<SEC-DOCUMENT>0001213900-18-007884.txt : 20180619
<SEC-HEADER>0001213900-18-007884.hdr.sgml : 20180619
<ACCEPTANCE-DATETIME>20180619161018
ACCESSION NUMBER:		0001213900-18-007884
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20180619
DATE AS OF CHANGE:		20180619

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PeerStream, Inc.
		CENTRAL INDEX KEY:			0001355839
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				203191847
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-86122
		FILM NUMBER:		18907241

	BUSINESS ADDRESS:	
		STREET 1:		122 E 42ND ST
		STREET 2:		SUITE 2600
		CITY:			NEW YORK,
		STATE:			NY
		ZIP:			10168
		BUSINESS PHONE:		(212) 594-5050

	MAIL ADDRESS:	
		STREET 1:		122 E 42ND ST
		STREET 2:		SUITE 2600
		CITY:			NEW YORK,
		STATE:			NY
		ZIP:			10168

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Snap Interactive, Inc
		DATE OF NAME CHANGE:	20071121

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	eTwine Holdings, Inc
		DATE OF NAME CHANGE:	20060310

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Lerner Clifford
		CENTRAL INDEX KEY:			0001373589

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	MAIL ADDRESS:	
		STREET 1:		462 7TH AVENUE, 4TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10018
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>sc13d0618a7lerner_peerstream.htm
<DESCRIPTION>AMENDMENT NO. 7 TO SCHEDULE 13D
<TEXT>
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<P STYLE="margin: 0"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE 13D</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Under the Securities Exchange Act of
1934 </B><BR>
<B>(Amendment No. 7)</B> *</P>

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

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

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

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

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Title of Class of Securities)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>70555R102</B></P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">2323 Victory Avenue, Suite 700</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Dallas, Texas 75219</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(214) 651-5000&nbsp;</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Name, Address
and Telephone Number of Person Authorized to Receive Notices and Communications)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>June 15, 2018</B></P>

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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Date of Event which Requires Filing of
this Statement)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If the filing person has previously filed
a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because
of &sect;&sect;240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. <FONT STYLE="font-family: Wingdings">&uml;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note</B>: Schedules filed in paper format
shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom
copies are to be sent.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>*</SUP></FONT>
The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject
class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior
cover page.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The information required on the remainder
of this cover page shall not be deemed to be &ldquo;filed&rdquo; for the purpose of Section 18 of the Securities Exchange Act of
1934 (&ldquo;Act&rdquo;) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).</P>

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

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

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


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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="border: black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CUSIP No. 70555R102&#9;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border: Black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1. Names of Reporting Persons.&#9;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Clifford Lerner&#9;</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2. Check the Appropriate Box if a Member of a Group (See Instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)
        </FONT><FONT STYLE="font-family: Wingdings">o</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)
        </FONT><FONT STYLE="font-family: Wingdings">&thorn;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">3. SEC Use Only</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">4. Source of Funds (See Instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>PF, OO</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) </FONT><FONT STYLE="font: 10pt Wingdings">o</FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">6. Citizenship or Place of Organization</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>United States</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD ROWSPAN="4" STYLE="width: 13%; border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; font-size: 10pt"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Number of</FONT><BR> <FONT STYLE="font: 10pt Times New Roman, Times, Serif">Shares</FONT><BR> <FONT STYLE="font: 10pt Times New Roman, Times, Serif">Beneficially</FONT><BR> <FONT STYLE="font: 10pt Times New Roman, Times, Serif">Owned by</FONT><BR> <FONT STYLE="font: 10pt Times New Roman, Times, Serif">Each</FONT><BR> <FONT STYLE="font: 10pt Times New Roman, Times, Serif">Reporting</FONT><BR> <FONT STYLE="font: 10pt Times New Roman, Times, Serif">Person With</FONT></P></TD>
    <TD STYLE="width: 87%; border-bottom: black 1.5pt solid; border-right: black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">7. Sole Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>755,166 (1) </B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1.5pt solid; border-right: black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">8. Shared Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>0</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1.5pt solid; border-right: black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">9. Sole Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>596,595</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1.5pt solid; border-right: black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">10. Shared Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>0</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">11. Aggregate Amount Beneficially Owned by Each Reporting Person</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>755,166 (1)</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.
        Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) </FONT><FONT STYLE="font-family: Wingdings">o</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">13. Percent of Class Represented by Amount in Row (11)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>10.97% (3)</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">14. Type of Reporting Person (See Instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>IN</B></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>





