<SEC-DOCUMENT>0000721748-15-000781.txt : 20160119
<SEC-HEADER>0000721748-15-000781.hdr.sgml : 20160118

<ACCEPTANCE-DATETIME>20151029170110

<PRIVATE-TO-PUBLIC>

ACCESSION NUMBER:		0000721748-15-000781

CONFORMED SUBMISSION TYPE:	S-1/A

PUBLIC DOCUMENT COUNT:		29

FILED AS OF DATE:		20151029

DATE AS OF CHANGE:		20151103


FILER:


	COMPANY DATA:	

		COMPANY CONFORMED NAME:			MassRoots, Inc.

		CENTRAL INDEX KEY:			0001589149

		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]

		IRS NUMBER:				462612944

		STATE OF INCORPORATION:			DE

		FISCAL YEAR END:			1231



	FILING VALUES:

		FORM TYPE:		S-1/A

		SEC ACT:		1933 Act

		SEC FILE NUMBER:	333-206731

		FILM NUMBER:		151184428



	BUSINESS ADDRESS:	

		STREET 1:		1624 MARKET STREET,

		STREET 2:		SUITE 201

		CITY:			DENVER

		STATE:			CO

		ZIP:			80202

		BUSINESS PHONE:		720-442-0052



	MAIL ADDRESS:	

		STREET 1:		1624 MARKET STREET,

		STREET 2:		SUITE 201

		CITY:			DENVER

		STATE:			CO

		ZIP:			80202



</SEC-HEADER>

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<FILENAME>mrsts1a102915.htm
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<P STYLE="margin: 0; text-align: center">As filed with the Securities and
Exchange Commission on October 29, 2015</P>

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

<P STYLE="margin: 0; text-align: right">Registration
No. 333- 206731</P>

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

<P STYLE="margin: 0; text-align: center"><B>UNITED STATES SECURITIES AND EXCHANGE
COMMISSION</B><BR>
<B>WASHINGTON, D.C. &nbsp;20549</B></P>

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

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

<P STYLE="margin: 0; text-align: center"><B>AMENDMENT NO. 4</B></P>

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

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

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

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

<P STYLE="margin: 0; text-align: center"><B>MASSROOTS, INC.</B><BR>
<I> (Exact name of registrant as specified in its charter)</I></P>

<P STYLE="margin: 0; text-align: center">&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: 0; text-align: center; width: 34%"><B>Delaware</B></TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="background-color: white"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7370</B></FONT></TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B>46-2612944</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>(State or other jurisdiction of incorporation
    or organization)</I></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>(Primary Standard Industrial Classification Code
    Number)</I></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>(I.R.S. Employer Identification Number)</I></TD></TR>
</TABLE>
<P STYLE="margin: 0; text-align: center">&nbsp;</P>

<P STYLE="margin: 0; text-align: center"><B>1624 Market Street, Suite 201, Denver, CO 80202</B></P>

<P STYLE="margin: 0; text-align: center"><B>(720) 442-0052</B><BR>
<I>(Address, including zip code, and telephone number, including area code, of Registrant&#8217;s principal executive offices)</I></P>

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

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

<P STYLE="margin: 0; text-align: center"><B>Isaac Dietrich, Chief Executive Officer</B></P>

<P STYLE="margin: 0; text-align: center"><B>MassRoots, Inc.</B><BR>
<B>1624 Market Street, Suite 201, Denver, CO 80202</B></P>

<P STYLE="margin: 0; text-align: center"><B>(720) 442-0052</B><BR>
<I>(Name, address, including zip code, and telephone number,</I><BR>
<I>including area code, of agent for service)</I></P>

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

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

<P STYLE="margin: 0; text-align: center"><I>Please send copies of all communications
to:</I></P>

<P STYLE="margin: 0; text-align: center"><B>Peter J. Gennuso, Esq.</B> <B><BR>
Christopher A. Moore, Esq.</B> <B><BR>
Thompson Hine LLP</B><BR> <B>335 Madison Avenue, 12<SUP>th</SUP> Floor</B><BR> <B>New York, NY&nbsp;&nbsp;10017</B><BR> <B>Tel: (212) 908-3958 </B> <B>Fax: (212) 344-6101</B> <B>&nbsp;</B></P>


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

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

<P STYLE="margin: 0; text-align: center"><B>As soon as practicable after the effective
date of this Registration Statement.</B></P>

<P STYLE="margin: 0; text-align: center"><I>(Approximate date of commencement of
proposed sale to the public) </I></P>

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

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

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

<P STYLE="margin: 0; text-align: justify">If this Form is filed to register additional securities for an offering pursuant to
Rule 462(b) under the Securities Act of 1933, please check the following box and list the Securities Act of 1933 registration
statement number of the earlier effective registration statement for the same offering. [ ]</P>

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

<P STYLE="margin: 0; text-align: justify">If this Form is a post-effective amendment
filed pursuant to Rule 462(c) under the Securities Act of 1933, check the following box and list the Securities Act of 1933 registration
statement number of the earlier effective registration statement for the same offering. [ ]</P>

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

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

<P STYLE="margin: 0; text-align: justify">If this Form is a post-effective amendment
filed pursuant to Rule 462(d) under the Securities Act of 1933, check the following box and list the Securities Act of 1933 registration
statement number of the earlier effective registration statement for the same offering. [ ]</P>

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

<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. See the definitions
of &#8220;large accelerated filer,&#8221; &#8220;accelerated filer&#8221; and &#8220;smaller reporting company&#8221; in Rule
12b-2 of the Exchange Act.</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">Large accelerated filer [ ]&#9;Accelerated filer [ ] Non-accelerated filer [ ] Smaller
reporting company [X]</P>

<P STYLE="margin: 0; text-align: justify">(Do not check if a smaller reporting company)</P>

<P STYLE="margin: 0; text-align: justify"><B></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"><B>Calculation of Registration Fee</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="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Title of Each Class of Securities to be Registered</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">Proposed Maximum Aggregate Offering Price (1)</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 of Registration Fee (2)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 56%; text-align: justify; padding-left: 5.4pt">Units, consisting of Common Stock and Warrants to purchase Common Stock</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 17%; text-align: right">8,000,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 17%; text-align: right">80</TD><TD STYLE="width: 1%; text-align: left">6</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-left: 5.4pt">Common Stock underlying the Units, par value $0.001 per share (3)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-left: 5.4pt">Warrants to purchase Common Stock underlying the Units</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt; padding-left: 5.4pt">Shares of Common Stock underlying Warrants (3)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">18,461,538</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">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,860</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-left: 5.4pt">Total</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">26,461,538</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">$2,666 (5)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0; text-align: justify"><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">Estimated solely for purposes of calculating the registration fee pursuant to Rule
457(o) under the Securities &#9;Act of 1933, as amended (&#8220;Securities Act&#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">(2)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Calculated pursuant to Rule 457(o) under the Securities Act based on an estimate of
the proposed maximum aggregate offering price.</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">Pursuant to Rule 416 under the Securities Act, the securities being registered hereunder
include such indeterminate number of additional shares of common stock as may be issued after the date hereof as a result of stock
splits, stock dividends or similar transactions.</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">No fee pursuant to Rule 457(g).</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">$1,860 has been previously paid by the issuer in connection with the filing of the
Form S-1 on September 2, 2015.</TD>
</TR></TABLE>



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

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

<P STYLE="margin: 0; text-align: justify"><B>The registrant hereby amends this registration
statement on such date or dates 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 Securities and Exchange
Commission, acting pursuant to said Section&nbsp;8(a), may determine.</B></P>

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

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

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="color: #E8112D">The information in this prospectus is not complete and may be changed. These securities may not be sold until the registration statement filed with the Securities and Exchange Commission is effective. 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;&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="color: red"><I>PRELIMINARY
PROSPECTUS - </I></FONT><I><FONT STYLE="color: #E8112D">SUBJECT TO COMPLETION</FONT></I> <BR>
<FONT STYLE="color: Red"><I>Dated October 29, 2015</I></FONT></P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 1pt 22.85pt 0 17.25pt"></P>

<P STYLE="font: 10pt/0.05pt Times New Roman, Times, Serif; margin: 0 22.85pt 0 17.25pt">&nbsp;</P>

<P STYLE="font: 10pt/0.05pt Times New Roman, Times, Serif; margin: 0 40.1pt 0 34.55pt">&nbsp;</P>

<P STYLE="font: 10pt/0.05pt Times New Roman, Times, Serif; margin: 0 40.1pt 0 34.55pt">&nbsp;</P>



<P STYLE="font: 10pt/0.05pt Times New Roman, Times, Serif; margin: 1pt 40.1pt 0 34.55pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 32%; padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="width: 39%; text-align: center"><IMG SRC="image_001.gif" ALT=""></TD>
    <TD STYLE="vertical-align: top; width: 29%; padding-right: 0.8pt; text-align: right">&nbsp;</TD></TR>
</TABLE>
<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>MASSROOTS, INC.</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"><B>&nbsp;Units of its Securities,</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"><B>Consisting of up to 6,200,000 Shares of Common Stock
and</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>Warrants to Purchase 6,200,000 Shares of
Common Stock</B></P>

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

<P STYLE="margin: 0; text-align: justify">This prospectus is part of a registration
statement that we filed with the Securities and Exchange Commission (the &#8220;SEC&#8221;). This prospectus relates to the offering
of up to 6,200,000 shares of our common stock (&#8220;Common Stock&#8221;), together with of up to 6,200,000 warrants to purchase
shares of Common Stock at a price equal to $[ ] per share (&#8220;Warrants&#8221;), for gross proceeds of up to $8,000,000 (the
&#8220;Maximum Offering Amount&#8221;), before deduction of offering expenses. There is no minimum offering amount required as
a condition to closing in this offering, and as a result, the actual public offering amount, and proceeds to us, if any, are not
presently determinable and may be substantially less than the total Maximum Offering Amount. This offering will terminate upon
the earlier to occur of (i) three months after this registration statement becomes effective with the SEC, and (ii) the date on
which the Offering is fully subscribed; provided, however, that we may, at our sole discretion, extend the offering for an additional
90 days or terminate the Offering at an earlier date. The shares of Common Stock and the Warrants are immediately separable and
will be issued separately but will be purchased together in this offering.</P>

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

<P STYLE="margin: 0; text-align: justify">Our common stock is currently quoted on the OTCQB under the symbol
&#8220;MSRT.&#8221; On September 30, 2015, the closing sale price of our common stock was $1.66 per share. Currently, there
is no established public trading market in the United States for our common stock and quotes of our stock on an OTCQB may not
be indicative of the market price on a national securities exchange. We are applying to list our common stock on the NASDAQ
Capital Market under the symbol &#8220;MSRT&#8221;. No assurance can be given that our application will be approved.
No public market exists for our Warrants and we do not intend to apply for the listing of the Warrants on any
securities exchange. The shares of Common Stock and the Warrants are immediately separable and will be issued separately but
will be purchased together in this offering.</P>

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

<P STYLE="margin: 0; text-align: justify">This offering will be conducted on a &#8220;best-efforts&#8221; basis and no minimum
amount of shares is required to be sold for the offering to proceed. If we raise only a nominal amount of proceeds we may be unable
to implement our business plan and we may have to raise additional capital and/or suspend or cease operations and investors who
participate in this offering may lose their entire investments. The Company may not be able to sell the entire amount of securities
available in this offering and a purchaser in the offering may be one of a very limited number of buyers.</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">Our Officers and Directors will be making solicitations of our securities directly on a best-efforts basis
pursuant to his Offering.&nbsp; None of our officers or directors will receive any commission or compensation
for the sale of our securities. Because there is no minimum offering amount required as a condition to closing in this
offering, the actual offering amount, the placement agent fees and net proceeds to us, if any, in this offering may be
substantially less than the maximum offering amounts set forth above.</P>

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

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

<P STYLE="margin: 0; text-align: justify"> If we engage one or more underwriters, broker-dealers or selling agents (&ldquo;Agents&rdquo;) and enter into
any such arrangements, our common stock may be sold through such Agents. If we choose to sell our common stock through Agents,
we will file a post-effective amendment to the Registration Statement of which this Prospectus is a part to identify them. We expect
that any such sales will be made on a best efforts basis. We have not made any arrangements to place funds in an
escrow, trust or similar account. Accordingly, if we file for bankruptcy protection or a petition for involuntary bankruptcy
is filed by creditors against us, your funds will become part of the bankruptcy estate and administered according to the
bankruptcy laws. If a creditor sues us and obtains a judgment against us, the creditor could garnish the bank account and
take possession of the subscriptions. As such, it is possible that a creditor could attach your subscription which could
preclude or delay the return of money to you. If that happens, you may lose your investment and your funds may be used to pay
creditors. See &#8220;Plan of Distribution&#8221; beginning on page 25 of this Prospectus for more information on this
offering.</P>

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

<P STYLE="margin: 0; text-align: justify"><B>Our common stock involves a high
degree of risk. You should read the &quot;RISK FACTORS&quot; section beginning on page 6 before you decide to purchase any of
our common stock.</B></P>

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

<P STYLE="margin: 0; text-align: justify"><B>We qualify as an &#8220;emerging
growth company&#8221; as defined in the Jumpstart our Business Startups Act (&#8220;JOBS Act&#8221;). For more information, see
the prospectus section titled &#8220;Emerging Growth Company Status&#8221; starting on page 3.</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><IMG SRC="image_002.gif" ALT="" STYLE="height: 2px; width: 266px">
<B></B></P>

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

<P STYLE="margin: 0; text-align: justify"><B>The Company has minimal 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. Investing in our
securities involves a high degree of risk. You should purchase these securities only if you can afford a complete loss of your
investment. See &#8220;Risk Factors&#8221; beginning on page 6 of this prospectus.</B></P>

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

<P STYLE="margin: 0; text-align: justify"><B>Neither the Securities and Exchange
Commission (the &#8220;SEC&#8221;) nor any state securities commission has approved or disapproved of these securities or passed
upon the adequacy or accuracy of this prospectus. 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"><IMG SRC="image_002.gif" ALT="">&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="margin-top: 0; margin-bottom: 0; text-align: center">The date of this prospectus is
[ ], 2015&nbsp;</P>


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

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

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

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

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><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 STYLE="width: 80%; text-align: left; padding-left: 0in">PROSPECTUS SUMMARY</TD>
    <TD STYLE="width: 20%; text-align: right">1</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0in">THE OFFERING</TD>
    <TD STYLE="text-align: right">5</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0in">SUMMARY FINANCIAL DATA</TD>
    <TD STYLE="text-align: right">6</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0in">RISK FACTORS</TD>
    <TD STYLE="text-align: right">6</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0in">NOTE ABOUT FORWARD-LOOKING STATEMENTS</TD>
    <TD STYLE="text-align: right">18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0in">TAX CONSIDERATIONS</TD>
    <TD STYLE="text-align: right">18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0in">USE OF PROCEEDS</TD>
    <TD STYLE="text-align: right">19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0in">DILUTION</TD>
    <TD STYLE="text-align: right">19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0in">DETERMINATION OF OFFERING PRICE</TD>
    <TD STYLE="text-align: right">20</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0in">DIVIDEND POLICY</TD>
    <TD STYLE="text-align: right">20</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0in">CAPITALIZATION</TD>
    <TD STYLE="text-align: right">20</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0in">PLAN OF DISTRIBUTION</TD>
    <TD STYLE="text-align: right">23</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0in">DESCRIPTION OF BUSINESS</TD>
    <TD STYLE="text-align: right">24</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0in">PROPERTIES</TD>
    <TD STYLE="text-align: right">39</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0in">DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS, AND CONTROL PERSONS</TD>
    <TD STYLE="text-align: right">40</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0in">EXECUTIVE COMPENSATION</TD>
    <TD STYLE="text-align: right">44</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0in">SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</TD>
    <TD STYLE="text-align: right">48</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0in">DESCRIPTION OF SECURITIES</TD>
    <TD STYLE="text-align: right">50</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0in">MANAGEMENT&rsquo;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION</TD>
    <TD STYLE="text-align: right">52</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0in">DECEMBER 31, 2014 FINANCIAL STATEMENTS</TD>
    <TD STYLE="text-align: right">69</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0in">MARCH 31, 2015 FINANCIAL STATEMENTS (Unaudited)</TD>
    <TD STYLE="text-align: right">84</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0in">JUNE 30, 2015 FINANCIAL STATEMENTS (Unaudited)</TD>
    <TD STYLE="text-align: right">99</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0in">LEGAL MATTERS</TD>
    <TD STYLE="text-align: right">114</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0in">EXPERTS</TD>
    <TD STYLE="text-align: right">114</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0in">WHERE YOU CAN FIND MORE INFORMATION</TD>
    <TD STYLE="text-align: right">114</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 the information
contained in this prospectus and any free writing prospectus prepared by us or on our behalf. We have not authorized anyone to
provide you with different or additional information. If anyone provides you with different or additional information, you should
not rely on it. The information in this prospectus is accurate only as of the date on the front of this prospectus. Our business,
financial condition, results of operations and prospects may have changed since the date of this prospectus. This prospectus is
not an offer or solicitation relating to the securities in any jurisdiction in which such an offer or solicitation relating to
the securities is not authorized. You should not consider this prospectus to be an offer or solicitation relating to the securities
if the person making the offer or solicitation is not qualified to do so, or if it is unlawful for you to receive such an offer
or solicitation.</B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>&nbsp;PROSPECTUS SUMMARY</B></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. 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 &#8220;Risk Factors&#8221; and
&#8220;Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations.&#8221; If you invest in our
securities, you are assuming a high degree of risk.</I></P>

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

<P STYLE="margin: 0; text-align: justify"><I>Unless we have indicated otherwise
or the context otherwise requires, references in the prospectus to &#8220;MassRoots,&#8221; the &#8220;Company,&#8221; &#8220;we,&#8221;
&#8220;us&#8221; and &#8220;our&#8221; or similar terms are to MassRoots, Inc. Unless otherwise indicated, all share and per share
information relating to our common stock in this prospectus has been adjusted to reflect the &#8220;Exchange&#8221; which occurred
during our &#8220;Reorganization&#8221;. See &#8220;Fundraising  And Previous Offerings&#8221; for additional discussion
of the Exchange and Reorganization. </I></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>The MassRoots Story &#8211; Our Company</B></P>

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

<P STYLE="margin: 0; text-align: justify">MassRoots was formed in April 2013 as a social
network for the cannabis community. In July 2013, we launched in the App Store and since that time, have grown into a community
of 575,000 cannabis consumers. Our growth has been primarily driven by MassRoots&#8217; increasing popularity as one of the first
national cannabis brands and word of mouth virility from our users. We believe that by creating a central community of hundreds
of thousands of cannabis consumers, we are creating a valuable marketing and distribution channel for cannabis and its ancillary
products.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><IMG SRC="image_003.gif" ALT="" STYLE="height: 401px; width: 624px"></P>

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

<P STYLE="margin: 0; text-align: justify">We launched MassRoots for Business in early March 2015 as a free
online portal for cannabis-related businesses to schedule posts, view analytics and gain insights into their followers. Over 1,000
businesses, including 42% of the dispensaries in Colorado, were utilizing MassRoots for Business as of June 30, 2015. During August
2015, we began expanding its functionality to allow businesses to extend the reach of their posts and begin to monetize our network.</P>

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

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

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<P STYLE="margin: 0; text-align: justify"><I><U>MassRoots&#8217; Value Proposition to
Advertisers:</U></I></P>

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

<P STYLE="margin: 0; text-align: justify">From July 2013 to August 2015, MassRoots&#8217;
sole focus was building an active and engaged community of hundreds of thousands of cannabis consumers. Much like Facebook&#8217;s
model, we believed that it would be far easier to on-board businesses and begin charging them advertising dollars once we had
already hit critical mass, which we believe we hit during the summer of 2015. The reasons we believe businesses will advertise
on MassRoots are:</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Nature of MassRoots Users.</I> The typical MassRoots user is an active cannabis
consumer, which is the target demographic for cannabis-related businesses. MassRoots allows these businesses to maximize their
lead on target. Unlike other forms of advertising like billboard, banner and display ads that are seen by the general population,
every dollar spent on MassRoots advertising puts their product and service directly in front of cannabis consumers.</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Social Endorsements of Products and Services.</I> The majority of cannabis consumers
do not feel comfortable recommending cannabis-related products and services on Facebook, Instagram and Twitter as their family
and co-workers follow them on these networks. By introducing a social recommendation tool similar to Facebook&#8217;s, MassRoots
will allow cannabis consumers to recommend their favorite strains, products and services to their friends on MassRoots and the
community at large.</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Necessity.</I> Currently, Google, Facebook and Twitter prohibit dispensaries from
advertising on their networks, forcing cannabis-related companies to rely on billboard and other alternative forms of advertising
that may be far less cost effective due to their broad and un-targeted nature. We believe there is a need for a self-service advertising
portal that enables cannabis-related businesses to reach potential customers by digital channels. The MassRoots platform will
be compelling for advertisers as it offers direct access to a precise segment of their target market as well as an extensive set
of metrics to determine the effectiveness of advertising campaigns.</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Reaching Consumers on Mobile Devices.</I> Mobile advertising is quickly becoming
a valuable and effective way for businesses to market themselves. As MassRoots&#8217; users are almost entirely mobile-based,
MassRoots will provide cannabis businesses a unique and extremely valuable channel to reach cannabis consumers directly on their
mobile devices.</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Location-Based Solutions.</I> All users are required to allow MassRoots to access
their location, giving us the ability to target advertisements based on a user&#8217;s location. For advertisers with physical
locations, this will enable them to target their advertising within a specific radius of their store, ensuring their marketing
reaches their target consumers. This will also provide demographic data on emerging cannabis markets, providing value for companies
as they improve their offerings locally and begin to expand their operations.</TD>
</TR></TABLE>

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

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

<P STYLE="margin: 0; text-align: justify"><I><U>MassRoots&#8217; Value Proposition to Developers:</U></I></P>

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

<P STYLE="margin: 0; text-align: justify">Over the coming months, we will be
introducing an Application Programming Interface (API) to developers looking to integrate MassRoots&#8217; network into their
cannabis-related platform. We believe the benefits to developers are:</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>One Click Registration and Sign-In. </I>Users do not like creating usernames, passwords
and profiles for every app and website they access, which underlies the recent popularity of the &#8220;Sign in with Facebook&#8221;
button. However, because the majority of cannabis consumers do not feel comfortable syncing their Facebook profile with cannabis-related
websites and apps, we believe there is a need for a &#8220;Login with MassRoots&#8221; button on cannabis-related digital properties.
This will not only allow users to sync data between applications and save time, but also give developers access to data and services
they otherwise would not have.</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Real-Time Content Displayed on Digital Properties.</I> Whether it is posts about
a cannabis-related event, a particular strain of cannabis, or any given cannabis product, MassRoots&#8217; approximately 575,000
users are constantly posting high-quality, user-generated content that developers will be able to integrate and display on their
own websites in real-time in a similar manner as Facebook Pages and Live Tweets.</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Content Distribution.</I> Similar to users &#8220;Pinning&#8221; items on Pinterest,
MassRoots&#8217; API will allow users to easily share cannabis-related photos, articles, products and events they find on the
Internet. This allows content providers to gage which products or articles are most popular or &#8220;trending,&#8221; gain feedback
from the cannabis community and boost their website traffic as they enhance their social reputation.</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"><I><U>MassRoots&#8217; Value Proposition
to Investors:</U></I></P>

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

<P STYLE="margin: 0; text-align: justify">For investors looking to capitalize
on the rapidly growing cannabis industry permissible under laws of certain states, we believe MassRoots presents a unique and
valuable opportunity for the following reasons:</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Owning a Marketing and Distribution Channel. </I>By creating a network of end cannabis
consumers, MassRoots is creating a valuable marketing and distribution channel for cannabis and its ancillary products. Over the
coming months, we plan to expand MassRoots&#8217; functionality to include live inventory, live pricing and order ahead; we will
be able to push these features to hundreds of thousands of cannabis consumers already engaging with the MassRoots Platform, allowing
us to expand and conquer adjacent verticals in the cannabis market.</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Network Growth as a Barrier to Entry.</I> Network effects have come to dominate
consumer habits. Google+ failed to obtain a dominant market share in desktop-based social networking because it wasn&#8217;t introduced
until Facebook had already conquered the market. Similarly, when Facebook introduced Poke as a competitor to SnapChat in late
2012, it failed to gain market share due to the market dominance already achieved by SnapChat. Even if a well-financed competitor
to MassRoots were to emerge, they would not only have to convince users on why their platform is superior, but also get them to
switch away from the network their friends are already using &#8211; every user that MassRoots gains, every interaction that takes
place on our network and every day that we grow, the barrier to entry grows ever higher.</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>The Right Industry, the Right Time, the Right Product.</I> MassRoots sits at the
intersection of mobile technology and cannabis, two rapidly growing industries. Per an October 2013 Gallup poll, 58% of the American
people support the legalization of cannabis, while 14 states are projected to pass adult-use laws and two states medical-use laws
within the next five years. This is projected to cause cannabis sales permitted under certain state laws to grow from $1.43 billion
in 2013 to $10.2 billion by 2018. MassRoots has built a mobile network for the cannabis community that has approximately 575,000
users and continues to rapidly grow. Over the coming months, we will be adding new features for our users, advertisers and developers
that will expand the reach and utility of our network, further accelerating growth and creating significant shareholder value.</TD>
</TR></TABLE>

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

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

<P STYLE="margin: 0; text-align: justify">Our business plan includes allowing cannabis
dispensaries to advertise on our network which we believe could be deemed to be aiding and abetting illegal activities, a violation
of Federal law. We intend on remaining within the guidelines outlined in the Cole Memo (as more fully described in this prospectus),
which does not alter the Department of Justice's authority to enforce Federal law, including Federal laws relating to cannabis,
but does recommend that U.S. Attorneys prioritize enforcement of Federal law away from the cannabis industry operating as permitted
under certain state laws so long as certain conditions are met. However, we cannot provide assurance that we are in full compliance
with the Cole Memo or any other laws or regulations</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">We are a Delaware corporation. Our address
is 1624 Market Street, Suite 201, Denver, CO 80202, our telephone number is (720) 442-0052 and our website is www.MassRoots.com.
The information on our website or mobile apps is not 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"><BR>
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">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">Section 107(b) of the JOBS Act provides
that an &#8220;emerging growth company&#8221; 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 &#8220;emerging growth company&#8221;
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>

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

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

<P STYLE="margin: 0; text-align: justify">We could remain an &#8220;emerging growth
company&#8221; 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 are $1 billion, as adjusted, or more, (ii) the date that we become a &#8220;large accelerated filer&#8221; as defined
in Rule 12b-2 under the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), 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>

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

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">&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: left; vertical-align: top">Securities offered</TD>
    <TD STYLE="text-align: justify">Up to 6,200,000 shares of our Common Stock, together with  up to 6,200,000 Warrants to purchase shares of Common Stock at a price equal to $[ ] per share for gross proceeds of up to $8,000,000, before deduction of offering expenses. This Prospectus also relates to the shares of Common Stock issuable upon exercise of the Warrants. The Warrants offered hereunder will not be listed on any securities exchange or quoted through any automated quotation system. <BR></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top">Maximum Offering Amount</TD>
    <TD STYLE="text-align: justify">$8,000,000. There is no minimum offering amount required as a condition to closing this offering and as a result the actual amount raised in this offering may be significantly less than the Maximum Offering Amount.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top">Offering price</TD>
    <TD STYLE="text-align: justify">[ ]</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top">Description of Warrants</TD>
    <TD STYLE="text-align: justify">The Warrants will have an exercise price of $[ ] per share, subject to adjustment as set
    forth therein and will expire   three years from the date of issuance. The Warrants are exercisable immediately. Investors
    will receive [ ] Warrant for each share of common stock purchased in the Offering.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 30%; text-align: left; vertical-align: top">Common stock issued and outstanding before this offering</TD>
    <TD STYLE="width: 70%; text-align: left; vertical-align: top">45,928,971</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top">Common stock issued and &nbsp;outstanding after this offering</TD>
    <TD STYLE="text-align: left; vertical-align: top">[ ]</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 9pt; vertical-align: top">Use of proceeds</TD>
    <TD STYLE="text-align: justify; vertical-align: top">MassRoots will use the net proceeds from this offering for our general corporate purposes and working capital, to accelerate user-growth, develop new feature sets for our mobile applications, expand the services we offer to businesses and to meet the enhanced corporate governance and reporting requirements mandated by the Nasdaq Capital Markets.&nbsp;&nbsp;See &ldquo;Use of Proceeds.&rdquo;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top">Risk factors</TD>
    <TD STYLE="text-align: justify">See &ldquo;Risk Factors&rdquo; beginning on page 10 and the other information set forth in this prospectus for a discussion of factors you should consider before deciding to invest in our securities.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top">Market for Common Stock</TD>
    <TD STYLE="text-align: justify">Since April 9, 2015, our common stock has been quoted on the OTCQB under the symbol &ldquo;MSRT&rdquo;. The last reported sale price of the Company&rsquo;s common stock, as of September 30, 2015 was $1.66 per share. &nbsp;See &ldquo;Market for Common Stock&rdquo; on page 23.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top">Dividends</TD>
    <TD STYLE="text-align: justify">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. <BR></TD></TR>
</TABLE>

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

<P STYLE="margin: 0; text-align: justify">The number of shares of our common stock outstanding before this offering excludes:</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">10,843,159 shares of common stock not included in this Offering that are issuable
upon the exercise of warrants or convertible debentures currently outstanding;</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">2,920,000 shares of common stock issuable upon the exercise of options granted under
our 2014 Equity Incentive Plan to certain employees and directors, not included in this Offering. </TD>
</TR></TABLE>

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

<P STYLE="margin: 0; text-align: justify">The number of shares of our common stock outstanding after this
offering excludes:</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">10,843,159 shares of common stock not included in this Offering that are issuable
upon the exercise of warrants or convertible debentures currently outstanding;</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">2,920,000 shares of common stock issuable upon the exercise of options granted under
our 2014 Equity Incentive Plan to certain employees and directors, not included in this 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">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">[ ] shares of common stock issuable upon exercise of the Warrants registered in this
Offering with an exercise price of $ [ ] per share.</TD>
</TR></TABLE>




<P STYLE="margin: 0; text-align: justify">The Maximum Offering Amount does not include any proceeds that may be received by us through the exercise
of the Warrants included in this offering.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>SUMMARY FINANCIAL DATA</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: justify">The following summary of our financial data
should be read in conjunction with, and is qualified in its entirety by reference to &#8220;Management&#8217;s Discussion and
Analysis of Financial Condition and Results of Operations&#8221; and our consolidated financial statements, appearing elsewhere
in this prospectus.&nbsp;&nbsp;</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"><B>Statements of Operations Data</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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 COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">For the year-ended<BR> December 31, 2014</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">For the quarter-ended<BR> March 31, 2015</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">For the quarter-ended<BR> June 30, 2015</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 45%">Revenue</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 15%; text-align: right">9,030</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 15%; text-align: right">941</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 15%; text-align: right">2,126</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left"></TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Loss from operations</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(1,607,223</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(564,810</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(1,491,005</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <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">Net loss</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(2,436,142</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(550,509</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(1,517,297</TD><TD STYLE="text-align: left">)</TD></TR>
</TABLE>

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

<P STYLE="margin: 0; text-align: justify"><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="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">As of<BR> December 31, 2014</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">As of<BR> March 31, 2015</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">As of<BR> June 30, 2015</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 45%">Cash</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 15%; text-align: right">141,928</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 15%; text-align: right">54,891</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 15%; text-align: right">171,363</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Total assets</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">366,524</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">952,296</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,475,827</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <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">Total liabilities</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,313,328</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,442,032</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">634,156</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Total stockholders&rsquo; equity (deficit)</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(946,799</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(489,736</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">841,671</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

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

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

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

<P STYLE="margin: 0; text-align: justify"><I>You should carefully consider
the risks described below and other information in this prospectus, including the financial statements and related notes that
appear at the end of this prospectus, before deciding to invest in our securities. These risks should be considered in conjunction
with any other information included herein, including in conjunction with forward-looking statements made herein. If any of the
following risks actually occur, they could materially adversely affect our business, financial condition, operating results or
prospects. 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"><I>&nbsp;</I></P>

<P STYLE="margin: 0; text-align: justify"><B><U>Risks Relating to Our Financial Condition</U></B></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">&nbsp;</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 the absence of significant revenues,
our significant losses from operations and our need for additional financing to fund all of our operations. It is not possible
at this time for us to predict with assurance the potential success of our business. The revenue and income potential of our proposed
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"><B><I>&nbsp;</I></B></P>

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

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<P STYLE="margin: 0; text-align: justify"><B><I>We have limited operational history
in an emerging industry, making it difficult to accurately predict and forecast business operation. </I></B></P>

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

<P STYLE="margin: 0; text-align: justify">As we have less than three years of
corporate operational history and have only began to attempt to generate revenue, it is extremely difficult to make accurate predictions
and forecasts on our finances. This is compounded by the fact we operate in both the technology and cannabis industries, two rapidly
transforming industries. There is no guarantee our products or services will remain attractive to potential and current users
as these industries undergo rapid change or that potential customers will utilize our services.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>As a growing technological company,
we have yet to achieve a profit and may not achieve a profit in the near future, if at all.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">We have not yet produced a net profit
and may not in the near future, if at all. While we expect our revenue to grow significantly, we have not achieved profitability
and cannot be certain that we will be able to sustain our current growth rate or realize sufficient revenue to achieve profitability.
Further, many of our competitors in the technological fields, such as Twitter, Inc., have a significantly larger user base and
revenue stream, but have yet to achieve profitability. Our ability to continue as a going concern may be dependent upon raising
capital from financing transactions, increasing revenue throughout the year and keeping operating expenses below our revenue levels
in order to achieve positive cash flows, none of which can be assured.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>We may require additional capital
to support business growth, and this capital might not be available on acceptable terms, if at all.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">We intend to continue to make investments
to support our business growth and may require additional funds to respond to business challenges, including the need to develop
new features and products or enhance our existing products, improve our operating infrastructure or acquire complementary businesses
and technologies. Accordingly, we may need to engage in equity or debt financings to secure additional funds. If we raise additional
funds through future issuances of equity or convertible debt securities, our existing stockholders could suffer significant dilution,
and any new equity securities we issue could have rights, preferences and privileges superior to those of holders of our common
stock. Any debt financing we secure in the future could involve restrictive covenants relating to our capital raising activities
and other financial and operational matters, which may make it more difficult for us to obtain additional capital and to pursue
business opportunities, including potential acquisitions. We may not be able to obtain additional financing on terms favorable
to us, if at all. If we are unable to obtain adequate financing or financing on terms satisfactory to us when we require it, our
ability to continue to support our business growth and to respond to business challenges could be impaired, and our business may
be harmed.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><U>Risks Relating to Our Business and Industry</U></B><BR>
<BR>
</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Failure to properly scale our
network could result in diminished user experience.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">To date, we have been able to sustain
approximately 575,000 users with only minor issues. As we potentially scale to millions of users, the network's infrastructure
as it relates to storage space, bandwidth, processing ability, speed and other factors may begin to deteriorate or fail completely.
This may result in deteriorating user experience, system failures or system outages for continued periods of time. Additionally,
issues with cross- compatibility of our Android, iOS and Web properties may cause system glitches, failures or other technical
issues.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>New platform features or changes
to existing platform features could fail to attract new users, retain existing users or generate revenue.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Our business strategy is dependent
on its ability to develop platforms and features to attract new users and retain existing ones. Staffing changes, changes in user
behavior or development of competing networks may cause users to switch to alternative platforms or decrease their use of our
platform. To date, MassRoots for Business is only in its beginning stages and is has not begun to generate revenue. There is no
guarantee that companies and dispensaries will use these features and we may fail to generate revenue. Additionally, any of the
following events may cause decreased use of our properties:</P>

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

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<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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Emergence of competing websites and applications;</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Inability to convince potential users to join our network;</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">A decrease or perceived decrease in the quality of posts on the network;</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">An increase in content that is irrelevant to our users;</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Technical issues on certain platforms or in the cross-compatibility of multiple platforms;</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">An increase in the level of advertisements may discourage user engagement;</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">A rise in safety or privacy concerns; 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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">An increase in the level of spam or undesired content on the network.</TD>
</TR></TABLE>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Conflicts of interest may arise
from other business activities of our directors and officers.</I></B></P>

<P STYLE="margin: 0; text-align: justify"><BR>
Several of our officers and directors
are engaged in business activities outside of MassRoots that may cause conflicts of interest to arise. Our Chief Executive Officer,
Isaac Dietrich, is also the President of RoboCent, Inc. (&#8220;RoboCent&#8221;), a political technology company. Per RoboCent's
bylaws, it is party and cause-agnostic, meaning RoboCent is retained by candidates of both parties that may be supportive or opposed
to cannabis legalization. While RoboCent is not currently retained by any campaigns or political action committees directly related
to cannabis legalization, it is possible for it to be retained by committees seeking to pass or defeat cannabis legalization initiatives.
Mr. Dietrich is no longer involved in the day-to-day operations of RoboCent, nor is he involved RoboCent's client relations. Mr.
Dietrich spends less than one hour per week on RoboCent-related matters and spends 40+ hours per week on MassRoots-related work.</P>

<P STYLE="margin: 0; text-align: justify">Our independent director, Tripp Keber,
is the Managing Partner of Dixie Elixirs &amp; Edibles (&#8220;Dixie&#8221;), a cannabis edibles brand in Colorado. Dixie is one
of MassRoots' partners in beta-testing advertising strategies; however, there is not currently a financial relationship between
the two companies.</P>

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

<P STYLE="margin: 0; text-align: justify">Our other independent director, Ean
Seeb, is also a partner at Denver Relief Consulting LLC. In this capacity, he advises dispensaries and other cannabis-related
companies on regulatory compliance, dispensary operations and marketing. His seat on the MassRoots Board of Directors may cause
other cannabis-related consulting agencies and competitors to Denver Relief Consulting LLC's clients to be hesitant to advertise
with MassRoots. Potential conflicts of interest may arise from Ean Seeb's position as Chairman of the National Cannabis Industry
Association (&#8220;NCIA&#8221;), the leading trade group of the cannabis industry. While MassRoots has been in agreement with
the NCIA's decisions and actions to date, we cannot guarantee conflicts will not arise in the future.</P>

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

<P STYLE="margin: 0; text-align: justify">Stewart Fortier, our director and our
Chief Technology Officer, Tyler Knight, our Chief Marketing Officer, and Daniel Hunt, our Chief Operating Officer, are not currently
involved in any business outside of MassRoots and devote 100% of their time towards MassRoots-related matters.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>If we lose key management or significant
personnel, cannot recruit qualified employees, directors, officers, or other personnel or experience increases in our compensation
costs, our business may materially suffer.</I></B></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 are highly dependent on our management
team, specifically Isaac Dietrich, Stewart Fortier, Tyler Knight and Daniel Hunt. While we have employment agreements currently
with Isaac Dietrich, Stewart Fortier, Tyler Knight and Daniel Hunt, which outlines their respective roles and responsibilities,
as Chief Executive Officer, Chief Technology Officer, Chief Marketing Officer, and Chief Operating Officer, such employment agreements,
permit the parties thereto to terminate such agreements upon notice. As such, each of these individuals may terminate their relationship
with us upon notice. If we lose key employees, our business may suffer. Furthermore, our future success will also depend in part
on the continued service of our key scientific and management personnel and our ability to identify, hire, and retain additional
personnel. We do not carry &#8220;key-man&#8221; life insurance on the lives of any of our employees or advisors. We experience
intense competition for qualified personnel and may be unable to attract and retain the personnel necessary for the development
of our business. Because of this competition, our compensation costs may increase significantly.</P>

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

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

<P STYLE="margin: 0; text-align: justify"><B><I>We will need to raise additional
capital to continue its operations over the coming year.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">We anticipate the need to raise approximately
$2,200,000 in additional capital to fund our operations through December 31, 2016; however, we hope to raise a significant amount
of these funds through the exercise of warrants. As of September 30, 2015, we would receive up to approximately $2.5 million from
the exercise of our warrants. We expect to use these cash proceeds from the exercise of warrants, in addition to the current capital
on hand, primarily to accelerate our user growth, implement consumer-facing features to boost engagement, develop and market a
self-service advertising portal for cannabis-related businesses, and remain in full legal and accounting compliance with the SEC.
We cannot guarantee that we will be able to raise these required funds or generate sufficient revenue to remain operational.</P>

<P STYLE="margin: 0; text-align: justify"><BR>
<B><I>Our monetization strategy is
dependent on many factors outside our control.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">There is no guarantee that our efforts
to monetize the MassRoots network will be successful. Furthermore, our competitors may introduce more advanced advertising portals
that deliver a greater value proposition to cannabis related businesses over the coming months. For example, Google, Facebook
and Twitter may decide to allow dispensary-related advertising on their platforms, significantly increasing the competitive environment.
Users may stop using our products for many reasons, including the addition of advertising, preventing any monetization from occurring.
The development of our advertising platform may take longer than expected and cost more money than projected. Dispensaries may
not have credit or bank cards due to banking regulations, which could significantly increase the cost and time required for us
to generate revenue. All these factors individually or collectively may preclude us from effectively monetizing our business.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Operating a network open to all
internet users may result in legal consequences.</I></B></P>

<P STYLE="margin: 0; text-align: justify"><BR>
Our Terms and Conditions clearly state
that our network and services are only to be used by users who are over 18 years old and located where the use of cannabis is
permissible under state law and only in a manner which would be permissible under the applicable state law. However, it is impractical
to independently verify that all activity occurring on our network fits into this description. As such, we run the risk of federal
and state law enforcement prosecution.</P>

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

<P STYLE="margin: 0; text-align: justify">We have taken several steps which attempt
to prevent the use of our network in manners which violate our Terms and Conditions. When a user downloads our App from the Google
Play Marketplace or Apple App Store, MassRoots mandates that a user provides their location in order to create account. This location
is pulled directly from users&#8217; phones (with their permission) and if a user is not located in one of the 23 states with
medical cannabis laws, the application is locked and is unable to be used. We have disabled registration on web and mobile web
until we have the financial resources to accurately verify users&#8217; locations through their web browsers, so all prospective
users must register through our mobile applications. Lastly, the Google Play Marketplace and the iOS App Store only allow users
that are 17 years of age and older to download our app.</P>

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

<P STYLE="margin: 0; text-align: justify">We have also implemented an aggressive
content reporting review policy to remove any content which violates our Terms and Conditions. We have introduced a system that
automatically flags any posts for review, removal, and possible account suspension that includes certain words such as &quot;gun&quot;
or &quot;acid.&#8221; As soon as content is flagged by one of MassRoots&#8217; automated systems or by another user, it is removed
from view until we have had the time to review the content.</P>

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

<P STYLE="margin: 0; text-align: justify">Although the Obama Administration has
effectively stated that it is not an efficient use of resources to direct Federal law enforcement agencies to prosecute those
following certain state laws allowing for the use and distribution of medical and recreational cannabis, there can be no assurance
that the administration will not change its stated policy and begin enforcement of the Federal laws against us or our users. Additionally,
there can be no assurance that we will not face criminal prosecution from states where the use of cannabis is permitted for the
use of cannabis in ways which do not fall under the state law. Finally, even if we attempt to prevent the use of our product in
states where cannabis use is not permitted under state law, use of our app by those in such states may still occur and state authorities
may still bring an action against us for the promotion of cannabis related material by those residing in such states.</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>Changes in Apple App Store or
Google Play Store policies could result in our mobile applications being de-listed.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">On November 4, 2014, the MassRoots
App was removed from Apple&#8217;s iOS App Store due to the App Store review team changing their app enforcement guidelines to
prohibit all social cannabis applications. After negotiation with Apple and the addition of certain restrictions, the MassRoots
App returned to the App Store in February 2015.</P>

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

<P STYLE="margin: 0; text-align: justify">While we are grateful to Apple for
reversing its decision, we cannot guarantee this policy will remain in place forever. The Apple App Store is one of the largest
content distribution channels in the world and is the only way to effectively distribute software to the 41.6% of the United States
population who own iPhones and iPads. The Apple App Store review team effectively operates as our iOS App&#8217;s regulator &#8211;
they decide what rules that iOS apps must operate under and how to enforce those regulations. The rules related to cannabis-related
apps are not published, appear to be arbitrarily enforced, and the review and appeal processes are conducted in secret without
public oversight. While we will continue pushing for a more open and transparent App Store review process that will allow decisions
that affect 41.6% of the United States population to be open to public scrutiny, there can be no assurance that we will be successful
in these efforts.</P>

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

<P STYLE="margin: 0; text-align: justify">MassRoots has not encountered issues
with the Google Play Store nor have any of our competitors. However, under their respective developer license agreements, Apple
and Google have the right to update their App Store and Play Store policies, respectfully, to prohibit cannabis-related applications
at any time. This could result in many prospective users being unable to access and join our network and existing users being
unable to access our App. If this occurred, this would significantly harm our business model.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Failure to generate user growth
or engagement could greatly harm our business model.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Our business model is reliant on its
ability to attract and retain new users. There is no guarantee that growth strategies used in the past will continue to bring
new users to the network. Changes in relationships with our partners, contractors and businesses we retain to grow the network
may result in significant increases in the cost to acquire new users. Additionally, new users may fail to engage with the network
to the same extent current users are, resulting in decreased usage of the network. Decreases in the size of our user base and/or
decreased engagement on the network would greatly impair our ability to generate revenue.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Failure to attract advertising
clients could greatly harm our ability to generate revenue</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Our ability to generate revenue is
dependent on the continued growth of the network and its ability to convince advertisers of its value. Should we prove unable
to continue to grow its network or register advertising partners as the network grows, its ability to generate revenue would be
greatly compromised. There is no guarantee businesses will want to advertise on our network or that we will be able to generate
revenue from its existing user base.&nbsp;</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Our proposed business is dependent
on state laws pertaining to the cannabis industry. </I></B></P>

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

<P STYLE="margin: 0; text-align: justify">As of June 30, 2015, 23 states and
the District of Columbia allow their citizens to use medical cannabis. Additionally, Colorado, Washington, Alaska, Oregon and
Washington DC have legalized cannabis for adult use at the state (or district) level. Continued development of the cannabis industry
is dependent upon continued legislative authorization of cannabis at the state level. Any number of factors could slow or halt
progress in this area. Further, progress in the cannabis industry, while encouraging, is not assured. While there may be ample
public support for legislative action, numerous factors impact the legislative process. Any one of these factors could slow or
halt use of cannabis, which would negatively impact our proposed business.</P>

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

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

<P STYLE="margin: 0; text-align: justify"><B><I>Cannabis remains illegal under
Federal law.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Despite the development of a legal
cannabis industry under the laws of certain states, these state laws legalizing medical and adult cannabis use are in conflict
with the Federal Controlled Substances Act, which classifies cannabis as a schedule-I controlled substance and makes cannabis
use and possession illegal on a national level. The United States Supreme Court has ruled that it is the Federal government that
has the right to regulate and criminalize cannabis, even for medical purposes, and thus Federal law criminalizing the use of cannabis
preempts state laws that legalize its use. However, the Obama Administration has effectively stated that it is not an efficient
use of resources to direct Federal law enforcement agencies to prosecute those lawfully abiding by state-designated laws allowing
the use and distribution of medical and recreational cannabis. Yet, there is no guarantee that the Obama Administration will not
change its stated policy regarding the low-priority enforcement of Federal laws in states where cannabis has been legalized. Additionally,
we face another presidential election cycle in 2016, and a new administration could introduce a less favorable policy or decide
to enforce the Federal laws strongly. Any such change in the Federal government&#8217;s enforcement of Federal laws could cause
significant financial damage to us and our shareholders.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>As the possession and use of
cannabis is illegal under the Federal Controlled Substances Act, we may be deemed to be aiding and abetting illegal activities
through the services that we provide to users and advertisers. As a result, we may be subject to enforcement actions by law enforcement
authorities, which would materially and adversely affect our business.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Under Federal law, and more specifically
the Federal Controlled Substances Act, the possession, use, cultivation, and transfer of cannabis is illegal. Our business provides
services to customers that were engaged in the business of possession, use, cultivation, and/or transfer of cannabis. As a result,
law enforcement authorities, in their attempt to regulate the illegal use of cannabis, may seek to bring an action or actions
against us, including, but not limited, to a claim of aiding and abetting another&#8217;s criminal activities. The Federal aiding
and abetting statute provides that anyone who &#8220;commits an offense against the United States or aids, abets, counsels, commands,
induces or procures its commission, is punishable as a principal.&#8221; 18 U.S.C. &sect;2(a). As a result of such an action,
we may be forced to cease operations and our investors could lose their entire investment. Such an action would have a material
negative effect on our business and operations.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Federal enforcement practices
could change with respect to services providers to participants in the cannabis industry, which could adversely impact us. If
the Federal government were to change its practices, or were to expend its resources attacking providers in the cannabis industry,
such action could have a materially adverse effect on our operations, our customers, or the sales of our products.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">It is possible that additional Federal
or state legislation could be enacted in the future that would prohibit our advertisers from selling cannabis, and, if such legislation
were enacted, such advertisers may discontinue the use of our services, our potential source of customers would be reduced, causing
revenues could decline. Further, additional government disruption in the cannabis industry could cause potential customers and
users to be reluctant use and advertise on our products, which would be detrimental to the Company. We cannot predict the nature
of any future laws, regulations, interpretations or applications, nor can we determine what effect additional governmental regulations
or administrative policies and procedures, when and if promulgated, could have on our business.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Government actions could result
in our products and services being unavailable in certain geographic regions, harming future growth.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Due to our connections to the cannabis
industry, governments and government agencies could ban or cause our network or apps to become unavailable in certain regions
and jurisdictions. This could greatly impair or prevent us from registering new users in affected areas and prevent current users
from accessing the network. In addition, government action taken against our service providers or partners could cause our network
to become unavailable for extended periods of time.</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>User engagement and growth depends
on software and device updates beyond our control.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Our applications and websites are currently
available on multiple operating systems, including iOS and Android, across multiple different manufacturers, including Motorola,
LG, Apple and Samsung, on thousands of different individual devises. Changes to the device infrastructure or software updates
on these devises could render our platforms and services useless or inoperable. This could prevent potential users from registering
with us, decrease engagement among current users and devalue our value proposition to advertisers.&nbsp;</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>We may be unable to manage growth,
which may impact our potential profitability.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Successful implementation of our business
strategy requires us to manage our growth. &nbsp;Growth could place an increasing strain on our management and financial resources.
&nbsp;To manage growth effectively, we will need 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">Establish definitive business strategies, goals and objectives;</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">Maintain a system of management controls; 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">Attract and retain qualified personnel, as well as, develop, train and manage management-level
and other employees.</TD>
</TR></TABLE>



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

<P STYLE="margin: 0; text-align: justify">If we fail to manage our growth effectively,
our business, financial condition or operating results could be materially harmed, and our stock price may decline.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>We may not be able to compete
successfully with other established companies offering the same or similar services and, as a result, we may not achieve our projected
revenue and user targets.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">If we are unable to compete successfully
with other businesses in our existing market, we may not achieve our projected revenue and/or user targets. We compete with both
start-up and established technology companies. Compared to our business, some of our competitors may have greater financial and
other resources, have been in business longer, have greater name recognition and be better established in the technological or
cannabis markets.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Expansion by our well-established
competitors into the cannabis industry could prevent us from realizing anticipated growth in users and revenues.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Our competitors, such as Twitter and
Facebook, have continued to expand their businesses in recent years into other social network markets. If they decided to expand
their social networks into the cannabis community, this could hurt the growth of our business and user base and cause our revenues
to be lower than we expect.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Government regulation of the
Internet and e-commerce is evolving, and unfavorable changes could substantially harm our business and results of operations.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">We are subject to general business
regulations and laws as well as Federal and state regulations and laws specifically governing the Internet and e-commerce. Existing
and future laws and regulations may impede the growth of the Internet, e-commerce or other online services, and increase the cost
of providing online services. These regulations and laws may cover sweepstakes, taxation, tariffs, user privacy, data protection,
pricing, content, copyrights, distribution, electronic contracts and other communications, consumer protection, broadband residential
Internet access and the characteristics and quality of services. It is not clear how existing laws governing issues such as property
ownership, sales, use and other taxes, libel and personal privacy apply to the Internet and e-commerce. Unfavorable resolution
of these issues may harm our business and results of operations.</P>

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

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

<P STYLE="margin: 0; text-align: justify"><B><I>If we have material weaknesses
in the financial reporting of our company, it may cause us to restate our financial statements in the event such weaknesses are
determined to not be acceptable to financial reporting requirements.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">While our review of material weaknesses
is ongoing, if we discover any weaknesses that could cause us to have to restate our financial statements, this could cause us
to expend additional funds that would have a material impact on our ability to generate profits and on the profits of our business.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>We will be dependent on clients
that want to use the Internet and Mobile Applications.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Our ability to maintain consistent
business depends in part upon our ability to acquire new clients. Our inability to gain new clients during periods of high unemployment
could increase our costs and could cause a slowdown in business with the sales of our products or cause us to temporarily close
our business. If we temporarily close our business, we may experience a significant reduction in revenue during the time affected
by the closure.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>The failure to enforce and maintain
our intellectual property rights could enable others to use names confusingly similar to MassRoots, Inc. and other names and marks
used by our business, which could adversely affect the value of the brand.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">The success of our business depends
on our continued ability to use our existing trade name in order to increase our brand awareness. In that regard, we believe that
our trade name is valuable asset that is critical to our success. The unauthorized use or other misappropriation of our trade
name could diminish the value of our business concept and may cause a decline in our revenue.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Any new indebtedness may adversely
affect our financial condition, results of operations, limit our operational and financing flexibility and negatively impact our
business.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Any revolving credit facility, and
other debt instruments we may enter into in the future, may have negative consequences to our business, including but not limited
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">Our ability to obtain financing for working capital, capital expenditures, acquisitions
or general corporate purposes may be impaired;</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">We may use a substantial portion of our cash flows from operations to pay interest
on any new indebtedness, which will reduce the funds available to us for operations and other purposes;</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">Our level of indebtedness could place us at a competitive disadvantage compared to
our competitors that may have proportionately less debt;</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">Our flexibility in planning for, or reacting to, changes in our business and the industry
in which we operate may be limited; 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">Our level of indebtedness may make us more vulnerable to economic downturns and adverse
developments in our business.</TD>
</TR></TABLE>

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



<P STYLE="margin: 0; text-align: justify">We expect that we will depend primarily
upon invested capital to provide funds to pay our expenses and to pay any amounts that may become due under any new credit facility
and any other indebtedness we may incur. Our ability to make these payments depends on our future performance, which will be affected
by various financial, business, economic and other factors, many of which we cannot control.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>We depend on the services of
key executives, the loss of who could materially harm our business and our strategic direction if we were unable to replace them
with executives of equal experience and capabilities.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Our senior executives, Isaac Dietrich,
Tyler Knight, Daniel Hunt, and Stewart Fortier, are important to our success because they are instrumental in setting our strategic
direction, operating our business, identifying, expansion opportunities and arranging any necessary financing. Losing the services
of these individuals could adversely affect our business until suitable replacements could be found. We do not maintain key person
life insurance policies on any of our executives.</P>

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

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<P STYLE="margin: 0; text-align: justify"><B><I>We expect to incur substantial
expenses to meet our reporting obligations as a public company. In addition, failure to maintain adequate financial and management
processes and controls could lead to errors in our financial reporting and could harm our ability to manage our expenses.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">We estimate that it will cost approximately
$150,000 annually to maintain the proper management and financial controls for our filings required as a public reporting company.
In addition, if we do not maintain adequate financial and management personnel, processes and controls, we may not be able to
accurately report our financial performance on a timely basis, which could cause a decline in our stock price and adversely affect
our ability to raise capital.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Due to our involvement in the
cannabis industry, we may have a difficult time obtaining the various insurances that are desired to operate our business, which
may expose us to additional risk and financial liabilities.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Insurance that is otherwise readily
available, such as workers compensation, general liability, and directors and officers insurance, is more difficult for us to
find, and more expensive, because we were service providers to companies in the medicinal cannabis industry. There are no guarantees
that we will be able to find such insurances in the future, or that the cost will be affordable to us. If we are forced to go
without such insurances, it may prevent us from entering into certain business sectors, may inhibit our growth, and may expose
us to additional risk and financial liabilities.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Participants in the cannabis
industry may have difficulty accessing the service of banks, which may make it difficult for us to operate. </I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Despite recent rules issued by the
United States Department of the Treasury mitigating the risk to banks who do business with cannabis companies operating in compliance
with applicable state laws, as well as recent guidance from the United States Department of Justice, banks remain weary to accept
funds from businesses in the cannabis industry. Since the use of cannabis remains illegal under Federal law, there remains a compelling
argument that banks may be in violation of Federal law when accepting for deposit funds derived from the sale or distribution
of cannabis. Consequently, businesses involved in the cannabis industry continue to have trouble establishing banking relationships.
An inability to open bank accounts may make it difficult for us, or some of our advertisers, to do business.</P>

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

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

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

<P STYLE="margin: 0; text-align: justify"><B><I>We may allocate net proceeds
from this offering in ways which differ from our estimates based on our current plans and assumptions discussed in the section
entitled &#8220;Use of Proceeds&#8221; and with which you may not agree.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">The allocation of net proceeds of the
offering set forth in the &#8220;Use of Proceeds&#8221; section below represents our estimates based upon our current plans and
assumptions regarding industry and general economic conditions, our future revenues and expenditures. The amounts and timing of
our actual expenditures will depend on numerous factors, including user growth, success of our MassRoots for Business initiatives,
cash generated by our operations and business developments. We may find it necessary or advisable to use portions of the proceeds
from this offering for other purposes. Circumstances that may give rise to a change in the use of proceeds and the alternate purposes
for which the proceeds may be used are discussed in the section entitled &#8220;Use of Proceeds&#8221; below. You may not have
an opportunity to evaluate the information on which we base our decisions on how to use the proceeds and may not agree with the
decisions made. Additional information is available in the &#8220;Use of Proceeds&#8221; section of this Registration Statement
of which this Prospectus is a part of.</P>

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

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

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<P STYLE="margin: 0; text-align: justify"><B><I>The market price for our common
stock will be particularly volatile given our status as a relatively unknown company, with a limited operating history and lack
of profits which could lead to wide fluctuations in our share price. You may be unable to sell your common stock at or above your
purchase price, which may result in substantial losses to you.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Our stock price will be particularly
volatile when compared to the shares of larger, more established companies that trade on a national securities exchange and have
large public floats. &nbsp;The volatility in our share price will be attributable to a number of factors. &nbsp;First, our common
stock will be compared to the shares of such larger, more established companies, sporadically and thinly traded. &nbsp;As a consequence
of this limited liquidity, the trading of relatively small quantities of shares by our shareholders may disproportionately influence
the price of those shares in either direction. &nbsp;The price for our shares could decline precipitously in the event that a
large number of our common stock are sold on the market without commensurate demand. &nbsp;Secondly, we are a speculative or &#8220;risky&#8221;
investment due to our limited operating history and lack of profits to date, and uncertainty of future market acceptance for our
potential products. &nbsp;As a consequence of this enhanced risk, more risk-adverse investors may, under the fear of losing all
or most of their investment in the event of negative news or lack of progress, be more inclined to sell their shares on the market
more quickly and at greater discounts than would be the case with the stock of a larger, more established company that trades
on a national securities exchange and has a large public float. &nbsp;Many of these factors are beyond our control and may decrease
the market price of our common stock, regardless of our operating performance. &nbsp;We cannot make any predictions or projections
as to what the prevailing market price for our common stock will be at any time. Moreover, the OTCQB 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.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Since our securities are subject
to penny stock rules you may have difficulty selling your shares.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Our shares of common stock are &#8220;penny stocks&#8221; and are covered by
Section 12(g) of the 1934 Securities and Exchange Act which imposes additional sales practices which requires broker/dealers
who sell our securities, including the delivery of a standardized disclosure document; disclosure and confirmation of
quotation prices; disclosure of compensation the broker/dealer receives; and furnishing monthly account statements. &nbsp;For
sales of our securities a broker/dealer must make a special suitability determination and receive from its client a written
agreement prior to making a sale. &nbsp;The imposition of the foregoing additional sales practices could adversely affect a
shareholder&#8217;s ability to dispose of his 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 exercise of warrants to purchase shares of our Common Stock and the conversion of debentures into
shares of our Common Stock. </I></B></P>

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

<P STYLE="margin: 0; text-align: justify">  As of September 30, 2015, we have outstanding warrants
to purchase a total of 3,597,500 shares of our common stock at an exercise price of $0.40; outstanding warrants to purchase 3,963,659
shares of our common stock at an exercise price of $0.001 per share; outstanding warrants to purchase 866,000 shares of our common
stock at an exercise price of $1.00 per share; outstanding warrants to purchase 175,000 shares of our common stock at an exercise
price of $0.90 per share, outstanding warrants to purchase 100,000 shares of our common stock at an exercise price of $0.50 per
share, and outstanding warrants to purchase 50,000 shares of our common stock at an exercise price of $0.60 per share. Further,
we have outstanding convertible debentures in the aggregate amount of $209,100 redeemable via conversion into shares of our common
stock at $0.10 per share. Lastly, under the 2014 Employee Equity Incentive Plan, there are 1,750,000 options exercisable at $0.10
per share, 1,065,000 options at $0.50 per share and 105,000 options at $0.60 per share. Accordingly, if such warrants and options
are exercised and debentures are converted, in whole or part, prior to their respective expiration dates, you may experience substantial
dilution. 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">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify"><B><I>Because we can issue additional
shares of common stock, purchasers of our common stock may incur immediate dilution and experience further dilution.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">We are authorized to issue up to 200,000,000
shares of common stock, of which 45,928,971 shares of common stock are issued and outstanding as of September 30, 2015. Our Board
of Directors has the authority to cause us to issue additional shares of common stock and to determine the rights, preferences
and privileges of such shares, without consent of any of our stockholders. Consequently, the stockholders may experience more
dilution in their ownership of our stock in the future.</P>

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

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

<P STYLE="margin: 0; text-align: justify"><B><I>We are applying for listing of our common
stock and the warrants issued in this offering on the NASDAQ Capital Market. If we fail to comply with the continuing listing
standards of the NASDAQ Capital Market, our securities could be delisted.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">We expect that our common stock will be eligible
to be listed on the NASDAQ Capital Market. For our common stock to be listed on the NASDAQ Capital Market, we must meet the current
NASDAQ Capital Market initial and continued listing requirements. If we were unable to meet these requirements, our common stock
could be delisted from the NASDAQ Capital Market. If our common stock were to be delisted from the NASDAQ Capital Market, our
common stock could continue to trade on the over-the-counter bulletin board following any delisting from the NASDAQ Capital Market.
Any such delisting of our common stock could have an adverse effect on the market price of, and the efficiency of the trading
market for, our common stock, not only in terms of the number of shares that can be bought and sold at a given price, but also
through delays in the timing of transactions and less coverage of us by securities analysts, if any. Also, if in the future we
were to determine that we need to seek additional equity capital, it could have an adverse effect on our ability to raise capital
in the public or private equity markets.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>We may be required to complete
a reverse stock split of our outstanding common stock in order to meet the initial listing requirements of the NASDAQ Capital
Market. However, we cannot assure you that we will be able to continue to comply with the minimum price requirements of the NASDAQ
Capital Market.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">We may be required to complete a reverse stock split in order to achieve the
requisite increase in the market price of our common stock to be in compliance with the minimum price requirements of the
NASDAQ Capital Market. We cannot assure you that the market price of our common stock following the reverse stock split will
remain at the level required for the period of time required for listing or for continuing compliance with that requirement.
It is not uncommon for the market price of a company&#8217;s common stock to decline in the period following a reverse stock
split. If the market price of our common stock declines following the effectuation of a reverse stock split, the percentage
decline may be greater than would occur in the absence of a reverse stock split. In any event, other factors unrelated to the
number of shares of our common stock outstanding, such as negative financial or operational results, could adversely affect
the market price of our common stock and jeopardize our ability to obtain or maintain the NASDAQ Capital Market&#8217;s
minimum price requirements. In addition to specific listing and maintenance standards, the NASDAQ Capital Market have broad
discretionary authority over the initial and continued listing of securities, which it could exercise with respect to the
listing of our common stock.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Even if a reverse stock split
increases the market price of our common stock, there can be no assurance that we will be able to comply with other initial or
continued listing standards of the NASDAQ Capital Market.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Even if the market price of our common
stock increases sufficiently so that we comply with the minimum bid price requirement, we cannot assure you that we will be able
to comply with the other standards that we are required to meet in order to achieve or maintain a listing of our common stock
sold in this offering on the NASDAQ Capital Market. Our failure to meet these requirements may result in our common stock sold
in this offering being delisted from the NASDAQ Capital Market, irrespective of our compliance with the minimum bid price requirement.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>A reverse stock split may decrease the
liquidity of the shares of our common stock.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">The liquidity of the shares of our common
stock may be affected adversely by a reverse stock split given the reduced number of shares that will be outstanding following
a reverse stock split, especially if the market price of our common stock does not increase as a result of the reverse stock split.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Following a reverse stock split, the
resulting market price of our common stock may not attract new investors, including institutional investors, and may not satisfy
the investing requirements of those investors. Consequently, the trading liquidity of our common stock may not improve.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Although we believe that a higher market price
of our common stock may help generate greater or broader investor interest, we cannot assure you that the reverse stock split
will result in a share price that will attract new investors.</P>

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

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

<P STYLE="margin: 0; text-align: justify"><B><I>We are classified as an &#8220;emerging
growth company&#8221; as well as a &#8220;smaller reporting company&#8221; 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. &nbsp;We cannot predict if investors will find
our common stock less attractive because we may rely on these exemptions. &nbsp;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 &#8220;emerging growth company&#8221; 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. &nbsp;In other words, an &#8220;emerging growth
company&#8221; can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies.
&nbsp;&nbsp;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 &#8220;emerging
growth company&#8221; 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 &#8220;large accelerated filer&#8221; 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 &#8220;smaller reporting company.&#8221; Specifically, similar to &#8220;emerging growth companies,&#8221; &#8220;smaller
reporting companies&#8221; 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.</P>

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

<P STYLE="margin: 0; text-align: justify">Decreased disclosures in our SEC filings
due to our status as an &#8220;emerging growth company&#8221; or &#8220;smaller reporting company&#8221; may make it harder for
investors to analyze our results of operations and financial prospects.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Because directors and officers currently
and for the foreseeable future will continue to control MassRoots, it is not likely that you will be able to elect directors or
have any say in the policies of MassRoots.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">Our shareholders are not entitled to cumulative
voting rights. Consequently, the election of directors and all other matters requiring shareholder approval will be decided by
majority vote. The directors and officers of MassRoots beneficially own approximately 58% of our outstanding common stock.&nbsp;&nbsp;Due
to such significant ownership position held by our insiders, new investors may not be able to effect a change in our business
or management, and therefore, shareholders would have no recourse as a result of decisions made by management.</P>

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

<P STYLE="margin: 0; text-align: justify">In addition, sales of significant amounts
of shares held by our officer and directors, or the prospect of these sales, could adversely affect the market price of our common
stock. Management&#8217;s stock ownership may discourage a potential acquirer from making a tender offer or otherwise attempting
to obtain control of us, which in turn could reduce our stock price or prevent our stockholders from realizing a premium over
our stock price.</P>

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

<P STYLE="margin: 0; text-align: justify"><B><I>Since we intend to retain any earnings
for development of our business for the foreseeable future, you will likely not receive any dividends for the foreseeable future.</I></B></P>

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

<P STYLE="margin: 0; text-align: justify">We have never declared or paid any cash dividends
or distributions on our capital stock. We currently intend to retain our future earnings to support operations and to finance
expansion and therefore we do not anticipate paying any cash dividends on our common stock in the foreseeable future.</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</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>NOTE ABOUT FORWARD-LOOKING STATEMENTS</B></P>

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

<P STYLE="margin: 0; text-align: justify">Statements under, &#8220;Prospectus
Summary,&#8221; &#8220;Risk Factors,&#8221; &#8220;Management&#8217;s Discussion and Analysis of Financial Condition and Results
of Operations,&#8221; &#8220;Description of Business&#8221; and elsewhere in this prospectus may be &quot;forward-looking statements.&quot;
Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies,
predictions or any other statements relating to our future activities or other future events or conditions. These statements include,
among other things, statements regarding:</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the growth of our business and revenues and our expectations about the factors that
influence our success;</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">our plans to continue to invest in systems, facilities, and infrastructure, increase
our hiring and grow our business;</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">our plans for our MassRoots for Business portal and the strategy and timing of any
plans to monetize our network, including the paid conversion rates;</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">our user growth expectations;</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">our ability to attain funding and the sufficiency of our sources of funding;</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">our expectation that our cost of revenues, development expenses, sales and marketing
expenses, and general and administrative expenses will increase;</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">fluctuations in our capital expenditures;</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">our plans for potential business partners and any acquisition plans;</TD>
</TR></TABLE>


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

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="font-weight: normal">as well as other statements regarding our future
operations, financial condition and prospects, and business strategies. These statements are based on current expectations,
estimates and projections about our business based, in part, on assumptions made by management. These statements are not
guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore,
actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in the
forward-looking statements due to numerous factors, including those described above and those risks discussed from time to
time in this registration statement, of which this prospectus is a part, including the risks described under &quot;Risk
Factors.&#8221; Any forward- looking statements speak only as of the date on which they are made, and we do not undertake any
obligation to update any forward-looking statement to reflect events or circumstances that occur in the future. </FONT></P>

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

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="font-weight: normal">If
one or more of these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual
results may vary materially from what we may have projected. Any forward-looking statements you read in this prospectus reflect
our current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating
to our operations, results of operations, financial condition, growth strategy and liquidity. You should specifically consider
the factors identified in this prospectus that could cause actual results to differ before making an investment decision.</FONT></P>

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

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

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

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

<P STYLE="margin: 0; text-align: justify">MassRoots will use the net proceeds from this
offering for our general corporate purposes and working capital, to accelerate user-growth, develop new feature sets for our mobile
applications, expand the services we offer to businesses and to meet the enhanced corporate governance and reporting requirements
mandated by the Nasdaq Capital Markets. Any proceeds received by the Company may be used for growing our network, general corporate
purposes and working capital, acquisitions or assets, businesses or operations or for other purposes that the Board of Directors,
in its good faith, deems to be in the best interest of the Company. The Company does not have any current plans or arrangements
for specific acquisitions. Below is our estimate of how we expect the proceeds to be used if we sell 25%, 50%, 75% and the entire
offering:</P>

