issued is the earlier of the date on which the
performance is complete or the date on which it is probable that performance will occur. If the Company is a newly formed corporation
or shares of the Company are thinly traded the use of share prices established in the Company&rsquo;s most recent private placement
memorandum (&ldquo;PPM&rdquo;), or weekly or monthly price observations would generally be more appropriate than the use of daily
price observations as such shares could be artificially inflated due to a larger spread between the bid and asked quotes and lack
of consistent trading in the market.</P>

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

<P STYLE="margin: 0; text-align: justify">The fair value of share options and similar
instruments is estimated on the date of grant using a Black-Scholes option-pricing valuation model. The ranges of assumptions
for inputs are as follows:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Expected term of share options and similar instruments: Pursuant to Paragraph 718-10-50-2(f)(2)(i)
of the FASB Accounting Standards Codification the expected term of share options and similar instruments represents the period
of time the options and similar instruments are expected to be outstanding taking into consideration of the contractual term of
the instruments and holder&rsquo;s expected exercise behavior into the fair value (or calculated value) of the instruments. The
Company uses historical data to estimate holder&rsquo;s expected exercise behavior. If the Company is a newly formed corporation
or shares of the Company are thinly traded the contractual term of the share options and similar instruments is used as the expected
term of share options and similar instruments as the Company does not have sufficient historical exercise data to provide a reasonable
basis upon which to estimate expected term.</TD>
</TR></TABLE>



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<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Expected volatility of the entity&rsquo;s shares and the method used to estimate it.
Pursuant to ASC Paragraph 718-10-50-2(f)(2)(ii) a thinly-traded or nonpublic entity that uses the calculated value method shall
disclose the reasons why it is not practicable for the Company to estimate the expected volatility of its share price, the appropriate
industry sector index that it has selected, the reasons for selecting that particular index, and how it has calculated historical
volatility using that index. The Company uses the average historical volatility of the comparable companies over the expected
contractual life of the share options or similar instruments as its expected volatility. If shares of a company are thinly traded
the use of weekly or monthly price observations would generally be more appropriate than the use of daily price observations as
the volatility calculation using daily observations for such shares could be artificially inflated due to a larger spread between
the bid and asked quotes and lack of consistent trading in the market.</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Expected annual rate of quarterly dividends. An entity that uses a method that employs
different dividend rates during the contractual term shall disclose the range of expected dividends used and the weighted-average
expected dividends. The expected dividend yield is based on the Company&rsquo;s current dividend yield as the best estimate of
projected dividend yield for periods within the expected term of the share options and similar instruments.</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Risk-free rate(s). An entity that uses a method that employs different risk-free rates
shall disclose the range of risk-free rates used. The risk-free interest rate is based on the U.S. Treasury yield curve in effect
at the time of grant for periods within the expected term of the share options and similar instruments.</TD>
</TR></TABLE>



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

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

<P STYLE="margin: 0; text-align: justify">Pursuant to ASC paragraph 505-50-25-7, if
fully vested, non-forfeitable equity instruments are issued at the date the grantor and grantee enter into an agreement for goods
or services (no specific performance is required by the grantee to retain those equity instruments), then, because of the elimination
of any obligation on the part of the counterparty to earn the equity instruments, a measurement date has been reached. A grantor
shall recognize the equity instruments when they are issued (in most cases, when the agreement is entered into). Whether the corresponding
cost is an immediate expense or a prepaid asset (or whether the debit should be characterized as contra-equity under the requirements
of paragraph 505-50-45-1) depends on the specific facts and circumstances. Pursuant to ASC paragraph 505-50-45-1, a grantor may
conclude that an asset (other than a note or a receivable) has been received in return for fully vested, non-forfeitable equity
instruments that are issued at the date the grantor and grantee enter into an agreement for goods or services (and no specific
performance is required by the grantee in order to retain those equity instruments). Such an asset shall not be displayed as contra-equity
by the grantor of the equity instruments. The transferability (or lack thereof) of the equity instruments shall not affect the
balance sheet display of the asset. This guidance is limited to transactions in which equity instruments are transferred to other
than</P>

<P STYLE="margin: 0; text-align: justify">employees in exchange for goods or services. Section 505-50-30 provides guidance on
the determination of the measurement date for transactions that are within the scope of this Subtopic.</P>

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

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

<P STYLE="margin: 0; text-align: justify">Pursuant to Paragraphs 505-50-25-8 and 505-50-25-9,
an entity may grant fully vested, non-forfeitable equity instruments that are exercisable by the grantee only after a specified
period of time if the terms of the agreement provide for earlier exercisability if the grantee achieves specified performance
conditions. Any measured cost of the transaction shall be recognized in the same period(s) and in the same manner as if the entity
had paid cash for the goods or services or used cash rebates as a sales discount instead of paying with, or using, the equity
instruments. A recognized asset, expense, or sales discount shall not be reversed if a share option and similar instrument that
the counterparty has the right to exercise expires unexercised.</P>

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

<P STYLE="margin: 0; text-align: justify">Pursuant to ASC paragraph 505-50-30-S99-1,
if the Company receives a right to receive future services in exchange for unvested, forfeitable equity instruments, those equity
instruments are treated as unissued for accounting purposes until the future services are received (that is, the instruments are
not considered issued until they vest). Consequently, there would be no recognition at the measurement date and no entry should
be recorded.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Income Tax Provision</I></B></P>

<P STYLE="margin: 0; text-align: justify">From the inception of the Company and through
November 6, 2012, the Company was taxed as a pass-through entity (a limited liability company) under the Internal Revenue Code
and was not subject to federal and state income taxes; accordingly, no provision had been made.</P>

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

<P STYLE="margin: 0; text-align: justify">The financial statements reflect the Company&rsquo;s
transactions without adjustment, if any, required for income tax purposes for the period from November 7, 2012 to December 31,
2012. The net loss generated by the Company for the period January 1, 2012 to November 6, 2012 has been excluded from the computation
of income taxes.</P>

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

<P STYLE="margin: 0; text-align: justify">The Company accounts for income taxes under
Section 740-10-30 of the FASB Accounting Standards Codification, which requires recognition of deferred tax assets and liabilities
for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this
method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets
and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred tax
assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will
not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income
in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and
liabilities of a change in tax rates is recognized in the Consolidated Statements of Operations in the period that includes the
enactment date.</P>

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

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

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<P STYLE="margin: 0; text-align: justify">The Company adopted section 740-10-25 of the
FASB Accounting Standards Codification (&ldquo;Section 740-10-25&rdquo;). Section 740-10-25 addresses the determination of whether
tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under Section 740-10-25,
the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position
will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized
in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty
(50) percent likelihood of being realized upon ultimate settlement. Section 740-10-25 also provides guidance on de-recognition,
classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures.</P>

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

<P STYLE="margin: 0; text-align: justify">The estimated future tax effects of temporary
differences between the tax basis of assets and liabilities are reported in the accompanying consolidated balance sheets, as well
as tax credit carry-backs and carry-forwards. The Company periodically reviews the recoverability of deferred tax assets recorded
on its consolidated balance sheets and provides valuation allowances as management deems necessary.</P>

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

<P STYLE="margin: 0; text-align: justify">Management makes judgments as to the interpretation
of the tax laws that might be challenged upon an audit and cause changes to previous estimates of tax liability. In addition,
the Company operates within multiple taxing jurisdictions and is subject to audit in these jurisdictions. In management&rsquo;s
opinion, adequate provisions for income taxes have been made for all years. If actual taxable income by tax jurisdiction varies
from estimates, additional allowances or reversals of reserves may be necessary.</P>

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

<P STYLE="margin: 0; text-align: justify">The Company&rsquo;s tax returns are subject to examination by the federal and state
tax authorities for the years ended 2012 through 2014.</P>

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

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

<P STYLE="margin: 0; text-align: justify"><B><I>Uncertain Tax Positions</I></B></P>

<P STYLE="margin: 0; text-align: justify">The Company did not take any uncertain tax
positions and had no adjustments to its income tax liabilities or benefits pursuant to the provisions of Section 740-10-25 for
the reporting periods ended December 31, 2014, 2013 and 2012.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Related Parties</I></B></P>

<P STYLE="margin: 0; text-align: justify">The Company follows subtopic 850-10 of the
FASB Accounting Standards Codification for the identification of related parties and disclosure of related party transactions.</P>

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

<P STYLE="margin: 0; text-align: justify">Pursuant to Section 850-10-20 the related parties include (a) affiliates of the
Company; (b) Entities for which investments in their equity securities would be required, absent the election of the fair
value option under the Fair Value Option Subsection of Section 825&ndash;10&ndash;15, to be accounted for by the equity
method by the investing entity; (c) trusts for the benefit of employees, such as pension and profit-sharing trusts that are
managed by or under the trusteeship of management; (d) principal owners of the Company; (e) management of the Company; (f)
other parties with which the Company may deal if one party controls or can significantly influence the management or
operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its
own separate interests; and (g) other parties that can significantly influence the management or operating policies of the
transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the
other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate
interests.</P>

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

<P STYLE="margin: 0; text-align: justify">The consolidated financial statements shall include disclosures of material related
party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of
business. However, disclosure of transactions that are eliminated in the preparation of consolidated or combined financial statements
is not required in those statements. The disclosures shall include: (a) the nature of the relationship(s) involved; (b) a description
of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for
which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions
on the financial statements; (c) the dollar amounts of transactions for each of the periods for which income statements are presented
and the effects of any change in the method of establishing the terms from that used in the preceding period; and (d) amounts
due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner
of settlement.</P>

<P STYLE="margin: 0; text-align: justify"><B><U></U></B></P>

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<P STYLE="margin: 0; text-align: justify"><B><U>Related Party Transactions</U></B></P>

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

<P STYLE="margin: 0; text-align: justify">We are currently party to a consulting agreement with Mr. Rani Kohen, Chairman of the
Company&rsquo;s Board of Directors, pursuant to which we are required to pay cash compensation in the amount of $150,000 per year.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold"></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">BUSINESS</P>

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

<P STYLE="margin: 0; text-align: justify"><B>Overview</B></P>

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

<P STYLE="margin: 0; text-align: justify">We are a company engaged in the business of
developing proprietary technology that enables a quick and safe installation by the use of a power plug for electrical fixtures,
such as light fixtures and ceiling fans, into ceiling and wall electrical junction boxes.&nbsp; As of March 31, 2015, we have
three issued U.S. Patents relating to our technology. We also have patents in China (two issued patents) and India (one issued
patent and one pending patent application) which protect different aspects of the same SQL Technology as the three issued U.S.
patents. The Company sought intellectual property protection of its SQL Technology in China due to its current manufacturing operations
and prospective sales in China&rsquo;s market, and sought protection in India in anticipation of future growth into India&rsquo;s
developing market, both with respect to the sales of SQL Technology and potential operations of the Company. The intellectual
property represented by these patents is a <FONT STYLE="background-color: white">fixable socket and a revolvable plug for conducting
electric power and supporting an electrical appliance attached to a wall or ceiling.&nbsp; The socket is comprised of a non-conductive
body that houses conductive rings connectable to an electric power supply through terminals in its side exterior.&nbsp; The plug,
also comprised of a non-conductive body that houses corresponding conductive rings, attaches to the socket via a male post and
is capable of feeding electric power to an appliance. The plug also includes a second structural element allowing it to revolve
and a releasable latching which, when engaged, provides a retention force between the socket and the plug to prevent disengagement
and to support appliances up to 50 pounds.&nbsp; The socket and plug can be detached by releasing the latch, disengaging the electric
power from the plug.&nbsp; The socket is designed to replace the support bar incorporated in electric junction boxes.&nbsp; Once
attached to the electric junction box, the socket can support fixtures that are plugged-in weighing up to 50 pounds, or up to
the weight limit of the electric junction box, if lower than 50 pounds.&nbsp; The plug is designed to be installed in light fixtures,
ceiling fans and wall sconce fixtures.&nbsp; The combined socket and plug technology is referred to throughout this prospectus
as &ldquo;the SQL Technology&rdquo;.</FONT></P>

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="background-color: white"><B>Products</B></FONT></P>

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="background-color: white">We manufacture
and sell ceiling fans and lighting fixtures branded with General Electric logo and manufactured under their strict guidance. Our
ceiling fans and lighting fixtures offer unique designs, and are manufactured with and without the SQL Technology.</FONT></P>

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="background-color: white">The
SQL Technology is an attachment fitting plug and mounting receptacle used to install lighting fixtures and ceiling fans. The SQL
Technology replaces the traditional mounting bar found in existing electrical junction boxes, converting the mounting system into
a weight bearing plug with no exposed wires. Our technology could transform the lighting fixture and ceiling fan industry. Using
the SQL Technology, anyone can safely install lighting fixtures and ceiling fans in minutes. Professional electricians as well
as &ldquo;Do it Yourself&rdquo; installers will benefit from our technology. The SQL Technology is Underwriters Laboratories (UL)
listed for USA and Canada and is licensed by GE. </FONT></P>

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="background-color: white">Our
SQL Technology is comprised of two parts: a &lsquo;female&rsquo; socket receptacle that is secured to existing electrical junction
boxes, into which electrical and ground wires are simply inserted and secured into terminals on the device, and a &lsquo;male&rsquo;
plug fitting that is preinstalled on the lighting fixture or fan. The receptacle is easily attached to the junction box, and any
lighting fixture or fan with the SQL Technology can be literally installed in seconds. Our manufacturing plan calls for the SQL
Technology to be pre-installed in all types of lighting fixtures, including holiday themed lighting, and ceiling fans. Once attached
to the electric junction box, the SQL Technology is certified to support light fixtures that are plugged-in weighing up to 50
pounds and ceiling fans that are plugged-in weighing up to 35 pounds, or up to the weight limit of the electric junction box,
if lower than the certified weight.</FONT></P>

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="background-color: white">We have been working with several well established
factories producing ceiling fans and lights in China. Many of these factories have been in business for over 20 years and follow
strict human rights and sustainability protocols.</FONT></P>

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

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<P STYLE="margin: 0; text-align: justify"><B>Our History and New Business Model</B></P>

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

<P STYLE="margin: 0; text-align: justify">Safety Quick Light LLC began marketing the
SQL Technology in 2007 for installation of light fixtures and ceiling fans during manufacturing and as a kit for installing the
SQL Technology in existing light fixtures and ceiling fans. The Company sold 800,000 units of the SQL Technology OEM (&ldquo;Original
Equipment Manufacturer&rdquo;) to lighting manufacturers and retailers who installed the <FONT STYLE="background-color: white">socket
and plug technology</FONT> into their lighting fixtures for sale at retail stores. The Company also sold, directly to the retailers,
100,000 ceiling fans with the SQL Technology embedded into the product. Our management team determined that it could improve its
gross margins if it were to market light fixtures and ceiling fans with its plug technology already installed on fixtures instead
of marketing the SQL Technology as an add-on device.&nbsp; During the first quarter of 2010, the Company&rsquo;s management took
the first of several steps toward implementing a New Business Model and discontinued marketing the SQL Technology as an add-on
device; however, existing orders were honored through 2010 and 2011, resulting in revenues through 2012.&nbsp;</P>

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

<P STYLE="margin: 0; text-align: justify">Company management then took the next step in furtherance of its New Business
Model and sought the endorsement of the SQL Technology from General Electric. During 2010 and 2011, GE tested the SQL
Technology and in June 2011, GE and SQL Lighting &amp; Fans, LLC, a subsidiary of the Company, entered into the License
Agreement, a trademark licensing agreement under which SQL Lighting &amp; Fans, LLC was licensed to use the GE monogram logo
on its devices and certain other trademarks on its ceiling fans and light fixtures through December 31, 2017.&nbsp; The
License Agreement requires the Company to pay a percent of revenue generated on our products using the GE monogram logo as a
license fee, including a minimum license fee payment during the term. The License Agreement was amended in April 2013 to
extend its term through December 31, 2017 and to revise the required minimum license fees, and in July 2014 to remove minimum
license fees for 2014. The License Agreement was further amended in August 2014 to (i) establish the Contract Year as
beginning on December 1 and ending on November 31, (ii) extend the term through November 30, 2018, (iii) provide that no
royalties were due for the period prior to 2013, (iv) provide that royalties of $400,000 were due for the period from January
1, 2013 through November 30, 2013, and (v) set forth a new royalty calculation beginning December 1, 2013 and continuing
through the term of the License Agreement. The current License Agreement provides that royalties due to GE will be tiered,
based on a declining percentage of net sales in each Contract Year, paid quarterly, as follows:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; border-bottom: Black 1pt solid; font-weight: bold">Net Sales in Contract Year</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid; font-weight: bold">Royalty as a Percentage of Net Sales</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 70%; text-align: justify; padding-left: 5.4pt">$0 - $50,000,000</TD><TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 18%; text-align: right">7</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-left: 5.4pt">$50,000,001 - $100,000,000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-left: 5.4pt">$100,000,001+</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; border-bottom: Black 1pt solid; padding-left: 5.4pt; width: 70%; font-weight: bold">Net Sales Made</TD><TD STYLE="padding-bottom: 1pt; width: 6%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left; width: 5%">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: top; width: 18%"><B>Quarterly Payment Due Date</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left; width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-left: 5.4pt">December 1 through February 28/29</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">26-Mar</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-left: 5.4pt">March 1 through May 30</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">26-Jun</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-left: 5.4pt">June 1 through August 31</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">26-Sep</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-left: 5.4pt">September 1 through November 30</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">26-Dec</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>


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

<P STYLE="margin: 0; text-align: justify">The Company is obligated to pay to GE a royalty
minimum of $12,000,000 in the aggregate during the term of the License Agreement. If, at the end of the term of the License Agreement,
the total of all royalty payments paid pursuant to the License Agreement does not total $12,000,000, the Company must pay to GE
the difference between $12,000,000 and the amount of royalties actually paid to GE through the end of the term of the License
Agreement.</P>

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

<P STYLE="margin: 0; text-align: justify">The License Agreement enables the Company to market ceiling fans and light fixtures
with the SQL Technology using the GE logo. The License Agreement imposes certain manufacturing and quality control conditions
that we must maintain. In addition to marketing ceiling fans and light fixtures under the GE logo and trademarks, the Company
has the right to offer private label ceiling fans and light fixtures with its technology installed to retailers that market private
label products.</P>

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

<P STYLE="margin: 0; text-align: justify">In furtherance of its New Business Model,
the Company sought to establish trade distribution channels with key retailers. In July 2012, the Company entered into a sales
and marketing agreement with Design Solutions International, Inc., a privately held, lighting industry design and marketing firm
(the &ldquo;DSI Agreement&rdquo;). Founded in 2001, DSI is headquartered in Fort Lauderdale, Florida and maintains a 22-person
production quality control and development office in the Guangdong province of China. DSI was founded in 2001 by two lighting
professionals with over 25-years lighting product sales experience each with Catalina Lighting, Zellers, Dana Lighting and Lite
Factory, among others. DSI sells light fixtures to large retail organization such as Walmart, Costco, The Home Depot, BJ&rsquo;s
Wholesale Club, Sam&rsquo;s Club and others throughout North America. Under the terms of the DSI Agreement, DSI will serve as
the Company&rsquo;s exclusive sales representative for all its products and goods in the United States and Canada. For its services,
DSI will receive a commission based on net sales.</P>

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

<P STYLE="margin: 0; text-align: justify">On November 6, 2012, Safety Quick Light LLC
was converted into Safety Quick Lighting &amp; Fans Corp. at which time all tangible and intangible assets and liabilities were
transferred to the surviving company. In January 2014, the Company moved into its headquarters in Atlanta, Georgia and in November
2014 it relocated to its current headquarters in Alpharetta, Georgia. The Company&rsquo;s operations currently consist of a corporate
management team operating in the Alpharetta, Georgia offices.</P>

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

<P STYLE="margin: 0; text-align: justify">The Company&rsquo;s New Business Model entails
the use of third party manufactures to produce the SQL Technology and the ceiling fans and light fixtures in which SQL Technology
is imbedded. The manufacturers currently used by the Company are located in Guangdong province of China and, as required by the
Licensing Agreement with GE, must be approved by GE to ensure quality standards are met. To further ensure that quality specifications
are maintained, the Company maintains an office in the Guangdong province staffed with GE trained auditors who will regularly
inspect its products produced by the third party manufacturer.</P>

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

<P STYLE="margin: 0; text-align: justify">In November 2013 and in May and June 2014,
the Company obtained the capital resources necessary to implement its New Business Model through the Notes Offering. See &ldquo;Convertible
Notes Offering&rdquo; beginning on page 20 of this prospectus.</P>

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

<P STYLE="margin: 0; text-align: justify">During 2014, the Company experienced unanticipated delays in the facility approval process
noted above, which delayed sample availability and thus, sales activity. Accordingly, the Company has enhanced its New Business
Model to include an additional, parallel revenue path. This enhancement provides for the design and manufacture of a smaller,
less customized, and more unique product line which incorporates the GE branding and the SQL Technology. The Company believes
this shorter product line will have greater trade and consumer appeal in a significantly less competitive market segment. Further,
the shorter product line will help the Company build awareness of the GE market entry and the SQL Technology.</P>

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

<P STYLE="margin: 0; text-align: justify">Through 2014, we worked on the final steps
to implement our New Business Model. The Company has obtained the necessary qualification and approval of the third party manufacturer&rsquo;s
facilities. The Company and DSI have also been actively presenting the Company&rsquo;s product lines to key retailers during 2014.
The Company continues to develop renderings and samples of new ceiling fan and light fixture designs with the SQL Technology embedded
in the product for sale to retailers. The new items are being presented to the retailers as GE-branded fans and lighting, and
the retailers are currently reviewing these new fan designs for inclusion into their upcoming programs. The Company is actively
marketing and selling the SQL Technology via its New Business Model in 2015.</P>

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

<P STYLE="margin: 0; text-align: justify">After our year ended December 31, 2014, we
shipped our first products and recorded our first sales under the New Business Model. The sales were to a large retail operation
and consisted of ceiling fans with the GE brand. These fans did not contain the SQL Technology, however it represented a significant
milestone in the development of customer relationships with large retailers.</P>

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

<P STYLE="margin: 0; text-align: justify">In February 2015, we received an updated Underwriters Laboratories (UL) Listing for
the SQL Technology. This listing will expand the type of products that we will be able to use with the SQL Technology. This listing
expanded the voltage and amperage that our product is rated for and will allow for additional fixtures, such as heating elements
to be incorporated into our ceiling fans.</P>

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

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<P STYLE="margin: 0; text-align: justify"><B>Intellectual Property</B></P>

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

<P STYLE="margin: 0; text-align: justify">We have developed a proprietary technology,
the SQL Technology, that we believe provides us with a competitive advantage in the lighting and ceiling fan fixture marketplace.
We protect the SQL Technology through the use of an intellectual property protection strategy that is focused on patent protection.
As of March 31, 2015, we have three issued U.S. patents relating to our quick connect device for electrical fixtures. We also
have patents in China (two issued patents) and India (one issued patent and one pending patent application), which protect different
aspects of the same SQL Technology as the three issued U.S. patents. The Company sought intellectual property protection of its
SQL Technology in China due to its current manufacturing operations and prospective sales in China&rsquo;s market, and sought
protection in India in anticipation of future growth into India&rsquo;s developing market, both with respect to the sales of SQL
Technology and potential operations of the Company. We intend to maintain this intellectual property protection for the SQL Technology.</P>

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

<P STYLE="margin: 0; text-align: justify">The issued patents are directed to various
aspects of our plug and socket combination that comprise the quick connect device. The issued patents provide patent protection
for our quick connect device, regardless of the electrical fixture used with the quick connect device. As further innovations
are developed, we intend to seek additional patent protection to enhance our competitive advantage.</P>

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

<P STYLE="margin: 0; text-align: justify"><B>Competition</B></P>

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

<P STYLE="margin: 0; text-align: justify">We currently face
competition from traditional lighting technologies. There are numerous traditional light manufacturing companies, worldwide, many
of which are significantly larger than us. Traditional lighting technologies have the advantage of a long history of market acceptance
and developed relationships with retailers and distributors. We will actively seek to educate our target markets as to the advantages
of our technology compared to traditional installation methods and believe the achievement of this objective is critical to our
future. Although our technology is proprietary and patent protected, there can be no assurance that a large conventional lighting
company will not invent a competing technology that offers similar installation efficiencies and enter the market and utilize
its resources to capture significant market share and adversely affect our operating results.</P>

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

<P STYLE="margin: 0; text-align: justify">We believe our products with the SQL Technology
can effectively compete against traditional lighting in the areas of installation, maintenance and safety. The SQL Technology
offers the advantage of ease of installation and replacement. This feature is superior to other lighting systems, which can require
the service of professional electricians to install and remove. Once SQL&rsquo;s socket is correctly installed in a ceiling or
wall electrical junction box, there is no exposure to live electrical wires resulting in an additional advantage in the area of
safety. Furthermore, the installation of our socket, which weighs approximately four (4) ounces, requires significantly less work
and exertion compared to traditional ceiling light or fan fixtures, which ordinarily weigh in excess of ten (10) pounds and can
weigh hundreds of pounds. There can be no assurance, however, that the current competitors directly involved in this industry
or a new competitor will not develop processes or technology which will allow them to decrease their costs, and consequently,
erode our price advantage.</P>

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

<P STYLE="margin: 0; text-align: justify; padding-bottom: 6pt">The primary vendors of ceiling lighting and fans include the following:&nbsp;</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: 54%; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><U>List
                                         of Competitors for Lighting</U></P>
        <P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>
        <P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">Progress Lighting</P>
        <P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">Minka Lavery</P>
        <P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">Quiozel</P>
        <P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">Bel-Air Lighting</P>
        <P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">Lowes Portfolio Brand</P>
        <P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">Home Depot Hampton Bay Brand</P>
        <P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">Catalina Lighting</P>
        <P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">Eurofase</P>
        <P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">Eglo</P>
        <P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">Generation Brands</P>
        <P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">Murray Feiss</P>
        <P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">Kichler</P></TD>
    <TD STYLE="margin-top: 0; margin-bottom: 0; text-align: center; width: 46%"><P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><U>List
                                         of Competitors for Fans</U></P>
        <P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>
        <P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">Litex Ceiling Fans</P>
        <P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">Hunter Fans</P>
        <P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">Lowes Harbor Breeze</P>
        <P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">Home Depot Hampton Bay Brand</P>
        <P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">Casablanca&nbsp;Fans</P>
        <P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">Minka-Aire Fans</P>
        <P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">Monte Carlo&nbsp;Fans</P>
        <P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">Kichler Fans</P>
        <P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">Westinghouse</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">There is significant
competition in the ceiling lighting and fan market place, though we believe we have a competitive advantage due to the strength
of our SQL Technology. This competitive advantage extends to customers both in the residential as well as the commercial markets.
The SQL Technology is patented or trademarked in the United States of America, Canada, Mexico, Hong Kong, China, and Australia.
The Company faces competitive forces from traditional approaches towards ceiling lighting and fans installations. While it is
unclear whether SQL's unique technology will gain significant market penetration, the Company believes that its safety and installation
efficiency features will gain market acceptance since it significantly reduces the time necessary to install such fixtures and,
after a one-time installation of the socket component, eliminates further exposure to electrical wires when used in conjunction
with fixtures in which the plug is installed.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">To further bolster
the Company&rsquo;s competitive position, it has engaged the support of DSI, a lighting design and marketing firm whose existing
customer base includes Walmart, Costco, The Home Depot, BJ&rsquo;s Wholesale Club, Sam&rsquo;s Club and others major retailers
throughout North America. DSI&rsquo;s management boasts an average of 25-years&rsquo; experience in the lighting industry with
leading manufacturers such as Catalina Lighting, Zellers, Dana Lighting and Lite Factory among others. DSI will provide sales
and marketing support in North America and sourcing and production management support in China. In addition to DSI&rsquo;s sales
and marketing support, the Company&rsquo;s products will also be sold through GE&rsquo;s lighting sales group as a condition of
the Licensing Agreement. The Company believes the combination of DSI and GE sales support will enable it to effectively competitive
in the ceiling lighting and fan market.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Seasonality</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">Retailers purchase
ceiling fans for early spring and summer sales. As a result we will sell more of that product in the October through February
time period. Our lighting products do not lend themselves to seasonal purchases. During periods of economic expansion or contraction
our sales by quarter may vary significantly from this seasonal pattern.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Government and Environmental Regulation</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">Our facilities and operations are subject
to federal, state and local laws and regulations relating to environmental protection and human health and safety. Some of these
laws and regulations may impose strict, joint and several liabilities on certain persons for the cost of investigation or remediation
of contaminated properties. These persons may include former, current or future owners or operators of properties and persons
who arranged for the disposal of hazardous substances. Our leased real property may give rise to such investigation, remediation
and monitoring liabilities under environmental laws. In addition, anyone disposing of certain products we distribute, such fluorescent
lighting, must comply with environmental laws that regulate certain materials in these products.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">We believe that we
are in compliance, in all material respects, with applicable environmental laws. As a result, we do not anticipate making significant
capital expenditures for environmental control matters either in the current year or in the near future.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Employees</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">As of March 31, 2015, we had three full time
employees in the United States of America and three full time employees in the Peoples Republic of China. We have not experienced
any work stoppages and consider our relations with our employees to be good.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">In addition to these salaried employees, the
Company&rsquo;s non-executive Chairman of the Board, Rani Kohen, serves as a paid consultant to the Company on operational activities.
Mr. Kohen is the founder of Safety Quick Lighting &amp; Fans Corp. and previously served as our Chief Executive Officer.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B></B></P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Our Corporate Information</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">Our principal executive offices are located at 4400 North Point
Parkway, Suite 154, Alpharetta, Georgia, 30022 and our telephone number is (770)754-4711. Our web address is http://www.safetyquicklight.com.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B></B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Available Information</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">Copies of our Annual Reports on&nbsp;Form&nbsp;10-K,&nbsp;Quarterly
Reports on&nbsp;Form&nbsp;10-Q,&nbsp;Current Reports on&nbsp;Form&nbsp;8-K&nbsp;and other documents that we will file with or
furnish to the SEC will be available free of charge&nbsp;by sending a written request to our Chief Executive Officer at our corporate
headquarters.&nbsp;&nbsp;Additionally, the documents we file with the SEC is or will be available free of charge at the SEC&rsquo;s
Public Reference Room at 100&nbsp;F&nbsp;Street, NE, Washington D.C. 20549. Other information on the operation of the Public Reference
Room is or will be available by calling the SEC at (800)&nbsp;SEC-0330.&nbsp;</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">PROPERTIES</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">Our corporate offices are located at 4400
North Point Parkway, Suite 154, Alpharetta, Georgia. The monthly rent related to our lease is $957 per month, subject to increases
in subsequent years. The Company had previously rented office space located at One Buckhead Plaza, 3060 Peachtree Road, Suite
390, Atlanta, Georgia 30305. The Company is currently subleasing this space through March 31, 2017. We do not own any property
or land. We believe that our facilities are adequate for our current needs and that, if required, we will be able to locate suitable
new office space and obtain a suitable replacement for our executive and administrative headquarters</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">LITIGATION</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">We are not party, nor is our property subject,
to any material pending legal proceedings.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">MANAGEMENT</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">The following is a list of our directors and executive officers.&nbsp;&nbsp;All
directors serve one-year terms or until each of their successors are duly qualified and elected.&nbsp;&nbsp;The officers are elected
by our Board.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 24%; border-bottom: black 1pt solid"><B>Name</B></TD>
    <TD STYLE="width: 1%; padding-bottom: 1.1pt">&nbsp;</TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid; text-align: center"><B>Age</B></TD>
    <TD STYLE="width: 1%; padding-bottom: 1.1pt">&nbsp;</TD>
    <TD STYLE="width: 65%; border-bottom: black 1pt solid"><B>Position</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD>Mr. John P. Campi</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: top">70 </TD>
    <TD>&nbsp;</TD>
    <TD>Chief Executive Officer</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD>Mr. Rani Kohen</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: top">49</TD>
    <TD>&nbsp;</TD>
    <TD>Director, Chairman</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCECFF">
    <TD>Mr. Phillips Peter</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">83</TD>
    <TD>&nbsp;</TD>
    <TD>Director</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Mr. Thomas Ridge</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">69</TD>
    <TD>&nbsp;</TD>
    <TD>Director</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCECFF">
    <TD>Mr. Dov Shiff</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">67</TD>
    <TD>&nbsp;</TD>
    <TD>Director</TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><I>John P. Campi</I> has served as the Company&rsquo;s Chief Executive
Officer since November 2014. Mr. Campi founded Genesis Management, LLC in 2009, and retired in 2014 upon accepting the role of
Chief Executive Officer. Mr. Campi has extensive experience in the field of cost management, is recognized as a Founder of the
strategic cost-management discipline known as Activity-Based Cost Management, and is generally recognized as a national leader
in the field of supply chain management. From December 2007 to December 2008, Mr. Campi served as the Chief Procurement Officer
and an Executive Vice President for Chrysler LLC, where he was responsible for all worldwide purchasing and supplier quality activities.
From September 2003 to January 2007, Mr. Campi served as the Senior Vice President of Sourcing and Vendor Management for The Home
Depot, where he led the drive for standardization and optimization of The Home Depot Global Supply Chain. From April 2002 to September
2003, Mr. Campi served as the Chief Procurement Officer and Vice President for Du Pont Global Sourcing and Logistics. Prior to
2002, Mr. Campi led the Global Sourcing activities for GE Power Energy, and held a variety of positions with Federal Mogul, Parker
Hannifin Corporation and Price Waterhouse Coopers. Mr. Campi also serves as a Trustee of Case Western Reserve University, has
served as a Member of the Advisory Board of Directors for three startup companies, and has served as a Member of the Financial
Executives Institute and the Institute of Management Accountants. Mr. Campi received his MBA from Case Western Reserve University.
Our Board believes Mr. Campi&rsquo;s qualifications to serve as our Chief Executive Officer include his extensive executive and
advisory experience with established and startup companies, his expertise in cost-management, and his qualifications in the field
of supply chain management.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><I></I></P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><I>Rani Kohen</I> has served as a Chairman
of the Board since November 2012. Mr. Kohen founded the Company and began development of the Company&rsquo;s power plug technology
in 2004. Mr. Kohen served as the Company&rsquo;s Chief Executive Officer until December 2012. Mr. Kohen has over twenty-five years
in the retail lighting industry. He opened his first retail lighting showroom in 1988 in Israel, and built the business into the
largest chain of retail lighting showrooms in the country. Our Board believes Mr. Kohen&rsquo;s qualifications to serve as Chairman
of our Board include his deep understanding of the Company&rsquo;s business and products, his years of experience in the retail
lighting industry, and his past experience as the Company&rsquo;s Chief Executive Officer.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><I>Governor Thomas J. Ridge</I> has served as a director
since June 2013. In 2013, Mr. Ridge co-founded Ridge Schmidt Cyber, an executive services firm addressing the increasing
demands of cyber security. In April 2010, Mr. Ridge became a partner in Ridge Policy Group, a bi-partisan, full-service
government affairs and issue management group. Mr. Ridge has served as President and Chief Executive Officer of Ridge Global,
LLC, a global strategic consulting company, since July 2006. From January 2003 to January 2005, Mr. Ridge served as the
Secretary of the United States Department of Homeland Security, and from 2001 through January 2003, Mr. Ridge served as the
Special Assistant to the President for Homeland Security. Mr. Ridge served two terms as Governor of the Commonwealth of
Pennsylvania from 1995 to 2001, and served as a member of the U.S. House of Representatives from 1983 through 1995. Mr. Ridge
currently serves as a member of the board of two public companies, The Hershey Company and Lifelock, and has previously
served on he board of five other public companies. Mr. Ridge is Chairman of the Board of the National Organization on
Disability, and serves as a board member on the Board of Public Finance Management, the Institute for Defense Analysis, the
Center for the Study of the Presidency, and the Oak Ridge National Lab. Our Board believes Mr. Ridge&rsquo;s qualifications
to serve as a member of our Board include his vast experience in both government and industry, his service on other public
and private company boards, and his expertise in retail, risk management, and cyber security.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><I>Phillips Peter</I> has served as a director
since November 2012. Since December 2014, Mr. Peter has served as a Senior Vice President of Ridge Global. From 1994 to 2014,
Mr. Peter practiced law at Reed Smith LLP where he focused his practice on legislative and regulatory matters before Congress,
the executive branch of the federal government, and other administrative agencies. Prior to this, Mr. Peter was an officer at
General Electric Company, where he held executive positions from 1973 to 1994. He is also a veteran of the U.S. Army. Our Board
believes Mr. Peter&rsquo;s qualifications to serve as a member of our Board include his role as a past advisor to the Company,
his extensive experience in regulatory affairs, his past industry experience, and his demonstrated leadership ability.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><I>Dov Shiff</I> has served as a director
since February 2014. Mr. Shiff is presently President and Chief Executive Officer of the Shiff Group of Companies. The Shiff Group
owns and operates hotels and other real estate in Israel, including Hayozem Resorts &amp; Hotels Ltd., Marina Hotel Tel Aviv Ltd.
and Zvidan Investments Ltd. Our Board believes Mr. Shiff&rsquo;s qualifications to serve as a member of our Board include his
role as a past advisor to the Company and his history of success developing and operating new businesses.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Board Structure</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">We have chosen to separate the Chief Executive
Officer and Board Chairman positions.&nbsp;&nbsp;We believe that this Board leadership structure is the most appropriate for the
Company.&nbsp;&nbsp;Our chairman, the founder of the Company, provides us with significant experience in research and development.
Our Chief Executive Officer who is responsible for day to day operations who brings significant experience to the Company</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Committees of the Board of Directors</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">We presently do not have an audit committee,
nominating committee, compensation committee, or other committee or committees performing similar functions, as our management
believes that until this point it has been premature at the early stage of our management and business development to form an
audit, compensation or other committees.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Family Relationships</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">There are no family relationships among the directors and executive
officers.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B></B></P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Involvement in Legal Proceedings</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">We know of no pending proceedings to which
any director, member of senior management, or affiliate is either a party adverse to us, or our subsidiaries, or has a material
interest adverse to us or our subsidiaries.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">None of our executive officers or directors
have (i) been involved in any bankruptcy proceedings within the last five years, (ii) been convicted in or has pending any criminal
proceedings, (iii) been subject to any order, judgment or decree enjoining, barring, suspending or otherwise limiting involvement
in any type of business, securities or banking activity or (iv) been found to have violated any federal, state or provincial securities
or commodities law and such finding has not been reversed, suspended or vacated.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">EXECUTIVE COMPENSATION</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">As a &ldquo;smaller reporting company,&rdquo;
we have elected to follow scaled disclosure requirements for smaller reporting companies<I>. </I>Under the scaled disclosure obligations,
we are not required to provide <I>Compensation Discussion and Analysis </I>and certain other tabular and narrative disclosures
relating to executive compensation. Nor are we required to quantify payments due to the named executives upon termination of employment.
Management believes that the scaled disclosure for the Company&rsquo;s executive compensation policy and practices is appropriate
because we will be a small publicly-traded company, have only one named executive and have a relatively simple compensation policy
and structure that has not changed in the last fiscal year.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Summary Compensation Table for Fiscal Years 2013 and 2014</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">The following information is related to the
compensation paid, distributed or accrued by us for the last two fiscal years to our Chief Executive Officer (principal executive
officer).&nbsp;&nbsp;No employee received compensation in excess of $100,000 in the past two fiscal years.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD STYLE="border-bottom: Black 1pt solid">Name &amp; <BR> Principal <BR> Position</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Year</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Salary <BR> $</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Bonus<BR> $</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Stock <BR> Awards<BR> $</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Option<BR> Awards (1)<BR> $</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Non-Equity <BR> Incentive Plan <BR> Compensation<BR> $</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid">Non-Qualified <BR> Deferred <BR> Compensation <BR> Earnings<BR> $</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">All Other <BR> Compensation<BR> $</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid">Total<BR> $</TD></TR>
<TR STYLE="text-align: right; background-color: rgb(204,238,255); vertical-align: top">
    <TD STYLE="padding-bottom: 1pt; padding-left: 1.45pt; text-align: left; vertical-align: top">John P. Campi Chief</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: top">2013</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt">&mdash;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt">&mdash;</TD></TR>
<TR STYLE="text-align: right; background-color: White; vertical-align: top">
    <TD STYLE="width: 15%; text-align: left; vertical-align: top"><P STYLE="margin-top: 0; margin-bottom: 0">Executive Office<SUP>(1)</SUP>&nbsp;</P></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 7%; text-align: center; vertical-align: top">2014</TD><TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%"></TD><TD STYLE="width: 6%">$11,769</TD><TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 6%">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 6%">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 6%">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 6%">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%">&mdash;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 6%">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; border-bottom: Black 1pt none">$11,769</TD></TR>
<TR STYLE="text-align: right; background-color: White; vertical-align: top">
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: center; vertical-align: middle">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt none">&nbsp;</TD></TR>
<TR STYLE="text-align: right; background-color: rgb(204,238,255); vertical-align: top">
    <TD STYLE="padding-bottom: 1pt; padding-left: 1.45pt; text-align: left; vertical-align: top">James R. Hills, <BR>former Chief</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: top">2013</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">$</TD><TD STYLE="border-bottom: Black 1pt solid">125,000</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt">&mdash;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt">$125,000</TD></TR>
<TR STYLE="text-align: right; background-color: White; vertical-align: top">
    <TD STYLE="text-align: left; vertical-align: top">Executive Officer <SUP>(2)</SUP></TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: center; vertical-align: top">2014</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>$</TD><TD>155,308</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD></TD><TD>$62,500</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&mdash;</TD><TD>&nbsp;</TD>
    <TD></TD><TD>$11,077</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>$228,885</TD></TR>
</TABLE>


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

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B></B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Outstanding Equity Awards at December 31, 2014 Fiscal Year End</B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD STYLE="padding-bottom: 1pt"></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="16" STYLE="text-align: center; border-bottom: Black 1pt solid">Option Awards </TD>
    <TD COLSPAN="15" STYLE="text-align: center; vertical-align: top; border-bottom: Black 1pt solid">Stock Awards</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">Name</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid; font-weight: bold">Number of <BR> Securities <BR> underlying <BR> unexercised <BR> options <BR> exercisable</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid; font-weight: bold">Number of <BR> Securities <BR> underlying <BR> unexercised <BR> options <BR> not exercisable</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid; font-weight: bold">Option <BR> exercise or <BR> base price per share</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid; font-weight: bold">Option <BR> Expiration Date</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid; font-weight: bold">Number of<BR> Shares or<BR> Units of Stock Not Vested</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Market Value </B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>of Shares or Units Not Vested</B></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Equity Incentive Plan Awards:</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Number of Unearned Shares, Units or Other Rights Not Vested</B></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid; font-weight: bold">Value of Unearned Shares, Units or Other Rights Not Vested</TD></TR>
<TR STYLE="text-align: center; background-color: rgb(204,238,255); vertical-align: top">
    <TD STYLE="width: 28%; padding-left: 1.45pt; text-align: left; vertical-align: top">John P. Campi<BR> Chief Executive Officer <SUP>(1)</SUP></TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 5%">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 5%">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 5%">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 5%">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 5%">750,000</TD><TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%">$</TD><TD STYLE="width: 5%">187,500</TD><TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 5%">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 5%">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 1.45pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="text-align: center; background-color: rgb(204,238,255); vertical-align: top">
    <TD STYLE="padding-left: 1.45pt; text-align: left; vertical-align: top"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">James R. Hills,</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">former Chief Executive Officer <SUP>(2)</SUP></P></TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&mdash;&nbsp;&nbsp;</TD><TD>&nbsp;</TD></TR>
</TABLE>