<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(1) Includes (i) 158,571 unvested shares
of restricted stock granted by the Issuer to the Reporting Person and (ii) a fully vested stock option representing the right to
purchase 1,428 shares of the Issuer&rsquo;s Common Stock. Pursuant to the terms of the Reporting Person&rsquo;s restricted stock
grants, the Reporting Person has the right to vote the unvested restricted stock but may only dispose of the stock after it vests.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(2) The percentage is calculated based
on 6,883,722 shares of the Issuer&rsquo;s Common Stock, including (i) 6,723,723 shares of Common Stock reported as outstanding
as of May 4, 2018 on the Issuer&rsquo;s Quarterly Report on Form 10-Q for the quarter ended March 31, 2018, filed with the Commission
on May 9, 2018, (ii) 158,571 shares of unvested restricted stock and (iii) 1,428 shares of Common Stock deemed to be beneficially
owned by the Reporting Person for purposes of this filing.</P>

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


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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Amendment No.
7 (this &ldquo;<U>Amendment</U>&rdquo;) reflects changes to the information in the Schedule 13D relating to the Common Stock of
the Issuer filed by the Reporting Person with the Commission on March 4, 2011, as amended by Amendment No. 1 to Schedule 13D filed
by the Reporting Person with the Commission on December 19, 2011, Amendment No. 2 to Schedule 13D filed by the Reporting Person
with the Commission on April 12, 2013, Amendment No. 3 to Schedule 13D filed by the Reporting Person with the Commission on March
7, 2016, Amendment No. 4 to Schedule 13D filed by the Reporting Person with the Commission on October 12, 2016, Amendment No. 5
to Schedule 13D filed by the Reporting Person with the Commission on December 18, 2017 and Amendment No. 6 (&ldquo;<U>Amendment
No. 6</U>&rdquo;) to Schedule 13D filed by the Reporting Person with the Commission on May 10, 2018 (as amended, the &ldquo;<U>Schedule
13D</U>&rdquo;). Each capitalized term used and not defined herein shall have the meaning assigned to such term in the Schedule
13D. Except as otherwise provided herein, each Item of the Schedule 13D remains unchanged.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Amendment is being
filed to disclose an amendment to the MOU and the entry by the Reporting Person into certain agreements with the Issuer. The Reporting
Person&rsquo;s intent to enter into such agreements was disclosed in Amendment No. 6.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Item 4. Purpose of Transaction.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Item 4 of the Schedule 13D is hereby amended and supplemented to add the following information as of the date hereof:</P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>Amended and Restated
MOU</I></B>. On May 8, 2018, the Reporting Person entered into the MOU with the Issuer, a description of which was included in
Amendment No. 6. On June 15, 2018, the Reporting Person and the Issuer amended and restated the MOU (the &ldquo;<U>Amended and
Restated MOU</U>&rdquo;) to, among other things, further prohibit the Reporting Person from selling his shares of the Issuer&rsquo;s
Common Stock prior to October 31, 2018 and include a covenant to allow the Reporting Person to participate if the Issuer determines
to conduct a future registered public secondary offering of its Common Stock. The description of the Amended and Restated MOU is
qualified in its entirety by reference to the full text of the Amended and Restated MOU, a copy of which is filed as Exhibit 99.12
to this Amendment and is incorporated by reference herein.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>Consulting Agreement</I></B>.
On June 15, 2018, the Reporting Person entered into the Consulting Agreement with the Issuer. A description of the terms of the
Consulting Agreement was included in Amendment No. 6 and is incorporated by reference herein. The description of the Consulting
Agreement is qualified in its entirety by reference to the full text of the Consulting Agreement, a copy of which is filed as Exhibit
99.13 to this Amendment and is incorporated by reference herein.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>Amendment to
Registration Rights Agreement</I></B>. On June 15, 2018, the Reporting Person entered into an amendment to the Registration Rights
Agreement (the &ldquo;<U>Registration Rights Amendment</U>&rdquo;) with the Issuer. A description of the terms of the Registration
Rights Amendment was included in Amendment No. 6 and is incorporated by reference herein. The description of the Registration Rights
Amendment is qualified in its entirety by reference to the full text of the Registration Rights Amendment, a copy of which is filed
as Exhibit 99.14 to this Amendment and is incorporated by reference herein.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>Amendments to
Restricted Stock Award Agreements</I></B>. On June 15, 2018, the Reporting Person entered into amendments to the Award Agreement
and the 2016 Restricted Stock Award Agreement (together, the &ldquo;<U>Second Restricted Stock Award Amendments</U>&rdquo;) with
the Issuer.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to the Second
Restricted Stock Award Amendments, the Reporting Person&rsquo;s unvested shares of restricted Common Stock will continue to vest
as scheduled, and the Issuer will be required, in order to assist the Reporting Person in satisfying his tax withholding obligations
with respect to such shares of restricted Common Stock that vest on the second anniversary of the Merger, to withhold a number
of shares of restricted Common Stock that would otherwise be acquired by the Reporting Person upon such vesting with a fair market
value equal to the lesser of (i) the Reporting Person&rsquo;s tax withholding obligation with respect to the vesting shares and
(ii) $100,000, with the remaining amount of the tax withholding obligation, if any, payable by the Reporting Person.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The foregoing description of the Second
Restricted Stock Award Amendments is qualified in its entirety by reference to the full text of the Second Restricted Stock Award
Amendments, copies of which are filed as Exhibits 99.15 and 99.16 to this Amendment and are incorporated by reference herein.</P>