<P STYLE="font: 10pt 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">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Sale&nbsp;of 25%</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Sale&nbsp;of 50%</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Sale&nbsp;of 75%</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Sale&nbsp;of 100%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Use&nbsp;of&nbsp;Proceeds</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">of the Offering</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">of the Offering</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">of the Offering</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">of the Offering</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 40%; text-align: left; padding-left: 5.4pt">Gross Proceeds</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">2,000,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">4,000,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">6,000,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">8,000,000</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">Offering expenses</TD><TD STYLE="color: #222222">&nbsp;</TD>
    <TD STYLE="color: #222222; text-align: left">$</TD><TD STYLE="color: #222222; text-align: right">100,000</TD><TD STYLE="color: #222222; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">110,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">120,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">130,000</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">Net proceeds</TD><TD STYLE="color: #222222">&nbsp;</TD>
    <TD STYLE="color: #222222; text-align: left">$</TD><TD STYLE="color: #222222; text-align: right">1,900,000</TD><TD STYLE="color: #222222; text-align: left">&nbsp;</TD><TD STYLE="color: #222222">&nbsp;</TD>
    <TD STYLE="color: #222222; text-align: left">$</TD><TD STYLE="color: #222222; text-align: right">3,890,000</TD><TD STYLE="color: #222222; text-align: left">&nbsp;</TD><TD STYLE="color: #222222">&nbsp;</TD>
    <TD STYLE="color: #222222; text-align: left">$</TD><TD STYLE="color: #222222; text-align: right">5,880,000</TD><TD STYLE="color: #222222; text-align: left">&nbsp;</TD><TD STYLE="color: #222222">&nbsp;</TD>
    <TD STYLE="color: #222222; text-align: left">$</TD><TD STYLE="color: #222222; text-align: right">7,870,000</TD><TD STYLE="color: #222222; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Marketing, sales and business development</TD><TD STYLE="color: #222222">&nbsp;</TD>
    <TD STYLE="color: #222222; text-align: left">$</TD><TD STYLE="color: #222222; text-align: right">1,000,000</TD><TD STYLE="color: #222222; text-align: left">&nbsp;</TD><TD STYLE="color: #222222">&nbsp;</TD>
    <TD STYLE="color: #222222; text-align: left">$</TD><TD STYLE="color: #222222; text-align: right">2,500,000</TD><TD STYLE="color: #222222; text-align: left">&nbsp;</TD><TD STYLE="color: #222222">&nbsp;</TD>
    <TD STYLE="color: #222222; text-align: left">$</TD><TD STYLE="color: #222222; text-align: right">3,500,000</TD><TD STYLE="color: #222222; text-align: left">&nbsp;</TD><TD STYLE="color: #222222">&nbsp;</TD>
    <TD STYLE="color: #222222; text-align: left">$</TD><TD STYLE="color: #222222; text-align: right">4,100,000</TD><TD STYLE="color: #222222; 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">Working capital and operating expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">800,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,240,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">2,030,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">3,270,000</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">Reserved for special projects</TD><TD STYLE="color: #222222">&nbsp;</TD>
    <TD STYLE="color: #222222; text-align: left">$</TD><TD STYLE="color: #222222; text-align: right">100,000</TD><TD STYLE="color: #222222; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">150,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">350,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">500,000</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 allocation of the net proceeds of the
offering set forth above represents our estimates based upon our current plans and assumptions regarding industry and general
economic conditions, our future revenues and expenditures. The amounts and timing of our actual expenditures will depend upon
numerous factors, including market conditions, cash generated by our operations, business developments and related rate of growth.
We may find it necessary or advisable to use portions of the proceeds from this offering for other purposes.</P>

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

<P STYLE="margin: 0; text-align: justify">Circumstances that may give rise to a change
in the use of proceeds for which the proceeds may be used include:</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">the need or desire on our part to accelerate, increase or eliminate existing initiatives
due to, among other things, changes in our projections relating to user count, changing market conditions (due to either the cannabis
and/or technological sectors) and/or new competitive developments;</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 existence of other opportunities or the need to take advantage of changes in timing
of our existing activities; and/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: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">if strategic opportunities of which we are not currently aware present themselves,
including acquisitions, joint ventures or other similar transactions.</TD>
</TR></TABLE>



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

<P STYLE="margin: 0; text-align: justify">From time to time, we evaluate these and other
factors and we anticipate continuing to make such evaluations to determine if the existing allocation of capital, including the
proceeds of this offering, is being optimized.</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">If you invest in our securities, your interest
will be immediately and substantially diluted to the extent of the difference between the public offering price per share of our
Common Stock and the pro forma net tangible book value per share of our common stock after giving effect to this Offering.</P>

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

<P STYLE="margin: 0; text-align: justify">Our net tangible book value as of June 30,
2015 was $1,475,827, or approximately $0.033 per share. Net tangible book value per share represents our total tangible assets
less total liabilities, divided by the number of shares of common stock outstanding.</P>

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

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

<P STYLE="margin: 0; text-align: justify">Net tangible book value dilution per share
of common stock to new investors represents the difference between the amount per share paid by purchasers in this Offering and
the as adjusted net tangible book value per share of common stock immediately after completion of this Offering. After giving
effect to our sale the maximum amount of [ ]&nbsp;shares of Common Stock in this offering at a public offering price of $[ ],
and after estimated offering expenses, our as-adjusted net tangible book value as of June 30, 2015 would have been $[ ] million,
or $[ ] per share. This represents an immediate increase in net tangible book value of $[ ] per share to existing stockholders
and an immediate dilution in net tangible book value of $[ ] per share to investors of this offering, as illustrated in the following
table:<B> </B></P>

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="font-weight: normal">&nbsp;</FONT></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>Public offering price per share</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">[ ]</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 70%">Net tangible book value per share as of June 30, 2015</TD><TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 18%; text-align: right">0.033</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">Increase in net tangible book value per share attributable to new investors</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">[ ]</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Adjusted net tangible book value per share as of June 30, 2015</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">[ ]</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; text-align: left">Dilution per share to new investors in the offering</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"><B>[ ]</B></TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="margin: 0; text-align: justify">The above discussion and tables
do not include 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">[ ] shares of common stock issuable upon exercise of the Warrants issued in this Offering
with an exercise price of $[ ] per share.</TD>
</TR></TABLE>



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

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

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

<P STYLE="margin: 0; text-align: justify">In determining the offering price of the Common
Stock and Warrants, and the exercise price of the Warrants, we have considered a number of factors including, but not limited
to, the current market price of our common stock, trading prices of our common stock over time, the illiquidity and volatility
of our common stock, our current financial condition and the prospects for our future cash flows and earnings, and market and
economic conditions at the time of the offering. The offering price for the Common Stock and the exercise price of the Warrants
will remain fixed for the duration of the offering. The offering price for the Common Stock sold in this Offering may be less
than the market price for our common stock.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>DIVIDEND POLICY</B></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"><B>CAPITALIZATION</B></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, March 31, 2015, and June 30, 2015.&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-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: left; vertical-align: top">Shareholders&rsquo; Equity</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center"><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,</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>2014</B></P></TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center"><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>March 31, </B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>2015</B></P></TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center"><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>June 30,</B><BR> <B>2015</B></P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 8pt; padding-left: 5.4pt">Preferred Series A stock outstanding (includes retroactive adjustment for subsequent conversion)</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: 46%; text-align: left; text-indent: 8pt; padding-left: 5.4pt">Common stock outstanding (shares)</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 11%; text-align: right">38,909,000</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">40,817,000</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">44,505,238</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; text-indent: 8pt; padding-left: 5.4pt">Common stock to be issued (shares)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,048,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">654,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">857,000</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">Additional paid in capital</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">2,372,867</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">3,368,925</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,303,740</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">Retained deficit</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(3,359,623</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(3,910,132</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(5,427,431</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">TOTAL STOCKHOLDERS' EQUITY (DEFICIT)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(946,799</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(489,736</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">841,671</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

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

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

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

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

<P STYLE="margin: 0; text-align: justify">Since April 9, 2015, our common stock has
been quoted on the OTCQB under the symbol &#8220;MSRT&#8221;. Trading in our common stock has historically lacked consistent volume,
and the market price has been volatile. We are applying to the NASDAQ Capital Market to list our common stock under the symbol
&#8220;MSRT&#8221;.</P>

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

<P STYLE="margin: 0; text-align: justify">The following table presents, for the periods
indicated, the high and low sales prices of the Company&#8217;s common stock, and is based upon information provided by the OTCQB
Marketplace. These quotations below reflect inter-dealer prices, without retail mark-up, mark-down, or commission, and may not
necessarily represent actual transactions.</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="text-align: center; vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-bottom: Black 1pt solid">2015</TD></TR>
<TR STYLE="text-align: center; vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">High</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">Low</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 56%; text-align: justify">Second Quarter</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">7.01</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">1.02</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">Third Quarter</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">2.34</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.80</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 last reported sale price of the Company&#8217;s
common stock as of September 30, 2015, was $1.66 per share.</P>

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

<P STYLE="margin: 0; text-align: justify">As of September 30, 2015, there were 103 shareholders
of record per the Company&#8217;s transfer agency&#8217;s listing of shareholders.</P>

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

<P STYLE="margin: 0; text-align: justify">As of September 30, 2015, there were 45,928,971
shares of our common stock issued and outstanding. In addition, on the same date, 10,843,159 shares of common stock were issuable
upon the exercise of warrants or convertible than outstanding and 2,920,000 shares of common stock were issuable upon the exercise
of options granted under our 2014 Equity Incentive Plan to certain employees and directors.</P>

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

<P STYLE="margin: 0; text-align: justify"><B>2014
Equity Incentive Plan </B></P>

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

<P STYLE="margin: 0; text-align: justify">The following table sets forth equity
compensation plan information as of December 31, 2014:</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="font-weight: bold; border-bottom: Black 1pt solid">Plan category</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 securities to be issued upon exercise of outstanding options, warrants and rights</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 of outstanding options, warrants and rights</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><B>Number of securities remaining available for
    future issuance under equity compensation plans (excluding securities reflected in column (a))</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 1.5pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(a)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(b)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(c)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 1.5pt">Equity compensation plans approved by security holders:</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="width: 35%; text-align: left; padding-left: 9pt">2014 Equity Incentive Plan</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 18%; text-align: right">2,900,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 17%; text-align: right">0.10</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 18%; text-align: right">1,100,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 1.5pt">Equity compensation plans not approved by security holders</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; padding-left: 1.5pt">&nbsp;&nbsp;&nbsp;Total</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,900,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.10</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">1,100,000</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"><I>2014 Equity Incentive Plan.
</I>In June&nbsp;2014, our shareholders approved our 2014 Equity Incentive Plan (&#8220;2014 Plan&#8221;). Our 2014 Plan provides
for the grant of incentive stock options to our employees and our parent and subsidiary corporations' employees, and for the grant
of nonstatutory stock options, stock bonus awards, restricted stock awards, performance stock awards and other forms of stock
compensation to our employees, including officers, consultants and directors. Our 2014 Plan also provides that the grant of performance
stock awards may be paid out in cash as determined by the Committee (as defined herein).</P>

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

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

<P STYLE="margin: 0; text-align: justify"><I>Authorized Shares.</I>&nbsp;&nbsp;&nbsp;&nbsp;A
total of 4,000,000 shares of our common stock are reserved for issuance pursuant to the 2014 Plan. Shares issued under our 2014
Plan may be authorized but unissued or reacquired shares of our common stock. Shares subject to stock awards granted under our
2014 Plan that expire or terminate without being exercised in full, or that are paid out in cash rather than in shares, will not
reduce the number of shares available for issuance under our 2014 Plan. Additionally, shares issued pursuant to stock awards under
our 2014 Plan that we repurchase or that are forfeited, as well as shares reacquired by us as consideration for the exercise or
purchase price of a stock award, will become available for future grant under our 2014 Plan.</P>

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

<P STYLE="margin: 0; text-align: justify"><I>Administration.</I>&nbsp;&nbsp;&nbsp;&nbsp;Our
Board of Directors, or a duly authorized committee thereof (collectively, the &#8220;Committee&#8221;), has the authority to administer
our 2014 Plan. Our Board may also delegate to one or more of our officers the authority to designate employees other than Directors
and officers to receive specified stock, which, in respect to those awards, said officer or officers shall then have all that
the Committee would have.</P>

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

<P STYLE="margin: 0; text-align: justify">Subject to the terms of our 2014 Plan,
the Committee has the authority to determine the terms of awards, including recipients, the exercise price or strike price of
stock awards, if any, the number of shares subject to each stock award, the fair market value of a share of our common stock,
the vesting schedule applicable to the awards, together with any vesting acceleration, the form of consideration, if any, payable
upon exercise or settlement of the stock award and the terms and conditions of the award agreements for use under our 2014 Plan.
The Committee has the power to modify outstanding awards under our 2014 Plan, subject to the terms of the 2014 Plan and applicable
law. Subject to the terms of our 2014 Plan, the Committee has the authority to reprice any outstanding option or stock appreciation
right, cancel and re-grant any outstanding option or stock appreciation right in exchange for new stock awards, cash or other
consideration, or take any other action that is treated as a repricing under generally accepted accounting principles, with the
consent of any adversely affected participant.</P>

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

<P STYLE="margin: 0; text-align: justify"><I>Stock Options. </I>Stock options
may be granted under the 2014 Plan. The exercise price of options granted under our 2014 Plan must at least be equal to the fair
market value of our common stock on the date of grant. The term of an incentive stock option may not exceed 10 years, except that
with respect to any participant who owns more than 10% of the voting power of all classes of our outstanding stock, the term must
not exceed 5 years and the exercise price must equal at least 110% of the fair market value on the grant date. The Committee will
determine the methods of payment of the exercise price of an option, which may include cash, shares or other property acceptable
to the Committee, as well as other types of consideration permitted by applicable law. No single participant may receive more
than 25% of the total options awarded in any single year. Subject to the provisions of our 2014 Plan, the Committee determines
the other terms of options.</P>

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

<P STYLE="margin: 0; text-align: justify"><I>Performance Shares</I>. Performance
shares may be granted under our 2014 Plan. Performance shares are awards that will result in a payment to a participant only if
performance goals established by the administrator are achieved or the awards otherwise vest. The Committee will establish organizational
or individual performance goals or other vesting criteria in its discretion, which, depending on the extent to which they are
met, will determine the number and/or the value of performance shares to be paid out to participants. After the grant of a performance
share, the Committee, in its sole discretion, may reduce or waive any performance criteria or other vesting provisions for such
performance shares. The Committee, in its sole discretion, may pay earned performance units or performance shares in the form
of cash, in shares or in some combination thereof, per the terms of the agreement approved by the Committee and delivered to the
participant. This agreement will state all terms and condition of the agreements.</P>

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

<P STYLE="margin: 0; text-align: justify"><I>Restricted Stock.</I> The terms and conditions of any restricted stock awards
granted to a participant will be set forth in an award agreement and, subject to the provisions in the 2014 Plan, will be
determined by the Committee. Under a restricted stock award, we issue shares of our common stock to the recipient of the
award, subject to vesting conditions and transfer restrictions that lapse over time or upon achievement of performance
conditions. The Committee will determine the vesting schedule and performance objectives, if any, applicable to each
restricted stock award. Unless the Committee determines otherwise, the recipient may vote and receive dividends on shares of
restricted stock issued under our 2014 Plan.</P>

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

<P STYLE="margin: 0; text-align: justify"><I>Other Share-Based Awards and Cash
Awards. </I>The Committee may make other forms of equity-based awards under our 2014 Plan, including, for example, deferred shares,
stock bonus awards and dividend equivalent awards. In addition, our 2014 Plan authorizes us to make annual and other cash incentive
awards based on achieving performance goals that are pre-established by our compensation committee.</P>

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

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

<P STYLE="margin: 0; text-align: justify"><I>Change in Control.</I>&nbsp;&nbsp;&nbsp;&nbsp;If
the Company is merged or consolidated with another entity or sells or otherwise disposes of substantially all of its assets to
another company while awards or options remain outstanding under the 2014 Plan, unless provisions are made in connection with
such transaction for the continuance of the 2014 Plan and/or the assumption or substitution of such awards or options with new
options or stock awards covering the stock of the successor company, or parent or subsidiary thereof, with appropriate adjustments
as to the number and kind of shares and prices, then all outstanding options and stock awards which have not been continued, assumed
or for which a substituted award has not been granted shall, whether or not vested or then exercisable, unless otherwise specified
in the relevant agreements, terminate immediately as of the effective date of any such merger, consolidation or sale.</P>

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

<P STYLE="margin: 0; text-align: justify"><I>Change in Capitalization. </I>If
the Company shall effect a subdivision or consolidation of shares or other capital readjustment, the payment of a stock dividend,
or other increase or reduction of the number of shares of the common stock outstanding, without receiving consideration therefore
in money, services or property, then awards amounts, type, limitations, and other relevant consideration shall be appropriately
and proportionately adjusted. The Committee shall make such adjustments, and its determinations shall be final, binding and conclusive.
</P>

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

<P STYLE="margin: 0; text-align: justify"><I>Plan Amendment or Termination.</I>&nbsp;&nbsp;&nbsp;&nbsp;Our
Board has the authority to amend, suspend, or terminate our 2014 Plan, provided that such action does not materially impair the
existing rights of any participant without such participant's written consent. The 2014 Plan will terminate ten (10) years after
the earlier of (i) the date the 2014 Plan is adopted by the Board, or (ii) the date the 2014 Plan is approved by the stockholders,
except that awards that are granted under the 2014 Plan prior to its termination will continue to be administered under the terms
of the 2014 Plan until the awards terminate, expire or are exercised.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 9pt"><B>PLAN OF DISTRIBUTION</B></FONT></P>

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

<P STYLE="margin: 0; text-align: justify">We are offering up to 6,200,000 shares of our Common Stock, together with  up to
6,200,000 warrants to purchase shares of Common Stock at a price equal to $[ ] per share, for gross proceeds of up to
$8,000,000 before deduction of offering expenses. There is no minimum offering amount required as a condition to closing and
we may sell significantly fewer shares of common stock and warrants in the offering. Because there is no minimum offering
amount required as a condition to closing in this offering, the actual offering amount, net proceeds to us, if any, in this
offering may be substantially less than the maximum offering amounts set forth above.</P>

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

<P STYLE="margin: 0; text-align: justify">Our Officers and Directors will be making solicitations of our securities directly on
a best-efforts basis pursuant to this Offering.&nbsp; None of the officers or directors will receive any commission or compensation
for the sale of the securities. We may engage one or more Agents to sell the securities in the future. If we elect to do so, we will file
an amendment to this Registration Statement to identify them and such related compensation.</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">This offering will terminate upon the earlier to occur of (i) three months after this
registration statement becomes effective with the Securities and Exchange Commission, and (ii) the date on which the Offering
is fully subscribed; provided, however, that we may, at our sole discretion, extend the offering for an additional 90 days or
terminate the Offering at an earlier date.</P>

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

<P STYLE="margin: 0; text-align: justify">The proceeds from this offering will
be payable directly to the Company for immediate use. All subscription agreements and checks are irrevocable and should be delivered
to the Company at the address provided in the Subscription Agreement.</P>

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

<P STYLE="margin: 0; text-align: justify">We have not yet applied for 'blue sky'
registration in any state, and there can be no assurance that we will be able to apply, or that our application will be approved
and our securities will be registered, in any state in the US. If applicable, the shares may not be offered or sold in certain
jurisdictions unless they are registered or otherwise comply with the applicable securities laws of such jurisdictions by exemption,
qualification or otherwise. We intend to sell the shares only in the states in which this offering has been qualified or an exemption
from the registration requirements is available, and purchases of shares may be made only in those states. The Company will deliver
stock certificates attributable to shares of common stock purchased directly to the purchasers as soon after close as practicable.</P>

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

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

<P STYLE="margin: 0; text-align: justify">The Company reserves the right to begin
using proceeds from the offering as soon as the funds have been received or any time thereafter and will retain broad discretion
in the allocation of the net proceeds of this offering. The precise amounts and timing of the Company&#8217;s use of the net proceeds
will depend upon market conditions and the availability of other funds, among other factors.</P>

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

<P STYLE="margin: 0; text-align: justify">Our officers and directors may sell
some or all of the shares and will not register as broker-dealers under Section 15 of the Securities Exchange Act of 1934 in reliance
upon Rule 3a4-1. Rule 3a4-1 sets forth those conditions under which a person associated with an issuer may participate in the
offering of the issuer&#8217;s securities and not be deemed to be a broker-dealer. The conditions are that:</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">the person is not statutorily disqualified, as that term is defined in Section 3(a)(39)
of the Act, at the time of his participation; 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 person is not at the time of their participation an associated person of a broker-dealer;
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 person meets the conditions of paragraph (a)(4)(ii) of Rule 3a4-1 of the Exchange
Act, in that he (i) primarily performs, or is intended primarily to perform at the end of the offering, substantial duties for
oro n behalf of the issuer otherwise than in connection with transactions in securities; and (ii) is not a broker or dealer, or
an associated person of a broker or dealer, within the preceding 12 months; and (iii) does not participate in selling and offering
of securities for any issuer more than once every 12 months other than in reliance on paragraphs (a)(4)(i) or (a)(4)(iii) of Rule
3a4-1 of the Exchange Act.</TD>
</TR></TABLE>

<P STYLE="margin: 0; text-align: justify">Our officers and directors are not statutorily disqualified, are not being compensated,
and are not associated with a broker-dealer. They are and will continue to hold their positions as officers or directors following
the completion of the offering and have not been during the past 12 months and are currently not brokers or dealers or associated
with brokers or dealers. They have not nor will they participate in the sale of securities of any issuer more than once every
12 months.</P>

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

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

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

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

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

<P STYLE="margin: 0; text-align: justify">We were incorporated in the state of Delaware
on April 24, 2013 to be the mobile network for the cannabis community.</P>

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

<P STYLE="margin: 0; text-align: justify">Our principal executive office is located
at MassRoots, Inc., 1624 Market Street, Suite 201, Denver, CO 80202, and our telephone number is (720) 442-0052. Information contained
in, or accessible through our website or mobile apps does not constitute part of this prospectus.</P>

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

<P STYLE="margin: 0; text-align: justify">We have not been involved in a bankruptcy
receivership or similar proceeding. Additionally, we have not been involved in a reclassification, merger, consolidation, or purchase
or sale of a significant amount of assets not in the ordinary course of business.</P>

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

<P STYLE="margin: 0; text-align: justify">For the year ended December 31, 2014, we raised
an aggregate of $999,072 from the sale of our securities. For the year ended December 31, 2014, we have a net loss of $2,436,142.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our independent registered public accounting
firm has issued an audit opinion for our Company which includes an explanatory paragraph expressing substantial doubt as to our
ability to continue as a going concern.</P>

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

<P STYLE="margin: 0; text-align: justify">We have never declared bankruptcy, have never
been in receivership, and have never been involved in any legal action or proceedings. Since incorporation, we have not made any
significant purchase or sale of assets. We do not own physical properties.</P>

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

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

<P STYLE="margin: 0; text-align: justify">We are not a blank check registrant, as that
term is defined in Rule 419(a)(2) of Regulation C of the Securities Act, since we have a specific business plan or purpose. We
have not had preliminary contact or discussions with, nor do we have any present plans, proposals, arrangements or understandings
with, any representatives of the owners of any business or company regarding the possibility of an acquisition or merger.</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">MassRoots was formed in April 2013 as a social
network for the cannabis community. In July 2013, we launched in the App Store and since that time, have grown into a community
of 575,000 cannabis consumers. Our growth has been primarily driven by MassRoots&#8217; increasing popularity as one of the first
national cannabis brands and word of mouth virility from our users. We believe that by creating a central community of hundreds
of thousands of cannabis consumers, we are creating a valuable marketing and distribution channel for cannabis and its ancillary
products. MassRoots generated more than 100 million newsfeed impressions during the month of June 2015.</P>

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

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

<P STYLE="margin: 0; text-align: justify"><IMG SRC="image_004.gif" ALT="" STYLE="height: 401px; width: 624px"></P>

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

<P STYLE="margin: 0; text-align: justify">We launched MassRoots for Business in early March 2015 as a free
online portal for cannabis-related businesses to schedule posts, view analytics and gain insights into their followers. Over 1,000
businesses, including 42% of the dispensaries in Colorado, were utilizing MassRoots for Business as of June 30, 2015. During August
2015, we began expanding its functionality to allow businesses to extend the reach of their posts and begin to monetize our network.</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">Total users (&quot;Users&quot;) is defined
as every user who currently has an account with MassRoots. It does not include users who have deleted their account. It does not
reflect active usage over any set period of time.</P>

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

<P STYLE="margin: 0; text-align: justify">User interactions (&quot;Interactions&quot;) is defined as anytime
a User follows another User, posts a status, comments on a status, or likes a status.<BR>
<BR></P>

<P STYLE="margin: 0; text-align: justify">Newsfeed Impressions (&#8220;Newsfeed Impressions&#8221;) is defined
as a User viewing a post on MassRoots&#8217; local, global or buds feeds.</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">Our current products include our social network,
accessible through our iOS and Android applications along with our website, and MassRoots for Business.</P>

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

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

<P STYLE="margin: 0; text-align: justify"><I><U>The MassRoots Network</U></I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><IMG SRC="image_001.jpg" ALT="http:||www.sec.gov|Archives|edgar|data|1589149|000072174815000549|image_007.jpg" STYLE="height: 386px; width: 297px"></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><I> Examples of the current user interface of our iOS
application.</I></P>

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

<P STYLE="margin: 0; text-align: justify">The MassRoots network is accessible as a free mobile application through the iOS App
Store, the Google Play Marketplace, and as a website at www.MassRoots.com. These applications and services work in a similar manner
as other social networks, such as Facebook, Instagram, Twitter and Vine:</P>

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

<P STYLE="margin: 0; text-align: justify">Users may create a profile by choosing
a username, setting their password and agreeing to our Terms and Conditions. We do not require users&#8217; real names, email
address or phone numbers.</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Users have the ability to follow other users on the network. By &#8220;following&#8221;
an account, users are essentially &#8220;opting-in&#8221; to their posts, allowing them to be displayed on their newsfeed.</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">A users&#8217; newsfeed displays all the posts from users in which they follow in
reverse-chronological order, with the most recent posts being at the top. A users&#8217; profile page displays all the posts from
that particular user.</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Users have the ability to like, comment and report statuses from other users. By &#8220;liking&#8221;
a status, a user is indicating their approval of the posts&#8217; content. By commenting on a status, users are free to voice
their opinions or comments on the posts&#8217; content. By reporting a status, users can flag content that violates our Terms
and Conditions, including spam, harassing content and posts about other drugs.</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Users have the ability to tag other users and use hashtags to categorize posts. By
using the &#8220;@&#8221; symbol followed by a username, users can tag other users in posts they want them to see or if they are
included in the picture or post. By using the &#8220;#&#8221; followed by a categorical word, users can categorize posts based
on their content.</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Users have the ability to post pictures with text captions or just text statuses.</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Users have the ability to search for users based on their username and the ability
to search by hashtag to display all results within a particular category. Users can sort hashtag searches by their popularity
or when they were posted.</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Users have the option to provide their phone number to MassRoots (but is not required)
so their friends can search their contacts for friends with a MassRoots profile. Users also have the ability to invite their contacts
that are not on MassRoots to join via text message.</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Whenever an Interaction takes place involving a user (follow, like, comment, tag),
they are sent a push notification on their mobile device notifying them of the action.</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Users have the ability to set their profile to public and private, as well as enabling
and disabling web-access. By setting their profile to public, any user on MassRoots&#8217; apps will be able to see the public
profile&#8217;s posts and follow the account. When a profile is private, another user must request to follow their account and
the account owner must grant permission before they can view any of the account&#8217;s posts. By setting an account to web-enabled,
it allows public profiles to be visible via the MassRoots website. By setting an account to web-disabled, both public and private
profiles are not viewable through www.MassRoots.com.</TD>
</TR></TABLE>

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

<P STYLE="margin: 0; text-align: justify">Over the coming months, MassRoots plans to
introduce premium business profiles, new user discovery features aimed at the &#8220;Cannabis Relationship&#8221; market, sponsored
posts, and a new user on-boarding experience. Additionally, we are reviewing the implementation of a new web interface aimed at
opening up MassRoots&#8217; content to search engines, which we believe could draw hundreds of thousands of unique visitors per
month, accelerating our user growth and adding additional adverting inventory.</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">MassRoots also operates MassRootsStore.com,
an e-commerce platform built on the Shopify Platform. Visitors are able to order MassRoots t-shirts, jars and stickers by selecting
the products they would like to order, entering their shipping and billing information and confirming the order. MassRootsStore.com
is not part of the Company&#8217;s primary business plan we do not expect it to be a main focus of the Company as we grow.</P>

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

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="font-weight: normal"><I><U>MassRoots
for Business</U></I></FONT></P>

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

<P STYLE="margin: 0; text-align: justify">We launched MassRoots for Business in early
March 2015 as a free online portal for dispensaries to schedule posts, view analytics and gain insights into their followers.
Over 1,000 cannabis businesses were utilizing MassRoots for Business as of June 30, 2015, including 46% of the dispensaries in
Colorado and 85% of dispensary chains with more than four stores.</P>

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

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="font-weight: normal">MassRoots
for Business operates in a matter similar to the one described herein:</FONT></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"><FONT STYLE="font-weight: normal">A business can register for the advertising portal
with their name, business name, email address, phone number, MassRoots username and password (to verify ownership of a particular
page).</FONT></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"><FONT STYLE="font-weight: normal">&bull;</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">A MassRoots employee will then review the account
to ensure they are in full compliance with state law. This may involve requiring the dispensary to provide their state dispensary
license.</FONT></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"><FONT STYLE="font-weight: normal">&bull;</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">The business can then access the advertising portal,
which will consist of five main pages: Dashboard, Posts, Profile, Billing and Contact.</FONT></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"><FONT STYLE="font-weight: normal">&bull;</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">On the Dashboard, a business can view all the main
analytics regarding their account: their follower count, likes per post, total reach of their posts and advertising, and balance
on their account. Interactive graphs will allow businesses to track these metrics over time.</FONT></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"><FONT STYLE="font-weight: normal">&bull;</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">On the Posts page, businesses can schedule posts,
view analytics, and promote popular content.</FONT></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"><FONT STYLE="font-weight: normal">&bull;</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">On the Profile page, businesses can edit their description,
username, profile picture, URL, address, contact email, contact phone number and schedule future posts.</FONT></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"><FONT STYLE="font-weight: normal">&bull;</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">On the Billing page, businesses can enter their
credit card information and view past receipts of payment. The advertising portal will operate on a pre-paid basis.</FONT></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"><FONT STYLE="font-weight: normal">&bull;</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">On the Contact page, businesses can contact a MassRoots
employee with any questions or issues.</FONT></TD>
</TR></TABLE>

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

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

<P STYLE="margin: 0; text-align: justify">During the third quarter of 2015, we expect
to begin to extend MassRoots for Business&#8217; functionality to allow dispensaries and cannabis-related businesses to upgrade
to premium business profiles, access market data, and to gain premium placement in search results for a monthly fee, as outlined
above. Additionally, we plan to allow businesses to sponsor posts in users&#8217; newsfeeds, similar to Facebook and Twitter,
and expect to be able to charge roughly $20 per thousand impressions for targeted sponsored posts.</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #9BBB59">
    <TD COLSPAN="3" STYLE="border-top: white 1pt solid; border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: white 3pt solid; padding: 0.05in 0.1in; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>MassRoots for Business &ndash; Expected Premium Business Memberships</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(Rollout Planned in Q3 2015)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #9BBB59">
    <TD STYLE="width: 18%; border-left: white 1pt solid; padding: 0.05in 0.1in; border-bottom: white 3pt solid; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Premium Upgrade</B></FONT></TD>
    <TD STYLE="width: 21%; border-bottom: white 3pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Cost (Estimated)</B></FONT></TD>
    <TD STYLE="width: 61%; border-bottom: white 3pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Benefits</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #DEE7D1">
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding: 0.05in 0.1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Premium Profiles</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$49/Month</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.4pt; text-align: justify; text-indent: -0.25in">&bull; MassRoots
        Verified Badge</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.4pt; text-align: justify; text-indent: -0.25in">&bull; Enhanced
        Profile Access</P></TD></TR>
<TR STYLE="vertical-align: top; background-color: #EFF3EA">
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding: 0.05in 0.1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Data Access</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$149/Month</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.4pt; text-align: justify; text-indent: -0.25in">&bull; Detailed
        Geo-Based Analytics</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.4pt; text-align: justify; text-indent: -0.25in">&bull; Area
        Activity Heat Maps</P></TD></TR>
<TR STYLE="vertical-align: top; background-color: #DEE7D1">
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding: 0.05in 0.1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Market Insights</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$349/Month</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.4pt; text-align: justify; text-indent: -0.25in">&bull; Insight
        on Trending Strains, Products, Services, and Hashtags</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.4pt; text-align: justify; text-indent: -0.25in">&bull; Area
        Reach and Exposure Data</P></TD></TR>
<TR STYLE="vertical-align: top; background-color: #EAF1DD">
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding: 0.05in 0.1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Sponsored Posts</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$20/CPM</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in 0.05in 16.4pt; border-right: white 1pt solid; text-align: justify; text-indent: -0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull; Targeted, Enhanced Exposure Posts</FONT></TD></TR>
</TABLE>


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

<P STYLE="margin: 0; text-align: justify">We are not re-creating the wheel with our
revenue model: this is already the model WeedMaps and Leafly have used to generate $25 million in annual revenue and $1 million
estimated per month revenue, respectively, from cannabis-related technology businesses. As more fully explained in the &#8220;<I>Competition</I>,&#8221;
section below, we believe that a social network offers a superior value proposition than a strain guide and dispensary locator,
as social networks have greater recurring usage.</P>

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

<P STYLE="margin: 0; text-align: justify">Our intention is to prove MassRoots&#8217;
business model in 2015 and 2016 while the cannabis industry is still relatively small &#8211; of the 23 states with medical cannabis
laws, only 4 states have active dispensary systems with wide enough set of conditions to allow a significant portion of the population
to purchase cannabis (Colorado, California, Arizona and Washington). We believe the vast majority of the revenue we generate in
2015 and 2016 will come from businesses in these states. The 2016 election cycle has the potential to drastically expand the regulated
cannabis market &#8211; at least 7 states are expected to have some form of cannabis legalization on the ballot that could cause
the cannabis industry to grow to $10.2 billion if these initiatives become law, according to ArcView Market Research.</P>

<P STYLE="margin: 0; text-align: justify"><BR>
MassRoots&#8217; business model is designed to scale as marijuana legalization continues to spread: every state that legalizes
the medicinal or adult-use of cannabis expands the number of licensed businesses in the industry, increasing our potential revenue.</P>

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

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="font-weight: normal"><I>Monetization
of Our Network and Other Long Term Plans </I></FONT></P>

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

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="font-weight: normal">While
MassRoots does not collect users&#8217; names or phone numbers, we still collect a sufficient amount of information to effectively
monetize our network. For instance:</FONT></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"><FONT STYLE="font-weight: normal">Based on the nature of someone downloading and using
MassRoots, we know they are an active cannabis consumer or enthusiast.</FONT></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"><FONT STYLE="font-weight: normal">When a user accesses MassRoots&#8217; apps and websites,
we are able to collect users&#8217; location information down to the zip code.</FONT></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"><FONT STYLE="font-weight: normal">Based on the pictures and hashtags a user posts,
we can determine what type of cannabis they prefer to consume; how they prefer to consume it; what time of day they are most active.</FONT></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"><FONT STYLE="font-weight: normal">&bull;</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">Based on the usertags that a user posts, we can
determine who their friends are and who is within their social circle of influence.</FONT></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"><FONT STYLE="font-weight: normal">Because
we do not collect personally-identifiable information, this data has relatively little value outside of our network, so MassRoots
has no intention of selling or disclosing this information. However, it has significant value when used to target advertising
and services directly to users within the MassRoots network; therefore, it is of the highest importance that MassRoots is able
to build out products and services that keep our users engaged and on the network for extended periods of time. The amount of
revenue MassRoots may be able to generate per user is directly correlated to the time they spend on the network, their engagement
with other users and the quality of posts they put on the network. Additionally, the number of Apps, Websites and Services built
using MassRoots&#8217; APIs will also significantly impact the value per user &#8211; so long as MassRoots is integrated with
these 3rd party applications, we will be able to collect data, serve advertising and boost engagement to, from and between our
users, increasing their value.</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><IMG SRC="image_002.jpg" ALT="http:||www.sec.gov|Archives|edgar|data|1589149|000072174815000549|image_004.jpg" STYLE="height: 516px; width: 508px"></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><I> Our proposed partnership plan
with Flowhub (as defined below). </I></P>

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

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

<P STYLE="margin: 0; text-align: justify">During the second quarter of 2015, MassRoots invested $175,000 in exchange for
preferred shares of Flowhub LLC (&#8220;Flowhub&#8221;), a seed-to-sale system, equal to 8.95% of the outstanding equity of
Flowhub. MassRoots and Flowhub are finalizing a partnership that will combine the data from cannabis grow operations,
point-of-sale systems and the MassRoots social network in one platform, data that we believe will allow cannabis dispensaries
and growers to streamline operations and monitor consumer trends, potentially increasing profits. MassRoots and Flowhub are
working to partially combine their systems, giving MassRoots' users access to live pricing, inventory, and an order ahead
system of dispensaries. At the same time, Flowhub will be streamlining dispensaries' operations and enabling them to target
ads to specific customers based on purchasing patterns and social activity. No assurance can be given that MassRoots and
Flowhub will consummate a partnership or, if such a partnership is in fact consummated, that the terms and conditions will be
favorable to MassRoots.</P>

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

<P STYLE="margin: 0; text-align: justify"><B>Users Growth and Product Distribution Channels</B></P>

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

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="font-weight: normal">The
MassRoots app is distributed free of charge through the iOS App Store and the Google Play Marketplace. Prospective users can search
for MassRoots on these platforms, read user-reviews and make a decision on whether to download and utilize the MassRoots app.
The MassRoots network is also accessible on through desktop and mobile web browsers by navigating to www.MassRoots.com. Our MassRoots
for Business portal is distributed at Business.MassRoots.com where businesses may request access. </FONT></P>

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

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="font-weight: normal">MassRoots
has primarily gained users through organic growth - users telling their friends to join the network. This is supported by the
number of endorsements MassRoots receives on Instagram and Twitter, viewable by searching &#8220;#MassRoots&#8221;. </FONT></P>

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

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="font-weight: normal">MassRoots
also retains the owners of several widely-followed Instagram, Facebook and Twitter accounts as independent contractors. We estimate
there are over 6,000,000 people actively posting about cannabis or following cannabis-related pages on Instagram &#8211; our team
viewed this as the easiest market for us to capture as these users were already discussing cannabis in a social environment on
a mobile application. We currently have one of the largest cannabis&#45;related followings on Instagram at www.Instagram.com/MassRoots
with 245,000 followers as of August 11, 2015 and we utilize the platform to highlight the best content from our community as well
as engaging in pro-legalization advocacy. </FONT></P>

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

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="font-weight: normal"><I><U>Apple
App Store Removal, User Support and Restatement </U></I></FONT></P>

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

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="font-weight: normal">On
November 4, 2014, the MassRoots App was removed from Apple&#8217;s iOS App Store due to what we originally believed was a compliance
issue with the App Store review team. Existing iOS users were still able to access and use the MassRoots App, however new users
were prohibited from downloading it. We discovered that this was a result of the App Store review team changing their app enforcement
guidelines to prohibit all social cannabis applications. </FONT></P>

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

<P STYLE="margin: 0; text-align: justify">When we learned of the true nature
of this policy change, we immediately began organizing the cannabis community and industry against it. In early January 2015,
we co-signed a letter to Apple&#8217;s CEO, Tim Cook, along with several cannabis business leaders, arguing that the App Store&#8217;s
policies were stifling innovation in the cannabis industry. Over 10,000 of our users sent personal emails to Apple advocating
why MassRoots should return to the App Store &#8211; with their arguments ranging from freedom of speech and expression to cannabis
patients suffering from anxiety who need social support networks.</P>

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

<P STYLE="margin: 0; text-align: justify">In early February 2015, an App Store
representative informed us Apple had revised their enforcement guidelines &#8211; social cannabis applications that were geo-restricted
to the 23 states with medical cannabis laws were once again permitted. On February 12, 2015, MassRoots returned to the App Store
after we implemented the geo-restrictions.</P>

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

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

<P STYLE="margin: 0; text-align: justify">While we are grateful to Apple for
reversing its decision, we cannot guarantee this policy will remain in place. The iOS App Store is one of the largest content
distribution channels in the world and is the only way to effectively distribute software to the 41.6% of the United States population
who own iPhones and iPads. The iOS App Store review team is essentially a primarily regulator for our product &#8211; they decide
what rules all applications in the iOS App Store must operate by and how to enforce those regulations. The rules related to cannabis-related
apps are not published, are arbitrarily enforced, and the App review and appeal processes are conducted in secret without public
oversight. MassRoots will continue to push for a more open and transparent app review process &#8211; especially when such policies
and decisions directly impact a large portion of the population &#8211; but there is no guarantee we will be successful in those
efforts.</P>

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

<P STYLE="margin: 0; text-align: justify">MassRoots has not encountered any regulatory
issues with the Google Play Store nor have any of our competitors. Under their respective developer license agreements, Apple,
Inc. and Google, Inc. have the right to update their iOS App Store and Play Store policies, respectfully, to prohibit cannabis-related
applications at any time. This could result in many prospective users being unable to access and join our network and existing
users being unable to access our App.</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">Since our inception, we have spent
considerable effort on fundraising to support the operations of the Company. This included the following:</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">In connection with an offering that occurred in October 2013, the Company filed an Amended
and Restated Certificate of Incorporation which authorized the issuance of 21 shares of preferred stock (6,397,958 common shares
post-Exchange, defined below) with a par value of $1.00 per share, 17.65 shares (5,377,332 common shares post-Exchange) of which
were designated as Series A Preferred Stock. Among other rights and privileges, holders of Series A Preferred Stock are entitled
to a cumulative dividend of 7% annually, preferential payments over common stock in liquidation and other events, and the ability
to convert their Series A Preferred Stock to common stock on a one to one basis (taking into account any unpaid dividends).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">In October
2013, the Company entered into agreements to issue 5.88, 5.88, and 5.89 Series A Preferred shares (1,791,428, 1,791,428, and 1,791,475
common shares post-Exchange) to Bass Point Capital, LLC, WM18 Finance LTD, and Rother Investments, LLC, respectively, in exchange
for a $50,000 investment from each. In addition, the Company entered into an agreement to issue as compensation for services provided
a total of 2.94 Series A Preferred shares (895,715 common shares post-Exchange) to Douglas Leighton for financial consulting services
(collectively, the &#8220;Original Offering&#8221;).</P>

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

<P STYLE="margin: 0; text-align: justify"><I>The Reorganization, March 2014 Offering
and Registration Rights</I></P>

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

<P STYLE="margin: 0; text-align: justify">In preparation for the March 2014 Offering
(as defined herein) and the Company&#8217;s intention of becoming a publicly traded entity, on March 18, 2014 the Company entered
into an Agreement and Plan of Reorganization with its shareholders in which the following was effected: (i) on March 21, 2014,
the Company&#8217;s Amended and Restated Certificate of Incorporation was amended to allow for the issuance of 200,000,000 shares
of the Company&#8217;s common stock and amended the par value of the Company&#8217;s common stock to $0.001 per share; (ii) on
March 24, 2014, each of the Company&#8217;s preferred shareholders converted their shares into common stock on a one for one basis
(including the accrued divided); and (iii) on March 24, 2014, each of the Company&#8217;s shareholders surrendered their shares
of the Company&#8217;s common stock in exchange for the pro-rata distribution of 36,000,000 newly issued shares of Company&#8217;s
common stock, based on the percentage of the total shares of common stock held by the shareholder immediately prior to the exchange
(the &#8220;Exchange&#8221;).</P>

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

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

<P STYLE="margin: 0; text-align: justify">In March 2014, we raised gross proceeds
of $475,000 through an offering of our securities to certain accredited and non-accredited investors consisting of: (i) $269,100
face amount of convertible debentures convertible into up to 2,691,000 shares of the Company&#8217;s common stock at $0.10 per
share (the &#8220;Debentures&#8221;), together with warrants, exercisable into an amount of our common stock equal to fifty percent
(50%) of the common stock underlying the Debentures, at $0.40 per share; and (ii) 2,059,000 shares of our common stock at $0.10
per share with a warrant, exercisable into an amount of our common stock equal to fifty percent (50%) of the common stock purchased,
at $0.40 per share (collectively, the &#8220;March 2014 Offering&#8221;). Five investors received Debentures and warrants, while
36 accredited and unaccredited investors received the common stock and warrants. In July 2015, one investor exchanged 1,000,000
shares of Common Stock for a warrant exercisable into 1,000,000 shares of our common stock at $0.001 per share, with materially
the same terms as the $0.001 Consulting Warrants, defined below.</P>

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

<P STYLE="margin: 0; text-align: justify">In connection with the March 2014 Offering,
we entered into certain registration rights agreements (the &#8220;Registration Rights Agreement&#8221;), whereby we agreed to
use our commercially reasonable efforts to prepare and file a registration statement with the SEC within forty-five (45) days
after March 24, 2014, covering all outstanding shares of common stock (including all shares of Common Stock sold in the March
2014 Offering), in addition to all shares of common stock underlying the Debentures, Debenture Warrants, and Common Stock Warrants.</P>

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

<P STYLE="margin: 0; text-align: justify">Additionally, as payment for consulting
services provided in relation to the March 2014 Offering, we issued Dutchess Opportunity Fund, II LP (&#8220;Dutchess&#8221;)
a warrant exercisable into 4,050,000 shares of our common stock at $0.001 per share, and a warrant exercisable into 2,375,000
shares of our common stock at $0.40 per share. The Company also granted certain registration rights to Dutchess covering all shares
of common stock issuable upon the excise of each of the warrants it received in connection to the March 2014 Offering.</P>

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

<P STYLE="margin: 0; text-align: justify">On September 15, 2014 our resale registration
statement on Form S-1 covering 50,400,000 shares outstanding or underlying warrants or Debentures received in connection to the
March 2014 Offering (&#8220;2014 Registration Statement&#8221;) became effective.</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">From September 15, 2014 to March 11,
2015, we completed an offering of $866,000 of our securities to certain accredited and non-accredited investors consisting of
1,732,000 shares of our common stock at $0.50 per share.</P>

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

<P STYLE="margin: 0; text-align: justify">From April 1, 2015 through April 17,
2015, MassRoots, Inc. completed an offering of 960,933 shares of the Company&#8217;s common stock to certain accredited and unaccredited
investors, pursuant to which, the Company received gross proceeds of $576,200. The Company terminated this offering as of April
17, 2015. The Company compensated Chardan Capital Markets, LLC $20,000 cash and 262,560 shares of common stock as commission for
this placement.</P>

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

<P STYLE="margin: 0; text-align: justify">From June 10, 2015 through July 13, 2015,
MassRoots sold 1,540,673 shares of unregistered common stock to certain accredited investors for gross proceeds of $1,140,502.
In connection with this offering, Chardan Capital received $27,200 in cash and 80,560 shares of the Company&#8217;s common stock
as commission for this placement.&nbsp;</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">MassRoots is poised to take advantage
of two rapidly growing industries: cannabis and mobile technology.</P>

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

<P STYLE="margin: 0; text-align: justify"><U>Cannabis Market Growth and Current
Trends</U></P>

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

<P STYLE="margin: 0; text-align: justify">Since the MassRoots app first launched in
July 2013, there have been a series of events that have help further shape the development of the cannabis and mobile technology
industries:</P>

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<P STYLE="margin: 0; text-align: justify"></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">On August 29, 2013, Deputy Attorney General James Cole issued a memo (&#8220;The Cole
Memo&#8221;) in response to certain states passing measures to legalize the medical and adult-use of cannabis. The Cole Memo does
not alter the Department of Justice's authority to enforce Federal law, including Federal laws relating to cannabis, regardless
of state law, but does recommend that U.S. Attorneys to focus their time and resources on certain priorities, rather than businesses
legally operating under state law. These guidelines focus on ensuring that cannabis does not cross state lines, keeping dispensaries
away from schools and public facilities, strict-enforcement of state laws by regulatory agencies, among other priorities.</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">On January 1, 2014, the first sales of cannabis for adult-use permissible under state
law took place in Colorado. This event resulted in significant media coverage for the industry. Since that time, three other states
have made adult-use permissible under their state law and several states have ballot proposals pending at upcoming elections.</TD>
</TR></TABLE>

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



<P STYLE="margin: 0; text-align: justify">On February 14, 2014, the Departments
of Justice and Treasury issued a joint memo allowing banks and financial institutions to accept deposits from dispensaries operating
legally under state law. In most cases, dispensaries had been forced to operate on a cash basis, presenting significant security
and accounting issues. This was a major step in legitimizing and accepting the cannabis industry on a national level.</P>

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

<P STYLE="margin: 0; text-align: justify"><I>Current States With Laws Permitting
the Medical or Adult Use of Cannabis </I></P>

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

<P STYLE="margin: 0; text-align: justify">As of June 30, 2015, 23 states and the
District of Columbia have passed laws allowing some degree of medical use of cannabis, while four of those states and the District
of Columbia have also legalized the adult-use of cannabis. The states which have enacted such laws are listed below:</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; background-color: rgb(204,238,255)">
    <TD STYLE="width: 70%; font-weight: bold; padding-bottom: 1pt; padding-left: 5.75pt">&nbsp;&nbsp;&nbsp;&nbsp;State</TD><TD STYLE="width: 10%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 18%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom"><B>Year Passed</B></TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.75pt">1.&nbsp;Alaska*</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: bottom">1998</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: 5.75pt">2.&nbsp;Arizona</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: bottom">2010</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: 5.75pt">3.&nbsp;California</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: bottom">1996</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: 5.75pt">4.&nbsp;Colorado*</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: bottom">2000</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: 5.75pt">5.&nbsp;Connecticut</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: bottom">2012</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: 5.75pt">6.&nbsp;District of Columbia*</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: bottom">2010</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: 5.75pt">7.&nbsp;Delaware</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: bottom">2011</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: 5.75pt">8.&nbsp;Hawaii</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: bottom">2000</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: 5.75pt">9.&nbsp;Illinois</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: bottom">2013</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: 5.75pt">10.&nbsp;Maine</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: bottom">1999</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: 5.75pt">11. Maryland</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: bottom">2014</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: 5.75pt">12.&nbsp;Massachusetts</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: bottom">2012</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: 5.75pt">13.&nbsp;Michigan</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: bottom">2008</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: 5.75pt">14.&nbsp;Minnesota</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: bottom">2014</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: 5.75pt">15.&nbsp;Montana</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: bottom">2004</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: 5.75pt">16.&nbsp;Nevada</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: bottom">2000</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: 5.75pt">17.&nbsp;New Hampshire</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: bottom">2013</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: 5.75pt">18.&nbsp;New Jersey</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: bottom">2010</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: 5.75pt">19.&nbsp;New Mexico</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: bottom">2007</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: 5.75pt">20. New York</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: bottom">2014</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: 5.75pt">21.&nbsp;Oregon*</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: bottom">1998</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: 5.75pt">22.&nbsp;Rhode Island</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: bottom">2006</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: 5.75pt">23.&nbsp;Vermont</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: bottom">2004</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: 5.75pt">24.&nbsp;Washington*</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: bottom">1998</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">* State has enacted laws permitting
the adult use of cannabis, in addition to medical use.</P>

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

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

<P STYLE="margin: 0; text-align: justify"><I>Public Support for Legalization Increasing</I></P>

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

<P STYLE="margin: 0; text-align: justify">A Gallup poll conducted in October 2013
found that 58% of the American people supported legalizing the adult-use of cannabis, an increase of 22% from 2005 alone. This
is the first time in American history the majority of registered voters support the full legalization of cannabis for adult-use.
Moreover, of 67% participants aged 35 and below voted in support of recreational adult-use, setting the trend for years to come.</P>

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

<P STYLE="margin: 0; text-align: justify">A 2013 ArcView Market Research report
predicts an additional 14 states will legalize the adult-use of cannabis and two states will legalize medical-use within the next
five years. If public support for cannabis legalization continues to increase, we believe it is likely that Federal policies towards
marijuana will be reformed. The combination of additional states legalizing adult-use under state law, expansion of medical-use
provisions in states where it is currently permitted under state law and increased public awareness is projected to cause marijuana
sales permitted under state law to grow from $1.43 billion in 2013 to $10.2 billion in 2018, according to ArcView Market Research.</P>

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

<P STYLE="margin: 0; text-align: justify"><I>Market Conditions that Could Limit
Our Business</I></P>

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

<P STYLE="margin: 0; text-align: justify">Cannabis is a Schedule I Controlled
Substance under Federal law and, as such, there are several factors that could limit our market and our business. They include,
but are 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">The Federal government and many private employers prohibit drug use of any kind, including
cannabis, even where it is permissible under state law. Random drug screenings and potential enforcement of these employment provisions
significantly reduce the size of the potential cannabis market;</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">Enforcement of Federal law prohibiting cannabis occurs randomly and often without
notice. This could scare many potential investors away from cannabis-related investments and makes it difficult to make accurate
market predictions;</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">There is no guarantee that additional states will pass measures to legalize cannabis
under state law. In many states, public support of legalization initiatives is within the margin of error of pass or fail. This
is especially true when a supermajority is needed to pass measures, like in Florida where a state constitutional amendment permitting
medical cannabis has been proposed, but requires 60% approval to pass. Changes in voters' attitudes and turnout have the potential
to slow or stop the cannabis legalization movement and potentially reverse recent cannabis legalization victories;</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">There has been some resistance and negativity as a result of recent cannabis legalization
at the state level, especially as it relates to drugged driving. The lack of clearly defined and enforced laws at the state level
has the potential to sway public opinion against marijuana legalization; 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">Even if the Federal government does not enforce the Federal law prohibiting cannabis,
the legality of the state laws regarding the legalization of cannabis are being challenged through lawsuits. Oklahoma and Nebraska
recently sued Colorado over the legalization of cannabis, and other lawsuits have been brought by private groups and local law
enforcement officials. If these lawsuits are successful, state laws permitting cannabis sales may be overturned and significantly
reduce the size of the potential cannabis market and affect our business.</TD>
</TR></TABLE>

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



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

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

<P STYLE="margin: 0; text-align: justify"><I>Mobile Devices Dominate the Industry</I></P>

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

<P STYLE="margin: 0; text-align: justify">Over the past five years, mobile devices
have redefined the technology industry. Smartphones were owned by two-thirds of U.S. mobile subscribers as of the fourth quarter
of 2013, according to a February 2014 Nielsen Research Report. Smartphone sales worldwide increased 38.4% worldwide in 2013 according
to a January 2014 IDC&#8217;s Worldwide Quarterly Mobile Phone tracker report. Additionally, 195 million mobile tablets were sold
in 2013, an increase of 67.9% year over year, according to a March 2014 Gartner Research Report.</P>

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

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

<P STYLE="margin: 0; text-align: justify">When the rapidly-growing smartphone
and tablet market size is combined with the development fast, reliable and relatively inexpensive data plans from wireless carriers,
it becomes clear why mobile applications &#8220;Apps&#8221; have surged in popularity and value over recent years.</P>

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

<P STYLE="margin: 0; text-align: justify"><I>The Rise of Mobile-First Networking</I></P>

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

<P STYLE="margin: 0; text-align: justify">The popularity, market share and value
of mobile-first networks are surging, especially if focused on a niche market.</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">In August 2012, Facebook acquired Instagram for $521 million, a network without significant
revenue, but a user base of approximately 100 million.</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">In late 2013, Facebook bid a reported $3 billion to purchase SnapChat, which was rejected
by SnapChat&#8217;s 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: 15pt; text-align: right">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">In early 2014, Facebook acquired WhatsApp for a reported $18 billion in cash and stock.</TD>
</TR></TABLE>

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

<P STYLE="margin: 0; text-align: justify">Additionally, there has been rapid growth
in other mobile user driven niche networks, such as: Whisper (anonymous confessions) recently raised $30 million at a reported
$200 million valuation; Vine (short videos) was acquired pre-launch by Twitter for $30 million; and Badoo (adventurers) has a
reported valuation of $2 billion.</P>

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

<P STYLE="margin: 0; text-align: justify"><I>The Intersection of Mobile, Niche-Networking and Cannabis</I></P>

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

<P STYLE="margin: 0; text-align: justify">MassRoots&#8217; top priority will remain expanding our user-base and increasing
engagement on the network. In addition to strengthening MassRoots&#8217; standing within the cannabis community, public
markets have placed significant value on rapidly expanding networks, as seen by the market capitalizations and
price-to-earnings ratios (where applicable) in the social networking industry. As a mobile-first network focused on the
cannabis industry where permitted under state laws, MassRoots is poised to take advantage of the increasing popularity of
mobile devices, the emergence of a multi-billion dollar cannabis industry and the decelerating growth of Twitter and
Facebook.</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">MassRoots has 23 full-time employees and one
full time independent contractor.</P>

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

<P STYLE="margin: 0; text-align: justify"><B>Amount Spent on Research and Development</B></P>

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

<P STYLE="margin: 0; text-align: justify">MassRoots invests a significant portion of
its operating budget in developing new mobile communications tools, location-based services and in cross-platform compatibility
software. We expect to spend approximately $1,000,000 during fiscal year ended December 31, 2015 on development-related payroll
and expenses. We spent approximately $182,198 on research and development for the year ended December 31, 2014.</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">We do not maintain any insurance and do not
intend to maintain insurance in the future. Because we do not have any insurance, if we are made a party of a legal action, we
may not have sufficient funds to defend the litigation. If that occurs a judgment could be rendered against us that could cause
us to cease operations.</P>

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

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

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

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

<P STYLE="margin: 0; text-align: justify">Marijuana is a categorized as a Schedule I
controlled substance by the Drug Enforcement Agency and the United States Department of Justice and is illegal to grow, possess
and consume under Federal law. However, since 1995, 23 states and the District of Columbia have passed state laws that permit
doctors to prescribe cannabis for medical-use and four states and the District of Columbia have enacted laws that legalize the
adult-use of cannabis for any reason. This has created an unpredictable business-environment for dispensaries and collectives
that legally operate under certain state laws but in violation of Federal law. On August 29, 2013, United States Deputy Attorney
General James Cole issued the Cole Memo to United States Attorneys guiding them to prioritize enforcement of Federal law away
from the cannabis industry operating as permitted under certain state laws, so long as:</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">cannabis is not being distributed to minors and dispensaries are not located around
schools and public buildings;</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">the proceeds from sales are not going to gangs, cartels or criminal enterprises;</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">cannabis grown in states where it is legal is not being diverted to other states;</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">cannabis-related businesses are not being used as a cover for sales of other illegal
drugs or illegal activity;</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">there is not any violence or use of fire-arms in the cultivation and sale of marijuana;</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">there is strict enforcement of drugged-driving laws and adequate prevention of adverse
health consequences; 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">cannabis is not grown, used, or possessed on Federal properties.</TD>
</TR></TABLE>



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

<P STYLE="margin: 0; text-align: justify">The Cole Memo is meant only as a guide for
United States Attorneys and does not alter in any way the Department of Justice&#8217;s authority to enforce Federal law, including
Federal laws relating to cannabis, regardless of state law. We believe and have implemented procedures and policies to ensure
we are operating in compliance with the &quot;Cole Memo&quot;. However, we cannot provide assurance that our actions are in full
compliance with the Cole Memo or any other laws or regulations. Per MassRoots&#8217; Terms and Conditions:</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">Users must agree that they are located in a state where medical-use or adult-use of
cannabis is legal;</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">Users must be of legal age to consume cannabis in their particular state (18 or 21
years old, depending on the 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: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Users may only post content that is in compliance with their state&#8217;s laws;</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">Users may not solicit or distribute cannabis through MassRoots unless they are a licensed
dispensary; we also do not currently facilitate in-app messaging, forcing all conversations to take place in a public environment;</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">Posting of any other drugs or substances, including prescription pain pills, is prohibited
and will result in account 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: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Posting of any violence or threat of violence is prohibited and will result in account
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: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Posting of any drugged-driving content is prohibited and will result in account termination;
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">Posting of any copyright-protected content is prohibited and will result in account
termination.</TD>
</TR></TABLE>



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

<P STYLE="margin: 0; text-align: justify">We have implemented an aggressive content
and account review program to ensure compliance with our terms and conditions. Users have the ability to report any status or
account that is in violation of our terms and we encourage users to do so as any illegal content jeopardizes the network for all
our users. When a status or account is reported, the post is automatically removed from the network until further review. A MassRoots
employee then reviews the content within 24 hours and either approves it as within our terms and conditions or permanently deletes
it and bans the user account.</P>

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

<P STYLE="margin: 0; text-align: justify">In addition, as part of the agreement to allow
our app to return to the Apple App Store, we implemented restrictions to restrict new users to the 23 states with medical cannabis
laws.</P>

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

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

<P STYLE="margin: 0; text-align: justify">Our business plan includes allowing cannabis
dispensaries to advertise on our network which we believe could be deemed to be aiding and abetting illegal activities, a violation
of Federal law. We intend on remaining within the guidelines outlined in the Cole Memo. However, we cannot provide assurance that
we are in full compliance with the Cole Memo or any other laws or regulations</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">On March 31, 2014, we applied for a trademark
of the &#8220;MassRoots, Inc.&#8221; name in the United States. However, several factors, including the Company&#8217;s app being
removed from Apple&#8217;s iOS App Store, required the Company to focus its resources in other areas, away from completing the
trademark application process. The Company is in the process of reapplying for this trademark.</P>

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

<P STYLE="margin: 0; text-align: justify"><B>Competitors, Methods of Completion, Competitive Business Conditions</B></P>

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

<P STYLE="margin: 0; text-align: justify">We do not believe that we face significant
direct competition in the &#8220;social network for the cannabis community&#8221; sector. No other network in the space currently
has a significant user base or significant outside funding.</P>

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

<P STYLE="margin: 0; text-align: justify">MassRoots competes with Facebook, Instagram
and Twitter, and other social networks for users&#8217; engagement; many of these competing social networks have substantially
more financial resources, a better user-experience and a significantly larger user-base than MassRoots. Our differentiator is
that MassRoots is solely dedicated to cannabis-related content, information most users do not feel comfortable sharing on these
other networks as it may jeopardize their personal and professional reputations. Additionally, MassRoots is developing specialized
features for the cannabis industry (such as a strain tagger) that competing networks likely will not spend the time and resources
to develop given that only a small portion of their user-base consumes cannabis. This density of cannabis consumers and content
is what makes MassRoots attractive to cannabis consumers and serves as our main competitive advantage.</P>

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

<P STYLE="margin: 0; text-align: justify">Network effects have come to dominate consumer habits, which can provide
protection to networks such as MassRoots. Google+ failed to obtain a dominant market share in desktop-based social networking
because it wasn&#8217;t introduced until Facebook had already conquered the market. Similarly, when Facebook introduced Poke
as a competitor to SnapChat in late 2012, it failed to overtake SnapChat due to the market dominance already achieved by
SnapChat. Even if a well-financed competitor to MassRoots were to emerge, they would not only have to convince users on why
their platform is superior, but also get them to switch away from the network their friends are already using. Every user
that MassRoots gains, every interaction that takes place on our network and every day that we grow, the barrier to entry to
competitors becomes higher.</P>

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

<P STYLE="margin: 0; text-align: justify">While it is true that some networks, such
as Friendster and MySpace, failed after building significant user-bases, we believe a primary reason for their failure was technical:
their platforms underwent routine maintenance that took the network offline for hours at a time and they did not focus on the
underlying user-experience, and overwhelmed the users with advertisements. This created opportunities for well-financed competitors
to emerge. We believe that by employing a similar strategy to other successful social networks and maintaining a focus on the
user experience, this, combined with strong network effects of our large user-base, will allow us to create and maintain significant
long-term shareholder value.</P>

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

<P STYLE="margin: 0; text-align: justify">MassRoots competes with other cannabis networks
such as WeedMaps, Leafly and THC Finder for advertisers&#8217; dollars. WeedMaps and THC Finder are platforms that allow users
to find and review dispensaries. Leafly is primary a strain-guide that allows users to find information on strains, add a review
and find it a dispensary closest to the user. In most situations, cannabis consumers are not looking to change dispensaries often.
All of these services &#8211; WeedMaps, Leafly and THC Finder &#8211; lack the daily, weekly and monthly recurring usage that
drives long-term value for advertisers. We believe that MassRoots&#8217; recurring usage and the ability to target advertisements
to users based on their previous posts will present a superior value proposition to advertisers.</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">We are not currently a party to any legal
proceedings, and we are not aware of any pending or potential legal actions.</P>

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

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

<P STYLE="margin: 0; text-align: justify"><B>Sources and Availability of Raw Materials</B></P>

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

<P STYLE="margin: 0; text-align: justify">We do not use raw materials in our business</P>

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

<P STYLE="margin: 0; text-align: justify"><B>Seasonal Aspect of our Business</B></P>

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

<P STYLE="margin: 0; text-align: justify">None of our products are affected by seasonal factors.</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">We are required to file reports and other
information with the SEC. You may read and copy any document that we file at the SEC's public reference facilities at 100 F. Street,
N.E., Washington, D.C. 20549. Please call the SEC at 1-800-732-0330 for more information about its public reference facilities.
Our SEC filings are available to you free of charge at the SEC's web site at www.sec.gov. We are an electronic filer with the
SEC and, as such, our information is available through the Internet site maintained by the SEC that contains reports, proxy and
information statements and other information regarding issuers that file electronically with the SEC. This information may be
found at www.sec.gov and posted on our website at investors.massroots.com/.</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">On April 14, 2015, the
Company completed the relocation of its headquarters to 1624 Market Street, Suite 201, Denver, CO 80202. which we leased on March
20, 2015 pursuant to a lease with RVOF Market Center, LLC. Under this lease, we agreed to rent 3,552 square feet of office space
at that location for a term of 37 months, under which the Company will pay a base rate of $0 for the first month, $8,288 for months
two through 13, $8,584.00 for the months 14 through 25, and $8,880.00 for the months 25 through 37. We did not incur a significant
cost related to the move to this location.</P>

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

<P STYLE="margin: 0; text-align: justify">We do not own any properties
or land.</P>

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

<P STYLE="margin: 0; text-align: justify">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: 0; text-align: justify">&nbsp;</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>DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS, AND CONTROL PERSONS</B></P>

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

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

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

<P STYLE="margin: 0; text-align: justify">The names and ages of our Directors
and Executive Officers are set forth below. Our By-Laws provide for not less than one and not more than nine Directors. All Directors
are elected annually by the stockholders to serve until the next annual meeting of the stockholders and until their successors
are duly elected and qualified.</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 STYLE="font-weight: bold; border-bottom: Black 1pt solid">Name</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">Age</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">Position and Term</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 20%; text-align: left">Isaac Dietrich</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">23</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 66%; text-align: left">Director and Chairman of the Board (Since 2013), Chief Executive Officer (Since 2013)</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>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Tripp Keber</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">47</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Director (Since 2014)</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>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Stewart Fortier<SUP>1</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Director (Since 2014), Chief Technology Officer (Since 2013)</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>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Ean Seeb</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">40</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Director (Since 2014)</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>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Tyler Knight</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Director (Since 2014), Chief Marketing Officer (Since 2013)</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>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Daniel Hunt</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Chief Operations Officer (Since 2015)</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>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Jesus Quintero</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">54</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Chief Financial Officer (Since 2014)</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>&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0; text-align: justify"><SUP>1 </SUP>Stewart Fortier and Hyler Fortier, our former Chief
Operations Officer, are siblings.</P>

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

<P STYLE="margin: 0; text-align: justify"><B>Isaac Dietrich, Chief Executive Officer,
Chairman of the Board and Director - </B>Isaac<B> </B>Dietrich is the founder, CEO, and Chairman of the Board of MassRoots, each
since our inception. He is responsible for executing our strategic business development. In June 2012, Mr. Dietrich co-founded
RoboCent, Inc., a self-service call platform that reached $300,000 in revenue in its first 18 month, and currently serves as President
and majority shareholder. He also founded Tidewater Campaign Solutions, LLC, a Virginia Beach-based political strategy firm that
was retained by more than 30 political campaigns and political action committees from January 2010 to December 2012.</P>

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

<P STYLE="margin: 0; text-align: justify">In April 2012, Mr. Dietrich was a finalist
for Peter Thiel&#8217;s 20 Under 20 Fellowship and was featured in the CNBC documentary &#8220;Transforming Tomorrow.&#8221; We
believe Mr. Dietrich has the business experience in both scalable technology companies and political strategy to successfully
lead the development and growth of the Company.</P>

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

<P STYLE="margin: 0; text-align: justify"><B>Tripp Keber, Director
&#8211;</B> Tripp Keber has served as a Director of MassRoots since 2014. Mr. Keber also is a co-founder, Director and Chief Executive
Officer of&nbsp;Dixie Elixirs &amp; Edibles,&nbsp;a Colorado licensed medical marijuana infused products manufacturer. He is a
founding director of the&nbsp;National Cannabis Industry Association, and, since 2013, has served as a director of the&nbsp;Marijuana
Policy Project. He is also an advisory board member of the&nbsp;Medical Marijuana Industry Group&nbsp;in Colorado. Mr. Keber also
serves as a board member of American Cannabis Company (2014-current). In his current role as CEO of Dixie, Mr. Keber is responsible
for the overall strategy, licensing, marketing, branding and expansion efforts related to the Dixie brand, both domestically and
internationally.&nbsp; Mr. Keber has been featured on CBS&#8217;s 60 Minutes and CNBC.</P>

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

<P STYLE="margin: 0; text-align: justify">Prior to joining
Dixie, Mr. Keber served as Chief Operating Officer for Bella Terra Resort Development Company, and EVP of Business Development
for Sagebrush Realty Development.&nbsp;He has a BS in Political Science from Villanova University and currently resides in both
Aspen and Denver, CO with his family. He is involved in several charitable organizations located within his community and assists
in the research and development of cannabis support for veterans suffering from PTSD. As an experienced leader in the legal cannabis
industry, we believe that Mr. Keber will use his experience and industry knowledge to help guide our leadership team.</P>

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

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

<P STYLE="margin: 0; text-align: justify"><B>Ean Seeb, Director &#8211;</B> Ean Seeb has served as a Director of MassRoots
since 2014. Mr. Seeb is also the co-owner and manager of Denver Relief LLC, a Colorado medical cannabis operation. As a
founding partner of Denver Relief Consulting LLC and seasoned cannabis dispensary operator, Mr. Seeb has significant
experience navigating complex legislation and regulatory demands unique to legal cannabis operations. Mr. Seeb also serves as
a board member of Manna Molecular Sciences (2015-current). He serves as Chair of the National Cannabis Industry Association
and holds leadership positions with charitable organizations focused on a range of social causes, from civil rights to
sustainable volunteer farming. Mr. Seeb has been actively involved with non-profit groups for over two decades. His years of
humanitarian experience lead Mr. Seeb to conceptualize and develop a cannabis-centric service organization called the Denver
Relief GREEN TEAM in 2009. He holds a B.S. degree in Business Administration with an emphasis in Computer Information Systems
from University of Northern Colorado. We believe that Mr. Seeb will use his experience and industry knowledge to help guide
our leadership team.</P>

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

<P STYLE="margin: 0; text-align: justify"><B>Stewart Fortier, Chief Technology Officer,
Director -</B> Stewart Fortier is a co-founder and Director of MassRoots, and has served as Chief Technology Officer since our
inception. Mr. Fortier is responsible for the development of our iOS application and technical strategy. He is a self-taught software
developer with an interest in both entrepreneurship and technology. Prior to joining MassRoots, Mr. Fortier worked for a real
estate development company in Washington, D.C., where he was responsible for the underwriting of commercial and multifamily acquisitions.
Previously, Mr. Fortier served as a technical adviser to RoboCent, Inc. from June 2012 to April 2013.</P>

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

<P STYLE="margin: 0; text-align: justify">Mr. Fortier holds a Bachelor of Arts in Economics
and Religious Studies from the University of Virginia. We believe Mr. Fortier has the technical and business experience and skill
to be successful in both his Chief Technology Officer and Director roles.</P>

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

<P STYLE="margin: 0; text-align: justify"><B>Tyler Knight, Director and Chief Marketing
Officer - </B>Tyler Knight is a co-founder, Director and Chief Marketing Officer of MassRoots, responsible for user-acquisition
and key marketing channel relations. Prior to joining the MassRoots team, Mr. Knight served as Chief Operations Officer for RoboCent,
Inc. from January 2013 to April 2013, playing a key role in acquiring more than 250 clients and growing the scalable call platform
to $300,000 in revenue in its first 18 months. He also worked on several political campaigns from January 2010 to December 2012,
including serving as Deputy Field Director on Ben Loyola&#8217;s 2011 campaign for state Senate. Prior to joining MassRoots, Mr.
Knight studied marketing at Old Dominion University.</P>