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

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

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">(1) Pursuant an employment agreement dated
November 21, 2014, Mr. Campi receives a gross annual salary of $102,000 per year. Mr. Campi also received 750,000 shares of the
Company&rsquo;s common stock, whereby 250,000 shares will vest after six months of employment, or May 20, 2015, and 500,000 shares
will vest on December 31, 2015.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">(2) James R. Hills resigned from his position
as Chief Executive Officer on November 21, 2014. Pursuant to a mutual agreement and release between Mr. Hills and the Company,
Mr. Hills received 250,000 shares of the Company&rsquo;s common stock upon his resignation, and released the Company of any obligations
concerning future issuances of shares of the Company&rsquo;s common stock under his employment agreement.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Employment Agreements</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">Effective November 21, 2014, by mutual agreement of James R.
Hills and the Company, that certain Amended and Restated Employment Agreement, dated March 26, 2014, was terminated without
cause or reason and Mr. Hills withdrew from his position as the Company&rsquo;s Chief Executive Officer. The Company and Mr.
Hills entered into an Agreement and Mutual Release and Waiver dated November 21, 2014 (the &ldquo;Hills Agreement&rdquo;)
providing for, among other things, the mutual extinguishment of any obligations and the release of any claims existing as of
the date of the Hills Agreement. Subject to other customary terms and conditions of such agreements, the Hills Agreement
provides that Mr. Hills shall receive (i) all accrued salary, incentive compensation, benefits and reimbursements due to him
as of the effective date of the Hills Agreement; (ii) the right to retain the 500,000 shares of common stock of the Company
previously granted to him and the 250,000 shares of common stock of the Company scheduled to vest on December 31, 2014; and
(iii) one half of one percent (0.50%) of gross revenue generated solely from orders placed by Home Depot for a period of
thirty-six (36) months.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">On November 21, 2014, the Company entered
into an Executive Employment Agreement (the &ldquo;CEO Agreement&rdquo;) with Mr. Campi to serve as its Chief Executive Officer.
The CEO Agreement provides that Mr. Campi will serve for an initial term ending December 31, 2015 (the &ldquo;Initial Term&rdquo;),
which may be renewed by the mutual agreement of Mr. Campi and the Company within 30 days prior to the expiration of the Initial
Term.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"></P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">Subject to other customary terms and conditions
of such agreements, the CEO Agreement provides that Mr. Campi will receive a base salary of $102,000 per year, which may be adjusted
each year at the discretion of the Company&rsquo;s Board. As further consideration, the CEO Agreement includes a sign-on bonus
of 750,000 shares of the Company&rsquo;s common stock, with 250,000 shares vesting after the first six months of employment and
the remaining 500,000 shares vesting at the end of the Initial Term. The CEO Agreement also includes incentive compensation equal
to (i) one half of one percent (0.5%) of the first $20,000,000 of the Company&rsquo;s annual gross revenue plus one quarter of
one percent (0.25%) of the Company&rsquo;s annual gross revenue above $20,000,000; (ii) three percent (3%) of the Company&rsquo;s
annual net income; and (iii) five (5) year options to purchase shares of the Company&rsquo;s common stock equal to one half of
one percent (0.5%) of the Company&rsquo;s quarterly net income, with a strike price to be determined at the time such options
are granted.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">Pursuant to the CEO Agreement, if terminated without cause during
the Initial Term, Mr. Campi will be entitled to receive six months unpaid salary and incentive compensation equal to a total of
500,000 shares of the Company&rsquo;s common stock, vested upon termination, and any other incentive compensation then due, paid
pro rata. If terminated without cause after the Initial Term, Mr. Campi will be entitled to receive half of his then applicable
annual base salary. Under the CEO Agreement, termination for cause includes (i) acts of fraud, embezzlement, theft or neglect
of or refusal to perform the duties of our Chief Executive Officer, provided that such refusal or neglect is materially injurious
to our financial condition or our reputation; (ii) a material violation of the CEO Agreement left uncured for more than 30 days;
or (iii) Mr. Campi&rsquo;s death, disability or incapacity.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Consulting Agreements</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">On November 25, 2013, we entered into a Consulting
Agreement with our founder and the Chairman or our Board, Rani Kohen (the &ldquo;Consulting Agreement&rdquo;). The term of the
Consulting Agreement is for three (3) years, beginning on December 1, 2013. Subject to the customary terms and conditions of such
agreements, the Consulting Agreement provides that Mr. Kohen will receive an annual consulting fee of $150,000, which may be increased
each year at our Board&rsquo;s discretion. As further consideration, the Consulting Agreement includes incentive compensation
in the form cash, stock and/or options (i) equal to one-half a percent (0.5%) of our annual gross revenue; and (ii) to be determined
by our Board on a project-by-project basis.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">Pursuant to the Consulting Agreement, if terminated
by our Board without cause, Mr. Kohen will be entitled to receive all unpaid salary due through the term of the Consulting Agreement,
and any incentive compensation or other bonus compensation then due. If otherwise terminated by the Board, Mr. Kohen will be entitled
to only receive 50% of the unpaid applicable annual consulting fee. Under the Consulting Agreement, termination for cause includes
(i) an act of fraud, embezzlement, or theft; (ii) a material violation of the Consulting Agreement left uncured for more than
30 days; or (iii) Mr. Kohen&rsquo;s death, disability or incapacity.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Equity Compensation Plan Information</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">We currently do not have an equity compensation plan.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Director Compensation</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">We do not pay cash compensation to our directors for service on
our Board and our employees do not receive compensation for serving as members of our Board.&nbsp;&nbsp;Directors are reimbursed
for reasonable expenses incurred in attending meetings and carrying out duties as board members.&nbsp;&nbsp;However, Messrs. Peter
and Ridge each received options on September 3, 2013, which expire five (5) years from the grant date, to purchase 100,000 shares
of our common stock at an exercise price of $0.375 as compensation for past services on our Board.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B></B></P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Indemnification of Officers and Directors</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">Our bylaws provide that we shall indemnify,
to the fullest extent permitted by applicable law, our officers, directors, employees and agents against expenses incurred in
connection with actions or proceedings brought against them by reason of their serving or having served as officers, directors,
employees, agents or in other capacities.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">We currently maintain director&rsquo;s and
officer&rsquo;s liability insurance through AON Risk Solutions from AIG.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">Insofar as indemnification for liabilities
arising under the Securities Act may be permitted to our directors and officers pursuant to the foregoing provisions, or otherwise,
we have been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities
Act and is, therefore, unenforceable.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold"></P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">PRINCIPAL SHAREHOLDERS</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">The following table sets forth certain information with respect
to the beneficial ownership of common stock by: (i) each director, (ii) each of the executive officers of the Company, (iii) all
current directors and executive officers as a group, and (iv) each stockholder known to the Company to be the beneficial owner
of more than 5% of the outstanding shares of the Company&rsquo;s common stock. Unless otherwise indicated in the footnotes to
the table, all information set forth in the table is as of March 31, 2015. The addresses for the greater than 5% stockholders
are set forth in the footnotes to this table.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Directors and Named Executive Officers</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; font-weight: bold; font-size: 9pt">
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid">Title of Class</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: top">Name and Address of Beneficial Owner</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Amount and Nature of Beneficial Ownership (1)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Percent of Class (1)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="text-align: left; background-color: rgb(204,238,255); vertical-align: top">
    <TD STYLE="width: 22%">Common Stock</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 21%">Mr. Rani Kohen <BR>KRNB Holdings LLC&nbsp;<BR> 3245 Peachtree Parkway&nbsp;<BR> Suwanee, GA 30024 (2)</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 19%; text-align: right; vertical-align: top">8,003,969</TD><TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 19%; text-align: right; vertical-align: top">22.39</TD><TD STYLE="width: 1%">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="padding-left: 5.75pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">Common Stock</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">Mr. Phillips Peter&nbsp;<BR> 1140 Connecticut Avenue, NW<BR> Suite 510<BR> Washington, D.C. 20036 (3)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">300,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">*</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="padding-left: 5.75pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">Common Stock</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">Mr. Thomas Ridge&nbsp;<BR> 1140 Connecticut Avenue, NW <BR> Suite 510&nbsp;<BR> Washington, D.C. 20036 (4)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">1,225,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">3.39</TD><TD STYLE="text-align: right; vertical-align: top">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="padding-left: 5.75pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">Common Stock</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">Mr. Dov Shiff&nbsp;<BR> 167 Hayarkon Street&nbsp;<BR> Tel Aviv 31032 Israel (5)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">13,249,598</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">33.09</TD><TD STYLE="text-align: right; vertical-align: top">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="padding-left: 5.75pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="text-align: left; background-color: rgb(204,238,255); vertical-align: top">
    <TD>Common Stock</TD><TD>&nbsp;</TD>
    <TD STYLE="text-indent: 0pt; text-align: left; vertical-align: bottom">John P. Campi (12)<BR> 4400 North Point Parkway<BR> Suite 154<BR> Alpharetta, GA 30022</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">0</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">*</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="padding-left: 5.75pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">Common Stock</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">All Directors and Officers as a Group (5 persons)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">22,778,567</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">56.26</TD><TD STYLE="text-align: right; vertical-align: top">%</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B></B></P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Stockholders
with 5% Beneficial Ownership</B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid">Title of Class</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center">Name and Address of Beneficial Owner</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Amount and Nature of Beneficial Ownership (1)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Percent of Class (1)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="text-align: left; background-color: rgb(204,238,255); vertical-align: top">
    <TD STYLE="width: 22%">Common Stock</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 21%">Mr. Dov Shiff&nbsp;<BR> 167 Hayarkon Street&nbsp;<BR> Tel Aviv 31032 Israel (5)</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 19%; text-align: right; vertical-align: top">13,249,598</TD><TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 19%; text-align: right; vertical-align: top">33.09</TD><TD STYLE="width: 1%">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="text-align: left; background-color: rgb(204,238,255); vertical-align: top">
    <TD>Common Stock</TD><TD>&nbsp;</TD>
    <TD>KRNB Holdings LLC&nbsp;<BR> 3245 Peachtree Parkway&nbsp;<BR> Suwanee, GA 30024 (2)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">8,003,969</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">22.39</TD><TD>%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="text-align: left; background-color: rgb(204,238,255); vertical-align: top">
    <TD>Common Stock</TD><TD>&nbsp;</TD>
    <TD>Motek 7 SQL LLC <BR> 19101 Mystic Pointe Drive <BR> Apt. 2808 <BR> Aventura, FL 33180 (6)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">7,771,566</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">21.74</TD><TD>%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="text-align: left; background-color: rgb(204,238,255); vertical-align: top">
    <TD>Common Stock</TD><TD>&nbsp;</TD>
    <TD>David S. Nagelberg 2003 Revocable Trust DTD 7/2/03 <BR> 99 Coast Boulevard, Unit 21 DE <BR> LaJolla, CA 92037 (7)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">3,300,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">8.45</TD><TD>%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="text-align: left; background-color: rgb(204,238,255); vertical-align: top">
    <TD>Common Stock</TD><TD>&nbsp;</TD>
    <TD>Mr. James R. Hills <BR> 675 West Paces Ferry Rd NW, Unit #4 <BR> Atlanta, GA 30327 (8)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">2,704,901</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">7.22</TD><TD>%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="text-align: left; background-color: rgb(204,238,255); vertical-align: top">
    <TD>Common Stock</TD><TD>&nbsp;</TD>
    <TD>Dutchess Opportunity Fund II LP <BR> 50 Commonwealth Avenue, Suite 2 <BR> Boston, MA 02116 (9)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">2,400,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">6.53</TD><TD>%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="text-align: left; background-color: rgb(204,238,255); vertical-align: top">
    <TD>Common Stock</TD><TD>&nbsp;</TD>
    <TD>Harry Mittelman Rev. Living Trust <BR> 12100 Kate Drive <BR> Los Altos Hills, CA 94022 (10)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">2,310,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">6.07</TD><TD>%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="text-align: left; background-color: rgb(204,238,255); vertical-align: top">
    <TD>Common Stock</TD><TD>&nbsp;</TD>
    <TD>XLR-8 (Delaware) LLC&nbsp; <BR> 3060 Peachtree Road NW, Suite 380 <BR> Atlanta, GA 30305 (11)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">2,150,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">5.67</TD><TD>%</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">* Less than 1%</P>

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

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<TD STYLE="width: 15pt; text-align: right">(1)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Applicable percentages are based on 35,750,000 shares outstanding, adjusted as required
by rules of the SEC. Beneficial ownership is determined under the rules of the SEC and generally includes voting or investment
power with respect to securities. Shares of common stock subject to options, warrants and convertible notes currently exercisable
or convertible, or exercisable or convertible within 60 days are deemed outstanding for computing the percentage of the person
holding such securities but are not deemed outstanding for computing the percentage of any other person. Unless otherwise indicated
in the footnotes to this table, the Company believes that each of the shareholders named in the table has sole voting and investment
power with respect to the shares of common stock indicated as beneficially owned by them.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(2)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Mr. Rani Kohen has beneficial ownership over these shares as Manager of KRNB Holdings
LLC. Pursuant to the terms of a Lock-Up and Leak Out Agreement, dated as of November 15, 2013, by and between the Company and
Mr. Rani Kohen, Mr. Rani Kohen has agreed to lock up all 8,003,969 of KRNB Holdings LLC&rsquo;s shares of common stock for a period
of twenty-four (24) months after the effectiveness of the agreement, ending November 14, 2015, and pursuant to the terms thereof.
However, upon the effectiveness of the Registration Statement and until the end of the lock-up period, KRNB Holdings LLC may sell
shares of its common stock of the Company if the price per share is not less than $0.25 per share; provided, however, that if
the price per share is between $0.25 and $0.50, $0.51 and $1.00, or $1.01 and $2.00, KRNB Holdings LLC may only sell shares of
common stock in an aggregate amount up to 2%, 3% or 4% of the weekly volume of our common stock, respectively, rounded up to the
nearest one hundred (100) shares.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(3)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Mr. Phillips Peter beneficially owns 300,000 shares of our common stock, including
(i) 200,000 shares of common stock owned prior to the Notes Offering and (ii) 100,000 shares of common stock issuable upon exercise
of options held by Mr. Phillips Peter.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(4)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Mr. Thomas Ridge beneficially owns 1,225,000 shares of our common stock, including
(i) 875,000 shares of common stock owned prior to the Notes Offering, (ii) 100,000 shares of common stock issuable upon exercise
of options held by Mr. Thomas Ridge, (iii) 50,000 shares of common stock issuable upon exercise of warrants issued pursuant to
the Notes Offering and (iv) 200,000 shares of common stock issuable upon conversion of the Notes issued pursuant to the Notes
Offering.</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">(5)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Mr. Dov Shiff beneficially owns 13,249,598 shares of common stock, including (i) 8,959,598
shares of common stock owned by Mr. Shiff, (ii) 1,690,000 shares of common stock issuable upon exercise of warrants issued pursuant
to the Notes Offering and (iii) 2,600,000 shares of common stock issuable upon conversion of the Notes issued pursuant to the
Notes Offering. Pursuant to the terms of a Lock-Up and Leak Out Agreement, dated as of November 13, 2013, by and between the Company
and Mr. Dov Shiff, Mr. Shiff has agreed to lock up 8,959,598 of his shares of common stock for a period of twenty-four (24) months
after the effectiveness of the agreement, ending November 12, 2015, and pursuant to the terms thereof. However, as of October
1, 2014 and until the end of the lock-up period, Mr. Shiff may sell shares of his common stock of the Company if the price per
share is not less than $0.25 per share; provided, however, that if the price per share is between $0.25 and $0.50, $0.51 and $1.00,
or $1.01 and $2.00, Mr. Shiff may only sell shares of common stock in an aggregate amount up to 4%, 6% or 8% of the weekly volume
of our common stock, respectively, rounded up to the nearest one hundred (100) shares.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(6)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Pursuant to the terms of a Lock-Up and Leak Out Agreement, dated as of November 13,
2013, by and between the Company and Motek 7 SQL LLC, Motek 7 SQL LLC has agreed to lock up all 7,771,566 of its shares of common
stock for a period of twenty-four (24) months after the effectiveness of the agreement, ending November 12, 2015, and pursuant
to the terms thereof. However, upon the effectiveness of the Registration Statement and until the end of the lock-up period, Motek
7 SQL LLC may sell shares of its common stock of the Company if the price per share is not less than $0.25 per share; provided,
however, that if the price per share is between $0.25 and $0.50, $0.51 and $1.00, or $1.01 and $2.00, Motek 7 SQL LLC may only
sell shares of common stock in an aggregate amount up to 1%, 1.5% or 2% of the weekly volume of our common stock, respectively,
rounded up to the nearest one hundred (100) shares.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(7)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The David S. Nagelberg 2003 Revocable Trust DTD 7/2/03 beneficially owns 3,300,000
shares of common stock, including (i) 1,300,000 shares of common stock issuable upon exercise of warrants issued pursuant to the
Notes Offering and (ii) 2,000,000 shares of common stock issuable upon conversion of the Notes issued pursuant to the Notes Offering.</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">(8)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Mr. James R. Hills beneficially owns 2,704,901 shares of common stock, including (i)
730,818 shares of common stock issued prior to the Notes Offering, (ii) 74,083 shares of common stock issuable upon exercise of
certain warrants owned by Mr. James R. Hills, (iii) 650,000 shares of common stock issuable upon exercise of warrants issued pursuant
to the Notes Offering, (iv) 1,000,000 shares of common stock issuable upon conversion of the Notes issued pursuant to the Notes
Offering, and (v) 250,000 shares of common stock issued pursuant to the Hills Agreement and after the effectiveness of the Registration
Statement.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(9)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Dutchess Opportunity Fund II LP beneficially owns 2,400,000 shares of our common stock,
including (i) 1,400,000 shares of common stock, (ii) 200,000 shares of common stock issuable upon exercise of warrants issued
pursuant to the Notes Offering and (iii) 800,000 shares of common stock issuable upon conversion of the Notes issued pursuant
to the Notes Offering. Pursuant to the terms of a Lock-Up and Leak Out Agreement, dated as of November 12, 2013, by and between
the Company and Dutchess Opportunity Fund II LP, Dutchess Opportunity Fund II LP has agreed to lock up 1,400,000 of its shares
of common stock for a period of twenty-four (24) months after the effectiveness of the agreement, ending November 11, 2015, and
pursuant to the terms thereof. However, upon the effectiveness of the Registration Statement and until the end of the lock-up
period, Dutchess Opportunity Fund II LP may sell shares of its common stock of the Company if the price per share is not less
than $0.25 per share; provided, however, that if the price per share is between $0.25 and $0.50, $0.51 and $1.00, or $1.01 and
$2.00, Dutchess Opportunity Fund II LP may only sell shares of common stock in an aggregate amount up to 2%, 3% or 4% of the weekly
volume of our common stock, respectively, rounded up to the nearest one hundred (100) shares.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(10)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Harry Mittelman Revocable Living Trust beneficially owns 2,310,000 shares of common
stock, including (i) 910,000 shares of common stock issuable upon exercise of warrants issued pursuant to the Notes Offering and
(ii) 1,400,000 shares of common stock issuable upon conversion of the Notes issued pursuant to the Notes Offering.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(11)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">XLR-8 (Delaware) LLC beneficially owns 2,150,000 shares of common stock, including
(i) 750,000 shares of common stock issuable upon exercise of warrants issued pursuant to the Notes Offering and (ii) 1,400,000
shares of common stock issuable upon conversion of the Notes issued pursuant to the Notes Offering.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(12)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Pursuant to the CEO Agreement, Mr. John P. Campi is entitled to receive up to 750,000
shares of the Company&rsquo;s Common Stock, whereby 250,000 shares will vest on May&nbsp;20, 2015 and 500,000 shares will vest
on December&nbsp;31, 2015</TD>
</TR></TABLE>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">RELATED PARTY TRANSACTIONS</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; font-weight: bold">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">We are currently party to a consulting agreement with Mr. Rani
Kohen, Chairman of the Company&rsquo;s Board of Directors, pursuant to which we are required to pay cash compensation in the amount
of $150,000 per year.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">DESCRIPTION OF SECURITIES</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">We are authorized to issue 500,000,000 shares
of common stock, no par value.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Common Stock</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">The holders of common stock are entitled to
one vote per share on all matters submitted to a vote of shareholders, including the election of directors. There is no cumulative
voting in the election of directors. The holders of common stock are entitled to any dividends that may be declared by the board
of directors out of funds legally available for payment of dividends subject to the prior rights of holders of preferred stock
and any contractual restrictions we have against the payment of dividends on common stock. In the event of our liquidation or
dissolution, holders of common stock are entitled to share ratably in all assets remaining after payment of liabilities and the
liquidation preferences of any outstanding shares of preferred stock. Holders of common stock have no preemptive rights and have
no right to convert their common stock into any other securities.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B></B></P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Registration Rights</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">On November 26, 2013, May 8, 2014 and June
25, 2014, we entered into the Registration Rights Agreements. The Registration Rights Agreements required us to file, within sixty
(60) days following execution of the applicable Registration Rights Agreement and to have a registration statement declared effective
by the SEC within ninety (90) days thereafter. The Registration Statement, of which this prospectus amends and forms a part, was
filed to satisfy our obligation under the Registration Rights Agreement.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">Because we were unable to file the Registration Statement
pursuant to terms of each Registration Rights Agreement dated as of November 26, 2013 and May 8, 2014, we were in default
under such Registration Rights Agreements for the Notes sold in November 2013 and May 2014 until we filed the Registration
Statement on August 1, 2014. In addition, because we were unable to have the Registration Statement declared effect pursuant
to terms of each Registration Rights Agreement dated as of November 26, 2013 and May 8, 2014, we were in default under such
Registration Rights Agreements for the Notes sold in November 2013 and May 2014 until the Registration Statement was declared
effective by the SEC on October 22, 2014.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Lock-Up Agreements</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">In connection with the Notes Offering, certain
of our shareholders agreed to lock-up their respective shares, or a portion thereof, for a period of twenty-four (24) months beginning
on the date the agreement is effective, pursuant to the terms of a Lock-Up and Leak-Out Agreement (the &ldquo;Lock-Up Agreement&rdquo;).
Pursuant to the Lock-Up Agreement, upon the earlier of a date specified that is approximately one-year from signing the Lock Up
Agreement or the effectiveness of this Registration Statement, of which this prospectus amends and forms a part, and until the
end of the twenty-four (24) month period (the &ldquo;Restricted Sale Period&rdquo;), shareholders may begin selling a percentage
of our common stock held by such shareholder in an aggregate amount equal to a specified percentage of the total weekly volume
of our common stock, based on the price of our common stock in the open market at the time of sale. If, during the Restricted
Sale Period, the price per share of our common stock is less than $0.25, the shareholders may not sell any common stock. If, during
the Restricted Sale Period, the price per share of our common stock is between $0.25 and $0.50, $0.51 and $1.00, or $1.01 and
$2.00, then the shareholders can sell up to a specified aggregate amount equal to a specified percentage of the total weekly volume
of our common stock. If, during the Restricted Sale Period, the price per share of our common stock is greater than $2.00, there
is no restriction on the number of shares eligible for sale. Any aggregate amount of common stock eligible for sale during the
Restricted Sale Period will be rounded up to the nearest one hundred (100) shares.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">The percentages of the total weekly volume
of our common stock are specific to each Lock-Up Agreement, which are set forth the Selling Shareholders table and Principal Shareholders
table on pages 23 and 54 of this prospectus, respectively.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Anti-Takeover Provisions &ndash; Florida Law </B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">Unless a corporation opts out, the Florida
Business Corporation Act (FBCA) prohibits the voting of shares in a publicly-held Florida corporation that are acquired in a &ldquo;control
share acquisition&rdquo; unless the holders of a majority of the corporation&rsquo;s voting shares (exclusive of shares held by
officers of the corporation, inside directors, or the acquiring party) approve the granting of voting rights as to the shares
acquired in the control share acquisition. A &ldquo;control share acquisition&rdquo; is defined in the FBCA as an acquisition
that immediately thereafter entitles the acquiring party to vote in the election of directors within any of the following ranges
of voting power: one-fifth or more but less than one-third of all voting power, one-third or more but less than a majority of
all voting power, and a majority or more of all voting power. However, an acquisition of a publicly-held Florida corporation&rsquo;s
shares is not deemed to be a control-share acquisition if it is either (i)&nbsp;approved by such corporation&rsquo;s board of
directors before the acquisition, or (ii)&nbsp;made pursuant to a merger agreement to which such Florida corporation is a party.
Our articles of incorporation include a provision which opts us out of the &ldquo;control share acquisition&rdquo; statute under
the FBCA.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Dividends</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">We have not paid dividends on our common stock since inception
and do not plan to pay dividends on our common stock in the foreseeable future.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B></B></P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Transfer Agent</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">Pacific Stock Transfer is acting as our transfer
agent.&nbsp;&nbsp;The address information for Pacific Stock Transfer is 4045 South Spencer Street, Suite 403, Las Vegas, NV 89119,
the phone number is (702) 361-3033 and the facsimile is (702) 433-1979.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Share Eligible for Future Sale</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">We are registering 63,485,919 shares of common stock, of which
35,500,000 shares are issued and outstanding. The number of shares of common stock registered hereunder does not include 250,000
shares of our common stock issued and outstanding after the date this Registration Statement was first declared effective.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">PLAN OF DISTRIBUTION</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">Our common stock is currently not quoted on
any market. No market may ever develop for our common stock, or if developed, may not be sustained in the future. Accordingly,
our shares should be considered totally illiquid, which inhibits investors&rsquo; ability to resell their shares.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">Selling shareholders are offering up to 63,485,919 shares of
common stock. The selling shareholders may offer their shares at $0.25 per share until our shares are reported on the OTCBB
or quoted on an exchange, if any, and thereafter at prevailing market prices or privately negotiated prices. We will not
receive proceeds from the sale of shares from the selling security holders.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">The securities offered by this prospectus
will be sold by the selling shareholders from time to time, in one or more transactions. The distribution of the securities by
the selling shareholders may be effected in one or more transactions that may take place in the over-the-counter market, including
broker's transactions or privately negotiated transactions.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">The selling shareholders may pledge all or
a portion of the securities owned as collateral for margin accounts or in loan transactions, and the securities may be resold
pursuant to the terms of such pledges, margin accounts or loan transactions. Upon default by such selling shareholders, the pledge
in such loan transaction would have the same rights of sale as the selling shareholders under this prospectus. The selling shareholders
may also enter into exchange traded listed option transactions, which require the delivery of the securities listed under this
prospectus. After our securities are qualified for quotation on the over the counter bulletin board, the selling shareholders
may also transfer securities owned in other ways not involving market makers or established trading markets, including directly
by gift, distribution, or other transfer without consideration, and upon any such transfer the transferee would have the same
rights of sale as such selling shareholders under this prospectus.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">In addition to the above, each of the selling
shareholders will be affected by the applicable provisions of the Exchange Act, including, without limitation, Regulation M, which
may limit the timing of purchases and sales of any of the securities by the selling shareholders or any such other person. Unless
granted an exemption by the SEC from Regulation M under the Exchange Act, or unless otherwise permitted under Regulation M, the
selling shareholder will not engage in any stabilization activity in connection with our common stock, will furnish each broker
or dealer engaged by the selling shareholder and each other participating broker or dealer the number of copies of this prospectus
required by such broker or dealer, and will not bid for or purchase any common stock of our or attempt to induce any person to
purchase any of the common stock other than as permitted under the Exchange Act.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">Following the effectiveness of the Registration
Statement, of which this prospectus amends and forms a part, the selling shareholders may, from time to time on a continuous basis,
offer and sell their shares registered under this Registration Statement.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">There can be no assurances that the selling
shareholders will sell any or all of the securities. In various states, the securities may not be sold unless these securities
have been registered or qualified for sale in such state or an exemption from registration or qualification is available and is
complied with.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"></P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">All of the foregoing may affect the marketability
of our securities. Pursuant to oral promises we made to the selling shareholders, we will pay all the fees and expenses incident
to the registration of the securities.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">Should any substantial change occur regarding
the status or other matters concerning the selling shareholders or us, we will file a post-effective amendment to the Registration
Statement, of which this prospectus amends and forms a part, disclosing such matters.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>OTCBB Considerations</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">Following the effectiveness of the Registration
Statement, of which this prospectus amends and forms a part, management had an application filed on our behalf by a market maker
for approval of our common stock for quotation on the OTCBB.&nbsp;Our application has not yet been approved, and no assurance
can be made that it will be approved. If it is approved, we anticipate that market makers will enter &ldquo;piggyback&rdquo; quotes
and our securities will thereafter trade on the OTCBB.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">The OTCBB is separate and distinct from the
NASDAQ stock market. NASDAQ has no business relationship with issuers of securities quoted on the OTCBB. The SEC&rsquo;s order
handling rules, which apply to NASDAQ-listed securities, do not apply to securities quoted on the OTCBB.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">Although the NASDAQ stock market has rigorous
listing standards to ensure the high quality of its issuers, and can delist issuers for not meeting those standards, the OTCBB
has no listing standards. Rather, it is the market maker who chooses to quote a security on the system, files the application,
and is obligated to comply with keeping information about the issuer in its files. FINRA cannot deny an application by a market
maker to quote the stock of a company. The only requirement for inclusion in the bulletin board is that the issuer be current
in its reporting requirements with the SEC.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">Investors must contact a broker-dealer to
trade OTCBB securities. Investors do not have direct access to the bulletin board service. For bulletin board securities, there
only has to be one market maker.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">Bulletin board transactions are conducted almost entirely manually.
Because there are no automated systems for negotiating trades on the bulletin board, they are conducted via telephone. In times
of heavy market volume, the limitations of this process may result in a significant increase in the time it takes to execute investor
orders. Therefore, when investors place market orders - an order to buy or sell a specific number of shares at the current market
price - it is possible for the price of a stock to go up or down significantly during the lapse of time between placing a market
order and getting execution. Because bulletin board stocks are usually not followed by analysts, there may be lower trading volume
than for NASDAQ-listed securities.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">LEGAL MATTERS</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">The validity of the securities offered hereby will be passed upon
for us by Thompson Hine LLP, New York, New York.&nbsp;&nbsp;</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">EXPERTS</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">The audited consolidated financial statements
appearing in this prospectus and Registration Statement for the&nbsp;years ended December 31, 2014 and 2013, have been audited
by Bongiovanni &amp; Associates, PA, an independent registered public accounting firm, as set forth in their report appearing
elsewhere herein, and are included in reliance upon such report given on the authority of such firm as experts in accounting and
auditing.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold"></P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">ADDITIONAL INFORMATION</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">We have filed this Registration Statement on Form S-1 under
the Securities Act with the SEC with respect to the shares of common stock to be sold in this Offering. This prospectus,
which is part of the Registration Statement, does not contain all the information set forth in the Registration
Statement.&nbsp;&nbsp;For further information with respect to us and the shares of our common stock to be sold in this
Offering, we make reference to the Registration Statement.&nbsp;&nbsp; Whenever we make reference in this prospectus to any
of our contracts, agreements or other documents, the references are not necessarily complete, and you should refer to the
exhibits attached to the Registration Statement for copies of the actual contract, agreement or other document. We are
required to file annual, quarterly and current reports and other information with the SEC. You can read and copy any of this
information at the SEC&rsquo;s Public Reference Room at 100 F Street, N.E., Washington, D.C. 20549 on official business days
during the hours of 10:00 a.m. to 3:00 p.m. You may obtain information on the operation of the Public Reference Room by
calling the SEC at 1-800-SEC-0330. This information is also available from the SEC&rsquo;s website at http://www.sec.gov.</P>

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P><P STYLE="font-family: Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold"><B><U>Index to Consolidated Financial Statements</U></B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">Pages</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 90%; text-align: justify">Report of Independent Registered Public Accounting Firm</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: justify">F-2</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Consolidated Balance Sheets &ndash; December 31, 2014 and 2013</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">F-3</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Consolidated Statements of Comprehensive Income &ndash; December 31, 2014 and 2013 <BR></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">F-4</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD></TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Consolidated Statement of Stockholder&rsquo;s Deficit &ndash; December 31, 2014 and 2013 <BR></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">F-5</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Consolidated Statements of Cash Flows &ndash; December 31, 2014 and 2013</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">F-8</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Notes to Consolidated Financial Statements</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">F-10</TD></TR>
</TABLE>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><IMG SRC="image_003.jpg" ALT="" STYLE="height: 70px; width: 587px"></P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: right">7951 SW 6th St., Suite. 216</P>

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: right">Plantation, FL 33324</P>

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: right">Tel: 954-424-2345</P>

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: right">Fax: 954-424-2230</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">REPORT OF INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">To the Board of Directors and Shareholders
of</P>

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Safety Quick Lighting &amp; Fans Corp. and
Subsidiary</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">We have audited the accompanying consolidated
balance sheets of Safety Quick Lighting &amp; Fans Corp. and Subsidiary (&ldquo;the Company&rdquo;) as of December 31, 2014 and
2013 and the related consolidated statements of operations, stockholders&rsquo; deficit, and consolidated cash flows for the years
ended December 31, 2014 and 2013. These consolidated financial statements are the responsibility of the Company&rsquo;s management.
Our responsibility is to express an opinion on these consolidated financial statements based on our audits.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">We conducted our audit in accordance with
the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform
the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company
is not required to have, nor were we engaged to perform, an audit of their internal control over financial reporting. Our audit
included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate
in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company&rsquo;s internal control
over financial reporting. Accordingly, we express no such opinion. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made
by the management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable
basis for our opinion.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">In our opinion, the consolidated financial
statements referred to above present fairly, in all material respects, the consolidated financial position of the Company as of
December 31, 2014 and 2013, and the results of its operations, changes in stockholders&rsquo; deficit and cash flows for the years
ended December 31, 2014 and 2013 in conformity with accounting principles generally accepted in the United States of America.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying consolidated financial
statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 14 to the consolidated
financial statements, the Company has insufficient working capital, a stockholders&rsquo; deficit and recurring net losses, which
raises substantial doubt about its ability to continue as a going concern. Management&rsquo;s plans regarding those matters also
are described in Note 14. The consolidated financial statements do not include any adjustments that might result from the outcome
of this uncertainty.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">/s/ Bongiovanni &amp; Associates, PA</P>

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Bongiovanni &amp; Associates, PA</P>

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Certified Public Accountants</P>

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Plantation, Florida</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">The United States of America</P>

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">March 31, 2015</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: right"><U>www.ba.cpa.net</U></P>


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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">Safety Quick Lighting &amp; Fans
    Corp. and Subsidiary</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">Consolidated Balance Sheets</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">December
    31, 2014 and 2013</TD></TR>
<TR STYLE="text-align: center; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 10pt; font-weight: bold; border-bottom: Black 1pt solid">2014</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 10pt; font-weight: bold; border-bottom: Black 1pt solid">2013</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; padding-left: 5.75pt">Assets</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-left: 5.75pt">Current assets:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 72%; font-size: 10pt; text-align: left; text-indent: 10pt; padding-left: 5.75pt">Cash and cash equivalents</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">1,241,487</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">1,132,974</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: 10pt; padding-left: 5.75pt">Prepaid expenses</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">29,641</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">40,000</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; padding-bottom: 1pt; text-indent: 10pt; padding-left: 5.75pt">Other</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: 20.1pt; padding-left: 5.75pt; font-weight: bold">Total current
    assets</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,271,128</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,172,974</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-left: 5.75pt">Furniture and Equipment - net</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">132,609</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">6,046</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-left: 5.75pt">Other assets:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: 10pt; padding-left: 5.75pt">Patent - net</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">46,419</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">24,697</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: 10pt; padding-left: 5.75pt">Debt issue costs &ndash; net</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">161,946</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">235,211</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: 10pt; padding-left: 5.75pt">GE trademark license &ndash; net</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">9,565,217</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt; text-indent: 10pt; padding-left: 5.75pt">Other assets</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">65,714</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: 20.1pt; padding-left: 5.75pt; font-weight: bold">Total other assets</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">9,839,296</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">259,908</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 2.5pt; padding-left: 5.75pt; font-weight: bold">Total assets</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">11,243,034</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">1,438,928</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-left: 5.75pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; padding-left: 5.75pt">Liabilities and Stockholders (Deficit)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-left: 5.75pt">Current liabilities:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: 10pt; padding-left: 5.75pt">Accounts payable &amp; accrued expenses</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">1,041,741</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">107,380</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: 10pt; padding-left: 5.75pt">Convertible debt &ndash; net of $970,150
    debt discount</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,223,982</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: 10pt; padding-left: 5.75pt">Convertible debt &ndash; related parties
    &ndash; net of $23,001 debt discount</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">26,999</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: 10pt; padding-left: 5.75pt">Notes payable - third party</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">98,086</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">98,086</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: 10pt; padding-left: 5.75pt">Notes payable - related party</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">26,108</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: 10pt; padding-left: 5.75pt">Derivative liabilities</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">4,651,762</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">2,751,504</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt; text-indent: 10pt; padding-left: 5.75pt">Other current
    liabilities</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">78,622</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: 20.1pt; padding-left: 5.75pt; font-weight: bold">Total current
    liabilities</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">7,121,192</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">2,983,078</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-left: 5.75pt">Long term liabilities:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: 10pt; padding-left: 5.75pt">Convertible debt - net of $1,582,087
    debt discount</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">688,013</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">361,245</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: 10pt; padding-left: 5.75pt">Convertible debt - related parties
    - net of debt discount</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">50,000</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: 10pt; padding-left: 5.75pt">Notes payable</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">307,009</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">405,117</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt; text-indent: 10pt; padding-left: 5.75pt">GE royalty obligation</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">12,000,000</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: 20.1pt; padding-left: 5.75pt; font-weight: bold">Total long term
    liabilities</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">12,995,022</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">816,362</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt; padding-left: 5.75pt; font-weight: bold">Total liabilities</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">20,116,214</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">3,799,440</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-left: 5.75pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-left: 5.75pt; font-weight: bold">Stockholders' deficit:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: 0pt; padding-left: 20pt">Preferred stock: $0 par value, 20,000,000
    shares authorized; 0 shares issued and outstanding</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: 0pt; padding-left: 20pt">Common stock: $0 par value, 500,000,000
    shares authorized; 35,750,000 and 34,500,000 shares issued and outstanding at December 31, 2014 and 2013, respectively</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">127,400</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">126,400</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: 0pt; padding-left: 20pt">Additional paid-in capital</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">6,359,127</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">6,068,045</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt; text-indent: 0pt; padding-left: 20pt">Accumulated deficit</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(15,324,264</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(8,519,517</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: 0pt; padding-left: 30pt">Total Stockholders' deficit</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(8,837,737</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(2,325,072</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt; text-indent: 0pt; padding-left: 20pt">Noncontrolling interest</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(35,442</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(35,440</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt; text-indent: 0pt; padding-left: 30pt; font-weight: bold">Total
    Deficit</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(8,873,179</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(2,360,512</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: 0pt; padding-left: 30pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 2.5pt; text-indent: 0pt; padding-left: 40pt; font-weight: bold">Total
    liabilities and stockholders' deficit</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">11,243,034</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">1,438,928</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
</TABLE>





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<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17" STYLE="font-weight: bold; text-align: center">&nbsp;<B>Safety Quick Lighting &amp; Fans Corp. and Subsidiary</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Consolidated Statements of
    Comprehensive Income</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold">&nbsp;</TD></TR>
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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="text-align: center; vertical-align: bottom">
    <TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-bottom: Black 1pt solid">2014</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-bottom: Black 1pt solid">2013</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 72%; font-weight: bold; text-align: left; padding-left: 5.4pt">General and administrative expenses</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">4,799,696</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">1,401,435</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Loss from operations</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(4,799,696</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,401,435</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 5.4pt">Other income (expense)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Interest expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,139,485</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(171,590</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Derivative expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(568,485</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,156,262</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Change in fair value of embedded derivative liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">702,917</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">34,250</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Loss on debt extinguishment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(12,731</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Gain on debt forgiveness</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">100,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Total other expense - net</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,005,053</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,206,333</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Net loss including noncontrolling interest</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6,804,749</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,607,768</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Less: net loss attributable to noncontrolling interest</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(34,433</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt">Net loss attributable to Safety Quick Lighting &amp;
    Fans Corp.</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(6,804,747</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(2,573,335</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt">Net loss per share - basic and diluted</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(0.20</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(0.08</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt">Weighted average number of common shares outstanding
    during the year - basic and diluted</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">33,644,359</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">32,128,444</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>



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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="33" STYLE="font-weight: bold; text-align: center">Safety Quick Lighting &amp; Fans Corp. and Subsidiary</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="33" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Consolidated Statement of Stockholders'
    Deficit</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="33">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 12pt">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center">Preferred Stock</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center">Common Stock,</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Additional</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Non</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Total</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">$0 Par Value</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">$0 Par Value</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">Paid-</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">Accumulated</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">Controlling</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">Stockholders&rsquo;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Shares</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Amount</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Shares</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Amount</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">in Capital</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Deficit</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Interest</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Deficit</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 28%; font-weight: bold; padding-left: 5.4pt">Balances, December 31, 2011</TD><TD STYLE="width: 2%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; font-weight: bold; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 5%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; text-align: right">31,133,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 5%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 5%; text-align: right">4,294,675</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 5%; text-align: right">(5,101,600</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 5%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 5%; text-align: right">(806,925</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Sale of 4.5% interest in subsidiary</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">768,807</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,193</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">774,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Imputed interest</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,385</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,385</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Net loss</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(844,582</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(25,738</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(870,320</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-left: 5.4pt">Balances, December 31, 2012</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">31,133,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,066,867</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(5,946,182</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(20,545</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(899,860</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Debt forgiveness - related parties</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">83,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">83,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Reclassification of derivative liability associated with warrants</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">311,709</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">311,709</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Loss on debt extinguishment - related party</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,278</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,278</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Exercise of stock warrants for cash</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,400,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,400</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,400</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Common stock issued for services - related party - ($0.25/share)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">500,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">125,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">125,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Issuance of shares to reacquire 4.5% ownership in subsidiary-($0.25/share)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,467,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(19,538</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">19,538</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="33" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center">&nbsp;<B>Safety
    Quick Lighting &amp; Fans Corp. and Subsidiary</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="33" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B>Consolidated
    Statement of Stockholders' Deficit (Continued)</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="33" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="7" STYLE="text-align: center"><B>Preferred Stock</B></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="7" STYLE="text-align: center"><B>Common Stock, $0 Par </B></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Additional</B></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Non</B></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Total</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-bottom: black 1pt solid; text-align: center"><B>$0 Par Value</B></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-bottom: black 1pt solid; text-align: center"><B>Value</B></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Paid-</B></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Accumulated</B></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Controlling</B></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Stockholders&rsquo;</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: center"><B>Shares</B></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: center"><B>Amount</B></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: center"><B>Shares</B></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: center"><B>Amount</B></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: center"><B>in Capital</B></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: center"><B>Deficit</B></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: center"><B>Interest</B></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: center"><B>Deficit </B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 10%; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 4%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 6%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 5.4pt">Common stock transferred from existing stockholders for services rendered - ($0.25/share)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">562,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">562,500</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 5.4pt">Stock options issued for services - related parties</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">66,785</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">66,785</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-bottom: 1pt; padding-left: 5.4pt">Net loss</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(2,573,335</TD>
    <TD STYLE="padding-bottom: 1pt">)</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(34,433</TD>
    <TD STYLE="padding-bottom: 1pt">)</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(2,607,768</TD>
    <TD STYLE="padding-bottom: 1pt">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-bottom: 2.5pt; padding-left: 5.4pt"><B>Balances, December 31, 2013</B></TD>
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>&mdash;&nbsp;&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid"><B>$</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>&mdash;&nbsp;&nbsp;</B></TD>
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>34,500,000</B></TD>
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid"><B>$</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>126,400</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid"><B>$</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>6,068,045</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid"><B>$</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>(8,519,517</B></TD>
    <TD STYLE="padding-bottom: 2.5pt"><B>)</B></TD>
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid"><B>$</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>(35,440</B></TD>
    <TD STYLE="padding-bottom: 2.5pt"><B>)</B></TD>
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid"><B>$</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>(2,360,512</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 2.5pt"><B>)</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 5.4pt">Payment for exercise of options from Grannus Financial &ndash; for 1,000,000 shares</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,000,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,000&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,000</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 5.4pt">Reclassification of derivative liability associated with warrants</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">214,769</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">214,769</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 5.4pt">Common stock issued per mutual release and waiver ($0.25 /share)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">250,000&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">62,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">62,500</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-bottom: 1pt; padding-left: 5.4pt"><P STYLE="margin-top: 0; margin-bottom: 0">Unvested share issued for
                                         services &ndash; related party ($0.25 /share)</P></TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">13,812&nbsp;&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">13,812</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 72 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center">Preferred Stock</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center">Common Stock,</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Additional</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Non</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Total</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">$0 Par Value</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">$0 Par Value</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">Paid-</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">Accumulated</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">Controlling</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">Stockholders&rsquo;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Shares</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Amount</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Shares</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Amount</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">in Capital</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Deficit</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Interest</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Deficit</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Net loss</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6,804,747</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6,804,749</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt; padding-left: 5.4pt">Balances, December 31, 2014</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">35,750,000</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">127,400</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">6,359,127</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(15,324,264</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(35,442</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(8,873,179</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD></TR>
</TABLE>



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

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

<!-- Field: Page; Sequence: 73 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 33%"><A HREF="#TableOfContents" STYLE="font-weight: bold; font-style: italic">Table of Contents</A></TD><TD STYLE="text-align: center; width: 34%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD><TD STYLE="text-align: right; width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: bold 10pt/115% Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;Safety
                                         Quick Lighting &amp; Fans Corp. and Subsidiary</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B>Consolidated
    Statements of Cash Flows</B></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Cash flows from operating activities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 72%; text-align: left; padding-left: 5.4pt">Net loss attributable to Safety Quick Lighting &amp; Fans Corp.</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">(6,804,747</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">(2,573,335</TD><TD STYLE="width: 1%; text-align: left">)</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Net loss attributable to noncontrolling interest</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(34,433</TD><TD STYLE="text-align: left">)</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Adjustments to reconcile net loss to net cash used in operating activities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Depreciation expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17,253</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">262</TD><TD STYLE="text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Amortization of debt issue costs</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">142,867</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,986</TD><TD STYLE="text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Amortization of debt discount</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,507,108</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">92,304</TD><TD STYLE="text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 5.4pt">Amortization of patent</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,002</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,457</TD><TD STYLE="text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Amortization of GE trademark license</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,434,783</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Change in fair value of derivative liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(702,917</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(34,250</TD><TD STYLE="text-align: left">)</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Derivative expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">568,751</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,156,262</TD><TD STYLE="text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Loss on debt extinguishment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,731</TD><TD STYLE="text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Gain on debt forgiveness</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,451</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(100,000</TD><TD STYLE="text-align: left">)</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Common stock transferred from existing stockholders for services rendered</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">562,500</TD><TD STYLE="text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Stock issued for services - related party</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">76,312</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">125,000</TD><TD STYLE="text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Stock options issued for services - related parties</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">66,785</TD><TD STYLE="text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Change in operating assets and liabilities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Prepaid expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,359</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(40,000</TD><TD STYLE="text-align: left">)</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Deferred royalty</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(12,000,000</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Royalty payable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,000,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 5.4pt">Other</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,908</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,500</TD><TD STYLE="text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Accounts payable &amp; accrued expenses</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">910,641</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">63,502</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Net cash used in operating activities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,800,231</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(685,729</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Cash flows from investing activities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Purchase of property &amp; equipment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(143,816</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6,013</TD><TD STYLE="text-align: left">)</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Payment of patent costs</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(24,724</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Net cash used in investing activities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(168,540</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(6,013</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Cash flows from financing activities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Direct issue costs paid</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(69,600</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(247,197</TD><TD STYLE="text-align: left">)</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Proceeds from issuance of convertible notes</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,270,100</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,000,000</TD><TD STYLE="text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Proceeds from note payable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">160,000</TD><TD STYLE="text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Proceeds from note payable - related party</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">61,655</TD><TD STYLE="text-align: left">&nbsp;</TD>
    </TR>
</TABLE>



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<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="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold"><B>Safety Quick Lighting &amp; Fans Corp.
    and Subsidiary</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B>Consolidated
    Statements of Cash Flows (Continued)</B></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 56%; padding-left: 5.4pt">Repayments of notes</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">(98,108</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">(116,331</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Repayments of notes - related party</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(26,108</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(35,547</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Proceeds from the exercise of warrants</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,400</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Proceeds from issuance of stock</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Net cash provided by financing activities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,077,284</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,823,980</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Increase cash and cash equivalents</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">108,513</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,132,238</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Cash and cash equivalents at beginning of year</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,132,974</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">736</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt">Cash and cash equivalents at end of year</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">1,241,487</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">1,132,974</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Supplementary disclosure of non-cash financing activities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt">Conversion of note payable and accrued interest to
    convertible note</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">244,133</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt">Debt forgiveness - related parties</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">83,000</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt">Debt discount recorded on convertible debt accounted
    for as a derivative liability</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">2,249,458</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">1,925,191</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt">Reclassification of derivative liability to additional
    paid-in-capital</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">214,769</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">311,709</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt">Loss on debt extinguishment - related party</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">3,278</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt">Reacquired 4.5% subsidiary ownership</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">19,538</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Supplementary disclosure of cash flow information</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Cash paid during the year for:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt; padding-left: 5.4pt">Interest</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">41,487</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">27,669</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt">Income taxes</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>




<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

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

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

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"></P>

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold; text-decoration: underline"><B>&nbsp;</B>Note
1 Organization and Nature of Operations</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Safety Quick Lighting &amp; Fans Corp. (the
&ldquo;Company&rdquo;), a Florida corporation, was originally organized in May 2004 as a limited liability company under the name
of Safety Quick Light, LLC (&ldquo;SQL-LLC&rdquo;). The Company was converted to corporation on November 6, 2012. The Company
holds a number of worldwide patents, and has received a variety of final electrical code approvals, including UL-Listing and CSA
approval (for the United States and Canadian Markets), and CE (for the European market). The Company maintains an office in Foshan,
Peoples Republic of China with three staff of quality control engineers.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&rsquo;s patented product is
a quick-connect, Power-Plug device (that is certified to hold up to 50 pounds) used in light fixtures and ceiling fans. The two-part
device consists of a female receptacle which installs into all junction boxes, and a male plug which is pre-installed in the lighting
fixtures and ceiling fans. The connection device allows for safe, quick and easy installation of a light fixture and ceiling fan,
similar to Plugging-In a table lamp into a wall outlet and eliminating the need to deal with or touch electrical wires.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company markets consumer friendly, energy
saving &ldquo;Plug-In&rdquo; ceiling fans and light fixtures under the GE brand as well as &lsquo;conventional&rsquo; ceiling
lights and fans carrying the GE brand. The Company also owns 98.8% of SQL Lighting &amp; Fans LLC (the &ldquo;Subsidiary&rdquo;).
The Subsidiary was incorporated in Florida on April 27, 2011 and is in the business of manufacturing the patented device that
the Company owns. The subsidiary had no activity in 2014.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&rsquo;s fiscal year end is December
31.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold; text-decoration: underline">Note
2 Summary of Significant Accounting Policies</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Basis of Presentation
</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying consolidated financial
statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States
of America (U.S. GAAP) under the accrual basis of accounting.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Use of Estimates</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements
in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect
the amounts reported in the financial statements and accompanying notes.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Such estimates and assumptions impact both
assets and liabilities, including but not limited to: net realizable value of accounts receivable and inventory, estimated useful
lives and potential impairment of property and equipment, the valuation of intangible assets, estimate of fair value of share
based payments and derivative liabilities, estimates of fair value of warrants issued and recorded as debt discount, estimates
of tax liabilities and estimates of the probability and potential magnitude of contingent liabilities.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Making estimates requires management to
exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or
set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate
could change in the near term due to one or more future non-conforming events. Accordingly, actual results could differ significantly
from estimates.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Risks and Uncertainties</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&rsquo;s operations are subject
to risk and uncertainties including financial, operational, regulatory and other risks including the potential risk of business
failure.&nbsp;&nbsp;</P>