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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -1in"><B>Item 6. Contracts,
Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Item 6 of the Schedule 13D is hereby amended and supplemented to add the following information as of the date hereof:</P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Amended and Restated MOU</I></B>.
The information reported under the caption &ldquo;Amended and Restated MOU&rdquo; in Item 4 of this filing is hereby incorporated
by reference into this Item 6.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Consulting Agreement</I></B>. The
information reported under the caption &ldquo;Consulting Agreement&rdquo; in Item 4 of this filing is hereby incorporated by reference
into this Item 6.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Amendment to Registration Rights
Agreement</I></B>. The information reported under the caption &ldquo;Amendment to Registration Rights Agreement&rdquo; in Item
4 of this filing is hereby incorporated by reference into this Item 6.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Amendments to Restricted Stock Award
Agreements</I></B>. The information reported under the caption &ldquo;Amendments to Restricted Stock Award Agreements&rdquo; in
Item 4 of this filing is hereby incorporated by reference into this Item 6.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -1in"><B>Item 7. Material
to be Filed as Exhibits.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Item 7 of the Schedule 13D is hereby amended and restated as follows:</P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following exhibits
are filed as exhibits hereto:</P>



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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD STYLE="width: 9%; padding-top: 0; padding-right: 0; border-bottom: Black 1.5pt solid; padding-left: 0; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Exhibit</B></FONT></TD>
    <TD STYLE="width: 1%; padding: 0 0 1.5pt; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 90%; padding-top: 0; padding-right: 0; border-bottom: Black 1.5pt solid; padding-left: 0; text-indent: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Description of Exhibit</B></FONT></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>99.1</B></FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0; text-align: justify"><A HREF="http://www.sec.gov/Archives/edgar/data/1104403/000121390011006572/sc13d1211ex99iiilerner_snap.htm"><FONT STYLE="font-size: 10pt">Restricted Stock Award Agreement (incorporated by reference
    to Exhibit 99.5 to the Schedule 13D filed on December 14, 2011 by the Reporting Person with the SEC).</FONT></A></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>99.2</B></FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0; text-align: justify"><A HREF="http://www.sec.gov/Archives/edgar/data/1355839/000121390016011375/f8k030316ex10ii_snapinter.htm"><FONT STYLE="font-size: 10pt">Restricted Stock Cancellation and Release Agreement,
    dated as of March 3, 2016, by and between the Reporting Person and the Issuer (incorporated by reference to Exhibit 10.2 to
    the Current Report on Form 8-K of the Issuer filed on March 7, 2016 by the Issuer with the SEC).</FONT></A></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>99.3</B></FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0; text-align: justify"><A HREF="http://www.sec.gov/Archives/edgar/data/1355839/000121390011002910/fs8052311ex99iii_snap.htm"><FONT STYLE="font-size: 10pt">Form of Restricted Stock Award Agreement (incorporated
    by reference to Exhibit 99.3 to the Registration Statement on Form S-8 (File No. 333-174456) of the Issuer filed on May 24,
    2011 by the Issuer with the SEC).</FONT></A></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>99.4</B></FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0; text-align: justify"><A HREF="http://www.sec.gov/Archives/edgar/data/1355839/000121390011002910/fs8052311ex99iv_snap.htm"><FONT STYLE="font-size: 10pt">Form of Nonqualified Stock Option Agreement (incorporated
    by reference to Exhibit 99.4 to the Registration Statement on Form S-8 (File No. 333-174456) of the Issuer filed on May 24,
    2011 by the Issuer with the SEC).</FONT></A></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>99.5</B></FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0; text-align: justify"><A HREF="http://www.sec.gov/Archives/edgar/data/1355839/000121390016016762/f8k091316ex2i_snapinter.htm"><FONT STYLE="font-size: 10pt">Agreement and Plan of Merger, dated as of September 13,
    2016, by and among PeerStream, Inc., SAVM Acquisition Corporation, A.V.M. Software, Inc., and Jason Katz, as the representative
    of A.V.M. Software, Inc. (incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K of the Issuer filed on
    September 14, 2016 by the Issuer with the SEC).</FONT></A></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>99.6</B></FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0; text-align: justify"><A HREF="http://www.sec.gov/Archives/edgar/data/1355839/000121390016017400/f8k100716ex10v_snap.htm"><FONT STYLE="font-size: 10pt">Employment Agreement, dated October 7, 2016, by and between