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

<P STYLE="margin: 0; text-align: justify"><B>Daniel Hunt, Chief Operations Officer -
</B>Since June 2015, Daniel Hunt, age 21, has served as the Company&#8217;s Chief Operations Officer, responsible for overseeing
the Company's daily operations, including marketing, sales, business development, staffing, processes and infrastructure. From
July 2014 to June 2015, Mr. Hunt served as the Company's Vice President of Marketing, where he was responsible for the coordination
and implementation of the Company&#8217;s marketing initiatives. From June 2011 to July 2014, Mr. Hunt served as Head of Business
Development for SearchParty Music, a media production company in Massachusetts. Prior to joining the Company, Mr. Hunt attended
James Madison University from 2012-2014, where he gained experience while supporting the operations of early-stage startups as
a member of the Society of Entrepreneurs. Mr. Hunt also serves on the board of managers of Flowhub, LLC, a private cannabis point-of-sale
company.</P>

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

<P STYLE="margin: 0; text-align: justify"><B>Jesus Quintero, Chief Financial Officer - </B>Jesus Quintero joined MassRoots as
its Chief Financial Officer in May 2014. From January 2013 to October 2014, Mr. Quintero has also served as Brazil Interactive
Media&#8217;s Chief Financial Officer. He has previously served as a financial consultant to several multi-million dollar businesses
in Florida. Mr. Quintero has extensive experience in public company reporting and SEC/SOX compliance, and held senior finance
positions with Avnet, Inc., Latin Node, Inc., Globetel Communications Corp. and Telefonica of Spain. His prior experience also
includes tenure with PricewaterhouseCoopers and Deloitte &amp; Touche. Mr. Quintero earned a B.S. in Accounting from St. John&#8217;s
University and is a certified public accountant. He is fluent in English and Spanish, and conversant in Brazilian Portuguese.</P>

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

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

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

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

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

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<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="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 (other than traffic violations
and other minor offenses), (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.</TD>
</TR></TABLE>



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

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

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

<P STYLE="margin: 0; text-align: justify">The Company&#8217;s Board of Directors is
composed of five members: Isaac Dietrich, who serves as Chairman of the Board, Ean Seeb, Tripp Keber, Stewart Fortier and Tyler
Knight. Messrs. Dietrich and Fortier are not &#8220;independent&#8221; as the term is used in Item 7(d)(3)(iv)(B) of Schedule
14A under the Exchange Act, as amended. Moving forward, at such time the Board of Directors deems additional independent directors
desirable, or that we are required to have additional independent directors, either as a result of our listing on the NASDAQ Capital
Market, or a similar market or exchange, or that we are otherwise required by applicable law to have independent directors, we
will promptly take steps to appoint such independent directors.</P>

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

<P STYLE="margin: 0; text-align: justify">We do not have any standing audit, nominating
and compensation committees of the Board of Directors, or committees performing similar functions. All Board actions have been
taken by Written Action rather than formal meetings.</P>

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

<P STYLE="margin: 0; text-align: justify">In lieu of an Audit Committee, the Company&#8217;s
Board of Directors is responsible for reviewing and making recommendations concerning the selection of outside auditors, reviewing
the scope, results and effectiveness of the annual audit of the Company's financial statements and other services provided by
the Company&#8217;s independent public accountants. The Board of Directors reviews the Company's internal accounting controls,
practices and policies.</P>

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

<P STYLE="margin: 0; text-align: justify">Moving forward, at such time as the Board
of Directors believes that nominating, compensation or audit committees are necessary or desirable, or that we are required to
have such committees, either as a result of our listing on the NASDAQ Capital Market or a similar market or exchange, or otherwise
as required by law, we will take steps to form such committees and adopt charters as may be required to comply with all applicable
rules and regulations.</P>

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

<P STYLE="margin: 0; text-align: justify">We currently have a Code of Ethics applicable
to our principal executives, financial and accounting officers. A copy of the Code is available at our investor website: investors.massroots.com.</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">Although we do not have a formal policy regarding
communications with the Board, shareholders may communicate with the Board by writing to us at 1624 Market Street, Suite 201,
Denver, CO 80202, Attention: Legal. Shareholders who would like their submission directed to a member of the Board may so specify,
and the communication will be forwarded, as appropriate.</P>

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

<P STYLE="margin: 0; text-align: justify"><B>Certain Relationships And Related Transactions</B></P>

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

<P STYLE="margin: 0; text-align: justify">Except as described herein (or within the
section entitled Executive Compensation of this prospectus), none of the following parties (each a &#8220;Related Party&#8221;)
has, in our fiscal years ended 2013 and 2014, had any material interest, direct or indirect, in any transaction with us or in
any presently proposed transaction that has or will materially affect us:</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">any of our directors or officers;</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">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">any person who beneficially owns, directly or indirectly, shares carrying more than
10% of the voting rights attached to our outstanding shares of common stock; 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: 15pt; text-align: right">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">any member of the immediate family (including spouse, parents, children, siblings
and in- laws) of any of the above persons.</TD>
</TR></TABLE>


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

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

<P STYLE="margin: 0; text-align: justify">On April 24, 2013, the Company approved the
issuance of 15.25 shares of common stock (4,569,970 shares post-Exchange) to Isaac Dietrich, our Chief Executive Officer and Chairman,
to repay $17,053 short term borrowing related to Mr. Dietrich&#8217;s payment of general Company expenses during the Company&#8217;s
first months since inception and to compensate him for his services. Service expense of $112,505 was recognized due to the fair
value of the shares in excess of the value of the short term borrowing. These shares were recorded as common stock to be issued
and subsequently issued on the closing date of January 1, 2014.</P>

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

<P STYLE="margin: 0; text-align: justify">On April 24, 2013, the Company approved the issuance of 3.75 shares of common
stock (1,142,493 shares post-Exchange) to Hyler Fortier, our former Chief Operations Officer, in exchange for her services.
The market value of the issued shares is $31,870 and is approximated to be the fair market value of the services received.
These shares were recorded as Common Stock to be issued and subsequently issued on the Original Offering&#8217;s closing date
of January&nbsp;1, 2014.</P>

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

<P STYLE="margin: 0; text-align: justify">On April 24, 2013, the Company approved the
issuance of 3.00 shares of common stock (913,994 shares post-Exchange) to Stewart Fortier, our Chief Technology Officer, in exchange
for his services. The market value of the issued shares is $25,496 and is approximated to be the fair market value of the services
received. These shares were recorded as Common Stock to be issued and subsequently issued on the Original Offering&#8217;s closing
date of January&nbsp;1, 2014.</P>

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

<P STYLE="margin: 0; text-align: justify">On April 24, 2013, the Company approved the
issuance of 3.00 shares of common stock (913,994 shares post-Exchange) to Tyler Knight, our Chief Marketing Officer, in exchange
for his services. The market value of the issued shares is $25,496 and is approximated to be the fair market value of the services
received. These shares were recorded as Common Stock to be issued and subsequently issued on the Original Offering&#8217;s closing
date of January&nbsp;1, 2014.</P>

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

<P STYLE="margin: 0; text-align: justify">During the year ended December 31, 2013, the
Company issued 72.06 stock options (21,954,137 shares post-Exchange) to directors and officers of the Company. In addition, options
to purchase 42.81, 11.25, 9.0, and 9.0 shares (13,042,695, 3,427,478, 2,741,982 and 2,741,982 shares post-Exchange) of the Company&#8217;s
common stock at $1.00 per share were issued to Mr. Dietrich, Ms. Fortier, Mr. Fortier, and Mr. Knight, respectively. The options
vested through January 1, 2017 and contained an acceleration clause which was triggered on January 1, 2014 that caused all options
to vest immediately. On January 1, 2014, each officer exercised all options held at that time.</P>

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

<P STYLE="margin: 0; text-align: justify">On October 7, 2013, the Company entered into
an agreement to issue as compensation for services provided a total of 2.94 Series A Preferred shares (895,715 common shares post-Exchange)
with a market value of $24,998 to Douglas Leighton, the Company&#8217;s former director, for financial consulting services. The
market value of the shares approximated the fair market value of services received. These shares were recorded as Series A Preferred
Stock to be issued and subsequently issued on the Original Offering&#8217;s closing date of January 1, 2014.</P>

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

<P STYLE="margin: 0; text-align: justify">As payment for consulting services provided
in relation to the March 2014 Offering, we issued Dutchess a warrant exercisable into 4,050,000 shares of our common stock at
$0.001 per share, and a warrant exercisable into 2,375,000 shares of our common stock at $0.40 per share on March 24, 2014. Dutchess
is controlled by our former director, Douglas Leighton, and Michael Novielli. These warrants may be exercised any time after their
issuance date through and including the third anniversary of their issuance date. The Company also granted registration rights
to Dutchess covering all shares of common stock issuable upon the excise of the warrants.</P>

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

<P STYLE="margin: 0; text-align: justify">On May 1, 2014, the Company issued 100,000
shares of common stock to Jesus Quintero at $0.01 per share in exchange for his services as the Company&#8217;s Chief Financial
Officer for one year. These shares have a fair market value of $10,000.</P>

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

<P STYLE="margin: 0; text-align: justify">On June 4, 2014, each of Ean Seeb and Tripp
Keber, our independent directors, received the following pursuant to our 2014 Employee Incentive Plan for their service as a director:
(i) a Stock Award of 250,000 shares of our Common Stock valued at $25,000 and (ii) Options to purchase up to 750,000 shares of
our common stock at $0.10 per share, valued at $73,863.</P>

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

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

<P STYLE="margin: 0; text-align: justify">On October 28, 2014, each of Isaac Dietrich
and Stewart Fortier, our Chief Executive Officer and Chief Technology Officer, respectively, each agreed to participate in the
Company&#8217;s private offering that took place beginning September 15, 2014 and continued until March 11, 2015, whereby Mr.
Dietrich purchased $5,000 of the Company&#8217;s securities consisting of 10,000 shares of the Company&#8217;s common stock and
warrants to purchase 5,000 shares at $1 per share, while Mr. Fortier purchased $10,000 of the Company&#8217;s securities consisting
of 20,000 shares of the Company&#8217;s common stock and warrants to purchase 5,000 shares at $1 per share. On March 11, 2015,
E3 Events, LLC, which is controlled by our Director, Ean Seeb, purchased $15,000 of the Company&#8217;s securities consisting
of 30,000 shares of the Company&#8217;s common stock and warrants to purchase 15,000 shares at $1 per share. Each of these purchases
were made on the same terms as other, non-affiliated investors.</P>

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

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

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

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

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

<P STYLE="margin: 0; text-align: justify">Our &#8220;named executive officers&#8221; for the 2014
fiscal year consisted of the following individuals:</P>

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

<P STYLE="margin: 0 0 0 20pt; text-align: justify">Isaac Dietrich, our Chief Executive Officer</P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify">Stewart Fortier, our Chief Technology Officer</P>

<P STYLE="margin: 0 0 0 20pt; text-align: justify">Tyler Knight, our
Chief Marketing Officer</P>


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

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

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

<P STYLE="margin: 0; text-align: justify">The table below summarizes all compensation
awarded to, earned by, or paid to our Chief Executive Officer and our two most highly compensated executive officers who occupied
such position at the end of our last fiscal year for all services rendered in all capacities to us during the previous two fiscal
years.</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="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Name &amp; <BR> Principal <BR> Position</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">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">Salary <BR> $</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">Bonus<BR> $</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">Stock <BR> Awards (5)<BR> $</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">Option<BR> Awards (1)(5)<BR> $</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Non-Equity <BR> Incentive Plan <BR> Compensation<BR> $</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">All Other <BR> Compensation<BR> $</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">Total<BR> $</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 20%; text-align: center">Isaac Dietrich<BR> Chief Executive Officer, Director</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">2013</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">2014</P></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: 8%; text-align: right"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$8,750</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$53,000</P></TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; text-align: right"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">-</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">-</P></TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: right; vertical-align: middle">$</TD><TD STYLE="width: 7%; text-align: right; vertical-align: middle">112,505</TD><TD STYLE="width: 1%; text-align: left"><P STYLE="margin-top: 0; margin-bottom: 0">(2)</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">-</P></TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: right; vertical-align: middle">$</TD><TD STYLE="width: 7%; text-align: right"><P STYLE="margin-top: 0; margin-bottom: 0">363,811</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">-</P></TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 5%; text-align: center">- <BR>-</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 5%; text-align: center">- <BR>-</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; text-align: right"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$485,066</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$53,000</P></TD><TD STYLE="width: 1%; text-align: left">&nbsp;</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><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>&nbsp;</TD><TD>&nbsp;</TD>
    <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></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center">Stewart Fortier, <BR> Chief Technology Officer, Director</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">2013</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">2014</P></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$10,513</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$62,734</P></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">-</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">-</P></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: middle">$</TD><TD STYLE="text-align: right; vertical-align: middle">25,496</TD><TD STYLE="text-align: left">(3)<BR>
-</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: middle">$</TD><TD STYLE="text-align: right; vertical-align: bottom">76,485<BR>
-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">- <BR>-</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">- <BR>-</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$112,510</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$62,734</P></TD><TD STYLE="text-align: left">&nbsp;</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><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>&nbsp;</TD><TD>&nbsp;</TD>
    <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></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center">Tyler Knight, <BR>Chief Marketing Officer, Director</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">2013</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">2014</P></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$5,000</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$35,750</P></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">-</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">-</P></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: middle">$</TD><TD STYLE="text-align: right; vertical-align: middle">25,496</TD><TD STYLE="text-align: left">(4)<BR>
-</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: middle">$</TD><TD STYLE="text-align: right; vertical-align: bottom">76,485<BR>
-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">- <BR>-</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">- <BR>-</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$106,997</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$35,750</P></TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center">&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: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&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; 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">(1)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">On April 24, 2013, 42.81, 11.25, and 9.00 stock options (13,042,695, 3,427,478 and
2,741,982 shares post-Exchange) were issued as part of the employment agreements with Isaac Dietrich, Hyler Fortier and Stewart
Fortier, respectively. Each stock option allows the holder to purchase the same number of share of the Company&#8217;s common
stock at $1.00 per share (approximately $0.000003 per share post&#45;Exchange) per each individual option. The options vested
through January 1, 2017, and contained an acceleration clause which was triggered upon the closure of the Original Financing on
January 1, 2014 that caused all options to vest immediately, at which point all options were exercised. The fair market value
was calculated using the Black-Scholes options pricing model, assuming approximately 1.73% risk-free interest, 0% dividend yield,
200% volatility, and expected life of 7 years.</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">On April 24, 2013, the Company approved the issuance of 15.25 shares of common stock
(4,646,136 shares post-Exchange) to Isaac Dietrich, our Chief Executive Officer and Chairman, to repay $17,053 short term borrowing
related to Mr. Dietrich&#8217;s payment of general Company expenses during the Company&#8217;s first months since inception and
to compensate him for his services. Service expense of $112,505 was recognized due to the fair value of the shares in excess of
the value of the short term borrowing.</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">On April 24, 2013, the Company approved the issuance of 3.00 shares of common stock
(913,994 shares post-Exchange) to Stewart Fortier in exchange for his services. The market value of the issued shares is $25,496
and is approximated to be the fair market value of the services received. These shares were recorded as Common Stock to be issued
and subsequently issued on January 1, 2014.</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">On April 24, 2013, the Company approved the issuance of 3.00 shares of common stock
(913,994 shares post-Exchange) to Tyler Knight in exchange for his services. The market value of the issued shares is $25,496
and is approximated to be the fair market value of the services received. These shares were recorded as Common Stock to be issued
and subsequently issued on January 1, 2014.</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">These amounts are the aggregate fair value of the equity compensation paid to our
directors during the fiscal year. The aggregate fair value is computed in accordance with FASB ASC Topic 718. See Note 2 to our
audited financial statements contained in the Annual Report on Form 10-K regarding assumptions underlying valuation of equity
awards.</TD>
</TR></TABLE>



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

<P STYLE="margin: 0; text-align: justify"><B>Outstanding Equity Awards at December 31, 2014 Fiscal Year End</B></P>

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

<P STYLE="margin: 0; text-align: justify">No named executive officer had unexercised
outstanding equity awards at December 31, 2014.</P>

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

<P STYLE="margin: 0; text-align: justify"><B>Narrative Disclosure to Summary Compensation and Option Tables</B></P>

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

<P STYLE="margin: 0; text-align: justify">On April 24, 2013, we entered into an agreement with Isaac Dietrich, our Chief
Executive Officer and Chairman, to provide services to us. For his services for a term of four years and in repayment of
$17,053 of short term borrowing, Mr. Dietrich received compensation of $1 per month, and was provided a stock award of 15.25
shares (4,646,136 shares post-Exchange) and stock options which allowed Mr. Dietrich to purchase 42.81 shares (13,042,695
shares post-Exchange) of the Company&#8217;s common stock at $1.00 per share per each individual option. The options vested
through January 1, 2017, and contained an acceleration clause which was triggered upon the closure of the Original Financing
on January 1, 2014 that caused all options to vest immediately, at which point all options were exercised. <I> </I>The
agreement was amended on October 1, 2013 to require us to pay $3,500 monthly to Mr. Dietrich.</P>

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

<P STYLE="margin: 0; text-align: justify">On April 24, 2013, we entered into an agreement
with Tyler Knight to provide services to us. The agreement had a term of four years and required us to pay $1 monthly to Mr. Fortier
for her services, provided a stock award of 3.75 shares (913,994 shares post-Exchange) and provided stock options which allowed
Mr. Knight to purchase 9.00 shares (2,741,982 shares post-Exchange) shares of the Company&#8217;s common stock at $1.00 per share
per each individual option. The options vested through January 1, 2017, and contained an acceleration clause which was triggered
upon the closure of the Original Financing on January 1, 2014 that caused all options to vest immediately at which point all options
were exercised. <I> </I>The agreement was amended on October 1, 2013 to require us to pay $2,000 monthly to Mr. Knight.</P>

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

<P STYLE="margin: 0; text-align: justify">On April 24, 2013, we entered into an agreement
with Stewart Fortier to provide services to us. The agreement had a term of four years and required us to pay $20/hour to Mr.
Fortier for his services, provided a stock award of 3.0 shares (913,994 shares post-Exchange) and stock options which allowed
Mr. Fortier to purchase 9.00 shares (2,741,982 shares post-Exchange) of the Company&#8217;s common stock at $1.00 per share per
each individual option. The options vested through January 1, 2017, and contained an acceleration clause which was triggered upon
the closure of the Original Financing on January 1, 2014 that caused all options to vest immediately, at which point all options
were exercised. The agreement was amended on October 1, 2013 to require us to pay $30/hr to Mr. Fortier.</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">On April 1, 2014, MassRoots amended its employment
contract with Isaac Dietrich. For his services as Chief Executive Officer, Mr. Dietrich shall be compensated five thousand dollars
($5,000) per month.</P>

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

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

<P STYLE="margin: 0; text-align: justify">On March 31, 2015, MassRoots again amended
its employment contract with Isaac Dietrich. For his services as Chief Executive Officer, Mr. Dietrich shall be compensated seven
thousand five hundred dollars ($7,500) per month, effective April 1, 2015. The employment contract is &#8220;at-will&#8221; and
may be terminated by either party with or without cause with one (1) month&#8217;s written notice. No retirement plan, health
insurance or employee benefits program was awarded to Mr. Dietrich and he serves at the direction of the Board of Directors.</P>

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

<P STYLE="margin: 0; text-align: justify">On April 1, 2014, MassRoots amended its employment
contract with Stewart Fortier. For his services as Chief Technology Officer, Mr. Fortier shall be compensated six thousand five
hundred dollars ($6,500) per month. Upon the successful execution of all of our outstanding forty-cent ($0.40) warrants, Mr. Fortier&#8217;s
salary will increase to ten thousand dollars ($10,000) per month. The employment contract is &#8220;at-will&#8221; and may be
terminated by either party with or without cause with one (1) month&#8217;s written notice. No retirement plan, health insurance
or employee benefits program was awarded to Mr. Fortier and he serves at the direction of the Chief Executive Officer and Board
of Directors.</P>

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

<P STYLE="margin: 0; text-align: justify">On April 1, 2014, MassRoots amended its employment
contract with Tyler Knight. For his services as Chief Marketing Officer, Mr. Knight shall be compensated three thousand five hundred
dollars ($3,500) per month.</P>

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

<P STYLE="margin: 0; text-align: justify">On January 1, 2015, MassRoots again amended
its employment contract with Tyler Knight. For his services as Chief Marketing Officer, Mr. Knight shall be five thousand dollars
($5,000) per month. The employment contract is &#8220;at-will&#8221; and may be terminated by either party with or without cause
with one (1) month&#8217;s written notice. No retirement plan, health insurance or employee benefits program was awarded to Mr.
Knight and he serves at the direction of the Chief Executive Officer and Board of Directors.</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">On May 1, 2014, MassRoots executed an agreement with Jesus Quintero for Mr.
Quintero to serve as the Company&#8217;s Chief Financial Officer and provide it with financial consulting services. This
agreement creates an independent contractor relationship and has a term of one year. For this service, Mr. Quintero is paid
$2,000 per month and was issued a stock award of 100,000 shares of our common stock on June 6, 2014. No retirement plan,
health insurance or employee benefits program was awarded to Mr. Quintero and he serves at the direction of the Chief
Executive Officer and Board of Directors. This Agreement may be terminated by either party, with cause, upon ten (10) days
prior written notice to the other party. If terminated, Mr. Quintero would receive only the compensation earned, but unpaid
under the agreement.</P>

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

<P STYLE="margin: 0; text-align: justify">On May 1, 2015, MassRoots executed an agreement
with Jesus Quintero for Mr. Quintero to continue to serve as the Company&#8217;s Chief Financial Officer and provide it with financial
consulting services. This agreement creates an independent contractor relationship and has a term of one year. For this service,
Mr. Quintero is paid $2,000 per month. No retirement plan, health insurance or employee benefits program was awarded to Mr. Quintero
and he serves at the direction of the Chief Executive Officer and Board of Directors. This agreement may be terminated by either
party, without cause, upon ninety (90) days prior written notice to the other party. If terminated, Mr. Quintero would receive
only the compensation earned, but unpaid under the agreement. On October 1, 2015, MassRoots agreed to increase Jesus Quintero&#8217;s
compensation to $4,000 per month.</P>

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

<P STYLE="margin: 0; text-align: justify">At no time during the last fiscal year with
respect to any person listed in the Table above was there:</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">any outstanding option or other equity-based award re-priced or otherwise materially
modified (such as by extension of exercise periods, the change of vesting or forfeiture conditions, the change or elimination
of applicable performance criteria, or the change of the bases upon which returns are determined);</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">any waiver or modification of any specified performance target, goal or condition
to payout with respect to any amount included in non-stock incentive plan compensation or payouts;</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">any non-equity incentive plan award made to a named executive officer;</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">any nonqualified deferred compensation plans including nonqualified defined contribution
plans; 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: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">any payment for any item to be included under All Other Compensation (column (i))
in the Summary Compensation Table.</TD>
</TR></TABLE>

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

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

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

<P STYLE="margin: 0; text-align: justify">Information on the 2014 Plan is available
in the section of this prospectus entitled &#8220;Market For Common Stock&#8221; found above. </P>

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

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

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

<P STYLE="margin: 0; text-align: justify">Our interested directors do not receive additional
compensation for their service as directors.<I>&nbsp;</I></P>

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

<P STYLE="margin: 0; text-align: justify">The following table shows for the fiscal
year ended December 31, 2014, certain information with respect to the compensation of all non-employee directors of the Company:</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="border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; border-bottom: black 1pt solid"><B>Name</B></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Fees&nbsp;Earned&nbsp;or<BR> Paid in Cash</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">Stock<BR> Awards&nbsp;(1)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Option<BR> Awards&nbsp;(1)</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">Total</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 15%; text-align: left; text-indent: -12pt; padding-left: 12pt">Ean Seeb</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 13%; text-align: right">(2</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 15%; text-align: right">$0</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 13%; text-align: right">25,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 15%; text-align: right">$73,863</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 13%; text-align: right">93,836</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-left: 12pt">Tripp Keber</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: right">$0</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">25,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$73,836</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">93,836</TD><TD STYLE="text-align: left">&nbsp;</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">(1)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">These amounts are the aggregate fair value of the equity compensation paid to our
directors during the fiscal year. The aggregate fair value is computed in accordance with FASB ASC Topic 718. See Note 3 to our
consolidated financial statements contained in this Annual Report on Form 10-K regarding assumptions underlying valuation of equity
awards.</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">Messrs. Seeb and Keber joined the Company&#8217;s Board of Directors on June 4, 2014
and March 31, 2014, respectively.</TD>
</TR></TABLE>



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

<P STYLE="margin: 0; text-align: justify">On June 6, 2014, each of Ean Seeb and Tripp
Keber, our independent directors, received the following pursuant to our 2014 Employee Incentive Plan for their service as a director:
(i) a stock award of 250,000 shares of our Common Stock (the &#8220;Stock Award&#8221;) and (ii) options to purchase up to 750,000
shares of our common stock at $0.10 per share (each an &#8220;Option&#8221;) which vest as follows:</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">Beginning on October 1, 2014, 250,000 Options shall begin to vest over the period
of one year on a monthly basis, such that 20,833 Options shall vest on the first of each month, except for every third month when
20,834 Options shall vest;</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">Beginning on the later of (i) the date that Company attains 830,000 Users (&#8220;Users&#8221;
are defined for the purposes of the Options as the number of unique registrations for MassRoots Inc.&#8217;s network throughM
assRoots Inc.&#8217;s mobile application and/or website (final determination shall be by the Committee)) or (ii) October 1, 2015,
250,000 Options shall begin to vest over the period of one year on a monthly basis, such that 20,833 Options shall vest on the
first of each month, except for every third month when 20,834 Options shall vest; 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">Beginning on the later of (1) the date that Company attains 1,080,000 Users or (2)
October 1, 2016, 250,000 Options shall vest immediately.</TD>
</TR></TABLE>

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



<P STYLE="margin: 0; text-align: justify">All vesting per the above schedule shall cease
thirty days from the time the applicable director is dismissed from the Board, fails to win re-election by shareholders, or resigns
as a director. Each of the Options and Stock Awards granted to Messrs. Keber and Seeb shall not be exercised or sold, respectively,
unless (i) permitted by all Federal and state laws, including Rule 144 of the Securities Act, and (ii) all outstanding convertible
debentures have been redeemed or converted into shares of our common stock. As of December 31, 2014, 62,500 Options held by each
of Messrs. Seeb and Keber had vested and were available for exercise.</P>

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

<P STYLE="margin: 0; text-align: justify">No director received any compensation for
their service as a director for the year-ended December 31, 2013. </P>

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

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

<P STYLE="margin: 0; text-align: justify"><B>Indemnification of Officers and Directors</B></P>

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

<P STYLE="margin: 0; text-align: justify">Our Amended and Restated Certificate of Incorporation
provides that we shall indemnify our officers and directors to the fullest extent permitted by applicable law against all liability
and loss suffered and expenses (including attorneys&quot; fees) incurred in connection with actions or proceedings brought against
them by reason of their serving or having served as officers, directors or in other capacities. We shall be required to indemnify
a director or officer in connection with an action or proceeding commenced by such director or officer only if the commencement
of such action or proceeding by the director or officer was authorized in advance by the Board of Directors.</P>

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

<P STYLE="margin: 0; text-align: justify">We do not currently maintain director&#8217;s
and officer&#8217;s liability insurance but we may do so in the future.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</B></P>

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

<P STYLE="margin: 0; text-align: justify">The following table sets forth certain information
with respect to the beneficial ownership of common stock by: (i)&nbsp;each director, (ii)&nbsp;each of the executive officers
of the Company, (iii)&nbsp;all current directors and executive officers as a group, and (iv)&nbsp;each stockholder known to the
Company to be the beneficial owner of more than 5% of the outstanding shares of common stock.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Unless otherwise indicated in the footnotes
to the table, all information set forth in the table is as of September 30, 2015, and the address for each director and executive
officer of the Company is: c/o MassRoots, Inc., 1624 Market Street, Suite 201, Denver, CO 80202. The addresses for the greater
than 5% stockholders are set forth in the footnotes to this table.</P>

<P STYLE="font: 10pt 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="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Common Stock</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"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Number
                                         of Shares</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><B>Beneficially
                                         Owned (1)</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>Percentage</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><B>Outstanding (2)</B></P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -8.8pt; padding-left: 8.8pt">Directors and Officers</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: 50%; text-align: left">Isaac Dietrich</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 20%; text-align: right">17,703,831 (3)</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: 20%; text-align: right">38.54</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Stewart Fortier</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,685,976 (4)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8.02</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Tyler Knight</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,655,976</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7.96</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -8.8pt; padding-left: 8.8pt">Daniel Hunt</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">359,163 (15)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.78</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -8.8pt; padding-left: 8.8pt">Ean Seeb</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">586,666 (12)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.27</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -8.8pt; padding-left: 8.8pt">Tripp Keber</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">541,666 (13)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.17</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -8.8pt; padding-left: 8.8pt">Jesus Quintero</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">0.22</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.8pt; padding-left: 8.8pt">&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">All directors and named executive <BR>officers as a group (7&nbsp;persons)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">26,663,278</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">57.96</TD><TD STYLE="text-align: left">%</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="font-weight: bold; text-indent: -8.8pt; padding-left: 8.8pt">5% Stockholders</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; text-indent: -8.8pt; padding-left: 8.8pt">Douglas Leighton (5)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,625,238 (6)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">19.44% (7)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -8.8pt; padding-left: 8.8pt">Michael Novielli (8)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,930,469 (9)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14.78% (7)</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; text-indent: -8.8pt; padding-left: 8.8pt">Dutchess Opportunity Fund II, LP (10)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,180,469 &nbsp;(11)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13.57% (7)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -8.8pt; padding-left: 8.8pt">Hyler Fortier (14)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,569,970</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9.95</TD><TD STYLE="text-align: left">%</TD></TR>
</TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 8pt; 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 Company believes that each stockholder has sole voting and investment power with
respect to the shares of common stock listed, except as otherwise noted. The number of shares beneficially owned by each stockholder
is determined under rules of the SEC, and the information is not necessarily indicative of ownership for any other purpose. Under
these rules, beneficial ownership includes (i) any shares as to which the person has sole or shared voting power or investment
power and (ii) any shares which the individual has the right to acquire within 60 days after September 30, 2015 through the exercise
of any stock option, warrant, conversion of preferred stock or other right, but such shares are deemed to be outstanding only
for the purposes of computing the percentage ownership of the person that beneficially owns such shares and not for any other
person shown in the table. The inclusion herein of any shares of common stock deemed beneficially owned does not constitute an
admission by such stockholder of beneficial ownership of those shares of common stock .</TD>
</TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 8pt; 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">Based on 45,928,971 shares of common stock outstanding as of September 30, 2015.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 8pt; 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">The 17,703,831 shares of common stock include (i) 17,698,831 shares of common stock;
and (ii) 5,000 shares of common stock issuable upon exercise of $1 warrants. &nbsp;These are aggregated without regard to the
4.99% Blocker.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 8pt; 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">The 3,685,976 &nbsp;shares of common stock include (i) 3,675,976 shares of common
stock; and (ii) 10,000 shares of common stock issuable upon exercise of $1 warrants. &nbsp;These are aggregated without regard
to the 4.99% Blocker.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 8pt; 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">Douglas Leighton resigned from the Company&#8217;s Board of Directors as of March
25, 2014. His address is as follows: 50 Commonwealth Ave., Suite 2 Boston, MA 02116.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 8pt; 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">The 10,625,238 shares of our common stock, aggregated without regard to the 4.99%
Blocker, includes (i) 923,371 shares of our common stock held of record by Mr. Douglas Leighton; (ii) 771,398 shares of our common
stock held of record by Bass Point Capital, LLC (of which Mr. Leighton, as Managing Member, has sole voting power and dispositive
control); (iii) 1,000,000 shares of our common stock issuable to Bass Point Capital, LLC upon exercise of $0.001 warrants (iv)
$109,100 in convertible debentures held by Dutchess (which Mr. Leighton and Michael Novelli, as Managing Members, have shared
voting power and dispositive control), convertible into 1,091,000 shares of our common stock; (v) 2,963,659 shares of our common
stock issuable to Dutchess upon exercise of the $0.001 Consulting Warrants; (vi) 2,920,500 shares of our common stock issuable
to Dutchess upon exercise of the $0.40 Warrants; (vii) 205,310 shares of our common stock held by Dutchess;&nbsp;&nbsp;(viii)
$50,000 of convertible debentures held by Azure Capital, LLC (of which Mr. Leighton, as Managing Partner, has sole voting power
and dispositive control), convertible into 500,000 shares of our common stock; and (ix) 250,000 shares of our common stock issuable
to Azure Capital, LLC upon exercise of the $0.40 Warrants.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 8pt; 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">Each of the convertible debentures and warrants to purchase shares of our common stock
held of record and beneficially by Dutchess, Mr. Leighton and Mr. Novelli contain the 4.99% Blocker. As of the date noted above,
inclusive of the 4.99% Blocker, Dutchess, Mr. Leighton and Mr. Novelli beneficially own 4.99%, 4.99% and 4.99%, respectively,
of our issued and outstanding common stock.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 8pt; 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">Michael Novelli&#8217;s address is as follows: c/o Dutchess Global LLC, 1110 Rt. 55,
Suite 206, LaGrangeville, NY 12540.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 8pt; 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">The 7,930,469 shares of our common stock, aggregated without regard to the 4.99% Blocker,
includes (i) $109,100 in convertible debentures held by Dutchess (which Mr. Douglas Leighton and Mr. Michael Novelli, as Managing
Members, have shared voting power and dispositive control), convertible into 1,091,000 shares of our common stock; (ii) 2,963,659
shares of our common stock held by Dutchess issuable upon exercise of the $0.001 Consulting Warrants; (iii) (vi) 2,920,500 shares
of our common stock issuable to Dutchess upon exercise of the $0.40 Warrants; (iv) 205,310 shares of our common stock held by
Dutchess; (v) $50,000 in convertible debentures held by Dutchess Global Strategies Fund, LLC (which Mr. Novelli, as Managing Member,
has sole voting power and dispositive control), convertible into 500,000 shares of our common stock; and (vi) 250,000 shares of
our common stock issuable to Dutchess Global Strategies Fund, LLC upon exercise of the $0.40 Warrants.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 8pt; 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">Dutchess&#8217; address is as follows:&nbsp;&nbsp;Dutchess Opportunity Fund, II, LP
50 Commonwealth Ave., Suite 2 Boston, MA 02116.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 8pt; 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">Each of Mr. Michael Novielli and Mr. Douglas Leighton, as Managing Partners of Dutchess,
has voting power and dispositive control over these shares. The 7,180,469 shares of common stock are aggregated without regard
to the 4.99% Blocker and include (i) $109,100 in convertible debentures convertible into 1,091,000 shares of our common stock;
(ii) 2,963,659 shares of our common stock issuable upon exercise of the $0.001 Consulting Warrants; and (iii) 2,920,500 shares
of our common stock issuable upon exercise of the $0.40 Warrants, and (iv) 205,310 shares of our common stock.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 8pt; 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">The 550,833 shares of common stock consists of (i) 250,000 shares common stock held
by Denver Relief Consulting, which is controlled by Mr. Seeb, (ii) options held by Mr. Seeb to purchase 291,666 shares of our
common stock which had vested on September 30, 2015 or were exercisable within 60 days of such date, (iii) 30,000 shares of&nbsp;&nbsp;common
stock held by E-3 Events, which is controlled by Mr. Seeb, and (iv) 15,000 shares of common stock issuable upon exercise of $1
warrants, also held by E-3 Events. These amounts do not include the underlying shares related to options to purchase 458,334 shares
of our common stock which had not yet vested on September 30, 2015, were not exercisable within 60 days of such date, and/or contained
performance-based conditions.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 8pt; 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">The 541,666 shares of common stock consists of (i) 250,000 shares common stock held
by Dixie Holdings LLC, which is controlled by Mr. Keber, and (ii) options held by Mr. Keber to purchase 291,666 shares of our
common stock which had vested on September 30, 2015 or were exercisable within 60 days of such date. These amounts do not include
the underlying shares related to options to purchase 458,334 shares of our common stock held by Mr. Keber which had not yet vested
on September 30, 2015, were not exercisable within 60 days of such date, and/or contained performance-based conditions.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 8pt; 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">Ms. Fortier is the Company&#8217;s Director of Branding, a non-executive position
for the purposes of Item 401 of Regulation S&#45;K, and, until June 2015, was the Company&#8217;s Chief Operations Officer. Her
address is: c/o MassRoots, Inc., 1624 Market Street, Suite 201, Denver, CO 80202</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 8pt; 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">The 359,163 shares of common stock consists of (i) 230,000 shares of common stock;
(ii) 37,500 shares of common stock issuable upon exercise of the $0.40 Warrants; and (iii) options to purchase 91,663 shares of
our common stock which had vested on September 30, 2015 or were exercisable within 60 days of such date.&nbsp;&nbsp;These amounts
do not include underlying shares related to options to purchase 8,337 shares of our common stock which had not yet vested on September
30, 2015, were not exercisable within 60 days of such date, and/or contained performance-based conditions.</TD>
</TR></TABLE>

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

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

<P STYLE="margin: 0; text-align: justify">We are offering up to 6,200,000 shares
of our Common Stock, together with  up to 6,200,000 Warrants to purchase shares of Common Stock at a price equal to $[ ] per
share for gross proceeds of up to $8,000,000, before deduction of offering expenses. The shares of Common Stock and Warrants are
immediately separable and will be issued separately. This prospectus also relates to the offering of shares of our Common Stock
issuable upon exercise, if any, of the Warrants.</P>

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

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

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

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

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

<P STYLE="margin: 0; text-align: justify">The following description of our common
stock is intended as a summary only and is qualified in its entirety by reference to our amended and restated certificate of incorporation
and bylaws, which are filed as exhibits to the registration statement of which this prospectus forms a part.</P>

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

<P STYLE="margin: 0; text-align: justify">Our authorized common stock consists of 200,000,000 shares, par value $0.001 per
share, of which 45,928,971 shares were issued and outstanding as of September 30, 2015.</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">Each share of common stock entitles the holder
to one vote on all matters submitted to a vote of the stockholders. Except as otherwise required by Delaware law, the holders
of our common stock possess all voting power. Pursuant to Delaware law, directors of the Company are elected at the annual meeting
of the stockholders by a plurality of the votes cast at the election. According to our bylaws, in general, the affirmative vote
of a majority of the shares represented at a meeting and entitled to vote on any matter, is to be the act of our stockholders.
Our bylaws provide that a majority of the outstanding shares of the Company entitled to vote, represented in person or by proxy,
constitutes a quorum at a meeting of our stockholders. Our bylaws also provide that any action which may be taken at any annual
or special meeting of our stockholders may be taken without a meeting if a written memorandum, setting forth the action so taken,
is signed by all of the holders of outstanding shares of our common stock.</P>

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

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

<P STYLE="margin: 0; text-align: justify"><BR>The holders of our common stock
are entitled to receive dividends as may be declared by our Board of Directors out of funds legally available for dividends. Our
board of directors is not obligated to declare a dividend. Any future dividends will be subject to the discretion of our board
of directors and will depend upon, among other things, future earnings, the operating and financial condition of our company,
its capital requirements, general business conditions and other pertinent factors. We have not paid any dividends since our inception
and we do not anticipate that dividends will be paid in the foreseeable future.</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">In the event of our liquidation, dissolution
or winding up, each share of our common stock is entitled to share ratably in any assets available for distribution to holders
of our common stock after satisfaction of all liabilities, subject to rights, if any, of the holders of any of our other securities.</P>

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

<P STYLE="margin: 0; text-align: justify">Our common stock is not convertible or redeemable
and has no preemptive, subscription or conversion rights. There are no conversions, redemption, sinking fund or similar provisions
regarding our common stock.</P>

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

<P STYLE="margin: 0; text-align: justify">Our common stock, after the fixed consideration
thereof has been paid or performed, are not subject to assessment, and the holders of our common stock are not individually liable
for the debts and liabilities of our company.</P>

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

<P STYLE="margin: 0; text-align: justify">Our bylaws provide that our Directors may
amend our bylaws by a majority vote of Directors or a majority vote of our shareholders.</P>

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

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

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

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

<P STYLE="margin: 0; text-align: justify"><I>The following summary of certain terms
and provisions of the Warrants offered hereby is not complete and is subject to, and qualified in its entirety by the provisions
of the form of the Warrant, which is filed as an exhibit to the Registration Statement of which this Prospectus is a part of.
Prospective investors should carefully review the terms and provisions set forth in the form of warrant.</I></P>

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

<P STYLE="margin: 0; text-align: justify"><I>Exercise Price.&nbsp;</I>The exercise price per share of Common Stock
purchasable upon exercise of the Warrants is $[ ]. If we, at any time while the warrants are outstanding, pay a stock
dividend on our Common Stock or otherwise make a distribution on any class of capital stock that is payable in shares of our
Common Stock, subdivide outstanding shares of our Common Stock into a larger number of shares or combine the outstanding
shares of our Common Stock into a smaller number of shares, then, the number, class and type of shares available under the
Warrants and the exercise price will be correspondingly adjusted to give the holder of the Warrant, on exercise for the same
aggregate exercise price, the total number, class, and type of shares or other property as the holder would have owned had
the Warrant been exercised prior to the event and had the holder continued to hold such shares until the event requiring
adjustment.</P>

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

<P STYLE="margin: 0; text-align: justify"><I>Exercisability</I>. Warrants may be exercised beginning on the date of original
issuance and at any time up to the date that is  three years from the initial  issuance date.</P>

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

<P STYLE="margin: 0; text-align: justify"><I>Cashless Exercise</I>. The Warrants do
not contain a cashless exercise provision.</P>

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

<P STYLE="margin: 0; text-align: justify"><I>Exchange Listing</I>. We do not plan on
making an application to list the Warrants on the NASDAQ Capital Market, any national securities exchange or other nationally
recognized trading system.</P>

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

<P STYLE="margin: 0; text-align: justify"><I>Rights as a Stockholder</I>. Except by
virtue of such holder&#8217;s ownership of shares of our Common Stock, the holders of the Warrants do not have the rights or privileges
of holders of our Common Stock, including any voting rights, until they exercise their Warrants; provided, however, that if we
choose to engage in a rights offering or make a distribution of our assets to our common stockholders as a class, the holders
of the Warrants will have the right to participate in such distributions as if they had exercised the warrants.</P>

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

<P STYLE="margin: 0; text-align: justify"><I>Fundamental Transactions</I>. The Warrants will survive an acquisition
or similar fundamental change of control transaction. In addition, upon a change of control merger or a non-surviving merger
of the Company, the holders of the Warrants will have the right to require us or our successor to provide such property or
securities that the holder would have received but for the transaction occurring. </P>

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

<P STYLE="margin: 0; text-align: justify"><I>Limits on Exercise of Warrants</I>. The holder will not have the right to exercise any portion of
the Warrant if the holder, together with its affiliates, would beneficially own in excess of 4.99% of the number of shares of
our Common Stock (including securities convertible into Common Stock) outstanding immediately after the exercise.</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">As of the date of this prospectus, no shares
of preferred stock are outstanding. Pursuant to our Amended and Restated Certificate of Incorporation, our Board has the authority,
without further action by the stockholders, to issue from time to time up to 21 shares of preferred stock in one or more series.
The only series which has been issued previously is Series A Preferred Stock, none of which is currently outstanding as of the
date of this registration statement, of which this prospectus is a part of. Among other rights and privileges, holders of Series
A Preferred Stock are entitled to a cumulative dividend of 7% annually, preferential payments over common stock in the case of
liquidation, merger, and other events, and the ability to convert their Series A Preferred Stock to common stock on a one to one
basis (taking into account any unpaid dividends). This right to convert on a one to one basis to common stock is unaffected by
the Exchange. Each share of Series A Preferred Stock entitles the holder to cast the number of votes equal to the number of whole
shares of common stock into which the shares of Series A Preferred Stock held are convertible as of the record date. The holders
of record of the shares of Series A Preferred Stock, exclusively and as a separate class, shall be entitled to elect 2 directors
of the Company. </P>

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

<P STYLE="margin: 0; text-align: justify">We currently have no plans to issue any shares of preferred stock.</P>

<P STYLE="margin: 0; text-align: justify"><B>&nbsp;</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"><B>MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATION</B></P>

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

<P STYLE="margin: 0; text-align: justify"><I>You should read the following discussion
of our financial condition and results of operations in conjunction with financial statements and notes thereto included elsewhere
in this prospectus. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs.
Our actual results could differ materially from those discussed in the forward-looking statements. Factors that could cause or
contribute to these differences include those discussed below and elsewhere in this prospectus, particularly in &#8220;Risk Factors&#8221;.</I></P>

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

<P STYLE="margin: 0; text-align: justify">MassRoots, Inc. was incorporated in
the state of Delaware on April 24, 2013, to be a mobile network for the cannabis community. We are a development-stage company
and have generated only minimal revenues from business operations. Our independent registered public accounting firm has issued
a going concern opinion. This means there is substantial doubt that we can continue as an on-going business unless we obtain additional
capital to pay our ongoing operational costs. Accordingly, we must locate sources of capital to pay our operational costs.</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; background-color: Silver">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 98%; text-align: left; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid"><B>Discussion
                                         as of December 31, 2014:</B></TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
</TABLE>




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

<P STYLE="margin: 0; text-align: justify">Our operational expenditures are primarily
related to development of the MassRoots platform, marketing costs associated with getting users to join our network and engage
with other users, and the costs of being a fully reporting company with the Securities and Exchange Commission. As of February
25, 2015, MassRoots has built a network of 325,000 users and facilitated 75 million Interactions. This growth has been aided by
the growing use of mobile applications and the popularity of the marijuana legalization movement among young adults, our primary
users.</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">Since inception on April 24, 2013, and during
the year ended December 31, 2014, our business operations have been primarily focused developing our mobile applications, websites
and increasing our user base.</P>

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

<P STYLE="margin: 0; text-align: justify">We have generated only minimal revenues from
our operations thus far.&nbsp; We cannot guarantee we will be successful in our business operations.&nbsp; Our business is subject
to risks inherent in the establishment of a new business enterprise, including the financial risks associated with the limited
capital resources currently available to us for the implementation of our business strategies.&nbsp; To become profitable and
competitive, we must develop the business plan and execute the plan.</P>

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

<P STYLE="margin: 0; text-align: justify">For the year ended December 31, 2014, we generated
$9,030 in advertising revenues, while we generated $470 in advertising revenues from April 24, 2013 (inception) through December
31, 2013. For the six months ended December 31, 2014, we generated $7,291 in advertising revenues, while we generated $1,739 in
advertising revenues from January 1 to June 30, 2014. This revenue was primarily generated from our Marijuana Tech Startup Weekend
we hosted in late September, 2014, an event designed to recruit development talent for the MassRoots team. These revenues are
not indicative of our future monetization strategy and will most likely decrease during the early part of 2015.</P>

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

<P STYLE="margin: 0; text-align: justify">For the year ended December 31, 2014, we incurred
$1,615,563 in operating expenses, related principally to stock warrants issued for services and legal expenses. &nbsp;Excluding
expenses related to the stock warrants, common stock and stock options issued for services, our total operating expenses for the
year ended December 31, 2014 was $969,834. These expenses were primarily related to the continuous development of new features
for the MassRoots App, advertising to expand MassRoots&#8217; userbase during 2014 and costs related to filing our S-1 Registration
Statement with the Securities and Exchange Commission. Operating expenses for 2015 are likely to increase above 2014&#8217;s as
we continue to expand the MassRoots Team and invest significant resources in scaling our userbase.</P>

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

<P STYLE="margin: 0; text-align: justify">From April 23, 2013 (inception) through December
31, 2013, we incurred $919,593 in operating expenses.&nbsp; Expense related to equity awards (common stock and options) issued
for services by our executive officers was the largest category of expense, totaling $832,797.&nbsp; Excluding expenses related
to the equity grants, our total operating expenses cumulative since inception through December 31, 2014 was $86,796.</P>

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

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

<P STYLE="margin: 0; text-align: justify"><I>Product Trends and User Growth </I></P>

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

<P STYLE="margin: 0; text-align: justify">MassRoots started 2014 with fewer than 20,000
users and as those people were mainly the early adopters, their usage patterns and feedback weren&#8217;t necessary indicative
of the larger market. We knew that if MassRoots was to continue to scale, we would need to adjust our branding and marketing strategy
to appeal to a wide variety of cannabis consumers and reach them in environments where our messaging would have the most impact.</P>

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

<P STYLE="margin: 0; text-align: justify">During the year, we utilized social networks,
such as Instagram to help expand our user base. We viewed this as a strong potential market for us to capture as these users were
already discussing cannabis in a social environment on a mobile application. MassRoots currently has one of the largest cannabis-related
followings on Instagram with 162,000 followers as of March 23, 2015 and we utilize the platform to highlight the best content
from our community as well as engaging in pro-legalization advocacy.</P>

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

<P STYLE="margin: 0; text-align: justify">By April 2014, MassRoots had scaled to 100,000
users and continued to reinvest in our network. By late September 2014, MassRoots had scaled to over 170,000 users.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We designed our product in that way so a significant
portion of our users would immediately feel comfortable with the design and functionality of our app. We believe this serves as
a solid foundation from which we can develop additional features specifically for the cannabis community, such as giving users
the ability to tag the particular strain of cannabis they&#8217;re smoking. The MassRoots Android Application saw the greatest
improvement in user-experience and functionality over the course of 2014 and is now more advanced than our iOS Application in
many aspects, such as our new Discover page that gives users more effective ways to find the best content on our network.</P>

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

<P STYLE="margin: 0; text-align: justify">Since MassRoots&#8217; inception, we have
been focused on building an active and engaged community on our platform, not generating revenue. When we reach a critical mass
of users and state regulations permit, we will begin pushing updates to our applications to facilitate order ahead, delivery,
and in-app purchase of ancillary products. When fully developed, we will be able to deploy these features to hundreds of thousands
of users simultaneously on a platform they&#8217;re already using for their marijuana-related activities. We do not believe we
will have the development resources to launch these features until late 2015 or early 2016.</P>

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

<P STYLE="margin: 0; text-align: justify">We formally launched MassRoots for Business,
a suite of tools and analytics to help businesses better engage with the MassRoots community, to Colorado businesses in March
2015. We currently have over 50 dispensaries actively posting on our network and we are not charging dispensaries to create an
account and distribute content to their followers. We view this an opportunity to introduce MassRoots to the business community,
build a working relationship, and then push additional, paid features out over time such sponsored posts. Like our user-facing
applications, we believe the most important thing is get people using our products. Prospective businesses may request access
at Business.MassRoots.com.</P>

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

<P STYLE="margin: 0; text-align: justify">Throughout 2014, Colorado increasingly emerged
as the leading adult-use cannabis market with strong, effective regulations and a healthy business ecosystem. We believe that
whatever products and services are able to capture the Colorado market will export to the rest of the country as legalization
spreads. Our main focus in 2015 is to continue to capture market share of both users and dispensaries in Colorado and other areas.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We believe that MassRoots is the largest and
most active social network of cannabis consumers. Over the coming months, MassRoots plans to develop or review potential acquisitions
of leading software solutions for consumers, businesses and developers in the cannabis industry</P>

<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"><B>Liquidity And Capital Resources</B></P>

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

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

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

<P STYLE="margin: 0; text-align: justify">On March 24, 2014, we completed the March
2014 Offering, where we offered $475,000 of our securities to certain accredited and non-accredited investors consisting of (i)
$269,100 of principle face amount debentures convertible into shares of the Corporation&#8217;s common stock at $0.10 per share
(the &#8220;Debentures&#8221;), together with the warrants, exercisable into an amount of our common stock equal to fifty percent
(50%) of the common stock underlying the Debentures, at $0.40 per share; and (ii) 2,059,000 shares of our common stock at $0.10
per share, together with a warrant, exercisable into an amount of our common stock equal to fifty percent (50%) of the Common
Stock purchased, at $0.40 per share.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">From September 15, 2014 to December 31, 2014,
we completed an offering of $524,000 of our securities to certain accredited and non-accredited investors consisting of 1,048,000
shares of our common stock at $0.50 per share, with a warrant, exercisable into an amount of our common stock equal to fifty percent
(50%) of the common stock purchased, at $1.00 per share.</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">Our current cash on hand as of December 31,
2014 was $141,928. Our&nbsp;cash on hand as of December 31, 2013 was $80,479.&nbsp; The increase of cash on hand was primarily
due to further issuances of our common stock for cash, offset significantly by increases in our operating expenses due to becoming
a public company and continuing to expand MassRoots&#8217; payroll and advertising budgets.</P>

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

<P STYLE="margin: 0; text-align: justify">We currently have no external sources of liquidity
such as arrangements with credit institutions or off-balance sheet arrangements that will have or are reasonably likely to have
a current or future effect on our financial condition or immediate access to capital.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We are dependent on the sale of our securities
to fund our operations, and will remain so until we generate sufficient revenues to pay for our operating costs. Our officers
and directors have made no written commitments with respect to providing a source of liquidity in the form of cash advances, loans
and/or financial guarantees.</P>

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

<P STYLE="margin: 0; text-align: justify">If we are unable to raise the funds we will
seek alternative financing through means such as borrowings from institutions or private individuals. There can be no assurance
that we will be able to raise the capital we need for our operations from the sale of our securities. We have not located any
sources for these funds and may not be able to do so in the future. We expect that we will seek additional financing in the future.
However, we may not be able to obtain additional capital or generate sufficient revenues to fund our operations. If we are unsuccessful
at raising sufficient funds, for whatever reason, to fund our operations, we may be forced to cease operations. If we fail to
raise funds we expect that we will be required to seek protection from creditors under applicable bankruptcy laws.</P>

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

<P STYLE="margin: 0; text-align: justify">Our independent registered public accounting
firm has expressed doubt about our ability to continue as a going concern and believes that our ability is dependent on our ability
to implement our business plan, raise capital and generate revenues. See Note 6 of our financial statements.</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We had&nbsp;net cash used in operations for
the year ended December 31, 2014 and from April 23, 2013 (inception) to December 31, 2013 of $922,955 and $85,052, respectively.&nbsp;For
the year ended December 31, 2014,&nbsp;net cash used was mainly attributed to our loss of $2,436,142&nbsp;offset by the cash provided
from&nbsp;stock warrants and stock options issued for services and changes in derivative liabilities. While from April 23, 2013
(inception) through December 31, 2013, the $85,052 cash used was attributed to loss for the period offset by cash provided by
equity issuances for services.</P>

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

<P STYLE="margin: 0; text-align: justify">We had net cash used in investing activities
for the year ended December 31, 2014 and April 23, 2013 (inception)&nbsp;thru December 31, 2013 of $14,667 and $1,522, respectively.&nbsp;</P>

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

<P STYLE="margin: 0; text-align: justify">We had&nbsp;net cash used in financing activity&nbsp;for
the year ended December 31, 2014 and April 23, 2013 (inception) through December 31, 2013 of $999,072 and $167,053, respectively.&nbsp;These
amounts were attributed to equity issuances throughout the&nbsp;periods.&nbsp;&nbsp;</P>

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

<P STYLE="margin: 0; text-align: justify"><I>Required Capital Over the Next Fiscal Year</I></P>

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

<P STYLE="margin: 0; text-align: justify">We believe we will have to raise an additional
$2.5 million to fund our operations through the end of the 2015 fiscal year, including roughly $250,000 to remain current in our
filings with the SEC. There can be no guarantee or assurances that we will be able to raise such capital and if we do, it will
likely dilute existing shareholders. We do not believe we will generate significant revenue until at least fiscal year 2016 and
there can be no assurances that we will be successful in our initiatives or reach profitability.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif; background-color: Silver">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid"><B>Discussion as of March 31, 2015:</B></TD></TR>
</TABLE>



<P STYLE="margin: 0; text-align: justify"><BR>
MassRoots&#8217; primary objective for the first quarter of 2015 was getting our application back into App Store. On November
4, 2014, the App Store had removed MassRoots from sale and created a rule that all social cannabis applications were prohibited.
This greatly limited MassRoots&#8217; growth as our network was only available on Android, web and mobile web platforms. On January
5, 2015, we launched several posts on MassRoots, Instagram, Twitter and Facebook encouraging our users and followers to send personal
emails to the App Store on why they love our application. Within a week, over 10,000 cannabis enthusiasts had sent personal emails
to Apple demanding MassRoots return to the App Store.</P>

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

<P STYLE="margin: 0; text-align: justify">We then shifted our focus to uniting
the cannabis business community against Apple&#8217;s policy. MassRoots drafted a letter with the ArcView Group and National Cannabis
Industry Association stating the App Store was,&nbsp;&#8220;limit[ing] consumer choice to dispensary locators and strain guides,
preventing the innovation that the App Store has spawned for countless other industries. In the cannabis sector, these innovations
will allow patients to more effectively communicate, to have their medicine delivered directly to their homes, and will allow
the industry to operate in a safer and more efficient manner.&#8221; Dozens of dispensaries, cannabis investment firms and fellow
technology companies joined as signatories and in mid-January, the letter was mailed to Apple&#8217;s leadership.</P>

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

<P STYLE="margin: 0; text-align: justify">Once it was clear that we had the support
of cannabis consumers and business community, we began to tell our story to the press. In late January, MassRoots&#8217; App Store
campaign made the front page of the Denver Post and Buzzfeed.com, galvanizing even more support for our cause. In mid-February,
Apple reformed their social cannabis application policies and MassRoots returned to the App Store with no conceptual changes.
The App Store only mandated that a hard geo-fence be implemented on MassRoots: all users must give the app permission to access
their location from their cell phone carrier and if they are not located in the 23 states with medical cannabis laws, they are
prohibited from accessing MassRoots.</P>

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

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

<P STYLE="margin: 0; text-align: justify">Once MassRoots returned to the App
Store, we immediately shifted our focus back to rapidly scaling our network. MassRoots started the first quarter with a little
over 200,000 registered users; by late March, 2015 that amount had grown to 325,000 registered users or an increase of 37.5% for
the quarter, despite the fact that MassRoots was unavailable in the App Store from November&nbsp;4, 2014 to February 14, 2015.
MassRoots expects to cross 500,000 users during third quarter of 2015 and 1,000,000 users during first quarter of 2016.</P>

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

<P STYLE="margin: 0; text-align: justify">We launched MassRoots for Business
in early March 2015 as a free online portal for dispensaries to schedule posts, view analytics and gain insights into their followers.
Over 100 dispensaries and cannabis brands were using MassRoots for Business by March 31, 2015. Over the coming months, we will
expand its functionality to allow businesses to sponsor posts in our users&#8217; newsfeeds and begin to monetize our network.
We believe we will have 1,000 dispensaries using MassRoots for Business and begin to receive revenue during the second half of
a 2015. We plan to have a 20% paid conversion rate during third quarter of 2015 and 2,500 dispensaries with a 40% paid conversion
rate during first quarter of 2016. We define paid conversion rate as the percent of dispensaries who are paying MassRoots cash
for value or services we provide to them.</P>

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

<P STYLE="margin: 0; text-align: justify">During the first quarter of 2015, MassRoots
raised $342,000 at $0.50 per share in a private offering with each share including a warrant for one-half share of common stock
at $1.00 per share. We also engaged Chardan Capital, as a placement agent for a private placement at $0.60 per share that occurred
during the second quarter of 2015 and has since terminated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">MassRoots focused on building our development
team during first quarter of 2015. In March, MassRoots hired Alan Janis as our Director of Technology, who was previously a cloud
infrastructure engineer at Photobucket and Yahoo. We also extended employment offers to Vixay Sysouthavongsa as our UI/UX Director,
Thomas Gibbs as our Lead Mobile Developer and Adam Cooper as our lead iOS Developer. We expect to continue expanding our development
team during the second quarter 2015. We believe that by hiring the most talented engineers we can find, MassRoots will develop
the best products and services for consumers and businesses in the cannabis industry.</P>

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

<P STYLE="margin: 0; text-align: justify">MassRoots&#8217; primary goals for 2015 are building out features and services
that attract new users and increase their engagement while, at the same time, significantly investing in the growth and
infrastructure of our network. Our lack of profitability today is part of a deliberate strategy of prioritizing our limited
resources on what will deliver the greatest long-term value for our shareholders: a growing and thriving user-base of end
cannabis consumers. In order to build that user-base, our developers must focus on creating the best user experience, our
marketing staff must be focused on acquiring end-cannabis consumers and our leadership team needs to focus on the requisite
strategies to reach a critical mass of users; once that has been accomplished, we can start focusing on developing, marketing
and growing an advertising platform that will connect cannabis-related businesses to end cannabis consumers.</P>

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

<P STYLE="margin: 0; text-align: justify">Over the coming months, MassRoots plans
to develop, partner with, or acquire leading software solutions for consumers, businesses and developers in the cannabis industry.
By doing so, we are seeking to create a valuable distribution channel for cannabis and its ancillary products.</P>

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

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

<P STYLE="margin: 0; text-align: justify"><B><U>Results of Operations</U></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">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="15" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">For the three-months ended</TD></TR>
<TR STYLE="text-align: center; vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold">March 31, 2015</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold">March 31, 2014</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold">$ Change</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold">% Change</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 40%; text-align: justify; padding-left: 5.4pt">Gross profit</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">241</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">305</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">(64</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">-21.0</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></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-left: 5.4pt">General and administrative expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">565,051</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">681,507</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(116,456</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-17.1</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></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-left: 5.4pt">Loss from Operations</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(564,810</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(681,202</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">116,392</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-17.1</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></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-left: 5.4pt">Other Income /(Expense)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14,301</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,263</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,564</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-1232.3</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></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-left: 5.4pt">Net Loss</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(550,509</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(682,465</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">131,956</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(0</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-left: 5.4pt">Net loss per share - basic and diluted</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(0.01</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">N/A</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">N/A</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">N/A</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

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

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

<P STYLE="margin: 0; text-align: justify">Since inception on April 24, 2013,
our business operations have been primarily focused developing our mobile applications, websites and increasing our user base.</P>

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

<P STYLE="margin: 0; text-align: justify">We have generated only minimal revenues
from our operations thus far. We cannot guarantee we will be successful in our business operations. Our business is subject to
risks inherent in the establishment of a new business enterprise, including the financial risks associated with the limited capital
resources currently available to us for the implementation of our business strategies. To become profitable and competitive, we
must develop the business plan and execute the plan.</P>

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

<P STYLE="margin: 0; text-align: justify">We are unable to provide a timeline
for the generation of revenues which casts substantial doubt on the viability of our business and our ability to continue as a
going concern.</P>

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

<P STYLE="margin: 0; text-align: justify">For the three months ended March 31,
2015 and March 31, 2014, we generated revenues of $941 and $995, respectively, from our business operations. These revenues were
primarily from merchandise purchased through Store.MassRoots.com.</P>

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

<P STYLE="margin: 0; text-align: justify"><U>Cost and Expenses</U></P>

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

<P STYLE="margin: 0; text-align: justify">Operating expenses decreased from $681,507
for the three months ended March 31, 2014 to $565,051 for the three months ended March 31, 2015. The $116,456 decrease is partially
attributed to a $391,045 reductions in equity issuances for services during the three months ended March 31, 2015 versus the three
months ended March 31, 2014; this was offset by increases in payroll expenses for the three months ended March 31, 2015, $130,022
versus the three months March 31, 2014 as the company increased its headcount due to increase in operational activities.</P>

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

<P STYLE="margin: 0; text-align: justify">During the first quarter of 2015, we issued $113,712 worth of common stock in
exchange for services rendered to the Company, as compared to $0 worth of common stock issued during the first quarter of
2014. These issuances were comprised of 200,000 shares to Chardan Capital for a retainer in an investment banking
relationship and 230,000 shares to five employees and consultants under our 2014 Plan.</P>

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

<P STYLE="margin: 0; text-align: justify">During the first quarter of 2015, we
incurred $53,589 in advertising expenses, as compared to $30,504 during the first quarter of 2014. The increase was primarily
driven by an increase in conference and event-related sponsorships and advertising through Instagram and Twitter accounts with
large followings.</P>

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

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

<P STYLE="margin: 0; text-align: justify">During the first quarter of 2015, we
incurred $65,989 in independent contractor expenses, as compared to $22,067 during the first quarter of 2014. These expenditures
were primarily related to the development of our mobile apps and during the first quarter ended March 31, 2015, we spent $47,960
through TopTal, an outsourced development service. In late March, we recruited in-house developers to replace these independent
contractors and we expect independent contractor-related expenditures will decrease in coming quarters as payroll expense increase.</P>

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

<P STYLE="margin: 0; text-align: justify">During the first quarter of 2015, we
incurred $162,930 in payroll expenses, as compared to $32,908 during the first quarter of 2014. These increases were primarily
related caused by an increase in employees from four during the first quarter of 2014 to 16 during the first quarter of 2015.
In March, we began building out an in-house development team which we expect to increase payroll-related expenditures in coming
quarters.</P>

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

<P STYLE="margin: 0; text-align: justify">During the first quarter of 2015, we
incurred $47,009 in expenses related to the issuance of options, as compared to $0 during the first quarter of 2014. We issued
1,065,000 options to 21 employees and consultants at $0.50 per share under our 2014 Employee Stock Option Program.</P>

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

<P STYLE="margin: 0; text-align: justify">During the first quarter of 2015, we
incurred $100,968 in other general and administrative expenses, as compared to $30,997 during the first quarter of 2014. These
expenses were primarily comprised of $25,931 in accounting and consulting-related expenditures, including our annual audit, $27,390
in Dues and Subscriptions, including our OTCQB and DTC application fees and a $10,000 donation to the National Cannabis Industry
Association, $11,521 in server hosting fees, and $20,168 in travel-related expenditures.</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">The Company realized a gain related
to the fair value mark to market adjustments of its derivative liabilities of $42,737 for the three months ended March 31, 2015
versus $0 for the three months ended March 31, 2014. These derivative liabilities were determined as of December 31, 2014. This
gain was offset by an increase in amortization of discount on notes payable for the three months ended March 31, 2015 of $26,146
versus $1,263 for the three months ended March 31, 2014. Interest expense related to the derivatives was $2,290 for the three
months ended March 31, 2015 versus $0 for the three months ended March&nbsp;31, 2014.</P>

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

<P STYLE="margin: 0; text-align: justify">For the three months ended March 31
2015 and March 31, 2014, we had net losses of $550,509 and $682,465, respectively.</P>

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

<P STYLE="margin: 0; text-align: justify"><B>Liquidity and Capital Resources</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="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="text-align: justify">For the three months ended March 31, 2015 and 2014, our cash flows were:</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<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">Three months ended</TD></TR>
<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">March 31,</TD></TR>
<TR STYLE="text-align: center; vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold">2015</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold">2014</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="text-align: center; border-bottom: Black 1pt solid">(Unaudited)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 56%; font-weight: bold; text-align: justify; padding-left: 5.4pt">Net cash provided by operating activities</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">($</TD><TD STYLE="width: 12%; text-align: right">409,141</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">($</TD><TD STYLE="width: 12%; text-align: right">122,571</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: justify; padding-left: 5.4pt">Net cash used in investing activities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">($</TD><TD STYLE="text-align: right">9,896</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">($</TD><TD STYLE="text-align: right">6,231</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: justify; padding-left: 5.4pt">Net cash provided by financing activities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">332,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">375,200</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0; text-align: justify"><BR> Net cash used in operations during the three months ended March 31, 2015 and
March 31, 2014 was $409,141 and $122,571, respectively.&nbsp;During the three months ended March 31, 2015,&nbsp;net cash used
of $409,141 was attributed to the cash used from the loss for the three month period and also increases in other receivables,
prepaid expense, deposits and inputted interest expense, while being offset by cash provided from equity issuances for
services, amortization of discount on notes payable and an increase in accounts payable and accrued expenses. For the three
months ended March 31, 2014, net cash used of $122,571 was attributed to cash used from the loss for the period which was
offset by cash provided by equity issuances and an increase in accounts payable and accrued expenses.</P>

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

<P STYLE="margin: 0; text-align: justify">Net cash used in investing activities
was $9,896 and $6,231 for the three months ended March 31, 2015 and March 31, 2014, respectively. These were mainly attributed
to the purchase of equipment, primarily computers.</P>

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

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

<P STYLE="margin: 0; text-align: justify">Net cash provided by financing activities&nbsp;for
the three months ended March 31, 2015 and March 31, 2014 was $332,000 and $375,200, respectively.&nbsp;These amounts were attributed
to equity issuances throughout the&nbsp;periods.&nbsp;</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">Our current cash on hand as of March
31, 2015 was $54,891, which will be used to meet our operational expenditures for one month. Subsequent to the close of the quarter,
we closed a $576,200 private offering and have received $115,000 in proceeds from warrant exercises.</P>

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

<P STYLE="margin: 0; text-align: justify">We currently have no external sources
of liquidity such as arrangements with credit institutions or off-balance sheet arrangements that will have or are reasonably
likely to have a current or future effect on our financial condition or immediate access to capital. We are dependent on the sale
of our securities to fund our operations, and will remain so until we generate sufficient revenues to pay for our operating costs.
Our officers and directors have made no written commitments with respect to providing a source of liquidity in the form of cash
advances, loans and/or financial guarantees.</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">During the first quarter of 2015, MassRoots
sold 684,000 shares of unregistered common stock for $342,000. For every two shares purchased in the round, a warrant to purchase
one share of common stock at $1.00 per share was included (684,000 total warrants at $1.00 per share). This round was closed on
March 11, 2015.</P>

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

<P STYLE="margin: 0; text-align: justify"><I>Required Capital Over the Next Fiscal
Year</I></P>

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

<P STYLE="margin: 0; text-align: justify">We expect MassRoots will able to raise
up to $2.8 million over the next fiscal year if warrant holders choose to exercise their warrants. However, there is no guarantee
that any warrant holder will in fact exercise such warrants. As of March 31, 2015, there were 4,750,000 warrants exercisable at
$0.40 per share that if executed, will inject approximately $1.9 million into the Company; there are also 866,000 warrants exercisable
at $1.00 per share that if executed, will inject $866,000 into the Company.</P>

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

<P STYLE="margin: 0; text-align: justify">We believe MassRoots will require $2.5
million to sustain operations over the next fiscal year and that we will be able to raise those funds primarily through warrant
exercises.</P>

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

<P STYLE="margin: 0; text-align: justify">If we are unable to raise the funds
we will seek alternative financing through means such as borrowings from institutions or private individuals. There can be no
assurance that we will be able to raise the capital we need for our operations from the sale of our securities. We have not located
any sources for these funds and may not be able to do so in the future. We expect that we will seek additional financing in the
future. However, we may not be able to obtain additional capital or generate sufficient revenues to fund our operations. If we
are unsuccessful at raising sufficient funds, for whatever reason, to fund our operations, we may be forced to cease operations.
If we fail to raise funds we expect that we will be required to seek protection from creditors under applicable bankruptcy laws.</P>

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

<P STYLE="margin: 0; text-align: justify">Our independent registered public accounting
firm has expressed doubt about our ability to continue as a going concern and believes that our ability is dependent on our ability
to implement our business plan, raise capital and generate revenues. See Note 10 of our financial statements.</P>

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

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

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

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

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<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid"><B>Discussion as of June 30, 2015:</B></TD></TR>
</TABLE>