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

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has experienced, and in the
future expects to continue to experience, variability in its sales and earnings.&nbsp;&nbsp;The factors expected to contribute
to this variability include, among others, (i) the uncertainty associated with the commercialization and ultimate success of the
product, (ii) competition inherent at large national retail chains where product is expected to be sold (iii) general economic
conditions and (iv)&nbsp;the related volatility of prices pertaining to the cost of sales.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Principles of Consolidation</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The consolidated financial statements include
the accounts of Safety Quick Lighting &amp; Fans Corp and its subsidiary, SQL Lighting &amp; Fans LLC. All inter-company accounts
and transactions have been eliminated in consolidation.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Non-Controlling Interest</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">In May 2012, in connection with the sale
of the Company&rsquo;s member units in the Subsidiary, the Company&rsquo;s ownership percentage decreased from 98.8% to 94.35%.
The Company then reacquired these member units in June 2013 increasing the ownership percentage from 94.35% back to 98.8%. During
2014, there was no activity in the subsidiary. Its pro rata share of the 2014 loss from operations is recognized in the financial
statements.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Cash and Cash Equivalents</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Cash and cash equivalents are carried at
cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments
with an original maturity of three months or less. The Company had $1,201,813 and $ -0- in money market as of December 31, 2014
and 2013, respectively.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Accounts Receivable and
Allowance for Doubtful Accounts</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Accounts receivable are recorded at the
invoiced amount and do not bear interest. The Company extends unsecured credit to its customers in the ordinary course of business
but mitigates the associated risks by performing credit checks and actively pursuing past due accounts.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recognizes an allowance for
losses on accounts receivable in an amount equal to the estimated probable losses net of recoveries. The allowance is based on
an analysis of historical bad debt experience, current receivables aging, and expected future write-offs, as well as an assessment
of specific identifiable customer accounts considered at risk or uncollectible.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">As of December 31, 2014 and 2013, the Company
had no accounts receivable.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The net balance of accounts receivable for
years ending December 2014 and 2013 were as follows</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 46%; text-align: left; padding-left: 5.4pt">&nbsp;Accounts Receivable</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 11%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 11%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">&nbsp;Allowance for Doubtful Accounts</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt">&nbsp;Net Accounts Receivable</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
    </TR>
</TABLE>


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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">For the years ended 2014 and 2013, the Company
recorded bad debt expense of $0 and $0, respectively.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Inventory</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Inventory will consist of finished goods
purchased, which are valued at the lower of cost or market value, with cost being determined on the first-in, first-out method.&nbsp;&nbsp;The
Company will periodically review historical sales activity to determine potentially obsolete items and also evaluates the impact
of any anticipated changes in future demand.&nbsp;&nbsp;</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">At December 31, 2014 and 2013, the Company
had no inventory, and accordingly, no allowance for damaged, obsolete or unsaleable inventory.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Valuation of Long-Lived
Assets and Identifiable Intangible Assets</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company reviews for impairment of long-lived
assets and certain identifiable intangible assets whenever events or changes in circumstances indicate that the carrying amount
of any asset may not be recoverable. In the event of impairment, the asset is written down to its fair market value. The company
determined no impairment adjustment was necessary during years 2014 and 2013.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Property and Equipment</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Property and equipment is stated at cost,
less accumulated depreciation and is reviewed for impairment whenever events or changes in circumstances indicate that the carrying
amount of an asset may not be recoverable.&nbsp;&nbsp;</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Depreciation of property and equipment is
provided utilizing the straight-line method over the estimated useful lives, ranging from 5-7 years of the respective assets.
Expenditures for maintenance and repairs are charged to expense as incurred.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Upon sale or retirement of property and
equipment, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in the
statements of operations.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Intangible Asset - Patent</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company developed a patent for an installation
device used in light fixtures and ceiling fans. Costs incurred for submitting the applications to the United States Patent and
Trademark Office for these patents have been capitalized. Patent costs are being amortized using the straight-line method over
the related 15 year lives. The Company begins amortizing patent costs once a filing receipt is received stating the patent serial
number and filing date from the Patent Office.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company incurs certain legal and related
costs in connection with patent applications. The Company capitalizes such costs to be amortized over the expected life of the
patent to the extent that an economic benefit is anticipated from the resulting patent or alternative future use is available
to the Company. The Company also capitalizes legal costs incurred in the defense of the Company&rsquo;s patents when it is believed
that the future economic benefit of the patent will be maintained or increased and a successful defense is probable. Capitalized
patent defense costs are amortized over the remaining expected life of the related patent. The Company&rsquo;s assessment of future
economic benefit or a successful defense of its patents involves considerable management judgment, and an unfavorable outcome
of litigation could result in a material impairment charge up to the carrying value of these assets.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">GE Trademark Licensing
Agreement</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company entered into an agreement with
General Electric on June, 2011 allowing the company to utilize the &ldquo;GE trademark&rdquo; on products which meet the stringent
manufacturing and quality requirements of General Electric. As described further in note 5 to these financial statements, the
Company and General Electric amended that agreement in August 2014. As a result of that amendment, the Company is required to
pay a minimum Trademark Licensing Fee (Royalty Obligation) to General Electric of $12,000,000. The repayment schedule is based
on a percent of sales, with any unpaid balance due in December, 2018. Under SFAS 142 &ldquo;Accounting for Certain Intangible
Assets&rdquo; the company has recorded the value of the GE Licensing Agreement and will amortize it over the life of the agreement
which is 60 months.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold"></P>

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<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Fair Value of Financial
Instruments</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company measures assets and liabilities
at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents
the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction
between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an
asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair
value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level.</P>

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The following are the hierarchical levels
of inputs to measure fair value:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Level 1 &ndash;
                                         Observable inputs that reflect quoted market prices in active markets for identical assets
                                         or liabilities.</TD>
</TR></TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Level 2 - Inputs
                                         reflect quoted prices for identical assets or liabilities in markets that are not active;
                                         quoted prices for similar assets or liabilities in active markets; inputs other than
                                         quoted prices that are observable for the assets or liabilities; or inputs that are derived
                                         principally from or corroborated by observable market data by correlation or other means.</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Level 3 &ndash;&nbsp;Unobservable
                                         inputs reflecting the Company&rsquo;s assumptions incorporated in valuation techniques
                                         used to determine fair value. These assumptions are required to be consistent with market
                                         participant assumptions that are reasonably available.</TD>
</TR></TABLE>




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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The carrying amounts of the Company&rsquo;s
financial assets and liabilities, such as cash, prepaid expenses, other current assets, accounts payable &amp; accrued expenses,
certain notes payable and notes payable &ndash; related party, approximate their fair values because of the short maturity of
these instruments.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for its derivative
liabilities, at fair value, on a recurring basis under level 3. See Note 6.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Embedded Conversion Features</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company evaluates embedded conversion
features within convertible debt under ASC 815 &ldquo;Derivatives and Hedging&rdquo; to determine whether the embedded conversion
feature(s) should be bifurcated from the host instrument and accounted for as a derivative at fair value with changes in fair
value recorded in earnings. If the conversion feature does not require derivative treatment under ASC 815, the instrument is evaluated
under ASC 470-20 &ldquo;Debt with Conversion and Other Options&rdquo; for consideration of any beneficial conversion feature.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Derivative Financial
Instruments</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company does not use derivative instruments
to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of it financial instruments, including
stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives.
For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at
its fair value and is then re-valued at each reporting date, with changes in the fair value reported as charges or credits to
income.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">For option-based simple derivative financial
instruments, the Company uses the Black-Scholes option-pricing model to value the derivative instruments at inception and subsequent
valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities
or as equity, is re-assessed at the end of each reporting period.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Beneficial Conversion
Feature</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">For conventional convertible debt where
the rate of conversion is below market value, the Company records a &quot;beneficial conversion feature&quot; (&quot;BCF&quot;)
and related debt discount.</P>

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

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

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<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">When the Company records a BCF, the relative
fair value of the BCF is recorded as a debt discount against the face amount of the respective debt instrument (offset to additional
paid in capital) and amortized to interest expense over the life of the debt.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Debt Issue Costs and
Debt Discount</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company may record debt issue costs
and/or debt discounts in connection with raising funds through the issuance of debt.&nbsp;&nbsp;These costs may be paid in the
form of cash, or equity (such as warrants). These costs are amortized to interest expense over the life of the debt. If a conversion
of the underlying debt occurs, a proportionate share of the unamortized amounts is immediately expensed.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Original Issue Discount</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">For certain convertible debt issued, the
Company may provide the debt holder with an original issue discount.&nbsp;&nbsp;The original issue discount would be recorded
to debt discount, reducing the face amount of the note and is amortized to interest expense over the life of the debt.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Extinguishments of Liabilities</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for extinguishments
of liabilities in accordance with ASC 860-10 (formerly SFAS 140) &ldquo;Accounting for Transfers and Servicing of Financial Assets
and Extinguishment of Liabilities&rdquo;. When the conditions are met for extinguishment accounting, the liabilities are derecognized
and the gain or loss on the sale is recognized.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Stock-Based Compensation
- Employees</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for its stock based
compensation in which the Company obtains employee services in share-based payment transactions under the recognition and measurement
principles of the fair value recognition provisions of section 718-10-30 of the FASB Accounting Standards Codification. Pursuant
to paragraph 718-10-30-6 of the FASB Accounting Standards Codification, all transactions in which goods or services are the consideration
received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the
fair value of the equity instrument issued, whichever is more reliably measurable.&nbsp;&nbsp;</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">The measurement date used to determine the fair value of the equity
instrument issued is the earlier of the date on which the performance is complete or the date on which it is probable that performance
will occur.&nbsp;&nbsp;</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">If the Company is a newly formed corporation
or shares of the Company are thinly traded, the use of share prices established in the Company&rsquo;s most recent private placement
memorandum (based on sales to third parties) (&ldquo;PPM&rdquo;), or weekly or monthly price observations would generally be more
appropriate than the use of daily price observations as such shares could be artificially inflated due to a larger spread between
the bid and asked quotes and lack of consistent trading in the market.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The fair value of share options and similar
instruments is estimated on the date of grant using a Black-Scholes option-pricing valuation model.&nbsp;&nbsp;The ranges of assumptions
for inputs are as follows:</P>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Expected term
                                         of share options and similar instruments: The expected life of options and similar instruments
                                         represents the period of time the option and/or warrant are expected to be outstanding.&nbsp;&nbsp;Pursuant
                                         to Paragraph 718-10-50-2(f)(2)(i) of the FASB Accounting Standards Codification the expected
                                         term of share options and similar instruments represents the period of time the options
                                         and similar instruments are expected to be outstanding taking into consideration of the
                                         contractual term of the instruments and employees&rsquo; expected exercise and post-vesting
                                         employment termination behavior into the fair value (or calculated value) of the instruments.&nbsp;&nbsp;Pursuant
                                         to paragraph 718-10-S99-1, it may be appropriate to use the&nbsp;simplified method,&nbsp;i.e.,&nbsp;expected
                                         term = ((vesting term + original contractual term) / 2), if (i) A company does not have
                                         sufficient historical exercise data to provide a reasonable basis upon which to estimate
                                         expected term due to the limited period of time its equity shares have been publicly
                                         traded; (ii) A company significantly changes the terms of its share option grants or
                                         the types of employees that receive share option grants such that its historical exercise
                                         data may no longer provide a reasonable basis upon which to estimate expected term; or
                                         (iii) A company has or expects to have significant structural changes in its business
                                         such that its historical exercise data may no longer provide a reasonable basis upon
                                         which to estimate expected term. The Company uses the simplified method to calculate
                                         expected term of share options and similar instruments as the company does not have sufficient
                                         historical exercise data to provide a reasonable basis upon which to estimate expected
                                         term.</TD>
</TR></TABLE>




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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Expected volatility
                                         of the entity&rsquo;s shares and the method used to estimate it.&nbsp;&nbsp;Pursuant
                                         to ASC Paragraph 718-10-50-2(f)(2)(ii) a thinly-traded or nonpublic entity that uses
                                         the calculated value method shall disclose the reasons why it is not practicable for
                                         the Company to estimate the expected volatility of its share price, the appropriate industry
                                         sector index that it has selected, the reasons for selecting that particular index, and
                                         how it has calculated historical volatility using that index.&nbsp;&nbsp;The Company
                                         uses the average historical volatility of the comparable companies over the expected
                                         contractual life of the share options or similar instruments as its expected volatility.&nbsp;&nbsp;If
                                         shares of a company are thinly traded the use of weekly or monthly price observations
                                         would generally be more appropriate than the use of daily price observations as the volatility
                                         calculation using daily observations for such shares could be artificially inflated due
                                         to a larger spread between the bid and asked quotes and lack of consistent trading in
                                         the market.</TD>
</TR></TABLE>




<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Expected annual
                                         rate of quarterly dividends.&nbsp;&nbsp;An entity that uses a method that employs different
                                         dividend rates during the contractual term shall disclose the range of expected dividends
                                         used and the weighted-average expected dividends.&nbsp;&nbsp;The expected dividend yield
                                         is based on the Company&rsquo;s current dividend yield as the best estimate of projected
                                         dividend yield for periods within the expected term of the share options and similar
                                         instruments.</TD>
</TR></TABLE>




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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Risk-free rate(s).
                                         An entity that uses a method that employs different risk-free rates shall disclose the
                                         range of risk-free rates used.&nbsp;&nbsp;The risk-free interest rate is based on the
                                         U.S. Treasury yield curve in effect at the time of grant for periods within the expected
                                         term of the share options and similar instruments.</TD>
</TR></TABLE>






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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Generally, all forms of share-based payments,
including stock option grants, warrants and restricted stock grants and stock appreciation rights are measured at their fair value
on the awards&rsquo; grant date, based on estimated number of awards that are ultimately expected to vest.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The expense resulting from share-based payments
is recorded in general and administrative expense in the statements of operations.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Stock-Based Compensation
&ndash; Non Employees</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify"><I><U>Equity Instruments Issued to Parties
Other Than Employees for Acquiring Goods or Services</U></I></P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for equity instruments
issued to parties other than employees for acquiring goods or services under guidance of Sub-topic 505-50 of the FASB Accounting
Standards Codification (&ldquo;Sub-topic 505-50&rdquo;).</P>

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

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

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<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to ASC Section 505-50-30, all transactions
in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the
fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.&nbsp;&nbsp;The
measurement date used to determine the fair value of the equity instrument issued is the earlier of the date on which the performance
is complete or the date on which it is probable that performance will occur.&nbsp;&nbsp;If the Company is a newly formed corporation
or shares of the Company are thinly traded the use of share prices established in the Company&rsquo;s most recent private placement
memorandum (&ldquo;PPM&rdquo;), or weekly or monthly price observations would generally be more appropriate than the use of daily
price observations as such shares could be artificially inflated due to a larger spread between the bid and asked quotes and lack
of consistent trading in the market.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The fair value of share options and similar
instruments is estimated on the date of grant using a Black-Scholes option-pricing valuation model.&nbsp;&nbsp;The ranges of assumptions
for inputs are as follows:</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&bull; Expected
term of share options and similar instruments: Pursuant to Paragraph 718-10-50-2(f)(2)(i) of the FASB Accounting Standards Codification
the expected term of share options and similar instruments represents the period of time the options and similar instruments are
expected to be outstanding taking into consideration of the contractual term of the instruments and holder&rsquo;s expected exercise
behavior into the fair value (or calculated value) of the instruments.&nbsp;&nbsp;The Company uses historical data to estimate
holder&rsquo;s expected exercise behavior.&nbsp;&nbsp;If the Company is a newly formed corporation or shares of the Company are
thinly traded the contractual term of the share options and similar instruments is used as the expected term of share options
and similar instruments as the Company does not have sufficient historical exercise data to provide a reasonable basis upon which
to estimate expected term.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Expected volatility
                                         of the entity&rsquo;s shares and the method used to estimate it.&nbsp;&nbsp;Pursuant
                                         to ASC Paragraph 718-10-50-2(f)(2)(ii) a thinly-traded or nonpublic entity that uses
                                         the calculated value method shall disclose the reasons why it is not practicable for
                                         the Company to estimate the expected volatility of its share price, the appropriate industry
                                         sector index that it has selected, the reasons for selecting that particular index, and
                                         how it has calculated historical volatility using that index.&nbsp;&nbsp;The Company
                                         uses the average historical volatility of the comparable companies over the expected
                                         contractual life of the share options or similar instruments as its expected volatility.&nbsp;&nbsp;If
                                         shares of a company are thinly traded the use of weekly or monthly price observations
                                         would generally be more appropriate than the use of daily price observations as the volatility
                                         calculation using daily observations for such shares could be artificially inflated due
                                         to a larger spread between the bid and asked quotes and lack of consistent trading in
                                         the market.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Expected annual
                                         rate of quarterly dividends.&nbsp;&nbsp;An entity that uses a method that employs different
                                         dividend rates during the contractual term shall disclose the range of expected dividends
                                         used and the weighted-average expected dividends.&nbsp;&nbsp;The expected dividend yield
                                         is based on the Company&rsquo;s current dividend yield as the best estimate of projected
                                         dividend yield for periods within the expected term of the share options and similar
                                         instruments.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Risk-free rate(s).
                                         An entity that uses a method that employs different risk-free rates shall disclose the
                                         range of risk-free rates used.&nbsp;&nbsp;The risk-free interest rate is based on the
                                         U.S. Treasury yield curve in effect at the time of grant for periods within the expected
                                         term of the share options and similar instruments.</TD>
</TR></TABLE>




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

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to ASC paragraph 505-50-25-7, if
fully vested, non-forfeitable equity instruments are issued at the date the grantor and grantee enter into an agreement for goods
or services (no specific performance is required by the grantee to retain those equity instruments), then,&nbsp;because of the
elimination of any obligation on the part of the counterparty to earn the equity instruments, a measurement date has been reached.&nbsp;A
grantor shall recognize the equity instruments when they are issued (in most cases, when the agreement is entered into). Whether
the corresponding cost is an immediate expense or a prepaid asset (or whether the debit should be characterized as contra-equity
under the requirements of paragraph&nbsp;505-50-45-1) depends on the specific facts and circumstances. Pursuant to ASC paragraph
505-50-45-1, a grantor may conclude that an asset (other than a note or a receivable) has been received in return for fully vested,
non-forfeitable equity instruments that are issued at the date the grantor and grantee enter into an agreement for goods or services
(and no specific performance is required by the grantee in order to retain those equity instruments).&nbsp;Such an asset shall
not be displayed as contra-equity by the grantor of the equity instruments. The transferability (or lack thereof) of the equity
instruments shall not affect the balance sheet display of the asset. This guidance is limited to transactions in which equity
instruments are transferred to other than employees in exchange for goods or services. Section&nbsp;505-50-30 provides guidance
on the determination of the measurement date for transactions that are within the scope of this Subtopic.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to Paragraphs 505-50-25-8 and 505-50-25-9,&nbsp;an
entity may grant fully vested, non-forfeitable equity instruments that are exercisable by the grantee only after a specified period
of time if the terms of the agreement provide for earlier exercisability if the grantee achieves specified performance conditions.&nbsp;Any
measured cost of the transaction shall be recognized in the same period(s) and in the same manner as if the entity had paid cash
for the goods or services or used cash rebates as a sales discount instead of paying with, or using, the equity instruments. A
recognized asset, expense, or sales discount shall not be reversed if a share option and similar instrument that the counterparty
has the right to exercise expires unexercised.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to ASC paragraph 505-50-30-S99-1,
if the Company receives a right to receive future services in exchange for unvested, forfeitable equity instruments, those equity
instruments are treated as unissued for accounting purposes until the future services are received (that is, the instruments are
not considered issued until they vest). Consequently, there would be no recognition at the measurement date and no entry should
be recorded.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Revenue Recognition</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company derives revenues from the sale
of a patented device.&nbsp;</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Revenue is recorded when all of the following
have occurred: (1) persuasive evidence of an arrangement exists, (2) asset is transferred to the customer without further obligation,
(3) the sales price to the customer is fixed or determinable, and (4) collectability is reasonably assured.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Cost of Sales</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Cost of sales represents costs directly
related to the production and third party manufacturing of the Company&rsquo;s products.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Product sold is typically shipped directly
to the customer from the third party manufacturer; costs associated with shipping and handling is shown as a component of cost
of sales.&nbsp;</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Earnings (Loss) Per Share</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Basic net earnings (loss) per share is computed
by dividing net income (loss) for the period by the weighted average number of common stock outstanding during each period. Diluted
earnings (loss) per share is computed by dividing net income (loss) for the period by the weighted average number of common stock,
common stock equivalents and potentially dilutive securities outstanding during each period.</P>

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

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

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<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company uses the &ldquo;treasury stock&rdquo;
method to determine whether there is a dilutive effect of outstanding convertible debt, option and warrant contracts. For the
years ended December 31, 2014 and 2013 the Company reflected net loss and a dilutive net loss, and the effect of considering any
common stock equivalents would have been anti-dilutive for the period. Therefore, separate computation of diluted earnings (loss)
per share is not presented for the years ended December 31, 2014 and 2013.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has the following common stock
equivalents at December 31, 2014 and 2013:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 46%; text-align: right">Convertible Debt&nbsp;&nbsp;(Exercise price - $0.25/share)</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 11%; text-align: right">18,056,932</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 11%; text-align: right">8,976,532</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right">Stock Warrants (Exercise price - $0.001 - $0.375/share)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,728,984</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,338,884</TD><TD STYLE="text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right">Stock Options (Exercise price - $0.375/share)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">200,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">300,000</TD><TD STYLE="text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right; padding-bottom: 1pt">Unvested Restricted Stock - Chief Executive Officer</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">750,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">750,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right; padding-bottom: 2.5pt">Total</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">28,735,916</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">14,365,416</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
    </TR>
</TABLE>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 1, 2013, the Company executed a
3,113.3:1 forward stock split. All share and per share amounts have been retroactively restated to the earliest period presented.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Income Tax Provision</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">From the inception of SQL-LLC, and through
November 6, 2012, the Company was taxed as a pass-through entity (LLC) under the Internal Revenue Code and was not subject to
federal and state income taxes; accordingly, no provision had been made.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The financial statements reflect the Company&rsquo;s
transactions without adjustment, if any, required for income tax purposes for the period from November 7, 2012 to December 31,
2012. The net loss generated by the Company for the period January 1, 2012 to November 6, 2012 has been excluded from the computation
of income taxes.</P>

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for income taxes under
Section 740-10-30 of the FASB Accounting Standards Codification, which requires recognition of deferred tax assets and liabilities
for the expected future tax consequences of events that have been included in the financial statements or tax returns.&nbsp;&nbsp;Under
this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of
assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse.&nbsp;&nbsp;Deferred
tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets
will not be realized.&nbsp;&nbsp;Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to
taxable income in the years in which those temporary differences are expected to be recovered or settled.&nbsp;&nbsp;The effect
on deferred tax assets and liabilities of a change in tax rates is recognized in the Consolidated Statements of Operations in
the period that includes the enactment date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company adopted
section 740-10-25 of the FASB Accounting Standards Codification (&ldquo;Section 740-10-25&rdquo;). Section 740-10-25 addresses
the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial
statements.&nbsp;&nbsp;Under Section 740-10-25, the Company may recognize the tax benefit from an uncertain tax position only
if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical
merits of the position.&nbsp;&nbsp;The tax benefits recognized in the financial statements from such a position should be measured
based on the largest benefit that has a greater than fifty (50) percent likelihood of being realized upon ultimate settlement.&nbsp;&nbsp;Section
740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim
periods and requires increased disclosures.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The estimated future tax effects of temporary
differences between the tax basis of assets and liabilities are reported in the accompanying consolidated balance sheets, as well
as tax credit carry-backs and carry-forwards. The Company periodically reviews the recoverability of deferred tax assets recorded
on its consolidated balance sheets and provides valuation allowances as management deems necessary.</P>

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

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Management makes judgments as to the interpretation
of the tax laws that might be challenged upon an audit and cause changes to previous estimates of tax liability. In addition,
the Company operates within multiple taxing jurisdictions and is subject to audit in these jurisdictions. In management&rsquo;s
opinion, adequate provisions for income taxes have been made for all years. If actual taxable income by tax jurisdiction varies
from estimates, additional allowances or reversals of reserves may be necessary.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company's tax returns are subject to
examination by the federal and state tax authorities.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Uncertain Tax Positions</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company did not take any uncertain tax
positions and had no adjustments to its income tax liabilities or benefits pursuant to the provisions of Section 740-10-25 for
the reporting periods ended December 31, 2014 and 2013.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Related Parties</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company follows subtopic 850-10 of the
FASB Accounting Standards Codification for the identification of related parties and disclosure of related party transactions.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to Section 850-10-20 the related
parties include a. affiliates of the Company; b. Entities for which investments in their equity securities would be required,
absent the election of the fair value option under the Fair Value Option Subsection of Section 825&ndash;10&ndash;15, to be accounted
for by the equity method by the investing entity; c. trusts for the benefit of employees, such as pension and profit-sharing trusts
that are managed by or under the trusteeship of management; d. principal owners of the Company; e. management of the Company;
f. other parties with which the Company may deal if one party controls or can significantly influence the management or operating
policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate
interests; and g. Other parties that can significantly influence the management or operating policies of the transacting parties
or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that
one or more of the transacting parties might be prevented from fully pursuing its own separate interests.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The consolidated financial statements shall
include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other
similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation of
consolidated or combined financial statements is not required in those statements. The disclosures shall include: a. the nature
of the relationship(s) involved; b. a description of the transactions, including transactions to which no amounts or nominal amounts
were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary
to an understanding of the effects of the transactions on the financial statements; c. the dollar amounts of transactions for
each of the periods for which income statements are presented and the effects of any change in the method of establishing the
terms from that used in the preceding period; and d. amounts due from or to related parties as of the date of each balance sheet
presented and, if not otherwise apparent, the terms and manner of settlement.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Contingencies</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company follows subtopic 450-20 of the
FASB Accounting Standards Codification to report accounting for contingencies. Certain conditions may exist as of the date the
consolidated financial statements are issued, which may result in a loss to the Company but which will only be resolved when one
or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently
involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company
or unasserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings
or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein.</P>

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

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">If the assessment of a contingency indicates
that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated
liability would be accrued in the Company&rsquo;s financial statements. If the assessment indicates that a potentially material
loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent
liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Loss contingencies considered remote are
generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed. However, there is no
assurance that such matters will not materially and adversely affect the Company&rsquo;s business, consolidated financial position,
and consolidated results of operations or consolidated cash flows.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Subsequent Events</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company follows the guidance in Section
855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events.&nbsp;The Company will evaluate
subsequent events through the date when the&nbsp;financial statements are issued.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to ASU 2010-09 of the FASB Accounting
Standards Codification, the Company as an SEC filer considers its financial statements issued when they are widely distributed
to users, such as through filing them on EDGAR.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Recently Issued Accounting
Pronouncements</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">In April 2014, the FASB issued ASU No. 2014-08,&nbsp;Presentation
of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures
of Disposals of Components of an Entity.&nbsp;The amendments in this Update change the requirements for reporting discontinued
operations in Subtopic 205-20.</P>

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Under the new guidance, a discontinued operation
is defined as a disposal of a component or group of components that is disposed of or is classified as held for sale and &ldquo;represents
a strategic shift that has (or will have) a major effect on an entity&rsquo;s operations and financial results.&rdquo; The ASU
states that a strategic shift could include a disposal of (i) a major geographical area of operations, (ii) a major line of business,
(iii) a major equity method investment, or (iv) other major parts of an entity. Although &ldquo;major&rdquo; is not defined, the
standard provides examples of when a disposal qualifies as a discontinued operation.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The ASU also requires additional disclosures
about discontinued operations that will provide more information about the assets, liabilities, income and expenses of discontinued
operations. In addition, the ASU requires disclosure of the pre-tax profit or loss attributable to a disposal of an individually
significant component of an entity that does not qualify for discontinued operations presentation in the financial statements.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The ASU is effective for public business
entities for annual periods beginning on or after December 15, 2014, and interim periods within those years.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">In May 2014, the
FASB and International Accounting Standards Board issued a converged final standard on the recognition of revenue from contracts
with customers. This updated guidance provides a framework for addressing revenue recognition issues and replaces almost all existing
revenue recognition guidance in current U.S. generally accepted accounting principles. The core principle of the new standard
is for companies to recognize revenue to depict the transfer of goods or services to customers in amounts that reflect the consideration
to which the company expects to be entitled in exchange for those goods or services. The new standard will also result in enhanced
disclosures about revenue, provide guidance for transactions that were not previously addressed comprehensively, and improve guidance
for multiple-element arrangements. This guidance is effective for interim and annual periods beginning after December 15, 2016.
Management has not yet evaluated the future impact of this guidance on the Company&rsquo;s financial position, results of operations
or cash flows.</P>

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

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">In September 2014, the FASB issued ASU 2014-15,
<I>Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern.</I> This ASU describes how an entity
should assess its ability to meet obligations and sets disclosure requirements for how this information should be disclosed in
the financial statements. The standard provides accounting guidance that will be used with existing auditing standards. The amendments
in this ASU are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter.
Early application is permitted. The adoption of this guidance will be examined for the year ended December 31, 2016, and if applicable
at that time, will require management to make the appropriate disclosures.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Other pronouncements issued by the FASB
or other authoritative accounting standards groups with future effective dates are either not applicable or are not expected to
be significant to the Company&rsquo;s financial position, results of operations or cash flows.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold; text-decoration: underline">Note
3 Furniture and Equipment</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Property and equipment consisted of the
following at December 31, 2014 and 2013:&nbsp;</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2014</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2013</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 56%; text-align: left; padding-left: 5.4pt">Office Equipment</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">5,221</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">12,984</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Machinery and Equipment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">115,538</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Furniture and Fixtures</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">29,070</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">6,013</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 5.4pt">Total</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">149,829</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18,997</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Less: Accumulated Depreciation</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(17,221</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(12,952</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt">Property and Equipment &ndash; net</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">132,609</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">6,046</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold; text-decoration: underline">Note
4 Intangible Assets</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Intangible assets -patents consisted of
the following at December 31, 2014 and 2013:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 56%">Patents</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">61,690</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">36,950</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Less: Impairment Charges</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Less: Accumulated Amortization</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(15,271</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(12,253</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Patents &ndash; net</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">46,419</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">24,697</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">At December 31, 2014, future amortization
of intangible assets is as follows:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center">Year Ending December 31</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 43%; text-align: right">2015</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 43%; text-align: right">4,107</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2016</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,111</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2017</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,107</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2018</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,107</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2019</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,107</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: right">2020 and Thereafter</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">25,880</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">46,419</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>


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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Actual amortization expense in future periods
could differ from these estimates as a result of future&nbsp;acquisitions, divestitures, impairments and other factors.</P>

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

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold; text-decoration: underline">Note
5 GE Trademark License</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company entered into an amended agreement
with General Electric regarding the trademarking of its products. The license is amortized through its expiration in November,
2018.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 56%; text-align: left">GE Trademark License</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">12,000,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Less: Impairment Charges</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Less: Accumulated Amortization</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,434,783</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Patents &ndash; net</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">9,565,217</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">At December 31, 2014, future amortization
of intangible assets is as follows:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center">Year Ending December 31</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 43%; text-align: right">2015</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 43%; text-align: right">2,441,472</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2016</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,441,472</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2017</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,441,472</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: right">2018</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,240,801</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">9,565,217</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold; text-decoration: underline">Note
6 Debt</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">(A) Summary of Debt Transactions</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">At December 31, 2014 and 2013, debt consists
of the following:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 56%; text-align: left; padding-left: 5.4pt">&nbsp;Notes payable</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">405,095</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">503,203</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">&nbsp;Notes payable - related party</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">26,108</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">&nbsp;Convertible notes</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,487,234</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,194,133</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">&nbsp;Convertible notes - related party</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">26,999</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">&nbsp;Less: debt discount</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(4,402,773</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,925,191</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">&nbsp;Debt &ndash; net</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">516,555</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">848,253</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">&nbsp;Amortization of debt discount</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,827,534</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">92,304</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">&nbsp;Less: current portion - notes payable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(98,086</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(98,086</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">&nbsp;Less: current portion convertible debt</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,250,981</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">&nbsp;Less: current portion - notes payable - related
    party</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(26,108</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt">&nbsp;Long term debt &ndash; net</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">995,022</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">816,362</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold"><B>&nbsp;</B>Notes Payable&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt"></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Third Party</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Related Party</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: top">Totals</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 46%; padding-left: 5.4pt">&nbsp;Balance; December 31, 2012</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 11%; text-align: right">739,534</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 11%; text-align: right">133,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 11%; text-align: right">872,534</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 5.4pt">&nbsp;Proceeds</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">160,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">61,655</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">221,655</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 5.4pt">&nbsp;Repayments</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(116,331</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(35,547</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(151,878</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">&nbsp;Conversion of note payable to convertible debt</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(180,000</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(50,000</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(230,000</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">&nbsp;Debt forgiveness</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(100,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(83,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(183,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 5.4pt">&nbsp;Balance; December 31, 2013</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">503,203</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">26,108</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">529,311</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; padding-left: 5.4pt">&nbsp;Repayments</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(98,108</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(26,108</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(124,216</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt; padding-left: 5.4pt">&nbsp;Balance; December 31, 2014</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">405,095</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">-</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">405,095</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold"></P>

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<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Convertible Debt - Net&nbsp;</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has recorded derivative liabilities
associated with these convertible debt instruments, as more fully discussed at Notes 7 and 12 (C).</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt"></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Third Party</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Related Party</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: top">Totals</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 5.4pt">&nbsp;Balance; December 31, 2012</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 46%; padding-left: 5.4pt">&nbsp;Proceeds</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 11%; text-align: right">2,000,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 11%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 11%; text-align: right">2,000,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 5.4pt">&nbsp;Repayments</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">&nbsp;Conversion of note payable to convertible debt</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">180,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">230,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">&nbsp;Conversion of accrued interest into convertible debt</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14,133</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14,133</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">&nbsp;Less: gross debt discount recorded</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,925,191</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,925,191</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">&nbsp;Add: amortization of debt discount</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">92,304</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">92,304</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 5.4pt">Balance; December 31, 2013</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">361,245</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">411,245</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 5.4pt">Proceeds</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,270,100</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,270,100</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 5.4pt">Repayments</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Less: gross debt discount recorded</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,203,354</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(46,105</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,249,459</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt; padding-bottom: 1pt">Add: Amortization of Debt Discount</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">1,484,004</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">23,104</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">1,507,108</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt; padding-left: 5.4pt">&nbsp;Balance; December 31, 2014</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">1,911,995</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">26,999</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">1,938,994</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">In connection with the $2,000,000 convertible
debt offering in November 2013, the Company issued 3,672,134 detachable warrants. The notes and warrants were treated as derivative
liabilities.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">In connection with the $2,270,100 convertible
debt offering in May 2014, the Company issued 5,390,100 detachable warrants. The notes and warrants were treated as derivative
liabilities.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">On November 26, 2013, May 8, 2014 and June
25, 2014 we conducted closings of the offering of our 12% Secured Convertible Promissory Notes (the &ldquo;12% Notes&rdquo;) in
the aggregate principal amount of $4,240,100 and/or our 15% Secured Convertible Promissory Notes in the aggregate principal amount
of $30,000 (the &ldquo;15% Notes&rdquo;, and together with the 12% Notes, each a &ldquo;Note&rdquo; and collectively, the &ldquo;Notes&rdquo;),
as applicable, with certain &ldquo;accredited investors&rdquo; (the &ldquo;Investors&rdquo;), as defined under Regulation D, Rule
501 of the Securities Act (collectively, the &ldquo;Notes Offering&rdquo;). The entire aggregate principal amount of the Notes
of $4,270,100 was outstanding as of March 15, 2015, such amount being exclusive of securities converted into the Notes separate
from the Notes Offering. Pursuant to the Notes Offering, the Company received $1,752,803, $1,400,000 and $800,500 in net proceeds
on November 26, 2013, May 8, 2014 and June 25, 2014, respectively.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">In addition to the terms customarily included
in such instruments, the Notes began accruing interest on the date that each Investor submitted the principal balance of such
Investor&rsquo;s Note, with the interest thereon becoming due and payable on the one year anniversary of said date, and quarterly
thereafter. Upon a default of the Notes, the interest rate will increase by 2%. The principal balance of each Note and all unpaid
interest will become due and payable twenty-four (24) months after the date of issuance. The Notes may be prepaid with or without
a penalty depending on the date of the prepayment. The principal and interest under the Notes are convertible into shares of our
common stock at $0.25 per share and are secured by a first priority lien (subject only to an existing note with Signature Bank
of Georgia on our intellectual property and all substitutes, replacements and proceeds of such intellectual property) pursuant
to the terms of a Security Purchase Agreement, dated as of November 26, 2013, May 8, 2014 and June 25, 2014, as applicable, by
and between us and each Investor (the &ldquo;Security Agreement&rdquo;).</P>

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

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to the Notes Offering, each Investor
also received five (5) year common stock warrants to purchase our common stock at $0.375 per share (each a &ldquo;Warrant&rdquo;
and collectively, the &ldquo;Warrants&rdquo;). Investors of the 12% Notes received Warrants with 25% coverage based on a pre-determined
valuation of the Company. Investors of the 15% Notes received Warrants with 15% coverage based on the pre-determined valuation
of the Company. Investors with a principal investment amount equal to or greater than $250,000 received Warrants with a bonus
40% coverage (&ldquo;Bonus Coverage&rdquo;); however, if an Investor previously invested $250,000 or more in the Notes Offering,
such Investor received Bonus Coverage if such Investor subsequently invested $100,000 or more in the Notes Offering. In addition
to the terms customarily included in such instruments, the Warrants may be exercised into our common stock by the Investors by
providing to the Company a notice of exercise, payment and surrender of the Warrant.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">In connection with the Notes Offering, we
entered into Registration Rights Agreements, each dated as of November 26, 2013, May 8, 2014 and June 25, 2014 and each by and
between us and each of the Investors (collectively, the &ldquo;Registration Rights Agreements&rdquo;) whereby we agreed to prepare
and file a registration statement with the SEC within sixty (60) days after execution of the applicable Registration Rights Agreement
and to have the registration statement declared effective by the SEC within ninety (90) days thereafter (the &ldquo;Registration
Statement&rdquo;). The Registration Statement covered shares of our common stock, including shares of our common stock underlying
the Notes, Warrants and certain other options and warrants.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Because we were unable to file a Registration
Statement pursuant to the terms of each Registration Rights Agreements dated as of November 26, 2013 or May 8, 2014, we were in
default under such Registration Rights Agreements (the &ldquo;Filing Default Damages&rdquo;). Pursuant to the Registration Rights
Agreement, the Filing Default Damages mandate that the Company shall pay to the Investors, for each thirty (30) day period of
such failure and until the filing date of the Registration Statement and/or the common stock may be sold pursuant to Rule 144,
an amount in cash, as partial liquidated damages and not as a penalty, equal to 2% percent of the aggregate gross proceeds paid
by the Investors for the Notes. If the Company fails to pay any partial liquidated damages in full within five (5) days of the
date payable, which is the Note maturity date, the Company shall pay interest thereon at a rate of 18% per annum (or such lesser
maximum amount that is permitted to be paid by applicable law) to the Investors, accruing daily from the date such partial liquidated
damages are due until such amounts, plus all such interest thereon, are paid in full.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">In addition, because we were unable to have
a Registration Statement declared effective pursuant to the terms of the Registration Rights Agreements dated as of November 26,
2013 or May 8, 2014, we were in default under such Registration Rights Agreements (the &ldquo;Effectiveness Default Damages&rdquo;).
Pursuant to the Registration Rights Agreement, the Effectiveness Default Damages mandated that the interest rate due under the
Note corresponding to such Registration Rights Agreement will increase 2% above the then effective interest rate of such Note,
and shall continue to increase by 2% every 30 days until a registration statement is declared effective.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&rsquo;s Registration Statement
was first filed on August 1, 2014, and was declared effective by the SEC on October 22, 2014. As of August 1, 2014, the date the
Company first filed the Registration Statement and the date that the Filing Default Damages stopped accruing, the Filing Default
Damages to be paid by the Company to the Investors were $271,733. As of October 22, 2014, the date the Registration Statement
was declared effective, the interest rate due under the 12% Notes and 15% Notes dated as of November 26, 2013 was 24% and 27%,
respectively, as a consequence of the Effectiveness Default Damages.</P>

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

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<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;On December 11, 2014, the Company
sent a letter to the Investors holding Notes dated November 26, 2013 (the &ldquo;2013 Investors&rdquo;) concerning the first interest
payment that was scheduled to be paid pursuant to the Notes dated November 26, 2013 on the one year anniversary of the date that
each 2013 Investor submitted payment for their Note (the &ldquo;First Interest Payments&rdquo;). The Company noted the significant
progress it had made in 2014, and expressed its preference to conserve working capital to support operations and customer orders.
The Company invited the 2013 Investors to convert the First Interest Payments into shares of the Company&rsquo;s common stock
to further this purpose. The Company also asked each 2013 Investor to execute an Agreement and Waiver (the &ldquo;Agreement and
Waiver&rdquo;), which granted the Company a grace period, deferring the Company&rsquo;s obligation to make payment of the First
Interest Payment and interest that was due under the Note through November 26, 2014 (the &ldquo;Interest Due&rdquo;) until February
24, 2015 (the &ldquo;Extension&rdquo;), during which time such deferment would not be considered an Event of Default under the
2013 Investor&rsquo;s Note. In connection with the Extension, subsequent quarterly payments of interest will be determined based
on the issuance date of each Note (i.e., November 26, 2013) rather than the date that each 2013 Investor first submitted payment
for their Note, the sole purpose and impact of this change being to reduce ongoing costs to administer the Notes. In return for
granting the Extension, we offered to capitalize the Interest Due at a rate of 12% (the &ldquo;Additional Interest&rdquo;), which
was convertible into shares of the Company&rsquo;s common stock at the conversion price of $0.25 per share as of February 24,
2014, unless the 2013 Investor requested to receive the Additional Interest in cash 15 days prior to the end of the Extension.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">&nbsp;(B) Terms of Debt</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">In 2013, the company issued $2,244,133 in
convertible bonds with interest rates varying from 12% to 15%. These bonds mature in November 2015.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">In 2014, the company issued $2,270,100 in
convertible bonds. These bonds carry interest at 12% and mature in May and June 2016.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">All convertible debt and related warrants
issued with the convertible notes in 2014 and 2013 are convertible at $0.25 and $0.375 per share, respectively; however, given
the existence of a &ldquo;ratchet feature&rdquo;, which allows for a lower offering price if the Company offers shares to the
public at a lower price.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">(C) Future Commitments</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">At December 31, 2014, the Company has outstanding
debt of $4,919,328.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Future minimum repayment obligations are
as follows:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">Year Ended December 31</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 70%; text-align: left; vertical-align: top">2015</TD><TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 18%; text-align: right">2,342,219</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top">2016</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,577,109</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;Less: unamortized debt discount</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,575,239</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; vertical-align: top">&nbsp;Less: current maturities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,349,067</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; vertical-align: top">&nbsp;Debt - long term</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">995,022</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold; text-decoration: underline">Note
7 Derivative Liabilities</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company identified conversion features
embedded within convertible debt and warrants issued in 2013. The Company has determined that the features associated with the
embedded conversion option, in the form a ratchet provision, should be accounted for at fair value, as a derivative liability,
as the Company cannot determine if a sufficient number of shares would be available to settle all potential future conversion
transactions.</P>

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

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">As a result of the application of ASC No.
815, the fair value of the ratchet feature related to convertible debt and warrants is summarized as follow:&nbsp;</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 56%; text-align: left">&nbsp;Fair value at the commitment date - convertible debt</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">4,892,234</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">2,414,585</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;Fair value at the commitment date - warrants</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">677,214</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">682,809</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;Reclassification of derivative liabilities to additional paid in &nbsp;&nbsp;&nbsp;capital
    related to warrants exercised that ceased being a&nbsp;&nbsp;derivative liability</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(214,769</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(311,709</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;Fair value mark to market adjustment - stock options</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(25,614</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;Fair value mark to market adjustment - convertible debt</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(668,189</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(28,586</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;Fair value mark to market adjustment - warrants</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(13,701</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(5,595</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;Totals</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">4,647,175</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">2,751,504</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The fair value at the commitment and re-measurement
dates for the Company&rsquo;s derivative liabilities were based upon the following management assumptions as of December 31, 2014:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="text-align: center; font-weight: bold; vertical-align: top">
    <TD STYLE="padding-bottom: 1pt"></TD>
    <TD STYLE="border-bottom: Black 1pt solid">Commitment Date</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">Remeasurement Date</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="text-align: center; vertical-align: top">
    <TD STYLE="width: 48%; text-align: left; vertical-align: top">&nbsp;Expected dividends</TD>
    <TD STYLE="width: 25%">0%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 25%">0%</TD><TD STYLE="width: 1%">&nbsp;</TD></TR>
<TR STYLE="text-align: center; vertical-align: top">
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;Expected volatility</TD>
    <TD>150%</TD><TD>&nbsp;</TD>
    <TD>150%</TD><TD>&nbsp;</TD></TR>
<TR STYLE="text-align: center; vertical-align: top">
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;Expected term</TD>
    <TD>&nbsp;2 - 5 years&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;0.9 - 3.91 years&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="text-align: center; vertical-align: top">
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;Risk free interest rate</TD>
    <TD>&nbsp;0.29% - 1.68%&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;0.67% - 1.65%&nbsp;</TD><TD>&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold; text-decoration: underline">Note
8 Debt Discount</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recorded the debt discount to
the extent of the gross proceeds raised, and expensed immediately the remaining fair value of the derivative liability, as it
exceeded the gross proceeds of the note.&nbsp;&nbsp;</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recorded a derivative expense
of $568,485 in 2014 and $1,156,193 for 2013.&nbsp; &nbsp;</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recorded amortization of derivative
discount of $1,507,107 in 2014 and $92,304 for 2013. These amounts are included in interest expense.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold; text-decoration: underline">Note
9 Debt Issue Costs</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Debt issue costs are summarized as follows:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">&nbsp;Debt issue costs - net - December 31,2012</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 70%; text-align: left; padding-left: 5.4pt">&nbsp;Debt issue costs</TD><TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 18%; text-align: right">247,197</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">&nbsp;Accumulated amortization</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(11,986</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">&nbsp;Debt issue costs - net - December 31,2013</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">235,211</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Debt issue cost additions</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">69,600</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Accumulated amortization</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(154,851</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt">&nbsp;Debt issue costs - net - December 31,2014</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">161,946</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company incurred $142,865 and $11,986
in 2014 and 2013, respectively and recorded it as interest expense</P>

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

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

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-decoration: underline; text-align: justify">Note 10 GE
Royalty Obligation</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In 2011, the Company executed a Trademark
Licensing Agreement with General Electric (&ldquo;GE&rdquo;), which allows the Company the right to market certain ceiling light
and fan fixtures displaying the GE brand. The GE trademark license agreement imposes certain manufacturing and quality control
conditions that the Company must maintain in order to continue to use the GE brand.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The license is non-transferable and cannot
be sub licensed. Various termination clauses are applicable, however, none were applicable as of December 31, 2014 and 2013.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">In August, 2014, the Company entered into
a second amendment pertaining to its royalty obligations. Under the terms of the agreement, the Company agreed to pay a total
of at least $12,000,000 by November 2018 for the rights assigned in the original contract. In case of the Company does not pay
GE a total of at least $12,000,000 in cumulative royalties over the Term, the difference between $12,000,000 and the amount of
royalties paid to GE is owed in December, 2018.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Payments are due quarterly based upon the
prior quarters&rsquo; sales.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Trademark and License obligation will
be paid from sales of GE branded product subject to the following repayment:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Net
                                         Sales in Contract Year</B></P></TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid; font-weight: bold">Percentage of the Contract Year
    Net Sales owed to GE</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 48%; text-align: left">$0 - $50,000,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 48%; text-align: left">7%</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: left">$50,000,001 - $100,000,000</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: left">6%</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"></TD><TD STYLE="text-align: left">$100,000,001+</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: left">5%</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Since the Company does not have the ability
to estimate the sales of GE branded product, the liability is classified as long-term. As sales are recognized, the Company will
estimate the portion it expects to pay in the current year and classify as current.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold; text-decoration: underline">Note
11 Income Taxes</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Income taxes are provided for the tax effects
of transactions reported in the financial statements and consist of taxes currently due.&nbsp;&nbsp;Deferred taxes relate to differences
between the basis of assets and liabilities for financial and income tax reporting which will be either taxable or deductible
when the assets or liabilities are recovered or settled.&nbsp;&nbsp;</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">At December 31, 2014, the Company has a
net operating loss carry-forward of approximately $4,136,000 available to offset future taxable income expiring through 2034.
Utilization of future net operating losses may be limited due to potential ownership changes under Section 382 of the Internal
Revenue Code.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The valuation allowance at December 31,
2013 was approximately $119,000. The net change in valuation allowance during the year ended December 31, 2014 was an increase
of approximately $2,230,000. In assessing the realisability of deferred tax assets, management considers whether it is more likely
than not that some portion or all of the deferred income tax assets will not be realized. The ultimate realization of deferred
income tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences
become deductible. Management considers the scheduled reversal of deferred income tax liabilities, projected future taxable income,
and tax planning strategies in making this assessment. Based on consideration of these items, management has determined that enough
uncertainty exists relative to the realization of the deferred income tax asset balances to warrant the application of a full
valuation allowance as of December 31, 2014.</P>