    the Issuer and the Reporting Person (incorporated by reference to Exhibit 10.5 to the Current Report on Form 8-K of the Issuer
    filed on October 11, 2016 by the Issuer with the SEC).</FONT></A></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>99.7</B></FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0; text-align: justify"><A HREF="http://www.sec.gov/Archives/edgar/data/1355839/000121390016017400/f8k100716ex10ii_snap.htm"><FONT STYLE="font-size: 10pt">Registration Rights Agreement, dated October 7, 2016,
    by and between the Issuer and the Reporting Person (incorporated by reference to Exhibit 10.2 to the Current Report on Form
    8-K of the Issuer filed on October 11, 2016 by the Issuer with the SEC).</FONT></A></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>99.8</B></FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0; text-align: justify"><A HREF="http://www.sec.gov/Archives/edgar/data/1355839/000121390016017400/f8k100716ex10vi_snap.htm"><FONT STYLE="font-size: 10pt">First Amendment to Restricted Stock Award Agreement,
    dated October 7, 2016, by and between the Issuer and the Reporting Person (incorporated by reference to Exhibit 10.6 to the
    Current Report on Form 8-K of the Issuer filed on October 11, 2016 by the Issuer with the SEC).</FONT></A></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>99.9</B></FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0; text-align: justify"><A HREF="http://www.sec.gov/Archives/edgar/data/1355839/000121390016017400/f8k100716ex10vii_snap.htm"><FONT STYLE="font-size: 10pt">First Amendment to Restricted Stock Award Agreement,
    dated October 7, 2016, by and between the Issuer and the Reporting Person (incorporated by reference to Exhibit 10.7 to the
    Current Report on Form 8-K of the Issuer filed on October 11, 2016 by the Issuer with the SEC).</FONT></A></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>99.10</B></FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0; text-align: justify"><A HREF="http://www.sec.gov/Archives/edgar/data/1355839/000121390018005835/sc13d0518a6ex99-10_peerstr.htm"><FONT STYLE="font-size: 10pt">Confidential Memorandum of Understanding, dated May 8,
    2018, by and between the Issuer and the Reporting Person (incorporated by reference to Exhibit 99.10 to Amendment No. 6 to
    the Schedule 13D filed by the Reporting Person with the SEC on May 10, 2018). </FONT></A></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>99.11</B></FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0; text-align: justify"><A HREF="http://www.sec.gov/Archives/edgar/data/1355839/000121390018005835/sc13d0518a6ex99-11_peerstr.htm"><FONT STYLE="font-size: 10pt">Stock Purchase Agreement, dated May 8, 2018, by and among
    the Reporting Person, Mario Lattanzio, Brian L. Pessin and Sandra F. Pessin (incorporated by reference to Exhibit 99.11 to
    Amendment No. 6 to the Schedule 13D filed by the Reporting Person with the SEC on May 10, 2018).</FONT></A></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>99.12</B></FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0; text-align: justify"><A HREF="sc13d0618a7ex99-12lerner_pee.htm"><FONT STYLE="font-size: 10pt">Amended and Restated Confidential Memorandum of Understanding, dated June 15, 2018, by and between the Issuer and the Reporting Person.</FONT></A></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>99.13</B></FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1355839/000121390018007880/f8k061518ex10-1_peerstream.htm">Consulting Agreement, dated June 15, 2018, by and between the Issuer and the Reporting Person (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K of the Issuer filed on June 19, 2018 by the Issuer with the SEC).</A></FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>99.14</B></FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1355839/000121390018007880/f8k061518ex10-2_peerstream.htm">First Amendment to Registration Rights Agreement, dated June 15, 2018, by and between the Issuer and the Reporting Person (incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K of the Issuer filed on June 19, 2018 by the Issuer with the SEC).</A></FONT></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>99.15</B></FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1355839/000121390018007880/f8k061518ex10-3_peerstream.htm">Second Amendment to Restricted Stock Award Agreement, dated June 15, 2018, by and between the Issuer and the Reporting Person (incorporated by reference to Exhibit 10.3 to the Current Report on Form 8-K of the Issuer filed on June 19, 2018 by the Issuer with the SEC)</A>.</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>99.16</B></FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1355839/000121390018007880/f8k061518ex10-4_peerstream.htm">Second Amendment to Restricted Stock Award Agreement, dated June 15, 2018, by and between the Issuer and the Reporting Person (incorporated by reference to Exhibit 10.4 to the Current Report on Form 8-K of the Issuer filed on June 19, 2018 by the Issuer with the SEC).</A></FONT></TD></TR>
</TABLE>