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

<P STYLE="margin: 0; text-align: justify">During the second quarter of 2015, MassRoots
expanded its userbase by 45%, from approximately 275,000 to 400,000 cannabis consumers. We believe MassRoots&#8217; userbase has
hit critical mass during the second quarter of 2015. Our growth was primarily driven by MassRoots&#8217; increasing popularity
as one of the first national cannabis brands and word of mouth virility from our users. Based on our current projections, we expect
MassRoots to cross 1 million Users in late 2015 or early 2016.</P>

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

<P STYLE="margin: 0; text-align: justify">During June 2015, MassRoots generated 100
million &#8220;newsfeed impressions&#8221;, defined as a User viewing a post on MassRoots&#8217; local, global or buds feeds.</P>

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

<P STYLE="margin: 0; text-align: justify">We believe MassRoots has the largest social
following of any marijuana-related App. During the second quarter of 2015, MassRoots expanded its Instagram from 168,000 to 220,000
followers, its Twitter following from 86,000 to 102,000 followers, and its Facebook from 37,000 to 109,000 followers. In mid-June
2015, MassRoots became one of the first cannabis brands to be verified by Twitter. MassRoots&#8217; large social followings is
a major driver of new users, re-engaging existing users and allows us to broadcast our message beyond our current existing userbase.</P>

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

<P STYLE="margin: 0; text-align: justify"><I>Business Model and MassRoots for Business</I></P>

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

<P STYLE="margin: 0; text-align: justify">We launched MassRoots for Business in early
March 2015 as a free online portal for dispensaries to schedule posts, view analytics and gain insights into their followers.
Over 1,000 cannabis businesses were utilizing MassRoots for Business as of June 30, 2015, including 46% of the dispensaries in
Colorado and 85% of dispensary chains with more than four stores.</P>

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


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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #9BBB59">
    <TD COLSPAN="3" STYLE="border-top: white 1pt solid; border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: white 3pt solid; padding: 0.05in 0.1in; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>MassRoots for Business &ndash; Expected Premium Business Memberships</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(Rollout Planned in Q3 2015)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #9BBB59">
    <TD STYLE="width: 18%; border-left: white 1pt solid; padding: 0.05in 0.1in; border-bottom: white 3pt solid; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Premium Upgrade</B></FONT></TD>
    <TD STYLE="width: 21%; border-bottom: white 3pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Cost (Estimated)</B></FONT></TD>
    <TD STYLE="width: 61%; border-bottom: white 3pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Benefits</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #DEE7D1">
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding: 0.05in 0.1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Premium Profiles</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$49/Month</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.4pt; text-align: justify; text-indent: -0.25in">&bull; MassRoots
        Verified Badge</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.4pt; text-align: justify; text-indent: -0.25in">&bull; Enhanced
        Profile Access</P></TD></TR>
<TR STYLE="vertical-align: top; background-color: #EFF3EA">
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding: 0.05in 0.1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Data Access</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$149/Month</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.4pt; text-align: justify; text-indent: -0.25in">&bull; Detailed
        Geo-Based Analytics</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.4pt; text-align: justify; text-indent: -0.25in">&bull; Area
        Activity Heat Maps</P></TD></TR>
<TR STYLE="vertical-align: top; background-color: #DEE7D1">
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding: 0.05in 0.1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Market Insights</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$349/Month</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.4pt; text-align: justify; text-indent: -0.25in">&bull; Insight
        on Trending Strains, Products, Services, and Hashtags</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.4pt; text-align: justify; text-indent: -0.25in">&bull; Area
        Reach and Exposure Data</P></TD></TR>
<TR STYLE="vertical-align: top; background-color: #EAF1DD">
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding: 0.05in 0.1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Sponsored Posts</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$20/CPM</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in 0.05in 16.4pt; border-right: white 1pt solid; text-align: justify; text-indent: -0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull; Targeted, Enhanced Exposure Posts</FONT></TD></TR>
</TABLE>


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

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

<P STYLE="margin: 0; text-align: justify">During the third quarter of 2015, we expect
to begin to extend MassRoots for Business&#8217; functionality to allow dispensaries and cannabis-related businesses to upgrade
to premium business profiles, access market data, and to gain premium placement in search results for a monthly fee, as outlined
above. Additionally, we plan to allow businesses to sponsor posts in users&#8217; newsfeeds, similar to Facebook and Twitter,
and expect to be able to charge roughly $20 per thousand impressions for targeted sponsored posts.</P>

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

<P STYLE="margin: 0; text-align: justify">We are not re-creating the wheel with our
revenue model: this is already the model WeedMaps and Leafly have used to generate $25 million in annual revenue and $1 million
estimated per month revenue, respectively, from cannabis-related technology businesses. As more fully explained in the &#8220;<I>Competition</I>,&#8221;
section below, we believe that a social network offers a superior value proposition than a strain guide and dispensary locator,
as social networks have greater recurring usage.</P>

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

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

<P STYLE="margin: 0; text-align: justify">We expect to begin to generate and continue
to grow revenues throughout the remainder of the year. Our current monthly burn on Company operations is approximately $250,000
and will not need to significantly scale as we start generating revenue &#8211;the main cost of generating revenue is the development
of our self-service business portal, which we have been devoting resources to for several months. The system is designed in such
a way that clients can set-up, manage and analyze their own campaigns and have access to certain data based on their subscription;
the fulfillment of these services is automated in the backend of MassRoots, requiring little marginal manpower as we add additional
clients.</P>

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

<P STYLE="margin: 0; text-align: justify">Our intention is to prove MassRoots&#8217;
business model in 2015 and 2016 while the cannabis industry is still relatively small &#8211; of the 23 states with medical cannabis
laws, only 4 states have active dispensary systems with wide enough set of conditions to allow a significant portion of the population
to purchase cannabis (Colorado, California, Arizona and Washington). We believe the vast majority of the revenue we generate in
2015 and 2016 will come from businesses in these states. The 2016 election cycle has the potential to drastically expand the regulated
cannabis market &#8211; at least 7 states are expected to have some form of cannabis legalization on the ballot that could cause
the cannabis industry to grow to $10.2 billion if these initiatives become law, according to ArcView Market Research.</P>

<P STYLE="margin: 0; text-align: justify"><BR>
MassRoots&#8217; business model is designed to scale as marijuana legalization continues to spread: every state that legalizes
the medicinal or adult-use of cannabis expands the number of licensed businesses in the industry, increasing our potential revenue.</P>

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

<P STYLE="margin: 0; text-align: justify"><I>On Competitive Advantage and Network Effects</I></P>

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

<P STYLE="margin: 0; text-align: justify">We believe network effects serve as the most
powerful form of competitive advantage for all consumer-facing social networks, including MassRoots. Once a person and their friends
join a social network, it is unlikely they switch their active usage to another social network in the same category. In 2011,
Google+ launched to much fanfare as the, &#8220;Facebook Killer,&#8221; with the resources of Google at its disposal: billions
of dollars in launch and advertising costs, immediate integration with the largest search engine in the world, and the use of
the Google brand. However, it failed to gain traction because Facebook already dominated desktop-based social networking.</P>

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

<P STYLE="margin: 0; text-align: justify">Similarly, Facebook launched Poke in 2013
to take out Snapchat. Poke had much more functionality and worked better than Snapchat, it was immediately pushed to millions
of Facebook users and it had the backing of Facebook&#8217;s billions of dollars in assets at its disposal. However, even this
failed to make a dent in Snapchat&#8217;s market share and Poke was scrapped shortly after.</P>

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

<P STYLE="margin: 0; text-align: justify">We believe MassRoots&#8217; userbase is at
the size at which it will be extremely difficult for any potential competitor to enter the social networking for cannabis consumers
space, a market that MassRoots created. When Apple banned all social cannabis applications from the App Store last fall, it was
MassRoots&#8217; userbase and network that successfully fought to have the policy overturned.</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;<IMG SRC="image_003.jpg" ALT="http:||www.sec.gov|Archives|edgar|data|1589149|000072174815000549|image_007.jpg" STYLE="height: 386px; width: 297px"></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><I>  Examples of the current user interface
of our iOS application.</I><BR>
<BR>
</P>

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

<P STYLE="margin: 0; text-align: justify">During the second quarter of 2015, MassRoots
introduced a new user-interface aimed at expanding its appeal beyond the &#8220;stoner&#8221; demographic into a more mainstream
audience. We also introduced new Discover page interface, allowing users to more easily find the best content, connect with top
influencers and find trending topics and strains.</P>

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

<P STYLE="margin: 0; text-align: justify">Over the coming months, MassRoots plans to
introduce premium business profiles, new user discovery features aimed at the &#8220;Cannabis Relationship&#8221; market, sponsored
posts, and a revised business portal to implement the feedback we received from businesses during beta testing. Additionally,
we are reviewing the implementation of a new web interface aimed at opening up MassRoots&#8217; content to search engines, which
we believe could draw hundreds of thousands of unique visitors per month, accelerating our user growth and adverting inventory.</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">MassRoots&#8217; primary objective during
2015 is rapidly expanding its market share of consumers and businesses in the cannabis industry. As of June 30, 2015, MassRoots
had 400,000 users of an estimated 10 million Americans who consume cannabis on a regular basis and actively engage on social media,
which we have defined as our target market. We have approximately 1,000 of the estimated 15,000 cannabis-related businesses in
America actively posting on a weekly basis on our network, including approximately 46% of the dispensaries in Colorado.</P>

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

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

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<P STYLE="margin: 0; text-align: justify"><I>420 Rally</I></P>

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

<P STYLE="margin: 0; text-align: justify">On April 17 and 18, 2015, MassRoots was the
national sponsor of the 420 Rally in Civic Center Park in Denver, CO a free music and cultural festival that drew an estimated
125,000 cannabis enthusiasts according to the Denver Post. MassRoots was the official social media application of the event, had
the largest on-site presence, and our logo was included on all event collateral. CNN broadcast live from our tent on April 18.
In order to discourage smoking and driving, MassRoots partnered with Uber to provide a free ride up to $20 for first time riders.</P>

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

<P STYLE="margin: 0; text-align: justify">The 420 Rally primarily attracts local Denver
residents, as opposed to tourists. Denver-based dispensaries and cannabis brands are primarily interested in advertising to locals,
as they have the potential to become recurring customers. MassRoots' sponsorship of the 420 Rally significantly increased app
usage and awareness of our brand in the Denver metro area among both cannabis consumers and dispensaries.</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><IMG SRC="image_004.jpg" ALT="http:||www.sec.gov|Archives|edgar|data|1589149|000072174815000549|image_004.jpg" STYLE="height: 516px; width: 508px"></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><I>  Our proposed partnership plan
with Flowhub (as defined below). </I></P>

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

<P STYLE="margin: 0; text-align: justify">During the second quarter of 2015, MassRoots
invested $175,000 in exchange for preferred shares of Flowhub LLC (&#8220;Flowhub&#8221;), a seed-to-sale system, equal to 8.95%
of the outstanding equity of Flowhub. MassRoots and Flowhub are finalizing a partnership that will combine the data from cannabis
grow operations, point-of-sale systems and the MassRoots social network in one platform, data that we believe will allow cannabis
dispensaries and growers to streamline operations and monitor consumer trends, potentially increasing profits. MassRoots and Flowhub
are working to partially combine their systems, giving MassRoots' users access to live pricing, inventory, and an order ahead
system of dispensaries. At the same time, Flowhub will be streamlining dispensaries' operations and enabling them to target ads
to specific customers based on purchasing patterns and social activity. No assurance can be given that MassRoots and Flowhub will
consummate a partnership or, if such a partnership is in fact consummated, that the terms and conditions will be favorable to
MassRoots.</P>

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

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

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

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

<P STYLE="margin: 0; text-align: justify">We do not believe we face any significant
competition in the social network for the cannabis community niche; however, over the coming months, we expect to actively compete
with dispensary locators and strain guides, such as WeedMaps and Leafly, for dispensaries' advertising budgets.</P>

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

<P STYLE="margin: 0; text-align: justify">Over the coming months, MassRoots plans to
implement many of the utilities WeedMaps and Leafly offer as added-in features of our community. We believe that while you can
replicate a map and duplicate a strain database, you cannot replicate relationships and you cannot duplicate a community. As with
any social application, recurring engagement and network effects are MassRoots' primary competitive advantage.</P>

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

<P STYLE="margin: 0; text-align: justify">Over the coming months, MassRoots plans to
develop, partner with, or acquire the leading software solutions for consumers, businesses and developers in the cannabis industry.</P>

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

<P STYLE="margin: 0; text-align: justify"><B>Results of Operations</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">&nbsp;</TD>
    <TD COLSPAN="15" STYLE="font-weight: bold; text-align: center">For the Three - Months Ended</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: justify">June 30, 2015</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: justify">June 30, 2014</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">
    <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">(Unaudited)</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">(Unaudited)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: justify; border-bottom: Black 1pt solid">$ Change</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: justify; border-bottom: Black 1pt solid">% Change</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></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 40%; text-align: justify; padding-left: 0.75pt">Gross profit</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">2,126</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">744</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">1,382</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">185.8</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.75pt">&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><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: justify; padding-left: 0.75pt">General and administrative expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,493,131</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">301,877</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,191,254</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">394.6</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.75pt">&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><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: justify; padding-left: 0.75pt">Loss from operations</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,491,005</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(301,133</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,189,872</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">395.1</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.75pt">&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><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: justify; padding-left: 0.75pt">Other Income (Expense)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(26,292</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(16,418</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(9,874</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">60.1</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.75pt">&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><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: justify; padding-left: 0.75pt">Net Loss</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,517,297</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(317,551</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,199,746</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">377.8</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.75pt">&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><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: justify; padding-left: 0.75pt">Net loss per share - basic and diluted</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(0.03</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">N/A</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">N/A</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">N/A</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<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 STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="15" STYLE="font-weight: bold; text-align: center">For the Six - Months Ended</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">June 30, 2015</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">June 30, 2014</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">
    <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">(Unaudited)</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">(Unaudited)</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">$ Change</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">% Change</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></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 40%; text-align: justify; padding-left: 0.75pt">Gross profit</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">3,066</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">1,049</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">2,017</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">192.3</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.75pt">&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><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: justify; padding-left: 0.75pt">General and administrative expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,058,883</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">983,384</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,075,499</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">109.4</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.75pt">&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><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: justify; padding-left: 0.75pt">Loss from operations</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,055,817</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(982,335</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,073,482</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">109.3</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.75pt">&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><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: justify; padding-left: 0.75pt">Other Income (Expense)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(11,991</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(17,681</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,690</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-32.2</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.75pt">&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><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: justify; padding-left: 0.75pt">Net Loss</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,067,808</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,000,016</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,067,792</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">106.8</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.75pt">&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><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: justify; padding-left: 0.75pt">Net loss per share - basic and diluted</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(0.05</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">N/A</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">N/A</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">N/A</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"><I>Revenues</I></P>

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

<P STYLE="margin: 0; text-align: justify">Since inception on April 24, 2013, our business
operations have been primarily focused developing our mobile applications, websites and increasing our user base.</P>

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

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

<P STYLE="margin: 0; text-align: justify">We have generated only minimal revenues from
our operations thus far. We cannot guarantee we will be successful in our business operations. Our business is subject to risks
inherent in the establishment of a new business enterprise, including the financial risks associated with the limited capital
resources currently available to us for the implementation of our business strategies.</P>

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

<P STYLE="margin: 0; text-align: justify">For the three months ended June 30, 2015 and
June 30, 2014, we generated revenues of $2,126 and $744, respectively, while revenues for the six months ended June 30, 2015 and
June 30, 2014 were $3,066 and $1,739, respectively. These revenues were primarily from merchandise purchased through Store.MassRoots.com.</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">For the three months ended June 30, 2015 and
June 30, 2014, our operating expenses were $1,493,131 and $301,877 respectively. This $1,191,254 increase is attributed mainly
to an increase of $531,554 in equity issuances for services, an increase of $305,358 in payroll as the company brought on additional
developers to accelerate its product pipeline, a $158,404 increase in advertising which was primarily driven by the costs of sponsoring
the 420 Rally and attending conferences, In addition, we experienced an increase of $208,331 in travel, accounting and consulting
and other general administrative expenses primarily related to non-deal roadshows, investor conferences, and other expenses related
to creating a market for our common stock.</P>

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

<P STYLE="margin: 0; text-align: justify">For the six months ended June 30, 2015 and
June 30, 2014, our operating expenses were $2,058,883 and $983,384 respectively. This $1,075,499 increase is attributed mainly
to $140,509 in equity issuances for services, an increase of $453,380 in payroll as the company brought on additional developers
to accelerate its product pipeline, a $182,189 increase in advertising which was primarily driven by the costs of sponsoring the
420 Rally and attending conferences. In addition, we experienced an increase of $278,303 in travel, accounting and consulting
and other general administrative expenses related to non-deal roadshows, investor conferences, and other expenses related to creating
a market for our common stock.</P>

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

<P STYLE="margin: 0; text-align: justify">Several of the expenses made during the six
months ended June 30, 2015 were one-time expenses: a $30,000 deposit for our office, $25,000 in DTC Application and OTCQB certification
fees, roughly $75,000 in costs related to the 420 Rally, $35,000 in new office equipment and computers for our development team,
and a $175,000 investment in Flowhub. We determined these investments were necessary to expand MassRoots&#8217; functionality,
recruit the best technical talent, and capture the local Denver market.</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">For the three months ended June 30, 2015 and
June 30, 2014, the Company realized no gain or loss related to the fair value mark to market adjustments of its derivative liabilities.
For the six months ended June 30, 2015 and June 30, 2014 the company realized a gain related to the fair value of mark to market
adjustments of its derivative liabilities of $42,737 and $0, respectively. These derivative liabilities were determined as of
December 31, 2014. For the six months ended June 30, 2015 and June 30, 2014 the company recorded amortization of discount on notes
payable of $50,347 and $17,681, respectively. Interest expense related to the derivatives was $2,091 and $0 for the three months
ended June 30, 2015 and June 30, 2014, respectively, while incurring interest expense related to derivatives for $4,381 and $0
for the six months ended June 30, 2015 and June 30, 2014, respectively.</P>

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

<P STYLE="margin: 0; text-align: justify">For the three months ended June 30, 2015 and
June 30, 2014, we had net losses of $1,517,297 and $317,551, respectively. For the six months ended June 30, 2015 and June 30,
2014 - we had losses of $2,067,808 and $1,000,016, respectively.</P>

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

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

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

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

<P STYLE="margin: 0; text-align: justify">For the six months ended June 30, 2015 and
2014, our cash flows were:</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 STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center">Six months ended</TD></TR>
<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">June 30,</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">2015</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">2014</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">(Unaudited)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 56%; text-align: left; padding-left: 5.4pt">Net cash provided by operating activities</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">(1,352,043</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">(416,098</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 cash used in investing activities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(213,158</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(6,512</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 cash provided by financing activities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,594,636</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">475,000</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">Net cash used in operations during the six
months ended June 30, 2015 and June 30, 2014 was $1,352,043 and $416,098, respectively.&nbsp;For the six months ended June 30,
2015,&nbsp;net cash used of $1,352,043 was attributed to loss for the six month period, which was offset by increases from equity
issuances for services as well as an increase in derivative liabilities and also increase in accounts payable. For the six months
ended June 30, 2014, net cash used of $416,098 was attributed mainly to the loss for the period, offset by equity issuances for
services rendered.</P>

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

<P STYLE="margin: 0; text-align: justify">Net cash used in investing activities was
$213,158 and $6,512 for the six months ended June 30, 2015 and June 30, 2014, respectively. The increase was primarily related
to our $175,000 investment in Flowhub, a seed-to-sale system.</P>

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

<P STYLE="margin: 0; text-align: justify">Net cash provided by financing activities&nbsp;for
the six months ended June 30, 2015 and June 30, 2014 was $1,594,636 and $475,000, respectively.&nbsp;These amounts were attributed
to equity issuances throughout the&nbsp;periods.&nbsp;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our current cash on hand as of June 30, 2015
was $171,363, which will be used to meet our operational expenditures for one month. Subsequent to the close of the quarter, we
closed our private offering and received $75,000 that was booked as subscription receivable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We currently have no external sources of liquidity
such as arrangements with credit institutions or off-balance sheet arrangements that will have or are reasonably likely to have
a current or future effect on our financial condition or immediate access to capital.</P>

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

<P STYLE="margin: 0; text-align: justify">We are dependent on the sale of our securities
to fund our operations, and will remain so until we generate sufficient revenues to pay for our operating costs. Our officers
and directors have made no written commitments with respect to providing a source of liquidity in the form of cash advances, loans
and/or financial guarantees.</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">During the second quarter of 2015, MassRoots
conducted two private placements of its common stock. Beginning on April 1, 2015, MassRoots completed a private placement of 960,933
shares of unregistered common stock gross proceeds of $576,200 to certain accredited investors. This round was closed on April
17, 2015.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Beginning on June 10, 2015, MassRoots sold
606,669 shares of unregistered common stock for gross proceeds of $455,000, of which $380,000 was received by June 30, 2015. Subsequent
to the close of the quarter, MassRoots sold an additional 834,004 shares of unregistered common stock for $610,502. This round
was closed on July 13, 2015. As of July 21, 2015, all $1,065,502 had been received.</P>

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

<P STYLE="margin: 0; text-align: justify">Over the course of the second quarter, 750,000
of warrants previously issued as part of our offering in March 2014 were exercised at an exercise price of $0.40 for proceeds
of $300,000, of which $295,000 was received during the second quarter of 2015 and the remaining $5,000 was received during the
third quarter. We also received $936 for the exercise of 936,341 of our par warrants.</P>

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

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

<P STYLE="margin: 0; text-align: justify"><I>Required Capital Over the Next Fiscal Year</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We believe MassRoots will need to raise an
additional $1.5 million over the next fiscal year to sustain operations; however, we expect to be able to raise the majority of
these funds through warrant exercises. As of June 30, 2015, there were 4,000,000 warrants exercisable at $0.40 per share that
if exercised, will generate approximately $1.6 million of capital for the Company; there are also 866,000 warrants exercisable
at $1.00 per share that if exercised, will generate $866,000 of capital the Company.</P>

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

<P STYLE="margin: 0; text-align: justify">If we are unable to raise the funds we will
seek alternative financing through means such as borrowings from institutions or private individuals. There can be no assurance
that we will be able to raise the capital we need for our operations from the sale of our securities. We have not located any
sources for these funds and may not be able to do so in the future. We expect that we will seek additional financing in the future.
However, we may not be able to obtain additional capital or generate sufficient revenues to fund our operations. If we are unsuccessful
at raising sufficient funds, for whatever reason, to fund our operations, we may be forced to cease operations. If we fail to
raise funds we expect that we will be required to seek protection from creditors under applicable bankruptcy laws.</P>

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

<P STYLE="margin: 0; text-align: justify">Our independent registered public accounting
firm has expressed doubt about our ability to continue as a going concern and believes that our ability is dependent on our ability
to implement our business plan, raise capital and generate revenues. See Note 10 of our unaudited financial statements.</P>

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

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

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

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

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

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

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

<P STYLE="margin-top: 0pt; margin-bottom: 0; text-align: center; font-weight: bold"><A NAME="a_019"></A>DECEMBER 31, 2014</P>

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif; border-top: Black 1pt double; border-bottom: Black 1pt double">
<TR STYLE="text-align: center; font-weight: bold; vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">Page</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255); font-weight: bold">
    <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></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 70%; text-align: left">REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</TD><TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 18%; text-align: right">70</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">BALANCE SHEETS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">71</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>STATEMENTS OF OPERATIONS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">72</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">STATEMENTS OF STOCKHOLDERS&rsquo; EQUITY</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">73</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">STATEMENTS OF CASH FLOWS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">74</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">NOTES TO THE FINANCIAL STATEMENTS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">75</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>



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



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


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<P STYLE="margin-top: 0pt; margin-bottom: 0; text-align: center"><IMG SRC="image_014.jpg" ALT="" STYLE="height: 126; width: 600"></P>

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

<P STYLE="margin: 0pt 0 0; text-align: justify">REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</P>

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

<P STYLE="margin: 0pt 0 0; text-align: justify">The Board of Directors and Shareholders of</P>

<P STYLE="margin: 0pt 0 0; text-align: justify">Massroots, Inc.</P>

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

<P STYLE="margin: 0pt 0 0; text-align: justify">We have audited the accompanying balance sheets of Massroots,
Inc. (the &#8220;Company&#8221;) as of December 31, 2014 and 2013, and the related statements of operations, stockholders&#8217;
equity (deficit) and cash flows for the year ended December 31, 2014 and for the period from inception (April 24, 2013) through
December 31, 2013. These financial statements are the responsibility of the Company&#8217;s management. Our responsibility is
to express an opinion on these financial statements based on our audits.</P>

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

<P STYLE="margin: 0pt 0 0; text-align: justify">We conducted our audits 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 audits 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 consolidated 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 audits provide a reasonable basis for
our opinion.</P>

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

<P STYLE="margin: 0pt 0 0; text-align: justify">In our opinion, the financial statements referred to above
present fairly, in all material respects, the financial position of the Company as of December 31, 2014 and 2013, and the results
of its operations, changes in stockholders&#8217; equity (Deficit) and cash flows for the period for the year ended December 31,
2014 and for the period from inception (April 24, 2013) through December 31, 2013 in conformity with accounting principles generally
accepted in the United States of America.</P>

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

<P STYLE="margin: 0pt 0 0; text-align: justify">The accompanying financial statements have been prepared
assuming that the Company will continue as a going concern. As discussed in Note 9 to the financial statements, the Company has
a net loss, a stockholders&#8217; deficit and negative cash flows from operations, 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 9. The financial statements
do not include any adjustments that might result from the outcome of this uncertainty.</P>

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

<P STYLE="margin: 0pt 0 0; text-align: justify">/s/&nbsp;Bongiovanni &amp; Associates, PA</P>

<P STYLE="margin: 0pt 0 0; text-align: justify">Bongiovanni &amp; Associates, PA</P>

<P STYLE="margin: 0pt 0 0; text-align: justify">N.K.A. L&amp;L CPsS, PA</P>

<P STYLE="margin: 0pt 0 0; text-align: justify">Certified Public Accountants</P>

<P STYLE="margin: 0pt 0 0; text-align: justify">Plantation, Florida</P>

<P STYLE="margin: 0pt 0 0; text-align: justify">The United States of America</P>

<P STYLE="margin: 0pt 0 0; text-align: justify">March 31, 2015</P>

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

<P STYLE="margin-top: 0pt; margin-bottom: 0; text-align: center"><IMG SRC="image_015.jpg" ALT="" STYLE="height: 47; width: 600">&nbsp;</P>


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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; font-weight: bold">
    <TD COLSPAN="9" STYLE="text-align: center; border-bottom: Black 2.5pt double">MASSROOTS, INC. <BR>BALANCE SHEETS <BR>AS OF DECEMBER 31, 2014 AND DECEMBER 31, 2013</TD></TR>
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>December 31,</B><BR> <B>2014</B></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>December 31,</B><BR> <B>2013</B></P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.15in; padding-left: 0.15in">ASSETS</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-indent: -0.15in; padding-left: 0.15in">&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; text-indent: -0.15in; padding-left: 0.15in">CURRENT ASSETS</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: 72%; text-indent: -0.15in; padding-left: 0.3in">Cash</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">141,928</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">80,479</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; text-indent: -0.15in; padding-left: 0.3in">Other receivables</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,201</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; padding-bottom: 1pt; text-indent: -0.15in; padding-left: 0.3in">Prepaid 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">130,797</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">800</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; text-indent: -0.15in; padding-left: 0.45in">TOTAL CURRENT ASSETS</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">283,926</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">81,279</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.15in; padding-left: 0.15in">&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; text-indent: -0.15in; padding-left: 0.15in">FIXED ASSETS</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; text-indent: -0.15in; padding-left: 0.3in">Computer and office equipment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,189</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,522</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; text-indent: -0.15in; padding-left: 0.3in">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">(2,027</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">(228</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: 1pt; text-indent: -0.15in; padding-left: 0.45in">NET FIXED ASSETS</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">14,162</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">1,294</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-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: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">OTHER LONG-TERM ASSETS</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-indent: -0.15in; padding-left: 0.3in">Deposits</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,550</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; padding-bottom: 1pt; text-indent: -0.15in; padding-left: 0.3in">Prepaid 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">65,891</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">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.75pt">Total Other Long-Term Assets</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">68,841</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">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.15in; padding-left: 0.15in">&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; padding-left: 5.75pt">TOTAL ASSETS</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">366,528</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">82,573</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.15in; padding-left: 0.15in">&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; text-indent: -0.15in; padding-left: 0.15in">LIABILITIES AND STOCKHOLDERS' EQUITY</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-indent: -0.15in; padding-left: 0.15in">&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; text-indent: -0.15in; padding-left: 0.15in">CURRENT 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: White">
    <TD STYLE="text-align: left; padding-left: 0.15in">Accounts Payable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25,842</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: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.15in">Accrued expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,917</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; padding-left: 0.15in">Accrued payroll tax</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,778</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,846</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: 5.75pt">Derivative liabilities</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">1,099,707</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">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.75pt">TOTAL CURRENT LIABILITIES</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">1,151,244</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">1,846</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-indent: -0.15in; padding-left: 0.15in">&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="padding-left: 5.75pt">LONG-TERM LIABILITY</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: 0.15in">Convertible debentures, net of $107,016 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">162,084</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">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.3in">TOTAL LIABILITIES</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">1,313,328</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">1,846</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-indent: -0.15in; padding-left: 0.15in">&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; text-indent: -0.15in; padding-left: 0.15in">STOCKHOLDERS' EQUITY</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: 0.15in">Preferred series A Stock, $1 par value, 21 shares authorized; 0 shares issued and outstanding</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; padding-left: 0.15in">Common stock, $0.001 par value, 200,000,000 shares authorized; 38,909,000 and 0 shares issued and outstanding</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">38,909</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: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.15in">Common stock to be issued</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,048</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13,890</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.15in">Additional paid in capital</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,372,867</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">985,960</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: 5.75pt">Retained 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">(3,359,623</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">(919,123</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: 1pt; padding-left: 0.15in">TOTAL STOCKHOLDERS' EQUITY (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">(946,799</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">80,727</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-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: White">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 5.75pt">TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)</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">366,528</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">82,573</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="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: White">
    <TD COLSPAN="9" STYLE="text-align: center">The accompanying notes are an integral part of these financial statements.</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; font-weight: bold">
    <TD COLSPAN="9" STYLE="text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>MASSROOTS, INC.</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>STATEMENTS OF OPERATIONS</B></P></TD></TR>
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FOR THE YEAR ENDED</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DECEMBER 31, 2014</B></P></TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">FOR THE PERIOD FROM INCEPTION (APRIL 24, 2013) THROUGH DECEMBER 31, 2013</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 56%; text-align: left; text-indent: -0.15in; padding-left: 0.15in">ADVERTISING REVENUE</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 18%; text-align: right">9,030</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 18%; text-align: right">470</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-indent: -0.15in; padding-left: 0.15in">&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: 1pt; padding-left: 5.75pt">COST OF GOODS SOLD</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">(690</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">0</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-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: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.75pt">GROSS PROFIT</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">8,340</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">470</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-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: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">GENERAL AND ADMINISTRATIVE EXPENSES:</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-left: 5.75pt">Depreciation</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,799</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">228</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Independent contractor expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">182,198</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">33,863</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: 5.75pt">Legal expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">179,504</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,675</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Payroll and related expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">262,653</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28,503</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; text-indent: -0.15in; padding-left: 20pt">Preferred stock issued for services</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">24,998</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Common stock issued for services</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">30,658</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">195,412</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: 5.75pt">Options issued for services</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59,473</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">612,387</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Warrants issued for services</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">555,598</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: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.75pt">Other 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">343,680</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">19,527</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: 5.75pt">Total 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">1,615,563</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">919,593</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-indent: -0.15in; padding-left: 0.15in">&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: 1pt; padding-left: 5.75pt">(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">(1,607,223</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">(919,123</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-indent: -0.15in; padding-left: 0.15in">&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; text-indent: -0.15in; padding-left: 0.15in">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: 5.75pt">Change in derivative liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(753,240</TD><TD STYLE="text-align: left">)</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; padding-left: 5.75pt">Interest income</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: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Interest expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(8,316</TD><TD STYLE="text-align: left">)</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; padding-left: 5.75pt">Amortization of discount on convertible debentures</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(67,363</TD><TD STYLE="text-align: left">)</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: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.75pt">Total 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">828,919</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">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.15in; padding-left: 0.15in">&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: 5.75pt">INCOME (LOSS) BEFORE INCOME TAXES</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">(2,436,142</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">(919,123</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.15in; padding-left: 0.15in">&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; text-indent: -0.15in; padding-left: 0.15in">PROVISION FOR INCOME TAXES</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="text-indent: -0.15in; padding-left: 0.15in">&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; padding-left: 5.75pt">NET (LOSS)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(2,436,142</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(919,123</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <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; padding-bottom: 2.5pt; padding-left: 5.75pt">Basic and fully diluted net income (loss) per common share:</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">(0.17</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="text-align: right; border-bottom: Black 2.5pt double; vertical-align: bottom"><P STYLE="margin: 0pt 0 0">N/A</P></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <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="padding-bottom: 2.5pt; padding-left: 5.75pt">Weighted average common shares outstanding</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">14,375,222</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; vertical-align: bottom"><P STYLE="margin: 0pt 0 0">N/A</P></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.15in; padding-left: 0.15in">&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 COLSPAN="9" STYLE="text-align: center">The accompanying notes are an integral part of these financial statements.</TD></TR>
</TABLE>

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


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

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0; text-align: center; font-weight: bold; font-size: 9pt">MASSROOTS, INC.</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0; text-align: center; font-weight: bold; font-size: 9pt">STATEMENT OF STOCKHOLDERS' DEFICIT</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0; text-align: center; font-weight: bold; font-size: 9pt">FOR THE PERIOD FROM INCEPTION
(APRIL 24, 2013) THROUGH DECEMBER 31, 2014</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0; text-align: center; font-weight: bold; font-size: 9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New (W1); margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 8pt Times New Roman, Times, Serif">
<TR STYLE="text-align: center; font-weight: bold; vertical-align: bottom; font-size: 8pt">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="7">Preferred Stock</TD><TD>&nbsp;</TD>
    <TD COLSPAN="7">Common Stock</TD><TD>&nbsp;</TD>
    <TD COLSPAN="7">Preferred Stock to be issued</TD><TD>&nbsp;</TD>
    <TD COLSPAN="7">Common Stock to be Issued</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">Additional Paid-in capital</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">Retained Deficit</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3"><P STYLE="margin-top: 0; margin-bottom: 0">Total</P>
                    <P STYLE="margin-top: 0; margin-bottom: 0">stockholders&rsquo; equity (deficit)</P></TD></TR>
<TR STYLE="text-align: center; font-weight: bold; vertical-align: bottom; font-size: 8pt">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">Shares</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">Amount</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">Shares</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">Amount</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">Shares</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">Amount</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">Shares</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">Amount</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt">Balances as of April 24, 2013</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">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</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">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</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">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</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">$</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="width: 34%; text-align: left">Preferred stock issued for cash</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%; text-align: right">&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%; text-align: right">18</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%; text-align: right">18</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%; text-align: right">149,982</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%; text-align: right">150,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Preferred stock issued for services</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</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3</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">24,995</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">24,998</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">Retroactive adjustment for subsequent conversion</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">(21</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(21</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,273,052</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,273</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6,252</TD><TD STYLE="text-align: left">)</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">&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">Common stock issued for repayment of short term borrowing and services</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">&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">7,616,625</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,617</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">204,848</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">212,465</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">Option issued for services</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">&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">612,387</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">612,387</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt">Net Less for the period ended December 31, 2013</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">&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">(919,123</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">(919,123</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">Balances as of December 31, 2013</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">&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">&nbsp;</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">&nbsp;</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">&nbsp;</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">&nbsp;</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">&nbsp;</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">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">13,889,677</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">13,890</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">985,960</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">(919,123</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">80,727</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">Accrued dividend on preferred stock</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><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">(4,358</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4,358</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Conversion of dividend into common stock</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">156,293</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">156</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">4,202</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">4,358</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Exercise of options</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">21,954,030</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21,954</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">(21,882</TD><TD STYLE="text-align: left">)</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">72</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">Intrinsic value from beneficial conversion feature</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><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">87,189</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">87,189</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Common stock issued for cash</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">2,059,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,059</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">1,048,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,048</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">467,515</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">470,622</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">Common stock issued for services</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">850,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">850</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">84,150</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">85,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Issuance of Common Stock</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">13,889,677</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13,890</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">(13,889,677</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(13,890</TD><TD STYLE="text-align: left">)</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">&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">options issued for services</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><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">201,818</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">201,818</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Issuance of warrants for services</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><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">555,598</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">555,598</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">Imputed 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">&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><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><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">8,316</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">8,316</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">Accumulated 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">&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><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><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><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">(2,436,142</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">(2,436,142</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">Balances as of December 31, 2014</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">&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">&nbsp;</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">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">38,909,000</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">38,909</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">&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">&nbsp;</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">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">1,048,000</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">1,048</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">2,372,867</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">(3,359,623</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">(946,799</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New (W1); margin: 0"></P>




<P STYLE="font: 10pt Times New (W1); margin: 0"></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0; text-align: center; font-weight: bold; font-size: 9pt">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0; text-align: center; font-size: 9pt">The report on the
    financial statements and accompanying notes are an integral part of these financial statements.</P>


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<P STYLE="margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; font-weight: bold; font-size: 9pt">
    <TD COLSPAN="9" STYLE="text-align: center">MASSROOTS, INC. <BR>STATEMENT OF CASHFLOWS <BR>FOR THE YEAR ENDED DECEMBER 31, 2014 AND FROM INCEPTION (APRIL 24, 2013) <BR>THROUGH DECEMBER 31, 2013</TD></TR>
<TR STYLE="vertical-align: bottom; font-weight: bold; font-size: 9pt">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">FOR THE</P>
                                                                               <P STYLE="margin-top: 0; margin-bottom: 0">YEAR ENDED DECEMBER 31, 2014</P></TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">FOR THE PERIOD FROM INCEPTION (APRIL 24, 2013) THROUGH DECEMBER 31, 2013</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255); font-weight: bold">
    <TD STYLE="text-align: left; text-indent: -0.15in; padding-left: 0.15in">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: White">
    <TD STYLE="width: 64%; text-align: left; text-indent: -0.15in; padding-left: 0.15in">Net (loss)</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD>
    <TD STYLE="width: 15%; text-align: right">(2,436,142</TD>
    <TD STYLE="width: 1%; text-align: left">)</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD>
    <TD STYLE="width: 15%; text-align: right">(919,123</TD>
    <TD STYLE="width: 1%; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">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="padding-left: 5.75pt">Depreciation</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">1,799</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">228</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; text-indent: -0.15in; padding-left: 20pt">Preferred stock issued for services</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">24,998</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.15in; padding-left: 20pt">Common stock issued for services</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">30,658</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">195,412</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: 5.75pt">Options issued for services</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">59,473</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">612,387</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Warrants issued for services</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">555,598</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-left: 5.75pt">Amortization of discount</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">67,363</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: 5.75pt">Imputed Interest expense</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">8,316</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: 5.75pt">Change in Derivative Liabilities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">753,240</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: 5.75pt">Changes in operating assets and liabilities</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: 5.75pt">Other receivables</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">(11,201</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-left: 5.75pt">Prepaid expense</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">(800</TD>
    <TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 5.75pt">Deposit</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">(2,550</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-left: 5.75pt">Accounts payable and other liabilities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">50,557</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: 5.75pt">Accrued payroll tax</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">(68</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">1,846</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: 5.75pt">Net Cash (Used in) Operating Activities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">(922,956</TD>
    <TD STYLE="text-align: left">)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">(85,052</TD>
    <TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <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: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt; font-weight: bold">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: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.75pt">Payments for equipment</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">(14,667</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">(1,522</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: 5.75pt">Net Cash (Used in) Investing Activities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">(14,667</TD>
    <TD STYLE="text-align: left">)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">(1,522</TD>
    <TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <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: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt; font-weight: bold">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: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Issuance of preferred stock 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">150,000</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Issuance of convertible Debentures for cash</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">269,100</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></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Issuance of common stock for cash</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">729,900</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-left: 5.75pt">Proceeds from exercise of options</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">72</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: 5.75pt">Proceeds from short term borrowing - 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">17,053</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: 5.75pt">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">999,072</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">167,053</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-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: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">NET INCREASE IN CASH</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">61,449</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">80,479</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 5.75pt">&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: White">
    <TD STYLE="padding-left: 5.75pt">CASH AT BEGINNING OF PERIOD</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">80,479</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="padding-bottom: 1pt; padding-left: 5.75pt">&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="text-align: left; padding-bottom: 2.5pt; padding-left: 5.75pt">CASH AT END OF YEAR</TD>
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">141,928</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">80,479</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: 5.75pt">&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: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">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: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Repayment of short term borrowing - related party through issuance of preferred stock</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">17,053</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Common stock issued for services</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">54,342</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: 5.75pt">Options issued for services</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">142,345</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: 5.75pt">Preferred Stock dividend</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4,538</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: 5.75pt">Imputed Interest- apic</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">(8,316</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 COLSPAN="9" STYLE="text-align: center">The report on the financial statements and accompanying notes are an integral part of these financial statements.</TD></TR>
</TABLE>



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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">MassRoots, Inc.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Notes to Financial Statements</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">December 31, 2014 and 2013</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 1 <U>SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</U></P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">MassRoots, Inc. (the &#8220;Company&#8221;) is a social network
for the cannabis community. Through its mobile applications, systems and websites, MassRoots enables people to share their cannabis-related
content and for businesses to connect with those consumers. The Company was incorporated in the State of Delaware on April 24,
2013.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company&#8217;s primary focus during
fiscal year 2014 was increasing our userbase from under 20,000 users to over 200,000 and developing additional features to expand
the reach and utility of its network.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company has not focused on generating revenue to date. However,
the primary source of revenue generated to date is advertising from businesses, brands and non-profits. Its secondary source of
income is merchandise sales.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Basis of Presentation</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The financial statements include the accounts of MassRoots,
Inc. under the accrual basis of accounting.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Management&#8217;s Use of Estimates</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The preparation of financial statements in conformity with
accounting principles generally accepted in the United States of America requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of
revenues and expenses during the reporting periods. Actual results could differ from those estimates. The financial statements
above reflect all of the costs of doing business.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Deferred Taxes</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company accounts for income taxes under Section 740-10-30
of the FASB Accounting Standards Codification. Deferred income tax assets and liabilities are determined based upon differences
between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws
that will be in effect when 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 statements of operations in the period that includes the enactment date.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Cash and Cash Equivalents</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">For purposes of the Statement of Cash Flows, the Company
considers highly liquid investments with an original maturity of three months or less to be cash equivalents.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Revenue Recognition</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company applies paragraph 605-10-S99-1 of the FASB Accounting
Standards Codification for revenue recognition. The Company recognizes revenue when services are realized or realizable and earned
less estimated future doubtful accounts. The Company considers revenue realized or realizable and earned when all of the following
criteria are met:</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&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">(i)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">persuasive evidence of an arrangement exists,</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(ii)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the services have been rendered and all required milestones achieved,</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(iii)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the sales price is fixed or determinable, and</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(iv)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Collectability is reasonably assured.</TD>
</TR></TABLE>


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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">MassRoots primarily generates revenue by charging businesses
to advertise on the network. MassRoots has the ability to target advertisements directly to a clients&#8217; target audience,
based on their location, on their mobile devices. All advertising services take between a few hours to up to one month to complete,
unless otherwise noted.</P>

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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">MassRoots&#8217; secondary source of income is merchandise sales.
The objective with the sales is not to generate large profit margins, but to help offset the cost of marketing. Each t-shirt,
sticker and jar MassRoots sells will likely lead to more downloads and active users.</P>

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




<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Cost of Sales&nbsp;</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company&#8217;s policy is to recognize cost of sales
in the same manner in conjunction with revenue recognition, when the costs are incurred. Cost of sales includes the costs directly
attributable to revenue recognition. Selling, general and administrative expenses are charged to expense as incurred.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Comprehensive Income (Loss)</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company reports comprehensive income and its components
following guidance set forth by section 220-10 of the FASB Accounting Standards Codification which establishes standards for the
reporting and display of comprehensive income and its components in the financial statements. There were no items of comprehensive
income (loss) applicable to the Company during the periods covered in the financial statements.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Loss Per Share</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Net loss per common share is computed pursuant to section
260-10-45 of the FASB Accounting Standards Codification. Basic net loss per share is computed by dividing net loss by the weighted
average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net
loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Risk and Uncertainties </U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company is subject to risks common to companies in the
service industry, including, but not limited to, litigation, development of new technological innovations and dependence on key
personnel.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Convertible Debentures</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">If the conversion features of conventional convertible debt
provides for a rate of conversion that is below market value at issuance, this feature is characterized as a beneficial conversion
feature (&#8220;BCF&#8221;). A BCF is recorded by the Company as a debt discount pursuant to ASC Topic 470-20 &#8220;Debt with
Conversion and Other Options.&#8221; In those circumstances, the convertible debt is recorded net of the discount related to the
BCF, and the Company amortizes the discount to interest expense, over the life of the debt using the effective interest method.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Stock-Based Compensation</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company accounts for stock-based compensation using the
fair value method following the guidance set forth in section 718-10 of the FASB Accounting Standards Codification for disclosure
about Stock-Based Compensation. This section requires a public entity to measure the cost of employee services received in exchange
for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). That cost will be
recognized over the period during which an employee is required to provide service in exchange for the award- the requisite service
period (usually the vesting period). No compensation cost is recognized for equity instruments for which employees do not render
the requisite service.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Fair Value for Financial Assets and Financial Liabilities</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company follows paragraph 825-10-50-10 of the FASB Accounting
Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting
Standards Codification (&#8220;Paragraph 820-10-35-37&#8221;) to measure the fair value of its financial instruments. Paragraph
820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States
of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair
value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs
to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority
to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs.
The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:</P>

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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"></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: 6%; text-align: right">Level 1</TD><TD STYLE="width: 1%"></TD><TD STYLE="text-align: justify; width: 93%">Quoted market prices available in active markets for identical assets
or liabilities as of the reporting date.</TD>
</TR>

<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">Level 2 </TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Pricing inputs other than quoted prices in active markets included
in Level 1, which are either directly or indirectly observable as of the reporting date.</TD>
</TR>

<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">Level 3</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Pricing inputs that are generally observable inputs and not corroborated
by market data.</TD>
</TR></TABLE>


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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The carrying amounts of the Company&#8217;s financial assets
and liabilities, such as cash, other receivables, accounts payable, prepaid expense and other assets and liabilities approximate
their fair values because of the short maturity of these instruments.</P>

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




<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company does not have any assets or liabilities measured
at fair value on a recurring or a non-recurring basis, consequently, the Company did not have any fair value adjustments for assets
and liabilities measured at fair value on December 31, 2014, nor gains or losses are reported in the statements of operations
that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting
date for the year ended December 31, 2014.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Embedded Conversion Features</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company evaluates embedded conversion features within
convertible debt under ASC 815 &#8220;Derivatives and Hedging&#8221; 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 &#8220;Debt with Conversion and Other Options&#8221; for consideration of any beneficial conversion feature.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Derivative Financial Instruments</U></P>

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

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Beneficial Conversion Feature</U>&nbsp;</P>

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

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Recent Accounting Pronouncements </U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">In June 2014, the FASB issued ASU 2014-10, Development Stage
Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. ASU 2014-10 eliminates the distinction of a development
stage entity and certain related disclosure requirements, including the elimination of inception-to-date information on the statements
of operations, cash flows and stockholders' equity. The amendments in ASU 2014-10 will be effective prospectively for annual reporting
periods beginning after December 15, 2014, and interim periods within those annual periods, however early adoption is permitted
for financial statements not yet issued. The Company adopted ASU 2014-10 during the fourth quarter of 2014, thereby no longer
presenting or disclosing any information required by Topic 915. The Company has reviewed all recently issued, but not yet effective,
accounting pronouncements up to ASU 2014-05, and does not believe the future adoption of any such pronouncements may be expected
to cause a material impact on its financial condition or the results of its operations.</P>

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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 2 <U>FIXED ASSETS</U></P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Fixed assets were comprised of the following as of December
31, 2014 and December 31, 2013, respectively. Depreciation is calculated using the straight-line method over a 5 year period.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&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: bottom">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">December 31, 2014</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">December 31, 2013</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255); font-weight: bold">
    <TD STYLE="text-align: justify">Cost:</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: 62%; text-align: justify">Computers</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; text-align: right">12,134</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: 15%; text-align: right">1,522</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: justify; padding-bottom: 1pt">Office equipment</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">4,055</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">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">Total</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,189</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,522</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-bottom: 1pt">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">2,027</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">228</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Property and equipment, 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">14,162</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">1,294</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New (W1); margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>




<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 3&nbsp;&#8211;&nbsp; <U>PREPAID EXPENSE</U></P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On June 4, 2014, the Company issued a total of 850,000 shares
of its common stock and 2,050,000 options in exchange for consulting services, valued at $286,818. The $286,818 is being charged
to operations over the three-year term.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Consulting fees charged to operations during the year ended
December 31, 2014 relating to this transaction amounted to $90,131. The unamortized balance at December 31, 2014 was $196,687.
Amortization expense over the remaining terms of the respective consulting agreement is as follows:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 50%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255); font-weight: bold">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top"><B>December
                                         31,</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; 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="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 75%; text-align: left; vertical-align: top">2014</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 19%; text-align: right">90,131</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: top">2015</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">130,797</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; vertical-align: top">2016</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">65,891</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">286,818</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 4 <U>DERIVATIVE LIABILITIES</U></P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company identified conversion features embedded within
convertible debt and warrants issued in 2014, and the Company also identified derivative liabilities embedded within warrants
detachable with subscription agreement. 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="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">As a result of the application of ASC No. 815, the fair value
of the warrant related to convertible debt and subscription agreement is summarized as follow:</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: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">Warrants with convertible Debt</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">Warrants with subscription agreement</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">Total</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 34%; text-align: justify; padding-left: 0.75pt">&nbsp;Fair value at the commitment date</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 18%; text-align: right">87,189</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: 18%; text-align: right">259,278</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: 18%; text-align: right">346,467</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: justify; padding-bottom: 1pt; padding-left: 0.75pt">&nbsp;Fair value mark to market adjustment</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">429,948</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">323,293</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">753,241</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 2.5pt; padding-left: 0.75pt">Balances as of December 31, 2014</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">517,137</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">582,571</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">1,099,708</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The fair value at the commitment and re-measurement dates for
the Company&#8217;s derivative liabilities were based upon the following management assumptions as of December 31, 2014:</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: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">Commitment Date</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">Remeasurement Date</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 56%; text-align: justify">&nbsp;Expected dividends</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 18%; text-align: center; vertical-align: bottom">0%</TD>
    <TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 18%; text-align: center; vertical-align: bottom">0%</TD>
    <TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify">&nbsp;Expected volatility</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">150%</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">150%</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">&nbsp;Expected term</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">3 years</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">2.23 &#8211; 2.96 years</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify">&nbsp;Risk free interest rate</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">0.75% - 1.1%</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">1.1%</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD></TR>
</TABLE>


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

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 5 <U>DEBT DISCOUNT</U></P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company recorded the $174,378 debt discount due to beneficial
conversion feature of $87,189 for the detachable warrants issued with convertible debt, and $87,189 in derivative liabilities
related to the ratchet feature warrants.&nbsp;</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The debt discount recorded in 2014 pertains to convertible
debt and warrants issued that contain ratchet features that are required to bifurcated and reported at fair value.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Debt discount is summarized as follows:</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;&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: justify">&nbsp;Debt discount</TD><TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 18%; text-align: right">174,378</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">&nbsp;Accumulated amortization - 2014</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">(67,363</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: justify; padding-bottom: 2.5pt">&nbsp;Debt discount - 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">107,016</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 6 &#8211; <U>CONVERTIBLE DEBENTURES</U></P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 24, 2014, the Company issued several convertible
debentures to certain accredited investors. The total amount of the debentures is $269,100 and matures on March 24, 2016 with
zero percent interest rate. The debentures are convertible into shares of the Company&#8217;s common stock at $0.1 per share.
In addition, the Company granted to the same investors three&#8722;year warrants to purchase an aggregate of 1,345,500 shares
of the Company&#8217;s common stock at $0.4 per share.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The debentures were discounted in the amount of $174,389
due to the intrinsic value of the beneficial conversion option and relative derivative liabilities of the warrants. As of December
31, 2014, the aggregate carrying value of the debentures was $162,084 net of debt discounts of $107,016. The Company recorded
amortization of debt discount in amount of $162,084 during the year ended December 31, 2014.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 7 <U>CAPITAL STOCK</U></P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 18, 2014, the Company entered into a Plan of Reorganization
with its shareholders in which the following was effected: (i) on March 21, 2014, the Company&#8217;s Certificate of Incorporation
was amended to allow for the issuance of 200,000,000 shares of the Company&#8217;s common stock; (ii) on March 24, 2014, each
of the Company&#8217;s preferred shareholders converted their shares into common stock on a one for one basis, and (iii) on March
24, 2014, each of the Company&#8217;s shareholders surrendered their shares of the Company&#8217;s common stock in exchange for
the pro-rata distribution of 36,000,000 newly issued shares of Company&#8217;s common stock, based on the percentage of the total
shares of common stock held by the shareholder immediately prior to the exchange (the &#8220;Exchange&#8221;).</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company is currently authorized to issue 21 Series A
preferred shares at $1.00 par value per share with 1:1 conversion and voting rights. As of December 31, 2014 and 2013, there were
zero shares of Series A preferred share issued and outstanding.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company is currently authorized to issue 200,000,000
common shares at $0.001 par value per share. As of December 31, 2014, there were 38,909,000 shares of common stock issued and
outstanding and 1,048,000 shares of common stock to be issued, all of which were subsequently issued on January 4, 2015.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On January 1, 2014, the directors and officers exercised
all of then outstanding 72.06 stock options and acquired 72.06 shares of common stock at $1 per share. These 72.06 shares of common
stock were exchanged for 21,954,160 shares of common stock during the Exchange.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 18, 2014, immediately prior to the exchange, the
Company converted $4,358 accrued dividend from Series A preferred shares into 0.513 share of common stock, which was exchanged
for 156,293 shares of common stock during the Exchange.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 24, 2014, the Company issued 2,059,000 shares of
common stock in exchange for $205,900 cash.</P>

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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On June 4, 2014, the Company issued 250,000 shares of common stock
to Vincent &#8220;Tripp&#8221; Keber valued at $0.10 per share in exchange for his services on the Company&#8217;s Board of Directors
for three years. These shares have a fair market value of $25,000, of which $4,795 was amortized during the year ended December
31, 2014.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On June 4, 2014, the Company issued 250,000 shares of common
stock to Ean Seeb valued at $0.10 per share in exchange for his services on the Company&#8217;s Board of Directors for three years.
These shares have a fair market value of $25,000, of which $4,795 was amortized during the year ended December 31, 2014.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On June 4, 2014, the Company issued 250,000 shares of common
stock to Sebastian Stant valued at $0.10 per share in exchange for his services as the Company&#8217;s Lead Web Developer for
one year. These shares have a fair market value of $25,000, of which $14,384 was amortized during the year ended December 31,
2014.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On May 1, 2014, the Company issued 100,000 shares of common
stock to Jesus Quintero valued at $0.10 per share in exchange for his services as the Company&#8217;s Chief Financial Officer
for one year. These shares have a fair market value of $10,000, of which $6,685 was amortized during the year to date period ended
December 31, 2014.</P>




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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">From September 15 to December 31, 2014, we completed an offering
of $524,000 of our securities to certain accredited and non-accredited investors consisting of 1,048,000 shares of our common
stock at $0.50 per share. As of December 31, 2014, the full $524,000 had been received. These shares have not been issued as of
December 31, 2014 and was recorded as common stock to be issued.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 8 &#8211; <U>STOCK WARRANTS</U></P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 24, 2014, the Company issued warrants to a third
party for the purchase of 4,050,000 and 2,375,000 shares of common stock, at an exercise price of $0.001 and $0.4 per share, respectively.
The warrants may be exercised any time after issuance through and including the third (3rd) anniversary of its original issuance.
The Company recorded an expense of $555,598 equal to the estimated fair value of the warrants at the date of grants. The fair
market value was calculated using the Black-Scholes options pricing model, assuming approximately 0.75% risk-free interest, 0%
dividend yield, 150% volatility, and expected life of 3 years</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 24, 2014, in connection to the issuance of convertible
debentures of $269,100 to certain investors, which are convertible into shares of the Company&#8217;s common stock at $0.1 per
share, the Company granted to the same investors three&#8722;year warrants to purchase an aggregate of 1,345,500 shares of the
Company&#8217;s common stock at $0.4 per share. The warrants may be exercised any time after the issuance through and including
the third (3rd) anniversary of its original issuance. See Note 4 for further discussion.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 24, 2014, in connection to the issuance of 2,059,000
shares of common stock, the Company granted to the same investors three&#8722;year warrants to purchase an aggregate of 1,029,500
shares of the Company&#8217;s common stock at $0.4 per share. The warrants may be exercised any time after the issuance through
and including the third (3rd) anniversary of its original issuance. The warrants have a fair market value of $66,712. The fair
market value was calculated using the Black-Scholes options pricing model, assuming approximately 0.75% risk-free interest, 0%
dividend yield, 150% volatility, and expected life of 3 years. See Note 4 for further discussion.</P>

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



<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On June 4, 2014, the Company issued warrants to purchase 750,000
shares at $0.10 per share to Vincent &#8220;Tripp&#8221; Keber for his services on the Company&#8217;s Board of Directors for
3 years. Under the terms of the agreement, 250,000 shares shall begin vesting on October 1, 2014 such that 20,833 shares shall
vest on the first of every month except for every three months, when 20,834 shares shall vest. An additional 250,000 shares shall
begin vesting the later of: October 1, 2015 or the Company reaching 830,000 users such that 20,833 shares shall vest on the first
of every month except for every three months, when 20,834 shares shall vest. An additional 250,000 shares shall vest immediately
upon the later of: October 1, 2016 or the Company reaching 1,080,000 users. These warrants were issued in exchange for his services
on the Company&#8217;s Board of Directors for 3 years. The warrants may be exercised any time after the issuance through and including
the tenth (10th) anniversary of its original issuance. The warrants have a fair market value of $73,836. The fair market value
was calculated using the Black-Scholes options pricing model, assuming approximately 2.61% risk-free interest, 0% dividend yield,
150% volatility, and expected life of 10 years. During year ended December 31, 2014, $14,160 was amortized.</P>

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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On June 4, 2014, the Company issued warrants to purchase 750,000
shares at $0.10 per share to Ean Seeb for his services on the Company&#8217;s Board of Directors for 3 years. Under the terms
of the agreement, 250,000 shares shall begin vesting on October 1, 2014 such that 20,833 shares shall vest on the first of every
month except for every three months, when 20,834 shares shall vest. An additional 250,000 shares shall begin vesting the later
of: October 1, 2015 or the Company reaching 830,000 users such that 20,833 shares shall vest on the first of every month except
for every three months, when 20,834 shares shall vest. An additional 250,000 shares shall vest immediately upon the later of:
October 1, 2016 or the Company reaching 1,080,000 users. These warrants were issued in exchange for his services on the Company&#8217;s
Board of Directors for 3 years. The warrants may be exercised any time after the issuance through and including the tenth (10th)
anniversary of its original issuance. The warrants have a fair market value of $73,836. The fair market value was calculated using
the Black-Scholes options pricing model, assuming approximately 2.61% risk-free interest, 0% dividend yield, 150% volatility,
and expected life of 10 years. During year period ended December 31, 2014, $14,160 was amortized.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On June 4, 2014, the Company issued warrants to purchase
550,000 shares at $0.10 per share to Sebastian Stant for his services as the Company&#8217;s Lead Web Developer for 1 year. Under
the terms of the agreement, 250,000 shares shall vest immediately upon the company reaching 250,000 users. An additional 150,000
shares shall vest immediately upon the company reaching 500,000 users. An additional 150,000 shares shall vest immediately upon
the company reaching 750,000 users. The warrants were issued in exchange for his services as the Company&#8217;s Lead Web Developer
for 1 year. The warrants may be exercised any time after the issuance through and including the tenth (10th) anniversary of its
original issuance. The warrants have a fair market value of $54,146. The fair market value was calculated using the Black-Scholes
options pricing model, assuming approximately 2.61% risk-free interest, 0% dividend yield, 150% volatility, and expected life
of 10 years. During year period ended December 31, 2014, $31,153 was amortized.</P>

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




<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">During the four months ended December 31, 2014, in connection
to the sale of 1,048,000 shares of common stock, the Company granted to the same investors three&#8722;year warrants to purchase
an aggregate of 524,000 shares of the Company&#8217;s common stock at $1.00 per share. The warrants may be exercised any time
after the issuance through and including the third (3rd) anniversary of its original issuance. The warrants have a fair market
value of <B>$</B>42,650. The fair market value was calculated using the Black-Scholes options pricing model, assuming approximately
1% risk-free interest, 0% dividend yield, 150% volatility, and expected life of 3 years. See Note 4 for further discussion.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Stock warrants outstanding and exercisable on December 31,
2014 are as follows:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%; border-collapse: collapse">
<TR STYLE="text-align: center; vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid"><B>Exercise Price per Share</B></TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid"><B>Shares Under Warrants</B></TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid"><B>Remaining Life in Years</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><B>Outstanding</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 30%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: right; vertical-align: bottom">$</TD>
    <TD STYLE="width: 20%; text-align: right; vertical-align: bottom">0.001</TD>
    <TD STYLE="width: 1%; text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 20%; text-align: right; vertical-align: bottom">4,050,000</TD>
    <TD STYLE="width: 1%; text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 21%; text-align: center; vertical-align: bottom">3</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">$</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">0.10</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">2,050,000</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">10</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">$</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">0.4</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">4,750,000</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">3</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">$</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">1</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">524,000</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">3</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><B>Exercisable</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">$</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">0.001</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">4,050,000</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">3</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">$</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">0.10</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">125,000</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">10</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">$</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">0.4</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">4,750,000</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">3</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">$</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">1</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">524,000</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">3</TD></TR>
</TABLE>
<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">No other stock warrants have been issued or exercised during
the twelve months ended December 31, 2014.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 9 <U>GOING CONCERN AND UNCERTAINTY</U></P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company has suffered losses from operations since inception.
In addition, the Company has yet to generate an internal cash flow from its business operations. These factors raise substantial
doubt as to the ability of the Company to continue as a going concern.</P>

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    <!-- Field: /Page -->

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Management&#8217;s plans with regard to these matters encompass
the following actions: 1) obtain funding from new investors to alleviate the Company&#8217;s working deficiency, and 2) implement
a plan to generate sales. The Company&#8217;s continued existence is dependent upon its ability to translate its vast user base
into sales. However, the outcome of management&#8217;s plans cannot be ascertained with any degree of certainty. The accompanying
financial statements do not include any adjustments that might result from the outcome of these risks and uncertainties.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 10 <U>SIGNIFICANT EVENTS</U></P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On July 24, 2014, MassRoots entered into a lease for a new
company headquarters located at 2247 Federal Blvd, Denver.&nbsp;This location is co-leased by the Company, along with CannaBuild,
LLC, from 2247 Federal Boulevard, LLC pursuant to a written lease which expires on July 22, 2015 and contains an option for a
one year renewal at the same monthly rate. This location is shared with CannaBuild, LLC, which pays a portion of the monthly rent.
The lease is for a total of $3,450 per month, which, pursuant to an expense sharing agreement between the Company and CannaBuild,
LLC, the Company is responsible for paying $2,250 per month.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company had previously rented virtual office space from
Opus Virtual Offices which provides conference rooms, mail forwarding and call answering for $99 per month ($1,188 on an annual
basis). The Opus Virtual Office lease has been cancelled by the Company and expired on September 14, 2014.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On September 1, 2014, MassRoots entered into an employment
contract with Sebastian Stant. For his services as Lead Developer, Mr. Stant shall be compensated five thousand dollars ($5,000)
per month. Upon the successful execution of all of our outstanding forty-cent ($0.40) warrants, Mr. Stant's salary will increase
to seven thousand five hundred dollars ($7,500) per month. The employment contract is &#8220;at-will&#8221; and may be terminated
by either party with or without cause with one (1) month&#8217;s written notice. No retirement plan, health insurance or employee
benefits program was awarded to Mr. Stant and he serves at the discretion of the Board of Directors.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On September 15, 2015, MassRoots entered into a contract
with Direct Media Advertising for a sponsorship of B-Real&#8217;s &#8220;Smokers Club Tour.&#8221; Under the terms of the agreement,
B-Real has promoted MassRoots on his social media accounts, featured MassRoots on B-Real's &quot;Smoke Box&quot; and produced
a promotional video for MassRoots. MassRoots compensated Direct Media Advertising a one-time fee of twenty thousand dollars ($20,000).
The tour lasted from October 1, 2014 to November 30, 2014.</P>




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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 11 <U>SUBSEQUENT EVENTS</U></P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On January 1, 2015, MassRoots amended its employment contract
with Tyler Knight. For his services as Chief Marketing Officer, Mr. Knight shall be five thousand dollars ($5,000) per month.
The employment contract is &#8220;at-will&#8221; and may be terminated by either party with or without cause with one (1) month&#8217;s
written notice. No retirement plan, health insurance or employee benefits program was awarded to Mr. Knight and he serves at the
direction of the Chief Executive Officer and Board of Directors.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 3, 2015, MassRoots entered into an investment banking
relationship with Chardan Capital Markets, LLC. Under the terms of the agreement, MassRoots shall pay Chardan a non-refundable
retainer of 200,000 common shares and pay a commission equal to: (a) an aggregate cash fee equal to four percent (4%) of the gross
proceeds received from the sale of the Stock; and (b) an aggregate restricted stock fee equal to eight percent (8.0%) of the aggregate
number of shares of Stock sold in the offering.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 9, 2015, Sebastian Stant resigned his position as
Lead Developer of MassRoots and surrendered 350,000 options with a strike price of $0.10 back to the 2014 Employee Incentive Plan.</P>

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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 9, 2015 MassRoots entered into an employment contract
with Alan Janis. For his services as Director of Technology, Mr. Janis shall be compensated one hundred thirty thousand dollars
($130,000) per year. The employment contract is &#8220;at-will&#8221; and may be terminated by either party with or without cause
with one (1) month&#8217;s written notice. No retirement plan, health insurance or employee benefits program was awarded to Mr.
Janis and he serves at the discretion of the Board of Directors.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 31, 2015, MassRoots amended its employment contract
with Isaac Dietrich. For his services as Chief Executive Officer, Mr. Dietrich shall be compensated seven thousand five hundred
dollars ($7,500) per month, effective April 1, 2015. The employment contract is &#8220;at-will&#8221; and may be terminated by
either party with or without cause with one (1) month&#8217;s written notice. No retirement plan, health insurance or employee
benefits program was awarded to Mr. Dietrich and he serves at the direction of the Board of Directors.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 31, 2015, MassRoots amended its employment contract
with Hyler Fortier. For her services as Chief Operating Officer, Ms. Fortier shall be compensated five thousand dollars ($5,000)
per month, effective April 1, 2015. The employment contract is &#8220;at-will&#8221; and may be terminated by either party with
or without cause with one (1) month&#8217;s written notice. No retirement plan, health insurance or employee benefits program
was awarded to Ms. Fortier and she serves at the direction of the Board of Directors.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">From January 1, 2015 to March 11, 2015, we sold $448,000
of our securities to certain accredited and non-accredited investors consisting of 896,000 shares of our common stock at $0.50
per share, with a warrant, exercisable into an amount of our common stock equal to fifty percent (50%) of the common stock purchased,
at $1.00 per share. On March 11, this offering was terminated per the Company&#8217;s Board of Directors.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On January 12, 2015, debentures with a face value of $40,000
were converted into 400,000 shares of common stock.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On January 14, 2015, the Company issued 1,508,000 shares
of common stock to investors who had purchased the shares at $0.50 per share from September 15, 2014 to January 9, 2015.</P>


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<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0; font-weight: bold"><A NAME="a_020"></A>March 31, 2015</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 5.5in; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></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: bottom">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">Page</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255); font-weight: bold">
    <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></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 70%">Balance Sheets as of December 31, 2014 and March 31, 2015 (Unaudited)</TD><TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 18%; text-align: right">85</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">Statements of Operations for the Quarters Ended March 31, 2015 and 2014 (Unaudited)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">86</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Statements of Cash Flows for the Quarters Ended March 31, 2015 and 2014 (Unaudited)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">87</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">Notes to Financial Statements (Unaudited)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">88</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>



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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>


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

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

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0; font-weight: bold">AS OF MARCH 31, 2015 AND DECEMBER 31, 2014</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: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">Mar 31, 2015</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">Dec 31, 2014</TD></TR>
<TR STYLE="text-align: center; font-weight: bold; vertical-align: bottom">
    <TD></TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">(UNAUDITED)</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">(AUDITED)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255); font-weight: bold">
    <TD>ASSETS</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: 1.05pt">CURRENT ASSETS</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%; padding-left: 5.55pt">Cash</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">54,891</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">141,928</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: 5.55pt">Other receivables</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,913</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,201</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: 5.55pt">Prepaid 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">748,938</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">130,797</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: 14.55pt">TOTAL CURRENT ASSETS</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">827,742</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">283,926</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</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="text-align: left; padding-left: 1.05pt">FIXED ASSETS</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: 5.55pt">Computer and office equipment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">26,085</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,189</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: 5.55pt">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">(3,124</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">(2,027</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; padding-left: 14.55pt">NET FIXED ASSETS</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">22,961</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">14,162</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</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></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 1.05pt">OTHER ASSETS</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: 5.55pt">Prepaid expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">65,891</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">65,891</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: 5.55pt">Deposits</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">35,702</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">2,550</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: 1.05pt">Total Other Assets</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">101,593</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">68,441</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</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="text-align: left; padding-bottom: 2.5pt; padding-left: 1.05pt">TOTAL ASSETS</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">952,296</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">366,529</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>&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: 1.05pt">LIABILITIES AND STOCKHOLDERS' EQUITY</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>&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: 1.05pt">CURRENT 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: 5.55pt">Accounts Payable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">46,144</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25,842</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.55pt">Accrued expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21,275</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,917</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: 5.55pt">Accrued payroll tax</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">1,778</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: 5.55pt">Derivative liabilities</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">1,226,383</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">1,099,707</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: 1.05pt">TOTAL CURRENT LIABILITIES</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">1,293,802</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">1,151,244</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</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></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 1.05pt">LONG TERM LIABILITY</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: 1pt; padding-left: 5.55pt">Convertible debentures, net of $80,870 and $107,016 discount, respectively</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">148,230</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">162,084</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: 14.55pt">TOTAL LIABILITIES</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">1,442,032</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">1,313,328</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</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></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 1.05pt">STOCKHOLDERS' 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><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: justify; padding-left: 0.1in">Common stock, $0.001 par value, 200,000,000 shares authorized&#894; 40,817,000 and 38,909,000 shares issued and outstanding, respectively</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">40,817</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">38,909</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: 5.55pt">Common stock to be issued</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">654</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,048</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.55pt">Additional paid in capital</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,368,925</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,372,867</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: 5.55pt">Common stock subscription receivable</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">0</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.55pt">Deficit accumulated through the development stage</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,910,132</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,359,623</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: 5.55pt">TOTAL STOCKHOLDERS'
DEFICIT</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(489,736</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(946,799</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.55pt">&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: 5.55pt">TOTAL
LIABILITIES AND STOCKHOLDERS' DEFICIT</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">952,296</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">366,529</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>


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

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">The accompanying notes are an integral part of these financial
statements.<I>&nbsp;</I></P>