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

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The effects of temporary differences that
gave rise to significant portions of deferred tax assets at December 31, 2014 and 2013 are approximately as follows:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 72%; text-align: left">&nbsp;Net operating loss carryforward</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">(2,429,000</TD><TD STYLE="width: 1%; text-align: left">)</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">(199,000</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;Gross Deferred Tax Assets</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,429,000</TD><TD STYLE="text-align: left">)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(199,000</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;Less Valuation Allowance</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,429,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">199,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">&nbsp;Total Deferred Tax Assets - Net</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">There was no income tax expense for the
years ended December 31, 2014 and 2013 due to the Company&rsquo;s net losses</P>
<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&rsquo;s tax expense differs
from the &ldquo;expected&rdquo; tax expense for the years ended December 31, 2014 and 2013, (computed by applying the Federal
Corporate tax rate of 34% to loss before taxes and 6% for Georgia State Corporate Taxes, the blended rate used was 37.96%), are
approximately as follows:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 72%; text-align: left">&nbsp;Computed "expected" tax expense (benefit) - Federal</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">(2,630,000</TD><TD STYLE="width: 1%; text-align: left">)</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">(875,000</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;Computed "expected" tax expense (benefit) - State</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(458,000</TD><TD STYLE="text-align: left">)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(102,000</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;Derivative expense</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">216,000</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">439,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;Loss on debt extinguishment</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;Gain on debt forgiveness</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">38,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;Share based payments</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">286,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;Amortization of patent</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,000</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;Amortization of debt issue costs</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,000</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;Amortization of debt discount</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">35,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;Amortization of patent</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">909,000</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,000</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;Change in value of derivative liability</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(269,000</TD><TD STYLE="text-align: left">)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(13,000</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;Change in valuation allowance</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">2,230,000</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">181,000</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold; text-decoration: underline">Note
12 Stockholders Deficit</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">(A) Common Stock</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">In 2014, the Company issued the following
common stock:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid">Transaction Type</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Quantity</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Valuation</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Range of Value per Share</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 46%; text-align: left; padding-bottom: 1pt">Common stock issued in exercise of options</TD><TD STYLE="width: 5%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 11%; padding-bottom: 1pt; text-align: right">1,000,000</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">$</TD><TD STYLE="width: 11%; padding-bottom: 1pt; text-align: right">1,000</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="width: 11%; border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Common stock issued per mutual release and waiver (1)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">250,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">62,500</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">1,250,000&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">63,500</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>




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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The following is a more detailed description
of the Company&rsquo;s stock issuance from the table above:</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>(1) Services Rendered - Related Party</B></P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">In November 2014, the Company issued 750,000
of restricted, nonvested shares to new Chief Executive Officer. The shares are to vest as follows: 250,000 in May 2015 and 500,000
shares in December 2015. The shares are valued at $0.25 per share.</P>

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

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

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    <!-- Field: /Page -->

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&rsquo;s former Chief Executive
Officer received 1,250,000 restricted unvested shares in association with an employment contract. These restricted shares were
to vest as follows: 500,000 on November 15, 2013 with the remaining 750,000 shares to vest evenly (250,000 shares each vesting
period) on December 31, 2014, 2015 and 2016. The shares were valued based on recent third party cash offering of convertible debt
containing an exercise price of $0.25/share. In November 2014, the agreement was terminated and the Company entered into a new
Agreement and Mutual Release with that former CEO. As of that date (November 2014), 750,000 of the aforementioned 1,250,000 shares
were fully vested. In accordance with this new Agreement, the company issued 250,000 shares that vested on December 31, 2014 and
the executive retained 500,000 shares of the previous granted (fully vested) shares. The remaining 500,000 unvested shares were
forfeited by the former CEO.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">In 2013, the Company issued the following
common stock:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid">Transaction Type</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"></TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Quantity</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Valuation</TD>
    <TD COLSPAN="6" STYLE="text-align: center; border-bottom: Black 1pt solid">Range of Value per Share</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 45%; text-align: right">Warrants exercised</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">(1</TD><TD STYLE="width: 1%; text-align: left">)</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">1,400,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">1,400</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">0.001</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right">Services rendered - related party</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2</TD><TD STYLE="text-align: left">)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">500,000</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">125,000</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.25</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right; padding-bottom: 1pt">Acquisition of 4.5% interest in subsidiary</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: right">(3</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,467,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">366,750</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.25</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center; padding-bottom: 2.5pt"></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: right"></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">3,367,000</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">439,150</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">0.001&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">0.250</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The fair value of stock issued was based
upon the following:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Warrants were
                                         exercised for cash under the terms of the agreement at $0.001 per share.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Services rendered
                                         &ndash; related party were based upon recent third party cash issuances of convertible
                                         debt with a conversion price of $0.25/share. This represented the best evidence of fair
                                         value.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Acquisition
                                         of 4.5% ownership in Subsidiary is deemed a capital transaction since control of the
                                         Subsidiary was never lost. Valuation was based upon recent third party cash issuances
                                         of convertible debt with a conversion price of $0.25/share. This represented the best
                                         evidence of fair value. See #3 below for additional discussion.</TD>
</TR></TABLE>


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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The following is a more detailed description
of some of the Company&rsquo;s stock issuances from the table above:</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">(1) Warrants Exercised
for Cash</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">In connection with a warrant exercise, a
third party paid cash to obtain these shares.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">(2) Services Rendered
&ndash; Related Party</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&rsquo;s Chief Executive Officer
received these shares as a sign on bonus. There are no future service requirements and there are no claw back or forfeiture rights
associated with this stock grant. The shares are valued based on a recent third party cash offering of convertible debt containing
an exercise price of $0.25/share. Also see Note 12 (B).</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">(3) Acquisition of Subsidiary
Ownership Interest</P>

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">&nbsp;</P>

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">In June 2013, the Company reacquired 4.5%
ownership in its subsidiary, which it had previously sold in 2012. The transaction was accounted for as a capital transaction
since the parent had control of the Subsidiary at all times. The purchase reflected 4.5% of the Subsidiary being reacquired, which
increased the parent&rsquo;s ownership from 94.35% to 98.8%. The transaction included the valuation of shares issued at $366,750,
however, in connection with establishing the valuation adjustment of the noncontrolling interest reacquired, $19,538 represented
the net increase to additional paid in capital and reduction of the noncontrolling interest. As a result of this transaction,
the noncontrolling interest post repurchase is 1.2%.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold"></P>

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<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">(B) Additional Paid in
Capital and Other Equity Transactions</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold; text-decoration: underline"><B>&nbsp;</B>The
following transactions occurred during the year ended December 31, 2014:</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">(1) Derivative Liability</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Reclassification of derivative liability
associated with warrants of $214,769.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">(2) Services Rendered
&ndash; Related Parties</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Common stock issued for services &ndash;
related party of $76,312.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold; text-decoration: underline">The
following transactions occurred during the year ended December 31, 2013:</P>

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">&nbsp;</P>

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">(1) Debt Forgiveness
&ndash; Related Parties</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain existing note holders forgave $83,000.
There was no gain or loss on the transaction, rather a charge to additional paid in capital due to being a related party transaction.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">(2) Modification of Debt
(Extinguishment Accounting)<B> </B></P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">A board member and third party agreed to
convert an aggregate $244,133 of outstanding conventional debt and accrued interest into convertible debt, under the same terms
as the $2,000,000 convertible debt offering occurring in November 2013.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The exchange of an outstanding debt instrument
for a new debt instrument with the same lender/creditor results in an extinguishment of the old debt instrument if the debt instruments
have substantially different terms. Similarly, a modification of the terms of an outstanding debt instrument should be accounted
for like, and reported in the same manner as, an extinguishment if the old and new debt instruments have substantially different
terms.&nbsp;&nbsp;In addition, the new debt instrument is considered to be substantially different from the old if the modification
or exchange eliminates or adds a substantive conversion option.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">As a result, the Company determined a loss
on debt extinguishment of $16,009. Of the total loss, $12,731 was recorded to the statement of operations pertaining to a third
party; the remaining $3,278 could not be recorded as a loss to the statement of operations due to being a related party transaction,
rather, the Company accounted for this loss on extinguishment as a capital transaction and recorded this amount as additional
paid in capital.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">(3) Payment of Corporate
Expenses by Stockholders</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Existing stockholders transferred shares
owned in the Company to pay corporate expenses. The services had a fair value of $562,500, based upon recent third party convertible
debt (November 2013 offering) that was sold having a conversion price of $0.25/share.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold; text-decoration: underline">The
following transactions occurred during the year ended December 31, 2012:</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">Sale of Member Units</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Prior to converting to a C Corp (see Note
1), the Subsidiary sold member units for $774,000. The sale reflected 4.5% of the subsidiary being sold, which reduced the parent&rsquo;s
ownership from 98.8% to 94.35%. The transaction was accounted for as a capital transaction since the parent had control of the
Subsidiary at all times. The sale resulted in an allocation to the noncontrolling interest valued at $5,193.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold"></P>

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<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">(C) Stock Options</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">On September 3, 2013, the Company issued
300,000 stock options, having a fair value of $66,785, which was expensed immediately since all stock options vested immediately.&nbsp;&nbsp;These
options expire on September 2, 2018 (5 years). All options were granted to Board Directors for services rendered, and included
as a component of general and administrative expense, as a result, these grants were considered related party transactions. Of
the total options granted, 100,000 were cancelled in 2014 as a Board Director resigned.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company applied fair value accounting
for all share based payment awards. The fair value of each option granted is estimated on the date of grant using the Black-Scholes
option-pricing model. The Black-Scholes assumptions used in the year ended December 31, 2014 is as follows:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 50%; text-align: left">Options Granted</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; text-align: right">200,000</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Grant Date</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">September 3, 2013</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Exercise Price</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.375</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Expected Dividends</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0%</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Expected Volatility</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">150%</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Risk Free Interest Rate</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.03%</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Expected Life of Options</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;4 Years&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Expected Forfeitures</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0%</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Fair Value per Stock Option</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.20</TD>
    </TR>
</TABLE>


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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;The following is a summary of the
Company&rsquo;s stock option activity:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Weighted Average</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Aggregate</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Weighted Average</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Remaining Contractual Life</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Intrinsic</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Options</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Exercise Price</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">(In Years)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Value</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">Balance - December 31, 2012</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 16%; text-align: right">Granted</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 16%; text-align: right">300,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 16%; text-align: right">0.375</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; text-align: right">5.0</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">Exercised</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: right">Forfeited/Cancelled</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">Balance - December 31, 2013 - outstanding</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">300,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.375</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4.67</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">Granted</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">Exercised</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">Granted</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: right">Forfeited/Cancelled</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(100,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: right">Balance-
                                         December 31, 2014</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">200,000</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">0.375</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">3.67</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">(D) Stock Warrants</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">All warrants issued during 2014 and 2013
were accounted for as derivative liabilities as the warrants contained a ratchet feature. See Note 7.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">During 2013, the Company issued 6,738,884
warrants. Of the total warrants granted, 4,338,884 expire 5 years from issuance, while 2,400,000 were scheduled to expire on December
31, 2013.</P>

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

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Of the total warrants granted during 2013,
6,614,801 were granted to third parties, while 124,083 were granted to related parties, consisting of the Company&rsquo;s former
Chief Executive Officer.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">During 2014, the Company issued 5,390,100
warrants. The warrants granted expire 5 years from issuance on various dates during 2019.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">During 2014, of the total warrants granted
4,740,100 granted to third parties, while 650,000 were granted to related parties, consisting of the Company&rsquo;s former Chief
Executive Officer.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">During 2013, the Company entered into convertible,
secured note agreements. As part of these agreements, the Company issued warrants to purchase 3,672,134 shares of common stock.
The warrants vest immediately and expire November 26, 2018, with an exercise price of $0.375.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">During 2013, the Company issued 3,066,750
warrants for services performed. The warrants vest immediately and expire on December 31, 2013 through November 25, 2018, with
exercise prices ranging from $0.001 - $0.375.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">During 2014, the Company entered into convertible,
secured note agreements. As part of these agreements, the Company issued warrants to purchase 5,390,100 shares of common stock.
The warrants vest immediately and expire on various dates in 2019, with an exercise price of $0.375.&nbsp;</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The Black-Scholes assumptions used in the
computation of derivative expense for year ended December 31, 2014 is as follows:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 56%">&nbsp;Stock price</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">0.25</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">0.25</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;Exercise price</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.38</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.38</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Expected dividends</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0%</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0%</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Expected volatility</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">150%</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">150%</TD><TD STYLE="text-align: left"></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;Risk free interest rate</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.65%</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.68%</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;Expected term</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3.68
                                         years</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">5
                                         years</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">A summary of warrant activity for the Company
for the year ended December 31, 2014 is as follows:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Number of Warrants</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Weighted Average Exercise Price</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Weighted Average Remaining Contractual
    Life (in Years)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right"><B>Balance: December
                                         31, 2012</B></TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 20%; font-weight: bold; text-align: right"><B>Granted
                                         </B></TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 19%; text-align: right">6,738,884</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 19%; text-align: right">0.242</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 19%; text-align: right">5.0</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right"><B>Exercised</B></TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,400,000</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: right"><B>Cancelled/Forfeited</B></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,000,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: right"><B>Balance:
                                         December 31, 2013</B></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">4,338,884</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">0.242</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">4.9</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right"><B>Granted </B></TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,390,100</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.375</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5.0</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right"><B>Exercised</B></TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: right"><B>Cancelled/Forfeited</B></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: right"><B>Balance:
                                         December 31, 2014</B></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">9,728,984</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">0.375</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">4.2</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">In April 2014, the Company received $1,000
in connection with a warrant exercise of 1,000,000 warrants that had been assigned from one investor (originally held 2,400,000
and exercised 1,400,000 in 2013). There was no additional compensation expense recorded on this transaction.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold; text-decoration: underline">Note
13 Commitments</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">(A) Operating Lease</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">In October, 2014, the Company executed a
53 month lease for a new corporate headquarters with a base rent of $97,266 escalating annually through 2019. The Company paid
a security deposit of $1,914.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">In January 2014, the Company executed a
39 month lease for a corporate headquarters. The Company paid a security deposit of $27,020.</P>

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">In October, 2014, the Company entered into
a sublease agreement to sublease its previous office space through March, 2017.&nbsp; In connection with the sublease, the Company
collected $34,981 as a security deposit.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">The minimum rent obligations are approximately
as follows:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Minimum</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Sublease</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Net</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Obligation</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Rentals</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Obligation</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 20%; text-align: center; vertical-align: top">2015</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 19%; text-align: center; vertical-align: top">97,901</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 19%; text-align: center; vertical-align: top">84,165</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 19%; text-align: center; vertical-align: top">13,736</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: top">2016</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: top">109,720</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: top">86,688</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: top">23,032</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: top">2017</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: top">46,568</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: top">22,263</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: top">24,305</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: top">2018</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: top">25,154</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: top">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: top">25,154</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: top">2019</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: top">8,614</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: top">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: top">8,614</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: top">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: top">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: top">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: center; vertical-align: top">Total</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: center; vertical-align: top">287,957</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: center; vertical-align: top">193,116</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: center; vertical-align: top">94,841</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold">(B) Employment Agreement
&ndash; Chief Executive Officer</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">In November 2014, the Company entered into
an employment agreement with its new Chief Executive Officer. In addition to salary, the agreement provided for the issuance of
750,000 restricted shares to him, vesting as follows: 250,000 after the first 6 months of employment and 500,000 additional shares
at December 31, 2015. Under terms of the agreement the executive would receive additional compensation in the form of stock options
to purchase shares of Company stock equal to one half of one percent (.005) of quarterly net income. The strike price of the options
will be established at the time of the grant. The options will vest in twelve months and expire after sixty months. In addition
to the stock options compensation, the executive has performance incentives tied to revenue and profits. As there were no revenues
or profit for years ending December 31, 2014 or 2013, no additional options were issued or profit sharing compensation was provided
to the Chief Executive Officer.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">On November 15, 2013, the Company executed
an employment agreement with the then Chief Executive Officer. The term commenced January 1, 2014 and was to expire on December
31, 2018. That agreement was cancelled upon the Company executing a Mutual Release and Waiver agreement (Termination Agreement)
with the CEO dated November, 2014. The Termination Agreement allowed for immediate vesting of 750,000 shares of the original 1,250,000
unvested shares previously granted to the CEO. In addition the company agreed to pay the executive .5% (.005) of sales associated
with one selected customer occurring for up to 36 months. As there were no sales or profit for year ending for year ending 2014
or 2013, no additional compensation was provided to this previous CEO.</P>

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



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(C) Consulting Agreement</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 1, 2013, the Company executed
a 3 year consulting agreement with a Non-Executive Director, having the following terms:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Annual salary
                                         of a minimum $150,000; and</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Cash, stock
                                         or 5 year stock options (cashless exercise option by holder) equal to 0.5% of Company&rsquo;s
                                         annual gross revenue (sales less returns and discounts).</TD>
</TR></TABLE>




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

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold; text-decoration: underline">Note
14 Going Concern</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">As reflected in the accompanying financial
statements, the Company had net losses of $6,804,749 and $2,607,768 for year ending December 31, 2014 and 2013, respectively and
net cash used in operations of $1,800,231 and $685,729 for the year ended December 31, 2014 and 2013, respectively. The Company
had a working capital deficit of $5,850,064 and $1,810,104 at December 31, 2014 and 2013 respectively; accumulated deficit of
$15,324,264 and $8,519,517 at December 31, 2014 and 2013, respectively. These factors raise substantial doubt about the Company's
ability to continue as a going concern.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">Management believes that the Company&rsquo;s
ability to continue as a going concern will be dependent on its ability successfully implement its plans, which includes the ability
to generate sufficient funds from its operations. The Company&rsquo;s ability to achieve these objectives cannot be determined
at this time. In the event the Company does not achieve these objectives, it will be necessary to raise additional capital through
debt and/or equity markets or from other traditional financing sources, including convertible debt and/or other term notes, until
such time that funds provided by operations are sufficient to fund working capital requirements. There is no guarantee that the
Company will be successful in raising additional capital. If the Company is unable to raise additional capital and/or generate
significant sales growth in the near term there is a risk that the Company could default on debt maturing during 2015 and/or 2016,
and could be required to significantly reduce the scope of its operations if no other means of financing operations are available.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify; font-weight: bold; text-decoration: underline">Note
15 Subsequent Events</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">On January 23, 2015, the Company sent
a letter agreement to the Investors holding Notes dated November 26, 2013 and May 8, 2014, which constituted all Investors with
Filing Default Damages or Effectiveness Default Damages due to them pursuant to the Registration Rights Agreements dated as of
November 26, 2013 or June 30, 2014 (the &ldquo;Agreement to Convert&rdquo;). The Company invited the Investors, as applicable,
to elect to convert the Interest Due and/or the Filing Default Damages and Effectiveness Default Damages into shares of the Company&rsquo;s
common stock at a price of $0.25 per share, and asked each Investor, as applicable, to make such election by acknowledging and
returning the letter agreement to the Company.</P>

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">As of March 24, 2015, twenty-five 2013 Investors
returned a signed Agreement and Waiver to the Company, resulting in Additional Interest of $6,532, three 2013 Investors refused
to sign the Agreement and Waiver, and three 2013 Investors did not respond to the Company&rsquo;s letter. One 2013 Investor elected
to receive the Additional Interest in cash, and the remaining 2013 Investors who signed the Agreement and Waiver received a total
of 25,753 shares of the Company&rsquo;s common stock in exchange for Additional Interest totaling $6,435.</P>

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

<P STYLE="margin: 0; text-align: justify">As of March 24, 2015, out of thirty-four
Investors who received an Agreement to Convert, twenty Investors elected to convert the Interest Due, the Filing Default Damages
and the Effectiveness Default Damages into shares of the Company&rsquo;s common stock, six Investors elected to receive cash rather
than convert, and eight Investors did not respond to the Company&rsquo;s invitation. As a consequence, the Company will issue
1,575,490 shares of its common stock to accepting Investors in exchange for Interest Due, Filing Default Damages and Effectiveness
Default Damages totaling $393,872.</P>

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

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0; text-align: justify">In total, the Company will issue 1,601,243
shares of its common stock to Investors in exchange for Additional Interest, Interest Due, Filing Default Damages and Effectiveness
Default Damages totaling $400,310.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: justify"></P>

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    <!-- Field: /Page -->

<P STYLE="margin: 0; text-align: justify">This prospectus is part of a Registration
Statement we filed with the SEC. You should rely only on the information or representations contained in this prospectus. We have
not authorized anyone to provide information other than that provided in this prospectus. We are not making an offer of these
securities in any jurisdiction or state where the offer is not permitted. You should not assume that the information in this prospectus
is accurate as of any date other than the date on the front of the document.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.25pt 0 0; text-align: center"><B>&nbsp;&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.25pt 0 0; text-align: center"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 136px; width: 312px"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.25pt 0 0; text-align: center"><B>&nbsp;</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>63,485,919 Shares of Common Stock</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">PROSPECTUS</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">[____], 2015</P>

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

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

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

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

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>PART II</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>INFORMATION NOT REQUIRED IN PROSPECTUS</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Item 13. Other Expenses of Issuance and Distribution.</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">The following table sets forth the costs and
expenses payable by us in connection with the issuance and distribution of the securities being registered hereunder.&nbsp;&nbsp;No
expenses shall be borne by the selling shareholder.&nbsp;&nbsp;All of the amounts shown are estimates, except for the SEC Registration
Fees.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 70%; text-align: left">SEC registration fees</TD><TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 18%; text-align: right">2,200</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Printing expenses*</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">50</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Accounting fees and expenses*</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">12,000</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Legal fees and expenses*</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">30,000</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Blue sky fees</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">3,365</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt">Miscellaneous*</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">500</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt">Total*</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">48,115</TD></TR>
</TABLE>

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

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Item 14. Indemnification of Directors and Officers.</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">Our bylaws provide that our directors and
officers will be indemnified to the fullest extent permitted by the Florida Business Corporation Act. Specifically, our bylaws
require the Company to indemnify any person who is or was, or has agreed to become, a director or officer of the Company (hereinafter,
a &ldquo;director&rdquo; or &ldquo;officer&rdquo;) and who is or was made or threatened to be made a party to or is involved in
any threatened, pending or completed action, suit, arbitration, alternative dispute mechanism, inquiry, investigation, hearing
or other proceeding (hereinafter, a &ldquo;proceeding&ldquo;), including an action by or in the right of the Company to procure
a judgment in its favor and an action by or in the right of any other corporation of any type or kind, domestic or foreign, or
any partnership, joint venture, trust, employee benefit plan or other enterprise, which such person is serving, has served or
has agreed to serve in any capacity at the request of the Company, by reason of the fact that he or she is or was, or has agreed
to become, a director or officer of the Company, or, while a director or officer of the Company, is or was serving, or has agreed
to serve, such other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise in any capacity,
against (i) judgments, fines, amounts paid or to be paid in settlement, taxes or penalties, and (ii) costs, charges and expenses,
including attorneys&rsquo; fees (hereinafter, &ldquo;expenses&rdquo;), incurred in connection with such proceeding. However, a
director and/or officer is not entitled to indemnification if a judgment or other final adjudication adverse to the director or
officer and from which there is no further right to appeal establishes that (i) his or her acts were committed in bad faith or
were the result of active and deliberate dishonesty and, in either case, were material to the cause of action so adjudicated,
or (ii) he or she personally gained in fact a financial profit or other advantage to which he or she was not legally entitled.
The Company is required to indemnify a director or officer in connection with any suit (or part thereof) initiated by a director
or officer only if such suit (or part thereof) was authorized by the Board of Directors.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">Insofar as indemnification for liabilities arising under the Securities
Act may be permitted to directors, officers or persons controlling the Company pursuant to the foregoing provisions, we have been
informed that in the opinion of the SEC, such indemnification is against public policy as expressed in the Securities Act and
is therefore unenforceable.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Item 15. Recent Sales of Unregistered Securities.</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">All of the sales below were made in reliance on the exemption
provided in Regulation S&nbsp;or Section 4(2) of the Securities Act and Rule 506 thereunder.&nbsp;&nbsp;In connection with the
sales under Regulation S, these securities were issued in offshore transactions to persons who are not U.S. Persons as defined
by Regulation S under the Securities Act of 1933 and there were no directed selling efforts made in the United States.&nbsp;&nbsp;In
connection with the sale under Section 4(2) of the Securities Act, the sales were made to accredited investors and there was no
general solicitation.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"></P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">On November 26, 2013, May 8, 2014 and June
25, 2014, we consummated an offering (the &ldquo;Notes Offering&rdquo;) of secured convertible promissory notes in the aggregate
principal amount of $4,270,100 to institutional and individual investors (the &ldquo;Note Investors&rdquo;).</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">On November 26, 2013, May 8, 2014 and June 25, 2014, in connection
with the Notes Offering, we issued warrants to the Note Investors.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Item 16. Exhibits and Financial Statement
Schedules.</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>&nbsp;</B></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: 9%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-decoration: underline; text-align: justify"><U>No.</U></TD>
    <TD STYLE="width: 91%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-decoration: underline; text-align: justify"><U>Description</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">3.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Articles of Incorporation
    of Registrant. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">3.2</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Bylaws of Registrant. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">4.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Common Stock Certificate.
    *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">5.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Opinion of Thompson Hine LLP
    regarding the legality of the securities being registered. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">GE Trademark License Agreement,
    dated as of June 15, 2011, by and between GE Trademark Licensing, Inc. and SQL Lighting &amp; Fans, LLC. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.2</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">First Amendment to Trademark
    License Agreement, dated as of April 17, 2013, by and between GE Trademark Licensing, Inc. and SQL Lighting &amp; Fans, LLC.
    *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.3</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Security Purchase
    Agreement for the Notes Offering closed November 26, 2013. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.4</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Registration Rights
    Agreement for the Notes Offering closed November 26, 2013. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.5</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Note Subscription
    Agreement for the Notes Offering closed November 26, 2013. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.6</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Common Stock Purchase
    Warrant for the Notes Offering closed November 26, 2013. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.7</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Secured Convertible
    Promissory Note for the Notes Offering closed November 26, 2013. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.8</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Voting Agreement.
    *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.9</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Office Lease, dated as of
    December 17, 2013, by and between Metzler One Buckhead Plaza, L.P. and Safety Quick Light LLC. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.10</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Trademark Assignment, dated
    November 14, 2013, by and between Safety Quick Light LLC and Safety Quick Lighting &amp; Fans Corp. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.11</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Assignment, dated November
    14, 2013, by and between Ran Kohen and Safety Quick Lighting &amp; Fans Corp. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.12</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Assignment, dated November
    13, 2013, by and between Ran Kohen and Safety Quick Lighting &amp; Fans Corp. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.13</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Patent Assignment, dated November
    14, 2013, by and between Safety Quick Light Ltd. and Safety Quick Lighting &amp; Fans Corp. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.14</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Trademark Assignment, dated
    November 14, 2013, by and between Ran Kohen and Safety Quick Lighting &amp; Fans Corp. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.15</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Loan Agreement, dated May
    29, 2007, by and between Safety Quick Light LLC and Signature Bank of Georgia. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.16</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">U.S. Small Business Administration
    Note, dated May 29, 2007, by and between Safety Quick Light LLC and Signature Bank of Georgia. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.17</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Allonge Modifying Note, dated
    August 30, 2012, by and between Safety Quick Light LLC and Signature Bank of Georgia. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"></TD></TR></TABLE>

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<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; width: 9%">10.18</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; width: 91%">Consent Agreement, dated as
    of November 14, 2013, by and between Safety Quick Lighting &amp; Fans Corp., Patricia Barron, Ran Roland Kohan, and Signature
    Bank of Georgia. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"></TD></TR></TABLE>

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<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; width: 9%">10.19</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; width: 91%">Amendment No. 1 to Consent
    Agreement, dated as of November 21, 2013, by and between Safety Quick Lighting &amp; Fans Corp., Patricia Barron, Ran Roland
    Kohan, and Signature Bank of Georgia. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.20</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Lock-Up Agreement.
    *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.21</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">DSI Marketing Agreement. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.22</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Amended and Restated Executive
    Employment Agreement, dated as of March 26, 2014, by and between Safety Quick Lighting &amp; Fans Corp. and James R. Hills.
    *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.23</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Consulting Agreement, dated
    as of November 1, 2013, by and between Safety Quick Lighting &amp; Fans Corp. and Rani Kohen. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.24</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Security Purchase
    Agreement for the Notes Offering closed May 8, 2014 and June 25, 2014. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.25</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Registration Rights
    Agreement for the Notes Offering closed May 8, 2014 and June 25, 2014. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.26</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Note Subscription
    Agreement for the Notes Offering closed May 8, 2014 and June 25, 2014. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.27</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Common Stock Purchase
    Warrant for the Notes Offering closed May 8, 2014 and June 25, 2014. *</TD></TR>
</TABLE>

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

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 9%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.28</TD>
    <TD STYLE="width: 91%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Secured
    Convertible Promissory Note for the Notes Offering closed May 8, 2014 and June 25, 2014. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.29</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Common Stock Purchase
    Warrant, issued by the Company to March and July 2012 investors. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.30</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Stock Option Agreement.
    *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.31</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Second Amendment to Trademark
    License Agreement, dated as of August 13 2014, by and between GE Trademark Licensing, Inc. and SQL Lighting &amp; Fans, LLC.
    *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">10.32</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Office Lease dated October
    24, 2014 between the Company and Highwoods DLF 98/29, LLC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">10.33</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Sublease Agreement dated October
    15, 2014 between the Company and Stableford Capital, LLC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">10.34</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Agreement and Mutual Release
    and Waiver, dated November 21, 2014, between the Company and James R. Hills.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">10.35</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Executive Employment Agreement,
    dated November 21, 2014, between the Company and John P. Campi.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">10.36</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Agreement and Waiver,
    dated December 10, 2014, between the Registrant and 2012 Investors.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.37</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Letter Agreement,
    dated January 23, 2014, between the Registrant and holders of Notes dated November 26, 2013, to convert Interest Due and/or
    Filing Default Damages and Effectiveness Default Damages into shares of the Registrant&rsquo;s common stock.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.38</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Letter Agreement,
    dated January 23, 2014, between the Registrant and holders of Notes dated May 8, 2014, to convert Filing Default Damages and
    Effectiveness Default Damages into shares of the Registrant&rsquo;s common stock.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">21</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Subsidiaries of Registrant.*</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">23.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Consent of Thompson Hine LLP,
    included in Exhibit 5.1. +</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">23.2</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Consent of Bongiovanni &amp;
    Associates, PA.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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<TD STYLE="width: 15pt; text-align: right">+</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Contained in Exhibit 5.1.</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">*</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Previously Filed.</TD>
</TR></TABLE>



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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B></B></P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>Item 17.&nbsp;&nbsp;Undertakings</B></P>

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<TD STYLE="width: 15pt; text-align: right">(a)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The undersigned registrant hereby undertakes:</TD>
</TR></TABLE>

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<TD STYLE="width: 35pt; text-align: right">(1)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">To file, during any period in which offers or sales are being made, a post-effective
amendment to this Registration Statement:</TD>
</TR></TABLE>

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<TD STYLE="width: 55pt; text-align: right">i.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">To include any prospectus required by Section&nbsp;10(a)(3)&nbsp;of the Securities
Act of 1933;</TD>
</TR></TABLE>

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<TD STYLE="width: 55pt; text-align: right">ii.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">To reflect in the prospectus any facts or events arising after the effective date
of the Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent
a fundamental change in the information set forth in the Registration Statement. Notwithstanding the foregoing, any increase or
decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered)
and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus
filed with the Securities and Exchange Commission (the &ldquo;Commission&rdquo;) pursuant to Rule&nbsp;424(b)&nbsp;if, in the
aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price set
forth in the &ldquo;Calculation of Registration Fee&rdquo; table in the effective Registration Statement;</TD>
</TR></TABLE>

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<TD STYLE="width: 55pt; text-align: right">iii.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">To include any material information with respect to the plan of distribution not previously
disclosed in the Registration Statement or any material change to such information in the Registration Statement.</TD>
</TR></TABLE>

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<TD STYLE="width: 35pt; text-align: right">(2)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">That, for the purpose of determining any liability under the Securities Act of 1933,
each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein,
and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</TD>
</TR></TABLE>

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<TD STYLE="width: 35pt; text-align: right">(3)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.</TD>
</TR></TABLE>

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<TD STYLE="width: 35pt; text-align: right">(4)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">That, for the purpose of determining liability under the Securities Act of 1933 to
any purchaser, each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other
than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to
be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however,
that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document
incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration
statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that
was made in the registration statement or prospectus that was part of the registration statement or made in any such document
immediately prior to such date of first use.</TD>
</TR></TABLE>

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<TD STYLE="width: 35pt; text-align: right">(5)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Insofar as indemnification for liabilities arising under the Securities Act of 1933
may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise,
the registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed
in the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities
(other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant
in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection
with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by
controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against
public policy as expressed in the Securities Act of 1933 and will be governed by the final adjudication of such issue.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"></P>

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

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

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">Pursuant to the requirements of the Securities Act of 1933, the
Registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned thereunto duly authorized,
in the State of Georgia, on&nbsp;May 28, 2015.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">&nbsp;</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="margin-top: 0; margin-bottom: 0; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2"><B>SAFETY QUICK LIGHTING &amp; FANS CORP.</B></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 49%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 33%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: black 1pt solid"><I>/s/ John P. Campi</I></TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">John P. Campi</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Chief Executive Officer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(Principal Executive Officer)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(Principal Accounting Officer)</P></TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

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

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">Pursuant to&nbsp;the requirements of the Securities
Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">&nbsp;</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: 30%; border-bottom: black 1pt solid"><B>Signatures</B></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 38%; border-bottom: black 1pt solid"><B>Title</B></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 30%; border-bottom: black 1pt solid; text-align: center"><B>Date</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid"><I>/s/ John P. Campi</I></TD>
    <TD>&nbsp;</TD>
    <TD>Chief Executive Officer</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">May 28, 2015</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>John P. Campi</TD>
    <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>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid"><I>/s/ Rani Kohen</I></TD>
    <TD>&nbsp;</TD>
    <TD>Chairman of the Board and Director</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">May 28, 2015</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Rani Kohen</TD>
    <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>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid"><I>/s/ Phillips Peter</I></TD>
    <TD>&nbsp;</TD>
    <TD>Director</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">May 28, 2015</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Phillips Peter</TD>
    <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>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid"><I>/s/ Tom Ridge</I></TD>
    <TD>&nbsp;</TD>
    <TD>Director</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">May 28, 2015</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Tom Ridge</TD>
    <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>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid"><I>/s/ Dov Shiff</I></TD>
    <TD>&nbsp;</TD>
    <TD>Director</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">May 28, 2015</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Dov Shiff</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><B>&nbsp;</B></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: 9%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-decoration: underline; text-align: justify"><U>No.</U></TD>
    <TD STYLE="width: 91%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-decoration: underline; text-align: justify"><U>Description</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">3.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Articles of Incorporation
    of Registrant. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">3.2</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Bylaws of Registrant. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">4.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Common Stock Certificate.
    *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">5.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Opinion of Thompson Hine LLP
    regarding the legality of the securities being registered. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">GE Trademark License Agreement,
    dated as of June 15, 2011, by and between GE Trademark Licensing, Inc. and SQL Lighting &amp; Fans, LLC. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.2</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">First Amendment to Trademark
    License Agreement, dated as of April 17, 2013, by and between GE Trademark Licensing, Inc. and SQL Lighting &amp; Fans, LLC.
    *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.3</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Security Purchase
    Agreement for the Notes Offering closed November 26, 2013. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.4</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Registration Rights
    Agreement for the Notes Offering closed November 26, 2013. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.5</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Note Subscription
    Agreement for the Notes Offering closed November 26, 2013. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.6</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Common Stock Purchase
    Warrant for the Notes Offering closed November 26, 2013. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.7</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Secured Convertible
    Promissory Note for the Notes Offering closed November 26, 2013. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.8</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Voting Agreement.
    *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.9</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Office Lease, dated as of
    December 17, 2013, by and between Metzler One Buckhead Plaza, L.P. and Safety Quick Light LLC. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.10</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Trademark Assignment, dated
    November 14, 2013, by and between Safety Quick Light LLC and Safety Quick Lighting &amp; Fans Corp. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.11</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Assignment, dated November
    14, 2013, by and between Ran Kohen and Safety Quick Lighting &amp; Fans Corp. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.12</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Assignment, dated November
    13, 2013, by and between Ran Kohen and Safety Quick Lighting &amp; Fans Corp. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.13</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Patent Assignment, dated November
    14, 2013, by and between Safety Quick Light Ltd. and Safety Quick Lighting &amp; Fans Corp. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.14</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Trademark Assignment, dated
    November 14, 2013, by and between Ran Kohen and Safety Quick Lighting &amp; Fans Corp. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.15</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Loan Agreement, dated May
    29, 2007, by and between Safety Quick Light LLC and Signature Bank of Georgia. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.16</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">U.S. Small Business Administration
    Note, dated May 29, 2007, by and between Safety Quick Light LLC and Signature Bank of Georgia. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.17</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Allonge Modifying Note, dated
    August 30, 2012, by and between Safety Quick Light LLC and Signature Bank of Georgia. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.18</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Consent Agreement, dated as
    of November 14, 2013, by and between Safety Quick Lighting &amp; Fans Corp., Patricia Barron, Ran Roland Kohan, and Signature
    Bank of Georgia. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.19</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Amendment No. 1 to Consent
    Agreement, dated as of November 21, 2013, by and between Safety Quick Lighting &amp; Fans Corp., Patricia Barron, Ran Roland
    Kohan, and Signature Bank of Georgia. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"></TD></TR></TABLE>

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<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="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; width: 9%">10.20</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; width: 91%">Form of Lock-Up Agreement.
    *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.21</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">DSI Marketing Agreement. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.22</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Amended and Restated Executive
    Employment Agreement, dated as of March 26, 2014, by and between Safety Quick Lighting &amp; Fans Corp. and James R. Hills.
    *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.23</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Consulting Agreement, dated
    as of November 1, 2013, by and between Safety Quick Lighting &amp; Fans Corp. and Rani Kohen. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.24</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Security Purchase
    Agreement for the Notes Offering closed May 8, 2014 and June 25, 2014. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.25</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Registration Rights
    Agreement for the Notes Offering closed May 8, 2014 and June 25, 2014. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.26</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Note Subscription
    Agreement for the Notes Offering closed May 8, 2014 and June 25, 2014. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.27</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Common Stock Purchase
    Warrant for the Notes Offering closed May 8, 2014 and June 25, 2014. *</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</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: 9%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.28</TD>
    <TD STYLE="width: 91%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Secured
    Convertible Promissory Note for the Notes Offering closed May 8, 2014 and June 25, 2014. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.29</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Common Stock Purchase
    Warrant, issued by the Company to March and July 2012 investors. *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.30</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Stock Option Agreement.
    *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.31</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Second Amendment to Trademark
    License Agreement, dated as of August 13 2014, by and between GE Trademark Licensing, Inc. and SQL Lighting &amp; Fans, LLC.
    *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">10.32</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><A HREF="sfql043015posamex10_32.htm">Office Lease dated October 24, 2014 between the Company and Highwoods DLF 98/29, LLC.</A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">10.33</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><A HREF="sfql043015posamex10_33.htm">Sublease Agreement dated October 15, 2014 between the Company and Stableford Capital, LLC.</A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">10.34</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><A HREF="sfql043015posamex10_34.htm">Agreement and Mutual Release and Waiver, dated November 21, 2014, between the Company and James R. Hills.</A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">10.35</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><A HREF="sfql043015posamex10_35.htm">Executive Employment Agreement, dated November 21, 2014, between the Company and John P. Campi.</A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">10.36</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><A HREF="sfql043015posamex10_36.htm">Form of Agreement and Waiver, dated December 10, 2014, between the Registrant and 2012 Investors.</A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.37</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><A HREF="sfql043015posamex10_37.htm">Form of Letter Agreement, dated January 23, 2014, between the Registrant and holders of Notes dated November 26, 2013, to convert Interest Due and/or Filing Default Damages and Effectiveness Default Damages into shares of the Registrant&rsquo;s common stock.</A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">10.38</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><A HREF="sfql043015posamex10_38.htm">Form of Letter Agreement, dated January 23, 2014, between the Registrant and holders of Notes dated May 8, 2014, to convert Filing Default Damages and Effectiveness Default Damages into shares of the Registrant&rsquo;s common stock.</A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">21</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Subsidiaries of Registrant.*</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">23.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Consent of Thompson Hine LLP,
    included in Exhibit 5.1. +</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">23.2</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><A HREF="sfql043015posamex23_2.htm">Consent of Bongiovanni &amp; Associates, PA.</A></TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">&nbsp;+&nbsp;&nbsp;&nbsp;&nbsp;&#9;Contained in Exhibit 5.1.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"> * Previously Filed.</P>



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

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.32
<SEQUENCE>5
<FILENAME>sfql043015posamex10_32.htm
<DESCRIPTION>HIGHWOODS REALTY DLF 98/29, LLC
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY STYLE="font-size: 10pt">


<P STYLE="margin: 0; font-size: 10pt; font-weight: bold; text-align: right">Exhibit 10.32</P>

<P STYLE="margin: 0; font-size: 12pt; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0; font-size: 12pt; font-weight: bold; text-align: center">HIGHWOODS REALTY DLF 98/29, LLC</P>

<P STYLE="margin: 0; font-size: 12pt; font-weight: bold; text-align: center"><B>(&#8220;LANDLORD&#8221;)</B></P>

<P STYLE="margin: 0; font-size: 12pt; font-weight: bold; text-align: center"><B>&nbsp;</B></P>

<P STYLE="margin: 0; font-size: 12pt; font-weight: bold; text-align: center"><B>SAFETY QUICK LIGHTING &amp; FANS CORP.</B></P>

<P STYLE="margin: 0; font-size: 12pt; font-weight: bold; text-align: center"><B>(&#8220;TENANT&#8221;)</B></P>

<P STYLE="margin: 0; font-size: 12pt; font-weight: bold; text-align: center"><B>&nbsp;</B></P>

<P STYLE="margin: 0; font-size: 12pt; font-weight: bold; text-align: center"><B>OFFICE LEASE</B></P>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0; font-weight: bold; text-align: center">TABLE OF CONTENTS</P>

<P STYLE="margin: 0; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 1:&#9;<B>Basic Definitions and Provisions</B></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Premises</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lease Year</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>d.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Permitted Use</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>e.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Occupancy
Limitation</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>f.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Base
Rent</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>g.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rent Payment Address</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>h.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Security Deposit</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Business
Hours</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>j.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; After
Hours HVAC Rate</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>k.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Parking</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>l.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notice
Addresses</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>m.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Broker</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>n.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Authorized Representative</I></P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 2:&#9;<B>Leased Premises</B></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>a.</I> <I>Premises</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>b.</I> <I>Common Areas</I></P>



<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 3:&#9;<B>Term</B></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>a.</I> <I>Commencement and Expiration Dates</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>b.</I> <I>Delivery of Possession</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>c.</I> <I>Right to Occupy</I></P>



<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 4:&#9;<B>Use</B></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>a.</I> <I>Permitted Use</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">b. <I>Prohibited Equipment in Premises</I></P>



<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 5:&#9;<B>Rent</B></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>a.</I> <I>Payment Obligations</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>b.</I> <I>Base Rent</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>c.</I> <I>Additional Rent</I></P>



<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 6:&#9;<B>Security Deposit</B></P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 7:&#9;<B>Services by Landlord</B></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>a.</I> <I>Base Services</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>b.</I> <I>Landlord's Maintenance</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>c.</I> <I>No Abatement</I></P>



<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 8:&#9;<B>Tenant&#8217;s Acceptance and Maintenance
of Premises</B></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>a.</I> <I>Acceptance of Premises</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>b.</I> <I>Move-in Obligations</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>c.</I> <I>Tenant's Maintenance</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>d.</I> <I>Alterations to Premises</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>e.</I> <I>Restoration of Premises</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>f.</I> <I>Landlord's Performance of Tenant's Obligations</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>g.</I> <I>Construction Liens</I></P>



<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 9:&#9;<B>Property of Tenant</B></P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 10:&#9;<B>Signs</B></P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 11:&#9;<B>Access to Premises</B></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>a.</I> <I>Tenant's Access</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">b. <I>Landlord's Access</I></P>



<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 12:&#9;<B>Tenant&#8217;s Compliance</B></P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 13:&#9;<B>Insurance Requirements</B></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>a.</I> <I>Tenant's Liability Insurance</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>b.</I> <I>Tenant's Property Insurance</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>c.</I> <I>Certificates of Insurance</I></P>

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<P STYLE="margin: 0 0 0 20pt; text-align: justify"><I></I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>d.</I> <I>Insurance Policy Requirements</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>e.</I> <I>Right to Increase Requirements</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>f.</I> <I>Landlord's Property Insurance</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>g.</I> <I>Mutual Waiver of Subrogation</I></P>



<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 14:&#9;<B>Indemnity</B></P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 15:&#9;<B>Quiet Enjoyment</B></P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 16:&#9;<B>Subordination; Attornment; Non-Disturbance;
and Estoppel Certificate</B></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>a.&nbsp;Subordination and Attornment</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>b.&nbsp;Non-Disturbance</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>c.&nbsp;Estoppel Certificates</I></P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 17:&#9;<B>Assignment &#8211; Sublease</B></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>a.&nbsp;Landlord Consent</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>b.&nbsp;Permitted Assignments/Subleases</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>c.&nbsp;Notice to Landlord</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>d.&nbsp;Prohibited Assignments/Sublease</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>e.&nbsp;Limitation on Rights of Assignee/Sublessee</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>f.&nbsp;&nbsp;Tenant Not Released</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>g.&nbsp;Landlord's Right to Collect Sublease Rents Upon
Tenant Default</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>h.&nbsp;Excess Rents</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>i.&nbsp;&nbsp;Landlord's Fees</I></P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 18:&#9;<B>Damages to Premises</B></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>a.&nbsp;Landlord&#8217;s Restoration Obligations</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>b.&nbsp;Tenant&#8217;s Restoration Obligations</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>c.&nbsp;Termination of Lease by Landlord</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>d.&nbsp;Termination of Lease by Tenant</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>e.&nbsp;Rent Abatement</I></P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 19:&#9;<B>Eminent Domain</B></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>a.&nbsp;Effect on Lease</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>b.&nbsp;Right to Condemnation Award</I></P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 20:&#9;<B>Environmental Compliance</B></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>a.</I> <I>Tenant's Responsibility</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>b.</I> <I>Liability of the Parties</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>c.</I> <I>Inspections by Landlord</I></P>



<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 21:&#9;<B>Default</B></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>a.&nbsp;Tenant's Default</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>b.&nbsp;Landlord's Remedies</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>c.&nbsp;Landlord's Expenses</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>d.&nbsp;Remedies Cumulative</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>e.&nbsp;No Accord and Satisfaction</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>f.&nbsp;&nbsp;No Reinstatement</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>g.&nbsp;Landlord&#8217;s Default</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>h.&nbsp;Summary Ejectment</I></P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 22:&#9;<B>Multiple Defaults</B></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>a.&nbsp;Loss of Option Rights</I></P>




<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">b.&nbsp;<I>Increased Security Deposit</I></P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 23:&#9;<B>Bankruptcy</B></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>a.&nbsp;Trustee's Rights</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>b.&nbsp;Adequate Assurance</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">c.&nbsp;<I>Assumption of Lease Obligations</I></P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 24:&#9;<B>Notices</B></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>a.&nbsp;Addresses</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>b.&nbsp;Form; Delivery; Receipt</I></P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 25:&#9;<B>Holding Over</B></P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 26:&#9;<B>Right to Relocate</B></P>