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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">After reasonable inquiry
and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Date: June 19, 2018</P>

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

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    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 40%"><FONT STYLE="font-size: 10pt"><B>CLIFFORD LERNER</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid"><FONT STYLE="font-size: 10pt">/s/ Clifford Lerner</FONT></TD></TR>
</TABLE>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">4</P>

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<DOCUMENT>
<TYPE>EX-99.12
<SEQUENCE>2
<FILENAME>sc13d0618a7ex99-12lerner_pee.htm
<DESCRIPTION>AMENDED AND RESTATED CONFIDENTIAL MEMORANDUM OF UNDERSTANDING, DATED JUNE 15, 2018, BY AND BETWEEN THE ISSUER AND THE REPORTING PERSON
<TEXT>
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 99.12</B></P>

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Adopted as of May 8, 2018)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Amended and Restated as of June 15,
2018)</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">This amended and restated confidential memorandum
of understanding (this &ldquo;<B><I>MOU</I></B>&rdquo;) is made and entered into between PeerStream, Inc. (f/k/a Snap Interactive,
Inc.), a Delaware corporation (the &ldquo;<B><I>Company</I></B>&rdquo;), and Clifford Lerner, a director, officer, employee, and
stockholder of the Company (&ldquo;<B><I>Mr. Lerner</I></B>&rdquo; or &ldquo;<B><I>Employee</I></B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><B>WHEREAS</B>, the Company has arranged
for Mr. Lerner to sell 60,000 shares of the Company&rsquo;s common stock to a third party investor pursuant to a stock purchase
agreement, to be dated the date hereof, at a price of $5.00 per share (the &ldquo;<B><I>Purchase Agreement</I></B>&rdquo;); and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><B>WHEREAS</B>, in connection with Mr. Lerner&rsquo;s
entry into the Purchase Agreement, the parties desire to enter into this MOU.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">In consideration of the premises and the
mutual promises herein made, and subject to and conditioned upon Mr. Lerner, the other seller, and the third party investor&rsquo;s
simultaneous entry into the Purchase Agreement, the Company and Mr. Lerner agree as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">1. Subject to the terms otherwise set forth herein,
Mr. Lerner will resign as an officer and employee as soon as practicable after the date hereof and, simultaneously with such resignation,
enter into a consulting agreement (the &ldquo;<B><I>Consulting Agreement</I></B>&rdquo;) on substantially the same terms as Mr.
Lerner&rsquo;s Employment Agreement, dated October 7, 2016, by and between the Company and Mr. Lerner (the &ldquo;<B><I>Lerner
Employment Agreement</I></B>&rdquo;) that extends through October 2019 for a lump sum, up-front payment of $100,000, in which case
his unvested restricted shares will continue to vest as scheduled, and the Company will, in order to assist Mr. Lerner in satisfying
his tax withholding obligations with respect to such restricted shares that vest on the second anniversary of the closing date
of the Company&rsquo;s merger with AVM Software, Inc. (the &ldquo;<B><I>Merger</I></B>&rdquo;), withhold a number of restricted
shares that would otherwise be acquired upon such vesting with a fair market value equal to the lesser of (a) Mr. Lerner&rsquo;s
tax withholding obligation with respect to the vesting shares and (b) $100,000, with the remaining amount of the tax withholding
obligation, if any, payable by Mr. Lerner. For the avoidance of doubt, (i) nothing in this MOU shall obligate the Company to withhold
any shares of restricted stock held by Mr. Lerner that vest upon the third anniversary date of the Merger or to assist Mr. Lerner
with his tax obligations incurred in connection with the vesting of such restricted stock at that time, (ii) the Consulting Agreement
will contain non-solicitation, non-disparagement, confidentiality, indemnification and termination for &ldquo;cause&rdquo; provisions
(including, without limitation, the definition of &ldquo;Cause&rdquo; and the accelerated vesting obligations in connection with
termination events) on substantially the same terms as the Lerner Employment Agreement and (iii) upon Mr. Lerner&rsquo;s resignation,
the Lerner Employment Agreement will be terminated and will have no further force nor effect, and the Company shall be under no
obligation to make any further payments under the Lerner Employment Agreement. The parties hereby agree that the non-solicitation
clause in the Consulting Agreement shall include carve-outs for Darrell Lerner and Lou Kerner, but shall not include carve-outs
for any other individuals or entities.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">2. In connection with Mr. Lerner&rsquo;s resignation,
the Company will simultaneously waive its right to enforce the non-competition provisions set forth in Section 4(b) and Section
7(a) of the Lerner Employment Agreement in total, and Mr. Lerner will no longer be subject to this or any other non-competition
provisions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">3. Effective as of the date of this MOU, Mr. Lerner