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

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0; font-weight: bold">STATEMENTS OF OPERATIONS</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 COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">FOR THE THREE <BR> MONTHS ENDED <BR> MARCH 31, <BR> 2015 (UNAUDITED)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">FOR THE THREE <BR> MONTHS ENDED <BR> MARCH 31, <BR> 2014 (UNAUDITED)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255); font-weight: bold">
    <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: 56%; padding-left: 0.25pt">REVENUE</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 18%; text-align: right">941</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 18%; text-align: right">995</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</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="text-align: left; padding-bottom: 1pt; padding-left: 0.25pt">COST OF GOODS SOLD</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">700</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">690</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</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="text-align: left; padding-bottom: 1pt; padding-left: 0.25pt">GROSS PROFIT</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">241</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">305</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</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="text-align: left; padding-bottom: 1pt; padding-left: 0.25pt">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">&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: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.25pt">Advertising</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">53,589</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">30,504</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.25pt">Depreciation</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,097</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">233</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: 0.25pt">Independent contractor expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">65,989</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">22,067</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.25pt">Legal expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,925</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,200</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: 0.25pt">Payroll and related expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">162,930</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">32,908</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.25pt">Common stock issued for services</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">113,712</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: 0.25pt">Options issued for services</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">47,009</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: 0.25pt">Warrants issued for services</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,832</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">555,598</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: 0.25pt">Other 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">100,968</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">30,997</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: 0.25pt">Total 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">565,051</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">681,507</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</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="text-align: left; padding-bottom: 1pt; padding-left: 0.25pt">(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">(564,810</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">(681,202</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</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="text-align: left; padding-left: 0.25pt">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: 0.25pt">Change in derivative liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">42,737</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; padding-left: 0.25pt">Interest expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,290</TD><TD STYLE="text-align: left">)</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: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.25pt">Amortization of discount on notes payable</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">(26,146</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">(1,263</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: 1pt; padding-left: 0.25pt">Total Other Income</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">14,301</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">(1,263</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</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="text-align: left; padding-bottom: 1pt; padding-left: 0.25pt">INCOME (LOSS) BEFORE INCOME TAXES</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">(550,509</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">(682,465</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</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="text-align: left; padding-left: 0.25pt">PROVISION FOR INCOME TAXES</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">&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="text-align: left; padding-bottom: 2.5pt; padding-left: 0.25pt">NET (LOSS)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(550,509</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(682,465</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</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="text-align: left; padding-bottom: 2.5pt; padding-left: 0.25pt">Basic and fully diluted net income (loss) per common share:</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">(0.01</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">N/A</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>&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="padding-bottom: 2.5pt; padding-left: 0.25pt">Weighted average common shares outstanding</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">40,391,311</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">N/A</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">The accompanying notes are an integral part of these
financial statements.</P>


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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 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; font-weight: bold">
    <TD COLSPAN="9" STYLE="text-align: center"><P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">MASSROOTS, INC.</P> <P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">STATEMENTS
OF CASH FLOWS</P></TD></TR>
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">FOR THE THREE MONTHS ENDED MARCH 31, 2015 (UNAUDITED)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">FOR THE THREE MONTHS ENDED &nbsp;<BR> MARCH 31, 2014 (UNAUDITED)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.35pt; font-weight: bold">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: White">
    <TD STYLE="width: 56%; text-align: left; padding-left: 0.35pt">Net (loss)</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 18%; text-align: right">(550,509</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 18%; text-align: right">(682,465</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.35pt">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="padding-left: 0.35pt">Depreciation</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,097</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">233</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: 0.35pt">Preferred stock issued for services</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; padding-left: 0.35pt">Common stock issued for services</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">113,712</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: 0.35pt">Options issued for services</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">47,009</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: 0.35pt">Warrant issued for services</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,832</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">555,598</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.35pt">Amortization of discount</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">26,146</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,263</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.35pt">Change in derivative liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(42,737</TD><TD STYLE="text-align: left">)</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: 0.35pt">Inputed Interest expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,290</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: 0.35pt">Changes 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: 0.35pt">Other receivables</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(12,712</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-left: 0.35pt">Prepaid expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(14,283</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(400</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.35pt">Deposit</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(33,152</TD><TD STYLE="text-align: left">)</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: 0.35pt">Accounts payable and other liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">51,944</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,046</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: 0.35pt">Accrued payroll tax</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">(1,778</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">(1,846</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: 0.35pt">Net Cash (Used in) Operating Activities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(409,141</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(122,571</TD><TD STYLE="text-align: left">)</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="text-align: left; padding-left: 0.35pt; font-weight: bold">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: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.35pt">Payments for equipment</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">(9,896</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">(6,231</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: 0.35pt">Net Cash (Used in) Investing Activities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(9,896</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6,231</TD><TD STYLE="text-align: left">)</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="text-align: left; padding-left: 0.35pt; font-weight: bold">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: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.35pt">Issuance of convertible debentures for cash</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">181,500</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.35pt">Issuance of common stock for cash</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">332,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">193,700</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: 0.35pt">Net Cash Provided by Financing Activities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">332,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">375,200</TD><TD STYLE="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">&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: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.35pt">NET INCREASE IN CASH</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(87,037</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">246,398</TD><TD STYLE="text-align: left">&nbsp;</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></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.35pt">CASH AT BEGINNING OF PERIOD</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">141,928</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">80,479</TD><TD STYLE="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">&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: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt; padding-left: 0.35pt">CASH AT END OF PERIOD</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">54,891</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">326,877</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</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></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.35pt; font-weight: bold">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-left: 0.35pt">Repayment of short term borrowing - related party through issuance of preferred stock</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">$</TD><TD STYLE="text-align: right">555,598</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.35pt">Warrants/Common stock/Option issued for services</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">603,858</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>
</TABLE>

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

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">The accompanying notes are an integral part of these financial
statements.</P>


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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0; font-weight: bold">MassRoots, Inc.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0; font-weight: bold">Notes to Financial Statements (Unaudited)</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0; font-weight: bold">March 31, 2015</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 1&#9;<U>SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES</U></P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">MassRoots, Inc. (the &#8220;Company&#8221;)
is a social network for the cannabis community. Through its mobile applications, systems and websites, MassRoots enables people
to share their cannabis-related content and for businesses to connect with those consumers. The Company was incorporated in the
State of Delaware on April 24, 2013.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company&#8217;s primary focus
during the first quarter of 2015 was increasing our userbase from around 200,000 to 275,000 users, returning to the iOS App Store
and developing additional features to expand the reach and utility of its network.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company has not focused on generating
revenue to date. However, the primary source of revenue generated to date is advertising from businesses, brands and non-profits.
Its secondary source of income is merchandise sales.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Basis of
Presentation</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The unaudited financial statements
include the accounts of MassRoots, Inc. under the accrual basis of accounting.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Management&#8217;s Use of Estimates</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The preparation of unaudited financial
statements in conformity with accounting principles generally accepted in the United States of America requires management to
make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements
and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
The unaudited financial statements above reflect all of the costs of doing business.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Deferred Taxes</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company accounts for income taxes
under Section 740-10-30 of the FASB Accounting Standards Codification. Deferred income tax assets and liabilities are determined
based upon differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted
tax rates and laws that will be in effect when 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 statements of operations in the period that includes the enactment date.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Cash and Cash Equivalents</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">For purposes of the Statement of Cash Flows, the Company considers highly liquid investments with an original maturity of three
months or less to be cash equivalents.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Revenue Recognition</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company applies paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The Company
recognizes revenue when services are realized or realizable and earned less estimated future doubtful accounts. The Company considers
revenue realized or realizable and earned when all of the following criteria are met:</P>




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

<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: 15pt; text-align: right">(i)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">persuasive evidence of an arrangement exists,</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(ii)</TD><TD></TD><TD STYLE="text-align: justify">the services have been rendered and all required milestones achieved,</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(iii)</TD><TD></TD><TD STYLE="text-align: justify">the sales price is fixed or determinable, and</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(iv)</TD><TD></TD><TD STYLE="text-align: justify">Collectability is reasonably assured.</TD>
</TR></TABLE>



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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">MassRoots primarily generates revenue
by charging businesses to advertise on the network. MassRoots has the ability to target advertisements directly to a clients&#8217;
target audience, based on their location, on their mobile devices. All advertising services take between a few hours to up to
one month to complete, unless otherwise noted.</P>

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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">MassRoots&#8217; secondary source of income is merchandise sales.
The objective with the sales is not to generate large profit margins, but to help offset the cost of marketing. Each t-shirt,
sticker and jar MassRoots sells will likely lead to more downloads and active users.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Cost of Sales</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U></U>The Company&#8217;s policy is to recognize
cost of sales in the same manner in conjunction with revenue recognition, when the costs are incurred. Cost of sales includes
the costs directly attributable to revenue recognition. Selling, general and administrative expenses are charged to expense as
incurred.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Comprehensive Income (Loss)</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company reports comprehensive income and its components following guidance set forth by section 220-10 of the FASB Accounting
Standards Codification which establishes standards for the reporting and display of comprehensive income and its components in
the financial statements. There were no items of comprehensive income (loss) applicable to the Company during the periods covered
in the financial statements.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Loss Per Share</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U></U>Net loss per common share is computed pursuant
to section 260-10-45 of the FASB Accounting Standards Codification. Basic net loss per share is computed by dividing net loss
by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed
by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock
during each period.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Risk and Uncertainties</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U></U>The Company is subject to risks common
to emerging companies in the technology and cannabis industries, including, but not limited to, the uncertain governmental regulation
of cannabis, the development of new technological innovations, potential lack of funding needed to reach our business goals and
dependence on key personnel.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Convertible Debentures</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">If
the conversion features of conventional convertible debt provides for a rate of conversion that is below market value at issuance,
this feature is characterized as a beneficial conversion feature (&#8220;BCF&#8221;). A BCF is recorded by the Company as a debt
discount pursuant to ASC Topic 470-20 &#8220;Debt with Conversion and Other Options.&#8221; In those circumstances, the convertible
debt is recorded net of the discount related to the BCF, and the Company amortizes the discount to interest expense, over the
life of the debt using the effective interest method.</P>

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




<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Stock-Based Compensation</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The
Company accounts for stock-based compensation using the fair value method following the guidance set forth in section 718-10 of
the FASB Accounting Standards Codification for disclosure about Stock-Based Compensation. This section requires a public entity
to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair
value of the award (with limited exceptions). That cost will be recognized over the period during which an employee is required
to provide service in exchange for the award- the requisite service period (usually the vesting period). No compensation cost
is recognized for equity instruments for which employees do not render the requisite service.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Fair Value for Financial Assets and Financial Liabilities</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U></U>The
Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial
instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (&#8220;Paragraph 820-10-35-37&#8221;) to
measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in
accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value
measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37
establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three
broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical
assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph
820-10-35-37 are described below:</P>

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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"></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: 6%; text-align: right">Level 1</TD><TD STYLE="width: 1%"></TD><TD STYLE="text-align: justify; width: 93%">Quoted market prices available in active markets for identical assets or liabilities
as of the reporting date.</TD>
</TR>     <TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">Level 2</TD><TD></TD><TD STYLE="text-align: justify">Pricing inputs other than quoted prices in active markets included in Level 1, which
are either directly or indirectly observable as of the reporting date.</TD>
</TR>     <TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">Level 3</TD><TD></TD><TD STYLE="text-align: justify">Pricing inputs that are generally observable inputs and not corroborated by market
data.</TD>
</TR></TABLE>


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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The carrying amounts of the Company&#8217;s
financial assets and liabilities, such as cash, prepaid expense and accrued payroll tax approximate their fair values because
of the short maturity of these instruments.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The derivative liabilities are stated
at their fair value as a Level 3 measurement. The Company used a Black-Scholes model to determine the fair values of these derivative
liabilities. See Note 4 for the Company&#8217;s assumptions used in determining the fair value of these financial instruments.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Embedded Conversion Features</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company evaluates embedded conversion features within
convertible debt under ASC 815 &#8220;Derivatives and Hedging&#8221; 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 &#8220;Debt with Conversion and Other Options&#8221; for consideration of any beneficial
conversion feature.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Derivative Financial Instruments</U></P>

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

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Beneficial Conversion Feature</U></P>

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

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Recent Accounting Pronouncements
</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">In June 2014, the FASB issued ASU 2014-10, Development Stage Entities
(Topic 915): Elimination of Certain Financial Reporting Requirements. ASU 2014-10 eliminates the distinction of a development
stage entity and certain related disclosure requirements, including the elimination of inception-to-date information on the statements
of operations, cash flows and stockholders' equity. The amendments in ASU 2014-10 will be effective prospectively for annual reporting
periods beginning after December 15, 2014, and interim periods within those annual periods, however early adoption is permitted
for financial statements not yet issued. The Company adopted ASU 2014-10 during the fourth quarter of 2014, thereby no longer
presenting or disclosing any information required by Topic 915. The Company has reviewed all recently issued, but not yet effective,
accounting pronouncements up to ASU 2015-08, and does not believe the future adoption of any such pronouncements may be expected
to cause a material impact on its financial condition or the results of its operations.</P>

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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 2&#9;<U>FIXED ASSETS</U></P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Fixed assets were comprised of the
following as of March 31, 2015, December 31, 2014 and December 31, 2013, respectively. Depreciation is calculated using the straight-line
method over a 5 year period.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;&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="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">March 31, 2015</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">December 31, 2014</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">December 31, 2013</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255); font-weight: bold">
    <TD STYLE="text-align: justify">Cost:</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="width: 43%; text-align: justify">Computers</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; text-align: right">17,347</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: 15%; text-align: right">12,134</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: 15%; text-align: right">1,522</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: justify; padding-bottom: 1pt">Office equipment</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">8,738</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">4,055</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">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">Total</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">26,085</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,189</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,522</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-bottom: 1pt">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">3,124</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">2,027</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">228</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Property and equipment, net</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">22,961</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">14,162</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">1,294</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 3&nbsp;&nbsp;&#9;<U>PREPAID EXPENSE</U></P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">During the first quarter 2015, the
Company issued 430,000 shares of its common stock, 100,000 warrants and 1,065,000 options in exchange for services, valued at
$782,695. The $782,695 is being charged to operations over a one-year term.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On June 4, 2014, the Company issued
a total of 850,000 shares of its common stock and 2,050,000 options in exchange for consulting services, valued at $286,818. The
$286,818 is being charged to operations over a three-year term.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Consulting fees charged to operations
during the three months ended March 31, 2015 and March 31, 2014 was $23,904 and $0, respectively. The unamortized balance at March
31, 2015 and at December 31, 2014 was $814,829, and $196,688, respectively.</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 4 &#9;<U>DERIVATIVE LIABILITIES</U></P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company identified conversion
features embedded within convertible debt and warrants issued in the first quarter 2015 and in 2014, and the Company also identified
derivative liabilities embedded within warrants detachable with subscription agreement. 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="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&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: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">Warrants with convertible Debt</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">Warrants with subscription agreement</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">Warrants issued for services</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">Total</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 49%; text-align: justify; padding-left: 0pt">Fair value at the commitment date</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 11%; text-align: right">87,189</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">259,278</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; text-align: right">346,467</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: justify; padding-bottom: 1pt; padding-left: 0pt">Fair value mark to market adjustment</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">429,948</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">323,293</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">753,241</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 2.5pt; padding-left: 0pt">Balances as of December 31, 2014</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">517,137</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">582,571</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">&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">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">1,099,708</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: justify; padding-left: 0pt">Fair value at the commitment date-in the first quarter of 2015</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">125,708</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">43,704</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">169,412</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt; padding-left: 0pt">Fair value mark to market adjustment</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">(24,677</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">(17,841</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">(219</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">(42,737</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: justify; padding-bottom: 2.5pt; padding-left: 0pt">Balances as of March 31, 2015</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">618,168</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">564,730</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">43,485</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">1,226,383</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The fair value at the commitment and
re-measurement dates for the Company&#8217;s derivative liabilities were based upon the following management assumptions as of
March 31, 2015:</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 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; font-weight: bold">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Commitment Date</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Remeasurement Date</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 56%; text-align: justify">&nbsp;Expected dividends</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 18%; text-align: center; vertical-align: bottom">0%</TD><TD STYLE="width: 1%; text-align: center; vertical-align: bottom"></TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 18%; text-align: center; vertical-align: bottom">0%</TD><TD STYLE="width: 1%; text-align: center; vertical-align: bottom"></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify">&nbsp;Expected volatility</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">150%</TD><TD STYLE="text-align: center; vertical-align: bottom"></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">150%</TD><TD STYLE="text-align: center; vertical-align: bottom"></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">&nbsp;Expected term</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;3 years&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;1.98 &#8211; 2.92 years&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify">&nbsp;Risk free interest rate</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;0.75% - 1.1%&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">0.89%</TD><TD STYLE="text-align: center; vertical-align: bottom"></TD></TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 5 &#9;<U>DEBT DISCOUNT</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company recorded the $174,378
debt discount due to beneficial conversion feature of $87,189 for the detachable warrants issued with convertible debt, and $87,189
in derivative liabilities related to the ratchet feature warrants.&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The debt discount was recorded in
2014 and pertains to convertible debt and warrants issued that contain ratchet features that are required to be bifurcated and
reported at fair value.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Debt discount is summarized as follows:</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 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; 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">March 31, 2015</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">December 31, 2014</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 56%; text-align: left; padding-left: 5.4pt">Deb discount on notes payable</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 18%; text-align: right">107,016</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: 18%; text-align: right">174,379</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">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">(26,146</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">(67,363</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">Debt discount on notes payable, net</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">80,870</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">107,016</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>




<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Amortization of debt discount on notes payable for the
three months ended March 31, 2015 and March 31, 2014 was $26,146 and $1,263, respectively.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE
6 &#9;<U>CONVERTIBLE DEBENTURES</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 24, 2014, the Company issued
several convertible debentures to certain accredited investors. The total amount of the debentures is $269,100 and matures on
March 24, 2016 with a zero percent interest rate. The debentures are convertible into shares of the Company&#8217;s common stock
at $0.10 per share.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The debentures were discounted in
the amount of $174,378 due to the intrinsic value of the beneficial conversion option and relative derivative liabilities of the
warrants.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On January 7, 2015, one holder of
a convertible debenture converted $40,000 principal to 400,000 shares of common stock.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">As of March 31, 2015, the aggregate
carrying value of the debentures was $148,230 net of debt discounts of $80,870, while as of December 31, 2014, the aggregate carrying
value of the debentures was $162,084 net of debt discounts of $107,016.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 7&#9;<U>CAPITAL STOCK</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company is currently authorized
to issue 21 Series A preferred shares at $1.00 par value per share with 1:1 conversion and voting rights. As of March 31, 2015,
there were zero shares of Series A preferred shares issued and outstanding.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company is currently authorized
to issue 200,000,000 shares of its common stock at $0.001 par value per share. As of March 31, 2015, there were 40,817,000 shares
of common stock issued and outstanding and 654,000 shares of common stock to be issued.</P>

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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 18, 2014, the Company entered into a Plan of Reorganization
with its shareholders in which the following was effected: (i) on March 21, 2014, the Company&#8217;s Certificate of Incorporation
was amended to allow for the authorization of 200,000,000 shares of the Company&#8217;s common stock; (ii) on March 24, 2014,
each of the Company&#8217;s preferred shareholders converted their shares into common stock on a one for one basis; and (iii)
on March 24, 2014, each of the Company&#8217;s shareholders surrendered their shares of the Company&#8217;s common stock in exchange
for the pro-rata distribution of 36,000,000 newly issued shares of Company&#8217;s common stock, based on the percentage of the
total shares of common stock held by the shareholder immediately prior to the exchange (the &#8220;Exchange&#8221;).</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On January 1, 2014,
the directors and officers exercised all of then outstanding 72.06 stock options and acquired 72.06 shares of common stock at
$1 per share. These 72.06 shares of common stock were exchanged for 21,954,160 shares of common stock during the Exchange.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 18, 2014, immediately prior
to the exchange, the Company converted $4,358 accrued dividends from Series A preferred shares into 0.513 shares of common stock,
which was exchanged for 156,293 shares of common stock during the Exchange.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 24, 2014, the Company issued
2,059,000 shares of common stock in exchange for $205,900 cash.</P>




<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On June 4, 2014, the Company issued
250,000 shares of common stock to Vincent &#8220;Tripp&#8221; Keber valued at $0.10 per share in exchange for his services on
the Company&#8217;s Board of Directors for three years under the 2014 Equity Incentive Plan (&#8220;2014 Plan&#8221;). These shares
had a fair market value of $25,000, of which $2,055 was amortized during the quarter ended March 31, 2015.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On June 4, 2014, the Company issued
250,000 shares of common stock under the 2014 Plan to Ean Seeb valued at $0.10 per share in exchange for his services on the Company&#8217;s
Board of Directors for three years. These shares had a fair market value of $25,000, of which $2,055 was amortized during the
quarter ended March 31, 2015.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On June 4, 2014, the Company issued
250,000 shares of common stock under the 2014 Plan to Sebastian Stant valued at $0.10 per share in exchange for his services as
the Company&#8217;s Lead Web Developer for one year. These shares had a fair market value of $25,000, of which $6,164 was amortized
during the quarter ended March 31, 2015.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On May 1, 2014, the Company issued
100,000 shares of common stock under the 2014 Plan to Jesus Quintero valued at $0.10 per share in exchange for his services as
the Company&#8217;s Chief Financial Officer for one year. These shares had a fair market value of $10,000, of which $2,466 was
amortized during the quarter ended March 31, 2015.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On January 7, 2015, the Company issued
400,000 shares of common stock by conversion of convertible debentures issued in March 2014.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">From September 15, 2014 to March 11,
2015, we completed an offering of $866,000 of our securities to certain accredited and non-accredited investors consisting of
1,732,000 shares of our common stock at $0.50 per share. As of March 31, 2015, 1,508,000 shares of common stock had been issued.
The remaining 224,000 shares have not been issued as of March 31, 2015 and were recorded as common stock to be issued.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 3, 2015, MassRoots entered
into an investment banking relationship with Chardan Capital Markets, LLC. Under the terms of the agreement, MassRoots shall pay
Chardan a non-refundable retainer of 200,000 common shares and pay a commission equal to: (a) an aggregate cash fee equal to four
percent (4%) of the gross proceeds received from the sale of common stock; and (b) an aggregate restricted stock fee equal to
eight percent (8.0%) of the aggregate number of shares of common stock sold in the offering. These shares had not been issued
as of March 31, 2015 and were recorded as common stock to be issued.</P>

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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">From January 1 to March 31, 2015, the Company issued 230,000 share
of common stock to five employees and consultants under our 2014 Employee Stock Option Program. These shares had not been issued
as of March 31, 2015 and were recorded as common stock to be issued.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">From January 1 to March 31, 2015,
the Company issued 1,048,000 share of common stock that was accounted for as common stock to be issued as of December 31, 2014.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE
8 &#9;<U>STOCK WARRANTS</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 24, 2014, the Company issued warrants to a third
party for the purchase of 4,050,000 and 2,375,000 shares of common stock, at an exercise price of $0.001 and $0.40 per share,
respectively. The warrants may be exercised any time after issuance through and including the third (3<SUP>rd</SUP>)
anniversary of its original issuance. The Company recorded an expense of $555,598 equal to the estimated fair value of the
warrants at the date of grants. The fair market value was calculated using the Black-Scholes options pricing model, assuming
approximately 0.75% risk-free interest, 0% dividend yield, 150% volatility, and expected life of 3 years.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 24, 2014, in connection to
the issuance of convertible debentures of $269,100 to certain investors, which are convertible into shares of the Company&#8217;s
common stock at $0.10 per share, the Company granted to the same investors three&#8722;year warrants to purchase an aggregate
of up to 1,345,500 shares of the Company&#8217;s common stock at $0.4 per share. The warrants may be exercised any time after
the issuance through and including the third (3<SUP>rd</SUP>) anniversary of its original issuance.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 24, 2014, in connection to
the issuance of 2,059,000 shares of common stock, the Company granted to the same investors three&#8722;year warrants to purchase
an aggregate of 1,029,500 shares of the Company&#8217;s common stock at $0.4 per share. The warrants may be exercised any time
after the issuance through and including the third (3<SUP>rd</SUP>) anniversary of its original issuance. The warrants have a
fair market value of $66,712. The fair market value was calculated using the Black-Scholes options pricing model, assuming approximately
0.75% risk-free interest, 0% dividend yield, 150% volatility, and expected life of 3 years. See Note 4 for further discussion.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">During the four months ended December
31, 2014, in connection to the sale of 1,048,000 shares of common stock, the Company granted to the same investors three&#8722;year
warrants to purchase an aggregate of 524,000 shares of the Company&#8217;s common stock at $1.00 per share. The warrants may be
exercised any time after the issuance through and including the third (3<SUP>rd</SUP>) anniversary of its original issuance. The
warrants have a fair market value of <B>$</B>42,650. The fair market value was calculated using the Black-Scholes options pricing
model, assuming approximately 1% risk-free interest, 0% dividend yield, 150% volatility, and expected life of 3 years. See Note
4 for further discussion.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">During the three months ended March
31, 2015, in connection to the sale of 684,000 shares of common stock, the Company granted to the same investors three&#8722;year
warrants to purchase an aggregate of 342,000 shares of the Company&#8217;s common stock at $1.00 per share. The warrants may be
exercised any time after the issuance through and including the third (3<SUP>rd</SUP>) anniversary of its original issuance. The
warrants have a fair market value of $125,708. The fair market value was calculated using the Black-Scholes options pricing model,
assuming approximately 1% risk-free interest, 0% dividend yield, 150% volatility, and expected life of 3 years. See Note 4 for
further discussion.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On February 27, 2015, , the Company
sold warrants for a nominal amount to purchase 100,000 shares of common stock at $0.50 per share to certain service providers.</P>

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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Stock warrants outstanding and exercisable on March 31, 2015 are
as follows:</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&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: bottom">
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: middle">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">Exercise Price per Share</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">Shares Under Warrants</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">Remaining Life in Years</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255); font-weight: bold">
    <TD STYLE="text-align: left; vertical-align: middle">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: middle">Outstanding</TD><TD STYLE="text-align: left; vertical-align: middle">&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: center; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 1%; text-align: left; vertical-align: middle">&nbsp;</TD><TD STYLE="width: 27%; text-align: left; vertical-align: middle">&nbsp;</TD><TD STYLE="width: 1%; text-align: left; vertical-align: middle">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 20%; text-align: right">0.001</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 20%; text-align: right">4,050,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="text-align: center; width: 21%; vertical-align: bottom">2</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: middle">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: middle">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: middle">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.4</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,750,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">2</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; vertical-align: middle">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: middle">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: middle">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">100,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">5</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: middle">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: middle">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: middle">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">866,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">3</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; vertical-align: middle">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: middle">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: middle">&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: center; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: middle">&nbsp;</TD><TD STYLE="text-align: left; font-weight: bold; vertical-align: middle">Exercisable</TD><TD STYLE="text-align: left; vertical-align: middle">&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: center; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; vertical-align: middle">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: middle">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: middle">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.001</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,050,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">2</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: middle">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: middle">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: middle">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.4</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,750,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">2</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; vertical-align: middle">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: middle">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: middle">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">100,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">5</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: middle">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: middle">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: middle">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">866,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">3</TD></TR>
</TABLE>




<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">No other stock warrants have been
issued or exercised during the three months ended March 31, 2015.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE
9 &#9;<U>EMPLOYEE STOCK OPTION PROGRAM</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">In June&nbsp;2014, our shareholders
approved our 2014 Equity Incentive Plan (&#8220;2014 Plan&#8221;), which provides for the grant of incentive stock options to
our employees and our parent and subsidiary corporations' employees, and for the grant of nonstatutory stock options, stock bonus
awards, restricted stock awards, performance stock awards and other forms of stock compensation to our employees, including officers,
consultants and directors. A total of 4 million shares of common stock are reserved for issuance under our 2014 Plan.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On June 4, 2014, the Company granted
options to purchase 750,000 shares at $0.10 per share to Vincent &#8220;Tripp&#8221; Keber for his services on the Company&#8217;s
Board of Directors for 3 years. Under the terms of the grant, 250,000 shares shall begin vesting on October 1, 2014 such that
20,833 shares shall vest on the first of every month except for every three months, when 20,834 shares shall vest. An additional
250,000 shares shall begin vesting the later of: October 1, 2015 or the Company reaching 830,000 users such that 20,833 shares
shall vest on the first of every month except for every three months, when 20,834 shares shall vest. An additional 250,000 shares
shall vest immediately upon the later of: October 1, 2016 or the Company reaching 1,080,000 users. These options were issued in
exchange for his services on the Company&#8217;s Board of Directors for 3 years. The options may be exercised any time after the
issuance through and including the tenth (10<SUP>th</SUP>) anniversary of its original issuance. The options have a fair market
value of $73,836. The fair market value was calculated using the Black-Scholes options pricing model, assuming approximately 2.61%
risk-free interest, 0% dividend yield, 150% volatility, and expected life of 10 years. During the quarter ended March 31, 2015,
$6,069 was amortized.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On June 4, 2014, the Company granted options to purchase
750,000 shares at $0.10 per share to Ean Seeb for his services on the Company&#8217;s Board of Directors for 3 years. Under
the terms of the grant, 250,000 shares shall begin vesting on October 1, 2014 such that 20,833 shares vest on the first of
every month except for every three months, when 20,834 shares shall vest. An additional 250,000 shares shall begin vesting
the later of: October 1, 2015 or the Company reaching 830,000 users such that 20,833 shares shall vest on the first of every
month except for every three months, when 20,834 shares shall vest. An additional 250,000 shares shall vest immediately upon
the later of: October 1, 2016 or the Company reaching 1,080,000 users. These options were issued in exchange for his services
on the Company&#8217;s Board of Directors for 3 years. The options may be exercised any time after the issuance through and
including the tenth (10<SUP>th</SUP>) anniversary of its original issuance. The options have a fair market value of $73,836.
The fair market value was calculated using the Black-Scholes options pricing model, assuming approximately 2.61% risk-free
interest, 0% dividend yield, 150% volatility, and expected life of 10 years. During the quarter ended March 31, 2015, $6,069
was amortized.</P>

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    <!-- Field: /Page -->

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On June 4, 2014, the Company granted options to purchase 550,000
shares at $0.10 per share to Sebastian Stant for his services as the Company&#8217;s Lead Web Developer for 1 year. Under the
terms of the grant, 250,000 shares shall vest immediately upon the Company reaching 250,000 users. An additional 150,000 shares
shall vest immediately upon the Company reaching 500,000 users. An additional 150,000 shares shall vest immediately upon the Company
reaching 750,000 users. The options were issued in exchange for his services as the Company&#8217;s Lead Web Developer for 1 year.
The options may be exercised any time after the issuance through and including the tenth (10<SUP>th</SUP>) anniversary of its
original issuance. The options have a fair market value of $54,146. The fair market value was calculated using the Black-Scholes
options pricing model, assuming approximately 2.61% risk-free interest, 0% dividend yield, 150% volatility, and expected life
of 10 years. During the quarter ended March 31, 2015, $6,164 was amortized.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 9, 2015, Sebastian Stant
resigned his position as Lead Developer of MassRoots and surrendered 350,000 options with a strike price of $0.10 back to the
2014 Plan.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">From January 1 to March 31, 2015,
the Company granted 230,000 shares and options to purchase 1,065,000 shares at $0.50 per share to 20 employees and consultants
of the Company, with most vesting monthly over the course of one year. The fair market value of the options are $523,991.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Stock options outstanding
        and exercisable on March 31, 2015 are as follows:</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&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; background-color: White; font-weight: bold; vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">Exercise Price per Share</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">Shares Under Options</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">Remaining 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: left; font-weight: bold">Outstanding</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: center; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 27%; text-align: right">&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 23%; text-align: right">0.10</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 20%; text-align: right">1,750,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom; width: 21%">10</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.50</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,065,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">10</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <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>&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&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: left; font-weight: bold">Exercisable</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>&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <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">$</TD><TD STYLE="text-align: right">0.10</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">583,382</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">10</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.50</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">332,495</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">10</TD></TR>
</TABLE>


<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">No other stock options have been issued
or exercised during the three months ended March 31, 2015.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 10&#9;<U>GOING CONCERN AND UNCERTAINTY</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company has suffered losses from operations since
inception. In addition, the Company has yet to generate an internal cash flow from its business operations. These factors
raise substantial doubt as to the ability of the Company to continue as a going concern.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Management&#8217;s plans with regard
to these matters encompass the following actions: 1) obtain funding from new investors to alleviate the Company&#8217;s working
deficiency, and 2) implement a plan to generate sales. The Company&#8217;s continued existence is dependent upon its ability to
translate its vast user base into sales. However, the outcome of management&#8217;s plans cannot be ascertained with any degree
of certainty. The accompanying financial statements do not include any adjustments that might result from the outcome of these
risks and uncertainties.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 11 &#9;<U>SIGNIFICANT EVENTS</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On January 1, 2015, MassRoots
amended its employment contract with Tyler Knight. For his services as Chief Marketing Officer, Mr. Knight shall be compensated
five thousand dollars ($5,000) per month. The employment contract is &#8220;at-will&#8221; and may be terminated by the Company
or Mr. Knight with or without cause with one (1) month&#8217;s written notice. No retirement plan, health insurance or employee
benefits program was awarded to Mr. Knight and he serves at the direction of the Chief Executive Officer and Board of Directors.</P>

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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 3, 2015, MassRoots entered into an investment banking
relationship with Chardan Capital Markets, LLC. Under the terms of the agreement, MassRoots shall pay Chardan a non-refundable
retainer of 200,000 common shares and pay a commission equal to: (a) an aggregate cash fee equal to four percent (4%) of the gross
proceeds received from the sale of the Stock; and (b) an aggregate restricted stock fee equal to eight percent (8.0%) of the aggregate
number of shares of Stock sold in the offering.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>



<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 9, 2015, Sebastian Stant resigned his position as Lead
Developer of MassRoots and surrendered 350,000 options with a strike price of $0.10 back to the 2014 Employee Incentive Plan.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 9, 2015 MassRoots entered
into an employment contract with Alan Janis. For his services as Director of Technology, Mr. Janis shall be compensated one hundred
thirty thousand dollars ($130,000) per year. The employment contract is &#8220;at-will&#8221; and may be terminated by Company
or Mr. Janis with or without cause with one (1) month&#8217;s written notice. No retirement plan, health insurance or employee
benefits program was awarded to Mr. Janis and he serves at the discretion of the Board of Directors.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 31, 2015, MassRoots amended
its employment contract with Isaac Dietrich. For his services as Chief Executive Officer, Mr. Dietrich shall be compensated seven
thousand five hundred dollars ($7,500) per month, effective April 1, 2015. The employment contract is &#8220;at-will&#8221; and
may be terminated by Company or Mr. Dietrich with or without cause with one (1) month&#8217;s written notice. No retirement plan,
health insurance or employee benefits program was awarded to Mr. Dietrich and he serves at the direction of the Board of Directors.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 31, 2015, MassRoots amended its employment contract
with Hyler Fortier. For her services as Chief Operating Officer, Ms. Fortier shall be compensated five thousand dollars
($5,000) per month, effective April 1, 2015. The employment contract is &#8220;at-will&#8221; and may be terminated by the
Company or Ms. Fortier with or without cause with one (1) month&#8217;s written notice. No retirement plan, health insurance
or employee benefits program was awarded to Ms. Fortier and she serves at the direction of the Board of Directors.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">From January 1, 2015 to March 11,
2015, we sold $342,000 of our securities to certain accredited and non-accredited investors consisting of 648,000 shares of our
common stock at $0.50 per share, with a warrant, exercisable into an amount of our common stock equal to fifty percent (50%) of
the common stock purchased, at $1.00 per share. On March 11, 2015 this offering was terminated per the Company&#8217;s Board of
Directors.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On January 14, 2015, the Company
issued 1,508,000 shares of common stock to investors who had purchased the shares at $0.50 per share from September 15, 2014 to
January 9, 2015.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 20, 2015, we executed
a lease with RVOF Market Center, LLC to rent 3,552 square feet of office space at 1624 Market Street, Suite 201, Denver, CO 80202
for a term of 37 months, under which the Company will pay a base rate of $0 for the first month, $8,288 for months two through
13, $8,584.00 for the months 14 through 25, and $8,880.00 for the months 25 through 37. We took possession of this space on April
10, 2015 and did not incur any significant relocation costs.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 12&#9;<U>SUBSEQUENT EVENTS</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">From April 1, 2015 through April 17,
2015, the Company completed an offering of 960,933 restricted shares of the Company&#8217;s common stock, par value $0.001 per
share to certain accredited and unaccredited investors. The shares were offered pursuant to subscription agreements with each
investor for aggregate gross proceeds to the Company of $576,200. The Company compensated Chardan Capital $20,000 cash and 262,560
shares of common stock as commission for this placement.</P>

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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">From April 1, 2015 to May 10, 2015, the Company issued 3,020,828
shares of common stock: 200,000 shares for the conversion of a debenture with a face value of $20,000 at $0.10 per share, 224,000
shares to the $0.50 round investors from January to March 2015, 1,110,337 shares to the $0.60 round investors during April 2015
(an extra 150,000 shares were inadvertently issued and are in the process of being rescinded), 262,650 shares to Chardan Capital
for placement agent services, 936,341 shares for the exercise of $0.001 warrants, and 287,500 shares for the exercise of the $0.40
financing warrants.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On April 28, 2015, the Company entered
into a consulting agreement with Torrey Hills Capital. Under the terms of the agreement, Torrey Hills Capital is to receive 75,000
shares of common stock and $5,000 per month for setting-up non-deal roadshows for the Company.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">From April 1, 2015 to May 10, 2015,
the Company received $115,000 from the exercise of the Company&#8217;s $0.40 warrants and issued 287,500 shares to the investors.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On May 12, 2015, the Company entered into a consulting agreement
with Caro Capital. Under the terms of the agreement, Caro Capital is to receive 200,000 shares of common stock for a purchase
price of $200 and $2,000 per month for setting-up non-deal roadshows for the Company for a period of one year.&#9;</P>


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<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0; font-weight: bold"><A NAME="a_021"></A>June 30, 2015</P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0; font-weight: bold">FINANCIAL STATEMENTS</P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0; font-weight: bold">(Unaudited)</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></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: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">Page</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font-weight: bold">
    <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: 70%">Balance Sheets as of December 31, 2014 and June 30, 2015 (Unaudited)</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 18%; text-align: right">100</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Statements of Operations for the 3 and 6 Months Ended June 30, 2015 and 2014 (Unaudited)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">101</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">Statements of Cash Flows for the 6 Months Ended June 30, 2015 and 2014 (Unaudited)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">102</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Notes to Financial Statements (Unaudited)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">103</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>


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<P STYLE="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; font-weight: bold; font-size: 9pt">
    <TD COLSPAN="9" STYLE="text-align: center">MASSROOTS, INC.</TD></TR>
<TR STYLE="vertical-align: bottom; font-weight: bold; font-size: 9pt">
    <TD COLSPAN="9" STYLE="text-align: center">BALANCE SHEETS</TD></TR>
<TR STYLE="vertical-align: bottom; font-weight: bold; font-size: 9pt">
    <TD COLSPAN="9" STYLE="text-align: center; border-bottom: Black 2.5pt double">AS OF JUNE 30, 2015 AND DECEMBER 31, 2014</TD></TR>
<TR STYLE="vertical-align: bottom; font-weight: bold; font-size: 9pt">
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Jun 30, 2015</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Dec 31, 2014</TD></TR>
<TR STYLE="vertical-align: bottom; font-weight: bold; font-size: 9pt">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">(UNAUDITED)</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">(AUDITED)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255); font-weight: bold">
    <TD STYLE="text-align: left">ASSETS</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: center">&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">CURRENT ASSETS</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: 72%">&nbsp;&nbsp;&nbsp;Cash</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">171,363</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">141,928</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;&nbsp;&nbsp;Other receivables</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">70</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,201</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;&nbsp;&nbsp;Prepaid 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">979,925</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">130,797</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">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TOTAL CURRENT ASSETS</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">1,151,358</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">283,926</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</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></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">FIXED ASSETS</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">&nbsp;&nbsp;&nbsp;Computer and office equipment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">54,347</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,189</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">&nbsp;&nbsp;&nbsp;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">(6,121</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">(2,027</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: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NET FIXED ASSETS</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">48,226</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">14,162</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>&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">OTHER ASSETS</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">&nbsp;&nbsp;&nbsp;Prepaid expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">65,891</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">65,891</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;&nbsp;&nbsp;Investment in Flowhub</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">0</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">&nbsp;&nbsp;&nbsp;Deposits</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">35,352</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">2,550</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">Total Other Assets</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">276,243</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">68,441</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>&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">TOTAL ASSETS</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">1,475,827</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">366,529</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>&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">LIABILITIES AND STOCKHOLDERS' EQUITY</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>&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">CURRENT 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">&nbsp;&nbsp;&nbsp;Accounts Payable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">69,599</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25,842</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;&nbsp;&nbsp;Accrued expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25,695</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,917</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;&nbsp;&nbsp;Accrued payroll tax</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">1,778</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;&nbsp;&nbsp;Derivative liabilities</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">1,155,199</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">1,099,707</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">TOTAL CURRENT LIABILITIES</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">1,250,493</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">1,151,244</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</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></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>LONG-TERM LIABILITY</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: 1pt; padding-left: 10pt">Convertible debentures, net of $56,670 and $107,016 discount, respectively</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">152,430</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">162,084</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">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TOTAL LIABILITIES</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">1,402,923</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">1,313,328</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</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></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">STOCKHOLDERS' EQUITY</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: 15px">Common stock, $0.001 par value, 200,000,000 shares authorized; 38,909,000
    and 0 shares issued and outstanding</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">44,505</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">38,909</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: 15px">Preferred series A Stock to be issued</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; padding-left: 15px">Common stock to be issued</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">857</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,048</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: 15px">Common stock - warrants</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">&nbsp;&nbsp;&nbsp;Additional paid in capital</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,534,973</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,372,867</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;&nbsp;&nbsp;Common stock subscription receivable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(80,000</TD><TD STYLE="text-align: left">)</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; padding-bottom: 1pt">&nbsp;&nbsp;Deficit accumulated through the development stage</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">(5,427,431</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">(3,359,623</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">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TOTAL STOCKHOLDERS' EQUITY</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">72,904</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">(946,799</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></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY</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">1,475,827</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">366,529</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</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></TR>
<TR STYLE="text-align: center; background-color: rgb(204,238,255); vertical-align: bottom">
    <TD COLSPAN="9">The accompanying notes are an integral part of these financial statements.</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; font-weight: bold">
    <TD COLSPAN="17" STYLE="text-align: center">MASSROOTS, INC.</TD></TR>
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD COLSPAN="17" STYLE="text-align: center">STATEMENT OF OPERATIONS</TD></TR>
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD COLSPAN="17" STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">FOR THE 3 MONTHS ENDED JUNE 30, 2015</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">FOR THE 3 MONTHS ENDED JUNE 30, 2014</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">FOR THE 6 MONTHS ENDED JUNE 30, 2015</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">FOR THE 6 MONTHS ENDED JUNE 30, 2014</TD></TR>
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">(UNAUDITED)</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">(UNAUDITED)</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">(UNAUDITED)</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">(UNAUDITED)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255); font-weight: bold">
    <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: White">
    <TD STYLE="width: 48%; text-align: left">ADVERTISING REVENUE</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">2,126</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">744</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">3,066</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">1,739</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</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><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: 1pt">COST OF GOODS SOLD</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">&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">&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">&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">690</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</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><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: 1pt">GROSS PROFIT</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">2,126</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">744</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">3,066</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">1,049</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</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><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">GENERAL AND ADMINISTRATIVE EXPENSES:</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>Advertising</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">208,830</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,426</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">263,119</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">80,930</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Depreciation</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,997</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">396</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,094</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">628</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">Independent contractor expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">67,961</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">37,660</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">133,950</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59,728</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Legal expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">70,080</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">115,375</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">86,005</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">124,575</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">Accounting and Consulting</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">121,723</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,662</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">147,654</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,662</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Payroll and related expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">359,440</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">54,082</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">522,370</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">86,990</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">Common stock issued for services</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">254,388</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,612</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">368,100</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,612</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Options issued for services</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">266,562</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,363</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">313,571</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,363</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">Warrants issued for services</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">22,579</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><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">26,411</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">555,598</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Travel and related expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">46,443</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><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">66,611</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,140</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 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">72,128</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">21,301</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">126,998</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">51,158</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: 1pt">Total 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">1,493,131</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">301,877</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">2,058,883</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">983,384</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: right">&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: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">(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">(1,491,005</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">(301,133</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">(2,055,817</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">(982,335</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: right">&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: White">
    <TD STYLE="text-align: left">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><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">Change in derivative liabilities</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><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">42,737</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">Interest expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,091</TD><TD STYLE="text-align: left">)</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">(4,381</TD><TD STYLE="text-align: left">)</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: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Amortization of discount on notes payable</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">(24,201</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">(16,418</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">(50,347</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">(17,681</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right">&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">INCOME (LOSS) BEFORE INCOME TAXES</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">(1,517,297</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">(317,551</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">(2,067,808</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">(1,000,016</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">PROVISION FOR INCOME TAXES</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><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="padding-bottom: 1pt">&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><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: 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">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(1,517,297</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(317,551</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">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(2,067,808</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(1,000,016</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">Basic and fully diluted net income (loss) per common share:</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(0.03</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">N/A</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(0.05</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">N/A</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</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: 2.5pt">Weighted average common shares outstanding</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">43,535,697</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">N/A</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">41,972,190</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">N/A</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</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="text-align: center; background-color: rgb(204,238,255); vertical-align: bottom">
    <TD COLSPAN="17">The accompanying notes are an integral part of these financial statements.</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; font-weight: bold">
    <TD COLSPAN="9" STYLE="text-align: center">MASSROOTS, INC.</TD></TR>
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD COLSPAN="9" STYLE="text-align: center">STATEMENT OF CASHFLOWS</TD></TR>
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD COLSPAN="9" STYLE="text-align: center; border-bottom: Black 2.5pt double">FOR THE 6 MONTHS ENDED JUNE 30, 2015 AND JUNE 30, 2014</TD></TR>
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">FOR THE&nbsp;&nbsp;MONTHS ENDED JUNE 30, 2015&nbsp;&nbsp;&nbsp;(UNAUDITED)</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">FOR THE&nbsp;&nbsp;MONTHS ENDED JUNE 30, 2014&nbsp;&nbsp;&nbsp;(UNAUDITED)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255); font-weight: bold">
    <TD STYLE="text-align: left">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: White">
    <TD STYLE="width: 72%; text-align: left">Net (loss)</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">(2,067,808</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">(1,000,016</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">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">Amortization of discounts on notes payable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,347</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17,681</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Depreciation</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,094</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">628</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Common stock issued for services</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">368,100</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,612</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">Options issued for services</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">313,571</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,363</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Warrants issued for services</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">26,411</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">555,598</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">Change in derivative liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(42,737</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">Imputed Interest expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,381</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">Changes 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">&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">Other receivables</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,131</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">Prepaid expense</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">(451</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Deposit</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(32,802</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">Accounts payable and other liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,911</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">333</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">Accrued payroll tax</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">(2,642</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">(1,846</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">Net Cash (Used in) Operating Activities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,352,043</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(416,098</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right">&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">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">Payments for equipment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(38,158</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6,512</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">Investment in Flowhub</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">(175,000</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></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Net Cash (Used in) Investing Activities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(213,158</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6,512</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right">&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">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: rgb(204,238,255)">
    <TD STYLE="text-align: left">Issuance of convertible Debentures 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">269,100</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Issuance of common stock for cash</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,298,700</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">205,900</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">Warrants Exercised</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">295,936</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="text-align: left">Net Cash Provided by Financing Activities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,594,636</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">475,000</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">&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="text-align: left">NET INCREASE IN CASH</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">29,435</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">52,390</TD><TD STYLE="text-align: left">&nbsp;</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>CASH AT BEGINNING OF PERIOD</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">141,928</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">80,479</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">&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="text-align: left; padding-bottom: 2.5pt">CASH AT END OF YEAR</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">171,363</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">132,869</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>&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">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: rgb(204,238,255)">
    <TD STYLE="text-align: left">Common stock, Warrants, and Options issued as prepaid expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">849,128</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Repayment of short term borrowing - related party through issuance of preferred stock</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">849,128</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</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</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></TR>
<TR STYLE="text-align: center; background-color: rgb(204,238,255); vertical-align: bottom">
    <TD COLSPAN="9">The report on the financial statements and accompanying notes are an integral part of these financial statements.</TD></TR></TABLE>


<P STYLE="font: 10pt Times New (W1); margin: 0"></P>

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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0; font-weight: bold">MassRoots, Inc.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0; font-weight: bold">Notes to Financial Statements</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0; font-weight: bold">June 30, 2015</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0; font-weight: bold">(Unaudited)</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 1 - <U>SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">MassRoots, Inc. (the &#8220;Company&#8221;) is a social network
for the cannabis community. Through its mobile applications, systems and websites, MassRoots enables people to share their cannabis-related
content and for businesses to connect with those consumers. The Company was incorporated in the State of Delaware on April 24,
2013.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company&#8217;s primary focus during the first two quarters
of 2015 was increasing our userbase from around 275,000 to 420,000 users.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company has not focused on generating revenue to date.
However, the primary source of revenue generated to date is advertising from businesses, brands and non-profits. Its secondary
source of income is merchandise sales.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Basis of Presentation</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The financial statements include the accounts of MassRoots,
Inc. under the accrual basis of accounting.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Management&#8217;s Use of Estimates</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The preparation of financial statements in conformity with
accounting principles generally accepted in the United States of America requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of
revenues and expenses during the reporting periods. Actual results could differ from those estimates. The financial statements
above reflect all of the costs of doing business.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Deferred Taxes</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company accounts for income taxes under Section 740-10-30
of the FASB Accounting Standards Codification. Deferred income tax assets and liabilities are determined based upon differences
between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws
that will be in effect when 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 statements of operations in the period that includes the enactment date.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Cash and Cash Equivalents</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">For purposes of the Statement of Cash Flows, the Company
considers highly liquid investments with an original maturity of three months or less to be cash equivalents.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Revenue Recognition</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company applies paragraph 605-10-S99-1 of the FASB Accounting
Standards Codification for revenue recognition. The Company recognizes revenue when services are realized or realizable and earned
less estimated future doubtful accounts. The Company considers revenue realized or realizable and earned when all of the following
criteria are met:</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<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: 15pt; text-align: right">(i)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">persuasive evidence of an arrangement exists,</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(ii)</TD><TD></TD><TD STYLE="text-align: justify">the services have been rendered and all required milestones achieved,</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(iii)</TD><TD></TD><TD STYLE="text-align: justify">the sales price is fixed or determinable, and</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(iv)</TD><TD></TD><TD STYLE="text-align: justify">Collectability is reasonably assured.</TD>
</TR></TABLE>


<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">MassRoots primarily generates revenue by charging businesses
to advertise on the network. MassRoots has the ability to target advertisements directly to a clients&#8217; target audience,
based on their location, on their mobile devices. All advertising services take between a few hours to up to one month to complete,
unless otherwise noted.</P>

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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">MassRoots&#8217; secondary source of income is merchandise sales.
The objective with the sales is not to generate large profit margins, but to help offset the cost of marketing. Each t-shirt,
sticker and jar MassRoots sells will likely lead to more downloads and active users.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Cost of Sales</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company&#8217;s policy is to recognize cost of sales
in the same manner in conjunction with revenue recognition, when the costs are incurred. Cost of sales includes the costs directly
attributable to revenue recognition. Selling, general and administrative expenses are charged to expense as incurred.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Comprehensive Income (Loss)</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company reports comprehensive income and its components
following guidance set forth by section 220-10 of the FASB Accounting Standards Codification which establishes standards for the
reporting and display of comprehensive income and its components in the financial statements. There were no items of comprehensive
income (loss) applicable to the Company during the periods covered in the financial statements.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Loss Per Share</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Net loss per common share is computed pursuant to section
260-10-45 of the FASB Accounting Standards Codification. Basic net loss per share is computed by dividing net loss by the weighted
average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net
loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Risk and Uncertainties</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company is subject to risks common to emerging companies
in the technology and cannabis industries, including, but not limited to, the uncertain governmental regulation of cannabis, the
development of new technological innovations, potential lack of funding needed to reach our business goals and dependence on key
personnel.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Convertible Debentures</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">If the conversion features of conventional convertible debt
provides for a rate of conversion that is below market value at issuance, this feature is characterized as a beneficial conversion
feature (&#8220;BCF&#8221;). A BCF is recorded by the Company as a debt discount pursuant to ASC Topic 470-20 &#8220;Debt with
Conversion and Other Options.&#8221; In those circumstances, the convertible debt is recorded net of the discount related to the
BCF, and the Company amortizes the discount to interest expense, over the life of the debt using the effective interest method.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><I>&nbsp;</I></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Stock-Based Compensation</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company accounts for stock-based compensation using the
fair value method following the guidance set forth in section 718-10 of the FASB Accounting Standards Codification for disclosure
about Stock-Based Compensation. This section requires a public entity to measure the cost of employee services received in exchange
for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). That cost will be
recognized over the period during which an employee is required to provide service in exchange for the award- the requisite service
period (usually the vesting period). No compensation cost is recognized for equity instruments for which employees do not render
the requisite service.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Fair Value for Financial Assets and Financial Liabilities</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company follows paragraph 825-10-50-10 of the FASB Accounting
Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting
Standards Codification (&#8220;Paragraph 820-10-35-37&#8221;) to measure the fair value of its financial instruments. Paragraph
820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States
of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair
value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs
to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority
to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs.
The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:</P>

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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"></P>

<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: 6%; text-align: right">Level 1</TD><TD STYLE="width: 1%"></TD><TD STYLE="text-align: justify; width: 93%">Quoted market prices available in active markets for identical assets or
liabilities as of the reporting date.</TD>
</TR>     <TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">Level 2</TD><TD></TD><TD STYLE="text-align: justify">Pricing inputs other than quoted prices in active markets included in Level
1, which are either directly or indirectly observable as of the reporting date.</TD>
</TR>     <TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">Level 3</TD><TD></TD><TD STYLE="text-align: justify">Pricing inputs that are generally observable inputs and not corroborated
by market data.</TD>
</TR></TABLE>


<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Our financial instruments include cash, accounts receivable,
prepaid expense, investment in Flowhub, deposit, accounts payable, accrued liabilities, convertible note payable, and derivative
liabilities.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The carrying values of the Company's cash, prepaid expense,
investment in Flowhub, deposit, accrued liabilities approximate their fair value due to their short-term nature. The Company's
convertible notes payable are measured at amortized cost.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The derivative liabilities are stated at their fair value
as a Level 3 measurement. The Company used a Black-Scholes model to determine the fair values of these derivative liabilities.
See Note 4 for the Company's assumptions used in determining the fair value of these financial instruments.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Embedded Conversion Features</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company evaluates embedded conversion features within
convertible debt under ASC 815 &#8220;Derivatives and Hedging&#8221; 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 &#8220;Debt with Conversion and Other Options&#8221; for consideration of any beneficial conversion feature.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Derivative Financial Instruments</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">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-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">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-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Beneficial Conversion Feature</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">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="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">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="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><U>Recent Accounting Pronouncements </U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">In June 2014, the FASB issued ASU 2014-10, Development Stage Entities
(Topic 915): Elimination of Certain Financial Reporting Requirements. ASU 2014-10 eliminates the distinction of a development
stage entity and certain related disclosure requirements, including the elimination of inception-to-date information on the statements
of operations, cash flows and stockholders' equity. The amendments in ASU 2014-10 will be effective prospectively for annual reporting
periods beginning after December 15, 2014, and interim periods within those annual periods, however early adoption is permitted
for financial statements not yet issued. The Company adopted ASU 2014-10 during the fourth quarter of 2014, thereby no longer
presenting or disclosing any information required by Topic 915. The Company has reviewed all recently issued, but not yet effective,
accounting pronouncements up to ASU 2015-10, and does not believe the future adoption of any such pronouncements may be expected
to cause a material impact on its financial condition or the results of its operations.</P>

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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 2 - <U>FIXED ASSETS</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Fixed assets were comprised of the following as of June 30,
2015 and December 31, 2014. Depreciation is calculated using the straight-line method over a 5 year period.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&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: bottom">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">December 31, 2014</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">June 30, 2015</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font-weight: bold">
    <TD STYLE="text-align: justify">Cost:</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: 56%; text-align: justify">Computers</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 18%; text-align: right">12,134</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: 18%; text-align: right">31,033</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Office equipment</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">4,055</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">23,314</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: justify">Total</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,189</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">54,347</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">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">2,027</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">6,121</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: justify; padding-bottom: 1pt">Property and equipment, 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">14,162</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">1,294</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 3 - <U>PREPAID EXPENSE</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">During the first quarter 2015, the Company issued 430,000
shares of its common stock, 100,000 warrants and 1,065,000 options in exchange for services, valued in the aggregate at $782,695.
The $782,695 is being charged to operations over a one-year term.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On April 28, 2015, the Company entered into a consulting
agreement with Torrey Hills Capital. Under the terms of the agreement, Torrey Hills Capital is to receive 75,000 shares of common
stock and $5,000 per month for setting-up non-deal roadshows for the Company. The service period is 4 months.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On May 12, 2015, the Company entered into a consulting agreement
with Caro Capital. Under the terms of the agreement, Caro is to receive 200,000 shares of common stock and $2,000 per month for
setting-up non-deal roadshows for the Company for a period of one year.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On June 15, 2015, the Company entered into a consulting agreement
with Demeter Capital. Under the terms of the agreement, Demeter Capital is to receive 100,000 shares of common stock for introductions
to investors. The service period is 6 months.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On June 4, 2014, the Company issued a total of 850,000 shares
of its common stock and 2,050,000 options in exchange for consulting services, valued in the aggregate at $286,818. The $286,818
is being charged to operations over a three-year term.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Compensation from equity issuances charged to operations
during the six months ended June 30, 2015 and June 30, 2014 was $708,082 and $567,573, respectively. The expense related to the
amortization of prepaid expense is $593,939. The unamortized balance at June 30, 2015 and at December 31, 2014 was $1,045,816
and $196,688, respectively.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 4 - <U>DERIVATIVE LIABILITIES</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company had previously identified conversion features
embedded within warrants received in connection with the issuance of convertible debt and, separately, within warrants received
in connection with the issuance of common stock. 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="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">During the second quarter of 2015, the Company and the holders
of warrants previously issued as part of our offering in March 2014 with an exercise price of $0.40 agreed to amend the warrants
to remove the ratchet provision. This reduced the Company&#8217;s derivative liability by $835,593 and increased additional paid
in capital by the same amount.</P>

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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">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:</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: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">Warrants with Convertible Debt</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">Warrants with Issuance of Common Stock</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">Warrants Issued For Services</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">Total</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font-weight: bold">
    <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><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: 49%; text-align: justify; padding-left: 0pt; font-weight: bold">Fair value at the commitment date</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 11%; text-align: right">87,189</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">259,278</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">0</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 7%; text-align: right">346,467</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt; padding-left: 0pt">Fair value mark to market adjustment</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">429,948</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">323,293</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">753,241</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: justify; padding-bottom: 2.5pt; padding-left: 0pt">Balances as of December 31, 2014</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">517,137</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">582,571</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</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">1,099,708</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: justify; padding-left: 0pt; font-weight: bold">Fair value at the commitment date - in first quarter 2015</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">125,708</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><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">43,704</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">169,412</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-bottom: 1pt; padding-left: 0pt">Fair value mark to market adjustment</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">(24,677</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">(17,841</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">(219</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">(42,737</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 2.5pt; padding-left: 0pt">Balances as of March 31, 2015</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">618,168</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">564,730</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">43,485</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">1,226,383</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: justify; padding-left: 0pt; font-weight: bold">Fair value at the commitment date - in second quarter 2015</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">51,378</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">51,378</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt; padding-left: -10pt">Reclassified to additional paid-in capital due to amendment of agreements.</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">(618,168</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">(273,161</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">(835,593</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: justify; padding-bottom: 2.5pt; padding-left: 0pt; font-weight: bold">Balances as of June 30, 2015</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">0</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">291,569</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">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">94,863</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">386,432</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The fair value at the commitment and re-measurement dates
for the Company&#8217;s derivative liabilities were based upon the following management assumptions as of June 30, 2015:</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&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: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">Commitment Date</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">Remeasurement Date</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 56%; text-align: justify">&nbsp;Expected dividends</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 18%; text-align: center; vertical-align: bottom">0%</TD><TD STYLE="width: 1%; text-align: center; vertical-align: bottom"></TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 18%; text-align: center; vertical-align: bottom">0%</TD><TD STYLE="width: 1%; text-align: center; vertical-align: bottom"></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify">&nbsp;Expected volatility</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">150%</TD><TD STYLE="text-align: center; vertical-align: bottom"></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">150%</TD><TD STYLE="text-align: center; vertical-align: bottom"></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">&nbsp;Expected term</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;3-5 years&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;1.83 &#8211; 4.70 years&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify">&nbsp;Risk free interest rate</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;0.75% - 1.1%&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">0.89% - 1.35%</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 5 - <U>DEBT DISCOUNT</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company recorded the $174,378 debt discount due to beneficial
conversion feature of $87,189 for the detachable warrants issued with convertible debt, and $87,189 in derivative liabilities
related to the ratchet feature warrants.&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The debt discount was recorded in 2014 and pertains to convertible
debt and warrants issued that contain ratchet features that are required to be bifurcated and reported at fair value.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Debt discount is summarized as follows:</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&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: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">June 30, 2015</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">December 31, 2014</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 56%; text-align: justify; padding-left: 5.4pt">Deb discount on notes payable</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 18%; text-align: right">107,016</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 18%; text-align: right">174,379</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; 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">(50,347</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">(67,363</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: justify; padding-left: 5.4pt; padding-bottom: 2.5pt">Debt discount on notes payable, net</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double">$</TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double">56,669</TD><TD STYLE="text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double">$</TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double">107,016</TD><TD STYLE="text-align: left; padding-bottom: 2.5pt">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Amortization of debt discount on notes payable for the six
months ended June 30, 2015 and June 30, 2014 was $50,347 and $17,681, respectively.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 6 - <U>CONVERTIBLE DEBENTURES</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 24, 2014, the Company issued convertible debentures
to certain accredited investors. The total principal amount of the debentures is $269,100 and matures on March 24, 2016 with a
zero percent interest rate. The debentures are convertible into shares of the Company&#8217;s common stock at $0.10 per share.</P>

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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The debentures were discounted in the amount of $174,378 due to
the intrinsic value of the beneficial conversion option and relative derivative liabilities of the warrants.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>




<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On January 7, 2015, one holder of a convertible debenture
converted $40,000 of principal into 400,000 shares of common stock.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On April 4, 2015, one holder of a convertible debenture converted
$20,000 of principal into 200,000 shares of common stock.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">As of June 30, 2015, the aggregate carrying value of the
debentures was $152,430 net of debt discounts of $56,670, while as of December 31, 2014, the aggregate carrying value of the debentures
was $162,084 net of debt discounts of $107,016.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 7 - <U>CAPITAL STOCK</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company is currently authorized to issue 21 Series A
preferred shares at $1.00 par value per share with 1:1 conversion and voting rights. As of June 30, 2015, there were 0 shares
of Series A preferred shares issued and outstanding.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company is currently authorized to issue 200,000,000
shares of its common stock at $0.001 par value per share. As of June 30, 2015, there were 44,505,238 shares of common stock issued
and outstanding and 857,000 shares of common stock to be issued.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 18, 2014, the Company entered into a Plan of Reorganization
with its shareholders in which the following was effected: (i) on March 21, 2014, the Company&#8217;s Certificate of Incorporation
was amended to allow for the authorization of 200,000,000 shares of the Company&#8217;s common stock; (ii) on March 24, 2014,
each of the Company&#8217;s preferred shareholders converted their shares into common stock on a one for one basis; and (iii)
on March 24, 2014, each of the Company&#8217;s shareholders surrendered their shares of the Company&#8217;s common stock in exchange
for the pro-rata distribution of 36,000,000 newly issued shares of Company&#8217;s common stock, based on the percentage of the
total shares of common stock held by the shareholder immediately prior to the exchange (the &#8220;Exchange&#8221;).</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On January 1, 2014, the Company&#8217;s directors and officers
exercised all of the then outstanding 72.06 stock options and acquired 72.06 shares of common stock at $1 per share. These 72.06
shares of common stock were exchanged for 21,954,160 shares of common stock during the Exchange.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 18, 2014, immediately prior to the Exchange, the
Company converted $4,358 accrued dividends from Series A preferred shares into 0.513 shares of common stock, which was exchanged
for 156,293 shares of common stock during the Exchange.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 24, 2014, the Company issued 2,059,000 shares of
common stock in exchange for $205,900 cash.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On June 4, 2014, the Company issued 250,000 shares of common
stock to Vincent &#8220;Tripp&#8221; Keber valued at $0.10 per share in exchange for his services on the Company&#8217;s Board
of Directors for three years under the 2014 Equity Incentive Plan (&#8220;2014 Plan&#8221;). These shares had a fair market value
of $25,000, of which $2,055 and $4,110 was amortized during the quarter and six months ended June 30, 2015, respectively.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On June 4, 2014, the Company issued 250,000 shares of common
stock under the 2014 Plan to Ean Seeb valued at $0.10 per share in exchange for his services on the Company&#8217;s Board of Directors
for three years. These shares had a fair market value of $25,000, of which $2,055 and $4,110 was amortized during the quarter
and six months ended June 30, 2015, respectively.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On June 4, 2014, the Company issued 250,000 shares of common
stock under the 2014 Plan to Sebastian Stant valued at $0.10 per share in exchange for his services as the Company&#8217;s Lead
Web Developer for one year. These shares had a fair market value of $25,000, of which $4,452 and 10,616 was amortized during the
quarter and six months ended June 30, 2015, respectively.</P>

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    <!-- Field: /Page -->

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On May 1, 2014, the Company issued 100,000 shares of common stock
under the 2014 Plan to Jesus Quintero valued at $0.10 per share in exchange for his services as the Company&#8217;s Chief Financial
Officer for one year. These shares had a fair market value of $10,000, of which $849 and $3,315 was amortized during the quarter
and six months ended June 30, 2015, respectively.</P>




<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">From September 15, 2014 to March 11, 2015, we completed an
offering of $866,000 of our securities to certain accredited and non-accredited investors consisting of 1,732,000 shares of our
common stock at $0.50 per share. As of June 30, 2015, all 1,732,000 shares of common stock had been issued.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 3, 2015, MassRoots entered into an investment banking
relationship with Chardan Capital Markets, LLC. Under the terms of the agreement, MassRoots shall pay Chardan a non-refundable
retainer of 200,000 common shares and pay a commission equal to: (a) an aggregate cash fee equal to four percent (4%) of the gross
proceeds received from the sale of common stock; and (b) an aggregate restricted stock fee equal to eight percent (8.0%) of the
aggregate number of shares of common stock sold in the offering.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">From January 1 to March 31, 2015, the Company issued 230,000
shares of common stock to five employees and consultants under our 2014 Employee Stock Option Program.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">During April 2015, the Company issued 960,335 shares of common
stock in exchange for $576,200 cash.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On April 28, 2015, the Company entered into a consulting
agreement with Torrey Hills Capital. Under the terms of the agreement, Torrey Hills Capital is to receive 75,000 shares of common
stock and $5,000 per month for setting-up non-deal roadshows for the Company.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On May 12, 2015, the Company entered into a consulting agreement
with Caro Capital. Under the terms of the agreement, Caro is to receive 200,000 shares of common stock and $2,000 per month for
setting-up non-deal roadshows for the Company for a period of one year.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On June 15, 2015, the Company entered into a consulting agreement
with Demeter Capital. Under the terms of the agreement, Demeter Capital is to receive 100,000 shares of common stock for consulting
services. The 100,000 shares have not been issued as of June 30, 2015 and were recorded as common stock to be issued.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">In June 2015, the Company signed agreements to issue 607,335
shares of common stock in exchange for $455,500 cash. The 607,335 shares have not been issued as of June 30, 2015 and were recorded
as common stock to be issued.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">During the second quarter of 2015, the Company issued 1,686,341
shares of common stocks and received $300,936 due to the exercise of warrants. As of June 30, 2015, 1,536,341 shares of common
stock had been issued from these exercises. The remaining 150,000 shares have not been issued as of June 30, 2015 and were recorded
as common stock to be issued.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">During the second quarter of 2015, the Company issued 654,050
shares of common stock which previously were classified as common stock to be issued on March 31, 2015.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 8 - <U>STOCK WARRANTS</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 24, 2014, the Company issued warrants to a third
party for the purchase of 4,050,000 and 2,375,000 shares of common stock, at an exercise price of $0.001 and $0.40 per share,
respectively. The warrants may be exercised any time after issuance through and including the third (3<SUP>rd</SUP>) anniversary
of its original issuance. The Company recorded an expense of $555,598 equal to the estimated fair value of the warrants at the
date of grants. The fair market value was calculated using the Black-Scholes options pricing model, assuming approximately 0.75%
risk-free interest, 0% dividend yield, 150% volatility, and expected life of 3 years.</P>

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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 24, 2014, in connection to the issuance of convertible
debentures of $269,100 to certain investors, which are convertible into shares of the Company&#8217;s common stock at $0.10 per
share, the Company granted to the same investors three&#8722;year warrants to purchase an aggregate of up to 1,345,500 shares
of the Company&#8217;s common stock at $0.4 per share. The warrants may be exercised any time after the issuance through and including
the third (3<SUP>rd</SUP>) anniversary of its original issuance.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 24, 2014, in connection to the issuance of
2,059,000 shares of common stock, the Company granted to the same investor three&#8722;year warrants to purchase an aggregate
of 1,029,500 shares of the Company&#8217;s common stock at $0.4 per share. The warrants may be exercised any time after the
issuance through and including the third (3<SUP>rd</SUP>) anniversary of its original issuance. The warrants have a fair
market value of $66,712. The fair market value was calculated using the Black-Scholes options pricing model, assuming
approximately 0.75% risk-free interest, 0% dividend yield, 150% volatility, and expected life of 3 years. See Note 4 for
further discussion.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">During the four months ended December 31, 2014, in connection
to the sale of 1,048,000 shares of common stock, the Company granted to the same investors three&#8722;year warrants to purchase
an aggregate of 524,000 shares of the Company&#8217;s common stock at $1.00 per share. The warrants may be exercised any time
after the issuance through and including the third (3<SUP>rd</SUP>) anniversary of its original issuance. The warrants have a
fair market value of <B>$</B>42,650. The fair market value was calculated using the Black-Scholes options pricing model, assuming
approximately 1% risk-free interest, 0% dividend yield, 150% volatility, and expected life of 3 years. See Note 4 for further
discussion.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">During the three months ended March 31, 2015, in connection
to the sale of 684,000 shares of common stock, the Company granted to the same investors three&#8722;year warrants to purchase
an aggregate of 342,000 shares of the Company&#8217;s common stock at $1.00 per share. The warrants may be exercised any time
after the issuance through and including the third (3<SUP>rd</SUP>) anniversary of its original issuance. The warrants have a
fair market value of $125,708. The fair market value was calculated using the Black-Scholes options pricing model, assuming approximately
1% risk-free interest, 0% dividend yield, 150% volatility, and expected life of 3 years. See Note 4 for further discussion.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On February 27, 2015, the Company sold warrants for a nominal
amount to purchase 100,000 shares of common stock at $0.50 per share to certain service providers.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On April 8, 2015, the Company issued warrants to purchase
50,000 shares of common stock at $0.60 per share to certain service providers.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">From April 1 to June 30, 2015, 750,000 of warrants previously
issued as part of our offering in March 2014 were exercised at an exercise price of $0.40 per share for proceeds of $300,000,
of which $295,000 was received during the second quarter of 2015 and the remaining $5,000 was received during the third quarter
of 2015.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">From April 1 to June 30, 2015, 936,341 warrants previously
issued as part of our offering in March 2014 were exercised at an exercise price of $0.001 per share for proceeds of $936.</P>