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<P STYLE="margin: 0 0 0 0pt; text-align: justify"><B></B></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>a.</I> <I>Substitute Premises</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>b.</I> <I>Upfit of Substitute Premises</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>c.</I> <I>Relocation Costs</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">d. <I>Lease Terms</I></P>



<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 27:&#9;<B>Broker&#8217;s Commissions</B></P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 28:&#9;<B>Anti-Terrorism Laws</B></P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 29:&#9;<B>General Provisions/Definitions</B></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>a.</I> <I>No Agency</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>b.</I> <I>Force Majeure</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>c.</I> <I>Building Standard Improvements</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>d.</I> <I>Limitation on Damages</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>e.</I> <I>Satisfaction of Judgments Against Landlord</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>f.</I> <I>Interest</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>g.</I> <I>Legal Costs</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>h.</I> <I>Sale of Premises or Building</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>i.</I> <I>Time of the Essence</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>j.</I> <I>Transfer of Security Deposit</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>k.</I> <I>Tender of Premises</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>l.</I> <I>Tenant&#8217;s Financial Statements</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>m.</I> <I>Recordation</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>n.</I> <I>Partial Invalidity</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>o.</I> <I>Binding Effect</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>p.</I> <I>Entire Agreement; Construction</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>q.</I> <I>Good Standing</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>r.</I> <I>Choice of Law</I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt"><I>s.</I> <I>Effective Date</I></P>



<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 30:&#9;<B>Special Conditions</B></P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Article 31:&#9;<B>Addenda and Exhibits</B></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">a. Lease Addendum Number One &#8211; &#8220;Work Letter&#8221;</P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">b. Lease Addendum Number Two &#8211; &#8220;Additional Rent
&#8211; Operating Expenses and Taxes&#8221;</P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">c. Exhibit A &#8211; Premises</P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">d. Exhibit B &#8211; Rules and Regulations</P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">e. Exhibit C &#8211; Commencement Agreement</P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">f. Exhibit D &#8211; Acceptance of Premises</P>




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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">OFFICE LEASE</P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 20pt"><B>THIS OFFICE LEASE </B>(&quot;Lease&quot;), made this 24th
day of October, 2014, by and between <B>HIGHWOODS DLF 98/29, LLC</B>, a Delaware limited liability company (&#8220;Landlord&#8221;),
and <B>SAFETY QUICK LIGHTING &amp; FANS CORP.</B><FONT STYLE="text-transform: uppercase">, </FONT>a Florida corporation (&#8220;Tenant&#8221;),
provides as follows:</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 20pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">1.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>BASIC DEFINITIONS
                                         AND PROVISIONS. </B>The following basic definitions and provisions apply to this Lease:</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">a.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Premises.</I>&#9;Rentable
                                         Square Feet:&#9;1,290</TD>
</TR></TABLE>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">Suite:&#9;154</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">Building:&#9;One Point Royal</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">Office Park: &#9;Royal 400 Business Park</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">Street Address:&#9;4400 North Point Parkway</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">City/County:&#9;Atlanta/Fulton</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">State/Zip Code:&#9;Georgia/30022</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">b.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Term.&#9;</I>Number
                                         of Months:<I>&#9;</I>53 Full Calendar Months</TD>
</TR></TABLE>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">Commencement Date:&#9;December 1, 2014</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">Rent Commencement Date:&#9;December 1, 2014</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">Expiration Date:&#9;April 30, 2019</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">c.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Lease Year.</I>
                                         The term &#8220;Lease Year&#8221; shall have the following meaning: the first Lease Year
                                         shall commence as of the Commencement Date and shall end on the last day of the 12<SUP>th
                                         </SUP>full month thereafter. If the Commencement Date is not the first day of a calendar
                                         month, the first Lease Year shall include the partial month that includes the Commencement
                                         Date and the 12 full months immediately following the partial month. Each successive
                                         Lease Year shall be the 12-month period commencing on the day immediately following the
                                         last day of the prior Lease Year except for any shorter period necessitated by the expiration
                                         or earlier termination of the Lease.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">d.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Permitted</I>
                                         Use. &#9;General office use</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">e.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Occupancy Limitation.</I>&#9;No
                                         more than 4 persons per 1,000 rentable square feet of the Premises.</TD>
</TR></TABLE>

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<TD STYLE="width: 35pt; text-align: right">f.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Base Rent.</I>
                                         The minimum base rent for the Term is $97,265.53, payable in monthly installments on
                                         the 1<SUP>st</SUP> day of each month in accordance with the following Base Rent Schedule:</TD>
</TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 20%; border: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center"><B>MONTHS</B></TD>
    <TD STYLE="width: 24%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center"><B>PER
    RENTABLE SQUARE FOOT</B></TD>
    <TD STYLE="width: 29%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center"><B>MONTHLY
    RENT</B></TD>
    <TD STYLE="width: 27%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center"><B>PERIOD
    RENT</B></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center">12/01/14
    &#8211; 09/30/15</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center">$&nbsp;&nbsp;8.90*</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center">$&nbsp;&nbsp;956.75*</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center">$9,567.50</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center">10/01/15
    &#8211; 11/30/15</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center">$17.80</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center">$1,913.50</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center">$3,827.00</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center">12/01/15
    &#8211; 11/30/16</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center">$18.33</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center">$1,970.91</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center">$23,650.92</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center">12/01/16
    &#8211; 11/30/17</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center">$18.88</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center">$2,030.04</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center">$24,360.48</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center">12/01/17
    &#8211; 11/30/18</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center">$19.45</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center">$2,090.94</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center">$25,091.28</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center">12/01/18
    &#8211; 04/30/19</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center">$20.03</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center">$2,153.67</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center">$10,768.35</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: right"><B>CUMULATIVE
    BASE RENT&nbsp;&nbsp;&nbsp;$97,265.53</B></TD></TR>
</TABLE>
<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">* Landlord is agreeing to waive one-half of minimum Base Rent
for the first ten (10) months of the Term; and the Base Rent for such period otherwise would have been $1,913.50 per month. Accordingly,
Landlord has agreed to conditionally waive receipt of $9,567.50 (the &#8220;Conditionally Waived Rent&#8221;) subject to Tenant&#8217;s
compliance with all terms and provisions of this Lease. In the event of any default by Tenant under this Lease that is not cured
within any relevant grace or cure period, all of the Conditionally Waived Rent, or so much of it as would have by then accrued
but for such conditional waiver, may then, at Landlord&#8217;s option exercised by written notice to Tenant, become immediately
due and payable; and Base Rent shall prospectively accrue as if there had been no agreement as to the Conditionally Waived Rent.
Upon expiration of this Lease, without any such uncured default and acceleration, the Conditionally Waived Rent shall be permanently
forgiven.</P>

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

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<TD STYLE="width: 35pt; text-align: right">g.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Rent Payment
                                         Address.</I><B> &#9;HIGHWOODS DLF 98/29, LLC</B></TD>
</TR></TABLE>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">P.O. Box 409419</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">Atlanta, Georgia 30384</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">Tax ID #: 56-2124217</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

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<TD STYLE="width: 35pt; text-align: right">h.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Security Deposit.</I>&#9; One month&#8217;s base rental, or $1,913.50</TD>
</TR></TABLE>

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<TD STYLE="width: 35pt; text-align: right">i.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Business Hours.</I> 8:00 A.M. to 6:00 P.M. Monday through Friday (excluding New
Year&#8217;s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, and Christmas Day).</TD>
</TR></TABLE>



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<TD STYLE="width: 35pt; text-align: right">j.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>After Hours HVAC Rate.</I> $50.00 per hour, per zone, with a minimum of four (4)
hours per occurrence provided Tenant has requested (during normal business hours) after hours HVAC at least four (4) business
hours in advance.</TD>
</TR></TABLE>



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<TD STYLE="width: 35pt; text-align: right">k.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Parking. </I>Unreserved and nonexclusive; not to exceed 4 spaces per 1,000 rentable
square feet.</TD>
</TR></TABLE>



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<TD STYLE="width: 35pt; text-align: right">l.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Notice Addresses.</I></TD>
</TR></TABLE>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">LANDLORD:&#9;<B>HIGHWOODS DLF 98/29,
LLC</B></P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">c/o Highwoods Properties, Inc.</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">2200 Century Parkway, Suite 800</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">Atlanta, Georgia 30345</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">Attn: Manager, Lease Administration</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">&#9;</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">with a copy to:&#9;Highwoods Properties,
Inc.</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">3100 Smoketree
Court, Suite 600</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">Raleigh, North
Carolina 27604</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">Attn: Manager,
Lease Administration and Legal Department</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">TENANT: &#9;<B>SAFETY QUICK LIGHTING
&amp; FANS CORP.</B></P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">4400 North
Point Parkway, Suite 154</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">Atlanta, Georgia
30022</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">Attn:&#9;Patty
Barron</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">Facsimile#:
_____________________</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

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<TD STYLE="width: 35pt; text-align: right">m.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Broker&#9;</I>Avison Young &#8211; Atlanta, LLC</TD>
</TR></TABLE>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">30 Ivan Allen
Jr. Boulevard, NW, Suite 900</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">Atlanta, Georgia
30308</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">Attn:&#9;Doug
Eidson</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">Facsimile #: 404-855-3689</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

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<TD STYLE="width: 35pt; text-align: right">n.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Authorized Representative:&#9;</I>Patty Barron</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">2.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>LEASED PREMISES.</B></TD>
</TR></TABLE>

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<TD STYLE="width: 35pt; text-align: right">a.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Premises</I>. Landlord leases to Tenant and Tenant leases from Landlord the Premises
identified in Section 1a and as more particularly shown on Exhibit A, attached hereto. The parties acknowledge that all square
foot measurements are approximate and agree that the square footage figures in Section 1a shall be conclusive for all purposes
with respect to this Lease.</TD>
</TR></TABLE>




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<TD STYLE="width: 35pt; text-align: right">b.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Common Areas</I>. Tenant shall have non-exclusive access to those portions of the
Building not set aside for leasing to tenants or reserved for Landlord&#8217;s exclusive use, including, but not limited to, entrances,
hallways, lobbies, elevators, restrooms, walkways, parking areas and structures, and plazas, if any (&#8220;Common Areas&#8221;).
Landlord has the exclusive right to (i) designate the Common Areas, (ii) change the designation of any Common Area and otherwise
modify the Common Areas, and (iii) permit special use of the Common Areas, including temporary exclusive use for special occasions.
Tenant shall not interfere with the rights of others to use the Common Areas. All use of the Common Areas shall be subject to
any rules and regulations reasonably promulgated by Landlord.</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">3.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>TERM</B>.</TD>
</TR></TABLE>

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<TD STYLE="width: 35pt; text-align: right">a.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Commencement and Expiration Dates</I>. The Lease Term commences on the Commencement
Date and expires on the Expiration Date, as set forth in Section 1b. The Commencement Date and Expiration Date shall be adjusted
as follows:</TD>
</TR></TABLE>

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<TD STYLE="width: 55pt; text-align: right">i.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">If Tenant requests possession of the Premises prior to the Commencement Date, and
Landlord consents, the Commencement Date shall be the date of possession. All Rent (as hereafter defined) and other obligations
under this Lease shall begin on the date of possession, but the Expiration Date shall remain the same; provided, however, that
if the Rent Commencement Date set forth in Section 1b is different than the Commencement Date, then the Rent Commencement Date
shall be adjusted so as to maintain the same amount of time between the Rent Commencement Date and the earlier Commencement Date,
and Tenant&#8217;s obligation to pay Rent shall begin on the adjusted Rent Commencement Date.</TD>
</TR></TABLE>

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<TD STYLE="width: 55pt; text-align: right">ii.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">If Landlord, for any reason, cannot deliver possession of the Premises to Tenant on
the Commencement Date, then the Commencement Date, Expiration Date, and all other dates that may be affected by their change,
shall be revised to conform to the date of Landlord's delivery of possession of the Premises to Tenant. Any such delay shall not
relieve Tenant of its obligations under this Lease, and neither Landlord nor Landlord's agents shall be liable to Tenant for any
loss or damage resulting from the delay in delivery of possession. Notwithstanding the foregoing, in the event Landlord is unable
to deliver possession of the Premises within 90 days after the original Commencement Date set forth in Section 1b (excluding any
delays resulting from force majeure or caused by Tenant &#8211; &#8220;Excused Delays&#8221;), then Tenant may terminate this
Lease by giving notice to Landlord within 100 days of the original Commencement Date (excluding Excused Delays). Tenant may not
terminate the Lease, however, if it has taken possession of any part of the Premises.</TD>
</TR></TABLE>

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<TD STYLE="width: 55pt; text-align: right">iii.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">At Landlord&#8217;s election, the Commencement Date and Expiration Date may be set
forth in a Commencement Agreement similar to <B>Exhibit C</B>, attached hereto, to be prepared by Landlord and promptly executed
by the parties.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">b.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Delivery of Possession</I>. Unless otherwise specified in the Workletter attached
as Lease Addendum Number One, &#8220;delivery of possession&#8221; of the Premises shall mean the earlier of: (i) the date Landlord
has the Premises ready for occupancy by Tenant, or (ii) the date Landlord could have had the Premises ready had there been no
delays attributable to Tenant.</TD>
</TR></TABLE>

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<TD STYLE="width: 35pt; text-align: right">c.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Right to Occupy</I>. Prior to occupancy of the Premises, Tenant&#8217;s Authorized
Representative shall execute an Acceptance of Premises similar to <B>Exhibit D </B>attached hereto, to be prepared by Landlord
and executed by the parties. Tenant shall not occupy the Premises until Tenant has complied with all of the following requirements
to the extent applicable under the terms of this Lease: (i) delivery of all certificates of insurance, (ii) payment of any required
Security Deposit, (iii) execution and delivery of any required Guaranty of Lease, and (iv) if Tenant is an entity, receipt of
resolutions depicting the authority of the party/individual signing on behalf of Tenant and a good standing certificate from the
State where it was organized and a certificate of authority to do business in the State in which the Premises are located (if
different). Tenant&#8217;s failure to comply with these (or any other conditions precedent to occupancy under the terms of this
Lease) shall not delay the Commencement Date.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">4.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>USE.</B></TD>
</TR></TABLE>

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<TD STYLE="width: 35pt; text-align: right">a.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Permitted Use.</I> The Premises may be used only for general office purposes in
connection with Tenant&#8217;s Permitted Use as defined in Section 1d and in accordance with the Occupancy Limitation as set forth
in Section 1e. Tenant shall not use the Premises:</TD>
</TR></TABLE>




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<TD STYLE="width: 55pt; text-align: right">i.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">In violation of any restrictive covenants which apply to the Premises;</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">ii.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">In any manner that constitutes a nuisance or trespass or disturb other tenants in
the Building or Office Park, as applicable;</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">iii.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">In any manner which increases any insurance premiums, or makes such insurance unavailable
to Landlord on the Building; provided that, in the event of an increase in Landlord's insurance premiums which results from Tenant's
use of the Premises, Landlord may elect to permit the use and charge Tenant for the increase in premiums, and Tenant&#8217;s failure
to pay Landlord the amount of such increase within 10 days after receipt of Landlord&#8217;s written demand shall be an event
of default;</TD>
</TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">iv.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">In any manner that creates unusual demands for electricity, heating or air conditioning;
or</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">v.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">For any purpose except the Permitted Use, unless consented to by Landlord in writing.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">b.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Prohibited Equipment in Premises.</I> Tenant shall not use or install any equipment
in the Premises that places unusual demands on the electrical, heating or air conditioning systems (&#8220;High Demand Equipment&#8221;)
without Landlord&#8217;s prior written consent. No such consent will be given if Landlord determines, in its opinion, that such
High Demand Equipment may not be safely used in the Premises or that electrical service is not adequate to support the High Demand
Equipment. Landlord&#8217;s consent may be conditioned, without limitation, upon separate metering of the High Demand Equipment
and Tenant&#8217;s payment of all engineering, equipment, installation, maintenance, removal and restoration costs and utility
charges associated with the High Demand Equipment and the separate meter, as well as administrative costs as provided below. If
High Demand Equipment used in the Premises by Tenant affects the temperature otherwise maintained by the heating and air conditioning
system, Landlord shall have the right to install supplemental air conditioning units in the Premises and/or require Tenant to
use any existing supplemental units serving the Premises. If supplemental units are required by Landlord pursuant to the foregoing
sentence, or if Tenant requests the installation and/or use of any supplemental use of any supplemental units, then the cost of
engineering, installation, operation and maintenance of the units shall be paid by Tenant. All costs and expenses relating to
High Demand Equipment and Landlord&#8217;s administrative costs (such as reading meters and calculating invoices) shall be Additional
Rent, payable by Tenant in accordance with Section 7b.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">5.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>RENT.</B></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">a.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Payment Obligations.</I> Beginning on the Rent Commencement Date, Tenant shall
pay Base Rent and Additional Rent (collectively, &#8220;Rent&#8221;) on or before the first day of each calendar month during
the Term, as follows:</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">i.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Rent payments shall be sent to the Rent Payment Address set forth in Section 1g<I>.</I></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">ii.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Rent shall be paid without previous demand or notice and without set off or deduction.
Tenant's obligation to pay Rent under this Lease is completely separate and independent from any of Landlord's obligations under
this Lease. Any payment by Tenant or acceptance by Landlord of a lesser amount than shall be due from Tenant to Landlord shall
be treated as a payment on account. The acceptance by Landlord of a check or other draft for a lesser amount with an endorsement
or statement thereon, or upon any letter accompanying such check, that such lesser amount is payment in full shall be given no
effect, and Landlord may accept such check or draft without prejudice to any other rights or remedies which Landlord may have
against Tenant.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">iii.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">If the Rent Commencement Date is a day other than the first day of a calendar month,
then Rent for such month shall be (i) prorated for the period between the Rent Commencement Date and the last day of the month
in which the Rent Commencement Date falls, and (ii) due and payable on the Rent Commencement Date.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">iv.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">If Rent is not received within five days of the due date, Landlord shall be entitled
to an overdue payment fee in the amount of the greater of $10.00 or five percent (5%) of all Rent due.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">v.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">If Landlord presents Tenant's check to any bank and Tenant has insufficient funds
to pay for such check, then Landlord shall be entitled to the maximum lawful bad check fee or five percent (5%) of the amount
of such check, whichever amount is less.</TD>
</TR></TABLE>




<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">b.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Base Rent. </I>Tenant shall pay Base Rent as set forth in Section 1f.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">c.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Additional Rent</I>. In addition to Base Rent, Tenant shall pay as rent all sums
and charges due and payable by Tenant under this Lease (&#8220;Additional Rent&#8221;), including, but not limited to, Tenant's
Proportionate Share of the increase in Operating Expenses and Taxes as set forth in Lease Addendum Number Two.</TD>
</TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">6.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>SECURITY DEPOSIT.</B> Simultaneously with Tenant&#8217;s execution and delivery
of the Lease, Tenant shall deposit with Landlord a Security Deposit in the amount set forth in Section 1h. Landlord shall retain
the Security Deposit as security for the performance by Tenant of all of its Lease obligations. The Security Deposit shall not
bear interest and may be commingled with other funds. If Tenant at any time fails to perform any of its obligations under this
Lease, including, without limitation, its Rent or other payment obligations, its restoration obligations, or its insurance and
indemnity obligations, then Landlord, may, at its option, apply the Security Deposit (or any portion) to cure Tenant's default
or to pay for damages caused by Tenant&#8217;s default. If the Lease has been terminated, then Landlord may apply the Security
Deposit (or any portion) against the damages incurred as a consequence of Tenant&#8217;s breach. The application of the Security
Deposit shall not limit Landlord&#8217;s remedies for default under the terms of this Lease. If Landlord depletes the Security
Deposit, in whole or in part, prior to the Expiration Date or any termination of this Lease, then Tenant shall restore immediately
the amount so used by Landlord. Within 30 days after the expiration or earlier termination date of this Lease, Landlord shall
refund to Tenant any unused portion of the Security Deposit after first deducting the amounts, if any, necessary to cure any outstanding
default of Tenant, to pay any outstanding damages for Tenant&#8217;s breach of the Lease, or to restore the Premises to the condition
to which Tenant is required to leave the Premises upon the expiration or termination of the Lease. Landlord shall deliver the
unused portion of the Security Deposit to Tenant&#8217;s Notice Address set forth in Section 1l above. If Tenant&#8217;s Notice
Address is the address for the Premises, then Tenant shall notify Landlord in writing of a forwarding address to which Landlord
should send the Security Deposit. If: (a) Landlord sends the unused portion of the Security Deposit to Tenant&#8217;s Notice Address
or, if applicable, the forwarding address as directed by Tenant; (b) the Security Deposit is returned to Landlord as &#8220;undeliverable&#8221;
for any reason other than an error by Landlord or the mail courier; and (c) Landlord, after using its best efforts, is unable
to locate Tenant within 90 days thereafter, then Tenant shall be deemed to have waived any rights Tenant has to the unused portion
of the Security Deposit, and Landlord may retain the Security Deposit for its own use. Tenant may not credit any unused portion
of the Security Deposit against Rent owed under the Lease.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">7.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>SERVICES BY LANDLORD</B>.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">a.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Base Services.</I> Provided that Tenant is not then in default beyond any applicable
cure period, Landlord shall cause to be furnished to the Building, or as applicable, the Premises, in common with other tenants
the following services:</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">i.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Water (if available from city mains) for drinking, lavatory and toilet purposes.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">ii.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Electricity (if available from the utility supplier) for the building standard fluorescent
lighting and for the operation of general office machines.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">iii.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Building standard fluorescent lighting composed of 2' x 4' fixtures; Tenant shall
service, replace and maintain at its own expense any incandescent fixtures, table lamps, or lighting other than the Building Standard
fluorescent light, and any dimmers or lighting controls other than controls for the building standard fluorescent lighting.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">iv.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Heating and air conditioning for the reasonably comfortable use and occupancy of the
Premises during Business Hours as set forth in Section 1i.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">v.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">After Business Hours, weekend and holiday heating and air conditioning at the After
Hours HVAC rate set forth in Section 1j, with such charges subject to commercially reasonable annual increases as determined by
Landlord.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">vi.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Janitorial services five days a week (excluding National and State holidays) after
Business Hours.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">vii.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">A reasonable pro-rata share of the unreserved, nonexclusive parking spaces of the
Building, not to exceed the Parking specified in Section 1k, for use by Tenant's employees and visitors in common with the other
tenants and their employees and visitors.</TD>
</TR></TABLE>




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<TD STYLE="width: 35pt; text-align: right">b.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Landlord&#8217;s Maintenance.</I> Landlord shall make all repairs and replacements
to the Building (including Building fixtures and equipment), Common Areas and Building Standard Improvements in the Premises,
except for repairs and replacements that Tenant must make under Article 8. Landlord shall not be obligated to repair or maintain
Non-Standard Improvements (as defined in this Lease). Landlord&#8217;s maintenance shall include the roof, foundation, exterior
walls, interior structural walls, all structural components, and all Building systems, such as mechanical, electrical, HVAC, and
plumbing. Repairs or replacements shall be made within a reasonable time (depending on the nature of the repair or replacement
needed) after receiving notice from Tenant or Landlord having actual knowledge of the need for a repair or replacement.</TD>
</TR></TABLE>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">Notwithstanding
the foregoing or any provision herein to the contrary, in the event that any supplemental air conditioning units are installed
in the Premises pursuant to Section 4.b above by or on behalf of Tenant, at Tenant&#8217;s request or by Landlord, Tenant shall
be solely responsible for all costs associated with the installation, operation, maintenance, repair and replacement of the supplemental
units, including, without limitation, all electrical costs associated with the supplemental units, which shall be separately metered
and due and payable by Tenant within 10 days after receipt of Landlord&#8217;s invoice. Notwithstanding the foregoing, any supplemental
units that are two tons or less shall not be separately metered; instead, Tenant shall reimburse Landlord on a monthly basis for
the costs and expenses associated with electrical service for each of these units (the &#8220;HVAC Reimbursement&#8221;). The
monthly HVAC Reimbursement shall be Additional Rent and shall be due and payable at the same time and in the same manner as monthly
Base Rent. The amount of the monthly HVAC Reimbursement for each unit shall be determined according to the following formula:</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt"><B>(# tons of the supplemental
unit) x (1.5 kW/ton) x (500 hours) x (Average Rate/kWh) = monthly HVAC Reimbursement per unit</B></P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">The Average
Rate/kWh is a fraction, the numerator of which is the average cost of electricity billed to Landlord by the applicable utility
provider during the applicable billing cycle, and the denominator of which is the total kWh consumed at the Building during that
same billing cycle. Landlord shall have the right to adjust the monthly HVAC Reimbursement annually based on the Average Rate/kWh
for the preceding 12-month period, and Landlord shall notify Tenant in writing of the adjustment. With respect to determining
the Average Rate/kWh for any newly constructed buildings, the Average Rate/kWh for the first 12 months following the completion
of the new building shall be the average of the Average Rate/kWh for all of the buildings owned by Landlord or its affiliates
in the greater Atlanta, Georgia area for the billing cycle immediately preceding the completion of the new building; thereafter,
the Average Rate/kWh for the new building shall be determined and adjusted as set forth above.</P>

<P STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">c.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>No Abatement.</I> There shall be no abatement or reduction of Rent by reason of
any of the foregoing services not being continuously provided to Tenant. Landlord shall have the right to shut down the Building
systems (including electricity and HVAC systems) for required maintenance and safety inspections, and in cases of emergency.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">8.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>TENANT'S ACCEPTANCE AND MAINTENANCE OF PREMISES</B>.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">a.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Acceptance of Premises</I>. Except as expressly provided otherwise in this Lease,
Tenant&#8217;s occupancy of the Premises is Tenant&#8217;s representation to Landlord that (i) Tenant has examined and inspected
the Premises, (ii) finds the Premises to be as represented by Landlord and satisfactory for Tenant's intended use, and (iii) constitutes
Tenant's acceptance of the Premises &quot;as is&quot;. Landlord makes no representation or warranty as to the condition of the
Premises except as specifically set forth elsewhere in this Lease.</TD>
</TR></TABLE>

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<TD STYLE="width: 35pt; text-align: right">b.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="margin: 0 0 0 40pt; text-align: justify; text-indent: 0pt"><I>Move-In Obligations. </I>Tenant shall schedule its move-in with the Landlord&#8217;s
Property Manager. Unless otherwise approved by Landlord&#8217;s Property Manager, move-in shall not take place during Business
Hours. Prior to the move-in, Tenant must provide the name, address and contact information for Tenant&#8217;s moving company,
and the moving company must comply with Landlord&#8217;s requirements, including insurance. During Tenant&#8217;s move-in, a representative
of Tenant must be on-site with Tenant&#8217;s moving company to insure proper treatment of the Building and the Premises. Elevators,
entrances, hallways and other Common Areas must remain in use for the general public during business hours. Any specialized use
of elevators or other Common Areas must be coordinated with Landlord&#8217;s Property Manager. Tenant must properly dispose of
all packing material and refuse in accordance with the Rules and Regulations. Any damage or destruction to the Building or the
Premises caused by Tenant or its moving company, employees, agents or contractors during Tenant&#8217;s move-in will be the sole
responsibility of Tenant.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">c.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Tenant&#8217;s Maintenance.</I> Tenant shall: (i) keep the Premises and fixtures
in good order; (ii) repair and replace Non-Standard Improvements installed by or at Tenant's request that serve the Premises (unless
the Lease is ended because of casualty loss or condemnation); and (iii) not commit waste. &#8220;Non-Standard Improvements&#8221;
means such items as (i) High Demand Equipment and separate meters, (ii) all wiring and cabling from the point of origin to the
termination point, (iii) raised floors for computer or communications systems, (iv) telephone equipment, security systems, and
UPS systems, (iv) equipment racks, (v) alterations installed by or at the request of Tenant after the Commencement Date, (vi)
equipment installed in a kitchen, kitchenette or break room within the Premises, including any ice machine, refrigerator, dishwasher,
garbage disposal, coffee machine and microwave, sink and related faucets, water filter and water purification system, (vii) kitchen
drain lines; and (ix) any other improvements that are not part of the Building Standard Improvements, including, but not limited
to, special equipment, decorative treatments, lights and fixtures and executive restrooms.</TD>
</TR></TABLE>

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<TD STYLE="width: 35pt; text-align: right">d.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Alterations to Premises.</I> Tenant shall make no structural or interior alterations
to the Premises without the prior written approval of Landlord. If Tenant requests alterations, Tenant shall provide Landlord
with a complete set of construction drawings. If the requested alterations are approved by Landlord, then Landlord shall determine
the actual cost of the work to be done [to include a construction supervision fee of ten percent (10%)]. Tenant may then either
agree to pay Landlord to have the work done or withdraw its request for alterations. The construction supervision fee for the
initial tenant improvements shall be as provided in the attached Workletter, if any.</TD>
</TR></TABLE>

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<TD STYLE="width: 35pt; text-align: right">e.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Restoration of Premises.</I> At the expiration or earlier termination of this Lease,
Tenant shall (i) deliver each and every part of the Premises in good repair and condition, ordinary wear and tear and damage by
insured casualty excepted, and (ii) restore the Premises at Tenant's sole expense to the same condition as existed at the Commencement
Date, ordinary wear and tear and damage by insured casualty excepted. If Tenant has required or installed Non-Standard Improvements,
such improvements shall be removed as part of Tenant&#8217;s restoration obligation. Landlord, however, may grant Tenant the right
to leave any Non-Standard Improvements in the Premises if at the time of such Non-Standard Improvements were installed, Landlord
agreed in writing that Tenant could leave such improvements. Tenant shall repair any damage caused by the removal of any Non-Standard
Improvements.</TD>
</TR></TABLE>

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<TD STYLE="width: 35pt; text-align: right">f.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Landlord&#8217;s Performance of Tenant&#8217;s Obligations.</I> If Tenant does
not perform its maintenance or restoration obligations in a timely manner, commencing the same within five days after receipt
of notice from Landlord specifying the work needed, and thereafter diligently and continuously pursuing the work until completion,
then Landlord shall have the right, but not the obligation, to perform such work on Tenant&#8217;s behalf. Any amounts expended
by Landlord on such maintenance or restoration shall be Additional Rent to be paid by Tenant to Landlord within 10 days after
demand.</TD>
</TR></TABLE>

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<TD STYLE="width: 35pt; text-align: right">g.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Construction Liens.</I> Tenant shall keep Landlord&#8217;s property, including,
without limitation, the Premises, Building, Common Areas and real estate upon which the Building and Common Areas are situated
(collectively &#8220;Landlord&#8217;s Property&#8221;), free from any liens arising out of any work performed, materials furnished,
or obligations incurred by or on behalf of Tenant. Should any lien or claim of lien be filed against Landlord&#8217;s Property
by reason of any act or omission of Tenant or any of Tenant&#8217;s agents, employees, contractors or representatives, then Tenant
shall cause the same to be canceled and discharged of record by bond or otherwise within 10 days after the filing thereof. Should
Tenant fail to discharge the lien within 10 days, then Landlord may discharge the lien. The amount paid by Landlord to discharge
the lien (whether directly or by bond), plus all administrative and legal costs incurred by Landlord, shall be Additional Rent
payable by Tenant within 10 days after receipt of Landlord&#8217;s written demand. The remedies provided herein shall be in addition
to all other remedies available to Landlord under this Lease or otherwise.</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">9.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>PROPERTY OF TENANT. </B>Tenant shall pay when due all taxes levied or assessed
upon Tenant's equipment, fixtures, furniture, leasehold improvements and personal property located in the Premises. Provided Tenant
is not in default, Tenant may remove all fixtures and equipment which it has placed in the Premises; provided, however, Tenant
must repair all damages caused by such removal. If Tenant does not remove its property from the Premises upon the expiration or
earlier termination (for whatever cause) of this Lease, such property shall be deemed abandoned by Tenant, and Landlord may dispose
of the same in whatever manner Landlord may elect without any liability to Tenant.</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">10.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>SIGNS.</B> Tenant may not erect, install or display any sign or advertising material
upon the exterior of the Building or Premises (including any exterior doors, walls or windows) without the prior written consent
of Landlord, which consent may be withheld in Landlord&#8217;s sole discretion. Door and directory signage shall be provided and
installed by the Landlord in accordance with building standards at Tenant&#8217;s expense, unless otherwise provided in the Workletter
attached as Lease Addendum Number One.</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">11.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>ACCESS TO PREMISES</B>.</TD>
</TR></TABLE>

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<TD STYLE="width: 35pt; text-align: right">a.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Tenant&#8217;s Access.</I> Tenant, its agents, employees, invitees, and guests,
shall have access to the Premises and reasonable ingress and egress to the Common Areas of the Building 24 hours a day, seven
days a week; provided, however, Landlord by reasonable regulation may control such access for the comfort, convenience, safety
and protection of all tenants in the Building, or as needed for making repairs and alterations. Tenant shall be responsible for
providing access to the Premises to its agents, employees, invitees and guests after Business Hours and on weekends and holidays,
but in no event shall Tenant&#8217;s use of and access to the Premises during non-Business Hours compromise the security of the
Building.</TD>
</TR></TABLE>

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<TD STYLE="width: 35pt; text-align: right">b.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Landlord&#8217;s Access.</I> Landlord shall have the right to enter the Premises
at any time without notice in the event of an emergency. Additionally, Landlord shall have the right, at all reasonable times
and upon reasonable oral notice, either itself or through its authorized agents, to enter the Premises (i) to make repairs, alterations
or changes that Landlord is permitted or required to make pursuant to the terms of this Lease, (ii) to inspect the Premises, mechanical
systems and electrical devices, and (iii) to show the Premises to prospective mortgagees and purchasers. Within 180 days prior
to the Expiration Date, Landlord shall have the right, either itself or through its authorized agents, to enter the Premises at
all reasonable times to show prospective tenants. Except in cases of emergency, Landlord shall use reasonable efforts to minimize
any interruption to Tenant&#8217;s business operations during any entry by Landlord into the Premises.</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">12.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>TENANT&#8217;S COMPLIANCE</B>. Tenant shall comply with all applicable laws, ordinances
and regulations affecting the Premises, whether now existing or hereafter enacted. Tenant shall comply with the Rules and Regulations
attached as <B>Exhibit B.</B> The Rules and Regulations may be modified from time to time by Landlord, effective as of the date
delivered to Tenant or posted on the Premises, provided such rules are reasonable in scope and uniformly applicable to all tenants
in the Building. Any conflict between this Lease and the Rules and Regulations shall be governed by the terms of this Lease.</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">13.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>INSURANCE REQUIREMENTS</B>.</TD>
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<TD STYLE="width: 35pt; text-align: right">a.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Tenant&#8217;s Liability Insurance.</I> Throughout the Term, Tenant, at its sole
cost and expense, shall keep or cause to be kept for the mutual benefit of Landlord, Landlord's Property Manager, and Tenant,
Commercial General Liability Insurance (1986 ISO Form or its equivalent) with a combined single limit, each Occurrence and General
Aggregate-per location, of at least $2,000,000.00, which policy shall insure against liability of Tenant, arising out of and in
connection with Tenant's use of the Premises, and which shall insure the indemnity provisions contained in this Lease. Landlord
and its managing agent shall be named as an Additional Insured on any and all liability insurance policies required under this
Lease.</TD>
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<TD STYLE="width: 35pt; text-align: right">b.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Tenant&#8217;s Property Insurance.</I> Tenant, at its own cost and expense, shall
also carry the equivalent of ISO Special Form Property Insurance on Tenant&#8217;s Property for full replacement value and with
coinsurance waived. For purposes of this provision, &#8220;Tenant&#8217;s Property&#8221; shall mean Tenant&#8217;s personal property
and fixtures, and any improvements to the Premises that were paid for by Tenant (and were not provided to the Premises pursuant
to a tenant improvement allowance provided to Tenant by Landlord or at Landlord&#8217;s cost).</TD>
</TR></TABLE>

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<TD STYLE="width: 35pt; text-align: right">c.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Certificates of Insurance.</I> Prior to taking possession of the Premises, and
annually thereafter, Tenant shall deliver to Landlord certificates or other evidence of insurance satisfactory to Landlord. If
Tenant fails to provide Landlord with certificates or other evidence of insurance coverage, Landlord may obtain the required coverage
on Tenant&#8217;s behalf, in which event the cost of such coverage shall be Additional Rent due and payable by Tenant within 10
days after receipt of Landlord&#8217;s written demand.</TD>
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<TD STYLE="width: 35pt; text-align: right">d.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Insurance Policy Requirements.</I> Tenant&#8217;s insurance policies required by
this Lease shall: (i) be issued by insurance companies licensed to do business in the state in which the Premises are located
with a general policyholder's ratings of at least A- and a financial rating of at least VI in the most current Best's Insurance
Reports available on the Commencement Date, or if the Best's ratings are changed or discontinued, the parties shall agree to a
comparable method of rating insurance companies; (ii) endorsed to be primary to all insurance available to Landlord, with Landlord&#8217;s
being excess, secondary or noncontributory; (iii) contain only standard and/or usual exclusions or restrictions; (iv) have a deductible
or self-insured retention of no more than $50,000.00 unless approved in writing by Landlord; and (v) provide that the policies
cannot be canceled, non-renewed, or coverage reduced except after at least 30 days' prior notice to Landlord. All deductibles
and/or retentions shall be paid by, assumed by, for the account of, and at Tenant&#8217;s sole risk. Tenant may provide the insurance
required by virtue of the terms of this Lease by means of a policy or policies of blanket insurance so long as: (a) the amount
of the total insurance allocated to the Premises under the terms of the blanket policy or policies furnishes protection equivalent
to that of separate policies in the amounts required by the terms of this Lease; and (b) the blanket policy or policies comply
in all other respects with the requirements of this Lease.</TD>
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<TD STYLE="width: 35pt; text-align: right">e.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Right to Increase Requirements.</I> Landlord shall have the right, upon prior notice
to Tenant but no more than once every three years during the Term, to require Tenant to increase the limit and coverage amount
of any insurance Tenant is required to maintain under this Lease to an amount that Landlord or its mortgagee, in the reasonable
judgment of either, may deem sufficient, provided that the increased limits are reasonable and consistent with those required
by other owners of similar office buildings in the same geographic region.</TD>
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<TD STYLE="width: 35pt; text-align: right">f.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Landlord&#8217;s Property Insurance.</I> Landlord shall keep the Building, including
the improvements (but excluding Tenant&#8217;s Property), insured against damage and destruction by perils insured by the equivalent
of ISO Special Form Property Insurance for full replacement value.</TD>
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<TD STYLE="width: 35pt; text-align: right">g.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Mutual Waiver of Subrogation.</I> Anything in this Lease to the contrary notwithstanding,
Landlord hereby releases and waives unto Tenant (including all partners, stockholders, officers, directors, employees and agents
thereof), its successors and assigns, and Tenant hereby releases and waives unto Landlord (including all partners, stockholders,
officers, directors, employees and agents thereof), its successors and assigns, all rights to claim damages for any injury, loss,
cost or damage to persons or to the Premises or any other casualty, as long as the amount of such injury, loss, cost or damage
has been paid either to Landlord, Tenant, or any other person, firm or corporation, under the terms of any Property, General Liability,
or other policy of insurance, to the extent such releases or waivers are permitted under applicable law. As respects all policies
of insurance carried or maintained pursuant to this Lease and to the extent permitted under such policies, Tenant and Landlord
each waive the insurance carriers&#8217; rights of subrogation. For purposes of this provision, insurance proceeds paid to either
party shall be deemed to include any deductible or self-insurance retention amount for which that party is responsible. A party&#8217;s
failure to obtain or maintain any insurance coverage required to be carried pursuant to the terms of this Lease shall not negate
the waivers and releases set forth herein as long as the insurance that the party failed to obtain or maintain would have covered
the loss or damage for which the party is waiving its claims. Nothing in this provision shall be deemed a waiver or release by
Landlord of its right to claim, demand and collect insurance proceeds directly from Tenant&#8217;s insurer pursuant to Landlord&#8217;s
status as an additional insured under any insurance policy Tenant is required to carry pursuant to the terms of this Lease.</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">14.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>INDEMNITY. </B>Subject to the insurance requirements, releases and mutual waivers
of subrogation set forth in this Lease, and except to the extent caused by Landlord&#8217;s negligence or willful misconduct,
Tenant shall indemnify, defend and hold Landlord harmless from and against any and all claims, damages, losses, liabilities, lawsuits,
costs and expenses (including attorneys' fees at all tribunal levels) arising out of or related to (i) any activity, work, or
other thing done, permitted or suffered by Tenant in or about the Premises or the Building, (ii) any breach or default by Tenant
in the performance of any of its obligations under this Lease, or (iii) any act or neglect of Tenant, or any officer, agent, employee,
contractor, servant, invitee or guest of Tenant. Subject to the insurance requirements, releases and mutual waivers of subrogation
set forth in this Lease, and except to the extent caused by Tenant&#8217;s negligence or willful misconduct, Landlord shall indemnify
and hold Tenant harmless from and against any and all claims, damages, losses, liabilities, lawsuits, costs and expenses (including
attorneys' fees at all tribunal levels) arising out of or related to (a) any activity, work, or other thing done, permitted or
suffered by Landlord in or about the Common Areas or the Building, (b) any breach or default by Landlord in the performance of
any of its obligations under this Lease, or (c) any act or neglect of Landlord, or any officer, agent, employee, contractor or
servant of Landlord.</TD>
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<TD STYLE="width: 15pt; text-align: right">15.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>QUIET ENJOYMENT.</B> Tenant shall have quiet enjoyment and possession of the Premises,
provided Tenant promptly and fully complies with all of its obligations under this Lease. No action of Landlord working in other
space in the Building, or in repairing or restoring the Premises in accordance with it obligations hereunder, shall be deemed
a breach of this covenant.</TD>
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<TD STYLE="width: 15pt; text-align: right">16.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>SUBORDINATION AND ATTORNMENT; NON-DISTURBANCE; AND ESTOPPEL CERTIFICATE.</B></TD>
</TR></TABLE>

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<TD STYLE="width: 35pt; text-align: right">a.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Subordination and Attornment.</I> Tenant agrees to execute within 10 days after
request to do so from Landlord or its mortgagee (to include a grantee of a security deed) an agreement:</TD>
</TR></TABLE>

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<TD STYLE="width: 55pt; text-align: right">i.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Making this Lease superior or subordinate to the interests of the mortgagee;</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">ii.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Agreeing to attorn to the mortgagee;</TD>
</TR></TABLE>

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<TD STYLE="width: 55pt; text-align: right">iii.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Giving the mortgagee notice of, and a reasonable opportunity (which shall in no event
be less than 30 days after notice thereof is delivered to mortgagee) to cure any Landlord default and agreeing to accept such
cure if effected by the mortgagee;</TD>
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<TD STYLE="width: 55pt; text-align: right">iv.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Permitting the mortgagee (or other purchaser at any foreclosure sale), and its successors
and assigns, on acquiring Landlord's interest in the Premises and the Lease, to become substitute Landlord hereunder, with liability
only for such landlord obligations as accrue after Landlord's interest is so acquired;</TD>
</TR></TABLE>

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<TD STYLE="width: 55pt; text-align: right">v.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Agreeing to attorn to any successor landlord; and</TD>
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<TD STYLE="width: 55pt; text-align: right">vi.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Containing such other agreements and covenants on Tenant's part as Landlord's mortgagee
may reasonably request.</TD>
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<TD STYLE="width: 35pt; text-align: right">b.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Non-Disturbance.</I> Tenant&#8217;s obligation to subordinate its interests or
attorn to any mortgagee is conditioned upon the mortgagee&#8217;s agreement not to disturb Tenant&#8217;s possession and quiet
enjoyment of the Premises under this Lease so long as Tenant is in compliance with the terms of the Lease.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">c.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Estoppel Certificates.</I> Tenant agrees to execute within five business days after
request, and as often as reasonably requested, estoppel certificates confirming any factual matter requested by Landlord which
is true and is within Tenant's knowledge regarding this Lease, and the Premises, including but not limited to: (i) the date of
occupancy, (ii) Expiration Date, (iii) the amount of Rent due and date to which Rent is paid, (iii) whether Tenant has any defense
or offsets to the enforcement of this Lease or the Rent payable, (iv) any default or breach by Landlord, and (v) whether this
Lease, together with any modifications or amendments, is in full force and effect.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">17.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>ASSIGNMENT &#8211; SUBLEASE.</B></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">a.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Landlord Consent.</I> Except as provided in subsection (b) below, Tenant may not
assign or encumber this Lease or its interest in the Premises arising under this Lease, and may not sublet all or any part of
the Premises, without first obtaining the written consent of Landlord, which consent shall not be withheld unreasonably. One consent
shall not be the basis for any further consent.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">b.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Permitted Assignments/Subleases.</I> Notwithstanding the foregoing, Tenant may
assign this Lease or sublease part or all of the Premises without Landlord's consent to: (i) any corporation, limited liability
company, or partnership that controls, is controlled by, or is under common control with, Tenant at the Commencement Date; or
(ii) any corporation or limited liability company resulting from the merger or consolidation with Tenant or to any entity that
acquires all of Tenant's assets as a going concern of the business that is being conducted on the Premises; provided, however,
the assignor remains liable under the Lease and the assignee or sublessee is a bona fide entity and assumes the obligations of
Tenant, is as creditworthy as the Tenant, and continues the same Permitted Use as provided under Article 4.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">c.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Notice to Landlord.</I> Landlord must be given prior written notice of every assignment
or subletting, and failure to do so shall be a default hereunder.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">d.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Prohibited Assignments/Subleases.</I> In no event shall this Lease be assignable
by operation of any law, and Tenant's rights hereunder may not become, and shall not be listed by Tenant as an asset under any
bankruptcy, insolvency or reorganization proceedings. Acceptance of Rent by Landlord after any non&#45;permitted assignment or
sublease shall not constitute approval thereof by Landlord.</TD>
</TR></TABLE>