will not sell any shares of the Company&rsquo;s common stock publicly until October 31, 2018 (such period, the &ldquo;<B><I>Restricted
Period</I></B>&rdquo;). Notwithstanding the foregoing, Mr. Lerner is free to enter into a 10b5-1 plan during the Restricted Period,
provided that (i) no sales of the Company&rsquo;s common stock may be consummated under such 10b5-1 plan until after the expiration
of the Restricted Period and (ii) any such 10b5-1 plan includes a provision that automatically terminates such plan following a
notification to the broker under such plan that Mr. Lerner intends to publicly offer all or a portion of his shares of the Company&rsquo;s
common stock in a registered offering.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">4. The Consulting Agreement will include language
subjecting Mr. Lerner to trading and sales volume limitations in accordance with (i) Rule 144(e) under the Securities Act of 1933,
as amended (the &ldquo;<B><I>Securities Act</I></B>&rdquo;), regardless of whether such Rule 144 is otherwise legally applicable,
and (ii) the Company&rsquo;s written insider trading policy in effect on the date hereof (the &ldquo;<B><I>Insider Trading Policy</I></B>&rdquo;);
provided that (a) the Rule 144(e) restriction and Mr. Lerner&rsquo;s obligations to comply with the Insider Trading Policy shall
terminate 13 months following the date hereof, and (b) in no event shall Mr. Lerner, during the term of the Consulting Agreement,
conduct any sales of the Company&rsquo;s common stock at a price less than $4 per share.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">5. In connection with Mr. Lerner&rsquo;s resignation,
the Company and Mr. Lerner will enter into an amendment to Mr. Lerner&rsquo;s Registration Rights Agreement, dated October 7, 2016
(the &ldquo;<B><I>Registration Rights Agreement</I></B>&rdquo;), by and between Mr. Lerner and the Company, to provide that Mr.
Lerner may only exercise his demand registration rights in connection with a firm commitment underwritten offering. All other rights
under the agreement will remain in full.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">6. The Company shall use commercially reasonable efforts
to consummate, within 60 days of the date hereof, an underwritten public offering of shares of the Company&rsquo;s common stock
held by certain of the Company&rsquo;s existing stockholders, which such transaction would include a minimum of 75,000 shares of
the Company&rsquo;s common stock held by Mr. Lerner (such transaction, the &ldquo;<B><I>Block Trade</I></B>&rdquo;). If (i) the
Company and the other selling stockholders (other than Mr. Lerner) participating in the Block Trade have agreed on the economic
terms of the transaction, (ii) the Company has entered into definitive documentation or filed a registration statement with respect
to the Block Trade prior to October 31, 2018 and (iii) Mr. Lerner refuses to participate in the Block Trade, then the Restricted
Period will automatically extend through January 31, 2019. In connection with the Block Trade, Mr. Lerner agrees to enter into
a customary &ldquo;lock-up&rdquo; agreement in favor of the lead underwriter in the Block Trade that would extend for a period
of three months following the consummation of the Block Trade.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">7. The Company agrees that there is no conflict of
interest that would prevent Haynes and Boone, LLP (&ldquo;<B><I>Haynes and Boone</I></B>&rdquo;) from providing routine legal advice
and services to Mr. Lerner in connection with selling his shares of the Company&rsquo;s common stock, including providing appropriate
opinions and filings. In the event that (i) Mr. Lerner participates in the Block Trade, (ii) the Company fails to enter into definitive
documentation for the Block Trade or file a registration with respect to the Block Trade by the end of the day on October 31, 2018
or (iii) Mr. Lerner refuses to participate in the Block Trade due to the underwriter(s) in the Block Trade requiring Mr. Lerner
to enter into a &ldquo;lock-up&rdquo; agreement with a duration of more than three months, the Company will pay the legal fees
and expenses of Haynes and Boone associated with (a) any filings required by Mr. Lerner under Section 16 of the Securities Exchange
Act of 1934, as amended (the &ldquo;<B><I>Exchange Act</I></B>&rdquo;), including any Forms 3, 4 or 5, (b) any beneficial ownership
reports required under Section 13 of the Exchange Act, including any amendments to Mr. Lerner&rsquo;s Schedule 13D, (c) any legal
opinions or related documentation associated with removing restrictive legends on shares of Company common stock sold by Mr. Lerner
and (d) any questions from Mr. Lerner concerning, or other legal matters related to, the sale of Mr. Lerner&rsquo;s shares in the
Block Trade. Any communications by Mr. Lerner concerning the matters listed in clauses (a) through (d) above shall be made in writing
to an email distribution list to be designated by the Company and Mr. Lerner shall not contact Haynes and Boone directly with respect
to such matters; provided, however, that Mr. Lerner may contact Haynes and Boone directly if the Company fails to respond to an
inquiry from Mr. Lerner within two business days. Any responses by the Company to Mr. Lerner&rsquo;s inquiries shall also copy
representatives of Haynes and Boone and any correspondence between the Company and Haynes and Boone concerning the matters set
forth in clauses (a) through (d) above shall copy Mr. Lerner. For the avoidance of doubt, the Company will not be responsible for