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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Stock warrants outstanding and exercisable on June 30, 2015 are
as follows:</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%; border-collapse: collapse">
<TR STYLE="text-align: center; vertical-align: bottom">
    <TD COLSPAN="3">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid"><B>Exercise Price per Share</B></TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid"><B>Shares Under Warrants</B></TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid"><B>Remaining Life in Years</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><B>Outstanding</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 28%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: right; vertical-align: bottom">$</TD>
    <TD STYLE="width: 20%; text-align: right; vertical-align: bottom">0.001</TD>
    <TD STYLE="width: 1%; text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 20%; text-align: right; vertical-align: bottom">3,113,659</TD>
    <TD STYLE="width: 1%; text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 23%; text-align: center; vertical-align: bottom">2</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">$</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">0.4</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">4,000,000</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">2</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">$</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">0.5</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">100,000</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">5</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">$</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">0.6</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">50,000</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">5</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">$</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">1</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">866,000</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">3</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><B>Exercisable</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">$</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">0.001</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">3,113,659</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">2</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">$</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">0.4</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">4,000,000</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">2</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">$</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">0.5</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">100,000</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">5</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">$</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">0.6</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">50,000</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">5</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">$</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">1</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">866,000</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">3</TD></TR>
</TABLE>
<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">No other stock warrants have been issued or exercised during
the three months ended June 30, 2015.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 9 - <U>EMPLOYEE EQUITY INCENTIVE PLAN</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">In June&nbsp;2014, our shareholders approved our 2014 Equity Incentive
Plan (&#8220;2014 Plan&#8221;), which provides for the grant of incentive stock options to our employees and our parent and subsidiary
corporations' employees, and for the grant of nonstatutory stock options, stock bonus awards, restricted stock awards, performance
stock awards and other forms of stock compensation to our employees, including officers, consultants and directors. A total of
4 million shares of common stock are reserved for issuance under our 2014 Plan.</P>




<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On June 4, 2014, the Company granted options to purchase
750,000 shares at $0.10 per share to Vincent &#8220;Tripp&#8221; Keber for his services on the Company&#8217;s Board of Directors
for 3 years. Under the terms of the grant, 250,000 shares shall begin vesting on October 1, 2014 such that 20,833 shares shall
vest on the first of every month except for every three months, when 20,834 shares shall vest. An additional 250,000 shares shall
begin vesting the later of: October 1, 2015 or the Company reaching 830,000 users such that 20,833 shares shall vest on the first
of every month except for every three months, when 20,834 shares shall vest. An additional 250,000 shares shall vest immediately
upon the later of: October 1, 2016 or the Company reaching 1,080,000 users. These options were issued in exchange for his services
on the Company&#8217;s Board of Directors for 3 years. The options may be exercised any time after the issuance through and including
the tenth (10<SUP>th</SUP>) anniversary of its original issuance. The options have a fair market value of $73,836. The fair market
value was calculated using the Black-Scholes options pricing model, assuming approximately 2.61% risk-free interest, 0% dividend
yield, 150% volatility, and expected life of 10 years. For the six months ended June 30, 2015 $12,138 was amortized.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On June 4, 2014, the Company granted options to purchase
750,000 shares at $0.10 per share to Ean Seeb for his services on the Company&#8217;s Board of Directors for 3 years. Under the
terms of the grant, 250,000 shares shall begin vesting on October 1, 2014 such that 20,833 shares shall vest on the first of every
month except for every three months, when 20,834 shares shall vest. An additional 250,000 shares shall begin vesting the later
of: October 1, 2015 or the Company reaching 830,000 users such that 20,833 shares shall vest on the first of every month except
for every three months, when 20,834 shares shall vest. An additional 250,000 shares shall vest immediately upon the later of:
October 1, 2016 or the Company reaching 1,080,000 users. These options were issued in exchange for his services on the Company&#8217;s
Board of Directors for 3 years. The options may be exercised any time after the issuance through and including the tenth (10<SUP>th</SUP>)
anniversary of its original issuance. The options have a fair market value of $73,836. The fair market value was calculated using
the Black-Scholes options pricing model, assuming approximately 2.61% risk-free interest, 0% dividend yield, 150% volatility,
and expected life of 10 years. For the six months ended June 30, 2015 $12,138 was amortized.</P>

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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On June 4, 2014, the Company granted options to purchase 550,000
shares at $0.10 per share to Sebastian Stant for his services as the Company&#8217;s Lead Web Developer for 1 year. Under the
terms of the grant, 250,000 shares shall vest immediately upon the Company reaching 250,000 users. An additional 150,000 shares
shall vest immediately upon the Company reaching 500,000 users. An additional 150,000 shares shall vest immediately upon the Company
reaching 750,000 users. The options were issued in exchange for his services as the Company&#8217;s Lead Web Developer for 1 year.
The options may be exercised any time after the issuance through and including the tenth (10<SUP>th</SUP>) anniversary of its
original issuance. The options have a fair market value of $54,146. The fair market value was calculated using the Black-Scholes
options pricing model, assuming approximately 2.61% risk-free interest, 0% dividend yield, 150% volatility, and expected life
of 10 years. For the six months ended June 30, 2015 $12,328 was amortized.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On March 9, 2015, Sebastian Stant resigned his position as
Lead Developer of MassRoots and surrendered 350,000 options with a strike price of $0.10 per share back to the 2014 Plan.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">From January 1 to March 31, 2015, the Company granted 230,000
shares and options to purchase 1,065,000 shares at $0.50 per share to 20 employees and consultants of the Company, with most vesting
monthly over the course of one year. The fair market value of the options are $523,991.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On April 8, 2015, the Company granted options to purchase
105,000 shares at $0.6 per share to 3 employees and consultants of the Company, with most vesting monthly over the course of one
year. The fair market value of the options are $114,143.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Stock options outstanding and exercisable on June 30, 2015
are as follows:</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%; border-collapse: collapse">
<TR STYLE="text-align: center; vertical-align: bottom">
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><B>Exercise Price per Share</B></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><B>Shares Under Options</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Remaining Life in Years</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><B>Outstanding</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 26%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: right; vertical-align: bottom">$</TD>
    <TD STYLE="width: 20%; text-align: right; vertical-align: bottom">0.10</TD>
    <TD STYLE="width: 1%; text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 20%; text-align: right; vertical-align: bottom">1,750,000</TD>
    <TD STYLE="width: 1%; text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 24%; text-align: center; vertical-align: bottom">9</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">$</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">0.50</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">1,065,000</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">10</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">$</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">0.60</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">105,000</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">10</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><B>Exercisable</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">$</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">0.10</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">625,000</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">9</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">$</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">0.50</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">532,584</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">10</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">$</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">0.60</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">17,498</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">10</TD></TR>
</TABLE>
<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">No other stock options have been issued or exercised during
the three months ended June 30, 2015.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 10 - <U>GOING CONCERN AND UNCERTAINTY</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company has suffered losses from operations since inception.
In addition, the Company has yet to generate an significant cash flow from its business operations. These factors raise substantial
doubt as to the ability of the Company to continue as a going concern.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Management&#8217;s plans with regard to these matters encompass
the following actions: 1) obtain funding from new and potentially current investors to alleviate the Company&#8217;s working deficiency,
and 2) implement a plan to generate sales. The Company&#8217;s continued existence is dependent upon its ability to translate
its vast user base into sales. However, the outcome of management&#8217;s plans cannot be ascertained with any degree of certainty.
The accompanying unaudited financial statements do not include any adjustments that might result from the outcome of these risks
and uncertainties.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 11 - <U>SIGNIFICANT EVENTS</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">From April 1, 2015 through April 17, 2015, the Company completed
an offering of 960,933 restricted shares of the Company&#8217;s common stock, par value $0.001 per share to certain accredited
and unaccredited investors. The shares were offered pursuant to subscription agreements with each investor for aggregate gross
proceeds to the Company of $576,200. The Company compensated Chardan Capital $20,000 cash and 262,560 shares of common stock as
commission for this placement.</P>

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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">From April 1, 2015 to June 30, 2015, the Company issued 3,020,828
shares of common stock: 200,000 shares for the conversion of a debenture with a face value of $20,000 at $0.10 per share, 224,000
shares to the $0.50 round investors from January to March 2015, 960,337 shares to the $0.60 round investors during April 2015,
262,650 shares to Chardan Capital for placement agent services, 936,341 shares for the exercise of $0.001 warrants, and 600,000
shares for the exercise of the $0.40 financing warrants.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On April 28, 2015, the Company entered into a consulting
agreement with Torrey Hills Capital. Under the terms of the agreement, Torrey Hills Capital is to receive 75,000 shares of common
stock and $5,000 per month for setting-up non-deal roadshows for the Company. These shares were issued on June 3, 2015.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">From April 1 to June 30, 2015, 750,000 warrants previously
issued as part of our offering in March 2014 were exercised at an exercise price of $0.40 per share for proceeds of $300,000,
of which $295,000 was received during the second quarter of 2015 and the remaining $5,000 was received during Q3.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">From April 1 to June 30, 2015, 936,341 of warrants previously
issued as part of our offering in March 2014 were exercised at an exercise price of $0.001 per share for proceeds of $936.34.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On May 12, 2015, the Company entered into a consulting agreement
with Caro Capital. Under the terms of the agreement, Caro is to receive 200,000 shares of common stock and $2,000 per month for
setting-up non-deal roadshows for the Company for a period of one year. These shares were issued on June 3, 2015.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On June 15, 2015, the Company entered into a consulting agreement
with Demeter Capital. Under the terms of the agreement, Demeter Capital is to receive 100,000 shares of common stock for introductions
to investors.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On June 19, 2015, the Company retained Mr. Daniel C. Hunt
as Chief Operating Officer of the Company, effective immediately. Mr. Hunt succeeds Ms. Hyler Fortier, who resigned as Chief Operating
Officer of the Company as of that same date. Ms. Fortier will continue with the Company as the Company&#8217;s Director of Branding,
a non-executive role. Mr. Hunt will receive a salary of $78,000 per year and is an &#8220;at-will&#8221; agreement and may be
terminated by either party with or without cause with one (1) month&#8217;s written notice. No retirement plan, health insurance
or other employee benefits were awarded to Mr. Hunt and he shall serve at the direction of the Company&#8217;s Chief Executive
Officer and Board.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">From June 10 to June 30, 2015, the Company sold 606,669 shares
of unregistered common stock for gross proceeds of $455,000, of which $380,000 was received by June 30, 2015.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On June 30, 2015, the Company had recorded 150,000 registered
common shares to be issued for the exercise of $0.40 warrants, 606,669 unregistered common stock to be issued for purchasers of
the $0.75 private placement, and 100,000 unregistered common shares to be issued to Demeter Capital for services rendered.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">NOTE 12 - <U>SUBSEQUENT EVENTS</U></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">From July 1 to July 13, 2015, MassRoots sold an additional
834,004 shares of unregistered common stock for gross proceeds totaling $610,502. This round was closed on July 13, 2015. As of
July 21, 2015, all $1,065,502 had been received. In connection with this offering, Chardan will receive $27,200 in cash and 76,560
shares of the Company&#8217;s common stock as commission for this placement.</P>


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<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0; font-weight: bold"><A NAME="a_022"></A>LEGAL MATTERS</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The validity of the securities offered by this prospectus
will be passed upon for us by Thompson Hine LLP.&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0; font-weight: bold"><A NAME="a_023"></A>EXPERTS</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The financial statements of MassRoots, Inc. as of December
31, 2014 have been included herein in reliance upon the reports of N.K.A. L&amp;L CPAs, PA (formerly known as Bongiovanni &amp;
Associates, PA), certified public accountants, for the period ended and as of December 31, 2014 upon the authority of said firm
as experts in accounting and auditing. The audit report covering the December 31, 2014 financial statements contains an explanatory
paragraph that states that MassRoots, Inc. has suffered net losses since inception from operations and this raises substantial
doubt about the Company&#8217;s ability to continue as a going concern.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0; font-weight: bold"><A NAME="a_024"></A>WHERE YOU CAN FIND MORE
INFORMATION</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">We have filed a registration statement
on Form S-1 under the Securities Act with the SEC with respect to the Common Stock and Warrants we are offering by this prospectus.
This prospectus does not contain all of the information included in the registration statement. For further information pertaining
to us and our securities, you should refer to the registration statement and the exhibits and schedules filed with the registration
statement. 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.&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">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&#8217;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&#8217;s website at http://www.sec.gov. We will also gladly send any filing to you upon your written request to Isaac
Dietrich, our Chief Executive Officer, at 1624 Market Street, Suite 201, Denver, CO 80202. Our reports and other information that
we have filed, or may in the future file, with the SEC are not incorporated by reference into and do not constitute part of this
prospectus.&nbsp;</P>

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<P STYLE="margin: 0; text-align: justify"></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">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="margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font-variant: small-caps"><B>MASSROOTS</B></FONT><B>,
INC.</B></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><B>Units of its Securities</B></P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><B>Consisting of up to 6,200,000 Shares of Common Stock
and</B></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><B>Warrants to Purchase up to 6,200,000 Shares of
Common Stock</B></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin: 1pt 40.1pt 1pt 34.55pt"><DIV STYLE="font-size: 1pt; border-top: black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt/0.05pt Times New Roman, Times, Serif; margin: 1pt 40.1pt 0 34.55pt">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><B>PROSPECTUS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/0.05pt Times New Roman, Times, Serif; margin: 0 40.1pt 0 34.55pt">&nbsp;</P>

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<P STYLE="font: 10pt/0.05pt Times New Roman, Times, Serif; margin: 1pt 40.1pt 0 34.55pt">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">[ ], 2015</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>PART II &#8211; INFORMATION NOT REQUIRED IN PROSPECTUS</B></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Item 13.&#9; Other Expenses of Issuance and Distribution.</B></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The following table sets forth expenses (estimated except for the
SEC registration fees and FINRA notice fee) in connection with the offering described in the registration statement:</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 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: bottom">
    <TD STYLE="width: 76%; padding-right: 5.4pt; padding-left: 5.4pt">SEC registration fees</TD>
    <TD STYLE="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">$2,666</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">FINRA Notice Fees</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">$1,000</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Legal fees and expenses</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">$50,000</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Accountants fees and expenses</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">$7,500</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Miscellaneous</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;&nbsp;&nbsp;$38,834</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">TOTAL</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">$100,000</TD></TR>
</TABLE>
<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Item 14.&#9; Indemnification of Directors and Officers.</B></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Amended and Restated Certificate of Incorporation of the Company
provides that:</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&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">The Company shall indemnify and hold harmless, to the fullest extent permitted by
applicable law as it presently exists or may hereafter be amended, any person (an &quot;Indemnified Person&quot;) who was or is
made or is threatened to be made a party or is otherwise involved in any action, suit or proceeding, whether civil, criminal,
administrative or investigative (a &quot;Proceeding&quot;), by reason of the fact that such person, or a person for whom such
person is the legal representative, is or was a director or officer of the Corporation or, while a director or officer of the
Corporation, is or was serving at the request of the Corporation as a director, officer, employee or agent of another corporation
or of a partnership, joint venture, limited liability company, trust, enterprise or nonprofit entity, including service with respect
to employee benefit plans, against all liability and loss suffered and expenses (including attorneys&quot; fees) reasonably incurred
by such Indemnified Person in such Proceeding. Notwithstanding the preceding sentence, the Corporation shall be required to indemnify
an Indemnified Person in connection with a Proceeding (or part thereof) commenced by such Indemnified Person only if the commencement
of such Proceeding (or part thereof) by the Indemnified Person was authorized in advance by 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: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Corporation shall pay the expenses (including attorneys' fees) incurred by an
Indemnified Person in defending any Proceeding in advance of its final disposition, provided, however that, to the extent required
by law, such payment of expenses in advance of the final disposition of the Proceeding shall be made only upon receipt of an undertaking
by the Indemnified Person to repay all amounts advanced if it should be ultimately determined that the Indemnified Person is not
entitled to be indemnified under this Article 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: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">If a claim for indemnification or advancement of expenses under this Article is not
paid in full within thirty (30) days after a written claim therefor by the Indemnified Person has been received by the Corporation,
the Indemnified Person may file suit to recover the unpaid amount of such claim and, if successful in whole or in part, shall
be entitled to be paid the expense of prosecuting such claim. In any such action the Corporation shall have the burden of proving
that the Indemnified Person is not entitled to the requested indemnification or advancement of expenses under applicable law.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>


<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Any indemnification as outlined above is not exclusive of
any other rights to indemnification afforded by Delaware law.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Item 15.&#9; Recent Sales of Unregistered Securities.</B></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Each of the below transactions were exempt from the registration
requirements of the Securities Act in reliance upon Rule 701 promulgated under the Securities Act, Section 4(a)(2) of the Securities
Act or Regulation D promulgated under the Securities Act.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Since the Company&#8217;s inception on April 24, 2013 through
March 18, 2014, the Company issued and/or sold the following unregistered securities:</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&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">On April 24, 2013, the Company approved the issuance of 15.25 shares of common stock
(4,646,136 shares post-Exchange, as defined herein) to the Company&#8217;s CEO and Chairman, Isaac Dietrich, to repay $17,053
short term borrowing from him and for services provided. In addition, 42.81 stock options were issued as part of the employment
agreement with the Mr. Dietrich. The stock option allows Mr. Dietrich to purchase 42.81 shares of the Company&#8217;s common stock
(13,042,695 shares post-Exchange) at $1.00 per share per each individual option. The options will vest through January 1, 2017.
Each option issued contained an acceleration clause which was triggered upon the closure of the financing on January 1, 2014 that
caused all options to vest immediately. On January 1, 2014, Mr. Dietrich exercised all options held at that time.</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">On April 24, 2013, the Company approved the issuance of 3.75 shares of common stock
(1,142,493 shares post-Exchange) to the Company&#8217;s Chief Operations Officer, Hyler Fortier, in exchange for her services.
11.25 stock options were also issued as part of the employment agreement with Ms. Fortier. The stock options allow Ms. Fortier
to purchase 11.25 shares of the Company&#8217;s common stock (3,427,478 shares post-Exchange) at $1.00 per share per each individual
option. The options will vest through January 1, 2017. Each option issued contained an acceleration clause which was triggered
upon the closure of the financing on January 1, 2014 that caused all options to vest immediately. On January 1, 2014, Ms. Fortier
exercised all options held at that time.</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">On April 24, 2013, the Company approved the issuance of 3.00 shares of common stock
(913,994 shares post-Exchange) to the Company&#8217;s Chief Technology Officer, Stewart Fortier, in exchange for his services.
9.0 stock options were issued as part of the employment agreement with Mr. Fortier. The stock options allow Mr. Fortier to purchase
9.0 shares of the Company&#8217;s common stock (2,741,982 shares post-Exchange) at $1.00 per share per each individual option.
The options will vest through January 1, 2017. Each option issued contained an acceleration clause which was triggered upon the
closure of the financing on January 1, 2014 that caused all options to vest immediately. On January 1, 2014, Mr. Fortier exercised
all options held at that time.</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">On April 24, 2013, the Company approved the issuance of 3.00 shares of common stock
(913,994 shares post-Exchange) to Tyler Knight in exchange for his services. 9.0 stock options were also issued as part of the
employment agreement with Mr. Knight. The stock options allow Tyler Knight to purchase 9.0 shares of the Company&#8217;s common
stock (2,741,982 shares post-Exchange) at $1.00 per share per each individual option. The options will vest through January 1,
2017. Each option issued contained an acceleration clause which was triggered upon the closure of the financing on January 1,
2014 that caused all options to vest immediately. On January 1, 2014, Mr. Knight exercised all options held at that time.</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">On October 7, 2013, the Company entered into an agreement to issue as compensation
for services provided a total of 2.94 Series A Preferred shares (895,715 common shares post-Exchange) with a market value of $24,998
to Douglas Leighton for financial consulting services. These shares were issued on January 1, 2014.</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">On October 7, 2013, we entered into agreements to issue 5.88, 5.88, and 5.89 Series
A Preferred Shares (1,791,428, 1,791,428, and 1,794,475 common shares post-Exchange) to Bass Point Capital, LLC, WM18 Finance
LTD, and Rother Investments, LLC, respectively, in exchange for $50,000 capital investments from each. These shares were subsequently
issued on the closing date of January 1, 2014. On March 18, 2014, as part of a Plan of Reorganization, (i) all preferred shareholders
converted their shares of stock into common stock as is outlined in our certificate of incorporation; (ii) the Company&#8217;s
certificate of incorporation was amended to allow for the issuance of 200,000,000 shares of our common stock, (iii) the</TD>
</TR></TABLE>



<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Company&#8217;s current shareholders
exchanged their shares of our common stock for the pro-rata percentage of 36,000,000 shares of our common stock (the &#8220;Exchange&#8221;).</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">From March 18, 2014 through March 31, 2014,
the Company issued and/or sold the following unregistered securities:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; 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">On March 18, 2014, as payment for consulting services, we granted Dutchess Opportunity
Fund, II LP a warrant exercisable into 4,050,000 shares of our common stock at $0.001 per share, and a warrant exercisable into
2,375,000 shares of our common stock at $0.40 per share.</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">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">On March 24, 2014, we completed an offering of $475,000 of our securities to certain
accredited and non-accredited investors consisting of (i) $269,100 of convertible debentures, convertible into shares of the Company&#8217;s
common stock at $0.10 per share, together with warrants, exercisable into an amount of our common stock equal to fifty percent
(50%) of the common stock underlying the convertible debentures, at $0.40 per share; and (ii) 2,059,000 shares of our common stock
at $0.10 per share, with a warrant, exercisable into an amount of our common stock equal to fifty percent (50%) of the common
stock purchased, at $0.40 per share.</TD>
</TR></TABLE>



<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On June 6, 2014, each of Ean Seeb, Tripp
Keber, and Sebastian Stant received a stock award of 250,000 shares of our common stock, while Jesus Quintero received a stock
award of 100,000 shares of our common stock as compensation for their service. These awards, along with all the then outstanding
shares were included in our resale registration statement on Form S-1 that originally went effective on September 15, 2014 (&#8220;2014
Registration Statement&#8221;).</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The securities in the transactions set
out below were not covered by the 2014 Registration Statement:</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&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">Each of Ean Seeb, Tripp Keber, and Sebastian Stant also received 750,000, 750,000,
and 550,000 options, respectively, to purchase shares of our common stock pursuant to our 2014 Equity Incentive Plan.</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">On March 3, 2015, Chardan Capital Market, LLC and the Special Equities Group, LLC,
received 40,000 and 160,000 shares, respectfully, for Chardan&#8217;s investment banking services.</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">From September 15, 2014 to March 11, 2015, we completed an offering of $866,000 of
our securities to certain accredited and non-accredited investors consisting of 1,732,000 shares of our common stock at $0.50
per share, along with warrants to purchase 866,000 shares at $1 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">From April 1, 2015 through April 17, 2015, MassRoots, Inc. completed an offering of
960,933 shares of the Company&#8217;s common stock to certain accredited and unaccredited investors, pursuant to which, the Company
received gross proceeds of $576,200. The Company terminated this offering as of April 17, 2015. The Company compensated Chardan
Capital Markets, LLC $20,000 cash and 262,560 shares of common stock as commission for this placement.</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">On February 27, 2015, certain service providers purchased warrants permitting the
purchase of 100,000 shares at $0.50 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">From January 1 to March 31, 2015, the Company granted 230,000 shares and options to
purchase 1,065,000 shares at $0.50 per share to 20 employees and consultants of the Company pursuant to the 2014 Plan.</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">On April 28, 2015, the Company entered into a consulting agreement with Torrey Hills
Capital, under which, Torrey Hills Capital will receive 75,000 shares of the Company&#8217;s common stock.</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">On May 12, 2015, the Company entered into a consulting agreement with Caro Capital,
under which Caro Capital, as compensation for services provided, will receive 200,000 shares of Company&#8217;s common stock in
exchange for $200.</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">From June 10, 2015 through July 13, 2015, MassRoots sold 1,540,673 shares of unregistered
common stock to certain accredited investors for gross proceeds of $1,140,502. In connection with this offering, Chardan Capital
received $27,200 in cash and 80,560 shares of the Company&#8217;s common stock as commission for this placement.</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">On June 15, 2015, the Company entered into a consulting agreement with Demeter Capital,
under which Demeter Capital, as compensation for services provided, will receive 100,000 shares of the Company&#8217;s common
stock in exchange for $100.</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">On July 30, 2015, MassRoots entered into consulting agreements with each of Shmuel
Tennenhaus and Daniel Mohler to provide advisory services to the Company. As part of the agreements, Mr. Tennenhaus and Mr. Mohler
received warrants to purchase 125,000 and 50,000 shares of common stock, respectively, at $0.90 per share.</TD>
</TR></TABLE>



<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

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<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Except as noted, none of the foregoing
transactions involved any underwriters, underwriting discounts or commissions, or any public offering, and the Registrant believes
each transaction was exempt from the registration requirements of the Securities Act as stated above. All recipients of the foregoing
transactions either received adequate information about the Registrant or had access, through their relationships with the Registrant,
to such information. Furthermore, the Registrant affixed appropriate legends to the share certificates and instruments issued
in each foregoing transaction setting forth that the securities had not been registered and the applicable restrictions on transfer.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Item 16.&#9; Exhibits and Financial Statement Schedules.</B></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The following exhibits are filed with this registration statement:</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 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: 11%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-decoration: underline"><U>No.</U></TD>
    <TD STYLE="width: 89%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-decoration: underline"><U>Description</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">2.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Plan of Reorganization, dated
    March 18, 2014.*</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">3.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Amended and Restated Certificate
    of Incorporation of the Company*</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">3.2</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Amendment to Amended and Restated
    Certificate of Incorporation of the Company*</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">3.3</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Bylaws of the Company*</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">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">4.2</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><P>Form
    of Subscription Agreement for the Offering (incorporated by reference to Exhibit 4.2 filed together with the Company&rsquo;s Amendment No. 1 to the Registration
Statement on Form S-1 on October 7, 2015)</P>


</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">4.3</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form
    of Warrant for the Offering (incorporated by reference to Exhibit 4.3 filed together with the Company&rsquo;s Amendment No. 1 to the Registration
Statement on Form S-1 on October 7, 2015)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">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>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Amended Employment Agreement
    by and between the Company and Isaac Dietrich (incorporated by reference to Exhibit 10.4 to the Company&#8217;s Annual Report
    on Form 10-K filed on March 31, 2015)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.2</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Amended Employment Agreement
    between the Company and Daniel Hunt (incorporated by reference to Exhibit 10.1 to the Company&#8217;s Current Report on Form
    8-K filed on June 19, 2015)</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.3</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Employment Agreement by and
    between the Company and Stewart Fortier, dated April 1, 2014*</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.4</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Amendment to Employment Agreement
    by and between the Company and Tyler Knight &nbsp;(incorporated by reference to Exhibit 10.3 to the Company&#8217;s Annual
    Report on Form 10-K filed on March 31, 2015)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.5</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Lease by and between the Company
    and RVOF Market Center LLC (incorporated by reference to Exhibit 10.2 to the Company&#8217;s Annual Report on Form 10-K filed
    on March 31, 2015)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.6</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Subscription Agreement dated
    May 26, 2015, between MassRoots and Flowhub (incorporated by reference to Exhibit 10.1 to the Company&#8217;s Current Report
    Form 8-K filed on May 28, 2015)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.7</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Parse Services Hosting Agreement,
    dated December 18, 2013, by and between Parse, LLC and the Company*</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.8</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Consulting Agreement, dated
    March 18, 2014, by and between Dutchess Opportunity Fund, II, LP and the Company*</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.9</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Security Agreement
    from the March 2014 Offering*</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 11%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.10</TD>
    <TD STYLE="width: 89%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Subscription
    Agreement from the March 2014 Offering *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"></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; width: 11%">10.11</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; width: 89%">Form of Debenture Registration
    Rights Agreement from the March 2014 Offering*</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.12</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">2014 Stock Incentive Plan
    and forms of stock option agreement and stock award agreement thereunder.*</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"></TD></TR></TABLE>

<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; width: 11%">10.13</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; width: 89%">Agreement between Chardan
    Capital Markets, LLC, and the Company (incorporated by reference to Exhibit 10.1 to the Company&#8217;s Annual Report on Form
    10-K filed on March 31, 2015)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.14</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Consulting Agreement, dated
    May 1, 2015, by and between Jesus Quintero and the Company (incorporated by reference to Exhibit 10.3 to the Company&#8217;s
    Quarterly Report on Form 10-Q filed on May 15, 2015)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.15</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Consulting Agreement between
    MassRoots and Demeter Capital, dated June 15, 2015 (incorporated by reference to Exhibit 10.1 to the Company&#8217;s Quarterly
    Report on Form 10-Q filed on July 22, 2015)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.16</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Investment
    Banking Agreement between Chardan and the Company, dated September 24, 2015 incorporated by reference to Exhibit  10.16 filed
    together with the Company&rsquo;s Amendment No. 1 to the Registration Statement on Form S-1 on October 7, 2015)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.17</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Amended Employment Agreement
    between the Company and Hyler Fortier (incorporated by reference to Exhibit 10.19 filed along with Post-Effective Amendment
    No. 2 to the Company&#8217;s Registration Statement on Form S-1 on August 11, 2015)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.18</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Common Stock Warrant
    from March 2014 Offering (incorporated by reference to Exhibit 4.2 filed together with the Company&#8217;s Registration Statement
    on Form S-1 on June 6, 2014)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.19</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Debenture Agreement
    from March 2014 Offering (incorporated by reference to Exhibit 4.3 filed together with the Company&#8217;s Registration Statement
    on Form S-1 on June 6, 2014)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.20</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Debenture Warrant
    from March 2014 Offering (incorporated by reference to Exhibit 4.4 filed together with the Company&#8217;s Registration Statement
    on Form S-1 on June 6, 2014)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.21</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Consulting Warrant, from March
    2014 Offering (incorporated by reference to Exhibit 4.5 filed together with the Company&#8217;s Registration Statement on
    Form S-1 on June 6, 2014)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.22</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Employment
    Agreement between the Company and Jesus Quintero (incorporated by reference to Exhibit 10.22 filed together with the Company&rsquo;s Amendment No. 1 to the Registration
Statement on Form S-1 on October 7, 2015)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">14.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Code of Ethics of the Company
    (incorporated by reference to Exhibit 14.1 to the Company&#8217;s Annual Report on Form 10-K filed on March 31, 2015)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">23.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Consent of N.K.A. L&amp;L CPAs, PA, formally known as Bongiovanni &amp; Associates, P.A.+</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">23.2</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>
</TABLE>
<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">* Incorporated by reference to the exhibit of the same number
filed together with the Company&#8217;s Registration Statement on Form S-1 on June 6, 2014.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">+ Filed hereby with this registration statement.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">XBRL Exhibits are incorporated by reference to XBRL Exhibits filed
together with the Company&rsquo;s Amendment No. 1 to the Registration Statement on Form S-1 on October 7, 2015</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Item 17.&#9; Undertakings.</B></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&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">(a)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The undersigned registrant hereby undertakes:</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">(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>



<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">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>

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<TD STYLE="width: 15pt; text-align: right">(b)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Insofar as indemnification for liabilities arising under the Securities Act 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 Securities and Exchange Commission such indemnification is against
public policy as expressed in the Securities Act 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 and 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 hereby, 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 and will be governed by the final adjudication
of such issue.</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right">(c)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The undersigned Registrant hereby undertakes that it will:</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">for determining any liability under the Securities Act, treat the information omitted
from the form of prospectus filed as part of this registration statement in reliance upon Rule 430A and contained in a form of
prospectus filed by the registrant under Rule 424(b)(1), or (4) or 497(h) under the Securities Act as part of this registration
statement as of the time the Commission declared it effective.</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">(2)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">for determining any liability under the Securities Act, treat each post-effective
amendment that contains a form of prospectus as a new registration statement for the securities offered in the registration statement,
and that offering of the securities at that time as the initial bona fide offering of those securities.</TD>
</TR></TABLE>



<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"></P>

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<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><B>SIGNATURES</B></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0; text-indent: 20pt">Pursuant to the requirements of the Securities
Act of 1933, the registrant has duly caused this Registration Statement on Form S-1 to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Denver, State of Colorado, on October 29, 2015.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0; text-indent: 20pt">&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="padding-bottom: 1pt; text-align: center"><B>MASSROOTS, INC.</B></TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 50%; border-bottom: Black 1pt solid">By: /s/ Isaac Dietrich </TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Isaac Dietrich</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Chief Executive Officer</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"></P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Pursuant to 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="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; 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: 32%"><B>Signatures</B></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 41%"><B>Title</B></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 23%; 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>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid"><I>/s/ Isaac Dietrich</I></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">Principal Executive Officer and Chairman of the Board of Directors </TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">October 29, 2015</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">Isaac Dietrich&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid"><I>/s/ Tripp Keber</I></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">Director</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">October 29,  2015</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">Tripp Keber</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid"><I>/s/ Tyler Knight</I></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">Director, Chief Marketing Officer</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">October  29, 2015</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">Tyler Knight </TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid"><I>/s/ Stewart Fortier</I></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">Director, Chief Technology Officer</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">October 29, 2015</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">Stewart Fortier</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid"><I>/s/ Ean Seeb</I></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">Director</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">October 29, 2015</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">Ean Seeb</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid"><I>/s/ Jesus Quintero</I></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">Chief Financial Officer and Chief Accounting Officer</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">October 29, 2015</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">Jesus Quintero</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid"><I>/s/ Daniel Hunt</I></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">Chief Operating Officer</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">October 29, 2015</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">Daniel Hunt</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><IMG SRC="image_008header.jpg" ALT=""><B></B></P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 5.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">October 29, 2015</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">MassRoots, Inc.</P>

<P STYLE="margin: 0; text-align: justify">1624 Market Street, Suite 201, Denver,
CO 80202</P>

<P STYLE="margin: 0; text-align: justify">Denver, CO 80202</P>

<P STYLE="margin: 0; text-align: justify"><U>Re: Form S-1 Registration Statement </U></P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">Ladies and Gentlemen:</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">We have acted as counsel to MassRoots, Inc., a Delaware corporation (the
&#8220;Company&#8221;), in connection with the preparation and filing with the Securities and Exchange Commission of a
Registration Statement on Form S-1 (the &#8220;Registration Statement&#8221;) relating to the sale by the Company of units of
its securities (&#8220;Units&#8221;), representing up to 6,200,000 shares of the Company&#8217;s common stock, par value
$0.001 per share (&#8220;Common Stock&#8221;), and up to 6,200,000 warrants to purchase shares of Common Stock
(&#8220;Warrants&#8221;).</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">With respect to factual matters, we have relied
upon statements and certificates of officers of the Company. We have also reviewed such other matters of law and examined and
relied upon such other documents, records and certificates as we have deemed relevant hereto. In such examinations, we have assumed
the genuineness of all signatures, the legal capacity of all natural persons, the authenticity of all documents submitted to us
as originals, the conformity to original documents of all documents submitted to us as certified, conformed or photostatic copies
and the authenticity of the originals of such latter documents.</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">Based on the foregoing, we are of the opinion that each Unit consists of Common Stock and Warrants, and, upon
the sale of the Units as described in the Registration Statement and the receipt of payment by the Company, the Common Stock constituting
part of the Units will be validly authorized, legally issued, fully paid and non-assessable, and the Warrants constituting part
of the Units will be a binding obligation of the Company under Delaware law. We are also of the opinion that the Common Stock underlying
the Warrants, when issued upon their exercise and the payment of the exercise price, if any, will be validly authorized, legally
issued, fully paid and non-assessable.&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We express no opinion as to the effect or
application of any laws or regulations other than the General Corporation Law of the State of Delaware and the Federal laws of
the United States, in each case as currently in effect.&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">The information set forth herein is as of
the date hereof. We assume no obligation to supplement this opinion letter if any applicable law changes after the date hereof
or if we become aware of any fact that might change the opinion expressed herein after the date hereof. Our opinion is expressly
limited to the matters set forth above, and we render no opinion, whether by implication or otherwise, as to any other matters
relating to the Company, the Common Stock, Warrants, the Registration Statement or the prospectus included therein.</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">We hereby consent to the filing of this opinion
as an exhibit to the Registration Statement and being named in the prospectus included in the Registration Statement under the
heading &#8220;Legal Matters&#8221;. In giving this consent, we do not thereby admit that we are within the category of persons
whose consent is required under Section 7 of the Act or the rules and regulations of the Commission promulgated thereunder.</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify; text-indent: 360pt">Very truly yours,</P>

<P STYLE="margin: 0; text-align: justify; text-indent: 360pt"><U>/s/ Thompson Hine&#9;</U></P>

<P STYLE="margin: 0; text-align: justify; text-indent: 360pt">Thompson Hine LLP</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><IMG SRC="image_009footer.jpg" ALT="">&nbsp;</P>

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<P STYLE="margin: 0; text-align: justify"></P>


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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>13
<FILENAME>mrsts1a102915ex23_1.htm
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: right"><B>Exhibit
23.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B><U>CONSENT OF INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM</U></B></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">We hereby consent to the use in this
Amendment No. 4   to the Registration Statement on Form S-1 of our report dated March 31, 2015 relating to the audited
financial statements for the year ending December 31, 2014 of MassRoots, Inc.</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">We also consent to the reference to our Firm
under the caption &quot;Experts&quot; in the Registration Statement.</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"><U>/s/ Bongiovanni &amp; Associates, PA</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Bongiovanni &amp; Associates, PA</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">N.K.A L&amp;L CPAS,PA</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">October 29, 2015</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>


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<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>30
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<P STYLE="margin: 0; text-align: justify"><I></I></P>

<P STYLE="margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><I><IMG SRC="image_008header.jpg" ALT=""></I></P>

<P STYLE="margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="margin: 0; text-align: justify"><I>Via Edgar&#9;</I></P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">October 29, 2015</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">Division of Corporation Finance</P>

<P STYLE="margin: 0; text-align: justify">U.S. Securities and Exchange Commission</P>

<P STYLE="margin: 0; text-align: justify">100 F Street, N.E. Washington, D.C. 20549</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">Attention:</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Matthew Crispino, Staff Attorney</TD>
</TR>     <TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">Mitchell Austin, Staff Attorney</TD></TR>
</TABLE>

<P STYLE="margin: 0; text-align: justify"></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: 35pt; text-align: right"><FONT STYLE="font-variant: small-caps">Re:</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="color: windowtext">MassRoots, Inc.</FONT> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; </TD>
</TR>     <TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">Amendment No.3
 to Registration Statement on Form S-1</TD></TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">Filed October 27, 2015</TD></TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">File No. 333-206731</TD></TR>
</TABLE>

<P STYLE="margin: 0; text-align: justify"></P>

<P STYLE="margin: 0; text-align: justify"></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">Ladies and Gentlemen:</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 13pt; text-align: justify; text-indent: 0.5in">On behalf of MassRoots,
Inc. (the &ldquo;Company&rdquo;), we are writing to respond to the comments dated October 28, 2015, from the staff of the Securities
and Exchange Commission (the &ldquo;Commission&rdquo;) regarding Amendment #3 to the Company&rsquo;s Registration Statement on
Form S-1 filed with the Commission on October 27, 2015 (the &ldquo;Registration Statement&rdquo;). The Company&rsquo;s responses
below correspond to the captions and numbers of those comments, which are reproduced below in italics. In response to your comments,
the Company has amended the Registration Statement, as appropriate, and filed Amendment #4 to the Registration Statement with
the Commission (&ldquo;Amendment&rdquo;). Capitalized terms used in this letter but not otherwise defined herein have the meanings
assigned to them in the Registration Statement.</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>Comment 1.</I></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>Please include a statement on your prospectus cover page that there is no established public trading market
in the United States for your common stock and that quotes on an overthe- counter marketplace may not be indicative of the market
price on a national securities exchange..</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">Response:</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><P STYLE="margin: 0">In response to your comment, the Company has revised the cover page of the Prospectus to include the following
disclosure in the second full paragraph: &ldquo;Currently, there is no established public trading market in the United States for
our common stock and quotes of our stock on an OTCQB may not be indicative of the market price on a national securities exchange.&rdquo;
Please see the cover page of the Prospectus.</P>


</TD>
</TR></TABLE>



<P STYLE="margin: 0; text-align: justify"><I>&nbsp;</I></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>Comment 2</I>.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><I>We note that Chardan Capital Markets, LLC has not yet received approval of its compensation arrangement from
FINRA. As a result, please revise the cover page and the plan of distribution section to remove the discussion of the specifics
of your arrangement with Chardan. Confirm that once Chardan has received approval of its compensation arrangement from FINRA, you will file a post-effective amendment to provide the required disclosure.</I></TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><IMG SRC="image_009footer.jpg" ALT="">&nbsp;</P>

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<TD STYLE="width: 55pt; text-align: right">Response:</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><P STYLE="margin: 0">In response to your comment, the Company has revised the cover page, the &ldquo;Plan of Distribution&rdquo;
section, and the Use of Proceeds section of the Prospectus to remove discussion of the Chardan arrangement. Please see the cover
page and pages 21 and 24-25 of the Prospectus. In addition, the Company confirms to the Staff that once Chardan has received approval
of its compensation arrangement from FINRA, it will file a post-effective amendment to the Registration Statement to provide the
required disclosure.</P>


</TD>
</TR></TABLE>

<P STYLE="margin: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify; text-indent: 20pt">If you have any questions
relating to any of the foregoing, please contact the undersigned at (212)&nbsp;908-3958.</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">Respectfully,</P>

<P STYLE="margin: 0; text-align: justify"><U>/s/ Peter J. Gennuso</U></P>

<P STYLE="margin: 0; text-align: justify">Peter J. Gennuso</P>

<P STYLE="margin: 0; text-align: justify">Copy to: Isaac
Dietrich</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.25pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.25pt 0 0; text-align: center">As filed with the Securities and Exchange
Commission on October <STRIKE>27</STRIKE><U>29</U>, 2015</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.25pt 0 0; text-align: right; border-bottom: Black 1.5pt solid">Registration
No. 333- 206731</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.25pt 0 0; text-align: center"><B>UNITED STATES SECURITIES AND EXCHANGE
COMMISSION</B><BR>
<B>WASHINGTON, D.C. &nbsp;20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center">______________________</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>AMENDMENT NO. <U>4</U><STRIKE>3</STRIKE></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>TO<BR>
FORM S-1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.25pt 0 0; text-align: center"><B>REGISTRATION STATEMENT UNDER THE
SECURITIES ACT OF 1933</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center"><B>______________________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.25pt 0 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>MASSROOTS,
INC.</B></FONT><BR>
<I> (Exact name of registrant as specified in its charter)</I></P>

<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: 34%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B>Delaware</B></TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7370</B></FONT> </TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B>46-2612944</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><I>(State or other jurisdiction of incorporation or organization)</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><I>(Primary Standard Industrial Classification Code Number)</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><I>(I.R.S. Employer Identification Number)</I></FONT></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: 11.25pt 0 0; text-align: center"><B>1624 Market Street, Suite 201,
Denver, CO 80202 </B><BR>
<B>(720) 442-0052</B><BR>
<I>(Address, including zip code, and telephone number, including area code, of Registrant&#8217;s principal executive offices)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.25pt 0 0; text-align: center"><B>______________________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Isaac Dietrich, Chief Executive Officer</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>MassRoots, Inc.</B><BR>
<B>1624 Market Street, Suite 201, Denver, CO 80202</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><B>(720) 442-0052</B><BR>
<I>(Name, address, including zip code, and telephone number,</I><BR>
<I>including area code, of agent for service)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center"><B>______________________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.25pt 0 6pt; text-align: center"><I>Please send copies of all communications
to:</I></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: 100%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Peter J. Gennuso, Esq.</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Christopher A. Moore, Esq.</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Thompson Hine LLP</B><BR>
        <B>335 Madison Avenue, 12<SUP>th</SUP> Floor</B><BR>
        <B>New York, NY&nbsp;&nbsp;10017</B><BR>
        <B>Tel: (212) 908-3958 </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Fax: (212) 344-6101</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P></TD></TR>
</TABLE>
<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: center"><B>As soon as practicable after the effective
date of this Registration Statement.</B></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>(Approximate date of commencement of
proposed sale to the public) </I></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If any of the securities being registered
on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933 check the
following box: <FONT STYLE="font-family: Wingdings">o</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If this Form is filed to register additional
securities for an offering pursuant to Rule 462(b) under the Securities Act of 1933, please check the following box and list the
Securities Act of 1933 registration statement number of the earlier effective registration statement for the same offering. <FONT STYLE="font-family: Wingdings">o</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If this Form is a post-effective amendment
filed pursuant to Rule 462(c) under the Securities Act of 1933, check the following box and list the Securities Act of 1933 registration
statement number of the earlier effective registration statement for the same offering. <FONT STYLE="font-family: Wingdings">o</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If this Form is a post-effective amendment
filed pursuant to Rule 462(d) under the Securities Act of 1933, check the following box and list the Securities Act of 1933 registration
statement number of the earlier effective registration statement for the same offering. <FONT STYLE="font-family: Wingdings">o</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; 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. See the definitions
of &#8220;large accelerated filer,&#8221; &#8220;accelerated filer&#8221; and &#8220;smaller reporting company&#8221; in Rule 12b-2
of the Exchange Act.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Large accelerated filer <FONT STYLE="font-family: Wingdings">o</FONT>
&#9;Accelerated filer <FONT STYLE="font-family: Wingdings">o </FONT>Non-accelerated filer <FONT STYLE="font-family: Wingdings">o</FONT>
Smaller reporting company <FONT STYLE="font-family: Wingdings">&thorn;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><SUP>(Do not check if a smaller reporting company)</SUP></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: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Calculation of Registration Fee</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><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: 57%; padding-right: 5.4pt; padding-left: 5.4pt; text-decoration: underline; text-align: center"><B><U>Title of Each Class of Securities to be Registered</U></B></TD>
    <TD STYLE="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; text-decoration: underline; text-align: center"><B><U>Proposed Maximum Aggregate Offering Price (1)</U></B></TD>
    <TD STYLE="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; text-decoration: underline; text-align: center"><B><U>Amount of Registration Fee (2)</U></B></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCEEFF">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Units, consisting of Common Stock and Warrants to purchase Common Stock</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">$8,000,000</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">$<STRIKE>930</STRIKE><U>806</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Common Stock underlying the Units, par value $0.001 per share (3)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&#8212;&nbsp;&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">(4)</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCEEFF">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Warrants to purchase Common Stock underlying the Units</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&#8212;&nbsp;&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">(4)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Shares of Common Stock underlying Warrants (3)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">$<STRIKE>8</STRIKE><U>18</U>,<STRIKE>000</STRIKE><U>461,538</U><STRIKE>,000</STRIKE> </TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">$<STRIKE>930</STRIKE><U>1,860</U></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCEEFF">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Total </TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">$<STRIKE>16</STRIKE><U>26</U>,<STRIKE>000</STRIKE><U>461</U>,<STRIKE>000</STRIKE><U>538</U></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">$<STRIKE>1,860</STRIKE><U>2,666</U> (5)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(1)&#9;Estimated solely for purposes of calculating
the registration fee pursuant to Rule 457(o) under the Securities &#9;Act of 1933, as amended (&#8220;Securities Act&#8221;)</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(2)</TD><TD STYLE="text-align: justify">Calculated pursuant to Rule 457(o) under the Securities Act based on an estimate of the proposed
maximum aggregate offering price.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(3)</TD><TD STYLE="text-align: justify">Pursuant to Rule 416 under the Securities Act, the securities being registered hereunder include
such indeterminate number of additional shares of common stock as may be issued after the date hereof as a result of stock splits,
stock dividends or similar transactions.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(4)</TD><TD STYLE="text-align: justify">No fee pursuant to Rule 457(g).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(5)</TD><TD STYLE="text-align: justify">$1,860 has been previously paid by the issuer in connection with the filing of the Form S-1 on
September 2, 2015.</TD></TR></TABLE>

<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: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>The registrant hereby amends this registration
statement on such date or dates 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 Securities and Exchange
Commission, acting pursuant to said Section&nbsp;8(a), may determine.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>____________________</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 1pt 22.85pt 0 17.25pt; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 100%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: #E8112D">The information in this prospectus is not complete and may be changed. These securities may not be sold until the registration statement filed with the Securities and Exchange Commission is effective. 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></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>&nbsp;</P>

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    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="color: red"><I>PRELIMINARY PROSPECTUS
        - </I></FONT><I><FONT STYLE="color: #E8112D">SUBJECT TO COMPLETION</FONT></I></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: red"><I>Dated <STRIKE>October 27, 2015</STRIKE><U>October
        29, 2015</U></I></P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 1pt 22.85pt 0 17.25pt">&nbsp;</P>

<P STYLE="font: 10pt/0.05pt Times New Roman, Times, Serif; margin: 0 22.85pt 0 17.25pt">&nbsp;</P>

<P STYLE="font: 10pt/0.05pt Times New Roman, Times, Serif; margin: 0 40.1pt 0 34.55pt">&nbsp;</P>

<P STYLE="font: 10pt/0.05pt Times New Roman, Times, Serif; margin: 0 40.1pt 0 34.55pt">&nbsp;</P>

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    <TD STYLE="vertical-align: top; width: 32%; padding-right: 0.8pt">&nbsp;</TD>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.25pt 0 0; text-align: center"><B>MASSROOTS, INC.</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>Units of its Securities, </B><BR>
<BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Consisting of up to <STRIKE>4,000,000</STRIKE><U>6,200,000</U>
Shares of Common Stock and</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>Warrants to Purchase <STRIKE>4,000,000</STRIKE><U>6,200,000</U>
Shares of Common Stock</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.25pt 0 0; text-align: justify">This prospectus is part of a registration
statement that we filed with the Securities and Exchange Commission (the &#8220;SEC&#8221;). This prospectus relates to the offering
of up to <STRIKE>4,000,000</STRIKE><U>6,200,000</U> shares of our common stock (&#8220;Common Stock&#8221;), together with of up
to <STRIKE>4,000,000</STRIKE><U>6,200,000</U> warrants to purchase shares of Common Stock at a price equal to $[ ] per share (&#8220;Warrants&#8221;),
for gross proceeds of up to $8,000,000 (the &#8220;Maximum Offering Amount&#8221;), before deduction of offering expenses. There
is no minimum offering amount required as a condition to closing in this offering, and as a result, the actual public offering
amount, and proceeds to us, if any, are not presently determinable and may be substantially less than the total Maximum Offering
Amount. <FONT STYLE="font-family: Times New Roman, Times, Serif">This offering will terminate upon the earlier to occur of (i)
three months after this registration statement becomes effective with the SEC, and (ii) the date on which the Offering is fully
subscribed; provided, however, that we may, at our sole discretion, extend the offering for an additional 90 days or terminate
the Offering at an earlier date.</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif">The shares of Common Stock and
the Warrants are immediately separable and will be issued separately but will be purchased together in this offering.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.25pt 0 0; text-align: justify">Our common stock is currently quoted
on the OTCQB under the symbol &#8220;MSRT.&#8221; On September 30, 2015, the closing sale price of our common stock was $1.66 per
share. <U>Currently, there is no established public trading market in the United States for our common stock and quotes of our
stock on an OTCQB may not be indicative of the market price on a national securities exchange. </U>We are applying to list our
common stock on the NASDAQ Capital Market under the symbol &#8220;MSRT&#8221;. No assurance can be given that our application will
be approved. <STRIKE>Currently, n</STRIKE><U> N</U>o public market exists for our Warrants and we do not intend to apply for the
listing of the Warrants on any securities exchange. The shares of Common Stock and the Warrants are immediately separable and will
be issued separately but will be purchased together in this offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.25pt 0 0; text-align: justify">This offering will be conducted on
a &#8220;best-efforts&#8221; basis and no minimum amount of shares is required to be sold for the offering to proceed. If we raise
only a nominal amount of proceeds we may be unable to implement our business plan and we may have to raise additional capital and/or
suspend or cease operations and investors who participate in this offering may lose their entire investments. The Company may not
be able to sell the entire amount of securities available in this offering and a purchaser in the offering may be one of a very
limited number of buyers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.25pt 0 0; text-align: justify"><STRIKE>We have engaged Chardan Capital
Markets, LLC (&#8220;Chardan&#8221; or the &#8220;Placement Agent&#8221;) to act as our exclusive placement agent in connection
with this offering to assist in selling the securities. However, as of the date of this Prospectus, Chardan has not yet received
approval of its compensation from the Financial Industry Regulatory Authority (&#8220;FINRA&#8221;). Once Chardan receives FINRA&#8217;s
approval and, subsequently, places our securities pursuant to this Offering, we will pay Chardan the placement agent fee as follows:
<FONT STYLE="font-family: Times New Roman, Times, Serif">a cash fee equal to (i) 10% of the gross proceeds received from &#8220;Chardan
Contacts,&#8221; defined as accredited investors introduced to the Company by the Placement Agent, and (ii) 3% of the gross proceeds
received from investors who are not Chardan Contacts, but where Chardan acts as the executing broker for the sale. No payment will
be made where the investor is not a Chardan Contact and Chardan does not act as executing broker. See &#8220;Plan of Distribution&#8221;
</FONT>beginning on page 25 of <FONT STYLE="font-family: Times New Roman, Times, Serif">this Prospectus for more information regarding
these arrangements. </FONT>The Placement Agent is not required to arrange for the sale of any specific number of securities or
dollar amount but will use its &#8220;reasonable best efforts&#8221; to arrange for the sale of the securities. </STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 27pt">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our Officers and Directors will be making solicitations
of our securities directly on a best-efforts basis pursuant to his Offering. <FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT>None
of the officers or directors will receive any commission or compensation for the sale of the securities. <FONT STYLE="font-family: Times New Roman, Times, Serif">Because
there is no minimum offering amount required as a condition to closing in this offering, the</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">actual offering amount, the placement agent
fees and net proceeds to us, if any, in this offering may be substantially less than the maximum offering amounts set forth above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.25pt 0 0; text-align: justify"><U>If we engage one or more underwriters,
broker-dealers or selling agents (&#8220;Agents&#8221;) and enter into any such arrangements, our common stock may be sold through
such Agents. If we choose to sell our common stock through Agents, we will file a post-effective amendment to the Registration
Statement of which this Prospectus is a part to identify them. We expect that any such sales will be made on a best efforts </U><STRIKE>We
have no other arrangements with any underwriters, broker-dealers or selling agents for the sale of the securities, but we may enter
into such arrangements and agreements in the future. The Placement Agent will not have any obligation to purchase or accept any
shares. We</STRIKE><U>basis. We</U> have not made any arrangements to place funds in an escrow, trust or similar account. Accordingly,
if we file for bankruptcy protection or a petition for involuntary bankruptcy is filed by creditors against us, your funds will
become part of the bankruptcy estate and administered according to the bankruptcy laws. If a creditor sues us and obtains a judgment
against us, the creditor could garnish the bank account and take possession of the subscriptions. As such, it is possible that
a creditor could attach your subscription which could preclude or delay the return of money to you. If that happens, you may lose
your investment and your funds may be used to pay creditors. See &#8220;Plan of Distribution&#8221; beginning on page 25 of this
Prospectus for more information on this offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.25pt 0 0; text-align: justify"><B>Our common stock involves a high
degree of risk. You should read the &quot;RISK FACTORS&quot; section beginning on page 10 before you decide to purchase any of
our common stock.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.25pt 0 0; text-align: justify"><B>We qualify as an &#8220;emerging
growth company&#8221; as defined in the Jumpstart our Business Startups Act (&#8220;JOBS Act&#8221;). For more information, see
the prospectus section titled &#8220;Emerging Growth Company Status&#8221; starting on page 7.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.25pt 0 0; text-align: justify"><IMG SRC="image_005.gif" ALT="" STYLE="height: 2px; width: 266px"><B>
The Company has minimal 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. Investing in our securities
involves a high degree of risk. You should purchase these securities only if you can afford a complete loss of your investment.
See &#8220;Risk Factors&#8221; beginning on page 10 of this prospectus.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.25pt 0 0; text-align: justify"><B>Neither the Securities and Exchange
Commission (the &#8220;SEC&#8221;) nor any state securities commission has approved or disapproved of these securities or passed
upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 5.85pt 0 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 5.85pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center"><B><BR>
<BR>
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center">The date of this prospectus is [ ], 2015&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.25pt 0 6pt; text-align: center"><B>TABLE OF CONTENTS</B></P>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New (W1)">
    <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">4</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New (W1)">
    <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">8</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New (W1)">
    <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">9</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New (W1)">
    <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">10</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New (W1)">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">NOTE ABOUT FORWARD-LOOKING STATEMENTS</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 Times New (W1)">
    <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">21</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New (W1)">
    <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">21</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New (W1)">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">DILUTION</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">22</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New (W1)">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">DETERMINATION OF OFFERING PRICE</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">22</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New (W1)">
    <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">23</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New (W1)">
    <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">23</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New (W1)">
    <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">25</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New (W1)">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">DESCRIPTION OF BUSINESS</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">26</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New (W1)">
    <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">40</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New (W1)">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS, AND CONTROL PERSONS</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">41</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New (W1)">
    <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">45</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New (W1)">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">49</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New (W1)">
    <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">50</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New (W1)">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">53</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New (W1)">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">DECEMBER 31, 2014 FINANCIAL STATEMENTS</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">68</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New (W1)">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">March 31, 2015 FINANCIAL STATEMENTS (Unaudited)</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">83</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New (W1)">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">June 30, 2015 FINANCIAL STATEMENTS (Unaudited)</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">100</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New (W1)">
    <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">115</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New (W1)">
    <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">115</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New (W1)">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in">WHERE YOU CAN FIND MORE INFORMATION</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">115</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>You should rely only on the information
contained in this prospectus and any free writing prospectus prepared by us or on our behalf. We have not authorized anyone to
provide you with different or additional information. If anyone provides you with different or additional information, you should
not rely on it. The information in this prospectus is accurate only as of the date on the front of this prospectus. Our business,
financial condition, results of operations and prospects may have changed since the date of this prospectus. This prospectus is
not an offer or solicitation relating to the securities in any jurisdiction in which such an offer or solicitation relating to
the securities is not authorized. You should not consider this prospectus to be an offer or solicitation relating to the securities
if the person making the offer or solicitation is not qualified to do so, or if it is unlawful for you to receive such an offer
or solicitation.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">PROSPECTUS SUMMARY</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 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. 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 &#8220;Risk Factors&#8221; and
&#8220;Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations.&#8221; If you invest in our
securities, you are assuming a high degree of risk.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify"><I>Unless we have indicated otherwise or
the context otherwise requires, references in the prospectus to &#8220;MassRoots,&#8221; the &#8220;Company,&#8221; &#8220;we,&#8221;
&#8220;us&#8221; and &#8220;our&#8221; or similar terms are to MassRoots, Inc. Unless otherwise indicated, all share and per share
information relating to our common stock in this prospectus has been adjusted to reflect the &#8220;Exchange&#8221; which occurred
during our &#8220;Reorganization&#8221;. See &#8220;The Reorganization And Previous Offerings&#8221; for additional discussion
of the Exchange and Reorganization. </I></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify">The MassRoots Story &#8211; Our Company</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">MassRoots was formed in April 2013 as a social
network for the cannabis community. In July 2013, we launched in the App Store and since that time, have grown into a community
of 575,000 cannabis consumers. Our growth has been primarily driven by MassRoots&#8217; increasing popularity as one of the first
national cannabis brands and word of mouth virility from our users. We believe that by creating a central community of hundreds
of thousands of cannabis consumers, we are creating a valuable marketing and distribution channel for cannabis and its ancillary
products.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><IMG SRC="image_006.gif" ALT="" STYLE="height: 401px; width: 624px"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">We launched MassRoots for Business in early March 2015 as a free
online portal for cannabis-related businesses to schedule posts, view analytics and gain insights into their followers. Over 1,000
businesses, including 42% of the dispensaries in Colorado, were utilizing MassRoots for Business as of June 30, 2015. During August
2015, we began expanding its functionality to allow businesses to extend the reach of their posts and begin to monetize our network.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I><U>MassRoots&#8217; Value Proposition to
Advertisers:</U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">From July 2013 to August 2015, MassRoots&#8217;
sole focus was building an active and engaged community of hundreds of thousands of cannabis consumers. Much like Facebook&#8217;s
model, we believed that it would be far easier to on-board businesses and begin charging them advertising dollars once we had already
hit critical mass, which we believe we hit during the summer of 2015. The reasons we believe businesses will advertise on MassRoots
are:</P>

<UL STYLE="margin-top: 0in; list-style-type: disc; font-family: Times New Roman, Times, Serif">

<LI STYLE="margin: 0 0 12pt; text-align: justify; font-family: Times New Roman, Times, Serif"><I>Nature of MassRoots Users.</I>
The typical MassRoots user is an active cannabis consumer, which is the target demographic for cannabis-related businesses. MassRoots
allows these businesses to maximize their lead on target. Unlike other forms of advertising like billboard, banner and display
ads that are seen by the general population, every dollar spent on MassRoots advertising puts their product and service directly
in front of cannabis consumers.</LI>

<LI STYLE="margin: 0 0 12pt; text-align: justify; font-family: Times New Roman, Times, Serif"><I>Social Endorsements of Products
and Services.</I> The majority of cannabis consumers do not feel comfortable recommending cannabis-related products and services
on Facebook, Instagram and Twitter as their family and co-workers follow them on these networks. By introducing a social recommendation
tool similar to Facebook&#8217;s, MassRoots will allow cannabis consumers to recommend their favorite strains, products and services
to their friends on MassRoots and the community at large.</LI>

<LI STYLE="margin: 0 0 12pt; text-align: justify; font-family: Times New Roman, Times, Serif"><I>Necessity.</I> Currently, Google,
Facebook and Twitter prohibit dispensaries from advertising on their networks, forcing cannabis-related companies to rely on billboard
and other alternative forms of advertising that may be far less cost effective due to their broad and un-targeted nature. We believe
there is a need for a self-service advertising portal that enables cannabis-related businesses to reach potential customers by
digital channels. The MassRoots platform will be compelling for advertisers as it offers direct access to a precise segment of
their target market as well as an extensive set of metrics to determine the effectiveness of advertising campaigns.</LI>

<LI STYLE="margin: 0 0 12pt; text-align: justify; font-family: Times New Roman, Times, Serif"><I>Reaching Consumers on Mobile Devices.</I>
Mobile advertising is quickly becoming a valuable and effective way for businesses to market themselves. As MassRoots&#8217; users
are almost entirely mobile-based, MassRoots will provide cannabis businesses a unique and extremely valuable channel to reach cannabis
consumers directly on their mobile devices.</LI>

<LI STYLE="margin: 0 0 12pt; text-align: justify; font-family: Times New Roman, Times, Serif"><I>Location-Based Solutions.</I>
All users are required to allow MassRoots to access their location, giving us the ability to target advertisements based on a user&#8217;s
location. For advertisers with physical locations, this will enable them to target their advertising within a specific radius of
their store, ensuring their marketing reaches their target consumers. This will also provide demographic data on emerging cannabis
markets, providing value for companies as they improve their offerings locally and begin to expand their operations.</LI>

</UL STYLE="font-family: Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><I><U>MassRoots&#8217; Value Proposition
to Developers:</U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Over the coming months, we will be introducing
an Application Programming Interface (API) to developers looking to integrate MassRoots&#8217; network into their cannabis-related
platform. We believe the benefits to developers are:</P>

<UL STYLE="margin-top: 0in; list-style-type: disc; font-family: Times New Roman, Times, Serif">

<LI STYLE="margin: 0 0 12pt; text-align: justify; font-family: Times New Roman, Times, Serif"><I>One Click Registration and Sign-In.</I>
Users do not like creating usernames, passwords and profiles for every app and website they access, which underlies the recent
popularity of the &#8220;Sign in with Facebook&#8221; button. However, because the majority of cannabis consumers do not feel comfortable
syncing their Facebook profile with cannabis-related websites and apps, we believe there is a need for a &#8220;Login with MassRoots&#8221;
button on cannabis-related digital properties. This will not only allow users to sync data between applications and save time,
but also give developers access to data and services they otherwise would not have.</LI>

<LI STYLE="margin: 0 0 12pt; text-align: justify; font-family: Times New Roman, Times, Serif"><I>Real-Time Content Displayed on
Digital Properties.</I> Whether it is posts about a cannabis-related event, a particular strain of cannabis, or any given cannabis
product, MassRoots&#8217; approximately 575,000 users are constantly posting high-quality, user-generated content that developers
will be able to integrate and display on their own websites in real-time in a similar manner as Facebook Pages and Live Tweets.</LI>


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<LI STYLE="margin: 0 0 12pt; text-align: justify; font-family: Times New Roman, Times, Serif"><I>Content Distribution.</I> Similar
to users &#8220;Pinning&#8221; items on Pinterest, MassRoots&#8217; API will allow users to easily share cannabis-related photos,
articles, products and events they find on the Internet. This allows content providers to gage which products or articles are most
popular or &#8220;trending,&#8221; gain feedback from the cannabis community and boost their website traffic as they enhance their
social reputation.</LI>

</UL STYLE="font-family: Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><I><U>MassRoots&#8217; Value Proposition
to Investors:</U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">For investors looking to capitalize
on the rapidly growing cannabis industry permissible under laws of certain states, we believe MassRoots presents a unique and valuable
opportunity for the following reasons:</P>

<UL STYLE="margin-top: 0in; list-style-type: disc; font-family: Times New Roman, Times, Serif">

<LI STYLE="margin: 0 0 12pt; text-align: justify; font-family: Times New Roman, Times, Serif"><I>Owning a Marketing and Distribution
Channel. </I>By creating a network of end cannabis consumers, MassRoots is creating a valuable marketing and distribution channel
for cannabis and its ancillary products. Over the coming months, we plan to expand MassRoots&#8217; functionality to include live
inventory, live pricing and order ahead; we will be able to push these features to hundreds of thousands of cannabis consumers
already engaging with the MassRoots Platform, allowing us to expand and conquer adjacent verticals in the cannabis market.</LI>

<LI STYLE="margin: 0 0 12pt; text-align: justify; font-family: Times New Roman, Times, Serif"><I>Network Growth as a Barrier to
Entry.</I> Network effects have come to dominate consumer habits. Google+ failed to obtain a dominant market share in desktop-based
social networking because it wasn&#8217;t introduced until Facebook had already conquered the market. Similarly, when Facebook
introduced Poke as a competitor to SnapChat in late 2012, it failed to gain market share due to the market dominance already achieved
by SnapChat. Even if a well-financed competitor to MassRoots were to emerge, they would not only have to convince users on why
their platform is superior, but also get them to switch away from the network their friends are already using &#8211; every user
that MassRoots gains, every interaction that takes place on our network and every day that we grow, the barrier to entry grows
ever higher.</LI>

<LI STYLE="margin: 0 0 12pt; text-align: justify; font-family: Times New Roman, Times, Serif"><I>The Right Industry, the Right
Time, the Right Product.</I> MassRoots sits at the intersection of mobile technology and cannabis, two rapidly growing industries.
Per an October 2013 Gallup poll, 58% of the American people support the legalization of cannabis, while 14 states are projected
to pass adult-use laws and two states medical-use laws within the next five years. This is projected to cause cannabis sales permitted
under certain state laws to grow from $1.43 billion in 2013 to $10.2 billion by 2018. MassRoots has built a mobile network for
the cannabis community that has approximately 575,000 users and continues to rapidly grow. Over the coming months, we will be adding
new features for our users, advertisers and developers that will expand the reach and utility of our network, further accelerating
growth and creating significant shareholder value.</LI>

</UL STYLE="font-family: Times New Roman, Times, Serif">

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify">Government Regulation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our business plan includes allowing cannabis
dispensaries to advertise on our network which we believe could be deemed to be aiding and abetting illegal activities, a violation
of Federal law. We intend on remaining within the guidelines outlined in the Cole Memo (as more fully described in this prospectus),
which does not alter the Department of Justice's authority to enforce Federal law, including Federal laws relating to cannabis,
but does recommend that U.S. Attorneys prioritize enforcement of Federal law away from the cannabis industry operating as permitted
under certain state laws so long as certain conditions are met. However, we cannot provide assurance that we are <FONT STYLE="font-family: Times New Roman, Times, Serif">in
full compliance with the Cole Memo or any other laws or regulations</FONT></P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify">Company Information</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">We are a Delaware corporation. Our address
is 1624 Market Street, Suite 201, Denver, CO 80202, our telephone number is (720) 442-0052 and our website is www.MassRoots.com.
The information on our website or mobile apps is not a part of this prospectus.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify">Emerging Growth Company</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; 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="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">Section 107(b) of the JOBS Act provides
that an &#8220;emerging growth company&#8221; 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 &#8220;emerging growth company&#8221;
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="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">We could remain an &#8220;emerging growth
company&#8221; 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 are $1 billion, as adjusted, or more, (ii) the date that we become a &#8220;large accelerated filer&#8221; as defined
in Rule 12b-2 under the <FONT STYLE="font-family: Times New Roman, Times, Serif">Securities Exchange Act of 1934, as amended (the
&#8220;Exchange Act&#8221;)</FONT>, 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>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">THE OFFERING</P>