<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">e.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Limitation on Rights of Assignee/Sublessee.</I> Any assignment for which Landlord&#8217;s
consent is required shall not include the right to exercise any options to renew the Term, expand the Premises or similar options,
unless specifically provided for in the consent.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">f.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Tenant Not Released.</I> No assignment or sublease shall release Tenant of any
of its obligations under this Lease.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">g.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Landlord&#8217;s Right to Collect Sublease Rents upon Tenant Default.</I> If the
Premises (or any portion) is sublet and Tenant defaults under its obligations to Landlord, then Landlord is authorized, at its
option, to collect all sublease rents directly from the sublessee. Tenant hereby assigns the right to collect the sublease rents
to Landlord in the event of Tenant default. The collection of sublease rents by Landlord shall not relieve Tenant of its obligations
under this Lease, nor shall it create a contractual relationship between sublessee and Landlord or give sublessee any greater
estate or right to the Premises than contained in its sublease.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">h.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Excess Rents.</I> If Tenant assigns this Lease or subleases all or part of the
Premises at a rental rate that exceeds the rentals paid to Landlord, then any such excess shall be paid over to Landlord by Tenant.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">i.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Landlord&#8217;s Fees.</I> Tenant shall pay Landlord an administration fee of $1,000.00
per assignment or sublease transaction for which Landlord&#8217;s consent is required.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">18.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>DAMAGES TO PREMISES.</B></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">a.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Landlord&#8217;s Restoration Obligations.</I> If the Building or Premises are damaged
by fire or other casualty (&#8220;Casualty&#8221;), then, unless the Lease is terminated as provided in this Article 18, Landlord
shall repair and restore the Premises to substantially the same condition of the Premises immediately prior to such Casualty,
subject to the following terms and conditions:</TD>
</TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">i.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The casualty must be insured under Landlord's insurance policies, and Landlord&#8217;s
obligation is limited to the extent of the insurance proceeds received by Landlord. Landlord&#8217;s duty to repair and restore
the Premises shall not begin until receipt of the insurance proceeds.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">ii.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Landlord&#8217;s lender(s) must permit the insurance proceeds to be used for such
repair and restoration.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">iii.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Landlord shall have no obligation to repair and restore Tenant&#8217;s trade fixtures,
decorations, signs, contents, or any Non-Standard Improvements to the Premises.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">b.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Tenant&#8217;s Restoration Obligations.</I> Unless the Lease is terminated as provided
in this Article 18, Tenant shall promptly repair, restore, or replace Tenant's Property. All repair, restoration or replacement
of Tenant&#8217;s Property shall be at least to the same condition as existed prior to the Casualty.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">c.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Termination of Lease by Landlord.</I> Landlord shall have the option of terminating
the Lease following the Casualty if: (i) the Premises is rendered wholly untenantable; (ii) the Premises is damaged in whole or
in part as a result of a risk which is not covered by Landlord's insurance policies; (iii) Landlord's lender does not permit a
sufficient amount of the insurance proceeds to be used for restoration purposes; (iv) the Premises is damaged in whole or in part
during the last two years of the Term; or (v) the Building containing the Premises is damaged (whether or not the Premises is
damaged) to an extent of fifty percent (50%) or more of the fair market value thereof. If Landlord elects to terminate this Lease,
then it shall give notice of the cancellation to Tenant within (60) days after the date of the Casualty. Tenant shall vacate and
surrender the Premises to Landlord within (15) days after receipt of the notice of termination.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">d.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Termination of Lease by Tenant.</I> Tenant shall have the option of terminating
the Lease if: (i) Landlord has failed to substantially restore the damaged Building or Premises within (180) days of the Casualty
(&#8220;Restoration Period&#8221;); (ii) the Restoration Period has not been delayed by Tenant delays or <I>force majeure</I>;
and (iii) Tenant gives Landlord notice of the termination within 15 days after the end of the Restoration Period (as extended
by any Tenant delay or <I>force majeure</I> delays). If Landlord is delayed by Tenant delay or <I>force majeure</I>, then Landlord
must provide Tenant with notice of the delays within (15) days of the <I>force majeure</I> event stating the reason for the delays
and a good faith estimate of the length of the delays.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">e.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Rent Abatement. </I>If Premises is rendered wholly untenantable by the Casualty,
then the Rent payable by Tenant shall be fully abated. If the Premises is only partially damaged, then Tenant shall continue the
operation of Tenant's business in any part not damaged to the extent reasonably practicable from the standpoint of prudent business
management, and Rent and other charges shall be abated proportionately to the portion of the Premises rendered untenantable. The
abatement shall be from the date of the Casualty until the Premises have been substantially repaired and restored, or until Tenant's
business operations are restored in the entire Premises, whichever shall first occur. However, if the Casualty is caused by the
negligence or other wrongful conduct of Tenant or of Tenant's subtenants, licensees, contractors, or invitees, or their respective
agents or employees, there shall be no abatement of Rent.<I> </I>The abatement of the Rent set forth above, and the right to terminate
the Lease set forth in Section 18d, are Tenant&#8217;s exclusive remedies against Landlord in the event of a Casualty.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">19.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>EMINENT DOMAIN.</B> If all of the Premises are taken under the power of eminent
domain (or by conveyance in lieu thereof), then this Lease shall terminate as of the date possession is taken by the condemnor,
and Rent shall be adjusted between Landlord and Tenant as of such date. If only a portion of the Premises is taken and Tenant
can continue use of the remainder, then this Lease will not terminate, but Rent shall abate in a just and proportionate amount
to the loss of use occasioned by the taking.</TD>
</TR></TABLE>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">Landlord shall be entitled to receive and retain the entire
condemnation award for the taking of the Building and Premises. Tenant shall have no right or claim against Landlord for any part
of any award received by Landlord for the taking. Tenant, however, shall not be prevented from making a claim against the condemning
party (but not against Landlord) for any moving expenses, loss of profits, or taking of Tenant&#8217;s personal property (other
than its leasehold estate) to which Tenant may be entitled; provided that any such award shall not reduce the amount of the award
otherwise payable to Landlord for the taking of the Building and Premises.</P>

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<TD STYLE="width: 15pt; text-align: right">20.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>ENVIRONMENTAL COMPLIANCE</B>.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">a.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Tenant's Responsibility</I>. Tenant shall not (either with or without negligence)
cause or permit the escape, disposal or release of any biologically active or other hazardous substances or materials on the Property.
For the purposes of this Article 20, the term &#8220;Property&#8221; shall include the Premises, Building, all Common Areas, the
real estate upon which the Building and Common Areas are located; all personal property (including that owned by Tenant); and
the soil, ground water, and surface water of the real estate upon which the Building is located. Tenant shall not allow the storage
or use of such substances or materials in any manner not sanctioned by law or in compliance with the highest standards prevailing
in the industry for the storage and use of such substances or materials, nor allow to be brought onto the Property any such materials
or substances except to use in the ordinary course of Tenant's business, and then only after notice is given to Landlord of the
identity of such substances or materials. No such notice shall be required, however, for commercially reasonable amounts of ordinary
office supplies and janitorial supplies.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">b.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Liability of the Parties</I>. Landlord represents and warrants that, to Landlord&#8217;s
knowledge, there are no hazardous materials on the Property as of the Commencement Date in violation of any laws. Landlord shall
indemnify and hold Tenant harmless from any liability resulting from Landlord&#8217;s violation of this representation and warranty,
unless the hazardous materials are present on the Property due to the act or omission of Tenant or its agents, employees, officers,
licensees or contractors, in which event Tenant shall be obligated to indemnify Landlord as hereafter provided. Tenant shall indemnify
and hold Landlord harmless from any penalty, fine, claim, demand, liability, cost, or charge whatsoever which Landlord shall incur,
or which Landlord would otherwise incur, by reason of Tenant's failure to comply with this Article 20 including, but not limited
to: (i) the cost of full remediation of any contamination to bring the Property into the same condition as prior to the Commencement
Date and into full compliance with all Environmental Laws; (ii) the reasonable cost of all appropriate tests and examinations
of the Premises to confirm that the Premises and any other contaminated areas have been remediated and brought into compliance
with law; and (iii) the reasonable fees and expenses of Landlord's attorneys, engineers, and consultants incurred by Landlord
in enforcing and confirming compliance with this Article 20. Notwithstanding the foregoing, Tenant&#8217;s obligations under this
Article 20 shall not apply to any condition or matter constituting a violation of any law that was not caused, in whole or in
part, by Tenant or Tenant's agents, employees, officers, partners, contractors, servants or invitees. The covenants contained
in this Article 20 shall survive the expiration or termination of this Lease, and shall continue for so long as either party and
its successors and assigns may be subject to any expense, liability, charge, penalty, or obligation against which the other party
has agreed to indemnify it under this Article 20.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">c.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Inspections by Landlord</I>. Landlord and its engineers, technicians, and consultants,
from time to time as Landlord deems appropriate, may conduct periodic examinations of the Premises to confirm and monitor Tenant's
compliance with this Article 20. Such examinations shall be conducted in such a manner as to minimize the interference with Tenant's
Permitted Use; however, in all cases, the examinations shall be of such nature and scope as shall be reasonably required by then
existing technology to confirm Tenant's compliance with this Article 20. Tenant shall fully cooperate with Landlord and its representatives
in the conduct of such examinations. The cost of such examinations shall be paid by Landlord unless an examination shall disclose
a material failure of Tenant to comply with this Article 20, in which case, the reasonable cost of such examination shall be paid
for by Tenant within 10 days after receipt of Landlord&#8217;s written demand.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">21.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>DEFAULT.</B></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">a.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Tenant&#8217;s Default.</I> Tenant shall be in default under this Lease if Tenant:</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">i.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Fails to pay any Base Rent, Additional Rent, or any other sum of money that Tenant
is obligated to pay, as provided in this Lease, within five days after the due date;</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">ii.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Breaches any other agreement, covenant or obligation in this Lease and such breach
is not remedied within (15) days after Landlord gives Tenant notice in accordance with Article 24 below specifying the breach,
or if such breach cannot, with due diligence, be cured within (15) days, if Tenant does not commence curing within (15) days and
with reasonable diligence completely cure the breach within a reasonable period of time after the notice;</TD>
</TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">iii.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Files any petition or action for relief under any creditor's law (including bankruptcy,
reorganization, or similar action), either in state or federal court, or has such a petition or action filed against it which
is not stayed or vacated within 60 days after filing; or</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">iv.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Makes any transfer in fraud of creditors as defined in Section 548 of the United States
Bankruptcy Code (11 U.S.C. 548, as amended or replaced), has a receiver appointed for its assets (and the appointment is not stayed
or vacated within (30) days), or makes an assignment for benefit of creditors.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">b.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Landlord&#8217;s Remedies.</I> In the event of a Tenant default, Landlord, at its
option, may do one or more of the following:</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">i.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Terminate this Lease by giving Tenant notice of termination, in which event this Lease
shall expire and terminate on the date specified in such notice of termination, and Tenant shall remain liable for all obligations
under this Lease arising up to the date of such termination, and Tenant shall surrender the Premises to Landlord on the date specified
in such notice;</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">ii.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Terminate this Lease as provided in subparagraph (b)(i) hereof and recover from Tenant
all obligations arising up to the date of such termination and all damages Landlord may incur by reason of Tenant&#8217;s default,
including, without limitation, a sum which, at the date of such termination, represents the present value (discounted at a rate
equal to the greater of eight percent (8%) per annum or the then applicable rate of interest as specified in the financing outstanding
on the Project) of the excess, if any, of (aa) the Rent and all other sums which would have been payable hereunder by Tenant for
the period commencing with the day following the date of such termination and ending with the date hereinbefore set for the expiration
of the full term hereby granted, over (bb) the aggregate reasonable rental value of the Premises for the same period, all of which
present value of such excess sum shall be deemed immediately due and payable; provided, however, that such sum shall not be deemed
a penalty or forfeiture, actual damages being difficult or impossible to measure, and such sum represents the parties&#8217; reasonable
best estimate of the damages which would be incurred by Landlord in the event of a breach by Tenant;</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">iii.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Without terminating this Lease, declare immediately due and payable all Rent and other
amounts due and coming due under this Lease for the entire remaining Term hereof, together with all other amounts previously due,
at once, which total amount shall be discounted to the present value (at a rate equal to the greater of eight percent (8%) per
annum or the then applicable rate of interest specified in the financing outstanding on the Project); provided, however, that
such payment shall not be deemed a penalty or liquidated damages but shall merely constitute payment in advance for Rent for the
remainder of said Term. Upon making such payment, Tenant shall be entitled to receive from Landlord all rents received by Landlord
from other assignees, tenants, and subtenants on account of said Premises during the Term of this Lease provided that the monies
to which Tenant shall so become entitled shall in no event exceed the entire amount actually paid by Tenant to Landlord pursuant
to the preceding sentence less all costs, including refurbishing the Premises and new lease commissions, expenses and attorneys&#8217;
fees of Landlord incurred in connection with the reletting of the Premises;</TD>
</TR></TABLE>




<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">iv.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Without terminating this Lease, and with or without notice to Tenant, Landlord may
in Landlord&#8217;s own name, but as agent for Tenant, enter into and upon and take possession of the Premises or any part thereof,
and, at Landlord&#8217;s option, remove persons and property therefrom, and such property, if any, may be removed and stored in
a warehouse or elsewhere at the cost of, and for the account of, Tenant, all without being deemed guilty of trespass or becoming
liable for any loss or damage which may be occasioned thereby, and Landlord may rent the Premises or any portion thereof as the
agent of Tenant with or without advertisement, and by private negotiations and for any term upon such terms and conditions as
Landlord may deem necessary or desirable or in order to relet the Premises. Landlord shall in no way be responsible or liable
for any part thereof, or for any failure to collect any rent due upon such reletting. Upon each such reletting, all rentals received
by Landlord from such reletting shall be applied: first, to the payment of any indebtedness (other than any Rent due hereunder)
from Tenant to Landlord; second, to the payment of any costs and expenses of such reletting, including without limitation, brokerage
fees and attorneys&#8217; fees and costs of alterations and repairs; third, to the payment of Rent and other charges then due
and unpaid hereunder; and the residue, if any, shall be held by Landlord to the extent and for application in payment of future
Rent as the same may become due and payable hereunder. If the rentals received from such reletting shall at any time or from time
to time be less than sufficient to pay to Landlord the entire sums then due from Tenant hereunder, Tenant shall pay any such deficiency
to Landlord. Such deficiency shall, at Landlord&#8217;s option, be calculated and paid monthly;</TD>
</TR></TABLE>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">v.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Without liability to Tenant or any other party and without constituting a constructive
or actual eviction, suspend or discontinue furnishing or rendering to Tenant any property, material, labor, utilities or other
service, which Landlord is obligated to furnish or render, so long as Tenant is in default under this Lease;</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">vi.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Bring action for recovery of all amounts due from Tenant;</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">vii.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Seize and hold any personal property of Tenant located in the Premises and assert
against the same a lien for monies due Landlord; or</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">viii.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Pursue any other remedy available in law or equity.</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">c.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Landlord&#8217;s Expenses; Attorneys&#8217; Fees.</I> All reasonable expenses of
Landlord in repairing, restoring, or altering the Premises for reletting as general office space, together with leasing fees and
all other expenses in seeking and obtaining a new tenant, shall be charged to and be a liability of Tenant. Landlord&#8217;s reasonable
attorneys&#8217; fees in pursuing any of the foregoing remedies, or in collecting any Rent or Additional Rent due by Tenant hereunder,
shall be paid by Tenant.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">d.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Remedies Cumulative.</I> All rights and remedies of Landlord are cumulative, and
the exercise of any one shall not exclude Landlord at any other time from exercising a different or inconsistent remedy. No exercise
by Landlord of any right or remedy granted herein shall constitute or effect a termination of this Lease unless Landlord shall
so elect by notice delivered to Tenant. The failure of Landlord to exercise its rights in connection with this Lease or any breach
or violation of any term, or any subsequent breach of the same or any other term, covenant or condition herein contained shall
not be a waiver of such term, covenant or condition or any subsequent breach of the same or any other covenant or condition herein
contained.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">e.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>No Accord and Satisfaction.</I> No acceptance by Landlord of a lesser sum than
the Rent, Additional Rent and other sums then due shall be deemed to be other than on account of the earliest installment of such
payments due, nor shall any endorsement or statement on any check or any letter accompanying any check or payment be deemed as
accord and satisfaction, and Landlord may accept such check or payment without prejudice to Landlord&#8217;s right to recover
the balance of such installment or pursue any other remedy provided in this Lease.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">f.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>No Reinstatement.</I> No payment of money by Tenant to Landlord after the expiration
or termination of this Lease shall reinstate or extend the Term, or make ineffective any notice of termination given to Tenant
prior to the payment of such money. After the service of notice or the commencement of a suit, or after final judgment granting
Landlord possession of the Premises, Landlord may receive and collect any sums due under this Lease, and the payment thereof shall
not make ineffective any notice or in any manner affect any pending suit or any judgment previously obtained.</TD>
</TR></TABLE>




<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">g.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Landlord&#8217;s Default.</I> Landlord shall be in default under this Lease if
Landlord breaches any agreement, covenant or obligation in this Lease and does not remedy the breach within 15 days after Tenant
gives Landlord written notice in accordance with Article 24 below specifying the breach, or if the breach cannot, with due diligence,
be cured within 15 days, Landlord does not commence curing within 15 days and with reasonable diligence completely cure the breach
within a reasonable period of time after the notice. In the event Landlord fails to cure its breach within the time periods set
forth herein, Tenant shall be entitled to pursue any and all remedies available to it at law or in equity; provided, however,
that except as expressly provided elsewhere in this Lease, Tenant shall have no right of self-help to perform repairs or any other
obligation of Landlord, and shall have no right to withhold, set off or abate Rent.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">h.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Summary Ejectment.</I> Tenant agrees that in addition to all other rights and remedies
Landlord may obtain an order for summary ejectment from any court of competent jurisdiction without prejudice to Landlord&#8217;s
rights to otherwise collect rents or breach of contract damages from Tenant.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">22.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>MULTIPLE DEFAULTS.</B></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">a.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Loss of Option Rights.</I> Tenant acknowledges that any rights or options of first
refusal, or to extend the Term, to expand the size of the Premises, to purchase the Premises or the Building, or other similar
rights or options which have been granted to Tenant under this Lease are conditioned upon the prompt and diligent performance
of the terms of this Lease by Tenant. Accordingly, should Tenant default under this Lease on two or more occasions during any
12-month period, in addition to all other remedies available to Landlord, all such rights and options shall automatically, and
without further action on the part of any party, expire and be of no further force and effect.</TD>
</TR></TABLE>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">b.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Increased Security Deposit.</I> Should Tenant default in the payment of Base Rent,
Additional Rent, or any other sums payable by Tenant under this Lease on two or more occasions during any 12-month period, regardless
of whether Landlord permits such default to be cured, then, in addition to all other remedies otherwise available to Landlord,
Tenant, within (10) days after demand by Landlord, shall post a Security Deposit in, or increase the existing Security Deposit
by, a sum equal to three months&#8217; installments of Base Rent at the rate in effect at the time of Landlord&#8217;s demand.
The Security Deposit shall be governed by the terms of this Lease.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">23.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>BANKRUPTCY</B>.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">a.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Trustee&#8217;s Rights.</I> Landlord and Tenant understand that, notwithstanding
contrary terms in this Lease, a trustee or debtor in possession under the United States Bankruptcy Code, as amended, (the &quot;Code&quot;)
may have certain rights to assume or assign this Lease. This Lease shall not be construed to give the trustee or debtor in possession
any rights greater than the minimum rights granted under the Code.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">b.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Adequate Assurance.</I> Landlord and Tenant acknowledge that, pursuant to the Code,
Landlord is entitled to adequate assurances of future performance of the provisions of this Lease. The parties agree that the
term &#8220;adequate assurance&#8221; shall include at least the following:</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">i.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">In order to assure Landlord that any proposed assignee will have the resources with
which to pay all Rent payable pursuant to the provisions of this Lease, any proposed assignee must have, as demonstrated to Landlord&#8217;s
satisfaction, a net worth (as defined in accordance with generally accepted accounting principles consistently applied) of not
less than the net worth of Tenant on the Effective Date (as hereinafter defined), increased by seven percent (7%), compounded
annually, for each year from the Effective Date through the date of the proposed assignment. It is understood and agreed that
the financial condition and resources of Tenant were a material inducement to Landlord in entering into this Lease.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">ii.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Any proposed assignee must have been engaged in the conduct of business for the five(
years prior to any such proposed assignment, which business does not violate the Use provisions under Article 4 above, and such
proposed assignee shall continue to engage in the Permitted Use under Article 4. It is understood that Landlord&#8217;s asset
will be substantially impaired if the trustee in bankruptcy or any assignee of this Lease makes any use of the Premises other
than the Permitted Use.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">c.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Assumption of Lease Obligations.</I> Any proposed assignee of this Lease must assume
and agree to be bound by the provisions of this Lease.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">24.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>NOTICES</B>.</TD>
</TR></TABLE>




<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">a.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Addresses.</I> All notices, demands and requests by Landlord or Tenant shall be
sent to the Notice Addresses set forth in Section 1l, or to such other address as a party may specify by duly given notice. The
parties shall notify the other of any change in address, which notification must be at least 15 days in advance of it being effective;
provided, however, the Tenant may not change its address to which notices shall thereafter be sent to eliminate the Premises as
an acceptable address where notices to such party may be delivered.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">b.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Form; Delivery; Receipt.</I> <B>ALL NOTICES, DEMANDS AND REQUESTS WHICH MAY BE
GIVEN OR WHICH ARE REQUIRED TO BE GIVEN BY EITHER PARTY TO THE OTHER MUST BE IN WRITING UNLESS OTHERWISE SPECIFIED.</B> Notices,
demands or requests shall be deemed to have been properly given for all purposes only if (i) delivered against a written receipt
of delivery, (ii) mailed by express, registered or certified mail of the United States Postal Service, return receipt requested,
postage prepaid, or (iii) delivered to a nationally recognized overnight courier service for next business day delivery to the
receiving party's address as set forth above or (iv) delivered via telecopier or facsimile transmission to the facsimile number
listed above, with an original counterpart of such communication sent concurrently as specified in subsection (ii) or (iii) above
and with written confirmation of receipt of transmission provided. Each such notice, demand or request shall be deemed to have
been received upon the earlier of the actual receipt or refusal by the addressee or three business days after deposit thereof
at any main or branch United States post office if sent in accordance with subsection (ii) above, and the next business day after
deposit thereof with the courier if sent pursuant to subsection (iii) above. Notices may be given on behalf of any party by such
party's legal counsel.</TD>
</TR></TABLE>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">25.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>HOLDING OVER</B>. If Tenant holds over after the Expiration Date or other termination
of this Lease, such holding over shall not be a renewal of this Lease but shall create a tenancy&#45;at&#45;sufferance. Tenant
shall continue to be bound by all of the terms and conditions of this Lease, except that during such tenancy&#45;at&#45;sufferance,
Tenant shall pay to Landlord (i) Base Rent at the rate equal to one hundred fifty percent (150%) of that provided for as of the
expiration or termination date, and (ii) any and all forms of Additional Rent payable under this Lease. The increased Rent during
such holding over is intended to compensate Landlord partially for losses, damages and expenses, including frustrating and delaying
Landlord's ability to secure a replacement tenant.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">26.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>RIGHT TO RELOCATE</B>.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">a.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Substitute Premises.</I> Prior to the Commencement Date or at any time during the
Term or any extension of this Lease, Landlord, at its option, may substitute for the Premises other space (hereafter called &quot;Substitute
Premises&quot;) owned by Landlord or one of its affiliates in the same geographical vicinity. Insofar as reasonably possible,
the Substitute Premises shall be of comparable quality and shall have a comparable square foot area and a configuration substantially
similar to the Premises. Landlord shall give Tenant at least (60) days notice of its intention to relocate Tenant to the Substitute
Premises. This notice will be accompanied by a floor plan of the Substitute Premises. After such notice, Tenant shall have (10)
days within which to agree with Landlord on the proposed Substitute Premises and unless such agreement is reached within such
period of time, Landlord may terminate this Lease at the end of the 60-day period of time following the notice; provided, however,
should Landlord fail to terminate the Lease within 10 days following the expiration of the 60-day period, then: (i) Landlord shall
be deemed to have forfeited its right to terminate the Lease pursuant to this paragraph; (ii) Tenant shall have no obligation
to relocate to the Substitute Premises; and (c) the Lease will continue in full force and effect with respect to the Premises.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">b.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Upfit of Substitute Premises.</I> Landlord agrees to construct or alter, at its
expense, the Substitute Premises as expeditiously as possible so that the Substitute Premises are in substantially the same condition
that the Premises were in immediately prior to the relocation. Landlord shall have the right to reuse the fixtures, improvements
and alterations used in the Premises. Tenant agrees to occupy the Substitute Premises as soon as Landlord's work is substantially
completed.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">c.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Relocation Costs.</I> If relocation occurs after the Commencement Date, then Landlord
shall pay Tenant's reasonable third-party costs of moving Tenant's furnishings, telephone and computer wiring, and other property
to the Substitute Premises, and reasonable printing costs associated with the change of address.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">d.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Lease Terms.</I> Except as provided herein, Tenant agrees that all of the obligations
of this Lease, including the payment of Rent (to be determined on a per rentable square foot basis and applied to the Substitute
Premises), will continue despite Tenant's relocation to the Substitute Premises. Upon substantial completion of the Substitute
Premises, this Lease will apply to the Substitute Premises as if the Substitute Premises had been the space originally described
in this Lease. In no event shall base monthly rental increase, even if such Substitute Premises is larger than original premises.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">27.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>BROKER'S COMMISSIONS</B>. Each party represents and warrants to the other that
it has not dealt with any real estate broker, finder or other person with respect to this Lease in any manner, except the Broker
identified in Section 1m. <I> </I>Each party shall indemnify and hold the other party harmless from any and all damages resulting
from claims that may be asserted against the other party by any other broker, finder or other person (including, without limitation,
any substitute or replacement broker claiming to have been engaged by indemnifying party in the future), claiming to have dealt
with the indemnifying party in connection with this Lease or any amendment or extension hereto, or which may result in Tenant
leasing other or enlarged space from Landlord. The provisions of this paragraph shall survive the termination of this Lease.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">28.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>ANTI-TERRORISM LAWS. </B>During the term, neither Tenant nor its respective constituents
or affiliates shall (i) be an &#8220;enemy&#8221; or an &#8220;ally of the enemy&#8221; within the meaning of Section 2 of the
Trading with the Enemy Act of the United States of America (50 U.S.C. App. &sect;&sect; 1 et seq.), as amended, (ii) violate the
Trading with the Enemy Act, as amended, (iii) violate any of the foreign assets control regulations of the United States Treasury
Department (31 CFR, Subtitle B, Chapter V, as amended) or any enabling legislation or executive order relating thereto or (iv)
violate the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the &#8220;Patriot Act&#8221;).
Tenant shall, promptly following a request from Landlord, provide all documentation and other information that the Lender requests
in order to comply with its ongoing obligations under applicable &quot;know your customer&quot; and anti-money laundering rules
and regulations, including the Patriot Act.</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">29.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>GENERAL PROVISIONS/DEFINITIONS</B>.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">a.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>No Agency.</I> Tenant is not and shall never represent itself to be an agent of
Landlord, and Tenant acknowledges that Landlord's title to the Building is paramount, and that Tenant can do nothing to affect
or impair Landlord's title.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">b.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Force Majeure.</I> The term &#8220;<I>force majeure</I>&#8221; means: fire, flood,
extreme weather, labor disputes, strike, lock-out, riot, government interference (including regulation, appropriation or rationing),
unusual delay in governmental permitting, unusual delay in deliveries or unavailability of materials, unavoidable casualties,
Act of God, or other causes beyond the party&#8217;s reasonable control.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">c.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Building Standard Improvements.</I> The term &#8220;Building Standard Improvements&#8221;
shall mean the standards for normal construction of general office space within the Building as specified by Landlord, including
design and construction standards, electrical load factors, materials, fixtures and finishes.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">d.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Limitation on Damages.</I> Notwithstanding any other provisions in this Lease,
neither Landlord nor Tenant shall be liable to the other for any special, consequential, incidental or punitive damages.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">e.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Satisfaction of Judgments Against Landlord.</I> If Landlord, or its employees,
officers, directors, stockholders or partners are ordered to pay Tenant a money judgment because of Landlord's default under this
Lease, said money judgment may only be enforced against and satisfied out of: (i) Landlord's interest in the Building in which
the Premises are located including the rental income and proceeds from sale; and (ii) any insurance or condemnation proceeds received
because of damage or condemnation to, or of, said Building that are available for use by Landlord. No other assets of Landlord
or said other parties exculpated by the preceding sentence shall be liable for, or subject to, any such money judgment.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">f.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Interest.</I> Should Tenant fail to pay any amount due to Landlord within 30 days
of the date such amount is due (whether Base Rent, Additional Rent, or any other payment obligation), then the amount due shall
thereafter accrue interest at the rate of twelve percent (12%) per annum, compounded monthly, or the highest permissible rate
under applicable usury law, whichever is less, until the amount is paid in full.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">g.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Legal Costs.</I> Should either party prevail in any legal proceedings against the
other for breach of any provision in this Lease, then the other party shall be liable for the costs and expenses of the prevailing
party, including its reasonable attorneys' fees (at all tribunal levels).</TD>
</TR></TABLE>




<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">h.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Sale of Premises or Building.</I> Landlord may sell the Premises or the Building
without affecting the obligations of Tenant hereunder. Upon the sale of the Premises or the Building, Landlord shall be relieved
of all responsibility for the Premises and shall be released from any liability thereafter accruing under this Lease.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">i.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Time of the Essence.</I> Time is of the essence in the performance of all obligations
under the terms of this Lease.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">j.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Transfer of Security Deposit.</I> If any Security Deposit or prepaid Rent has been
paid by Tenant, Landlord may transfer the Security Deposit or prepaid Rent to Landlord's successor and upon such transfer, Landlord
shall be released from any liability for return of the Security Deposit or prepaid Rent.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">k.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Tender of Premises.</I> The delivery of a key or other such tender of possession
of the Premises to Landlord or to an employee of Landlord shall not operate as a termination of this Lease or a surrender of the
Premises unless requested in writing by Landlord.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">l.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Tenant&#8217;s Financial Statements.</I> Upon request of Landlord, Tenant agrees
to furnish to Landlord copies of Tenant&#8217;s most recent annual, quarterly and monthly financial statements, audited if available.
The financial statements shall be prepared in accordance with generally accepted accounting principles, consistently applied.
The financial statements shall include a balance sheet and a statement of profit and loss, and the annual financial statement
shall also include a statement of changes in financial position and appropriate explanatory notes. Landlord may deliver the financial
statements to any prospective or existing mortgagee or purchaser of the Building.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">m.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Recordation.</I> This Lease may not be recorded without Landlord's prior written
consent, but Tenant and Landlord agree, upon the request of the other party, to execute a memorandum hereof for recording purposes.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">n.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Partial Invalidity.</I> The invalidity of any portion of this Lease shall not invalidate
the remaining portions of the Lease.</TD>
</TR></TABLE>

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<TD STYLE="width: 35pt; text-align: right">o.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Binding Effect.</I> This Lease shall be binding upon the respective parties hereto,
and upon their heirs, executors, successors and assigns.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">p.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Entire Agreement; Construction.</I> This Lease constitutes the entire agreement
between the parties relating to the subject matter hereof and supersedes any and all previous agreements and understandings, oral
or written relating to the subject matter hereof. The fact that one of the parties to this Lease may be deemed to have drafted
or structured any provision of this Lease shall not be considered in construing or interpreting any particular provision of this
Lease, either in favor of or against such party, and Landlord and Tenant hereby waive any applicable rules of construction or
interpretation to the contrary.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">q.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Good Standing.</I> If requested by Landlord, Tenant shall furnish appropriate legal
documentation evidencing the valid existence in good standing of Tenant, and the authority of any person signing this Lease to
act for the Tenant.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">r.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Choice of Law.</I> This Lease shall be interpreted and enforced in accordance with
the laws of the State in which the Premises are located.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">s.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Effective Date.</I> This Lease shall become effective as a contract only upon the
execution and delivery by both Landlord and Tenant. The date of execution shall be entered on the top of the first page of this
Lease by Landlord, and shall be the date on which the last party signed the Lease, or as otherwise may be specifically agreed
by both parties. Such date, once inserted, shall be established as the final day of ratification by all parties to this Lease,
and shall be the date for use throughout this Lease as the &quot;Effective Date&quot;.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">30.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>SPECIAL CONDITIONS</B>. The following special conditions, if any, shall apply,
and where in conflict with earlier provisions in this Lease shall control: None.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">31.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>ADDENDA AND EXHIBITS. </B>If any addenda and/or exhibits are noted below, such
addenda and exhibits are incorporated herein and made a part of this Lease.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">a.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Lease Addendum Number One &#8211; &#8220;Work Letter&#8221;</B></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">b.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Lease Addendum Number Two &#8211; &#8220;Additional Rent &#8211; Operating Expenses
and Taxes&#8221;</B></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">c.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Exhibit A &#8211; Premises</B></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">d.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Exhibit B &#8211; Rules and Regulations</B></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">e.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Exhibit C &#8211; Commencement Agreement</B></TD>
</TR></TABLE>




<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">f.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Exhibit D &#8211; Acceptance of Premises</B></TD>
</TR></TABLE>


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<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt"><B><I>SATISFACTION OF JUDGMENTS AGAINST LANDLORD</I>.
IF LANDLORD, OR ITS EMPLOYEES, OFFICERS, DIRECTORS, MANAGERS, MEMBERS, STOCKHOLDERS OR PARTNERS ARE ORDERED TO PAY TENANT A MONEY
JUDGMENT BECAUSE OF LANDLORD&#8217;S DEFAULT UNDER THIS LEASE, SAID MONEY JUDGMENT MAY ONLY BE ENFORCED AGAINST AND SATISFIED
OUT OF: (I) LANDLORD&#8217;S INTEREST IN THE BUILDING IN WHICH THE PREMISES ARE LOCATED INCLUDING THE RENTAL INCOME AND PROCEEDS
FROM SALE; AND (II) ANY INSRUANCE OR CONDEMNATION PROCEEDS RECEIVED BECAUSE OF DAMAGE OR CONDEMNATION TO, OR OF, SAID BUILDING
THAT ARE AVAILABLE FOR USE BY LANDLORD.</B></P>

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

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 20pt">IN WITNESS WHEREOF, Landlord
and Tenant have executed this Lease in four originals, all as of the day and year first above written.</P>

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

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">TENANT:</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt"><B>SAFETY QUICK LIGHTING &amp; FANS CORP.</B>,</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">a Florida corporation</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">By: <U>&#9;</U>&#9;<I><U>/s/ Patricia Barron</U></I></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">Name:&#9;<U>Patricia Barron</U></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">Title: &#9;<U>COO</U></P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">Attest: __________________________________________&#9;&#9;</P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">Name:__________________________________________&#9;</P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">Title: ___________________________________________&#9;</P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">Date: ___________________________________________&#9;</P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">Affix Corporate Seal:</P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">[If Tenant is a corporation, the
authorized officers must sign no behalf of the corporation and indicate the capacity in which they are signing. This Lease must
be executed by the President or Vice President and attested by the Secretary or Assistant Secretary, unless the bylaws or a resolution
of the board of directors shall provide otherwise, in which case, the bylaws or a certified copy of the resolution must be attached
to this Lease. The appropriate corporate seal must also be affixed.]</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">LANDLORD:</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt"><B>HIGHWOODS DLF 98/29, LLC</B></P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">a Delaware limited liability company</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">By: Highwoods DLF, LLC,
its manager</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">a Delaware limited
liability company</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">By: Highwoods
Realty Limited Partnership, its sole member</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">a North Carolina
limited partnership</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">By: Highwoods
Properties, Inc., its sole general partner</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">a Maryland corporation</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">By: &#9;<I><U>/s/ Jim Bacchetta&#9;</U></I><U>&#9;</U></P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 20pt">Jim Bacchetta, Vice President and Division Manager</P>


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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>LEASE ADDENDUM NUMBER ONE</B></P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt"><B>&nbsp;</B></P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 20pt"><B>WORK
LETTER.</B> Prior to the Commencement Date, Landlord, at its expense, shall complete the following items of work in the Premises
(collectively, &#8220;Landlord&#8217;s Work&#8221;): (i) repaint the interior of the Premises using Building standard paint; (ii)
replace the existing carpet in the Premises with new Building standard carpet. (iii) remove built in workstations, (iv) install
sink with six foot laminate countertop to also include upper and lower cabinets. Landlord&#8217;s Work shall be completed in a
good and workmanlike manner. Any improvements or alterations to the Premises beyond the scope of Landlord&#8217;s Work shall be
subject to Landlord&#8217;s prior written approval and, if approved, shall be completed at Tenant&#8217;s expense.</P>


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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">LEASE ADDENDUM NUMBER TWO</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">ADDITIONAL RENT &#8211; OPERATING
EXPENSES AND TAXES</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">1.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Operating Expenses. </I>The term &#8220;Operating Expenses&#8221; shall mean all
costs incurred by Landlord in the provision of services to tenants and in the operation, management, repair, replacement and maintenance
of the Property (as defined below), including, but not limited to, insurance premiums, utilities, heat, air conditioning, janitorial
service, labor, materials, supplies, equipment and tools, permits, licenses, inspection fees, salaries and other reasonable compensation
of maintenance and management personnel (up to and including the level of Property Manager), management fees, and Common Area
expenses.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">2.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Exclusions to Operating Expenses.</I> Notwithstanding the foregoing, Operating
Expenses shall not include the following: depreciation on the Building or equipment therein; ground lease rent; advertising, marketing
and promotional costs; interest; executive salaries; real estate brokers&#8217; commissions; Taxes (as defined below); overhead
and profit paid to subsidiaries or affiliates of Landlord for services, supplies or materials provided on or to the Property,
to the extent these costs exceed the amount customarily charged by an independent entity for the same or substantially similar
services, supplies and materials; the cost of any services for which Landlord is reimbursed directly by any tenant; and any expenses
that do not relate to the operation of the Property. Additionally, Operating Expenses shall not include the costs of capital improvements
to the Property; provided, however, Landlord may include in Operating Expenses the costs of the following capital improvements,
amortized on a straight-line basis over their useful lives:</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">a.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Any capital improvements made in order to comply with any new laws, rules or regulations
or any changes in existing laws, rules or regulations adopted by any governmental authority after the Commencement Date; and</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">b.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Any capital improvements that are designed primarily to promote and protect the health,
safety and well being of the Property&#8217;s occupants; and</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">c.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Any capital improvements that are designed primarily to reduce Operating Expenses,
provided that the amortized amount of these capital items in any year will be equal to the estimated resulting reduction in Operating
Expenses for the same year.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">3.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Taxes. </I>The term &#8220;Taxes&#8221; shall mean any fees, charges or assessments
related to the Property that are imposed by any governmental or quasi-governmental authority having jurisdiction over the Property,
including, without limitation, ad valorem real property taxes; franchise taxes; personal property taxes; assessments, special
or otherwise, imposed on the Property; payments in lieu of real estate taxes; sewer rents; transit taxes; and taxes based on rents.
Taxes shall also include the reasonable costs incurred by Landlord in connection with any appeal for a reduction of taxes, including,
without limitation, the costs of legal consultants, appraisers and accountants. Taxes shall not include any inheritance, estate,
succession, transfer, gift, corporate, income or profit tax imposed upon Landlord.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">4.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Property.</I> The term &#8220;Property&#8221;<I> </I>shall mean the Building and
the improvements, equipment and systems situated therein; the Common Areas; and the real property upon which the Building and
Common Areas are situated.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">5.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Tenant&#8217;s Proportionate Share.</I> The term &#8220;Tenant&#8217;s Proportionate
Share&#8221; shall mean<B> 0.8896% </B>calculated by dividing the approximately 1,290 rentable square feet of the Premises by
the approximately 145,008 net rentable square feet of the Building. To the extent any Operating Expenses and/or Taxes are related
to the Building and one or more other buildings owned by Landlord or its affiliate, those Operating Expenses and/or Taxes shall
be reasonably allocated by Landlord on an equitable prorata basis among all of the buildings to which those expenses are related;
and Tenant&#8217;s Proportionate Share of those expenses shall be calculated based only on the amount of those expenses allocated
to the Building.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">6.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Base Year for Operating Expenses. </I>With respect to calculating Tenant&#8217;s
Proportionate Share of Operating Expenses, the term &#8220;Base Year&#8221; shall mean the twelve-month period beginning on January
1, 2015 and ending on December 31, 2015.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">7.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Base Year for Taxes. </I>With respect to calculating Tenant&#8217;s Proportionate
Share of Taxes, the term &#8220;Base Year&#8221; shall mean the real property tax year, beginning January 1, 2015 and ending on
December 31, 2015.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">8.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Payment of Additional Rent. </I>For the calendar year commencing on <B>January
1, 2016 </B>and for each calendar year thereafter, Tenant shall pay to Landlord, as Additional Rent, the following amounts:</TD>
</TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">a.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Tenant's Proportionate Share of any increase in Operating Expenses above the amount
incurred during the Base Year for Operating Expenses. If any service, for which the expense may be included in Operating Expenses,
is not provided to all tenants of the Building, Landlord shall adjust the related expense as if the service was provided to all
tenants. Additionally, for any period in which the occupancy of the rentable area of the Building is less than 95%, those portions
of Operating Expenses that vary based on occupancy will be adjusted for the period as if the Building was at 95% occupancy; and</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">b.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Tenant's Proportionate Share of any increase in Taxes above the amount incurred during
the Base Year for Taxes.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">9.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Landlord&#8217;s Estimate. </I>For the calendar year commencing on <B>January 1,
2016 </B>and for each calendar year thereafter during the Term, Landlord shall deliver to Tenant a written statement of the reasonable
estimated increase in both Operating Expenses and Taxes for that calendar year above the Operating Expenses and Taxes incurred
during the applicable Base Year. Based on Landlord&#8217;s estimate, Tenant shall pay to Landlord Tenant's Proportionate Share
of the estimated increases in both Operating Expenses and Taxes in twelve equal monthly installments, which shall be due and payable
at the same time and in the same manner as Base Rent.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">10.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Annual Reconciliation. </I>Within 180 days after the end of each calendar year
or as soon as possible thereafter, Landlord shall send Tenant an annual statement of the actual Operating Expenses and Taxes for
the preceding calendar year (the &#8220;Annual Statement&#8221;). Landlord&#8217;s failure to render an Annual Statement for any
calendar year shall not prejudice Landlord&#8217;s right to issue an Annual Statement with respect to that calendar year or any
subsequent calendar year, nor shall Landlord&#8217;s rendering of an incorrect Annual Statement prejudice Landlord&#8217;s right
subsequently to issue a corrected Annual Statement. Pursuant to the Annual Statement, Tenant shall pay to Landlord Additional
Rent as owed within thirty days after Tenant&#8217;s receipt of the Annual Statement, or Landlord shall adjust Tenant's Rent payments
if Landlord owes Tenant a credit. After the Expiration Date or earlier termination date of the Lease, Landlord shall send Tenant
the final Annual Statement for the Term, and Tenant shall pay to Landlord Additional Rent as owed within thirty days after Tenant&#8217;s
receipt of the Annual Statement, or, if Landlord owes Tenant a credit, then Landlord shall pay Tenant a refund. If this Lease
expires or terminates on a day other than December 31, then Additional Rent shall be prorated on a 365&#45;day calendar year (or
366 if a leap year). If there is a decrease in Operating Expenses in any subsequent year below Operating Expenses for the Base
Year, then no Additional Rent shall be due on account of Operating Expenses; provided, however, Tenant shall not be entitled to
any credit, refund or other payment that would reduce the amount of Tenant&#8217;s Proportionate Share of Taxes or other Additional
Rent or Base Rent owed by Tenant. Likewise, if there is a decrease in Taxes in any subsequent year below Taxes for the Base Year,
then no Additional Rent shall be due on account of Taxes; provided, however, Tenant shall not be entitled to any credit, refund
or other payment that would reduce the amount of Tenant&#8217;s Proportionate Share of Operating Expenses or other Additional
Rent or Base Rent owed by Tenant.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">11.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Tenant&#8217;s Review of Operating Expenses and Taxes.</I> No more than once per
calendar year, Tenant, or a qualified professional selected by Tenant (the &#8220;Reviewer&#8221;), may review Landlord&#8217;s
books and records relating to Operating Expenses and Taxes (the &#8220;Review&#8221;), subject to the following terms and conditions:</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">a.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Tenant must deliver notice of the Review to Landlord within thirty days of Tenant's
receipt of the Annual Statement. Thereafter, Tenant must commence and complete its Review within a reasonable time, not to exceed
180 days following Tenant&#8217;s receipt of the Annual Statement. In order to conduct a Review, Tenant must not be in default
under the Lease beyond any applicable cure period at the time it delivers notice of the Review to Landlord or at the time the
Review commences. No subtenant shall have any right to conduct a Review, and no assigns shall conduct a Review for any period
during which such assignee was not in possession of the Premises. If Tenant elects to have a Reviewer conduct the Review, the
Reviewer must be an independent nationally or regionally recognized accounting firm that is not being compensated by Tenant on
a contingency fee basis.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">b.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Tenant&#8217;s Review shall only extend to Landlord&#8217;s books and records specifically
related to Operating Expenses and Taxes for the Property during the calendar year for which the Annual Statement was provided.
Books and records necessary to accomplish any Review shall be retained for twelve months after the end of each calendar year,
and, upon Landlord&#8217;s receipt of Tenant&#8217;s notice, shall be made available to Tenant to conduct the Review. The Review
shall be conducted during regular business hours at either the Landlord&#8217;s division office for the area in which the Premises
are located or Landlord&#8217;s home office in Raleigh, North Carolina, as selected by Landlord.</TD>
</TR></TABLE>

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<TD STYLE="width: 35pt; text-align: right">c.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">As a condition to the Review, Tenant and Tenant&#8217;s Reviewer shall execute a written
agreement providing that the Reviewer is not being compensated on a contingency fee basis and that all information obtained through
the Review, as well as any compromise, settlement or adjustment reached as a result of the Review, shall be held in strict confidence
and shall not be revealed in any manner to any person except: (i) upon the prior written consent of the Landlord, which consent
may be withheld in Landlord&#8217;s sole discretion; (ii) if required pursuant to any litigation between Landlord and Tenant materially
related to the facts disclosed by the Review; or (iii) if required by law. The written agreement may also set forth Landlord&#8217;s
reasonable procedures and guidelines for Tenant and Tenant&#8217;s Reviewer to follow when conducting the Review.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">d.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">If, after Tenant&#8217;s Review, Tenant disputes the amount of Operating Expenses
or Taxes set forth in the Annual Statement, Tenant or Tenant&#8217;s Reviewer shall submit a written report to Landlord within
thirty days after the completion of the Review setting forth any claims to be asserted against Landlord as a result of the Review
and specific and detailed explanations as to the reason for the claim(s) (the &#8220;Report&#8221;). Landlord and Tenant then
shall use good faith efforts to resolve Tenant&#8217;s claims set forth in the Report. If the parties do not reach agreement on
the claims within thirty (30) days after Landlord&#8217;s receipt of the Report, then the dispute shall be submitted to arbitration
as hereinafter provided. Within twenty days after expiration of the thirty-day period referenced in the foregoing sentence, each
party shall appoint as an arbitrator a reputable independent nationally or regionally recognized accounting firm with at least
ten years experience in accounting related to commercial lease transactions and shall give notice of such appointment to the other
party; provided, however, if Tenant used a Reviewer to perform the Review, the Reviewer shall be deemed to have been appointed
by Tenant as its arbitrator for purposes of this provision. Within ten days after appointment of the second arbitrator, the two
arbitrators shall appoint a third arbitrator who shall be similarly qualified. If the two arbitrators are unable to agree timely
on the selection of the third arbitrator, then either arbitrator on behalf of both, may request such appointment from the office
of the American Arbitration Association (&quot;AAA&quot;) nearest to Landlord. The arbitration shall be conducted in accordance
with the rules of the AAA. If the AAA shall cease to provide arbitration for commercial disputes in location, the third arbitrator
shall be appointed by any successor organization providing substantially the same services. Within ten days after the third arbitrator
has been selected, each of the other two arbitrators, on behalf of the party it represents, shall submit a written statement,
along with any supporting document, data, reports or other information, setting forth its determination of the amount of Operating
Expenses or Taxes that are in dispute. <B>The third arbitrator will resolve the dispute by selecting the statement of one of the
parties as submitted to the third arbitrator.</B> Within ten days after the third arbitrator&#8217;s receipt of the statements
from the other arbitrators, the third arbitrator shall notify both parties in writing of the arbitrator&#8217;s decision. The
decision of the third arbitrator shall be final and binding upon the parties and their respective heirs, executors, successors
and assigns. If either of the parties fails to furnish its statement to the third arbitrator within the time frame specified herein,
the third arbitrator shall automatically adopt the other party&#8217;s statement as final and binding. The cost of arbitration
(exclusive of each party&#8217;s witness and attorneys&#8217; fees, which shall be paid by the party) shall be shared equally
by the parties.</TD>
</TR></TABLE>

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<TD STYLE="width: 35pt; text-align: right">e.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">If the Review or subsequent arbitration determines that Operating Expenses and Taxes
in the applicable calendar year were overstated, in the aggregate, by ten percent (10%) or more, then Landlord shall reimburse
Tenant for Tenant&#8217;s reasonable Review costs; otherwise, Tenant shall pay its own costs in connection with the Review.</TD>
</TR></TABLE>


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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>EXHIBIT A</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>PREMISES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><IMG SRC="image_001.gif" ALT="" STYLE="height: 458px; width: 624px"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>