any legal fees or expenses incurred by or on behalf of Mr. Lerner for any other matters, including, without limitation (a) advice
related to the mechanics of, or compliance with, Rule 144 under the Securities Act, (b) advice related to the mechanics of, or
compliance with, the Insider Trading Policy or any federal securities laws prohibiting insider trading, (c) advice related to the
mechanics of Mr. Lerner&rsquo;s Registration Rights Agreement or (d) advice related to the vesting of, and mechanics for the payment
of taxes in connection with, Mr. Lerner&rsquo;s shares of restricted stock; provided, however, that Mr. Lerner may refer any questions
concerning such matters directly to the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">8. In consideration of the mutual promises contained
in the MOU, Employee, on behalf of himself, his heirs, executors, successors and assigns (the &ldquo;<B><I>Employee Releasing Parties</I></B>&rdquo;),
irrevocably and unconditionally releases, waives, and forever discharges the Company and all of its parents, divisions, subsidiaries,
affiliates, joint venture partners, partners, and related companies, and their present and former agents, employees, officers,
directors, attorneys, stockholders, plan fiduciaries, successors and assigns (collectively, the &ldquo;<B><I>Company Released Parties</I></B>&rdquo;),
from any and all claims, demands, actions, causes of action, costs, fees, and all liability whatsoever, whether known or unknown,
fixed or contingent, which the Employee Releasing Parties have, had, or may have against the Company Released Parties including
those claims, demands, actions, causes of action, costs, fees and all liability relating to or arising out of his employment, his
status as a stockholder of the Company, his service as a director, or any terms of the Lerner Employment Agreement, up to and including
the date of this MOU. This release includes, without limitation, claims at law or equity or sounding in contract (express or implied)
or tort, claims arising under any federal, state, or local laws of any jurisdiction that prohibit age, sex, race, national origin,
color, creed, disability, religion, military status, family status, marital status, partnership status, domestic violence, stalking
and sex offense victim status, arrest and conviction record, predisposing genetic characteristic, alienage or citizenship status,
sexual orientation, or any other form of discrimination, harassment, or retaliation (including, without limitation, the Age Discrimination
in Employment Act, the Americans with Disabilities Act, the ADA Amendments Act of 2008, Title VII of the 1964 Civil Rights Act,
the Civil Rights Act of 1991, the Civil Rights Acts of 1866 and/or 1871, 42 U.S.C. Section 1981, the Rehabilitation Act, the Family
and Medical Leave Act, the Fair Labor Standards Act anti-retaliation provisions, the Sarbanes-Oxley Act, the Employee Polygraph
Protection Act, the Uniformed Services Employment and Reemployment Rights Act of 1994, the Lilly Ledbetter Fair Pay Act, the Genetic
Information Nondiscrimination Act, the New York Civil Rights Law, the New York City Human Rights Law, any federal, state, local
or municipal whistleblower protection or anti-retaliation statute or ordinance, or any other federal, state, local, or municipal
laws of any jurisdiction), claims arising under the Employee Retirement Income Security Act (except any employee benefits or employee
participation rights as contained in the Lerner Employment Agreement), or any other statutory or common law claims related to or
arising out of his employment, service as a director, or any terms of the Lerner Employment Agreement, up to and including the
date of this MOU&rsquo;s execution. Notwithstanding the foregoing, nothing in this release shall affect or impair: (i) any rights
Employee may have to indemnification, including without limitation indemnification for attorneys&rsquo; fees, costs and/or expenses,
pursuant to applicable law, statute, certificates of incorporation, by-laws of the Company or any of its affiliates, or the Lerner
Employment Agreement; (ii) any of Employee&rsquo;s rights arising under this MOU; or (iii) any rights that Employee has as a former
employee under the Company&rsquo;s employee benefit plans (other than any severance plan).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">9. In consideration of the mutual promises contained
in the MOU, the Company, on behalf of itself and all of its parents, divisions, subsidiaries, affiliates, joint venture partners,
partners, and related companies, and their present and former agents, employees, officers, directors, attorneys, stockholders,
plan fiduciaries, successors and assigns (the &ldquo;<B><I>Company Releasing Parties</I></B>&rdquo;), irrevocably and unconditionally
releases, waives, and forever discharges the Employee and all of his heirs, executors, successors and assigns (collectively, the
&ldquo;<B><I>Employee Released Parties</I></B>&rdquo;), from any and all claims, demands, actions, causes of action, costs, fees,
and all liability whatsoever, whether known or unknown, fixed or contingent, which the Company Releasing Parties have, had, or
may have against the Employee Released Parties including those claims, demands, actions, causes of action, costs, fees and all
liability relating to or arising out of Employee&rsquo;s employment, his status as a stockholder of the Company, his service as