<TABLE CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; text-align: justify">Securities offered</TD>
    <TD STYLE="padding-right: 0.8pt; text-align: justify">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Up to <STRIKE>4,000,000</STRIKE><U>6,200,000</U>
        shares of our Common Stock, together with of up to <STRIKE>4,000,000</STRIKE><U>6,200,000</U> Warrants to purchase shares of Common
        Stock at a price equal to $[ ] per share for gross proceeds of up to $8,000,000, before deduction of offering expenses. This Prospectus
        also relates to the shares of Common Stock issuable upon exercise of the Warrants. The Warrants offered hereunder will not be listed
        on any securities exchange or quoted through any automated quotation system.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: justify">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; text-align: justify">Maximum Offering Amount</TD>
    <TD STYLE="padding-right: 0.8pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; text-align: justify">$8,000,000. There is no minimum offering amount required as a condition to closing this offering and as a result the actual amount raised in this offering may be significantly less than the Maximum Offering <STRIKE>Amount.</STRIKE><U>Amount. </U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; text-align: justify">Offering price</TD>
    <TD STYLE="padding-right: 0.8pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; text-align: justify">[ ]</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt">Description of Warrants</TD>
    <TD STYLE="padding-right: 0.8pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; text-align: justify">The Warrants will have an exercise price of $[ ] per share, subject to adjustment as set forth therein and will expire <STRIKE>[ ]</STRIKE><U>three</U> years from the date of issuance. The Warrants are exercisable immediately. Investors will receive [ ] Warrant for each share of common stock purchased in the Offering. </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt">Common stock issued and outstanding before this offering</TD>
    <TD STYLE="padding-right: 0.8pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">45,928,971</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt">Common stock issued and &nbsp;outstanding after this offering</TD>
    <TD STYLE="padding-right: 0.8pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; text-align: justify">[ ]</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 0.8pt; padding-left: 9pt; text-align: justify; text-indent: -9pt">Use of proceeds</TD>
    <TD STYLE="vertical-align: top; padding-right: 0.8pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.8pt; text-align: justify">MassRoots will use the net proceeds from this offering for our general corporate purposes and working capital, to accelerate user-growth, develop new feature sets for our mobile applications, expand the services we offer to businesses and to meet the enhanced corporate governance and reporting requirements mandated by the Nasdaq Capital Markets.&nbsp;&nbsp;See &#8220;Use of Proceeds.&#8221;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; text-align: justify">Risk factors</TD>
    <TD STYLE="padding-right: 0.8pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; text-align: justify">See &#8220;Risk Factors&#8221; beginning on page 10 and the other information set forth in this prospectus for a discussion of factors you should consider before deciding to invest in our securities.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt">Market for Common Stock</TD>
    <TD STYLE="padding-right: 0.8pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Since April 9, 2015, our common stock has been quoted on the OTCQB under the symbol &#8220;MSRT&#8221;. The last reported sale price of the Company&#8217;s common stock, as of September 30, 2015 was $1.66 per share. &nbsp;See &#8220;Market for Common Stock&#8221; on page 23. </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; text-align: justify">Dividends</TD>
    <TD STYLE="padding-right: 0.8pt; text-align: justify">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: justify">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="font: 10pt Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: justify">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: justify">The number of shares of our common
        stock outstanding before this offering excludes:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.8pt 0 38.25pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT>10,843,159 shares of common stock not included in this Offering that are issuable upon the exercise of warrants or convertible
        debentures currently outstanding;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.8pt 0 38.25pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT>2,920,000 shares of common stock issuable upon the exercise of options granted under our 2014 Equity Incentive Plan to certain
        employees and directors, not included in this Offering.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: justify">The number of shares of our common
        stock outstanding after this offering excludes:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.8pt 0 38.25pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT>10,843,159 shares of common stock not included in this Offering that are issuable upon the exercise of warrants or convertible
        debentures currently outstanding;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 38.25pt; text-indent: -0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT>2,920,000 shares of common stock issuable upon the exercise of options granted under our 2014 Equity Incentive Plan to certain
        employees and directors, not included in this Offering.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 38.25pt; text-indent: -0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT>[ ] shares of common stock issuable upon exercise of the Warrants registered in this Offering with an exercise price of
        $[ ] per share.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: justify"><U>The Maximum Offering Amount does
        not include any proceeds that may be received by us through the exercise of the Warrants included in this offering. </U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0 6pt; text-align: center">SUMMARY FINANCIAL DATA</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: justify">The following summary of our financial data
should be read in conjunction with, and is qualified in its entirety by reference to &#8220;Management&#8217;s Discussion and Analysis
of Financial Condition and Results of Operations&#8221; and our consolidated financial statements, appearing elsewhere in this
prospectus.&nbsp;&nbsp;</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"><B>Statements of Operations Data</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">For the year-ended<BR>
        December 31, 2014</P></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">For the quarter-ended<BR>
        March 31, 2015</P></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">For the quarter-ended<BR>
        June 30, 2015</P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD>Revenue </TD>
    <TD>&nbsp;</TD>
    <TD>$</TD>
    <TD COLSPAN="2">9,030</TD>
    <TD>$</TD>
    <TD>941</TD>
    <TD>$</TD>
    <TD>2,126</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD>Loss from operations</TD>
    <TD>&nbsp;</TD>
    <TD>$</TD>
    <TD COLSPAN="2">(1,607,223)</TD>
    <TD>$</TD>
    <TD>(564,810)</TD>
    <TD>$</TD>
    <TD>(1,491,005)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD>Net loss</TD>
    <TD>&nbsp;</TD>
    <TD>$</TD>
    <TD COLSPAN="2">(2,436,142)</TD>
    <TD>$</TD>
    <TD>(550,509&#9;)</TD>
    <TD>$</TD>
    <TD>(1,517,297)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 34%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 19%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Balance Sheet Data</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.45pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 1.45pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">As of<BR>
        December 31, 2014</P></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 1.45pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">As of<BR>
        March 31, 2015</P></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 1.45pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">As of<BR>
        June 30, 2015</P></TD></TR>
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: bottom; width: 35%; padding-right: 1.45pt">Cash</TD>
    <TD STYLE="vertical-align: bottom; width: 8%; padding-right: 1.45pt">$</TD>
    <TD STYLE="vertical-align: bottom; width: 15%; padding-right: 1.45pt">141,928</TD>
    <TD STYLE="vertical-align: top; width: 7%; padding-right: 1.45pt">$</TD>
    <TD STYLE="vertical-align: top; width: 15%; padding-right: 1.45pt">54,891</TD>
    <TD STYLE="vertical-align: top; width: 6%; padding-right: 1.45pt">$</TD>
    <TD STYLE="vertical-align: top; width: 14%; padding-right: 1.45pt">171,363</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 1.45pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 1.45pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt">Total assets</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt">$</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt">366,524</TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt">$</TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt">952,296</TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt">$</TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt">1,475,827</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 1.45pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 1.45pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt">Total liabilities</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt">$</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt">1,313,328</TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt">$</TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt">1,442,032</TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt">$</TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt">634,156</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 1.45pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 1.45pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-right: 1.45pt">Total stockholders&#8217; equity (deficit)</TD>
    <TD STYLE="padding-right: 1.45pt">$</TD>
    <TD STYLE="padding-right: 1.45pt">(946,799)</TD>
    <TD STYLE="padding-right: 1.45pt">$</TD>
    <TD STYLE="padding-right: 1.45pt">(489,736)</TD>
    <TD STYLE="padding-right: 1.45pt">$</TD>
    <TD STYLE="padding-right: 1.45pt">841,671</TD></TR>
</TABLE>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">RISK FACTORS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.25pt 0 0; text-align: justify"><I>You should carefully consider
the risks described below and other information in this prospectus, including the financial statements and related notes that appear
at the end of this prospectus, before deciding to invest in our securities. These risks should be considered in conjunction with
any other information included herein, including in conjunction with forward-looking statements made herein. If any of the following
risks actually occur, they could materially adversely affect our business, financial condition, operating results or prospects.
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="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><U>Risks Relating to Our Financial Condition</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 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="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The report of our independent registered
accounting firm expresses concern about our ability to continue as a going concern based on the absence of significant revenues,
our significant losses from operations and our need for additional financing to fund all of our operations. It is not possible
at this time for us to predict with assurance the potential success of our business. The revenue and income potential of our proposed
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="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>We have limited operational history
in an emerging industry, making it difficult to accurately predict and forecast business operation. </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">As we have less than three years of
corporate operational history and have only began to attempt to generate revenue, it is extremely difficult to make accurate predictions
and forecasts on our finances. This is compounded by the fact we operate in both the technology and cannabis industries, two rapidly
transforming industries. There is no guarantee our products or services will remain attractive to potential and current users as
these industries undergo rapid change or that potential customers will utilize our services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>As a growing technological company,
we have yet to achieve a profit and may not achieve a profit in the near future, if at all.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">We
have not yet produced a net profit and may not in the near future, if at all. While we expect our revenue to grow </FONT>significantly<FONT STYLE="font-family: Times New Roman, Times, Serif">,
we have not achieved profitability and cannot be certain that we will be able to sustain our current growth rate or realize sufficient
revenue to achieve profitability. Further, many of our competitors in the technological fields, such as Twitter, Inc., have a significantly
larger user base and revenue stream, but have yet to achieve profitability. Our ability to continue as a going concern may be dependent
upon raising capital from financing transactions, increasing revenue throughout the year and keeping operating expenses below our
revenue levels in order to achieve positive cash flows, none of which can be assured.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>We may require additional capital
to support business growth, and this capital might not be available on acceptable terms, if at all.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">We intend to continue to make investments
to support our business growth and may require additional funds to respond to business challenges, including the need to develop
new features and products or enhance our existing products, improve our operating infrastructure or acquire complementary businesses
and technologies. Accordingly, we may need to engage in equity or debt financings to secure additional funds. If we raise additional
funds through future issuances of equity or convertible debt securities, our existing stockholders could suffer significant dilution,
and any new equity securities we issue could have rights, preferences and privileges superior to those of holders of our common
stock. Any debt financing we secure in the future could involve restrictive covenants relating to our capital raising activities
and other financial and operational matters, which may make it more difficult for us to obtain additional capital and to pursue
business opportunities, including potential acquisitions. We may not be able to obtain additional financing on terms favorable
to us, if at all. If we are unable to obtain adequate financing or financing on terms satisfactory to us when we require it, our
ability to continue to support our business growth and to respond to business challenges could be impaired, and our business may
be harmed.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><U>Risks Relating to Our Business and Industry<BR>
<BR>
</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>Failure to properly scale our
network could result in diminished user experience.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">To date, we have been able to sustain
approximately 575,000 users with only minor issues. As we potentially scale to millions of users, the network's infrastructure
as it relates to storage space, bandwidth, processing ability, speed and other factors may begin to deteriorate or fail completely.
This may result in deteriorating user experience, system failures or system outages for continued periods of time. Additionally,
issues with cross- compatibility of our Android, iOS and Web properties may cause system glitches, failures or other technical
issues.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>New platform features or changes
to existing platform features could fail to attract new users, retain existing users or generate revenue.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Our business strategy is dependent on
its ability to develop platforms and features to attract new users and retain existing ones. Staffing changes, changes in user
behavior or development of competing networks may cause users to switch to alternative platforms or decrease their use of our platform.
To date, MassRoots for Business is only in its beginning stages and is has not begun to generate revenue. There is no guarantee
that companies and dispensaries will use these features and we may fail to generate revenue. Additionally, any of the following
events may cause decreased use of our properties:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#8226;&#9;Emergence of competing websites
and applications;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#8226;&#9;Inability to convince potential
users to join our network;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#8226;&#9;A decrease or perceived decrease
in the quality of posts on the network;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#8226;&#9;An increase in content that is irrelevant
to our users;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#8226;&#9;Technical issues on certain platforms
or in the cross-compatibility of multiple platforms;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#8226;&#9;An increase in the level of advertisements
may discourage user engagement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#8226;&#9;A rise in safety or privacy concerns;
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#8226;&#9;An increase in the level of spam
or undesired content on the network.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>Conflicts of interest may arise
from other business activities of our directors and officers.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Several of our officers and directors
are engaged in business activities outside of MassRoots that may cause conflicts of interest to arise. Our Chief Executive Officer,
Isaac Dietrich, is also the President of RoboCent, Inc. (&#8220;RoboCent&#8221;), a political technology company. Per RoboCent's
bylaws, it is party and cause-agnostic, meaning RoboCent is retained by candidates of both parties that may be supportive or opposed
to cannabis legalization. While RoboCent is not currently retained by any campaigns or political action committees directly related
to cannabis legalization, it is possible for it to be retained by committees seeking to pass or defeat cannabis legalization initiatives.
Mr. Dietrich is no longer involved in the day-to-day operations of RoboCent, nor is he involved RoboCent's client relations. Mr.
Dietrich spends less than one hour per week on RoboCent-related matters and spends 40+ hours per week on MassRoots-related work.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Our independent director, Tripp Keber,
is the Managing Partner of Dixie Elixirs &amp; Edibles (&#8220;Dixie&#8221;), a cannabis edibles brand in Colorado. Dixie is one
of MassRoots' partners in beta-testing advertising strategies; however, there is not currently a financial relationship between
the two companies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Our other independent director, Ean
Seeb, is also a partner at Denver Relief Consulting LLC. In this capacity, he advises dispensaries and other cannabis-related companies
on regulatory compliance, dispensary operations and marketing. His seat on the MassRoots Board of Directors may cause other cannabis-related
consulting agencies and competitors to Denver Relief Consulting LLC's clients to be hesitant to advertise with MassRoots. Potential
conflicts of interest may arise from Ean Seeb's position as Chairman of the National Cannabis Industry Association (&#8220;NCIA&#8221;),
the leading trade group of the cannabis industry. While MassRoots has been in agreement with the NCIA's decisions and actions to
date, we cannot guarantee conflicts will not arise in the future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Stewart Fortier, our director and our
Chief Technology Officer, Tyler Knight, our Chief Marketing Officer, and Daniel Hunt, our Chief Operating Officer, are not currently
involved in any business outside of MassRoots and devote 100% of their time towards MassRoots-related matters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>If we lose key management or significant
personnel, cannot recruit qualified employees, directors, officers, or other personnel or experience increases in our compensation
costs, our business may materially suffer.</I></B></P>


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<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 0 10pt; text-align: justify">We are highly dependent on our management
team, specifically Isaac Dietrich, Stewart Fortier, Tyler Knight and Daniel Hunt. While we have employment agreements currently
with Isaac Dietrich, Stewart Fortier, Tyler Knight and Daniel Hunt, which outlines their respective roles and responsibilities,
as Chief Executive Officer, Chief Technology Officer, Chief Marketing Officer, and Chief Operating Officer, such employment agreements,
permit the parties thereto to terminate such agreements upon notice. As such, each of these individuals may terminate their relationship
with us upon notice. If we lose key employees, our business may suffer. Furthermore, our future success will also depend in part
on the continued service of our key scientific and management personnel and our ability to identify, hire, and retain additional
personnel. We do not carry &#8220;key-man&#8221; life insurance on the lives of any of our employees or advisors. We experience
intense competition for qualified personnel and may be unable to attract and retain the personnel necessary for the development
of our business. Because of this competition, our compensation costs may increase significantly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>We will need to raise additional
capital to continue its operations over the coming year.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">We anticipate the need to raise approximately
$2,200,000 in additional capital to fund our operations through December 31, 2016; however, we hope to raise a significant amount
of these funds through the exercise of warrants. As of September 30, 2015, we would receive up to approximately $2.5 million from
the exercise of our warrants. We expect to use these cash proceeds from the exercise of warrants, in addition to the current capital
on hand, primarily to accelerate our user growth, implement consumer-facing features to boost engagement, develop and market a
self-service advertising portal for cannabis-related businesses, and remain in full legal and accounting compliance with the SEC.
We cannot guarantee that we will be able to raise these required funds or generate sufficient revenue to remain operational.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>Our monetization strategy is dependent
on many factors outside our control.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">There is no guarantee that our efforts
to monetize the MassRoots network will be successful. Furthermore, our competitors may introduce more advanced advertising portals
that deliver a greater value proposition to cannabis related businesses over the coming months. For example, Google, Facebook and
Twitter may decide to allow dispensary-related advertising on their platforms, significantly increasing the competitive environment.
Users may stop using our products for many reasons, including the addition of advertising, preventing any monetization from occurring.
The development of our advertising platform may take longer than expected and cost more money than projected. Dispensaries may
not have credit or bank cards due to banking regulations, which could significantly increase the cost and time required for us
to generate revenue. All these factors individually or collectively may preclude us from effectively monetizing our business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>Operating a network open to all
internet users may result in legal consequences.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Our Terms and Conditions clearly state
that our network and services are only to be used by users who are over 18 years old and located where the use of cannabis is permissible
under state law and only in a manner which would be permissible under the applicable state law. However, it is impractical to independently
verify that all activity occurring on our network fits into this description. As such, we run the risk of federal and state law
enforcement prosecution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">We have taken several steps which attempt
to prevent the use of our network in manners which violate our Terms and Conditions. When a user downloads our App from the Google
Play Marketplace or Apple App Store, MassRoots mandates that a user provides their location in order to create account. This location
is pulled directly from users&#8217; phones (with their permission) and if a user is not located in one of the 23 states with medical
cannabis laws, the application is locked and is unable to be used. We have disabled registration on web and mobile web until we
have the financial resources to accurately verify users&#8217; locations through their web browsers, so all prospective users must
register through our mobile applications. Lastly, the Google Play Marketplace and the iOS App Store only allow users that are 17
years of age and older to download our app.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">We have also implemented an aggressive
content reporting review policy to remove any content which violates our Terms and Conditions. We have introduced a system that
automatically flags any posts for review, removal, and possible account suspension that includes certain words such as &quot;gun&quot;
or &quot;acid.&#8221; As soon as content is flagged by one of MassRoots&#8217; automated systems or by another user, it is removed
from view until we have had the time to review the content.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Although the Obama Administration has
effectively stated that it is not an efficient use of resources to direct Federal law enforcement agencies to prosecute those following
certain state laws allowing for the use and distribution of medical and recreational cannabis, there can be no assurance that the
administration will not change its stated policy and begin enforcement of the Federal laws against us or our users. Additionally,
there can be no assurance that we will not face criminal prosecution from states where the use of cannabis is permitted for the
use of cannabis in ways which do not fall under the state law. Finally, even if we attempt to prevent the use of our product in
states where cannabis use is not permitted under state law, use of our app by those in such states may still occur and state authorities
may still bring an action against us for the promotion of cannabis related material by those residing in such states.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>Changes in Apple App Store or
Google Play Store policies could result in our mobile applications being de-listed.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">On November 4, 2014, the MassRoots App
was removed from Apple&#8217;s iOS App Store due to the App Store review team changing their app enforcement guidelines to prohibit
all social cannabis applications. After negotiation with Apple and the addition of certain restrictions, the MassRoots App returned
to the App Store in February 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">While we are grateful to Apple for reversing
its decision, we cannot guarantee this policy will remain in place forever. The Apple App Store is one of the largest content distribution
channels in the world and is the only way to effectively distribute software to the 41.6% of the United States population who own
iPhones and iPads. The Apple App Store review team effectively operates as our iOS App&#8217;s regulator &#8211; they decide what
rules that iOS apps must operate under and how to enforce those regulations. The rules related to cannabis-related apps are not
published, appear to be arbitrarily enforced, and the review and appeal processes are conducted in secret without public oversight.
While we will continue pushing for a more open and transparent App Store review process that will allow decisions that affect 41.6%
of the United States population to be open to public scrutiny, there can be no assurance that we will be successful in these efforts.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">MassRoots has not encountered issues
with the Google Play Store nor have any of our competitors. However, under their respective developer license agreements, Apple
and Google have the right to update their App Store and Play Store policies, respectfully, to prohibit cannabis-related applications
at any time. This could result in many prospective users being unable to access and join our network and existing users being unable
to access our App. If this occurred, this would significantly harm our business model.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>Failure to generate user growth
or engagement could greatly harm our business model.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Our business model is reliant on its
ability to attract and retain new users. There is no guarantee that growth strategies used in the past will continue to bring new
users to the network. Changes in relationships with our partners, contractors and businesses we retain to grow the network may
result in significant increases in the cost to acquire new users. Additionally, new users may fail to engage with the network to
the same extent current users are, resulting in decreased usage of the network. Decreases in the size of our user base and/or decreased
engagement on the network would greatly impair our ability to generate revenue.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>Failure to attract advertising
clients could greatly harm our ability to generate revenue</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Our ability to generate revenue is dependent
on the continued growth of the network and its ability to convince advertisers of its value. Should we prove unable to continue
to grow its network or register advertising partners as the network grows, its ability to generate revenue would be greatly compromised.
There is no guarantee businesses will want to advertise on our network or that we will be able to generate revenue from its existing
user base.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>Our proposed business is dependent
on state laws pertaining to the cannabis industry. </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">As of June 30, 2015, 23 states and the
District of Columbia allow their citizens to use medical cannabis. Additionally, Colorado, Washington, Alaska, Oregon and Washington
DC have legalized cannabis for adult use at the state (or district) level. Continued development of the cannabis industry is dependent
upon continued legislative authorization of cannabis at the state level. Any number of factors could slow or halt progress in this
area. Further, progress in the cannabis industry, while encouraging, is not assured. While there may be ample public support for
legislative action, numerous factors impact the legislative process. Any one of these factors could slow or halt use of cannabis,
which would negatively impact our proposed business.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>Cannabis remains illegal under
Federal law.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Despite the development of a legal cannabis
industry under the laws of certain states, these state laws legalizing medical and adult cannabis use are in conflict with the
Federal Controlled Substances Act, which classifies cannabis as a schedule-I controlled substance and makes cannabis use and possession
illegal on a national level. The United States Supreme Court has ruled that it is the Federal government that has the right to
regulate and criminalize cannabis, even for medical purposes, and thus Federal law criminalizing the use of cannabis preempts state
laws that legalize its use. However, the Obama Administration has effectively stated that it is not an efficient use of resources
to direct Federal law enforcement agencies to prosecute those lawfully abiding by state-designated laws allowing the use and distribution
of medical and recreational cannabis. Yet, there is no guarantee that the Obama Administration will not change its stated policy
regarding the low-priority enforcement of Federal laws in states where cannabis has been legalized. Additionally, we face another
presidential election cycle in 2016, and a new administration could introduce a less favorable policy or decide to enforce the
Federal laws strongly. Any such change in the Federal government&#8217;s enforcement of Federal laws could cause significant financial
damage to us and our shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>As the possession and use of cannabis
is illegal under the Federal Controlled Substances Act, we may be deemed to be aiding and abetting illegal activities through the
services that we provide to users and advertisers. As a result, we may be subject to enforcement actions by law enforcement authorities,
which would materially and adversely affect our business.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Under Federal law, and more specifically
the Federal Controlled Substances Act, the possession, use, cultivation, and transfer of cannabis is illegal. Our business provides
services to customers that were engaged in the business of possession, use, cultivation, and/or transfer of cannabis. As a result,
law enforcement authorities, in their attempt to regulate the illegal use of cannabis, may seek to bring an action or actions against
us, including, but not limited, to a claim of aiding and abetting another&#8217;s criminal activities. The Federal aiding and abetting
statute provides that anyone who &#8220;commits an offense against the United States or aids, abets, counsels, commands, induces
or procures its commission, is punishable as a principal.&#8221; 18 U.S.C. &sect;2(a). As a result of such an action, we may be
forced to cease operations and our investors could lose their entire investment. Such an action would have a material negative
effect on our business and operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>Federal enforcement practices
could change with respect to services providers to participants in the cannabis industry, which could adversely impact us. If the
Federal government were to change its practices, or were to expend its resources attacking providers in the cannabis industry,
such action could have a materially adverse effect on our operations, our customers, or the sales of our products.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">It is possible that additional Federal
or state legislation could be enacted in the future that would prohibit our advertisers from selling cannabis, and, if such legislation
were enacted, such advertisers may discontinue the use of our services, our potential source of customers would be reduced, causing
revenues could decline. Further, additional government disruption in the cannabis industry could cause potential customers and
users to be reluctant use and advertise on our products, which would be detrimental to the Company. We cannot predict the nature
of any future laws, regulations, interpretations or applications, nor can we determine what effect additional governmental regulations
or administrative policies and procedures, when and if promulgated, could have on our business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>Government actions could result
in our products and services being unavailable in certain geographic regions, harming future growth.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Due to our connections to the cannabis
industry, governments and government agencies could ban or cause our network or apps to become unavailable in certain regions and
jurisdictions. This could greatly impair or prevent us from registering new users in affected areas and prevent current users from
accessing the network. In addition, government action taken against our service providers or partners could cause our network to
become unavailable for extended periods of time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>User engagement and growth depends
on software and device updates beyond our control.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Our applications and websites are currently
available on multiple operating systems, including iOS and Android, across multiple different manufacturers, including Motorola,
LG, Apple and Samsung, on thousands of different individual devises. Changes to the device infrastructure or software updates on
these devises could render our platforms and services useless or inoperable. This could prevent potential users from registering
with us, decrease engagement among current users and devalue our value proposition to advertisers.&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>We may be unable to manage growth,
which may impact our potential profitability.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Successful implementation of our business
strategy requires us to manage our growth. &nbsp;Growth could place an increasing strain on our management and financial resources.
&nbsp;To manage growth effectively, we will need to:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Establish definitive business strategies,
goals and objectives;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Maintain a system of management controls;
and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Attract and retain qualified personnel,
as well as, develop, train and manage management-level and other employees. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">If we fail to manage our growth effectively,
our business, financial condition or operating results could be materially harmed, and our stock price may decline.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>We may not be able to compete
successfully with other established companies offering the same or similar services and, as a result, we may not achieve our projected
revenue and user targets.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">If we are unable to compete successfully
with other businesses in our existing market, we may not achieve our projected revenue and/or user targets. We compete with both
start-up and established technology companies. Compared to our business, some of our competitors may have greater financial and
other resources, have been in business longer, have greater name recognition and be better established in the technological or
cannabis markets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>Expansion by our well-established
competitors into the cannabis industry could prevent us from realizing anticipated growth in users and revenues.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Our competitors, such as Twitter and
Facebook, have continued to expand their businesses in recent years into other social network markets. If they decided to expand
their social networks into the cannabis community, this could hurt the growth of our business and user base and cause our revenues
to be lower than we expect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>Government regulation of the Internet
and e-commerce is evolving, and unfavorable changes could substantially harm our business and results of operations.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">We are subject to general business regulations
and laws as well as Federal and state regulations and laws specifically governing the Internet and e-commerce. Existing and future
laws and regulations may impede the growth of the Internet, e-commerce or other online services, and increase the cost of providing
online services. These regulations and laws may cover sweepstakes, taxation, tariffs, user privacy, data protection, pricing, content,
copyrights, distribution, electronic contracts and other communications, consumer protection, broadband residential Internet access
and the characteristics and quality of services. It is not clear how existing laws governing issues such as property ownership,
sales, use and other taxes, libel and personal privacy apply to the Internet and e-commerce. Unfavorable resolution of these issues
may harm our business and results of operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>If we have material weaknesses
in the financial reporting of our company, it may cause us to restate our financial statements in the event such weaknesses are
determined to not be acceptable to financial reporting requirements.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">While our review of material weaknesses
is ongoing, if we discover any weaknesses that could cause us to have to restate our financial statements, this could cause us
to expend additional funds that would have a material impact on our ability to generate profits and on the profits of our business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>We will be dependent on clients
that want to use the Internet and Mobile Applications.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Our ability to maintain consistent business
depends in part upon our ability to acquire new clients. Our inability to gain new clients during periods of high unemployment
could increase our costs and could cause a slowdown in business with the sales of our products or cause us to temporarily close
our business. If we temporarily close our business, we may experience a significant reduction in revenue during the time affected
by the closure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>The failure to enforce and maintain
our intellectual property rights could enable others to use names confusingly similar to MassRoots, Inc. and other names and marks
used by our business, which could adversely affect the value of the brand.</I></B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The success of our business depends
on our continued ability to use our existing trade name in order to increase our brand awareness. In that regard, we believe that
our trade name is valuable asset that is critical to our success. The unauthorized use or other misappropriation of our trade name
could diminish the value of our business concept and may cause a decline in our revenue.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>Any new indebtedness may adversely
affect our financial condition, results of operations, limit our operational and financing flexibility and negatively impact our
business.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Any revolving credit facility, and other
debt instruments we may enter into in the future, may have negative consequences to our business, including but not limited to
the following:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Our ability to obtain financing for working
capital, capital expenditures, acquisitions or general corporate purposes may be impaired;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">We may use a substantial portion of our
cash flows from operations to pay interest on any new indebtedness, which will reduce the funds available to us for operations
and other purposes;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Our level of indebtedness could place
us at a competitive disadvantage compared to our competitors that may have proportionately less debt;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Our flexibility in planning for, or reacting
to, changes in our business and the industry in which we operate may be limited; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Our level of indebtedness may make us
more vulnerable to economic downturns and adverse developments in our business.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">We expect that we will depend primarily
upon invested capital to provide funds to pay our expenses and to pay any amounts that may become due under any new credit facility
and any other indebtedness we may incur. Our ability to make these payments depends on our future performance, which will be affected
by various financial, business, economic and other factors, many of which we cannot control.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>We depend on the services of key
executives, the loss of who could materially harm our business and our strategic direction if we were unable to replace them with
executives of equal experience and capabilities.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Our senior executives, Isaac Dietrich,
Tyler Knight, Daniel Hunt, and Stewart Fortier, are important to our success because they are instrumental in setting our strategic
direction, operating our business, identifying, expansion opportunities and arranging any necessary financing. Losing the services
of these individuals could adversely affect our business until suitable replacements could be found. We do not maintain key person
life insurance policies on any of our executives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>We expect to incur substantial
expenses to meet our reporting obligations as a public company. In addition, failure to maintain adequate financial and management
processes and controls could lead to errors in our financial reporting and could harm our ability to manage our expenses.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">We estimate that it will cost approximately
$150,000 annually to maintain the proper management and financial controls for our filings required as a public reporting company.
In addition, if we do not maintain adequate financial and management personnel, processes and controls, we may not be able to accurately
report our financial performance on a timely basis, which could cause a decline in our stock price and adversely affect our ability
to raise capital.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>Due to our involvement in the
cannabis industry, we may have a difficult time obtaining the various insurances that are desired to operate our business, which
may expose us to additional risk and financial liabilities.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Insurance that is otherwise readily
available, such as workers compensation, general liability, and directors and officers insurance, is more difficult for us to find,
and more expensive, because we were service providers to companies in the medicinal cannabis industry. There are no guarantees
that we will be able to find such insurances in the future, or that the cost will be affordable to us. If we are forced to go without
such insurances, it may prevent us from entering into certain business sectors, may inhibit our growth, and may expose us to additional
risk and financial liabilities.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>Participants in the cannabis industry
may have difficulty accessing the service of banks, which may make it difficult for us to operate. </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Despite recent rules issued by the United
States Department of the Treasury mitigating the risk to banks who do business with cannabis companies operating in compliance
with applicable state laws, as well as recent guidance from the United States Department of Justice, banks remain weary to accept
funds from businesses in the cannabis industry. Since the use of cannabis remains illegal under Federal law, there remains a compelling
argument that banks may be in violation of Federal law when accepting for deposit funds derived from the sale or distribution of
cannabis. Consequently, businesses involved in the cannabis industry continue to have trouble establishing banking relationships.
An inability to open bank accounts may make it difficult for us, or some of our advertisers, to do business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><U>Risks Relating to our Common Stock
and Offering</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>We may allocate net proceeds from
this offering in ways which differ from our estimates based on our current plans and assumptions discussed in the section entitled
&#8220;Use of Proceeds&#8221; and with which you may not agree.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The allocation of net proceeds of the
offering set forth in the &#8220;Use of Proceeds&#8221; section below represents our estimates based upon our current plans and
assumptions regarding industry and general economic conditions, our future revenues and expenditures. The amounts and timing of
our actual expenditures will depend on numerous factors, including user growth, success of our MassRoots for Business initiatives,
cash generated by our operations and business developments. We may find it necessary or advisable to use portions of the proceeds
from this offering for other purposes. Circumstances that may give rise to a change in the use of proceeds and the alternate purposes
for which the proceeds may be used are discussed in the section entitled &#8220;Use of Proceeds&#8221; below. You may not have
an opportunity to evaluate the information on which we base our decisions on how to use the proceeds and may not agree with the
decisions made. Additional information is available in the &#8220;Use of Proceeds&#8221; section of this Registration Statement
of which this Prospectus is a part of.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>The market price for our common
stock will be particularly volatile given our status as a relatively unknown company, with a limited operating history and lack
of profits which could lead to wide fluctuations in our share price. You may be unable to sell your common stock at or above your
purchase price, which may result in substantial losses to you.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Our stock price will be particularly
volatile when compared to the shares of larger, more established companies that trade on a national securities exchange and have
large public floats. &nbsp;The volatility in our share price will be attributable to a number of factors. &nbsp;First, our common
stock will be compared to the shares of such larger, more established companies, sporadically and thinly traded. &nbsp;As a consequence
of this limited liquidity, the trading of relatively small quantities of shares by our shareholders may disproportionately influence
the price of those shares in either direction. &nbsp;The price for our shares could decline precipitously in the event that a large
number of our common stock are sold on the market without commensurate demand. &nbsp;Secondly, we are a speculative or &#8220;risky&#8221;
investment due to our limited operating history and lack of profits to date, and uncertainty of future market acceptance for our
potential products. &nbsp;As a consequence of this enhanced risk, more risk-adverse investors may, under the fear of losing all
or most of their investment in the event of negative news or lack of progress, be more inclined to sell their shares on the market
more quickly and at greater discounts than would be the case with the stock of a larger, more established company that trades on
a national securities exchange and has a large public float. &nbsp;Many of these factors are beyond our control and may decrease
the market price of our common stock, regardless of our operating performance. &nbsp;We cannot make any predictions or projections
as to what the prevailing market price for our common stock will be at any time. Moreover, the OTCQB 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify"><B><I>Since our securities are subject
to penny stock rules you may have difficulty selling your shares.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify">Our shares of common stock are &#8220;penny
stocks&#8221; and are covered by Section 12(g) of the 1934 Securities and Exchange Act which imposes additional sales practices
which requires broker/dealers who sell our securities, including the delivery of a standardized disclosure document; disclosure
and confirmation of quotation prices; disclosure of compensation the broker/dealer receives; and furnishing monthly account statements.
&nbsp;For sales of our</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify">securities a broker/dealer must make a
special suitability determination and receive from its client a written agreement prior to making a sale. &nbsp;The imposition
of the foregoing additional sales practices could adversely affect a shareholder&#8217;s ability to dispose of his stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify"><B><I>Our stockholders may experience
significant dilution from the exercise of warrants to purchase shares of our Common Stock and the conversion of debentures into
shares of our Common Stock. </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify">We currently have outstanding warrants
to purchase a total of 3,597,500 shares of our common stock at an exercise price of $0.40; outstanding warrants to purchase 3,963,659
shares of our common stock at an exercise price of $0.001 per share; outstanding warrants to purchase 866,000 shares of our common
stock at an exercise price of $1.00 per share; outstanding warrants to purchase 175,000 shares of our common stock at an exercise
price of $0.90 per share, outstanding warrants to purchase 100,000 shares of our common stock at an exercise price of $0.50 per
share, and outstanding warrants to purchase 50,000 shares of our common stock at an exercise price of $0.60 per share. Further,
we have outstanding convertible debentures in the aggregate amount of $209,100 redeemable via conversion into shares of our common
stock at $0.10 per share. Lastly, under the 2014 Employee Equity Incentive Plan, there are 1,750,000 options exercisable at $0.10
per share, 1,065,000 options at $0.50 per share and 105,000 options at $0.60 per share. Accordingly, if such warrants and options
are exercised and debentures are converted, in whole or part, prior to their respective expiration dates, you may experience substantial
dilution. 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="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify"><B><I>Because we can issue additional
shares of common stock, purchasers of our common stock may incur immediate dilution and experience further dilution.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify">We are authorized to issue up to 200,000,000
shares of common stock, of which 45,928,971 shares of common stock are issued and outstanding as of September 30, 2015. Our Board
of Directors has the authority to cause us to issue additional shares of common stock and to determine the rights, preferences
and privileges of such shares, without consent of any of our stockholders. Consequently, the stockholders may experience more dilution
in their ownership of our stock in the future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>We are applying for listing of our common
stock and the warrants issued in this offering on the NASDAQ Capital Market. If we fail to comply with the continuing listing standards
of the NASDAQ Capital Market, our securities could be delisted.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We expect that our common stock will be eligible
to be listed on the NASDAQ Capital Market. For our common stock to be listed on the NASDAQ Capital Market, we must meet the current
NASDAQ Capital Market initial and continued listing requirements. If we were unable to meet these requirements, our common stock
could be delisted from the NASDAQ Capital Market. If our common stock were to be delisted from the NASDAQ Capital Market, our common
stock could continue to trade on the over-the-counter bulletin board following any delisting from the NASDAQ Capital Market. Any
such delisting of our common stock could have an adverse effect on the market price of, and the efficiency of the trading market
for, our common stock, not only in terms of the number of shares that can be bought and sold at a given price, but also through
delays in the timing of transactions and less coverage of us by securities analysts, if any. Also, if in the future we were to
determine that we need to seek additional equity capital, it could have an adverse effect on our ability to raise capital in the
public or private equity markets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>We may be required to complete
a reverse stock split of our outstanding common stock in order to meet the initial listing requirements of the NASDAQ Capital Market.
However, we cannot assure you that we will be able to continue to comply with the minimum price requirements of the NASDAQ Capital
Market.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">We may be required to complete a reverse
stock split in order to achieve the requisite increase in the market price of our common stock to be in compliance with the minimum
price requirements of the NASDAQ Capital Market. We cannot assure you that the market price of our common stock following the reverse
stock split will remain at the level required for the period of time required for listing or for continuing compliance with that
requirement. It is not uncommon for the market price of a company&#8217;s common stock to decline in the period following a reverse
stock split. If the market price of our common stock declines following the effectuation of a reverse stock split, the percentage
decline may be greater than would occur in the absence of a reverse stock split. In any event, other factors unrelated to the number
of shares of our common stock outstanding, such as negative financial or operational results, could adversely affect the market
price of our common stock and jeopardize our ability to obtain or maintain</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">the NASDAQ Capital Market&#8217;s minimum
price requirements. In addition to specific listing and maintenance standards, the NASDAQ Capital Market have broad discretionary
authority over the initial and continued listing of securities, which it could exercise with respect to the listing of our common
stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>Even if a reverse stock split
increases the market price of our common stock, there can be no assurance that we will be able to comply with other initial or
continued listing standards of the NASDAQ Capital Market.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Even if the market price of our common
stock increases sufficiently so that we comply with the minimum bid price requirement, we cannot assure you that we will be able
to comply with the other standards that we are required to meet in order to achieve or maintain a listing of our common stock sold
in this offering on the NASDAQ Capital Market. Our failure to meet these requirements may result in our common stock sold in this
offering being delisted from the NASDAQ Capital Market, irrespective of our compliance with the minimum bid price requirement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>A reverse stock split may decrease the
liquidity of the shares of our common stock.</I></B></P>

<P STYLE="font: 10pt 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">The liquidity of the shares of our common stock
may be affected adversely by a reverse stock split given the reduced number of shares that will be outstanding following a reverse
stock split, especially if the market price of our common stock does not increase as a result of the reverse stock split.</P>

<P STYLE="font: 10pt 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"><B><I>Following a reverse stock split, the
resulting market price of our common stock may not attract new investors, including institutional investors, and may not satisfy
the investing requirements of those investors. Consequently, the trading liquidity of our common stock may not improve.</I></B></P>

<P STYLE="font: 10pt 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">Although we believe that a higher market price
of our common stock may help generate greater or broader investor interest, we cannot assure you that the reverse stock split will
result in a share price that will attract new investors.</P>

<P STYLE="font: 10pt 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"><B><I>We are classified as an &#8220;emerging
growth company&#8221; as well as a &#8220;smaller reporting company&#8221; 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="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; 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. &nbsp;We cannot predict if investors will find our
common stock less attractive because we may rely on these exemptions. &nbsp;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="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Section 107 of the JOBS Act provides
that an &#8220;emerging growth company&#8221; 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. &nbsp;In other words, an &#8220;emerging growth company&#8221;
can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. &nbsp;&nbsp;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="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">We could remain an &#8220;emerging growth
company&#8221; 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 &#8220;large accelerated filer&#8221; 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="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Notwithstanding the above, we are also
currently a &#8220;smaller reporting company.&#8221; Specifically, similar to &#8220;emerging growth companies,&#8221; &#8220;smaller
reporting companies&#8221; 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.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Decreased disclosures in our SEC filings
due to our status as an &#8220;emerging growth company&#8221; or &#8220;smaller reporting company&#8221; may make it harder for
investors to analyze our results of operations and financial prospects.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Because directors and officers currently
and for the foreseeable future will continue to control MassRoots, it is not likely that you will be able to elect directors or
have any say in the policies of MassRoots.</I></B></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">Our shareholders are not entitled to cumulative
voting rights. Consequently, the election of directors and all other matters requiring shareholder approval will be decided by
majority vote. The directors and officers of MassRoots beneficially own approximately 58% of our outstanding common stock.&nbsp;&nbsp;Due
to such significant ownership position held by our insiders, new investors may not be able to effect a change in our business or
management, and therefore, shareholders would have no recourse as a result of decisions made by management.</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">In addition, sales of significant amounts of
shares held by our officer and directors, or the prospect of these sales, could adversely affect the market price of our common
stock. Management&#8217;s stock ownership may discourage a potential acquirer from making a tender offer or otherwise attempting
to obtain control of us, which in turn could reduce our stock price or prevent our stockholders from realizing a premium over our
stock price.</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: justify"><B><I>Since we intend to retain any earnings
for development of our business for the foreseeable future, you will likely not receive any dividends for the foreseeable future.</I></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: justify">We have never declared or paid any cash dividends
or distributions on our capital stock. We currently intend to retain our future earnings to support operations and to finance expansion
and therefore we do not anticipate paying any cash dividends on our common stock in the foreseeable future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">NOTE ABOUT FORWARD-LOOKING STATEMENTS</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 0 12pt; text-align: justify">Statements under, &#8220;Prospectus
Summary,&#8221; &#8220;Risk Factors,&#8221; &#8220;Management&#8217;s Discussion and Analysis of Financial Condition and Results
of Operations,&#8221; &#8220;Description of Business&#8221; and elsewhere in this prospectus may be &quot;forward-looking statements.&quot;
Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies,
predictions or any other statements relating to our future activities or other future events or conditions. These statements include,
among other things, statements regarding:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px; padding-bottom: 6pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#8226;</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">the growth of our business and revenues and our expectations about the factors that influence our success;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px; padding-bottom: 6pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#8226;</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">our plans to continue to invest in systems, facilities, and infrastructure, increase our hiring and grow our business;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px; padding-bottom: 6pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#8226;</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">our plans for our MassRoots for Business portal and the strategy and timing of any plans to monetize our network, including the paid conversion rates;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px; padding-bottom: 6pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#8226;</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">our user growth expectations;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px; padding-bottom: 6pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#8226;</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">our ability to attain funding and the sufficiency of our sources of funding;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px; padding-bottom: 6pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#8226;</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">our expectation that our cost of revenues, development expenses, sales and marketing expenses, and general and administrative expenses will increase;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px; padding-bottom: 6pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#8226;</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">fluctuations in our capital expenditures;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px; padding-bottom: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#8226;</FONT></TD>
    <TD STYLE="padding-bottom: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">our plans for potential business partners and any acquisition plans;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-weight: normal">as well
as other statements regarding our future operations, financial condition and prospects, and business strategies. These statements
are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management.
These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to
predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted
in the forward-looking statements due to numerous factors, including those described above and those risks discussed from time
to time in this registration statement, of which this prospectus is a part, including the risks described under &quot;Risk Factors.&#8221;
Any forward-</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-weight: normal">looking
statements speak only as of the date on which they are made, and we do not undertake any obligation to update any forward-looking
statement to reflect events or circumstances that occur in the future. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-weight: normal">If one
or more of these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results
may vary materially from what we may have projected. Any forward-looking statements you read in this prospectus reflect our current
views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to our operations,
results of operations, financial condition, growth strategy and liquidity. You should specifically consider the factors identified
in this prospectus that could cause actual results to differ before making an investment decision.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">TAX CONSIDERATIONS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; 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="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">USE OF PROCEEDS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">MassRoots will use the net proceeds from this
offering for our general corporate purposes and working capital, to accelerate user-growth, develop new feature sets for our mobile
applications, expand the services we offer to businesses and to meet the enhanced corporate governance and reporting requirements
mandated by the Nasdaq Capital Markets. Any proceeds received by the Company may be used for growing our network, general corporate
purposes and working capital, acquisitions or assets, businesses or operations or for other purposes that the Board of Directors,
in its good faith, deems to be in the best interest of the Company. The Company does not have any current plans or arrangements
for specific acquisitions. Below is our estimate of how we expect the proceeds to be used if we sell 25%, 50%, 75% and the entire
offering:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; 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 NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Sale&nbsp;of 25% </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Sale&nbsp;of 50% </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Sale&nbsp;of 75% </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Sale&nbsp;of 100% </B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Use&nbsp;of&nbsp;Proceeds </B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>of the Offering</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>of the Offering</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>of the Offering</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>of the Offering</B></FONT></TD></TR>
<TR>
    <TD STYLE="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">Gross Proceeds</FONT></TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="width: 13%; padding-right: 3.5pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">2,000,000</FONT></TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="width: 13%; padding-right: 4.75pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">4,000,000</FONT></TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="width: 13%; padding-right: 5.2pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">6,000,000</FONT></TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">8,000,000</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">Offering expenses <STRIKE><SUP>(1)</SUP></STRIKE></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: #222222"><U>10</U><STRIKE>25</STRIKE>0,000</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="padding-right: 4.75pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>11</U><STRIKE>50</STRIKE>0,000</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="padding-right: 5.2pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif"><STRIKE>700,000</STRIKE><U>120,000</U></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif"><STRIKE>900,000</STRIKE><U>130,000</U></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">Net proceeds</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: #222222">1,<U>9</U><STRIKE>8</STRIKE>00,000</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="padding-right: 4.75pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: #222222">3,<U>89</U><STRIKE>60</STRIKE>0,000</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="padding-right: 5.2pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: #222222">5,<U>880</U><STRIKE>450</STRIKE>,000</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: #222222">7,<U>870</U><STRIKE>300</STRIKE>,000</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">Marketing, sales and business development</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: #222222"><U>1,000</U><STRIKE>950</STRIKE>,000</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="padding-right: 4.75pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: #222222"><U>2</U><STRIKE>2</STRIKE>,<U>50</U><STRIKE>25</STRIKE>0,000</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="padding-right: 5.2pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: #222222"><U>3</U><STRIKE>3</STRIKE>,<U>5</U><STRIKE>1</STRIKE>00,000</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: #222222"><U>4</U><STRIKE>3</STRIKE>,<U>1</U><STRIKE>9</STRIKE>00,000</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">Working capital and operating expenses</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>800</U><STRIKE>750</STRIKE>,000</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="padding-right: 4.75pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">1,<U>240</U><STRIKE>200</STRIKE>,000</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="padding-right: 5.2pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">2,0<U>3</U><STRIKE>0</STRIKE>0,000</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>3</U><STRIKE>2</STRIKE>,<U>270</U><STRIKE>900</STRIKE>,000</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">Reserved for special projects</FONT></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: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: #222222">100,000</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="padding-right: 4.75pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">150,000</FONT></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: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="padding-right: 5.2pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">350,000</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">500,000</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><STRIKE>(1) Includes payments to the Placement
Agent, assuming that the all sales are to Chardan Contacts and estimates of filing fees, legal costs, and other expenses related
to the Offering. </STRIKE></P>

<P STYLE="font: 10pt 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">The allocation of the net proceeds of the offering
set forth above represents our estimates based upon our current plans and assumptions regarding industry and general economic conditions,
our future revenues and expenditures. The amounts and timing of our actual expenditures will depend upon numerous factors, including
market conditions, cash generated by our operations, business developments and related rate of growth. We may find it necessary
or advisable to use portions of the proceeds from this offering for other purposes.<U> </U></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">Circumstances that may give rise to a change
in the use of proceeds for which the proceeds may be used include:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</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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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">the need or desire on our part to accelerate, increase or eliminate existing initiatives due to,
among other things, changes in our projections relating to user count, changing market conditions (due to either the cannabis and/or
technological sectors) and/or new competitive developments;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">the existence of other opportunities or the need to take advantage of changes in timing of our
existing activities; and/or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">if strategic opportunities of which we are not currently aware present themselves, including acquisitions,
joint ventures or other similar transactions.</TD></TR></TABLE>

<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">From time to time, we evaluate these and other
factors and we anticipate continuing to make such evaluations to determine if the existing allocation of capital, including the
proceeds of this offering, is being optimized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">DILUTION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If you invest in our securities, your interest
will be immediately and substantially diluted to the extent of the difference between the public offering price per share of our
Common Stock and the pro forma net tangible book value per share of our common stock after giving effect to this Offering.</P>

<P STYLE="font: 10pt 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">Our net tangible book value as of June 30,
2015 was $1,475,827, or approximately $0.033 per share. Net tangible book value per share represents our total tangible assets
less total liabilities, divided by the number of shares of common stock outstanding.</P>

<P STYLE="font: 10pt 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">Net tangible book value dilution per share
of common stock to new investors represents the difference between the amount per share paid by purchasers in this Offering and
the as adjusted net tangible book value per share of common stock immediately after completion of this Offering. After giving effect
to our sale the maximum amount of [ ]&nbsp;shares of Common Stock in this offering at a public offering price of $[ ], and after
estimated offering expenses, our as-adjusted net tangible book value as of June 30, 2015 would have been $[ ] million, or $[ ]
per share. This represents an immediate increase in net tangible book value of $[ ] per share to existing stockholders and an immediate
dilution in net tangible book value of $[ ] per share to investors of this offering, as illustrated in the following table:<B>
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #DAEEF3">
    <TD STYLE="width: 71%; padding-top: 3pt; padding-bottom: 3pt">Public offering price per share</TD>
    <TD STYLE="width: 2%; padding-top: 3pt; padding-bottom: 3pt">$</TD>
    <TD STYLE="width: 27%; padding-top: 3pt; padding-bottom: 3pt">[ ]</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt">Net tangible book value per share as of June 30, 2015</TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt">$</TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt">0.033</TD></TR>
<TR STYLE="vertical-align: top; background-color: #DAEEF3">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt">Increase in net tangible book value per share attributable to new investors</TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt">&nbsp;</TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt">[ ]</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt">Adjusted net tangible book value per share as of June 30, 2015</TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt">&nbsp;</TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt">[ ]</TD></TR>
<TR STYLE="vertical-align: top; background-color: #DAEEF3">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><B>Dilution per share to new investors in the offering</B></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt">&nbsp;</TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><B>[ ]</B></TD></TR>
</TABLE>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">The above discussion and tables do not include the following:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>[ ] shares of common stock issuable upon exercise of the Warrants issued in this Offering with an exercise price of $[ ] per
share.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 38.25pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 38.25pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">DETERMINATION OF OFFERING PRICE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In determining the offering price of the Common
Stock and Warrants, and the exercise price of the Warrants, we have considered a number of factors including, but not limited to,
the current market price of our common stock, trading prices of our common stock over time, the illiquidity and volatility of our
common stock, our current financial condition and the prospects for our future cash flows and earnings, and market and economic
conditions at the time of the offering. The offering price for the Common Stock and the exercise price of the Warrants will remain
fixed for the duration of the offering. The offering price for the Common Stock sold in this Offering may be less than the market
price for our common stock.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">DIVIDEND POLICY</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; 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="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">CAPITALIZATION</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: justify">The following table sets forth our capitalization
as of&nbsp;December 31, 2014, March 31, 2015, and June 30, 2015.&nbsp;&nbsp;The table should be read in conjunction with the consolidated
financial statements and related notes included elsewhere in this prospectus<FONT STYLE="font-family: Times New Roman, Times, Serif">:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; 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 NOWRAP STYLE="width: 60%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Shareholders&#8217; Equity </B></FONT></TD>
    <TD NOWRAP STYLE="width: 14%; padding-right: 5.4pt; padding-left: 5.4pt">
        <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,</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>2014</B></P></TD>
    <TD STYLE="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt">
        <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>March 31, </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>2015</B></P></TD>
    <TD STYLE="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt">
        <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>June 30,<BR>
        2015</B></P></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCEEFF">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 8pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Preferred Series A stock outstanding (includes retroactive adjustment for subsequent conversion)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 8pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Common stock outstanding (shares)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">38,909,000</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">40,817,000</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">44,505,238</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCEEFF">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 8pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Common stock to be issued (shares)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1,048,000</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">654,000</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">857,000</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Additional paid in capital</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,372,867</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,368,925</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">6,303,740</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCEEFF">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Retained deficit</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,359,623)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$ &nbsp;&nbsp;(3,910,132)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(5,427,431)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">TOTAL STOCKHOLDERS' EQUITY (DEFICIT)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(946,799)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(489,736)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">841,671</FONT></TD></TR>
</TABLE>
<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>MARKET FOR COMMON STOCK</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: justify">Since April 9, 2015, our common stock has been
quoted on the OTCQB under the symbol &#8220;MSRT&#8221;. Trading in our common stock has historically lacked consistent volume,
and the market price has been volatile. We are applying to the NASDAQ Capital Market to list our common stock under the symbols
&#8220;MSRT&#8221;.</P>

<P STYLE="font: 10pt 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">The following table presents, for the periods
indicated, the high and low sales prices of the Company&#8217;s common stock, and is based upon information provided by the OTCQB
Marketplace. These quotations below reflect inter-dealer prices, without retail mark-up, mark-down, or commission, and may not
necessarily represent actual transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</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="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="border-bottom: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">2015</FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">High</FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Low</FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top; width: 52%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Second Quarter</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 4%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 14%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">7.01</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 4%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 4%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 4%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 14%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.02</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 4%; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Third Quarter</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.34</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">0.80</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt 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">The last reported sale price of the Company&#8217;s
common stock as of September 30, 2015, was $1.66 per share.</P>

<P STYLE="font: 10pt 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">As of September 30, 2015, there were 103 shareholders
of record per the Company&#8217;s transfer agency&#8217;s listing of shareholders.</P>

<P STYLE="font: 10pt 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">As of September 30, 2015, there were 45,928,971
shares of our common stock issued and outstanding. In addition, on the same date, 10,843,159 shares of common stock were issuable
upon the exercise of warrants or convertible than outstanding and 2,920,000 shares of common stock were issuable upon the exercise
of options granted under our 2014 Equity Incentive Plan to certain employees and directors.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-bottom: 12pt; margin-left: 0"><B>2014
Equity Incentive Plan </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The following table sets forth equity
compensation plan information as of December 31, 2014:</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="border-bottom: black 1.5pt solid; padding: 1.5pt"><FONT STYLE="font-size: 10pt"><B>Plan category</B></FONT></TD>
    <TD STYLE="padding: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; padding: 1.5pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Number of securities to be issued upon exercise of outstanding options, warrants and rights</B></FONT></TD>
    <TD STYLE="padding: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1.5pt solid; padding: 1.5pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Weighted-average exercise price of outstanding options, warrants and rights</B></FONT></TD>
    <TD STYLE="padding: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; padding: 1.5pt; text-align: center"><FONT STYLE="font-size: 10pt">Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a))</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1.5pt">&nbsp;</TD>
    <TD STYLE="padding: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1.5pt; text-align: center"><FONT STYLE="font-size: 10pt">(a)</FONT></TD>
    <TD STYLE="padding: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding: 1.5pt; text-align: center"><FONT STYLE="font-size: 10pt">(b)</FONT></TD>
    <TD STYLE="padding: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1.5pt; text-align: center"><FONT STYLE="font-size: 10pt">(c)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #C3E9FF">
    <TD STYLE="padding: 1.5pt"><FONT STYLE="font-size: 10pt">Equity compensation plans approved by security holders:</FONT></TD>
    <TD STYLE="padding: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1.5pt">&nbsp;</TD>
    <TD STYLE="padding: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding: 1.5pt">&nbsp;</TD>
    <TD STYLE="padding: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 21%; padding: 1.5pt 1.5pt 1.5pt 9pt"><FONT STYLE="font-size: 10pt">2014 Equity Incentive Plan</FONT></TD>
    <TD STYLE="width: 1%; padding: 1.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 21%; padding-top: 1.5pt; padding-bottom: 1.5pt; padding-left: 1.5pt; text-align: right"><FONT STYLE="font-size: 10pt">2,900,000</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; padding: 1.5pt">&nbsp;</TD>
    <TD STYLE="width: 4%; padding-top: 1.5pt; padding-bottom: 1.5pt; padding-left: 1.5pt">&nbsp;</TD>
    <TD STYLE="width: 16%; padding-top: 1.5pt; padding-right: 4.05pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-size: 10pt">$0.10</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; padding: 1.5pt">&nbsp;</TD>
    <TD STYLE="width: 32%; padding-top: 1.5pt; padding-bottom: 1.5pt; padding-left: 1.5pt; text-align: right"><FONT STYLE="font-size: 10pt">1,100,000</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #C3E9FF">
    <TD STYLE="padding: 1.5pt"><FONT STYLE="font-size: 10pt">Equity compensation plans not approved by security holders</FONT></TD>
    <TD STYLE="padding: 1.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; padding-left: 1.5pt; text-align: right"><FONT STYLE="font-size: 10pt">&#8212;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1.5pt 4.05pt 1.5pt 1.5pt; text-align: right"><FONT STYLE="font-size: 10pt">&#8212;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding: 1.5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; padding-left: 1.5pt; text-align: right"><FONT STYLE="font-size: 10pt">&#8212;</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1.5pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp; Total</FONT></TD>
    <TD STYLE="padding: 1.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; padding-left: 1.5pt; text-align: right"><FONT STYLE="font-size: 10pt">2,900,000</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; padding-left: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1.5pt; padding-right: 4.05pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-size: 10pt">$0.10</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; padding-left: 1.5pt; text-align: right"><FONT STYLE="font-size: 10pt">1,100,000</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><I>2014 Equity Incentive Plan.</I><B>
</B>In June&nbsp;2014, our shareholders approved our 2014 Equity Incentive Plan (&#8220;2014 Plan&#8221;). Our 2014 Plan provides
for the grant of incentive stock options to our employees and our parent and subsidiary corporations' employees, and for the grant
of nonstatutory stock options, stock bonus awards, restricted stock awards, performance stock awards and other forms of stock compensation
to our employees, including officers, consultants and directors. Our 2014 Plan also provides that the grant of performance stock
awards may be paid out in cash as determined by the Committee (as defined herein).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><I>Authorized Shares.</I>&nbsp;&nbsp;&nbsp;&nbsp;A
total of 4,000,000 shares of our common stock are reserved for issuance pursuant to the 2014 Plan. Shares issued under our 2014
Plan may be authorized but unissued or reacquired shares of our common stock. Shares subject to stock awards granted under our
2014 Plan that expire or terminate without being exercised in full, or that are paid out in cash rather than in shares, will not
reduce the number of shares available for issuance under our 2014 Plan. Additionally, shares issued pursuant to stock awards under
our 2014 Plan that we repurchase or that are forfeited, as well as shares reacquired by us as consideration for the exercise or
purchase price of a stock award, will become available for future grant under our 2014 Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><I>Administration.</I>&nbsp;&nbsp;&nbsp;&nbsp;Our
Board of Directors, or a duly authorized committee thereof (collectively, the &#8220;Committee&#8221;), has the authority to administer
our 2014 Plan. Our Board may also delegate to one or more of our officers the authority to designate employees other than Directors
and officers to receive specified stock, which, in respect to those awards, said officer or officers shall then have all that the
Committee would have.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Subject to the terms of our 2014 Plan,
the Committee has the authority to determine the terms of awards, including recipients, the exercise price or strike price of stock
awards, if any, the number of shares subject to each stock award, the fair market value of a share of our common stock, the vesting
schedule applicable to the awards, together with any vesting acceleration, the form of consideration, if any, payable upon exercise
or settlement of the stock award and the terms and conditions of the award agreements for use under our 2014 Plan. The Committee
has the power to modify outstanding awards under our 2014 Plan, subject to the terms of the 2014 Plan and applicable law. Subject
to the terms of our 2014 Plan, the Committee has the authority to reprice any outstanding option or stock appreciation right, cancel
and re-grant any outstanding option or stock appreciation right in exchange for new stock awards, cash or other consideration,
or take any other action that is treated as a repricing under generally accepted accounting principles, with the consent of any
adversely affected participant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><I>Stock Options. </I>Stock options
may be granted under the 2014 Plan. The exercise price of options granted under our 2014 Plan must at least be equal to the fair
market value of our common stock on the date of grant. The term of an incentive stock option may not exceed 10 years, except that
with respect to any participant who owns more than 10% of the voting power of all classes of our outstanding stock, the term must
not exceed 5 years and the exercise price must equal at least 110% of the fair market value on the grant date. The Committee will
determine the methods of payment of the exercise price of an option, which may include cash, shares or other property acceptable
to the Committee, as well as other types of consideration permitted by applicable law. No single participant may receive more than
25% of the total options awarded in any single year. Subject to the provisions of our 2014 Plan, the Committee determines the other
terms of options.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><I>Performance Shares</I>. Performance
shares may be granted under our 2014 Plan. Performance shares are awards that will result in a payment to a participant only if
performance goals established by the administrator are achieved or the awards otherwise vest. The Committee will establish organizational
or individual performance goals or other vesting criteria in its discretion, which, depending on the extent to which they are met,
will determine the number and/or the value of performance shares to be paid out to participants. After the grant of a performance
share, the Committee, in its sole discretion, may reduce or waive any performance criteria or other vesting provisions for such
performance shares. The Committee, in its sole discretion, may pay earned performance units or performance shares in the form of
cash, in shares or in some combination thereof, per the terms of the agreement approved by the Committee and delivered to the participant.
This agreement will state all terms and condition of the agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><I>Restricted Stock.</I> The terms and
conditions of any restricted stock awards granted to a participant will be set forth in an award agreement and, subject to the
provisions in the 2014 Plan, will be determined by the Committee. Under a restricted stock award, we issue shares of our common
stock to the recipient of the award, subject to vesting conditions and transfer restrictions that lapse over time or upon achievement
of performance conditions. The Committee will determine the vesting schedule and performance objectives, if any, applicable to
each restricted stock award. Unless the Committee determines otherwise, the recipient may vote and receive dividends on shares
of restricted stock issued under our 2014 Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><I>Other Share-Based Awards and Cash
Awards. </I>The Committee may make other forms of equity-based awards under our 2014 Plan, including, for example, deferred shares,
stock bonus awards and dividend equivalent awards. In addition, our 2014 Plan authorizes us to make annual and other cash incentive
awards based on achieving performance goals that are pre-established by our compensation committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><I>Change in Control.</I>&nbsp;&nbsp;&nbsp;&nbsp;If
the Company is merged or consolidated with another entity or sells or otherwise disposes of substantially all of its assets to
another company while awards or options remain outstanding under the 2014 Plan, unless provisions are made in connection with such
transaction for the continuance of the 2014 Plan and/or the assumption or substitution of such awards or options with new options
or stock awards covering the stock of the successor company, or parent or subsidiary thereof, with appropriate adjustments as to
the number and kind of shares and prices, then all outstanding options and stock awards which have not been continued, assumed
or for which a substituted award has not been granted shall, whether or not vested or then exercisable, unless otherwise specified
in the relevant agreements, terminate immediately as of the effective date of any such merger, consolidation or sale.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><I>Change in Capitalization. </I>If
the Company shall effect a subdivision or consolidation of shares or other capital readjustment, the payment of a stock dividend,
or other increase or reduction of the number of shares of the common stock outstanding, without receiving consideration therefore
in money, services or property, then awards amounts, type, limitations, and other relevant consideration shall be appropriately
and proportionately adjusted. The Committee shall make such adjustments, and its determinations shall be final, binding and conclusive.<I>
</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Plan Amendment or Termination.</I>&nbsp;&nbsp;&nbsp;&nbsp;Our
Board has the authority to amend, suspend, or terminate our 2014 Plan, provided that such action does not materially impair the
existing rights of any participant without such participant's written consent. The 2014 Plan will terminate ten (10) years after
the earlier of (i) the date the 2014 Plan is adopted by the Board, or (ii) the date the 2014 Plan is approved by the stockholders,
except that awards that are granted under the 2014 Plan prior to its termination will continue to be administered under the terms
of the 2014 Plan until the awards terminate, expire or are exercised.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0 12pt; text-align: center">PLAN OF DISTRIBUTION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">We
are offering </FONT>up to <STRIKE>4,000,000</STRIKE><U>6,200,000</U> shares of our Common Stock, together with of up to <STRIKE>4,000,000</STRIKE><U>6,200,000</U>
warrants to purchase shares of Common Stock at a price equal to $[ ] per share, for gross proceeds of up to $8,000,000 before deduction
of offering expenses. <FONT STYLE="font-family: Times New Roman, Times, Serif">There is no minimum offering amount required as
a condition to closing and we may sell significantly fewer shares of common stock and warrants in the offering. <U>Because there
is no minimum offering amount required as a condition to closing in this offering, the actual offering amount, net proceeds to
us, if any, in this offering may be substantially less than the maximum offering amounts set forth above.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Our Officers and Directors will be making
solicitations of our securities directly on a best-efforts basis pursuant to this Offering. None of the officers or directors will
receive any commission or compensation for the sale of the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.25pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><STRIKE>Pursuant
to a placement agency agreement between us and Chardan, we have engaged Chardan as our exclusive placement agent to solicit offers
to purchase the securities in this offering. </STRIKE></FONT><STRIKE>However, as of the date of this Prospectus, Chardan has not
yet received approval of its compensation from FINRA. Once Chardan receives FINRA&#8217;s approval and, subsequently, places our
securities pursuant to this Offering, we will pay Chardan<FONT STYLE="font-family: Times New Roman, Times, Serif"> a cash fee equal
to (i) 10% of the gross proceeds received from &#8220;Chardan Contacts,&#8221; defined as accredited investors introduced to the
Company by Chardan, and (ii) 3% of the gross proceeds received from investors who are not Chardan Contacts, but where Chardan acts
as the executing broker for the sale. No payment will be made where the investor is not a Chardan Contact and Chardan does not
act as executing broker. We also agreed to reimburse Chardan for its expenses up to an amount of $75,000, including legal fees
for its counsel, if the Offering commences. Chardan will also have the right of first refusal to act as lead underwriter or placement
agent for 12 months after the offering. </FONT>The Placement Agent is not required to arrange for the sale of any specific number
of securities or dollar amount but will use its &#8220;reasonable best efforts&#8221; to arrange for the sale of the securities.
</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><STRIKE>&nbsp;</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><STRIKE>The following table shows the per share
and total placement agent fee we will pay to the Placement Agent in connection with the sale of the securities, assuming the purchase
of all of the securities we are offering and assuming that all sales are made to Chardan Contacts. </STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><STRIKE>&nbsp;</STRIKE></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="width: 72%"><FONT STYLE="font-family: Times New Roman, Times, Serif"><STRIKE>Per unit (1)</STRIKE></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif"><STRIKE>$</STRIKE></FONT></TD>
    <TD STYLE="width: 24%; padding-right: 4.55pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif"><STRIKE>0.02</STRIKE></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif"><STRIKE>Total</STRIKE></FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif"><STRIKE>$</STRIKE></FONT></TD>
    <TD STYLE="padding-right: 4.55pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif"><STRIKE>800,000</STRIKE></FONT></TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><STRIKE><BR>
(1) Assumes a unit of securities consists of one share of common stock and one warrant and that 4,000,000 units are sold. </STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><STRIKE>&nbsp;</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><STRIKE>Because there is no minimum
offering amount required as a condition to closing in this offering, the actual offering amount, the placement agent fees and net
proceeds to us, if any, in this offering may be substantially less than the maximum offering amounts set forth above.</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>We may engage one or more Agents to sell
the securities in the future. If we elect to do so, we will file an amendment to this Registration Statement to identify them and
such related compensation. </U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><STRIKE>We have agreed to indemnify
Chardan against certain liabilities, including liabilities under the Securities Act of 1933, as amended. We have also agreed to
contribute to payments Chardan may be required to make in respect of such liabilities.</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><STRIKE>Chardan is an underwriter within the meaning of Section
2(a)(11) of the Securities Act, and any commissions received by it and any profit realized on the resale of the shares sold by
it while acting as principal will be deemed to be underwriting discounts or commissions under the Securities Act. As an underwriter,
Chardan is required to comply with the requirements of the Securities Act and the Exchange Act, including, without limitation,
Rule 415(a)(4) under the Securities Act and Rule 10b-5 and Regulation M under the Exchange Act. These rules and regulations may
limit the timing of purchases and sales of shares by Chardan acting as principal. Under these rules and regulations, Chardan:</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><STRIKE>may not engage in any stabilization activity in connection
with our securities; and</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><STRIKE>may not bid for or purchase any of our securities or attempt
to induce any person to purchase any of our securities, other than as permitted under the Exchange Act, until it has completed
its participation in the distribution.</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">This offering will terminate upon the
earlier to occur of (i) three months after this registration statement becomes effective with the Securities and Exchange Commission,
and (ii) the date on which the Offering is fully subscribed; provided, however, that we may, at our sole discretion, extend the
offering for an additional 90 days or terminate the Offering at an earlier date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The proceeds from this offering will
be payable directly to the Company for immediate use. All subscription agreements and checks are irrevocable and should be delivered
to the Company at the address provided in the Subscription Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">We have not yet applied for 'blue sky'
registration in any state, and there can be no assurance that we will be able to apply, or that our application will be approved
and our securities will be registered, in any state in the US. If applicable, the shares may not be offered or sold in certain
jurisdictions unless they are registered or otherwise comply with the applicable securities laws of such jurisdictions by exemption,
qualification or otherwise. We intend to sell the shares only in the states in which this offering has been qualified or an exemption
from the registration requirements is available, and purchases of shares may be made only in those states. The Company will deliver
stock certificates attributable to shares of common stock purchased directly to the purchasers as soon after close as practicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The Company reserves the right to begin
using proceeds from the offering as soon as the funds have been received or any time thereafter and will retain broad discretion
in the allocation of the net proceeds of this offering. The precise amounts and timing of the Company&#8217;s use of the net proceeds
will depend upon market conditions and the availability of other funds, among other factors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Our officers and directors may sell
some or all of the shares and will not register as broker-dealers under Section 15 of the Securities Exchange Act of 1934 in reliance
upon Rule 3a4-1. Rule 3a4-1 sets forth those conditions under which a person associated with an issuer may participate in the offering
of the issuer&#8217;s securities and not be deemed to be a broker-dealer. The conditions are that:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">the person is not statutorily disqualified,
as that term is defined in Section 3(a)(39) of the Act, at the time of his participation; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">the person is not at the time of their
participation an associated person of a broker-dealer; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">the person meets the conditions of paragraph
(a)(4)(ii) of Rule 3a4-1 of the Exchange Act, in that he (i) primarily performs, or is intended primarily to perform at the end
of the offering, substantial duties for or on behalf of the issuer otherwise than in connection with transactions in securities;
and (ii) is not a broker or dealer, or an associated person of a broker or dealer, within the preceding 12 months; and (iii) does
not participate in selling and offering of securities for any issuer more than once every 12 months other than in reliance on paragraphs
(a)(4)(i) or (a)(4)(iii) of Rule 3a4-1 of the Exchange Act.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Our officers and directors are not statutorily
disqualified, are not being compensated, and are not associated with a broker-dealer. They are and will continue to hold their
positions as officers or directors following the completion of the offering and have not been during the past 12 months and are
currently not brokers or dealers or associated with brokers or dealers. They have not nor will they participate in the sale of
securities of any issuer more than once every 12 months.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">DESCRIPTION OF BUSINESS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Organization </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We were incorporated in the state of Delaware
on April 24, 2013 to be the mobile network for the cannabis community.</P>

<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">Our principal executive office is located at
MassRoots, Inc., 1624 Market Street, Suite 201, Denver, CO 80202, and our telephone number is (720) 442-0052. Information contained
in, or accessible through our website or mobile apps does not constitute part of this prospectus.</P>

<P STYLE="font: 10pt 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">We have not been involved in a bankruptcy receivership
or similar proceeding. Additionally, we have not been involved in a reclassification, merger, consolidation, or purchase or sale
of a significant amount of assets not in the ordinary course of business.</P>

<P STYLE="font: 10pt 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">For the year ended December 31, 2014, we raised
an aggregate of $999,072 from the sale of our securities. For the year ended December 31, 2014, we have a net loss of $2,436,142.</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">Our independent registered public accounting
firm has issued an audit opinion for our Company which includes an explanatory paragraph expressing substantial doubt as to our
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: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We have never declared bankruptcy, have never
been in receivership, and have never been involved in any legal action or proceedings. Since incorporation, we have not made any
significant purchase or sale of assets. We do not own physical properties.</P>