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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>EXHIBIT B</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>RULES AND REGULATIONS</B></P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">1.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Access to Building</B>. On Saturdays, Sundays, legal holidays and weekdays between
the hours of 6:00 P.M. and 8:00 A.M., access to the Building and/or to the halls, corridors, elevators or stairways in the Building
may be restricted and access shall be gained by use of a key or electronic card to the outside doors of the Buildings. Landlord
may from time to time establish security controls for the purpose of regulating access to the Building. Tenant shall be responsible
for providing access to the Premises for its agents, employees, invitees and guests at times access is restricted, and shall comply
with all such security regulations so established.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">2.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Protecting Premises</B>. The last member of Tenant to leave the Premises shall
close and securely lock all doors or other means of entry to the Premises and shut off all lights and equipment in the Premises.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">3.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Building Directories</B>. The directories for the Building in the form selected
by Landlord shall be used exclusively for the display of the name and location of tenants. Any additional names and/or name change
requested by Tenant to be displayed in the directories must be approved by Landlord and, if approved, will be provided at the
sole expense of Tenant.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">4.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Large Articles</B>. Furniture, freight and other large or heavy articles may be
brought into the Building only at times and in the manner designated by Landlord and always at Tenant's sole responsibility. All
damage done to the Building, its furnishings, fixtures or equipment by moving or maintaining such furniture, freight or articles
shall be repaired at Tenant&#8217;s expense.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">5.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Signs</B>. Tenant shall not paint, display, inscribe, maintain or affix any sign,
placard, picture, advertisement, name, notice, lettering or direction on any part of the outside or inside of the Building, or
on any part of the inside of the Premises which can be seen from the outside of the Premises, including windows and doors, without
the written consent of Landlord, and then only such name or names or matter and in such color, size, style, character and material
as shall be first approved by Landlord in writing. Landlord, without notice to Tenant, reserves the right to remove, at Tenant's
expense, all matters other than that provided for above.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">6.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Compliance with Laws</B>. Tenant shall comply with all applicable laws, ordinances,
governmental orders or regulations and applicable orders or directions from any public office or body having jurisdiction, whether
now existing or hereinafter enacted with respect to the Premises and the use or occupancy thereof. Tenant shall not make or permit
any use of the Premises which directly or indirectly is forbidden by law, ordinance, governmental regulations or order or direction
of applicable public authority, which may be dangerous to persons or property or which may constitute a nuisance to other tenants.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">7.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Hazardous Materials</B>. Tenant shall not use or permit to be brought into the
Premises or the Building any flammable oils or fluids, or any explosive or other articles deemed hazardous to persons or property,
or do or permit to be done any act or thing which will invalidate, or which, if brought in, would be in conflict with any insurance
policy covering the Building or its operation, or the Premises, or any part of either, and will not do or permit to be done anything
in or upon the Premises, or bring or keep anything therein, which shall not comply with all rules, orders, regulations or requirements
of any organization, bureau, department or body having jurisdiction with respect thereto (and Tenant shall at all times comply
with all such rules, orders, regulations or requirements), or which shall increase the rate of insurance on the Building, its
appurtenances, contents or operation.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">8.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Defacing Premises and Overloading</B>. Tenant shall not place anything or allow
anything to be placed in the Premises near the glass of any door, partition, wall or window that may be unsightly from outside
the Premises. Tenant shall not place or permit to be placed any article of any kind on any window ledge or on the exterior walls;
blinds, shades, awnings or other forms of inside or outside window ventilators or similar devices shall not be placed in or about
the outside windows in the Premises except to the extent that the character, shape, color, material and make thereof is approved
by Landlord. Tenant shall not do any painting or decorating in the Premises or install any floor coverings in the Premises or
make, paint, cut or drill into, or in any way deface any part of the Premises or Building without in each instance obtaining the
prior written consent of Landlord. Tenant shall not overload any floor or part thereof in the Premises, or any facility in the
Building or any public corridors or elevators therein by bringing in or removing any large or heavy articles and Landlord may
direct and control the location of safes, files, and all other heavy articles and, if considered necessary by Landlord may require
Tenant at its expense to supply whatever supplementary supports necessary to properly distribute the weight.</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">9.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Obstruction of Public Areas</B>. Tenant shall not, whether temporarily, accidentally
or otherwise, allow anything to remain in, place or store anything in, or obstruct in any way, any sidewalk, court, hall, passageway,
entrance, or shipping area. Tenant shall lend its full cooperation to keep such areas free from all obstruction and in a clean
and sightly condition, and move all supplies, furniture and equipment as soon as received directly to the Premises, and shall
move all such items and waste (other than waste customarily removed by Building employees) that are at any time being taken from
the Premises directly to the areas designated for disposal. All courts, passageways, entrances, exits, elevators, escalators,
stairways, corridors, halls and roofs are not for the use of the general public and Landlord shall in all cases retain the right
to control and prevent access thereto by all persons whose presence, in the judgment of Landlord, shall be prejudicial to the
safety, character, reputation and interest of the Building and its tenants; provided, however, that nothing herein contained shall
be construed to prevent such access to persons with whom Tenant deals within the normal course of Tenant's business so long as
such persons are not engaged in illegal activities.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">10.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Additional Locks</B>. Tenant shall not attach, or permit to be attached, additional
locks or similar devices to any door or window, change existing locks or the mechanism thereof, or make or permit to be made any
keys for any door other than those provided by Landlord. Upon termination of this Lease or of Tenant's possession, Tenant shall
immediately surrender all keys to the Premises.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">11.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Communications or Utility Connections</B>. If Tenant desires signal, alarm or other
utility or similar service connections installed or changed, then Tenant shall not install or change the same without the approval
of Landlord, and then only under direction of Landlord and at Tenant's expense. Tenant shall not install in the Premises any equipment
which requires a greater than normal amount of electrical current for the permitted use without the advance written consent of
Landlord. Tenant shall ascertain from Landlord the maximum amount of load or demand for or use of electrical current which can
safely be permitted in the Premises, taking into account the capacity of the electric wiring in the Building and the Premises
and the needs of other tenants in the Building, and Tenant shall not in any event connect a greater load than that which is safe.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">12.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Office of the Building</B>. Service requirements of Tenant will be attended to
only upon application at the office of Highwoods Properties, Inc. Employees of Landlord shall not perform, and Tenant shall not
engage them to do any work outside of their duties unless specifically authorized by Landlord.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">13.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Restrooms</B>. The restrooms, toilets, urinals, vanities and the other apparatus
shall not be used for any purpose other than that for which they were constructed, and no foreign substance of any kind whatsoever
shall be thrown therein. The expense of any breakage, stoppage or damage resulting from the violation of this rule shall be borne
by the Tenant whom, or whose employees or invitees, shall have caused it.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">14.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Intoxication</B>. Landlord reserves the right to exclude or expel from the Building
any person who, in the judgment of Landlord, is intoxicated, or under the influence of liquor or drugs, or who in any way violates
any of the Rules and Regulations of the Building.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">15.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Nuisances and Certain Other Prohibited Uses</B>. Tenant shall not (a) install or
operate any internal combustion engine, boiler, machinery, refrigerating, heating or air conditioning apparatus in or about the
Premises; (b) engage in any mechanical business, or in any service in or about the Premises or Building, except those ordinarily
embraced within the Permitted Use as specified in Section 3 of the Lease; (c) use the Premises for housing, lodging, or sleeping
purposes; (d) prepare or warm food in the Premises or permit food to be brought into the Premises for consumption therein (heating
coffee and individual lunches of employees excepted) except by express permission of Landlord; (e) place any radio or television
antennae on the roof or on or in any part of the inside or outside of the Building other than the inside of the Premises, or place
a musical or sound producing instrument or device inside or outside the Premises which may be heard outside the Premises; (f)
use any power source for the operation of any equipment or device other than dry cell batteries or electricity; (g) operate any
electrical device from which may emanate waves that could interfere with or impair radio or television broadcasting or reception
from or in the Building or elsewhere; (h) bring or permit to be in the Building any bicycle, other vehicle, dog (except in the
company of a blind person), other animal or bird; (i) make or permit any objectionable noise or odor to emanate from the Premises;
(j) disturb, harass, solicit or canvass any occupant of the Building; (k) do anything in or about the Premises which could be
a nuisance or tend to injure the reputation of the Building; (i) allow any firearms in the Building or the Premises except as
approved by Landlord in writing.</TD>
</TR></TABLE>




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<TD STYLE="width: 15pt; text-align: right">16.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Solicitation</B>. Tenant shall not canvass other tenants in the Building to solicit
business or contributions and shall not exhibit, sell or offer to sell, use, rent or exchange any products or services in or from
the Premises unless ordinarily embraced within the Tenant's Permitted Use as specified in Section 3 of the Lease.</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">17.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Energy Conservation</B>. Tenant shall not waste electricity, water, heat or air
conditioning and agrees to cooperate fully with Landlord to insure the most effective operation of the Building's heating and
air conditioning, and shall not allow the adjustment (except by Landlord's authorized Building personnel) of any controls.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">18.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Building Security</B>. At all times other than normal business hours the exterior
Building doors and suite entry door(s) must be kept locked to assist in security. Problems in Building and suite security should
be directed to Landlord at (404) 321-6555.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">19.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Parking</B>. Parking is in designated parking areas only. There shall be no vehicles
in &quot;no parking&quot; zones or at curbs. Handicapped spaces are for handicapped persons only and the Police Department will
ticket unauthorized (unidentified) cars in handicapped spaces. Landlord reserves the right to remove vehicles that do not comply
with the Lease or these Rules and Regulations and Tenant shall indemnify and hold harmless Landlord from its reasonable exercise
of these rights with respect to the vehicles of Tenant and its employees, agents and invitees.</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">20.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Janitorial Service</B>. The janitorial staff will remove all trash from trashcans.
Any container or boxes left in hallways or apparently discarded unless clearly and conspicuously labeled DO NOT REMOVE may be
removed without liability to Landlord. Any large volume of trash resulting from delivery of furniture, equipment, etc., should
be removed by the delivery company, Tenant, or Landlord at Tenant's expense. Janitorial service will be provided after hours five
(5) days a week. All requests for trash removal other than normal janitorial services should be directed to Landlord at (404)
321-6555.</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">21.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Construction</B>. Tenant shall make no structural or interior alterations of the
Premises. All structural and nonstructural alterations and modifications to the Premises shall be coordinated through Landlord
as outlined in the Lease. Completed construction drawings of the requested changes are to be submitted to Landlord or its designated
agent for pricing and construction supervision.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>


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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">EXHIBIT C</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">COMMENCEMENT AGREEMENT</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 20pt">This COMMENCEMENT
AGREEMENT (the &#8220;Agreement&#8221;), made and entered into as of this _______ day of ________________, 2014, by and between
<B>HIGHWOODS DLF 98/29, LLC, </B>a Delaware limited liability company (&#8220;Landlord&#8221;) and <B>SAFETY QUICK LIGHTING &amp;
FANS CORP.</B>, a Florida corporation (&#8220;Tenant&#8221;);</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>W I T N E S S E T H :</B></P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 20pt">WHEREAS, Tenant and
Landlord entered into that certain Lease Agreement dated _____________ (the &#8220;Lease&#8221;), for space designated as Suite
154, comprising approximately 1,290 rentable square feet, in the One Point Royal Building, located at 4400 North Point Parkway,
City of Atlanta, County of Fulton, State of Georgia; and</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 20pt">WHEREAS, the parties
desire to amend the Rent Schedule and further alter and modify said Lease in the manner set forth below,</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 20pt">NOW, THEREFORE,
in consideration of the mutual and reciprocal promises herein contained, Tenant and Landlord hereby agree that said Lease hereinafter
described be, and the same is hereby modified in the following particulars, effective as of _____________________:</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">1.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Lease Term.</I> The definition for &#8220;Term&#8221;, provided in Section One
of the Lease, entitled &#8220;Basic Definitions and Provisions&#8221; shall be amended to provide that the Commencement Date is:
_____ and the Expiration Date is: _________.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">2.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Base Rent</I>. The definition for &#8220;Rent&#8221;, provided in Section One of
the Lease, entitled &#8220;Basic Definitions and Provisions&#8221;, shall be amended as follows:</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">a.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Base Rent.</I> Subsection 1(f) entitled &#8220;Base Rent&#8221;, is amended to
provide that the Base Rent for the Term shall be $ __________, instead of $______________.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">b.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Rent Schedule.</I> The rent schedule provided in Subsection 1(f) shall be replaced
with the following rent schedule:</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">3.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Miscellaneous. </I>Unless otherwise defined herein, all capitalized terms used
in this Agreement shall have the same definitions ascribed to them in the Lease.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">4.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Lease Effectiveness. </I>Except as modified and amended by this Agreement, the
Lease shall remain in full force and effect.</TD>
</TR></TABLE>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt"><I>&nbsp;</I></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">[BALANCE OF PAGE LEFT INTENTIONALLY BLANK;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">SIGNATURES ON FOLLOWING PAGE]</P>


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<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 20pt">IN WITNESS WHEREOF, Landlord and Tenant have caused
this Agreement to be duly executed, as of the day and year first above written.</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">Tenant:</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt"><B>SAFETY QUICK LIGHTING &amp; FANS
CORP.</B></P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">a Florida corporation</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font-size: 10pt; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 13%">By:</TD>
    <TD STYLE="width: 78%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>Name:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>Title:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>Date:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>Attest:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid"></TD>
    <TD>Secretary</TD></TR>
<TR STYLE="vertical-align: bottom; text-align: center">
    <TD></TD>
    <TD>Corporate Seal:</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">&nbsp;&nbsp;</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">[If Tenant is a corporation, the authorized
officers must sign no behalf of the corporation and indicate the capacity in which they are signing. This Lease must be executed
by the President or Vice President and attested by the Secretary or Assistant Secretary, unless the bylaws or a resolution of
the board of directors shall provide otherwise, in which case, the bylaws or a certified copy of the resolution must be attached
to this Lease. The appropriate corporate seal must also be affixed.]</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-weight: normal">Landlord:</FONT></P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt"><B>HIGHWOODS DLF 98/29, LLC</B></P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">a Delaware limited liability company</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">By: Highwoods DLF, LLC,
its manager</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">a Delaware limited
liability company</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">By: Highwoods
Realty Limited Partnership, its sole member</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">a North Carolina
limited partnership</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">By: Highwoods
Properties, Inc., its sole general partner</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">a Maryland corporation</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font-size: 10pt; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 15%">By:</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 83%; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Jim Bacchetta, Vice President and Division Manager</TD></TR>
</TABLE>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt"></P>

<P STYLE="margin: 0 0 0 0pt; text-align: justify; text-indent: 0pt"></P>


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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>EXHIBIT D</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">ACCEPTANCE OF PREMISES</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">&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 COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Tenant:</TD>
    <TD COLSPAN="11" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Landlord</TD>
    <TD COLSPAN="11" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">Date Lease Signed:</TD>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Term of Lease:</TD>
    <TD COLSPAN="5" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Months</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="14" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="14" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Address of Leased Premises</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Suite:</TD>
    <TD COLSPAN="5" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Containing approximately</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">square feet, located</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">at</TD>
    <TD COLSPAN="13" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="13" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="14" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Commencement Date:</TD>
    <TD COLSPAN="8" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Expiration Date:</TD>
    <TD COLSPAN="8" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="14" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="14" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">The above described Premises are accepted
    by Tenant as suitable for the purpose for which they were let.&nbsp;&nbsp;The</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="14" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">above described lease term commences
    and expires on the dates set forth above.&nbsp;&nbsp;Tenant acknowledges that on</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">it received from Landlord</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">keys to the Premises.&nbsp;&nbsp;It
    is understood that if there is a</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="14" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">punch list which will be completed
    after move-in, then said punch list will be an exhibit hereto.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="14" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-decoration: underline"><B><U>TENANT</U></B></TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-decoration: underline"><B><U>LANDLORD</U></B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Type/Print
    Name of Tenant)</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;(Type/Print
    Name of Landlord)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Signature)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt/150% Times New Roman, Times, Serif; margin: 0; text-align: center">(Signature)</P>
        <P STYLE="font: 10pt/150% Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Type/Pint Name and Title)</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Type/Print
    Name and Title)</TD></TR>
<TR>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 19%">&nbsp;</TD>
    <TD STYLE="width: 34%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

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</BODY>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.33
<SEQUENCE>6
<FILENAME>sfql043015posamex10_33.htm
<DESCRIPTION>SUBLEASE AGREEMENT
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY STYLE="font-size: 10pt">


<P STYLE="margin: 0; font-weight: bold; text-align: right">Exhibit 10.33</P>

<P STYLE="margin: 0; font-weight: bold; text-align: right">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; font-weight: bold; text-align: center">SUBLEASE AGREEMENT</P>

<P STYLE="margin-top: 0; margin-bottom: 0; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">This Sublease Agreement (&#8220;<B>Sublease</B>&#8221;)
is&nbsp;entered into this 15th day of&nbsp;October, 2014 by and between Safety Quick Light, LLC Florida limited liability company
(&#8220;<B>Sublandlord</B>&#8221;), and Stableford Capital, LLC a Georgia limited liability company (&#8220;<B>Subtenant</B>&#8221;).</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">MASTER LEASE</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">Sublandlord is the Tenant and Metzler One Buckhead
Plaza, L.P., is the Landlord (<B>&#8220;Prime Landlord&#8221;</B>) under a written Lease dated December 17, 2013 covering certain
real property located at 3060 Peachtree Road, Atlanta, GA 30305, containing approximately 2,895 rentable square feet on the third
(3rd) floor, <B>(&#8220;Master Premises&#8221;</B>). Said <B>Lease</B> specifically described above, is herein referred to as
the <B>&#8220;Master Lease&#8221;</B> and attached hereto as <B><U>Exhibit A</U></B>. Capitalized terms used in this Sublease
without definition shall have the definition ascribed to such terms in the Master Lease. This Sublease shall be of no force or
effect unless consented to by Prime Landlord in writing, pursuant to the consent terms and conditions defined in the Master Lease.
Except to the extent expressly modified herein, all terms and conditions of the Master Lease are incorporated into and made a
part of this Sublease as if Sublandlord were the Landlord thereunder, Subtenant the Tenant thereunder, and the Premises the Master
Premises. In the event of a conflict between the terms and conditions of this Sublease and that of the Master Lease, this Sublease
will govern and control. Sublandlord warrants and represents to Subtenant that the Master Lease has not been amended or modified,
that Sublandlord is not now, and as of the Commencement Date (herein defined) hereof will not be, in default or breach of any
of the provisions of the Master Lease, and Sublandlord has no actual or constructive knowledge of any claim by Landlord that Sublandlord
is in default or breach of any of the provisions of the Master Lease. Neither Sublandlord or Subtenant shall not commit or suffer
any act or omission that will violate any of the provisions of the Master Lease. If the Master Lease terminates, this Sublease
shall terminate and the parties shall be relieved of any further liability of obligations under this Sublease except as otherwise
set forth in the following sentence. If the Master Lease terminates as a result of a default or breach either by Subtenant under
this Sublease or by Sublandlord under the Master Lease, then the defaulting party shall be liable to the non-defaulting party
for all quantifiable damage suffered as a result of such termination. Subtenant assumes and agrees to perform Sublandlord&#8217;s
obligation under the Master Lease during the Term to the extent that such obligations are applicable to the Premises (as subsequently
defined herein), except that the obligation to pay rent to Prime Landlord under the Master Lease shall be considered performed
by Subtenant to the extent and in the amount that the &#8220;Base Rent&#8221; (as defined in this Sublease) is paid to Sublandlord
in accordance herewith.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>SUBLEASE PREMISES</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">Sublandlord hereby subleases
to Subtenant and Subtenant hereby takes and subleases from Sublandlord on the terms and conditions set forth in this Sublease
the<B> </B>Master Premises (&#8220;<B>Premises</B>&#8221;) located on the 3rd floor, Suite 390 containing approximately 2,895
rentable square feet as shown on Exhibit C attached hereto.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">TERM AND POSSESSION</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">The Term of this Sublease shall
commence on the later of (i) November 1, 2014or (ii) the date of Prime Landlord&#8217;s full consent of the Sublease (the<B> &#8220;Commencement
Date</B>&#8221;), and end on March 31, 2017 (&#8220;<B>Term</B>&#8221;). Tenant shall be allowed access to the premises ten (10)
days prior to the Lease Commencement Date for the installation of furniture and equipment.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">BASE RENT</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">(a) Subtenant shall pay to
Sublandlord as base rent (&#8220;Base Rent&#8221;), without deduction, setoff, notice, or demand, at 4400 North Point Parkway,
Alpharetta, GA 30022, Attn: Patty Barron or such other place as Sublandlord shall designate from time to time by reasonable prior
written notice to Subtenant, payable monthly in advance on or before the first (1st) day of each month through the end of the
Term.</P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">Base Rent Schedule:</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</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 STYLE="width: 37%; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 49.5pt">Period*</TD>
    <TD STYLE="width: 21%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Base
    Rent per RSF</TD>
    <TD STYLE="width: 19%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Annual&nbsp;&nbsp;&nbsp;&nbsp;Base
    Rent</TD>
    <TD STYLE="width: 23%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Monthly
    Base Rent</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">12/01/2014
    - 11/30/2015</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$29.00</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$83,955.00</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$6,996.25</TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="width: 37%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">12/01/2015 - 11/30/2016</TD>
    <TD STYLE="width: 21%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$29.89</TD>
    <TD STYLE="width: 19%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$86,473.65</TD>
    <TD STYLE="width: 23%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$7,206.14</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">12/01/2016
    - 03/31/2017</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$30.76</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">*$29,683.40</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$7,420.85</TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">*4 months base rent</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">Upon execution of this Sublease,
Subtenant shall deposit with Sublandlord the sum of Six Thousand Nine Hundred Ninety-Six and 25/100 Dollars ($6,996.25) as first
month&#8217;s Base Rent.&nbsp; Such advanced rent payment shall be applied as first month&#8217;s Base rent for December 2014.
If the Term begins or ends on a day other than the first or last day of the month, the rent for the partial month shall be prorated
on a per diem basis.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">(b) Subtenant hereby acknowledges
that if any monthly payment of Base Rent or any other monies due hereunder from Subtenant not be received by Sublandlord within
five (5) business days after such payment is due, Subtenant shall pay Sublandlord a late charge equal to 5% of such delinquent
amount. Additionally, if any Base Rent or other monies due hereunder by Subtenant to Sublandlord which are not paid within five
(5) business days after Subtenant receives notice of such non-payment, the same shall bear interest at the rate of one and one-half
percent (1 1/2%) per month from said due date until paid.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">REPAIRS BY SUBTENANT</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt; font-style: italic; font-weight: bold">Sublandlord shall
be entitled to the same rights as Prime Landlord regarding entry to the Premises as are provided Prime Landlord in the Master
Lease. Subtenant has inspected the Premises and accepts the Premises in their present existing condition and acknowledges same
as suited for Subtenant&#8217;s purposes and intended use, provided, however, that prior to the Commencement Date Sublandlord
agrees to leave the Premises in a broom clean condition with no major blemishes on the walls (ordinary wear and tear excepted)
and free from any personal property. From and after the applicable Commencement Date with respect to the portion of the Premises
for which possession has been delivered to Subtenant, Subtenant shall, in addition to undertaking all duties and obligations of
Sublandlord to Prime Landlord under the Master Lease, throughout the Term of this Sublease and at Subtenant&#8217;s expense maintain
in good order and repair the Premises, including the Premises interior, fixtures and all improvements located therein or thereon.
Subtenant agrees to return the Premises to Sublandlord at the expiration of this Sublease or upon prior termination of the Term,
if any, in as good condition and repair as when first received by Subtenant, reasonable wear and tear excepted. </P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">SECURITY DEPOSIT</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">Subtenant shall, upon execution
of this Sublease Agreement, deposit with Sublandlord the sum of Thirty Four thousand nine hundred eighty one and 25/100 Dollars
($34,981.25) to be held by Sublandlord as security for Subtenant&#8217;s obligations under this Sublease (the &#8220;Security
Deposit&#8221;). Sublandlord may apply all or any portion of the Security Deposit to any unpaid Base Rent or Additional Rent due
from Subtenant, or to cure any other defaults of Subtenant. If Sublandlord uses all or any portion of the Security Deposit, Subtenant
shall restore the Security Deposit to its full amount within ten (10) days after Sublandlord's written request, which request
shall specify the reason for use of any such portion of the Security Deposit. Subtenant's failure to do so shall be deemed an
event of default under the Sublease. No interest shall be paid by Sublandlord to Subtenant on the Security Deposit. Sublandlord
shall not be required to keep the Security Deposit separate from its other accounts, and no trust relationship is created with
respect to the Security Deposit. The Security Deposit is not a prepayment of Subtenant's monthly rent obligations, and may not
be used by Subtenant as such; it is expressly understood that the Security Deposit does not and shall not constitute Subtenant's
&quot;last month's rent.&quot; Upon any termination of the Sublease not resulting from Subtenant's default, and after Subtenant
has vacated the Premises in the manner required by the Sublease and otherwise timely performed its obligations pursuant to the
Sublease throughout the Term, Sublandlord shall, within - 30 days after the expiration of the Term, refund the remaining portion
of the Security Deposit to Subtenant.</P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">REDUCTION IN SECURITY DEPOSIT</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">Notwithstanding anything in
the Security Deposit section above to the contrary, so long as Subtenant is then current in the payment of all Base Rent due hereunder
and has not been in default beyond any applicable notice and cure period, the Security Deposit will be reduced as follows: (i)
as of the first (1st) day of the sixth (6th) full calendar month of the Term of this Sublease and proof from Subtenant of revenues
at or in excess of $500,000.00, the Security Deposit shall be reduced to $20,988.75 (ii) as of the first day of the twelfth (12th)
full calendar of the Term of this Sublease and proof from Subtenant of revenues at or in excess of $750,000.00, the Security Deposit
shall be reduced to $6,996.25. In no event shall the Security Deposit ever be in an amount less than $6,996.25 during the Term
of this Sublease. The Sublandlord agrees that the security deposit reduction(s) shall be credited against the rent due for the
following month(s); e.g. the &#8220;sixth month reduction&#8221; will satisfy the rent due for the seventh and eigth month. In
the second year of the lease, the Subtenant shall be responsible for the remaining balance(s) due for months thirteen (13) and
fourteen (14) according to this lease.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>




<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">SUBTENANT&#8217;S DEFAULT</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">If Subtenant is late in the
payment of Base Rent or any other charges required of Subtenant hereunder, and the same remains delinquent for more than five
(5) business days after Sublandlord provides Subtenant notice of the same, or if Subtenant defaults in performing any other of
its obligations hereunder (including, but not limited to, obligations under the Master Lease that are incorporated into this Sublease),
and such non-monetary default is not cured within ten (10) days after written notice to Subtenant provided, however, if Subtenant&#8217;s
failure to comply cannot reasonably be cured within ten (10) days, Subtenant shall be allowed additional time (not to exceed 45
days) as is reasonably necessary to cure the failure so long as Subtenant begins the cure within ten (10) days and diligently
pursues the cure to completion; or if Subtenant is adjudicated a bankrupt; or if a permanent receiver is appointed for Subtenant&#8217;s
property, including any interest Subtenant may have in the Premises; or if, whether voluntarily or involuntarily, Subtenant files
or is subject to creditor relief proceedings under any present or future law; or if Subtenant makes an assignment for benefit
of creditors; or if the Premises or Subtenant&#8217;s property or interest herein should be levied upon or attached and not satisfied
or dissolved within thirty (30) days; then, and in any said events, at Sublandlord&#8217;s option and upon Sublandlord&#8217;s
notice to Subtenant of a termination of the Sublease, Subtenant shall at once surrender possession of the Premises to Sublandlord
and remove all of Subtenant&#8217;s property and effects therefrom; and Sublandlord may forthwith re-enter the Premises and repossess
same, and remove all persons and effects therefrom, using such force as may be necessary without being guilty of trespass, forcible
entry or detained or other tort.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">In addition, Sublandlord shall
have the right to pursue any and all other remedies available at law and in equity to recover from Subtenant all amounts then
due or thereafter accruing and such other damages as are caused by Subtenant&#8217;s default. No course of dealing between Sublandlord
and Subtenant or any delay on the part of Sublandlord in exercising any rights Sublandlord may have under this Sublease shall
operate as a waiver of any of the rights of Sublandlord hereunder, nor shall any waiver or prior default operate as a waiver of
any subsequent default. In exercising its rights and remedies under this Sublease, Sublandlord shall be entitled to recover from
Subtenant all costs incurred, including, without limitation, reasonable attorneys&#8217; fees actually incurred.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">No termination of this Sublease
prior to the expiration thereof by lapse of time, by default of either party or otherwise shall affect Sublandlord&#8217;s right
to collect Base Rent or charges due hereunder for the period prior to termination by either party.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">USE OF PREMISES</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">The Premises shall be used
and occupied by Subtenant only for general office use and for no other use or purpose.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">ASSIGNMENT AND SUBLETTING</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">Subtenant shall not have the
right to assign this Lease or sublet the Premises except upon receipt of Prime Landlord&#8217;s and Sublandlord&#8217;s prior
written consent, which shall not be unreasonably withheld or delayed.</P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">HOLDING OVER</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">All terms and conditions of
the Master Lease shall control in the event that Subtenant fails to yield up immediate possession of the Premises upon the termination
or expiration of the Sublease except that any tenancy at sufferance shall include rent charges equal to one hundred fifty percent
(150%) of the Base Rent paid hereunder. Notwithstanding the foregoing, the provisions of this Section shall not apply in the event
that Subtenant has executed a direct lease for the Premises with Prime Landlord that extends Subtenant&#8217;s occupancy of the
entire Premises after the expiration of this Sublease. If (i) Subtenant remains in possession of the Premises upon the termination
of the Master Lease, (ii) Sublandlord returns possession of the Master Premises other than the Premises (the &#8220;Remainder
Premises&#8221;) to Prime Landlord upon the termination of Master Lease, and (iii) Sublandlord is responsible to pay holdover
rent or incurs any costs pursuant to <U>Section 24</U> of the Master Lease on the Master Premises or on the Premises as a result
of Subtenant&#8217;s remaining in possession of the Premises after the termination of the Master Lease, then Subtenant shall indemnify
Sublandlord for Sublandlord&#8217;s indemnity obligations as &#8220;Tenant&#8221; under the Master Lease with respect to the Remainder
Premises and the Premises for any claims arising from the Subtenant&#8217;s holding over. Subtenant&#8217;s liability for a holdover
event for which Sublandlord does not hold over on the Remainder Premises but Subtenant does hold over on the Premises as described
in the immediately preceding sentence, shall be equal to all damages owed to Master Landlord by Sublandlord as Tenant, under Section
22 of the Master Lease, which includes 100% of the holdover rent then due under the Master Lease. Subtenant&#8217;s liability
for a holdover event for which Sublandlord holds over on the Remainder Premises and Subtenant also holds over on the Premises
shall be calculated as a prorata percentage interest based upon a formula that is equal to the square footage of the Premises
leased by Subtenant under this Sublease divided by the square footage of the total premises that are leased by Sublandlord under
its Master Lease with Landlord as of the time of such indemnification.</P>




<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">ATTORNEY&#8217;S FEES</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">If Sublandlord or Subtenant
shall commence an action against the other arising out of or in connection with this Sublease, the substantially prevailing party
shall be entitled to recover its cost of suit and reasonable attorneys&#8217; fees and related expenses.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">BROKER REPRESENTATION AND DISCLOSURE</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">Avison Young-Atlanta, LLC represent
Sublandlord in this transaction, and Joel and Granot Real Estate, Inc. represents the Subtenant in this transaction, collectively
(<B>&#8220;Brokers&#8221;</B>). Brokers will be paid a real estate commission by Sublandlord, per a separate commission agreement.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">PARKING</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">Subtenant shall have the right
to use any parking spaces available to Sublandlord as per the Master Lease and Subtenant shall be responsible for all costs associated
with Parking.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">SIGNAGE</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">Sublandlord shall request that
Prime Landlord provide directory signage for Subtenant at the sole cost and expense of Subtenant.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">FF&amp;E</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">Refrigerator currently located
in break/work room shall remain; all other furniture, fixture and equipment shall be removed from Premises by Sublandlord.</P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">INSURANCE</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">During the term of this Sublease,
Subtenant shall fully comply with all of the insurance obligations as provided for in the Master Lease with respect to the Premises.
In addition to the obligations in the Master Lease, Subtenant&#8217;s insurance shall also comply with the following: (i) Subtenant&#8217;s
commercial general liability policy shall name Sublandlord as an additional insured, and (ii) all policies of insurance shall
contain endorsements that the insurer(s) shall give Sublandlord at least 30 days&#8217; advance written notice of any cancellation,
termination, material change or lapse of insurance. Subtenant agrees to provide proof to Sublandlord in the form of an original
certificate of insurance regarding the aforementioned on or before the Commencement Date of this Sublease.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">During the term of this Sublease,
Sublandlord shall fully comply with all the insurance obligations as provided for in the Master Lease with respect to the Remainder
Premises.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">Each party hereby waives claims
against the other for property damage that could be insured under a standard fire and extended coverage policy of insurance and
each party shall attempt to obtain from its insurance carrier a waiver of its right of subrogation with respect to such insurance.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">INDEMNIFICATION</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">Anything to the contrary in this Sublease or
the Master Lease notwithstanding, Sublandlord shall not be liable to Subtenant and Subtenant hereby waives all claims against
Sublandlord for injury or damage to any person or property by or from any cause whatsoever arising out of Subtenant&#8217;s use
or occupancy of the Premises during the Term of this Sublease, excepting Sublandlord&#8217;s negligence or willful misconduct,
and Subtenant shall remain liable for its own negligence or otherwise tortuous acts, errors or omissions and agrees to indemnify,
defend and hold Sublandlord harmless against and from any and all costs, expenses, claims, demands, obligations and liabilities,
(including reasonable attorneys&#8217; fees) brought or asserted by any third party on account of Subtenant&#8217;s breach of
contract, negligence or willful misconduct in the use or occupancy of the Premises during the Term of this Sublease.<B></B></P>




<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold"><B>ALTERATIONS AND IMPROVEMENTS</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">Subtenant shall have the right
to improve, add to or alter the Premises and to install fixtures and other equipment thereon provided that Subtenant shall have
first obtained the prior written consent of Prime Landlord pursuant to the Master Lease. Subtenant may remove all fixtures, equipment
and other improvements in the Premises made by Subtenant at any time during or at expiration or termination of the Sublease, if
and only if Subtenant repairs any damage to the Premises caused by such removal and restores the Premises to the condition required
by the paragraph of this Sublease entitled &#8220;REPAIRS BY SUBTENANT&#8221; at expiration or termination of this Sublease, provided,
however, that the same shall not be required in the event that Subtenant has executed a direct lease for the Premises with Prime
Landlord that extends Subtenant&#8217;s occupancy of the Premises after the expiration of this Sublease. However, any such improvements,
additions, alterations, fixtures and other equipment of Subtenant which are not removed upon expiration or sooner termination
of this Sublease (unless Subtenant enters into a direct lease with Prime Landlord that extends Subtenant&#8217;s occupancy of
the Premises after the expiration of this Sublease), the same shall revert to and become the absolute property of Prime Landlord,
free and clear of any and all claims against them by Subtenant or any third party, and Subtenant hereby agrees to hold Sublandlord
and Prime Landlord harmless from any such claims by third parties.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">AUTHORITY</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">Subtenant hereby warrants and
represents that the undersigned officer of Subtenant has due authorization to execute this Sublease and to perform Subtenant&#8217;s
obligations hereunder.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">Sublandlord hereby warrants
and represents that the undersigned officer of Sublandlord has due authorization to execute this Sublease and to perform Sublandlord&#8217;s
obligations hereunder.</P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold"><B>NOTICE</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">Whenever in this Sublease any notice is required
or permitted to be given by either party to the other in writing, such notices shall be sent by certified mail, postage prepaid,
return receipt requested, or by recognized overnight courier or by hand delivery to the addresses indicated in this paragraph
unless Sublandlord and Subtenant designate to the other party in writing another address. The date of service of any notice hereunder
shall be the date of personal delivery, or the date of post mark in the U.S. mail, or the date of confirmed deposit with the courier
as the case may be.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</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: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">As to Sublandlord:</TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">As to Subtenant:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Avenir LT 35 Light,serif; margin: 0; text-align: justify">Safety Quick Light, LLC</P>
        <P STYLE="font: 10pt Avenir LT 35 Light,serif; margin: 0; text-align: justify">4400 North Point Parkway</P>
        <P STYLE="font: 10pt Avenir LT 35 Light,serif; margin: 0; text-align: justify">Suite 154</P>
        <P STYLE="font: 10pt Avenir LT 35 Light,serif; margin: 0; text-align: justify">Alpharetta, GA 30022</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Avenir LT 35 Light,serif; margin: 0; text-align: justify">Stableford Capital, LLC</P>
        <P STYLE="font: 10pt Avenir LT 35 Light,serif; margin: 0; text-align: justify">3060 Peachtree Road</P>
        <P STYLE="font: 10pt Avenir LT 35 Light,serif; margin: 0; text-align: justify">Suite 390</P>
        <P STYLE="font: 10pt Avenir LT 35 Light,serif; margin: 0; text-align: justify">Atlanta, GA 30305</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Avenir LT 35 Light,serif; margin: 0; text-align: justify">ATTN:
Patty Barron</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Avenir LT 35 Light,serif; margin: 0; text-align: justify">ATTN:
Mark Lapolla&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">NON-WAIVER OF RIGHTS</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">No course of dealing between
Sublandlord and Subtenant or any failure or delay on the part of Sublandlord or Subtenant, respectively, in exercising any rights
of Sublandlord or Subtenant under any provisions of this Sublease shall operate as a waiver of any rights of Sublandlord or Subtenant,
as applicable, under this Sublease, nor shall any waiver of a default on one occasion operate as a waiver of any subsequent default
or any other default. No express waiver shall affect any condition, covenant, rule or regulation other than the one specified
in such waiver, and that one only for the time and in the manner specifically stated.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">TIME</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">Time is of the essence in this
Sublease.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">APPLICABLE LAW</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt"><B>&nbsp;</B></P>




<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">This Sublease shall be construed
under the laws of the Georgia without reference to the conflict of law provisions of such state.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">SEVERABILITY CLAUSE</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">If any clause or provision
of this Sublease is illegal, invalid, or unenforceable under present or future laws effective during the Term of this Sublease,
then and in that event it is the intention of the parties hereto that the remainder of this Sublease shall not be affected thereby.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">NO ASSUMPTION OF OBLIGATIONS IN MASTER LEASE</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt; font-style: italic; font-weight: bold">This Sublease shall
not be construed to create any relationship or contractual agreement between Subtenant and Prime Landlord. Without limiting the
generality of the foregoing statement, Subtenant shall have no rights under the Master Lease and shall take no action or assert
any claim against Prime Landlord under the Master Lease or Sublease and shall look solely to Sublandlord for enforcement of Subtenant&#8217;s
rights hereunder.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">COUNTERPARTS</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">This Sublease may be executed
in multiple counterparts, each of which shall be deemed an original and together shall constitute one and the same Sublease, with
one counterpart being delivered to each party hereto.</P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">ENTIRE AGREEMENT</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">This Sublease contains the
entire agreement of Sublandlord and Subtenant, and no representations, inducements, promises or agreements, oral or otherwise,
between the parties not embodied herein shall be of any force or effect.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold"><B>QUIET ENJOYMENT</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">Subject to the terms and conditions
of this Sublease and so long as Subtenant is not in default in the performance of its covenants and agreements in this Sublease
(beyond any applicable notice and grace period), Subtenant&#8217;s quiet and peaceable enjoyment of the Premises shall not be
disturbed or interfered with by Sublandlord or anyone claiming by, under or through Sublandlord.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold"><B>PROVISIONS REGARDING SUBLEASE</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">In order to afford to
Subtenant the benefits of this Sublease and of those provisions of the Master Lease which by their nature are intended to benefit
the party in possession of the Premises, Sublandlord acknowledges and agrees to the following:</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 40pt">A.&#9;Provided Subtenant shall timely pay all
Base Rent when and as due under this Sublease, Sublandlord shall pay, when and as due, all base rent, additional rent and other
charges payable by Sublandlord to Prime Landlord under the Master Lease.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 40pt">B.&#9;Sublandlord shall perform its covenants
and obligations under the Master Lease which do not require for their performance possession of the Premises and which are not
otherwise to be performed hereunder by Subtenant on behalf of Sublandlord.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 40pt">C.&#9;Sublandlord shall not agree to an amendment
to the Master Lease which might: (i) have a material adverse effect on Subtenant&#8217;s occupancy of the Premises or its use
of the Premises for their intended purpose, or (ii) result in a material increase in costs to Subtenant.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 40pt">D.&#9;Sublandlord hereby grants to Subtenant
the right to receive all of the services and benefits with respect to the Premises which are to be provided by Prime Landlord
under the Master Lease.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 40pt">E. &#9;Sublandlord shall promptly notify Subtenant
of any notice received from the Prime Landlord under the Master Lease.</P>


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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 20pt">&nbsp;<B>IN WITNESS WHEREOF, </B>Sublandlord
and Subtenant, acting by and through their authorized officers, have hereunto set their hands and affixed their seals as of the
day and year first above written.</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 0pt; margin-left: 180pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font-size: 10pt; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 25%">&nbsp;</TD>
    <TD STYLE="width: 15%; font-weight: bold">SUBLANDLORD:</TD>
    <TD STYLE="width: 2%"></TD>
    <TD STYLE="width: 58%"><B>Safety Quick Light, LLC</B>, a Florida Limited Liability Company</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-style: italic; border-bottom: Black 1pt solid">/s/ Patricia Barron</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Name:</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">Patricia Barron</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">COO</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Witnessed By:</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold">SUBTENANT:</TD>
    <TD>&nbsp;</TD>
    <TD><B>Stableford Capital, LLC</B>, A Georgia Limited Liability Company</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-style: italic; border-bottom: Black 1pt solid">/s/ Mark O. Lapolla</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Name:</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">Mark O. Lapolla</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">Managing Member</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Witnessed By:</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 0pt; margin-left: 180pt"></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 0pt"></P>

<P STYLE="font: 10pt Avenir LT 35 Light,serif; margin: 0; text-align: justify"></P>


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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold"><B><U>Exhibit A</U></B></P>

<P STYLE="font: 10pt Avenir LT 35 Light,serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold"><B><U>Master Lease</U></B></P>

<P STYLE="font: 10pt Avenir LT 35 Light,serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Avenir LT 35 Light,serif; margin: 0; text-align: center"><B>&nbsp;</B></P>


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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold"><B><U>Exhibit B</U></B></P>

<P STYLE="font: 10pt Avenir LT 35 Light,serif; margin: 0; text-align: center"><B>&nbsp;</B>&nbsp;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">EXHIBIT C</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">Subleased Premises</P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold"></P>


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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.34
<SEQUENCE>7
<FILENAME>sfql043015posamex10_34.htm
<DESCRIPTION>AGREEMENT AND MUTUAL RELEASE AND WAIVER
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY STYLE="font-size: 10pt">


<P STYLE="margin: 0 0 0pt 0pt; text-align: right; text-indent: 0pt; font-weight: bold">Exhibit 10.34</P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: center; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: center; text-indent: 0pt"><B><U>AGREEMENT AND MUTUAL RELEASE AND
WAIVER</U></B></P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: center; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 0pt"><B>THIS AGREEMENT AND MUTUAL RELEASE
AND WAIVER</B>, (the &#8220;Agreement&#8221;) executed on November 21, 2014 by and between Safety Quick Lighting &amp; Fans Corp.
(the &#8220;Company&#8221;) and James R. Hills, (&#8220;Hills&#8221;), each referred to individually as a &#8220;Party&#8221; and
collectively as the &#8220;Parties&#8221;, is effective as of the Effective Date, as hereinafter set forth in Paragraph 15.</P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: center"><B>RECITALS</B></P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right"><B>WHEREAS</B>,</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Company and Hills have entered into each of (i) that certain Consulting Agreement
dated effective April 1, 2012 (&#8220;2012 Agreement&#8221;) (ii) that certain Executive Employment Agreement, dated November
15, 2013 (&#8220;2013 Agreement&#8221;), and that certain Amended and Restated Employment Agreement, dated March 26, 2014 (the
&#8220;Amended Agreement&#8221;, together with the 2012 Agreement and the 2013 Agreement, collectively the &#8220;Hills Agreement&#8221;),
providing for, among other things, Hills&#8217; engagement by the Company as a consultant and employment by the Company as its
Chief Executive Officer; and</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right"><B>WHEREAS</B>,</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Parties intend to effect the termination of the Hills Agreement and the mutual
extinguishment of any obligations, real or perceived, existing as of the date hereof whether derived from the Hills Agreement
or otherwise, as expressly herein provided.</TD>
</TR></TABLE>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 0pt"><B>NOW, THEREFORE</B>, in consideration
of the promises and other good and valuable consideration as hereinafter set forth, the Parties agree as follows;</P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">1.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><U>Mutual Release and Waiver</U>.</TD>
</TR></TABLE>



<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 20pt">As of the Effective Date and upon the terms and
conditions contained in this Agreement, each of the Parties hereby (i) agrees that the Hills Agreement is terminated and (ii)
releases and forever discharges the other and, as the case may be, any and all of the other&#8217;s past, present and future
subsidiaries, directors, officers, shareholders, principals, employees, affiliates, agents, administrators, attorneys,
successors and assigns, from any and all actions, causes of action, covenants, contracts, controversies, agreements,
promises, damages, judgments, claims and demands whatsoever, in law or in equity, now known or unknown from the beginning of
the world to the date of this Agreement, which could be made or alleged now or in the future arising out of any covenant,
agreement, right, demand or understanding (each a &#8220;Claim&#8221;, and collectively &#8220;Claims&#8221;), whether any
such Claim is derived under or from the Hills Agreement or otherwise, and the Parties do hereby specifically waive any claim
or right to assert any cause of action or alleged cause of action or <FONT STYLE="font-size: 11pt">c</FONT>laim or demand
against the other which has, through oversight or error, intentionally or unintentionally or through a mutual mistake, been
omitted from this Agreement. In furtherance and not in limitation of the foregoing, the Company hereby acknowledges and
agrees that Hills is released from any and all obligations to perform any duties or services for or on behalf of the Company
in his capacity as a consultant, as an officer (including as the Chief Executive Officer) of the Company, or in any other
employment capacity. Notwithstanding anything contained herein to the contrary, Hills hereby reserves and retains and does
not hereby release any Claims consisting of or relating to Hills&#8217; respective rights (a) to receive any payments or
benefits under this Agreement, (b) under or with respect to any convertible or other debt instruments owed by the Company to
or otherwise held by Hills (including without limit that certain $250,000 convertible note), any capital stock in the Company
previously acquired or received and currently owned or held by Hills (including without limit the New Stock (as
hereinafter defined), the Prior Stock (as hereinafter defined) or those 230,818 shares of capital stock previously acquired
by Hills) and any warrants or options to acquire any capital stock in the Company (including without limit those warrants to
acquire 74,083 shares of the Company&#8217;s capital stock) in each case as held or owned by Hills or (c) to be indemnified
by the Company either as provided hereunder or in conformity with the Company&#8217;s bylaws, policies or programs as
applicable to its directors, officer, employees or other representatives or to receive benefits or protections available
under any liability insurance policy maintained by the Company.</P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">2.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><U>Common Stock and Incentive Compensation</U>.</TD>
</TR></TABLE>



<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 20pt">As full consideration
for the extinguishment of the Hills Agreement and the promises set forth in this Agreement, the Company hereby agrees to provide
and pay to Hills the following:</P>

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<P STYLE="margin: 0 0 0pt 0pt; text-align: justify"></P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 40pt">i. &#9;<I>Common Stock:</I>
Upon execution and delivery of this Agreement, the Company shall issue to Hills the two hundred and fifty thousand (250,000) shares
of the Company&#8217;s common stock scheduled to vest on December 31, 2014 under the Hills Agreement (the &#8220;New Stock&#8221;),
and Hills shall be entitled to retain such New Stock and the five hundred thousand (500,000) shares of the Company&#8217;s common
stock previously issued pursuant to the Hills Agreement (the &#8220;Prior Stock&#8221;)..</P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 40pt">&nbsp;</P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 40pt">ii.&#9;<I>Compensation
Due:</I> The Company shall cause to be paid to Hills all accrued and unpaid salary, incentive compensation, unused vacation time,
expense reimbursements and vehicle reimbursements due to him, as set forth in the Hills Agreement, through and including the Effective
Date, paid <I>pro rata</I> as applicable.</P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 40pt">&nbsp;</P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 40pt">iii.<I> &#9;Incentive Compensation:</I> Hills shall
be entitled to 0.50% (.0050) of the Company&#8217;s gross revenue (defined and determined as the Company&#8217;s total gross
sales, at the full invoiced amount, less solely product returns and initial discounts and determined without reduction for
direct or indirect sales, advertising, marketing, shipping, warehousing or other costs or any rebates or other commissions
payable in connection with such sales), generated solely from Home Depot for a period of thirty-six (36) months (the
&#8220;Incentive Period&#8221;) commencing on the earlier of July 1, 2015 or the Company&#8217;s first and initial shipment
of any goods or products pursuant to an order from Home Depot. The incentive compensation payments pursuant to this
subsection, if any, shall be made to Hills for each full or partial calendar quarter occurring during the Incentive Period
within fifteen (15) days after the last day of such calendar quarter. Hills shall be entitled, upon prior written notice to
the Company, to audit the Company&#8217;s books and records not more frequently than one (1) time per calendar year for
purposes of verifying the amounts paid to Hills hereunder. The Company shall reasonably cooperate with Hills in making its
applicable books and records available for purposes of allowing such audit. In the event any such audit results in
verification of the Company&#8217;s underpayment to Hills by an amount at or in excess of five percent (5%) of the amount
actually paid to Hills for the period audited, then the Company shall promptly pay such deficiency to Hills and further
reimburse Hills for the costs incurred in performing such audit. During the Incentive Period, the Company shall endeavor to
timely respond to Hills reasonable inquiries and otherwise provide Hills, on a quarterly basis, with information regarding
the Company&#8217;s relationship or activities with or involving Home Depot.</P>