a director, or any terms of the Lerner Employment Agreement, up to and including the date of this MOU. This release includes, without
limitation, claims at law or equity or sounding in contract (express or implied) or tort, claims arising under any federal, state,
or local laws of any jurisdiction, or any other statutory or common law claims related to or arising out of his employment or any
terms of the Lerner Employment Agreement, up to and including the date of this MOU&rsquo;s execution. Notwithstanding the foregoing,
nothing in this release shall affect or impair any of the Company&rsquo;s rights arising under the MOU.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">10. The Parties understand and
agree that this MOU shall not in any way be construed as an admission by either Party of any unlawful or wrongful acts whatsoever.
Each Party specifically disclaims any liability to the other Party.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">11. The Parties understand that
it is their choice whether to enter into this MOU and that their decision to do so is voluntary and is made knowingly.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">12. The Parties represent and
acknowledge that in executing this MOU, they did not rely, have not relied, and expressly disavow reliance on any communications,
statements, promises, inducements, or representation(s), oral or written, by any other Party, except as expressly contained in
this MOU.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">13. This MOU shall, in all respects,
be interpreted, enforced, and governed under the laws of the State of New York. The parties agree that the language of this MOU
shall, in all cases, be construed as a whole, according to its fair meaning, and not strictly for, or against, any of the Parties.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">14. The Parties agree that should
a court declare or determine that any provision of this MOU is illegal or invalid, the validity of the remaining parts, terms or
provisions of this MOU will not be affected and any illegal or invalid part, term, or provision, will not be deemed to be a part
of this MOU.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">15. This MOU may be executed
in any number of counterparts, each of which shall be deemed an original, but all of which together shall be deemed one and the
same instrument.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">Notwithstanding anything herein to the contrary,
in the event that Mr. Lerner, the other seller, or the third party investor does not enter into the Purchase Agreement on the date
hereof, this MOU shall be automatically terminated and shall have no further force nor effect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">This MOU is confidential to the parties
and is for the use of the Company&rsquo;s management, Mr. Lerner and their respective advisors. Accordingly, the information contained
in this document may not be disclosed to any third party or used to facilitate negotiations with any third party without the prior
written consent of each of the Company and Mr. Lerner.</P>

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

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

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

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

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




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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>IN WITNESS WHEREOF</B>,
the undersigned have executed this MOU as of the date first set forth above.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></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="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>PEERSTREAM, INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0; width: 60%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0; width: 4%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0; width: 36%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0 0 1.5pt; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0 0 1.5pt; text-indent: 0"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="padding-top: 0; padding-right: 0; border-bottom: Black 1.5pt solid; padding-left: 0; text-indent: 0"><FONT STYLE="font-size: 10pt">/s/ Alexander H. Harrington</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt">Name: Alexander Harrington</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt">Title: Chief Executive Officer</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
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    <TD COLSPAN="2" STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>CLIFFORD LERNER</B></FONT></TD></TR>
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    <TD STYLE="padding: 0 0 1.5pt; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0 0 1.5pt; text-indent: 0"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="padding-top: 0; padding-right: 0; border-bottom: Black 1.5pt solid; padding-left: 0; text-indent: 0"><FONT STYLE="font-size: 10pt">/s/
Cliff Lerner</FONT></TD></TR>
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    <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt">Name: Clifford Lerner</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>Signature Page to</I></P>

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



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