<P STYLE="margin: 0; font-style: ; font-variant: ; font-weight: ">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">3.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><U>Confidentiality</U>.</TD>
</TR></TABLE>



<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 20pt">Hills shall maintain
in strict secrecy all confidential or trade secret information relating to the business of the Company (the &#8220;Confidential
Information&#8221;) obtained by Hills in the course of Hills&#8217; employment by the Company through the date hereof, and Hills
shall not, unless first authorized in writing by the Company, disclose to, or use for Hills' benefit or for the benefit of any
person, firm or entity at any time, any Confidential Information. For the purposes hereof, Confidential Information shall include,
without limitation, any trade secrets, knowledge or information with respect to processes, inventions, machinery, manufacturing
techniques or know-how; any business methods or forms; any names or addresses of customers or vendors or data on customers or suppliers;
and any business policies or other information relating to or dealing with the purchasing, sales or distribution policies or practices
of the Company.</P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 40pt">&nbsp;</P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 20pt">Except as required
by applicable federal, state or local law or regulation, the term &#8220;Confidential Information&#8221; as used in this Agreement
shall not include information that (i) at the time of disclosure is, or thereafter becomes, generally available to and known by
the public other than as a result of any material breach of this Agreement by Hills; (ii) at the time of disclosure is, or thereafter
becomes, available to Hills on a non-confidential basis from a third-party source, provided that, to Hills&#8217; knowledge, such
third party is not and was not prohibited from disclosing such Confidential Information to him by any contractual obligation; or
(iii) was independently developed by Hills without reference to or outside of his employment with the Company, whether such employment
was pursuant to the Hills Agreement or in any other capacity, including Hills&#8217; position as a member of the Company&#8217;s
Board of Directors. In addition, Hills shall not be in violation of this Agreement by reason of his use or disclosure of any Confidential
Information (a) in order to comply with any federal, state or local law, rule, regulation, subpoena, judicial action, or other
governmental investigation or mandate; (b) as necessary for Hills to defend or enforce against an alleged or actual breach of this
Agreement or any third party claim; and (c) made to or by Hills&#8217; legal, tax or financial advisors for the purpose of securing
their advice, provided that Hills shall inform any such advisor of the obligation to maintain in confidence the Confidential Information
so disclosed to or used by them.</P>

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<P STYLE="margin: 0 0 0pt 0pt; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">4.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><U>Disparaging Statements</U>.</TD>
</TR></TABLE>



<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 20pt">Each of the Parties hereto agree that, from and after
the date of this Agreement, each such Party will refrain from making any statement about the other which could be construed
disparaging, including but not limited to, statements regarding business practices, financial condition, and the integrity of
each of the Parties and, as the case may be, its current and former officers, directors, employees, shareholders, attorneys
and accountants,<FONT STYLE="letter-spacing: -0.15pt"> agents, and successors and assigns</FONT>. For the purposes of this
Paragraph 4, disparaging statements shall not include the disclosure or making of truthful testimony compelled by or made
under or in connection with a judicial action, governmental investigation or other legal mandate.</P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 40pt">&nbsp;</P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 20pt">In addition, the
parties shall mutually agree as to the content, timing and means of making or issuing of either (i) any press release or other
public comment, statement or filing or (ii) any response to any media or other public or private questions or inquiries concerning
Hills&#8217; departure from any office or position with or separation from the Company.</P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 40pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">5.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><U>Indemnification</U>.</TD>
</TR></TABLE>



<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 20pt">Each Party hereby
agrees to save and hold harmless the other Party and, as the case may be, all of such other Party&#8217;s employees, directors,
shareholders, principals, affiliates, heirs, legal representatives, executors, administrators, successors and assigns against and
in respect of any loss, cost, expense, claim, liability, deficiency, judgment or damage incurred by the other Party hereto as a
result of any material inaccuracy in or material breach of a representation or warranty of such indemnifying Party contained in
this Agreement, or any material failure by such indemnifying Party to perform or comply with any of its covenants contained in
this Agreement.</P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 20pt">In addition and
not in lieu or limitation of the foregoing, the Company hereby agrees to save and hold harmless Hills and his affiliates, heirs,
legal representatives, executors, administrators, successors and assigns against and in respect of any loss, cost, expense, claim,
liability, deficiency, judgment or damage incurred by such indemnified person or entity by reason of (i) Hills being or having
been a director or officer, consultant, employee or representative of the Company, or (ii) Hills&#8217; good faith performance
of his duties or obligations rendered to the Company in his capacity as a director, officer, consultant, employee or representative
of the Company.</P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 20pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">6.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><U>Governing Law and Venue</U>.</TD>
</TR></TABLE>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 20pt">This Agreement and
all matters or issues collateral thereto shall be governed by and construed and enforced in accordance with the laws of the State
of Florida applicable to contracts made and performed entirely therein and all disputes under this Agreement shall be brought exclusively
before the courts of the State of Florida.</P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 20pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">7.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><U>Entire Understanding</U>.</TD>
</TR></TABLE>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 20pt">This Agreement contains
the entire understanding of the Parties hereto relating to the subject matter herein contained, and supersedes any and all prior
agreements, including the Hills Agreement, or understandings relating to the subject matter hereof. This Agreement may not be changed
except by a writing signed by the Party sought to be charged therewith.</P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 20pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">8.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><U>No Waiver</U>.</TD>
</TR></TABLE>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 20pt">No waiver by either Party, whether express or
implied, of any provisions of this Agreement or of any breach or default by either Party, shall constitute a continuing
waiver or a waiver of any other provision of this Agreement, and no such waiver by either Party shall prevent such Party from
enforcing any and all provisions of this Agreement or from acting upon the same or any subsequent breach or default of the
other Party. No waiver of any provision hereunder shall be effective unless it is in writing signed by the Party against whom
enforcement thereof is sought.</P>

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<P STYLE="margin: 0 0 0pt 0pt; text-align: justify"></P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 20pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">9.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><U>Separability</U>.</TD>
</TR></TABLE>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 20pt">The provisions set
forth in this Agreement shall be considered to be separable and independent of each other. In the event that any provision of this
Agreement shall be determined in any jurisdiction to be unenforceable, such determination shall not be deemed to affect the enforceability
of any other remaining provision and the Parties agree that any court making such a determination is hereby requested and empowered
to modify such provision and to substitute for such enforceable provision such limitation or provision of a maximum scope as the
court then deems reasonable and judicially enforceable and the Parties agree that such substitute provision shall be as enforceable
in said jurisdiction as if set forth initially in this Agreement. Any such substitute provision shall be applicable only in the
jurisdiction in which the original provision was determined to be unenforceable.</P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 20pt">&nbsp;</P>



<P STYLE="margin: 0 0 0pt 0pt; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">10.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><U>Obligations to Survive Releases</U>.</TD>
</TR></TABLE>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 20pt"><FONT STYLE="letter-spacing: -0.1pt">Notwithstanding
the Mutual Releases and Waivers contained in this Agreement, the Parties each agree that the agreements, promises, commitments,
representations, acknowledgements and confirmations made in this Agreement survive the date of this Agreement and shall be fully
effective and enforceable in the future.</FONT></P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 20pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">11.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">This Agreement may be executed in one or more counterparts, all of which shall be
considered one and the same agreement and shall become effective when one or more counterparts have been signed by each of the
Parties and delivered to the other Party, it being understood that all parties need not sign the same counterpart.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">12.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">This Agreement will be deemed executed when each party initials each page and signs
in the space proved below and provides the other party with the fully executed Agreement. Faxed signatures and initials shall
constitute originals for all purposes. In the event any party files a legal action to enforce any provision of this Agreement,
the prevailing party shall be entitled to all costs of suit, including all reasonable attorney&#8217;s fees.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">13.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Notwithstanding any provision herein to the contrary, the releases contained herein
do not apply to any claim for breach of any provision of this Agreement.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">14.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The parties collectively drafted this Agreement and in the event that any ambiguity
arises, there shall be no presumption against any individual party in that regard.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">15.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Notwithstanding any provision herein to the contrary, the provisions of this Agreement
are deemed effective as of November 21, 2014 (the &#8220;Effective Date&#8221;).</TD>
</TR></TABLE>


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<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 0pt"><B>IN WITNESS WHEREOF</B>, designated
representative of the Parties have hereunto set their hands as of date first set forth above.</P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 0pt"><B>SAFETY QUICK LIGHTING &amp; FANS
CORP.</B></P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 0pt">By: <U>&#9;<I>/s/ Rani Kohen</I>&#9;</U></P>

<P STYLE="margin: 0 0 0pt 20pt; text-align: justify; text-indent: 0pt">Rani Kohen, Chairman, on behalf
of the Company&#8217;s Board of Directors, which has reviewed this Agreement and ratified and affirmed such Agreement as represented
herein.</P>

<P STYLE="margin: 0 0 0pt 0pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0 0 0pt 20pt; text-align: justify; text-indent: 0pt"><U>&#9;<I>/s/ James R. Hills&#9;</I></U></P>

<P STYLE="margin: 0 0 0pt 20pt; text-align: justify; text-indent: 0pt">JAMES R. HILLS</P>

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<P STYLE="margin: 0 0 0pt 20pt; text-align: justify"></P>


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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.35
<SEQUENCE>8
<FILENAME>sfql043015posamex10_35.htm
<DESCRIPTION>EXECUTIVE EMPLOYMENT AGREEMENT
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY STYLE="font-size: 10pt">


<P STYLE="margin: 0 0 0pt; text-align: right; font-weight: bold">Exhibit 10.35</P>

<P STYLE="margin: 0 0 0pt; text-align: right">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: center"><B>EXECUTIVE EMPLOYMENT AGREEMENT</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 20pt">This Executive
Employment Agreement (the &quot;Agreement&quot;) dated November ___, 2014 by and between <B>Safety Quick Lighting &amp; Fans Corp</B>.,
a corporation duly organized under the laws of the state of Florida (together with its subsidiaries and predecessor companies
hereinafter referred to as the &quot;Company&quot;) and John P. Campi, a resident of the state of Georgia (hereinafter referred
to as the &quot;Executive&quot;).</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt"><B>NOW, THEREFORE</B>, the parties hereto agree as follows:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right"><B>1.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Employment</B>. Company hereby agrees to employ Executive as its Chief Executive
Officer and Executive hereby accepts such employment in accordance with the terms of this Agreement, and the terms of employment
applicable to regular employees of Company.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right"><B>2.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Duties of Executive</B>. The duties of Executive shall include the performance
of all of the duties typical of the office held by Executive as described in the bylaws of the Company and such other duties and
projects as may be assigned by the board of directors of the Company, if any. Executive shall perform all duties in a professional,
ethical and businesslike manner. Executive will devote the time required by the board to manage necessary company affairs. This
may require full time attention during peak levels of activity to accomplish. Executive shall perform such duties principally
from the Company&#8217;s offices in Atlanta, Georgia, subject to such reasonable travel as may be required. With the exception
of those listed on Exhibit A, during the term of this Agreement, Executive's direct or indirect engagement in any other businesses
or concerns in any capacity, either with or without compensation will require prior written consent of Company. This consent will
not be unreasonably withheld.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right"><B>3.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Compensation.&#9;</B>Executive shall be paid compensation during the term of this
Agreement as follows:</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">a)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">A base salary of one hundred and two thousand dollars per year, payable in installments
according to the Company's regular payroll schedule. The base salary shall be reviewed at the end of each year of service and
adjusted by the Company's Board of Directors at its sole discretion.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">b)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">A sign-on bonus of seven hundred and fifty thousand (750,000) shares of the Company's
common stock (&#8220;Sign-on Bonus&#8221;) to vest as follows: (these shares will be issued from (source)_ at a price of $xxx.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 40pt">&bull; 250,000 shares after
the first six months of employment,</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 40pt">&bull; 500,000 shares
on December 31, 2015,</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 40pt">&nbsp;</P>




<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">c)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">An &#8220;Incentive Compensation&#8221; with cash and stock option components equal
to:</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 40pt"><U>Cash:</U> </P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 40pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">(i)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">One-half of one-percent (0.005%) of the first $20,000,000 (twenty million dollars)
of the Company's annual gross revenue (as defined below) plus one quarter of one percent of revenue above the first $20,000,000:</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 60pt"><U>Gross Revenue&#9;Incentive Compensation Rate</U></P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 60pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 60pt">Up to $20,000,000&#9;0.0050 = $100,000.00</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 60pt">Over $20,000,000&#9;0.0025</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 60pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 60pt"><I>and</I></P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 60pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">(ii)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Three percent (3%) of the Company's annual net income (as defined below)</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 60pt">For the purposes of this Agreement,
the following definitions of terms shall apply:</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 60pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 60pt">Gross Revenue shall mean gross sales less any returns
and discounts.</P>

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<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; margin-left: 60pt">Net Income: shall mean Gross Revenue less
cost of manufacturing and transportation to port, selling costs, GE license fee, all operating and financing costs, bank fees,
depreciation, amortization and federal, state and local income taxes.</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 60pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 60pt"><U>Options:</U></P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 60pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 60pt">(i) Options to purchase shares of the Company's common
stock equal to one half of one percent (0.005) of quarterly net income, the strike prices of which will be determined at the time
of granting. Such options shall expire five years from grant and can be exercised after twelve months from date of issuance.</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 60pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 60pt">Payments of the cash components of
the incentive compensation shall be made within thirty (30) days after the Company's independent auditor (&#8220;Auditor&#8221;)
has completed its annual audit (&#8220;Audit&#8221;) for each applicable year. If the Audit in any applicable year has not been
completed within one-hundred and five (105) days (&#8220;Audit Date&#8221;) after the end of the Company&#8217;s fiscal year,
then the Company shall make a preliminary payment equal to fifty percent (50%) of the estimated amount due based upon the preliminary
adjusted net profits determined by the Auditor, and the payment of the balance, if any, paid with 48 hours following completion
of the Audit. In the event it is determined that the preliminary payment is greater than the amount of cash incentive compensation
due Executive based on the final Audit results, Executive shall return such excess amount of cash incentive compensation paid
to the Company within 48 hours following the completion of the Audit.</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 60pt">&nbsp;</P>




<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right"><B>4.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Benefits.</B></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">a)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Vacation</B>. Executive shall be entitled to five (5) weeks paid vacation days
each year.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">b)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Sick Leave</B>. Executive shall be entitled to sick leave and emergency leave according
to the regular policies and procedures of Company. Additional sick leave or emergency leave over and above paid leave provided
by the Company, if any, shall be unpaid and shall be granted at the discretion of the board of directors.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">c)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Medical and Group Life Insurance</B>. In the event the Company offers such a plan,
Company agrees to include Executive, at the Executive's option, in a group medical and hospital insurance plan the Company may
offer during this Agreement. Executive shall be responsible for payment of any federal or state income tax imposed upon these
benefits. The offering of a group medical and hospital insurance plan is at the discretion of the Company and NOT a condition
of employment by the Executive.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">d)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Expense Reimbursement</B>. Executive shall be entitled to reimbursement for all
reasonable expenses, including travel and entertainment, incurred by Executive in the performance of Executive's duties. Executive
will maintain records and written receipts as required by the Company policy and reasonably requested by the board of directors
to substantiate such expenses.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right"><B>5.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Initial Term</B>. The term of this Agreement shall, upon commencement, continue
in effect until December 31, 2015 (the &quot;Initial Tern&quot;). Following the expiration of the Initial Term, the Agreement
shall be renewed upon the mutual agreement of Executive and Company at least thirty (30) days in advance of expiration of the
Initial Term.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right"><B>6.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Termination</B></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">a)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Company may terminate Executive for cause. Cause shall be defined as:</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">(i)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">An act of fraud, embezzlement, theft or neglect of or refusal to substantially perform
the duties of Executive's employment which is materially injurious to the financial condition or business reputation of the Company;</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">(ii)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">A material violation of this Agreement by Executive, which is not cured within thirty
(30) days after written notice thereof;</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right">(iii)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Executive's death, disability or incapacity.</TD>
</TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">b)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">This Agreement and Executive's employment may be terminated at Company's Board of
Directors discretion during the Initial Term, provided that if Executive is terminated without cause, Company shall pay to Executive
an amount equal to six months&#8217; salary, or fifty one thousand dollars ($51,000). In addition, if Executive is terminated
without cause, five hundred thousand (500,000) of Executive's Sign-on Bonus shares, shall immediately vest. In the event of such
termination, Executive shall be entitled to the Incentive Compensation payment and other compensation then in effect, on a prorated
basis.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">c)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">This Agreement and Executive's employment may be terminated by the Company's Board
of Directors at its discretion at any time after the Initial Term, provided that in such case, Executive shall be paid fifty percent
(50%) of Executive's then applicable annual base salary. In the event of such a discretionary termination, Executive shall not
be entitled to receive any incentive salary payment or any other compensation then in effect, prorated or otherwise.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">d)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">This Agreement may be terminated by Executive at Executive's discretion by providing
at least thirty (30) days prior written notice to Company. In the event of termination by Executive pursuant to this subsection,
Company may immediately relieve Executive of all duties and immediately terminate this Agreement, provided that Company shall
pay Executive at the then applicable base salary rate to the termination date included in Executive's original termination notice.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">e)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">In the event Company is acquired, or is the non-surviving entity in a merger, or sells
all or substantially all of its assets, this Agreement, all of the provisions and rights provided herein shall survive. The Company
shall use its best efforts to ensure that the transferee or surviving company is bound by the provisions of this Agreement and
all shares grants will vest immediately.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right"><B>7.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Notices</B>. Any notice required by this Agreement or given in connection with
it, shall be in writing and shall be given to the appropriate party by personal delivery or by certified mail, postage prepaid,
or recognized overnight delivery services;</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 20pt">If to Company:</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 20pt">Safety Quick Lighting &amp; Fans Corp.</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 20pt">3060 Peachtree Road</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 20pt">Suite 390</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 20pt">Atlanta, GA 30305</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 20pt">If to Executive:</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 20pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 20pt">John P. Campi</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 20pt">5111 Greythorne Lane</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 20pt">Marietta, GA 30068</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 20pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right"><B>8.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Final Agreement</B>. This Agreement supersedes all prior understandings or agreements
on the subject matter hereof. This Agreement may be modified only in writing and that which is duly executed by both parties.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right"><B>9.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Governing Law</B>. This Agreement shall be construed and enforced in accordance
with the laws of the state of Florida.</TD>
</TR></TABLE>




<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right"><B>10.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Headings</B>. Headings used in this Agreement are provided for convenience only
and shall not be used to construe meaning or intent.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right"><B>11.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>No Assignment</B>. Neither this Agreement nor any or interest in this Agreement
may be assigned by Executive without the prior express written approval of Company, which may be withheld by Company at Company's
absolute and sole discretion.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right"><B>12.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Severability</B>. If any term of this Agreement is held by a court of competent
jurisdiction to be invalid or unenforceable, then this Agreement, including all of the remaining terms, shall remain in full force
and effect as if such invalid or unenforceable term had never been included.</TD>
</TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right"><B>13.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Arbitration</B>. The parties agree that they shall use their best efforts to amicably
resolve any dispute arising out of or relating to this Agreement. Any controversy, claim or dispute that cannot be so resolved
shall be settled by final binding arbitration in accordance with the rules of the American Arbitration Association and judgment
upon the award rendered by the arbitrator or arbitrators may be entered in any court having jurisdiction thereof. Any such arbitration
shall be conducted in the state of Florida, or such other place as may be mutually agreed upon by the parties. Within fifteen
(15) days after the commencement of the arbitration, each party shall select one person to act as arbitrator, and the two arbitrators
so selected shall select a third arbitrator within ten (10) days of their appointment. Each party shall bear its own costs and
expenses and an equal share of the arbitrator's expenses and administrative fees of arbitration.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: center; font-weight: bold"><B>******** Signature Page Follows ********</B></P>


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<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 0pt">IN WITNESS WHEREOF,
the parties hereto have executed this Agreement as of November 21, 2014.</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 0pt"><B>EXECUTIVE</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 0pt"><U>&#9;<I>/s/ John P. Campi&#9;</I></U></P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 0pt">John P. Campi</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 0pt">5111 Greythorne Lane</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 0pt">Marietta, Georgia 30068</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 0pt"><B>SAFETY QUICK LIGHTING &amp;
FANS CORP.</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 0pt"><B>3060 Peachtree Road</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 0pt"><B>Suite 390</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 0pt"><B>Atlanta, GA 30305</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 0pt"><U>&#9;<I>/s/ Rani Kohen&#9;</I></U></P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 0pt; margin-left: 0pt">Rani Kohen, Chairnan, on
behalf of the Company's Board of Directors, which has reviewed the Agreement and ratified and affirmed such Agreement as represented
herein.</P>

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<P STYLE="margin: 0 0 0pt; font-weight: bold; text-align: right">Exhibit 10.36</P>

<P STYLE="margin: 0 0 0pt; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0 0 0pt; font-weight: bold; text-align: center">AGREEMENT AND WAIVER</P>

<P STYLE="margin: 0 0 0pt; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0 0 0pt; text-align: justify"><B>THIS AGREEMENT
AND WAIVER </B>(this &#8220;Agreement&#8221;), dated as of December 10, 2014, is made by and between Safety Quick Lighting &amp;
Fans Corp., a Florida corporation (the &#8220;<FONT STYLE="font-weight: normal">Company&#8221;</FONT>) and the undersigned holder
of the Note (as hereinafter defined) (&#8220;Investor&#8221;, and together with the Company, the &#8220;<FONT STYLE="font-weight: normal">Parties</FONT>&#8221;,
and each, a &#8220;<FONT STYLE="font-weight: normal">Party</FONT>&#8221;).</P>

<P STYLE="margin: 0 0 0pt; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0 0 0pt; font-weight: bold; text-align: center"><B>RECITALS</B></P>

<P STYLE="margin: 0 0 0pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0 0 0pt; text-align: justify">WHEREAS,
on November 26, 2013, the Company issued to Investor that certain Secured Convertible Promissory Note in the principal amount
as specified therein (the &#8220;Note&#8221;);</P>

<P STYLE="margin: 0 0 0pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0 0 0pt; text-align: justify">WHEREAS,
the Note was issued in connection with the Company&#8217;s offering of up to $3,000,000 in secured convertible notes and warrants
to purchase shares of the Company&#8217;s common stock, which closed on November 26, 2013 (the &#8220;2013 Offering&#8221;);</P>

<P STYLE="margin: 0 0 0pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0 0 0pt; text-align: justify">WHEREAS,
pursuant to the 2013 Offering, the Investor and the Company entered into the Note, Common Stock Purchase Warrant, Note Subscription
Agreement, Security Purchase Agreement, and Registration Rights Agreement (collectively, the &#8220;2013 Offering Documents&#8221;);</P>

<P STYLE="margin: 0 0 0pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0 0 0pt; text-align: justify">WHEREAS,
pursuant to Section 1 and Section 6(i) of the Note, the Company is required to pay Investor all interest accrued under the Note
on the one year anniversary of the date funds were received from Investor (the &#8220;First Interest Payment&#8221;), and quarterly
thereafter (each, a &#8220;Quarterly Payment&#8221;), with each such payment being due by 1:00 p.m. New York time on the date
that such payment becomes due (each such date, a &#8220;Due Date&#8221;);</P>

<P STYLE="margin: 0 0 0pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0 0 0pt; text-align: justify">WHEREAS,
if the First Interest Payment is not paid under the Note by the Due Date, the interest rate of the Note shall increase by 2% above
the current interest rate and shall increase by 2% each thirty (30) day period thereafter until the First Interest Payment is
made (the &#8220;Penalty Interest&#8221;);</P>

<P STYLE="margin: 0 0 0pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0 0 0pt; text-align: justify">WHEREAS,
the Company has not made the First Interest Payment to Investor (the &#8220;Late Payment&#8221;);</P>

<P STYLE="margin: 0 0 0pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0 0 0pt; text-align: justify">WHEREAS,
the Company has requested that Investor waive the requirements of Section 6(i) to pay the First Interest Payment on the Due Date,
and to agree to amend the provision to extend the Due Date and the accrual of Penalty Interest to ninety (90) days following the
first anniversary of the Issuance Date of the Note;</P>

<P STYLE="margin: 0 0 0pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0 0 0pt; text-align: justify">WHEREAS,
the Company has requested that Investor waive and agree that the Late Payment shall not be deemed an Event of Default under Section
8 of the Note; and</P>

<P STYLE="margin: 0 0 0pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0 0 0pt; text-align: justify">WHEREAS,
pursuant to Section 13 of the Note, the waivers and amendments requested by the Company must also be consented to in writing by
the holders of a majority of the currently outstanding principal amount of all Notes issued pursuant to the 2013 Offering.</P>

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<P STYLE="margin: 0 0 0pt; text-align: justify"></P>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: center"><B>AGREEMENT</B></P>

<P STYLE="margin: 0 0 0pt; text-align: justify; font-size: 7pt">&nbsp;</P>

<P STYLE="margin: 0 0 0pt; text-align: justify"><B>NOW, THEREFORE</B>,
in consideration of the premises set forth above and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties agree as follows:</P>

<P STYLE="margin: 0 0 0pt; text-align: justify; font-size: 7pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">1.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><U>Definitions</U>. Capitalized terms used and not defined in this Agreement have
the respective meanings assigned to them in the Note.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">2.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><U>Waiver and Amendment of Section 6(i) of the Note</U>. Upon Effectiveness (as hereinafter
defined), the Company&#8217;s obligation to make the First Interest Payment on the Due Date, as provided under Section 6(i) of
the Note, is hereby waived, and for the purposes of the First Interest Payment and the first Quarterly Payment, the parties hereby
agree that the Due Date shall be extended by amendment of the Note to ninety (90) days following the first anniversary of the
Issuance Date of the Note (the &#8220;Extended Due Date&#8221;) and that the accrual of Penalty Interest for such payments shall
begin as of the Extended Due Date, with each subsequent Quarterly Payment to continue quarterly thereafter.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">3.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><U>Extension Penalty</U>. The Company shall pay an additional twelve percent (12%)
on all interest due under the First Interest Payment (the &#8220;Extension Penalty&#8221;). The Extension Penalty shall be payable,
upon Investor&#8217;s election, in cash on the Extended Due Date or in shares of the Company&#8217;s common stock at a conversion
price of twenty-five cents ($0.25) per share, issuable within thirty (30) days of the Extended Due Date. If the Company does not
receive notice from Investor in writing at least fifteen (15) days prior to the Extended Due Date of its election to receive the
Extension Penalty in cash, the Extension Penalty shall be payable in shares as set forth in this Section 3.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">4.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><U>Waiver of Default</U>. Upon Effectiveness, Investor hereby agrees that the Late
Payment, or any failure by the Company to make a payment of interest or penalties as of the date hereof and through the Extended
Due Date as provided in this Agreement or under the Note, shall not be deemed an &#8220;Event of Default&#8221; pursuant to Section
8 of the Note or any of the 2013 Offering Documents.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">5.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><U>Consent</U>. For purposes of satisfying Section 13 of the Note, the undersigned
Investor hereby consents to the amendments and waivers as provided in this Agreement and further consents to the amendments and
waivers associated with all other Notes issued in the 2013 Offering, on the same terms and conditions as provided in this Agreement.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">6.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><U>Effectiveness of Waiver</U>. This Agreement shall only become effective upon receipt
of the consents, as set forth in Section 13 of the Note and Section 5 hereof, from the holders of a majority of the currently
outstanding principal amount of Notes issued in the 2013 Offering (&#8220;Effectiveness&#8221;).</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">7.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><U>Limited Effect; No Modifications</U>. The waivers and amendment set forth above
shall be limited precisely as written and relate solely to the provisions of Sections 6(i) and Section 8 of the Note in the manner
and to the extent described above, and nothing in this Agreement shall be deemed to constitute a waiver of compliance by either
Party with respect to any other term, provision or condition of the Note or any of the 2013 Offering Documents or any other document
or instrument issued to Investor pursuant to the 2013 Offering. Except as set forth herein, nothing contained in this Agreement
will be deemed or construed to amend, supplement or modify the Note or otherwise affect the rights and obligations of any Party
thereto, all of which remain in full force and effect.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">8.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><U>Miscellaneous</U>.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">(a)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">This Agreement is governed by, and construed in accordance with, the laws of the State
of Florida, without regard to the conflict of laws provisions of such State.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">(b)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">This Agreement shall inure to the benefit of and be binding upon each of the Parties
and each of their respective permitted successors and permitted assigns.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">(c)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The headings in this Agreement are for reference only and do not affect the interpretation
of this Agreement.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">(d)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">This Agreement may be executed in counterparts, each of which is deemed an original,
but all of which constitutes one and the same agreement. Delivery of an executed counterpart of this Agreement electronically
or by facsimile shall be effective as delivery of an original executed counterpart of this Agreement.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">(e)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">This Agreement constitutes the sole and entire agreement of the Parties with respect
to the subject matter contained herein, and supersedes all prior and contemporaneous understandings, agreements, representations
and warranties, both written and oral, with respect to such subject matter.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0pt; text-align: center"><I>[Signatures
on following page]</I></P>


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<P STYLE="margin: 0 0 0pt; text-align: justify"><B>IN WITNESS WHEREOF</B>,
the Parties have executed this Agreement as of the date first written above.</P>

<P STYLE="margin: 0 0 0pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0 0 0pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0 0 0pt; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font-size: 10pt; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold">THE COMPANY:</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">SAFETY QUICK LIGHTING &amp; FANS CORP.</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 40%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>John P. Campi</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Chief Executive Officer</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold">INVESTOR:</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-style: italic">(entity name, if applicable)</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Print Name:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0 0 0pt; text-align: justify"></P>

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end
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<DOCUMENT>
<TYPE>EX-10.37
<SEQUENCE>11
<FILENAME>sfql043015posamex10_37.htm
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
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<BODY STYLE="font-size: 10pt">


<P STYLE="margin: 0; text-align: right">January 23, 2015</P>

<P STYLE="margin: 0; text-align: justify">[NOTEHOLDER]</P>

<P STYLE="margin: 0; text-align: justify">[ADDRESS]</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">Dear [NOTEHOLDER],</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">In my December 11, 2014 communication to you,
I told you that Safety Quick Lighting &amp; Fans Corp. (the &#8220;Company&#8221;, &#8220;we&#8221;, &#8220;us&#8221; or &#8220;our&#8221;)
was scheduled to make its first interest payment under the Secured Convertible Promissory Note dated November 26, 2013 (the &#8220;Note&#8221;)
issued to [NOTEHOLDER] on the one year anniversary of the date that you submitted payment for your Note. In the communication,
among other things, we requested that you grant the Company a grace period (the &#8220;Extension&#8221;), deferring the Company&#8217;s
obligation to make payment of the interest that was due to you under the Note as of November 26, 2014 (the &#8220;Interest Due&#8221;)
until February 24, 2015, during which time the deferment of interest payment would not be considered an Event of Default as defined
in the Note. In return for granting the Extension, we offered to capitalize the Interest Due at a rate of 12% (the &#8220;Additional
Interest&#8221;) and offered you the right to convert the Additional Interest into shares of the Company&#8217;s common stock at
the conversion price of $0.25 per share any time up to and including February 24, 2014.</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">We sought the Extension to provide sufficient
time to formulate my strategic plan for the roll-out of products using our patented technology and in an effort to conserve capital
as we advance the commercialization of our technology and products. The Extension does not alter the amount of interest due to
you under your Note; it only modifies the timing of payments.</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">On December 11, 2014, we also sent to you an
Agreement and Waiver signed by the Company to effectuate the Extension and the Additional Interest (the &#8220;Agreement &amp;
Waiver&#8221;), and asked that you return a signed copy if you were in agreement with its terms. [By this letter, we acknowledge
receipt of your signed Agreement &amp; Waiver.][Enclosed is a signed Agreement &amp; Waiver, please return a copy in the enclosed
self-addressed return envelope if you agree with its terms.][We received notice from you in [DATE], declining the Agreement &amp;
Waiver and indicating your preference to receive the Interest Due in cash, which was paid to you in the amount of [AMOUNT].]</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">As we have discussed with some of the Note
holders, and as is more fully described in the Company&#8217;s Registration Statement on Form S-1 (the &#8220;Registration Statement&#8221;)
filed with the U.S. Securities and Exchange Commission (the &#8220;SEC&#8221;) on August 1, 2014, as amended, and declared effective
on October 22, 2014, the following penalties due to you have accrued under the Registration Rights Agreement between the Company
and you (the &#8220;RRA&#8221;) as a consequence of the Company&#8217;s inability to file the Registration Statement and have it
declared effective by the dates set forth in the RRA.</P>

<P STYLE="margin: 0; font-style: ; font-variant: ; font-weight: ; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-style: ; font-variant: ; font-weight: ; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 52%; padding-bottom: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 20%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Amount ($)</B></FONT></TD>
    <TD STYLE="width: 23%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Equivalent Shares</B></FONT></TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Principal Investment</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>$[AMOUNT]</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>[SHARES]</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 10.2pt; text-align: left; text-indent: -10.2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 10.2pt; text-align: left; text-indent: -10.2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">[&nbsp;&nbsp;]% Interest Due as of November 26, 2014</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$[AMOUNT]</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">[SHARES]</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 10.2pt; text-align: left; text-indent: -10.2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Penalty for Late Registration Filing <SUP>1</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$[AMOUNT]</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">[SHARES]</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 10.2pt; text-align: left; text-indent: -10.2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Penalty for Late Registration Effectiveness <SUP>2</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$[AMOUNT]</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">[SHARES]</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 10.2pt; text-align: left; text-indent: -10.2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Total Penalties and Interest</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>$[AMOUNT] </B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>[SHARES]</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
</TABLE>
<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">Please note, if you signed and delivered to
the Company the Agreement &amp; Waiver, the Additional Interest, not listed above, will also accrue on the Interest Due at a rate
of 12% until paid in shares of the Company&#8217;s common stock, or in cash if you have so elected, on or about February 24, 2015.</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify"><B>The Company invites you to convert the Interest Due into <U>[SHARES]</U> shares of
the Company&#8217;s common stock, and the penalties for Late Registration Filing and Late Registration Effectiveness accrued under
the RRA into <U>[SHARES]</U> shares of the Company&#8217;s common stock, in lieu of cash as payment, at the conversion price of
$0.25 per share.</B></P>

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<P STYLE="margin: 0; text-align: justify"></P>

<P STYLE="margin: 0; text-align: justify"><B>While this invitation will remain open until
February 24, 2015, we ask that you respond promptly by indicating whether you accept or decline the Company&#8217;s invitation
below, and returning one fully executed copy of this letter in the enclosed self-addressed return envelope. We also ask that you
scan a copy of the fully executed letter and email it to [CONTACT].</B></P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">If you accept the Company&#8217;s invitation
to receive shares of the Company&#8217;s common stock in lieu of cash for the Late Registration Filing and Late Registration Effectiveness
accrued under the RRA, we will instruct the Company&#8217;s transfer agent to issue the shares to you within thirty (30) days following
February 24, 2015.</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">This letter agreement may be executed in separate
counterparts (including by facsimile or other electronic transmission), each of which shall be deemed to be an original but together
shall constitute but one and the same instrument.</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; font-weight: ; font-style: ; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right"><FONT STYLE="font-size: 10pt">1</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">This amount reflects penalties accrued under the RRA.
Because the Company was unable to file its Registration Statement with SEC by the Mandatory Filing Date (as defined in Section
2(a) of the RRA), penalties equal to 2% of the aggregate gross proceeds of your Note accrued for each 30 day period until the
Registration Statement was filed with the SEC on August 1, 2014.</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; font-weight: ; font-style: ; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right"><FONT STYLE="font-size: 10pt">2</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">This amount reflects penalty interest accrued under
the RRA. Because the Company was unable to have its Registration Statement declared effective by the SEC by the Mandatory Effectiveness
Date (as defined in Section 2(a) of the RRA), the interest rate of your Note increased by 2% each 30 day period until the Registration
Statement was declared effective on October 22, 2014.</FONT></TD>
</TR></TABLE>

<P STYLE="margin: 0; text-align: justify"></P>

<P STYLE="margin: 0; text-align: justify">On behalf of our management team and our Board
of Directors, thank you for your investment in Safety Quick Lighting &amp; Fans Corp. As noted in our December 19, 2014 conference
call, the Company has entered its commercialization phase, and we look forward to keeping you abreast of its progress.</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">&#9;Sincerely,</P>

<P STYLE="margin: 0; text-align: justify">&#9;<U>/s/ John P. Campi&#9;</U></P>

<P STYLE="margin: 0; text-align: justify">&#9;John P. Campi, Chief Executive Officer</P>

<P STYLE="margin: 0; text-align: justify">&#9;Safety Quick Lighting &amp; Fans Corp.</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify"><B>AGREED AND ACCEPTED BY:</B></P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">[ENTITY]</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify">I, [NAME, an authorized representative of NOTEHOLDER], __ accept / __ decline
(please check one) the Company&#8217;s invitation, and instruct the Company to convert the Interest Due under the Note into [SHARES]
shares of the Company&#8217;s common stock, in lieu of cash as payment, at the conversion price of $0.25 per share and pursuant
to the terms hereof.</P>

<P STYLE="margin: 0; text-align: justify">&#9;By:&#9;<U>&#9;</U></P>

<P STYLE="margin: 0; text-align: justify">&#9;Name:&#9;<U>&#9;</U></P>

<P STYLE="margin: 0; text-align: justify">&#9;Title:&#9;<U>&#9;</U></P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify"><B>AGREED AND ACCEPTED BY:</B></P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">[ENTITY]</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify">I, [NAME, an authorized representative of NOTEHOLDER], __ accept / __ decline
(please check one) the Company&#8217;s invitation, and instruct the Company to convert the penalties for Late Registration Filing
and Late Registration Effectiveness accrued under the RRA into SHARES] shares of the Company&#8217;s common stock, in lieu of
cash as payment, at the conversion price of $0.25 per share and pursuant to the terms hereof.</P>

<P STYLE="margin: 0; text-align: justify">&#9;By:&#9;<U>&#9;</U></P>

<P STYLE="margin: 0; text-align: justify">&#9;Name:&#9;<U>&#9;</U></P>

<P STYLE="margin: 0; text-align: justify">&#9;Title:&#9;<U>&#9;</U></P>

<P STYLE="margin: 0; font-style: ; font-variant: ; font-weight: ; text-align: left"></P>

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<DOCUMENT>
<TYPE>EX-10.38
<SEQUENCE>12
<FILENAME>sfql043015posamex10_38.htm
<TEXT>
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<P STYLE="margin: 0; text-align: right">January 23, 2015</P>

<P STYLE="margin: 0; text-align: justify">[NOTEHOLDER]</P>

<P STYLE="margin: 0; text-align: justify">[ADDRESS]</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">Dear [NOTEHOLDER],</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">In an effort to conserve capital as we advance
the commercialization of Safety Quick Lighting &amp; Fans Corp.&#8217;s (the &#8220;Company&#8217;s&#8221;, &#8220;we&#8221;,
&#8220;us&#8221; or &#8220;our&#8221;) technology and products, I write to [NOTEHOLDER] (hereinafter referred to as &#8220;you&#8221;)
on behalf of the Company. The Company wishes to extend an invitation to convert certain penalties due by virtue of the Company&#8217;s
Secured Convertible Promissory Note dated May 8, 2014 and issued to you (the &#8220;Note&#8221;).</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">As we have discussed with some of the Note
holders, and as is more fully described in the Company&#8217;s Registration Statement on Form S-1 (the &#8220;Registration Statement&#8221;)
filed with the U.S. Securities and Exchange Commission (the &#8220;SEC&#8221;) on August 1, 2014, as amended, and declared effective
on October 22, 2014, the following penalties due to you have accrued under the Registration Rights Agreement between the Company
and you (the &#8220;RRA&#8221;) as a consequence of the Company&#8217;s inability to file the Registration Statement and have
it declared effective by the dates set forth in the RRA.</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</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 STYLE="width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 51%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 20%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><B>Amount
    ($)</B></TD>
    <TD STYLE="width: 24%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><B>Equivalent
    Shares</B></TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><B>Principal Investment</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><B>$[AMOUNT]</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><B>[SHARES]</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 10.2pt; text-align: left; text-indent: -10.2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 10.2pt; text-align: left; text-indent: -10.2pt">Penalty for Late Registration
    Filing <SUP>1</SUP></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">$[AMOUNT]</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">[SHARES]</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 10.2pt; text-align: left; text-indent: -10.2pt">Penalty for Late Registration
    Effectiveness <SUP>2</SUP></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">$[AMOUNT]</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">[SHARES]</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 10.2pt; text-align: left; text-indent: -10.2pt"><B>Total Penalties</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><B>$[AMOUNT]</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><B>[SHARES]</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
</TABLE>
<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify"><B>The Company invites you to convert the
penalties for Late Registration Filing and Late Registration Effectiveness accrued under the RRA into [SHARES] shares of the Company&#8217;s
common stock, in lieu of cash as payment, at the conversion price of $0.25 per share. </B></P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify"><B>While this invitation will remain open
until February 24, 2015, we ask that you respond promptly by indicating whether you accept or decline the Company&#8217;s invitation
below, and returning one fully executed copy of this letter in the enclosed self-addressed return envelope. We also ask that you
scan a copy of the fully executed letter and email it to [CONTACT].</B></P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">If you accept the Company&#8217;s invitation
to receive shares of the Company&#8217;s common stock in lieu of cash for the Late Registration Filing and Late Registration Effectiveness
accrued under the RRA, we will instruct the Company&#8217;s transfer agent to issue the shares to you within thirty (30) days
following February 24, 2015.</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">This letter agreement may be executed in separate
counterparts (including by facsimile or other electronic transmission), each of which shall be deemed to be an original but together
shall constitute but one and the same instrument.</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">On behalf of our management team and our Board
of Directors, thank you for your investment in Safety Quick Lighting &amp; Fans Corp. As noted in our December 19, 2014 conference
call, the Company has entered its commercialization phase, and we look forward to keeping you abreast of its progress.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">&#9;Sincerely,</P>

<P STYLE="margin: 0; text-align: justify">&#9;<U>/s/ John P. Campi&#9;</U></P>

<P STYLE="margin: 0; text-align: justify">&#9;John P. Campi, Chief Executive Officer</P>

<P STYLE="margin: 0; text-align: justify">&#9;Safety Quick Lighting &amp; Fans Corp.</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify"><B></B></P>

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<P STYLE="margin: 0; text-align: justify"><B>AGREED AND ACCEPTED BY:</B></P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">[ENTITY]</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify; text-indent: 0pt">I, [NAME, an authorized representative of NOTEHOLDER], __ accept / __ decline (please
check one) the Company&#8217;s invitation, and instruct the Company to convert the penalties for Late Registration Filing and
Late Registration Effectiveness accrued under the RRA into [SHARES] shares of the Company&#8217;s common stock, in lieu of cash
as payment, at the conversion price of $0.25 per share and pursuant to the terms hereof.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#9;By:&#9;<U>&#9;</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#9;Name:&#9;<U>&#9;</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#9;Title:&#9;<U>&#9;</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">1</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">This amount reflects penalties accrued under the RRA. Because the Company was unable
to file its Registration Statement with SEC by the Mandatory Filing Date (as defined in Section 2(a) of the RRA), penalties equal
to 2% of the aggregate gross proceeds of your Note accrued for each 30 day period until the Registration Statement was filed with
the SEC on August 1, 2014.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">2</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">This amount reflects penalty interest accrued under the RRA. Because the Company was
unable to have its Registration Statement declared effective by the SEC by the Mandatory Effectiveness Date (as defined in Section
2(a) of the RRA), the interest rate of your Note increased by 2% each 30 day period until the Registration Statement was declared
effective on October 22, 2014.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>


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<DOCUMENT>
<TYPE>EX-23.2
<SEQUENCE>13
<FILENAME>sfql043015posamex23_2.htm
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<P STYLE="margin: 0; text-align: right; font-size: 10pt">7951 SW 6th St., Suite. 216</P>

<P STYLE="margin: 0; text-align: right; font-size: 10pt">Plantation, FL 33324</P>

<P STYLE="margin: 0; text-align: right; font-size: 10pt">Tel: 954-424-2345</P>

<P STYLE="margin: 0; text-align: right; font-size: 10pt">Fax: 954-424-2230</P>

<P STYLE="margin: 0; text-align: right; font-size: 10pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-size: 10pt">REPORT OF INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM</P>

<P STYLE="margin: 0; text-align: right; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify; font-size: 10pt">To the Board of Directors and Shareholders&nbsp;</P>

<P STYLE="margin: 0; text-align: justify; font-size: 10pt">Safety
Quick Lighting &amp; Fans Corp. and Subsidiary</P>

<P STYLE="margin: 0; text-align: justify; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify; font-size: 10pt">We
have audited the accompanying consolidated balance sheets of Safety Quick Lighting &amp; Fans Corp. and Subsidiary (&#8220;the
Company&#8221;) as of December 31, 2014 and 2013 and the related consolidated statements of operations, stockholders&#8217; deficit,
and consolidated cash flows for the years ended December 31, 2014 and 2013. These consolidated financial statements are the responsibility
of the Company&#8217;s management. Our responsibility is to express an opinion on these consolidated financial statements based
on our audits.</P>

<P STYLE="margin: 0; text-align: justify; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify; font-size: 10pt">We
conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards
require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material
misstatement. The Company is not required to have, nor were we engaged to perform, an audit of their internal control over financial
reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures
that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company&#8217;s
internal control over financial reporting. Accordingly, we express no such opinion. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant
estimates made by the management, as well as evaluating the overall financial statement presentation. We believe that our audit
provides a reasonable basis for our opinion.</P>

<P STYLE="margin: 0; text-align: justify; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify; font-size: 10pt">In
our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated
financial position of the Company as of December 31, 2014 and 2013, and the results of its operations, changes in stockholders&#8217;
deficit and cash flows for the years ended December 31, 2014 and 2013 in conformity with accounting principles generally accepted
in the United States of America.</P>

<P STYLE="margin: 0; text-align: justify; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify; font-size: 10pt">The accompanying consolidated financial statements have been prepared
assuming that the Company will continue as a going concern. As discussed in Note 14 to the consolidated financial statements,
the Company has insufficient working capital, a stockholders&#8217; deficit and recurring net losses, which raises substantial
doubt about its ability to continue as a going concern. Management&#8217;s plans regarding those matters also are described in
Note 14. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.</P>

<P STYLE="margin: 0; text-align: justify; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify; font-size: 10pt">/s/&nbsp;Bongiovanni &amp; Associates,
PA</P>

<P STYLE="margin: 0; text-align: justify; font-size: 10pt">Bongiovanni &amp; Associates, PA</P>

<P STYLE="margin: 0; text-align: justify; font-size: 10pt">Certified Public Accountants</P>

<P STYLE="margin: 0; text-align: justify; font-size: 10pt">Plantation, Florida</P>

<P STYLE="margin: 0; text-align: justify; font-size: 10pt">The United States of America&nbsp;</P>


<P STYLE="margin: 0; text-align: justify; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0; text-align: right; font-size: 10pt">www.ba-cpa.net &nbsp;</P>


<P STYLE="margin: 0; text-align: justify; font-size: 10pt">March 31, 2015</P>

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