<P STYLE="font: 10pt 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">We are not a blank check registrant, as that
term is defined in Rule 419(a)(2) of Regulation C of the Securities Act, since we have a specific business plan or purpose. We
have not had preliminary contact or discussions with, nor do we have any present plans, proposals, arrangements or understandings
with, any representatives of the owners of any business or company regarding the possibility of an acquisition or merger.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Background </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">MassRoots was formed in April 2013 as a social
network for the cannabis community. In July 2013, we launched in the App Store and since that time, have grown into a community
of <FONT STYLE="font-family: Times New Roman, Times, Serif">575,000 cannabis consumers. Our growth has been primarily driven by
MassRoots&#8217; increasing popularity as one of the first national cannabis brands and word of mouth virility from our users.
We believe that by creating a central community of hundreds of thousands of cannabis consumers, we are creating a valuable marketing
and distribution channel for cannabis and its ancillary products. MassRoots generated more than 100 million newsfeed impressions
during the month of June 2015.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><IMG SRC="image_007.gif" ALT="" STYLE="height: 401px; width: 624px"></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">We launched MassRoots for Business in early March 2015 as a free
online portal for cannabis-related businesses to schedule posts, view analytics and gain insights into their followers. Over 1,000
businesses, including 42% of the dispensaries in Colorado, were utilizing MassRoots for Business as of June 30, 2015. During August
2015, we began expanding its functionality to allow businesses to extend the reach of their posts and begin to monetize our network.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Definitions of Key Metrics</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Total users (&quot;Users&quot;) is defined
as every user who currently has an account with MassRoots. It does not include users who have deleted their account. It does not
reflect active usage over any set period of time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">User interactions (&quot;Interactions&quot;) is defined as anytime
a User follows another User, posts a status, comments on a status, or likes a status.<BR>
<BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Newsfeed Impressions (&#8220;Newsfeed Impressions&#8221;) is defined
as a User viewing a post on MassRoots&#8217; local, global or buds feeds.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Our Products and Services</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our current products include our social network,
accessible through our iOS and Android applications along with our website, and MassRoots for Business.</P>

<P STYLE="font: 10pt 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"><I><U>The MassRoots Network</U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><IMG SRC="image_005.jpg" ALT="http:||www.sec.gov|Archives|edgar|data|1589149|000072174815000549|image_007.jpg" STYLE="height: 386px; width: 297px"></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: center"><I>Examples of the current user interface of
our iOS application.<BR>
<BR>
</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><STRIKE>&nbsp;</STRIKE></FONT>The
MassRoots network is accessible as a free mobile application through the iOS App Store, the Google Play Marketplace, and as a website
at www.MassRoots.com. These applications and services work in a similar manner as other social networks, such as Facebook, Instagram,
Twitter and Vine:</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify">Users may create a profile by choosing
a username, setting their password and agreeing to our Terms and Conditions. We do not require users&#8217; real names, email address
or phone numbers.</P>

<UL STYLE="margin-top: 0in; list-style-type: disc; font-family: Times New Roman, Times, Serif">

<LI STYLE="text-align: justify; margin: 12pt 0">Users have the ability to follow other users on the network. By &#8220;following&#8221;
an account, users are essentially &#8220;opting-in&#8221; to their posts, allowing them to be displayed on their newsfeed.</LI>

<LI STYLE="text-align: justify; margin: 12pt 0">A users&#8217; newsfeed displays all the posts from users in which they follow
in reverse-chronological order, with the most recent posts being at the top. A users&#8217; profile page displays all the posts
from that particular user.</LI>

<LI STYLE="text-align: justify; margin: 12pt 0">Users have the ability to like, comment and report statuses from other users. By
&#8220;liking&#8221; a status, a user is indicating their approval of the posts&#8217; content. By commenting on a status, users
are free to voice their opinions or comments on the posts&#8217; content. By reporting a status, users can flag content that violates
our Terms and Conditions, including spam, harassing content and posts about other drugs.</LI>

<LI STYLE="text-align: justify; margin: 12pt 0">Users have the ability to tag other users and use hashtags to categorize posts.
By using the &#8220;@&#8221; symbol followed by a username, users can tag other users in posts they want them to see or if they
are included in the picture or post. By using the &#8220;#&#8221; followed by a categorical word, users can categorize posts based
on their content.</LI>

<LI STYLE="text-align: justify; margin: 12pt 0">Users have the ability to post pictures with text captions or just text statuses.</LI>

<LI STYLE="text-align: justify; margin: 12pt 0">Users have the ability to search for users based on their username and the ability
to search by hashtag to display all results within a particular category. Users can sort hashtag searches by their popularity or
when they were posted.</LI>

<LI STYLE="text-align: justify; margin: 12pt 0">Users have the option to provide their phone number to MassRoots (but is not required)
so their friends can search their contacts for friends with a MassRoots profile. Users also have the ability to invite their contacts
that are not on MassRoots to join via text message.</LI>

<LI STYLE="text-align: justify; margin: 12pt 0">Whenever an Interaction takes place involving a user (follow, like, comment, tag),
they are sent a push notification on their mobile device notifying them of the action.</LI>

<LI STYLE="text-align: justify; margin: 12pt 0">Users have the ability to set their profile to public and private, as well as enabling
and disabling web-access. By setting their profile to public, any user on MassRoots&#8217; apps will be able to see the public
profile&#8217;s posts and follow the account. When a profile is private, another user must request to follow their account and
the account owner must grant permission before they can view any of the account&#8217;s posts. By setting an account to web-enabled,
it allows public profiles to be visible via the MassRoots website. By setting an account to web-disabled, both public and private
profiles are not viewable through www.MassRoots.com.</LI>

</UL STYLE="font-family: Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Over the coming months, MassRoots plans to
introduce premium business profiles, new user discovery features aimed at the &#8220;Cannabis Relationship&#8221; market, sponsored
posts, and a new user on-boarding experience. Additionally, we are reviewing the implementation of a new web interface aimed at
opening up MassRoots&#8217; content to search engines, which we believe could draw hundreds of thousands of unique visitors per
month, accelerating our user growth and adding additional adverting inventory.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify"><I>MassRoots Store</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify">MassRoots also operates MassRootsStore.com,
an e-commerce platform built on the Shopify Platform. Visitors are able to order MassRoots t-shirts, jars and stickers by selecting
the products they would like to order, entering their shipping and billing information and confirming the order. MassRootsStore.com
is not part of the Company&#8217;s primary business plan we do not expect it to be a main focus of the Company as we grow.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-weight: normal"><I><U>MassRoots
for Business</U></I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We launched MassRoots for Business in early
March 2015 as a free online portal for dispensaries to schedule posts, view analytics and gain insights into their followers. Over
1,000 cannabis businesses were utilizing MassRoots for Business as of June 30, 2015, including 46% of the dispensaries in Colorado
and 85% of dispensary chains with more than four stores.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-weight: normal">MassRoots
for Business operates in a matter similar to the one described herein:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Symbol; font-weight: normal">&middot;</FONT><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">A business can register for the advertising
portal with their name, business name, email address, phone number, MassRoots username and password (to verify ownership of a particular
page).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Symbol; font-weight: normal">&middot;</FONT><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">A MassRoots employee will then review the
account to ensure they are in full compliance with state law. This may involve requiring the dispensary to provide their state
dispensary license. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Symbol; font-weight: normal">&middot;</FONT><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">The business can then access the advertising
portal, which will consist of five main pages: Dashboard, Posts, Profile, Billing and Contact.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Symbol; font-weight: normal">&middot;</FONT><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">On the Dashboard, a business can view all
the main analytics regarding their account: their follower count, likes per post, total reach of their posts and advertising, and
balance on their account. Interactive graphs will allow businesses to track these metrics over time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Symbol; font-weight: normal">&middot;</FONT><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">On the Posts page, businesses can schedule
posts, view analytics, and promote popular content. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Symbol; font-weight: normal">&middot;</FONT><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">On the Profile page, businesses can edit their
description, username, profile picture, URL, address, contact email, contact phone number and schedule future posts.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Symbol; font-weight: normal">&middot;</FONT><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">On the Billing page, businesses can enter
their credit card information and view past receipts of payment. The advertising portal will operate on a pre-paid basis.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Symbol; font-weight: normal">&middot;</FONT><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">On the Contact page, businesses can contact
a MassRoots employee with any questions or issues.</FONT></P>

<P STYLE="font: 10pt 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">During the third quarter of 2015, we expect
to begin to extend MassRoots for Business&#8217; functionality to allow dispensaries and cannabis-related businesses to upgrade
to premium business profiles, access market data, and to gain premium placement in search results for a monthly fee, as outlined
above. Additionally, we plan to allow businesses to sponsor posts in users&#8217; newsfeeds, similar to Facebook and Twitter, and
expect to be able to charge roughly $20 per thousand impressions for targeted sponsored posts.</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; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #9BBB59">
    <TD COLSPAN="3" STYLE="border-top: white 1pt solid; border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: white 3pt solid; padding: 0.05in 0.1in; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>MassRoots for Business &#8211; Expected Premium Business Memberships</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(Rollout Planned in Q3 2015)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #9BBB59">
    <TD STYLE="width: 18%; border-left: white 1pt solid; padding: 0.05in 0.1in; border-bottom: white 3pt solid; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Premium Upgrade</B></FONT></TD>
    <TD STYLE="width: 21%; border-bottom: white 3pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Cost (Estimated)</B></FONT></TD>
    <TD STYLE="width: 61%; border-bottom: white 3pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Benefits</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #DEE7D1">
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding: 0.05in 0.1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Premium Profiles</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$49/Month</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.4pt; text-align: justify; text-indent: -0.25in">&#8226; MassRoots
        Verified Badge</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.4pt; text-align: justify; text-indent: -0.25in">&#8226; Enhanced
        Profile Access</P></TD></TR>
<TR STYLE="vertical-align: top; background-color: #EFF3EA">
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding: 0.05in 0.1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Data Access</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$149/Month</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.4pt; text-align: justify; text-indent: -0.25in">&#8226; Detailed
        Geo-Based Analytics</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.4pt; text-align: justify; text-indent: -0.25in">&#8226; Area
        Activity Heat Maps</P></TD></TR>
<TR STYLE="vertical-align: top; background-color: #DEE7D1">
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding: 0.05in 0.1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Market Insights</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$349/Month</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.4pt; text-align: justify; text-indent: -0.25in">&#8226; Insight
        on Trending Strains, Products, Services, and Hashtags</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.4pt; text-align: justify; text-indent: -0.25in">&#8226; Area
        Reach and Exposure Data</P></TD></TR>
<TR STYLE="vertical-align: top; background-color: #EAF1DD">
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding: 0.05in 0.1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Sponsored Posts</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$20/CPM</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in 0.05in 16.4pt; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#8226; Targeted, Enhanced Exposure Posts</FONT></TD></TR>
</TABLE>
<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">We are not re-creating the wheel with our revenue
model: this is already the model WeedMaps and Leafly have used to generate $25 million in annual revenue and $1 million estimated
per month revenue, respectively, from cannabis-related technology businesses. As more fully explained in the &#8220;<I>Competition</I>,&#8221;
section below, we believe that a social network offers a superior value proposition than a strain guide and dispensary locator,
as social networks have greater recurring usage.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our intention is to prove MassRoots&#8217;
business model in 2015 and 2016 while the cannabis industry is still relatively small &#8211; of the 23 states with medical cannabis
laws, only 4 states have active dispensary systems with wide enough set of conditions to allow a significant portion of the population
to purchase cannabis (Colorado, California, Arizona and Washington). We believe the vast majority of the revenue we generate in
2015 and 2016 will come from businesses in these states. The 2016 election cycle has the potential to drastically expand the regulated
cannabis market &#8211; at least 7 states are expected to have some form of cannabis legalization on the ballot that could cause
the cannabis industry to grow to $10.2 billion if these initiatives become law, according to ArcView Market Research.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><BR>
MassRoots&#8217; business model is designed to scale as marijuana legalization continues to spread: every state that legalizes
the medicinal or adult-use of cannabis expands the number of licensed businesses in the industry, increasing our potential revenue.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-weight: normal"><I>Monetization
of Our Network and Other Long Term Plans </I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-weight: normal">While
MassRoots does not collect users&#8217; names or phone numbers, we still collect a sufficient amount of information to effectively
monetize our network. For instance:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Symbol; font-weight: normal">&middot;</FONT><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">Based on the nature of someone downloading
and using MassRoots, we know they are an active cannabis consumer or enthusiast.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Symbol; font-weight: normal">&middot;</FONT><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">When a user accesses MassRoots&#8217; apps
and websites, we are able to collect users&#8217; location information down to the zip code.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Symbol; font-weight: normal">&middot;</FONT><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">Based on the pictures and hashtags a user
posts, we can determine what type of cannabis they prefer to consume; how they prefer to consume it; what time of day they are
most active.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Symbol; font-weight: normal">&middot;</FONT><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">Based on the usertags that a user posts, we
can determine who their friends are and who is within their social circle of influence.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-weight: normal">Because
we do not collect personally-identifiable information, this data has relatively little value outside of our network, so MassRoots
has no intention of selling or disclosing this information. However, it has significant value when used to target advertising and
services directly to users within the MassRoots network; therefore, it is of the highest importance that MassRoots is able to build
out products and services that keep our users engaged and on the network for extended periods of time. The amount of revenue MassRoots
may be able to generate per user is directly correlated to the time they spend on the network, their engagement with other users
and the quality of posts they put on the network. Additionally, the number of Apps, Websites and Services built using MassRoots&#8217;
APIs will also significantly impact the value per user &#8211; so long as MassRoots is integrated with these 3rd party applications,
we will be able to collect data, serve advertising and boost engagement to, from and between our users, increasing their value.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Investment in Flowhub</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><IMG SRC="image_006.jpg" ALT="http:||www.sec.gov|Archives|edgar|data|1589149|000072174815000549|image_004.jpg" STYLE="height: 516px; width: 508px"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>Our proposed partnership plan with Flowhub
(as defined below). </I></P>

<P STYLE="font: 10pt 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">During the second quarter of 2015, MassRoots
invested $175,000 in exchange for preferred shares of Flowhub LLC (&#8220;Flowhub&#8221;), a seed-to-sale system, equal to 8.95%
of the outstanding equity of Flowhub. MassRoots and Flowhub are finalizing a partnership that will combine the data from cannabis
grow operations, point-of-sale systems and the MassRoots social network in one platform, data that we believe will allow cannabis
dispensaries and growers to streamline operations and monitor consumer trends, potentially increasing profits. MassRoots and Flowhub
are working to partially combine their systems, giving MassRoots' users access to live pricing, inventory, and an order ahead system
of dispensaries. At the same time, Flowhub will be streamlining dispensaries' operations and enabling them to target ads to specific
customers based on purchasing patterns and social activity. No assurance can be given that MassRoots and Flowhub will consummate
a partnership or, if such a partnership is in fact consummated, that the terms and conditions will be favorable to MassRoots.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify">Users Growth and Product Distribution
Channels</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-weight: normal">The
MassRoots app is distributed free of charge through the iOS App Store and the Google Play Marketplace. Prospective users can search
for MassRoots on these platforms, read user-reviews and make a decision on whether to download and utilize the MassRoots app. The
MassRoots network is also accessible on through desktop and mobile web browsers by navigating to www.MassRoots.com. Our MassRoots
for Business portal is distributed at Business.MassRoots.com where businesses may request access. </FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-weight: normal">MassRoots
has primarily gained users through organic growth - users telling their friends to join the network. This is supported by the number
of endorsements MassRoots receives on Instagram and Twitter, viewable by searching &#8220;#MassRoots&#8221;. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">MassRoots
also retains the owners of several widely-followed Instagram, Facebook and Twitter accounts as independent contractors. </FONT><FONT STYLE="font-weight: normal">We
estimate there are over 6,000,000 people actively posting about cannabis or following cannabis-related pages on Instagram &#8211;
our team viewed this as the easiest market for us to capture as these users were already discussing cannabis in a social environment
on a mobile application. We currently have one of the largest cannabis&#45;related followings on Instagram at www.Instagram.com/MassRoots
with 245,000 followers as of August 11, 2015 and we utilize the platform to highlight the best content from our community as well
as engaging in pro-legalization advocacy. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-weight: normal"><I><U>Apple
App Store Removal, User Support and Restatement </U></I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-weight: normal">On November
4, 2014, the MassRoots App was removed from Apple&#8217;s iOS App Store due to what we originally believed was a compliance issue
with the App Store review team. Existing iOS users were still able to access and use the MassRoots App, however new users were
prohibited from downloading it. We discovered that this was a result of the App Store review team changing their app enforcement
guidelines to prohibit all social cannabis applications. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">When we learned of the true nature of
this policy change, we immediately began organizing the cannabis community and industry against it. In early January 2015, we co-signed
a letter to Apple&#8217;s CEO, Tim Cook, along with several cannabis business leaders, arguing that the App Store&#8217;s policies
were stifling innovation in the cannabis industry. Over 10,000 of our users sent personal emails to Apple advocating why MassRoots
should return to the App Store &#8211; with their arguments ranging from freedom of speech and expression to cannabis patients
suffering from anxiety who need social support networks.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">In early February 2015, an App Store
representative informed us Apple had revised their enforcement guidelines &#8211; social cannabis applications that were geo-restricted
to the 23 states with medical cannabis laws were once again permitted. On February 12, 2015, MassRoots returned to the App Store
after we implemented the geo-restrictions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">While we are grateful to Apple for reversing
its decision, we cannot guarantee this policy will remain in place. The iOS App Store is one of the largest content distribution
channels in the world and is the only way to effectively distribute software to the 41.6% of the United States population who own
iPhones and iPads. The iOS App Store review team is essentially a primarily regulator for our product &#8211; they decide what
rules all applications in the iOS App Store must operate by and how to enforce those regulations. The rules related to cannabis-related
apps are not published, are arbitrarily enforced, and the App review and appeal processes are conducted in secret without public
oversight. MassRoots will continue to push for a more open and transparent app review process &#8211; especially when such policies
and decisions directly impact a large portion of the population &#8211; but there is no guarantee we will be successful in those
efforts.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">MassRoots has not encountered any regulatory
issues with the Google Play Store nor have any of our competitors. Under their respective developer license agreements, Apple,
Inc. and Google, Inc. have the right to update their iOS App Store and Play Store policies, respectfully, to prohibit cannabis-related
applications at any time. This could result in many prospective users being unable to access and join our network and existing
users being unable to access our App.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Fundraising and Previous Offerings</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Since our inception, we have spent considerable
effort on fundraising to support the operations of the Company. This included the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><I>The Original Offering</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B>In
connection with an offering that occurred in October 2013, the Company filed an Amended and Restated Certificate of Incorporation
which authorized the issuance of 21 shares of preferred stock (6,397,958 common shares post-Exchange, defined below) with a par
value of $1.00 per share, 17.65 shares (5,377,332 common shares post-Exchange) of which were designated as Series A Preferred Stock.
Among other rights and privileges, holders of</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Series A Preferred Stock are entitled
to a cumulative dividend of 7% annually, preferential payments over common stock in liquidation and other events, and the ability
to convert their Series A Preferred Stock to common stock on a one to one basis (taking into account any unpaid dividends).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&nbsp;In October
2013, the Company entered into agreements to issue 5.88, 5.88, and 5.89 Series A Preferred shares (1,791,428, 1,791,428, and 1,791,475
common shares post-Exchange) to Bass Point Capital, LLC, WM18 Finance LTD, and Rother Investments, LLC, respectively, in exchange
for a $50,000 investment from each. In addition, the Company entered into an agreement to issue as compensation for services provided
a total of 2.94 Series A Preferred shares (895,715 common shares post-Exchange) to Douglas Leighton for financial consulting services
(collectively, the &#8220;Original Offering&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><I>The Reorganization, March 2014 Offering
and Registration Rights</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">In preparation for the March 2014 Offering
(as defined herein) and the Company&#8217;s intention of becoming a publicly traded entity, on March 18, 2014 the Company entered
into an Agreement and Plan of Reorganization with its shareholders in which the following was effected: (i) on March 21, 2014,
the Company&#8217;s Amended and Restated Certificate of Incorporation was amended to allow for the issuance of 200,000,000 shares
of the Company&#8217;s common stock and amended the par value of the Company&#8217;s common stock to $0.001 per share; (ii) on
March 24, 2014, each of the Company&#8217;s preferred shareholders converted their shares into common stock on a one for one basis
(including the accrued divided); and (iii) on March 24, 2014, each of the Company&#8217;s shareholders surrendered their shares
of the Company&#8217;s common stock in exchange for the pro-rata distribution of 36,000,000 newly issued shares of Company&#8217;s
common stock, based on the percentage of the total shares of common stock held by the shareholder immediately prior to the exchange
(the &#8220;Exchange&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">In March 2014, we raised gross proceeds
of $475,000 through an offering of our securities to certain accredited and non-accredited investors consisting of: (i) $269,100
face amount of convertible debentures convertible into up to 2,691,000 shares of the Company&#8217;s common stock at $0.10 per
share (the &#8220;Debentures&#8221;), together with warrants, exercisable into an amount of our common stock equal to fifty percent
(50%) of the common stock underlying the Debentures, at $0.40 per share; and (ii) 2,059,000 shares of our common stock at $0.10
per share with a warrant, exercisable into an amount of our common stock equal to fifty percent (50%) of the common stock purchased,
at $0.40 per share (collectively, the &#8220;March 2014 Offering&#8221;). Five investors received Debentures and warrants, while
36 accredited and unaccredited investors received the common stock and warrants. In July 2015, one investor exchanged 1,000,000
shares of Common Stock for a warrant exercisable into 1,000,000 shares of our common stock at $0.001 per share, with materially
the same terms as the $0.001 Consulting Warrants, defined below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">In connection with the March 2014 Offering,
we entered into certain registration rights agreements (the &#8220;Registration Rights Agreement&#8221;), whereby we agreed to
use our commercially reasonable efforts to prepare and file a registration statement with the SEC within forty-five (45) days after
March 24, 2014, covering all outstanding shares of common stock (including all shares of Common Stock sold in the March 2014 Offering),
in addition to all shares of common stock underlying the Debentures, Debenture Warrants, and Common Stock Warrants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><STRIKE>&nbsp;</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><STRIKE>&nbsp;</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Additionally, as payment for consulting
services provided in relation to the March 2014 Offering, we issued Dutchess Opportunity Fund, II LP (&#8220;Dutchess&#8221;) a
warrant exercisable into 4,050,000 shares of our common stock at $0.001 per share, and a warrant exercisable into 2,375,000 shares
of our common stock at $0.40 per share. The Company also granted certain registration rights to Dutchess covering all shares of
common stock issuable upon the excise of each of the warrants it received in connection to the March 2014 Offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">On September 15, 2014 our resale registration
statement on Form S-1 covering 50,400,000 shares outstanding or underlying warrants or Debentures received in connection to the
March 2014 Offering (&#8220;2014 Registration Statement&#8221;) became effective.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><I>Additional Private Offerings</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">From September 15, 2014 to March 11,
2015, we completed an offering of $866,000 of our securities to certain accredited and non-accredited investors consisting of 1,732,000
shares of our common stock at $0.50 per share.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">From April 1, 2015 through April 17,
2015, MassRoots, Inc. completed an offering of 960,933 shares of the Company&#8217;s common stock to certain accredited and unaccredited
investors, pursuant to which, the Company received gross proceeds of $576,200. The Company terminated this offering as of April
17, 2015. The Company compensated Chardan Capital Markets, LLC $20,000 cash and 262,560 shares of common stock as commission for
this placement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">From
June 10, 2015 through July 13, 2015, MassRoots sold 1,540,673 shares of unregistered common stock to certain accredited investors
for gross proceeds of $1,140,502. </FONT>In connection with this offering, Chardan Capital received $27,200 in cash and 80,560
shares of the Company&#8217;s common stock as commission for this placement.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Market Conditions</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">MassRoots is poised to take advantage
of two rapidly growing industries: cannabis and mobile technology.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify"><U>Cannabis Market Growth and Current
Trends</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Since the MassRoots app first launched in July
2013, there have been a series of events that have help further shape the development of the cannabis and mobile technology industries:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">On August 29, 2013, Deputy Attorney General James Cole issued a memo (&#8220;The Cole Memo&#8221;)
in response to certain states passing measures to legalize the medical and adult-use of cannabis. The Cole Memo does not alter
the Department of Justice's authority to enforce Federal law, including Federal laws relating to cannabis, regardless of state
law, but does recommend that U.S. Attorneys to focus their time and resources on certain priorities, rather than businesses legally
operating under state law. These guidelines focus on ensuring that cannabis does not cross state lines, keeping dispensaries away
from schools and public facilities, strict-enforcement of state laws by regulatory agencies, among other priorities.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">On January 1, 2014, the first sales of cannabis for adult-use permissible under state law took
place in Colorado. This event resulted in significant media coverage for the industry. Since that time, three other states have
made adult-use permissible under their state law and several states have ballot proposals pending at upcoming elections.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">On February 14, 2014, the Departments
of Justice and Treasury issued a joint memo allowing banks and financial institutions to accept deposits from dispensaries operating
legally under state law. In most cases, dispensaries had been forced to operate on a cash basis, presenting significant security
and accounting issues. This was a major step in legitimizing and accepting the cannabis industry on a national level.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><I>Current States With Laws Permitting
the Medical or Adult Use of Cannabis </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">As of June 30, 2015, 23 states and the
District of Columbia have passed laws allowing some degree of medical use of cannabis, while four of those states and the District
of Columbia have also legalized the adult-use of cannabis. The states which have enacted such laws are listed below:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #F2F2F2">
    <TD STYLE="width: 64%; border-top: #A6A6A6 1pt solid; border-right: #A6A6A6 1pt solid; border-left: #A6A6A6 1pt solid; border-bottom: black 1pt solid; padding: 1.45pt 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;&nbsp;&nbsp;&nbsp;State</B></FONT></TD>
    <TD STYLE="width: 36%; border-top: #A6A6A6 1pt solid; border-right: #A6A6A6 1pt solid; border-bottom: black 1pt solid; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Year Passed</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; border-left: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.&nbsp;Alaska*</FONT></TD>
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">1998</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; border-left: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.&nbsp;Arizona</FONT></TD>
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2010</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; border-left: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.&nbsp;California</FONT></TD>
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">1996</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; border-left: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.&nbsp;Colorado*</FONT></TD>
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2000</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; border-left: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.&nbsp;Connecticut</FONT></TD>
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2012</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; border-left: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.&nbsp;District of Columbia*</FONT></TD>
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2010</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; border-left: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">7.&nbsp;Delaware</FONT></TD>
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2011</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; border-left: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.&nbsp;Hawaii</FONT></TD>
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2000</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; border-left: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.&nbsp;Illinois</FONT></TD>
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2013</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; border-left: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.&nbsp;Maine</FONT></TD>
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">1999</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; border-left: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">11. Maryland</FONT></TD>
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2014</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; border-left: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.&nbsp;Massachusetts</FONT></TD>
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2012</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; border-left: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">13.&nbsp;Michigan</FONT></TD>
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2008</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; border-left: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">14.&nbsp;Minnesota</FONT></TD>
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2014</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; border-left: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">15.&nbsp;Montana</FONT></TD>
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2004</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; border-left: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">16.&nbsp;Nevada</FONT></TD>
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2000</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; border-left: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">17.&nbsp;New Hampshire</FONT></TD>
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2013</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; border-left: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">18.&nbsp;New Jersey</FONT></TD>
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2010</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; border-left: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">19.&nbsp;New Mexico</FONT></TD>
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2007</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; border-left: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">20. New York</FONT></TD>
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2014</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; border-left: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">21.&nbsp;Oregon*</FONT></TD>
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">1998</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; border-left: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">22.&nbsp;Rhode Island</FONT></TD>
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2006</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; border-left: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">23.&nbsp;Vermont</FONT></TD>
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2004</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; border-left: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">24.&nbsp;Washington*</FONT></TD>
    <TD STYLE="border-right: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">1998</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 6pt 1in; text-indent: 0.5in">* State has enacted laws permitting
the adult use of cannabis, in addition to medical use.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><I>Public Support for Legalization Increasing</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">A Gallup poll conducted in October 2013
found that 58% of the American people supported legalizing the adult-use of cannabis, an increase of 22% from 2005 alone. This
is the first time in American history the majority of registered voters support the full legalization of cannabis for adult-use.
Moreover, of 67% participants aged 35 and below voted in support of recreational adult-use, setting the trend for years to come.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">A 2013 ArcView Market Research report
predicts an additional 14 states will legalize the adult-use of cannabis and two states will legalize medical-use within the next
five years. If public support for cannabis legalization continues to increase, we believe it is likely that Federal policies towards
marijuana will be reformed. The combination of additional states legalizing adult-use under state law, expansion of medical-use
provisions in states where it is currently permitted under state law and increased public awareness is projected to cause marijuana
sales permitted under state law to grow from $1.43 billion in 2013 to $10.2 billion in 2018, according to ArcView Market Research.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><I>Market Conditions that Could Limit
Our Business</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">Cannabis is a Schedule I Controlled Substance
under Federal law and, as such, there are several factors that could limit our market and our business. They include, but are not
limited to:</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">The Federal government and many private employers prohibit drug use of any kind, including cannabis,
even where it is permissible under state law. Random drug screenings and potential enforcement of these employment provisions significantly
reduce the size of the potential cannabis market;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Enforcement of Federal law prohibiting cannabis occurs randomly and often without notice. This
could scare many potential investors away from cannabis-related investments and makes it difficult to make accurate market predictions;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">There is no guarantee that additional states will pass measures to legalize cannabis under state
law. In many states, public support of legalization initiatives is within the margin of error of pass or fail. This is especially
true when a supermajority is needed to pass measures, like in Florida where a state constitutional amendment permitting medical
cannabis has been proposed, but requires 60% approval to pass. Changes in voters' attitudes and turnout have the potential to slow
or stop the cannabis legalization movement and potentially reverse recent cannabis legalization victories;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">There has been some resistance and negativity as a result of recent cannabis legalization at the
state level, especially as it relates to drugged driving. The lack of clearly defined and enforced laws at the state level has
the potential to sway public opinion against marijuana legalization; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Even if the Federal government does not enforce the Federal law prohibiting cannabis, the legality
of the state laws regarding the legalization of cannabis are being challenged through lawsuits. Oklahoma and Nebraska recently
sued Colorado over the legalization of cannabis, and other lawsuits have been brought by private groups and local law enforcement
officials. If these lawsuits are successful, state laws permitting cannabis sales may be overturned and significantly reduce the
size of the potential cannabis market and affect our business.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify"><U>Technology Industry</U></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 12pt 0 6pt; text-align: justify">Mobile Devices Dominate the
Industry</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">Over the past five years, mobile devices
have redefined the technology industry. Smartphones were owned by two-thirds of U.S. mobile subscribers as of the fourth quarter
of 2013, according to a February 2014 Nielsen Research Report. Smartphone sales worldwide increased 38.4% worldwide in 2013 according
to a January 2014 IDC&#8217;s Worldwide Quarterly Mobile Phone tracker report. Additionally, 195 million mobile tablets were sold
in 2013, an increase of 67.9% year over year, according to a March 2014 Gartner Research Report.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">When the rapidly-growing smartphone and
tablet market size is combined with the development fast, reliable and relatively inexpensive data plans from wireless carriers,
it becomes clear why mobile applications &#8220;Apps&#8221; have surged in popularity and value over recent years.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 12pt 0 6pt; text-align: justify">The Rise of Mobile-First Networking</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">The popularity, market share and value
of mobile-first networks are surging, especially if focused on a niche market.</P>

<UL STYLE="margin-top: 0in; list-style-type: disc; font-family: Times New Roman, Times, Serif">

<LI STYLE="text-align: justify; margin: 0 0 6pt">In August 2012, Facebook acquired Instagram for $521 million, a network without
significant revenue, but a user base of approximately 100 million.</LI>

<LI STYLE="text-align: justify; margin: 0 0 6pt">In late 2013, Facebook bid a reported $3 billion to purchase SnapChat, which was
rejected by SnapChat&#8217;s Board of Directors.</LI>

<LI STYLE="text-align: justify; margin: 0 0 6pt">In early 2014, Facebook acquired WhatsApp for a reported $18 billion in cash and
stock.</LI>

</UL STYLE="font-family: Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">Additionally, there has been rapid growth
in other mobile user driven niche networks, such as: Whisper (anonymous confessions) recently raised $30 million at a reported
$200 million valuation; Vine (short videos) was acquired pre-launch by Twitter for $30 million; and Badoo (adventurers) has a reported
valuation of $2 billion.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 12pt 0 6pt; text-align: justify">The Intersection of Mobile,
Niche-Networking and Cannabis</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">MassRoots&#8217; top priority will remain expanding
our user-base and increasing engagement on the network. In addition to strengthening MassRoots&#8217; standing within the cannabis
community, public markets have placed significant value on rapidly expanding networks, as seen by the market capitalizations and
price-to-earnings ratios (where applicable) in the social networking industry. As a mobile-first network focused on the cannabis
industry where permitted</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">under state laws, MassRoots is poised to take
advantage of the increasing popularity of mobile devices, the emergence of a multi-billion dollar cannabis industry and the decelerating
growth of Twitter and Facebook.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Employees and Consultants</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">MassRoots has 23 full-time employees and one
full time independent contractor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Amount Spent on Research and Development</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">MassRoots invests a significant portion of
its operating budget in developing new mobile communications tools, location-based services and in cross-platform compatibility
software. We expect to spend approximately $1,000,000 during fiscal year ended December 31, 2015 on development-related payroll
and expenses.<FONT STYLE="font-family: Times New Roman, Times, Serif"> We spent approximately $182,198 on research and development
for the year ended</FONT> December 31, 2014<FONT STYLE="font-family: Times New Roman, Times, Serif">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Insurance</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We do not maintain any insurance and do not
intend to maintain insurance in the future. Because we do not have any insurance, if we are made a party of a legal action, we
may not have sufficient funds to defend the litigation. If that occurs a judgment could be rendered against us that could cause
us to cease operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Government Regulation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Marijuana is a categorized as a Schedule I
controlled substance by the Drug Enforcement Agency and the United States Department of Justice and is illegal to grow, possess
and consume under Federal law. However, since 1995, 23 states and the District of Columbia have passed state laws that permit doctors
to prescribe cannabis for medical-use and four states and the District of Columbia have enacted laws that legalize the adult-use
of cannabis for any reason. This has created an unpredictable business-environment for dispensaries and collectives that legally
operate under certain state laws but in violation of Federal law. On August 29, 2013, United States Deputy Attorney General James
Cole issued the Cole Memo to United States Attorneys guiding them to prioritize enforcement of Federal law away from the cannabis
industry operating as permitted under certain state laws, so long as:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">cannabis is not being distributed to minors
and dispensaries are not located around schools and public buildings;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">the proceeds from sales are not going
to gangs, cartels or criminal enterprises;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">cannabis grown in states where it is legal
is not being diverted to other states;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">cannabis-related businesses are not being
used as a cover for sales of other illegal drugs or illegal activity;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">there is not any violence or use of fire-arms
in the cultivation and sale of marijuana;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">there is strict enforcement of drugged-driving
laws and adequate prevention of adverse health consequences; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">cannabis is not grown, used, or possessed
on Federal properties.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Cole Memo is meant only as a guide for
United States Attorneys and does not alter in any way the Department of Justice&#8217;s authority to enforce Federal law, including
Federal laws relating to cannabis, regardless of state law. We believe and have implemented procedures and policies to ensure we
are operating in compliance with the &quot;Cole Memo&quot;. However, we cannot provide assurance that our actions are in full compliance
with the Cole Memo or any other laws or regulations. Per MassRoots&#8217; Terms and Conditions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Users must agree that they are located
in a state where medical-use or adult-use of cannabis is legal;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Users must be of legal age to consume
cannabis in their particular state (18 or 21 years old, depending on the state);</FONT></TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Users may only post content that is in
compliance with their state&#8217;s laws;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Users may not solicit or distribute cannabis
through MassRoots unless they are a licensed dispensary; we also do not currently facilitate in-app messaging, forcing all conversations
to take place in a public environment;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Posting of any other drugs or substances,
including prescription pain pills, is prohibited and will result in account termination;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Posting of any violence or threat of violence
is prohibited and will result in account termination;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Posting of any drugged-driving content
is prohibited and will result in account termination; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Posting of any copyright-protected content
is prohibited and will result in account termination.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We have implemented an aggressive content and
account review program to ensure compliance with our terms and conditions. Users have the ability to report any status or account
that is in violation of our terms and we encourage users to do so as any illegal content jeopardizes the network for all our users.
When a status or account is reported, the post is automatically removed from the network until further review. A MassRoots employee
then reviews the content within 24 hours and either approves it as within our terms and conditions or permanently deletes it and
bans the user account.</P>

<P STYLE="font: 10pt 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 addition, as part of the agreement to allow
our app to return to the Apple App Store, we implemented restrictions to restrict new users to the 23 states with medical cannabis
laws.</P>

<P STYLE="font: 10pt 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">Our business plan includes allowing cannabis
dispensaries to advertise on our network which we believe could be deemed to be aiding and abetting illegal activities, a violation
of Federal law. We intend on remaining within the guidelines outlined in the Cole Memo. However, we cannot provide assurance that
we are <FONT STYLE="font-family: Times New Roman, Times, Serif">in full compliance with the Cole Memo or any other laws or regulations</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Patents and Trademarks</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 31, 2014, we applied for a trademark
of the &#8220;MassRoots, Inc.&#8221; name in the United States. However, several factors, including the Company&#8217;s app being
removed from Apple&#8217;s iOS App Store, required the Company to focus its resources in other areas, away from completing the
trademark application process. The Company is in the process of reapplying for this trademark.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Competitors, Methods of Completion, Competitive Business Conditions</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We do not believe that we face significant
direct competition in the &#8220;social network for the cannabis community&#8221; sector. No other network in the space currently
has a significant user base or significant outside funding.</P>

<P STYLE="font: 10pt 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">MassRoots competes with Facebook, Instagram
and Twitter, and other social networks for users&#8217; engagement; many of these competing social networks have substantially
more financial resources, a better user-experience and a significantly larger user-base than MassRoots. Our differentiator is that
MassRoots is solely dedicated to cannabis-related content, information most users do not feel comfortable sharing on these other
networks as it may jeopardize their personal and professional reputations. Additionally, MassRoots is developing specialized features
for the cannabis industry (such as a strain tagger) that competing networks likely will not spend the time and resources to develop
given that only a small portion of their user-base consumes cannabis. This density of cannabis consumers and content is what makes
MassRoots attractive to cannabis consumers and serves as our main competitive advantage.</P>

<P STYLE="font: 10pt 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">Network effects have come to dominate consumer
habits, which can provide protection to networks such as MassRoots. Google+ failed to obtain a dominant market share in desktop-based
social networking because it wasn&#8217;t introduced until Facebook had already conquered the market. Similarly, when Facebook
introduced Poke as a competitor to SnapChat in late 2012, it failed to overtake SnapChat due to the market dominance already achieved
by SnapChat. Even if a well-financed competitor to MassRoots were to emerge, they would not only have to convince users on why
their platform is superior, but also get them to switch away from the network their friends are</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">already using. Every user that MassRoots gains,
every interaction that takes place on our network and every day that we grow, the barrier to entry to competitors becomes higher.</P>

<P STYLE="font: 10pt 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">While it is true that some networks, such as
Friendster and MySpace, failed after building significant user-bases, we believe a primary reason for their failure was technical:
their platforms underwent routine maintenance that took the network offline for hours at a time and they did not focus on the underlying
user-experience, and overwhelmed the users with advertisements. This created opportunities for well-financed competitors to emerge.
We believe that by employing a similar strategy to other successful social networks and maintaining a focus on the user experience,
this, combined with strong network effects of our large user-base, will allow us to create and maintain significant long-term shareholder
value.</P>

<P STYLE="font: 10pt 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">MassRoots competes with other cannabis networks
such as WeedMaps, Leafly and THC Finder for advertisers&#8217; dollars. WeedMaps and THC Finder are platforms that allow users
to find and review dispensaries. Leafly is primary a strain-guide that allows users to find information on strains, add a review
and find it a dispensary closest to the user. In most situations, cannabis consumers are not looking to change dispensaries often.
All of these services &#8211; WeedMaps, Leafly and THC Finder &#8211; lack the daily, weekly and monthly recurring usage that drives
long-term value for advertisers. We believe that MassRoots&#8217; recurring usage and the ability to target advertisements to users
based on their previous posts will present a superior value proposition to advertisers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>Legal Proceedings</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We are not currently a party to any legal proceedings,
and we are not aware of any pending or potential legal actions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Sources and Availability of Raw Materials</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">We do not use raw materials in our business</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Seasonal Aspect of our Business</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">None of our products are affected by seasonal factors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Reports to Security Holders</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We are required to file reports and other information
with the SEC. You may read and copy any document that we file at the SEC's public reference facilities at 100 F. Street, N.E.,
Washington, D.C. 20549. Please call the SEC at 1-800-732-0330 for more information about its public reference facilities. Our SEC
filings are available to you free of charge at the SEC's web site at www.sec.gov. We are an electronic filer with the SEC and,
as such, our information is available through the Internet site maintained by the SEC that contains reports, proxy and information
statements and other information regarding issuers that file electronically with the SEC. This information may be found at www.sec.gov
and posted on our website at investors.massroots.com/.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">PROPERTIES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0">On April 14, 2015, the
Company completed the relocation of its headquarters to 1624 Market Street, Suite 201, Denver, CO 80202. which we leased on March
20, 2015 pursuant to a lease with RVOF Market Center, LLC. Under this lease, we agreed to rent 3,552 square feet of office space
at that location for a term of 37 months, under which the Company will pay a base rate of $0 for the first month, $8,288 for months
two through 13, $8,584.00 for the months 14 through 25, and $8,880.00 for the months 25 through 37. We did not incur a significant
cost related to the move to this location.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0">We do not own any properties
or land.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0">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>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0 10pt; text-align: center">DIRECTORS, EXECUTIVE OFFICERS,
PROMOTERS, AND CONTROL PERSONS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B>Directors and Executive Officers
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The names and ages of our Directors
and Executive Officers are set forth below. Our By-Laws provide for not less than one and not more than nine Directors. All Directors
are elected annually by the stockholders to serve until the next annual meeting of the stockholders and until their successors
are duly elected and qualified.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24%; border-bottom: black 1pt solid"><B>Name</B></TD>
    <TD STYLE="width: 1%; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 5%; border-bottom: black 1pt solid; text-align: center"><B>Age</B></TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 69%; border-bottom: black 1pt solid"><B>Position and Term</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Isaac Dietrich </TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">23</TD>
    <TD>&nbsp;</TD>
    <TD>Director and Chairman of the Board (Since 2013), Chief Executive Officer (Since 2013)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Tripp Keber</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">47</TD>
    <TD>&nbsp;</TD>
    <TD>Director (Since 2014)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Stewart Fortier<SUP>1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">24</TD>
    <TD>&nbsp;</TD>
    <TD>Director (Since 2014), Chief Technology Officer (Since 2013)</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>Ean Seeb</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">40</TD>
    <TD>&nbsp;</TD>
    <TD>Director (Since 2014)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Tyler Knight</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">23</TD>
    <TD>&nbsp;</TD>
    <TD>Director (Since 2014), Chief Marketing Officer (Since 2013)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Daniel Hunt</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">21</TD>
    <TD>&nbsp;</TD>
    <TD>Chief Operations Officer (Since 2015)</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>Jesus Quintero</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">54</TD>
    <TD>&nbsp;</TD>
    <TD>Chief Financial Officer (Since 2014)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</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"><SUP>1 </SUP><FONT STYLE="font-size: 10pt">Stewart Fortier and Hyler
Fortier, our former Chief Operations Officer, are siblings.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Isaac Dietrich, Chief Executive Officer,
Chairman of the Board and Director - </B>Isaac<B> </B>Dietrich is the founder, CEO, and Chairman of the Board of MassRoots, each
since our inception. He is responsible for executing our strategic business development. In June 2012, Mr. Dietrich co<FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT>founded
RoboCent, Inc., a self-service call platform that reached $300,000 in revenue in its first 18 month, and currently serves as President
and majority shareholder. He also founded Tidewater Campaign Solutions, LLC, a Virginia Beach-based political strategy firm that
was retained by more than 30 political campaigns and political action committees from January 2010 to December 2012.</P>

<P STYLE="font: 10pt 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 April 2012, Mr. Dietrich was a finalist
for Peter Thiel&#8217;s 20 Under 20 Fellowship and was featured in the CNBC documentary &#8220;Transforming Tomorrow.&#8221; We
believe Mr. Dietrich has the business experience in both scalable technology companies and political strategy to successfully lead
the development and growth of the Company.</P>

<P STYLE="font: 10pt 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"><B>Tripp Keber, Director
&#8211;</B> Tripp Keber has served as a Director of MassRoots since 2014. Mr. Keber also is a co-founder, Director and Chief Executive
Officer of&nbsp;Dixie Elixirs &amp; Edibles,&nbsp;a Colorado licensed medical marijuana infused products manufacturer. He is a
founding director of the&nbsp;National Cannabis Industry Association, and, since 2013, has served as a director of the&nbsp;Marijuana
Policy Project. He is also an advisory board member of the&nbsp;Medical Marijuana Industry Group&nbsp;in Colorado. Mr. Keber also
serves as a board member of American Cannabis Company (2014-current). In his current role as CEO of Dixie, Mr. Keber is responsible
for the overall strategy, licensing, marketing, branding and expansion efforts related to the Dixie brand, both domestically and
internationally.&nbsp; Mr. Keber has been featured on CBS&#8217;s 60 Minutes and CNBC.</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: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Prior to joining Dixie,
Mr. Keber served as Chief Operating Officer for Bella Terra Resort Development Company, and EVP of Business Development for Sagebrush
Realty Development.&nbsp;He has a BS in Political Science from Villanova University and currently resides in both Aspen and Denver,
CO with his family. He is involved in several charitable organizations located within his community and assists in the research
and development of cannabis support for veterans suffering from PTSD. As an experienced leader in the legal cannabis industry,
we believe that Mr. Keber will use his experience and industry knowledge to help guide our leadership team.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><B>Ean Seeb, Director
&#8211;</B> Ean Seeb has served as a Director of MassRoots since 2014. Mr. Seeb is also the co-owner and manager of Denver Relief
LLC, a Colorado medical cannabis operation. As a founding partner of Denver Relief Consulting LLC and seasoned cannabis dispensary
operator, Mr. Seeb has significant experience navigating complex legislation and regulatory demands unique to legal cannabis operations.
Mr. Seeb also serves as a board</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">member of Manna Molecular
Sciences (2015-current). He serves as Chair of the National Cannabis Industry Association and holds leadership positions with charitable
organizations focused on a range of social causes, from civil rights to sustainable volunteer farming. Mr. Seeb has been actively
involved with non-profit groups for over two decades. His years of humanitarian experience lead Mr. Seeb to conceptualize and develop
a cannabis-centric service organization called the Denver Relief GREEN TEAM in 2009. He holds a B.S. degree in Business Administration
with an emphasis in Computer Information Systems from University of Northern Colorado. We believe that Mr. Seeb will use his experience
and industry knowledge to help guide our leadership team.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Stewart Fortier, Chief Technology Officer,
Director -</B> Stewart Fortier is a co-founder and Director of MassRoots, and has served as Chief Technology Officer since our
inception. Mr. Fortier is responsible for the development of our iOS application and technical strategy. He is a self-taught software
developer with an interest in both entrepreneurship and technology. Prior to joining MassRoots, Mr. Fortier worked for a real estate
development company in Washington, D.C., where he was responsible for the underwriting of commercial and multifamily acquisitions.
Previously, Mr. Fortier served as a technical adviser to RoboCent, Inc. from June 2012 to April 2013.</P>

<P STYLE="font: 10pt 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">Mr. Fortier holds a Bachelor of Arts in Economics
and Religious Studies from the University of Virginia. We believe Mr. Fortier has the technical and business experience and skill
to be successful in both his Chief Technology Officer and Director roles.</P>

<P STYLE="font: 10pt 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"><B>Tyler Knight, Director and Chief Marketing
Officer - </B>Tyler Knight is a co-founder, Director and Chief Marketing Officer of MassRoots, responsible for user-acquisition
and key marketing channel relations. Prior to joining the MassRoots team, Mr. Knight served as Chief Operations Officer for RoboCent,
Inc. from January 2013 to April 2013, playing a key role in acquiring more than 250 clients and growing the scalable call platform
to $300,000 in revenue in its first 18 months. He also worked on several political campaigns from January 2010 to December 2012,
including serving as Deputy Field Director on Ben Loyola&#8217;s 2011 campaign for state Senate. Prior to joining MassRoots, Mr.
Knight studied marketing at Old Dominion University.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Daniel Hunt, Chief Operations Officer -</B>
Since June 2015, Daniel Hunt, age 21, has served as the Company&#8217;s Chief Operations Officer, responsible for overseeing the
Company's daily operations, including marketing, sales, business development, staffing, processes and infrastructure. From July
2014 to June 2015, Mr. Hunt served as the Company's Vice President of Marketing, where he was responsible for the coordination
and implementation of the Company&#8217;s marketing initiatives. From June 2011 to July 2014, Mr. Hunt served as Head of Business
Development for SearchParty Music, a media production company in Massachusetts. Prior to joining the Company, Mr. Hunt attended
James Madison University from 2012-2014, where he gained experience while supporting the operations of early-stage startups as
a member of the Society of Entrepreneurs. Mr. Hunt also serves on the board of managers of Flowhub, LLC, a private cannabis point-of-sale
company.</P>

<P STYLE="font: 10pt 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"><B>Jesus Quintero, Chief Financial Officer
- </B>Jesus Quintero joined MassRoots as its Chief Financial Officer in May 2014. From January 2013 to October 2014, Mr. Quintero
has also served as Brazil Interactive Media&#8217;s Chief Financial Officer. He has previously served as a financial consultant
to several multi-million dollar businesses in Florida. Mr. Quintero has extensive experience in public company reporting and SEC/SOX
compliance, and held senior finance positions with Avnet, Inc., Latin Node, Inc., Globetel Communications Corp. and Telefonica
of Spain. His prior experience also includes tenure with PricewaterhouseCoopers and Deloitte &amp; Touche. Mr. Quintero earned
a B.S. in Accounting from St. John&#8217;s University and is a certified public accountant. He is fluent in English and Spanish,
and conversant in Brazilian Portuguese</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Legal Proceedings</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">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 (other than traffic violations and other minor offenses), (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.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Corporate Governance</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s Board of Directors is composed
of five members: Isaac Dietrich, who serves as Chairman of the Board, Ean Seeb, Tripp Keber, Stewart Fortier and Tyler Knight.
Messrs. Dietrich and Fortier are not &#8220;independent&#8221; as the term is used in Item 7(d)(3)(iv)(B) of Schedule 14A under
the Exchange Act, as amended. Moving forward, at such time the Board of Directors deems additional independent directors desirable,
or that we are required to have additional independent directors, either as a result of our listing on the NASDAQ Capital Market,
or a similar market or exchange, or that we are otherwise required by applicable law to have independent directors, we will promptly
take steps to appoint such independent directors.</P>

<P STYLE="font: 10pt 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">We do not have any standing audit, nominating
and compensation committees of the Board of Directors, or committees performing similar functions. All Board actions have been
taken by Written Action rather than formal meetings.</P>

<P STYLE="font: 10pt 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 lieu of an Audit Committee, the Company&#8217;s
Board of Directors is responsible for reviewing and making recommendations concerning the selection of outside auditors, reviewing
the scope, results and effectiveness of the annual audit of the Company's financial statements and other services provided by the
Company&#8217;s independent public accountants. The Board of Directors reviews the Company's internal accounting controls, practices
and policies.</P>

<P STYLE="font: 10pt 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">Moving forward, at such time as the Board of
Directors believes that nominating, compensation or audit committees are necessary or desirable, or that we are required to have
such committees, either as a result of our listing on the NASDAQ Capital Market or a similar market or exchange, or otherwise as
required by law, we will take steps to form such committees and adopt charters as may be required to comply with all applicable
rules and regulations.</P>

<P STYLE="font: 10pt 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">We currently have a Code of Ethics applicable
to our principal executives, financial and accounting officers. A copy of the Code is available at our investor website: investors.massroots.com.</P>

<P STYLE="font: 10pt 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"><B>Shareholder Communications </B></P>

<P STYLE="font: 10pt 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">Although we do not have a formal policy regarding
communications with the Board, shareholders may communicate with the Board by writing to us at 1624 Market Street, Suite 201, Denver,
CO 80202, Attention: Legal. Shareholders who would like their submission directed to a member of the Board may so specify, and
the communication will be forwarded, as appropriate.</P>

<P STYLE="font: 10pt 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"><B>Certain Relationships And Related Transactions</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Except as described herein (or within the section
entitled Executive Compensation of this prospectus), none of the following parties (each a &#8220;Related Party&#8221;) has, in
our fiscal years ended 2013 and 2014, had any material interest, direct or indirect, in any transaction with us or in any presently
proposed transaction that has or will materially affect us:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 20px; text-align: justify">&#8226;</TD>
    <TD STYLE="width: 7px">&nbsp;</TD>
    <TD STYLE="text-align: justify">any of our directors or officers;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 20px; text-align: justify">&#8226;</TD>
    <TD STYLE="width: 7px">&nbsp;</TD>
    <TD STYLE="text-align: justify">any person who beneficially owns, directly or indirectly, shares carrying more than 10% of the voting rights attached to our outstanding shares of common stock; or</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 20px; text-align: justify">&#8226;</TD>
    <TD STYLE="width: 7px">&nbsp;</TD>
    <TD STYLE="text-align: justify">any member of the immediate family (including spouse, parents, children, siblings and in- laws) of any of the above persons.</TD></TR>
</TABLE>
<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">On April 24, 2013, the Company approved the
issuance of 15.25 shares of common stock (4,569,970 shares post-Exchange) to Isaac Dietrich, our Chief Executive Officer and Chairman,
to repay $17,053 short term borrowing related to Mr. Dietrich&#8217;s payment of general Company expenses during the Company&#8217;s
first months since inception and to compensate him for his services. Service expense of $112,505 was recognized due to the fair
value of the shares in excess of the value of the short term borrowing. These shares were recorded as common stock to be issued
and subsequently issued on the closing date of January 1, 2014.</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">On April 24, 2013, the Company approved the
issuance of 3.75 shares of common stock (1,142,493 shares post-Exchange) to Hyler Fortier, our former Chief Operations Officer,
in exchange for her services. The market value of the issued shares is $31,870 and is approximated to be the fair market value
of the services received. These shares</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">were recorded as Common Stock to be issued
and subsequently issued on the Original Offering&#8217;s closing date of January&nbsp;1, 2014.</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">On April 24, 2013, the Company approved the
issuance of 3.00 shares of common stock (913,994 shares post-Exchange) to Stewart Fortier, our Chief Technology Officer, in exchange
for his services. The market value of the issued shares is $25,496 and is approximated to be the fair market value of the services
received. These shares were recorded as Common Stock to be issued and subsequently issued on the Original Offering&#8217;s closing
date of January&nbsp;1, 2014.</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">On April 24, 2013, the Company approved the
issuance of 3.00 shares of common stock (913,994 shares post-Exchange) to Tyler Knight, our Chief Marketing Officer, in exchange
for his services. The market value of the issued shares is $25,496 and is approximated to be the fair market value of the services
received. These shares were recorded as Common Stock to be issued and subsequently issued on the Original Offering&#8217;s closing
date of January&nbsp;1, 2014.</P>

<P STYLE="font: 10pt 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">During the year ended December 31, 2013, the
Company issued 72.06 stock options (21,954,137 shares post-Exchange) to directors and officers of the Company. In addition, options
to purchase 42.81, 11.25, 9.0, and 9.0 shares (13,042,695, 3,427,478, 2,741,982 and 2,741,982 shares post-Exchange) of the Company&#8217;s
common stock at $1.00 per share were issued to Mr. Dietrich, Ms. Fortier, Mr. Fortier, and Mr. Knight, respectively. The options
vested through January 1, 2017 and contained an acceleration clause which was triggered on January 1, 2014 that caused all options
to vest immediately. On January 1, 2014, each officer exercised all options held at that time.</P>

<P STYLE="font: 10pt 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">On October 7, 2013, the Company entered into
an agreement to issue as compensation for services provided a total of 2.94 Series A Preferred shares (895,715 common shares post-Exchange)
with a market value of $24,998 to Douglas Leighton, the Company&#8217;s former director, for financial consulting services. The
market value of the shares approximated the fair market value of services received. These shares were recorded as Series A Preferred
Stock to be issued and subsequently issued on the Original Offering&#8217;s closing date of January 1, 2014.</P>

<P STYLE="font: 10pt 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">As payment for consulting services provided
in relation to the March 2014 Offering, we issued Dutchess a warrant exercisable into 4,050,000 shares of our common stock at $0.001
per share, and a warrant exercisable into 2,375,000 shares of our common stock at $0.40 per share on March 24, 2014. Dutchess is
controlled by our former director, Douglas Leighton, and Michael Novielli. These warrants may be exercised any time after their
issuance date through and including the third anniversary of their issuance date. The Company also granted registration rights
to Dutchess covering all shares of common stock issuable upon the excise of the warrants.</P>

<P STYLE="font: 10pt 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">On May 1, 2014, the Company issued 100,000
shares of common stock to Jesus Quintero at $0.01 per share in exchange for his services as the Company&#8217;s Chief Financial
Officer for one year. These shares have a fair market value of $10,000.</P>

<P STYLE="font: 10pt 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">On June 4, 2014, each of Ean Seeb and Tripp
Keber, our independent directors, received the following pursuant to our 2014 Employee Incentive Plan for their service as a director:
(i) a Stock Award of 250,000 shares of our Common Stock valued at $25,000 and (ii) Options to purchase up to 750,000 shares of
our common stock at $0.10 per share, valued at $73,863.</P>

<P STYLE="font: 10pt 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">On October 28, 2014, each of Isaac Dietrich
and Stewart Fortier, our Chief Executive Officer and Chief Technology Officer, respectively, each agreed to participate in the
Company&#8217;s private offering that took place beginning <FONT STYLE="font-family: Times New Roman, Times, Serif">September 15,
2014 and continued until March 11, 2015, </FONT>whereby Mr. Dietrich purchased $5,000 of the Company&#8217;s securities consisting
of 10,000 shares of the Company&#8217;s common stock and warrants to purchase 5,000 shares at $1 per share, while Mr. Fortier purchased
$10,000 of the Company&#8217;s securities consisting of 20,000 shares of the Company&#8217;s common stock and warrants to purchase
5,000 shares at $1 per share. On March 11, 2015, E3 Events, LLC, which is controlled by our Director, Ean Seeb, purchased $15,000
of the Company&#8217;s securities consisting of 30,000 shares of the Company&#8217;s common stock and warrants to purchase 15,000
shares at $1 per share. Each of these purchases were made on the same terms as other, non-affiliated investors.</P>

<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"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">EXECUTIVE COMPENSATION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9pt 0 0"><B>Named Executive Officers</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 0">Our &#8220;named executive officers&#8221; for the 2014
fiscal year consisted of the following individuals:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: top">Isaac Dietrich, our Chief Executive Officer</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">Stewart Fortier, our Chief Technology Officer</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">Tyler Knight, our Chief Marketing Officer</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><B>Summary Compensation Table</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">The table below summarizes all compensation
awarded to, earned by, or paid to our Chief Executive Officer and our two most highly compensated executive officers who occupied
such position at the end of our last fiscal year for all services rendered in all capacities to us during the previous two fiscal
years.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 12%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Name &amp; </B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>Principal </B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>Position</B></FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 6%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Year</B></FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 6%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Salary </B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 6%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Bonus</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 14%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Stock </B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>Awards (5)</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>$ </B></FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 11%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Option</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>Awards (1)(5)</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 12%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Non-Equity </B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>Incentive Plan </B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>Compensation</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 12%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>All Other </B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>Compensation</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 11%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Total</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #CCFFCC">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">Isaac Dietrich</FONT><BR>
<FONT STYLE="font-size: 10pt">Chief Executive Officer, Director</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">2013</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">2014</P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$8,750</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$53,000</P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">-</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">-</P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$112,505<SUP>(2)</SUP></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">-</P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$363,811</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">-</P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">-</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">-</P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">-</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">-</P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$485,066</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$53,000</P></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <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="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="background-color: #CCFFCC">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">Stewart Fortier, </FONT><BR>
<FONT STYLE="font-size: 10pt">Chief Technology Officer, Director</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">2013</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">2014</P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$10,513</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$62,734</P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">-</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">-</P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$25,496<SUP>(3)</SUP></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">-</P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$76,485</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">-</P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">-</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">-</P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">-</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">-</P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$112,510</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$62,734</P></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <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="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="background-color: #CCFFCC">
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Tyler Knight,</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Chief Marketing Officer, Director</P></TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">2013</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">2014</P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$5,000</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$35,750</P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">-</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">-</P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$25,496<SUP>(4)</SUP></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">-</P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$76,485</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">-</P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">-</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">-</P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">-</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">-</P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$106,997</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$35,750</P></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 3pt 0.5in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 3pt; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.25pt"></TD><TD STYLE="width: 18pt">(1)</TD><TD STYLE="text-align: justify">On April 24, 2013, 42.81, 11.25, and 9.00 stock options (13,042,695, 3,427,478 and 2,741,982 shares
post-Exchange) were issued as part of the employment agreements with Isaac Dietrich, Hyler Fortier and Stewart Fortier, respectively.
Each stock option allows the holder to purchase the same number of share of the Company&#8217;s common stock at $1.00 per share
(approximately $0.000003 per share post&#45;Exchange) per each individual option. The options vested through January 1, 2017, and
contained an acceleration clause which was triggered upon the closure of the Original Financing on January 1, 2014 that caused
all options to vest immediately, at which point all options were exercised. The fair market value was calculated using the Black-Scholes
options pricing model, assuming approximately 1.73% risk-free interest, 0% dividend yield, 200% volatility, and expected life of
7 years.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 3pt; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.25pt"></TD><TD STYLE="width: 18pt">(2)</TD><TD STYLE="text-align: justify">On April 24, 2013, the Company approved the issuance of 15.25 shares of common stock (4,646,136
shares post-Exchange) to Isaac Dietrich, our Chief Executive Officer and Chairman, to repay $17,053 short term borrowing related
to Mr. Dietrich&#8217;s payment of general Company expenses during the Company&#8217;s first months since inception and to compensate
him for his services. Service expense of $112,505 was recognized due to the fair value of the shares in excess of the value of
the short term borrowing.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 3pt; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.25pt"></TD><TD STYLE="width: 18pt">(3)</TD><TD STYLE="text-align: justify">On April 24, 2013, the Company approved the issuance of 3.00 shares of common stock (913,994 shares
post-Exchange) to Stewart Fortier in exchange for his services. The market value of the issued shares is $25,496 and is approximated
to be the fair market value of the services received. These shares were recorded as Common Stock to be issued and subsequently
issued on January 1, 2014.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 3pt; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.25pt"></TD><TD STYLE="width: 18pt">(4)</TD><TD STYLE="text-align: justify">On April 24, 2013, the Company approved the issuance of 3.00 shares of common stock (913,994 shares
post-Exchange) to Tyler Knight in exchange for his services. The market value of the issued shares is $25,496 and is approximated
to be the fair market value of the services received. These shares were recorded as Common Stock to be issued and subsequently
issued on January 1, 2014.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 3pt; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.25pt"></TD><TD STYLE="width: 18pt">(5)</TD><TD STYLE="text-align: justify">These amounts are the aggregate fair value of the equity compensation paid to our directors during
the fiscal year. The aggregate fair value is computed in accordance with FASB ASC Topic 718. See Note 2 to our audited financial
statements contained in the Annual Report on Form 10-K regarding assumptions underlying valuation of equity awards.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 3pt 2.25pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Outstanding Equity Awards at December 31, 2014 Fiscal Year End</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify">No named executive officer had unexercised
outstanding equity awards at December 31, 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Narrative Disclosure to Summary Compensation and Option Tables</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 24, 2013, we entered into an agreement
with Isaac Dietrich, our Chief Executive Officer and Chairman, to provide services to us. For his services for a term of four years
and in repayment of $17,053 of short term borrowing, Mr. Dietrich received compensation of $1 per month, and was provided a stock
award of 15.25 shares (4,646,136 shares post-Exchange) and stock options which allowed Mr. Dietrich to purchase 42.81 shares</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(13,042,695 shares post-Exchange) of the Company&#8217;s
common stock at $1.00 per share per each individual option. The options vested through January 1, 2017, and contained an acceleration
clause which was triggered upon the closure of the Original Financing on January 1, 2014 that caused all options to vest immediately,
at which point all options were exercised. <I> </I>The agreement was amended on October 1, 2013 to require us to pay $3,500 monthly
to Mr. Dietrich.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 24, 2013, we entered into an agreement
with Tyler Knight to provide services to us. The agreement had a term of four years and required us to pay $1 monthly to Mr. Fortier
for her services, provided a stock award of 3.75 shares (913,994 shares post-Exchange) and provided stock options which allowed
Mr. Knight to purchase 9.00 shares (2,741,982 shares post-Exchange) shares of the Company&#8217;s common stock at $1.00 per share
per each individual option. The options vested through January 1, 2017, and contained an acceleration clause which was triggered
upon the closure of the Original Financing on January 1, 2014 that caused all options to vest immediately at which point all options
were exercised. <I> </I>The agreement was amended on October 1, 2013 to require us to pay $2,000 monthly to Mr. Knight.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 24, 2013, we entered into an agreement
with Stewart Fortier to provide services to us. The agreement had a term of four years and required us to pay $20/hour to Mr. Fortier
for his services, provided a stock award of 3.0 shares (913,994 shares post-Exchange) and stock options which allowed Mr. Fortier
to purchase 9.00 shares (2,741,982 shares post-Exchange) of the Company&#8217;s common stock at $1.00 per share per each individual
option. The options vested through January 1, 2017, and contained an acceleration clause which was triggered upon the closure of
the Original Financing on January 1, 2014 that caused all options to vest immediately, at which point all options were exercised.
The agreement was amended on October 1, 2013 to require us to pay $30/hr to Mr. Fortier.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt"><I>Amended Employment Agreements</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 1, 2014, MassRoots amended its employment
contract with Isaac Dietrich. For his services as Chief Executive Officer, Mr. Dietrich shall be compensated five thousand dollars
($5,000) per month.</P>

<P STYLE="font: 10pt 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">On March 31, 2015, MassRoots again amended
its employment contract with Isaac Dietrich. For his services as Chief Executive Officer, Mr. Dietrich shall be compensated seven
thousand five hundred dollars ($7,500) per month, effective April 1, 2015. The employment contract is &#8220;at-will&#8221; and
may be terminated by either party with or without cause with one (1) month&#8217;s written notice. No retirement plan, health insurance
or employee benefits program was awarded to Mr. Dietrich and he serves at the direction of the Board of Directors.</P>

<P STYLE="font: 10pt 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">On April 1, 2014, MassRoots amended its employment
contract with Stewart Fortier. For his services as Chief Technology Officer, Mr. Fortier shall be compensated six thousand five
hundred dollars ($6,500) per month. Upon the successful execution of all of our outstanding forty-cent ($0.40) warrants, Mr. Fortier&#8217;s
salary will increase to ten thousand dollars ($10,000) per month. The employment contract is &#8220;at-will&#8221; and may be terminated
by either party with or without cause with one (1) month&#8217;s written notice. No retirement plan, health insurance or employee
benefits program was awarded to Mr. Fortier and he serves at the direction of the Chief Executive Officer and Board of Directors.</P>

<P STYLE="font: 10pt 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">On April 1, 2014, MassRoots amended its employment
contract with Tyler Knight. For his services as Chief Marketing Officer, Mr. Knight shall be compensated three thousand five hundred
dollars ($3,500) per month.</P>

<P STYLE="font: 10pt 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">On January 1, 2015, MassRoots again amended
its employment contract with Tyler Knight. For his services as Chief Marketing Officer, Mr. Knight shall be five thousand dollars
($5,000) per month. The employment contract is &#8220;at-will&#8221; and may be terminated by either party with or without cause
with one (1) month&#8217;s written notice. No retirement plan, health insurance or employee benefits program was awarded to Mr.
Knight and he serves at the direction of the Chief Executive Officer and Board of Directors.</P>

<P STYLE="font: 10pt 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"><I>Consulting Agreement</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0">On May 1, 2014, MassRoots
executed an agreement with Jesus Quintero for Mr. Quintero to serve as the Company&#8217;s Chief Financial Officer and provide
it with financial consulting services. This agreement creates an independent contractor relationship and has a term of one year.
For this service, Mr. Quintero is paid $2,000 per month and was issued a stock award of 100,000 shares of our common stock on June
6, 2014. No retirement plan, health insurance or employee benefits program was awarded to Mr. Quintero and he serves at the direction
of the</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0">Chief Executive Officer
and Board of Directors. This Agreement may be terminated by either party, with cause, upon ten (10) days prior written notice to
the other party. If terminated, Mr. Quintero would receive only the compensation earned, but unpaid under the agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 1, 2015, MassRoots executed an agreement
with Jesus Quintero for Mr. Quintero to continue to serve as the Company&#8217;s Chief Financial Officer and provide it with financial
consulting services. This agreement creates an independent contractor relationship and has a term of one year. For this service,
Mr. Quintero is paid $2,000 per month. No retirement plan, health insurance or employee benefits program was awarded to Mr. Quintero
and he serves at the direction of the Chief Executive Officer and Board of Directors. This agreement may be terminated by either
party, without cause, upon ninety (90) days prior written notice to the other party. If terminated, Mr. Quintero would receive
only the compensation earned, but unpaid under the agreement. On October 1, 2015, MassRoots agreed to increase Jesus Quintero&#8217;s
compensation to $4,000 per month.</P>

<P STYLE="font: 10pt 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">At no time during the last fiscal year with
respect to any person listed in the Table above was there:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">any outstanding option or other equity-based award re-priced or otherwise materially modified (such
as by extension of exercise periods, the change of vesting or forfeiture conditions, the change or elimination of applicable performance
criteria, or the change of the bases upon which returns are determined);</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">any waiver or modification of any specified performance target, goal or condition to payout with
respect to any amount included in non-stock incentive plan compensation or payouts;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">any non-equity incentive plan award made to a named executive officer;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">any nonqualified deferred compensation plans including nonqualified defined contribution plans;
or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font: 10pt Symbol">&middot;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any payment for any item to be included under All Other Compensation (column (i)) in the Summary Compensation Table.</P>

<P STYLE="font: 10pt 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"><B>Equity Compensation Plan Information</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Information on the 2014 Plan is available in
the section of this prospectus entitled &#8220;<FONT STYLE="font-family: Times New Roman, Times, Serif">Market For Common Stock&#8221;
found above. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Director Compensation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our interested directors do not receive additional
compensation for their service as directors.<I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The following table shows for the fiscal
year ended December 31, 2014, certain information with respect to the compensation of all non-employee directors of the Company:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD STYLE="padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="width: 52px; padding-right: 1.45pt">&nbsp;</TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 1.45pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; border-bottom: black 1pt solid"><B>Name</B></P></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.45pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Fees&nbsp;Earned&nbsp;or</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>Paid in Cash</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.45pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Stock</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>Awards&nbsp;(1)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.45pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Option</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>Awards&nbsp;(1)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.45pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Total&nbsp;</B></FONT></TD></TR>
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; padding-left: 12pt; text-indent: -12pt"><FONT STYLE="font-size: 10pt">Ean Seeb</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">(2)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; text-align: right"><FONT STYLE="font-size: 10pt">0</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; padding-right: 1.45pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;25,000</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; text-align: right"><FONT STYLE="font-size: 10pt">73,863</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; text-align: right"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; text-align: right"><FONT STYLE="font-size: 10pt">93,836</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; padding-left: 12pt; text-indent: -12pt"><FONT STYLE="font-size: 10pt">Tripp Keber</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">(2)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; text-align: right"><FONT STYLE="font-size: 10pt">0</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;25,000</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; text-align: right"><FONT STYLE="font-size: 10pt">73,836</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 1.45pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; text-align: right"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; text-align: right"><FONT STYLE="font-size: 10pt">93,836</FONT></TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(1)</TD><TD STYLE="text-align: left">These amounts are the aggregate fair value of the equity compensation paid to our directors during
the fiscal year. The aggregate fair value is computed in accordance with FASB ASC Topic 718. See Note 3 to our consolidated financial
statements contained in this Annual Report on Form 10-K regarding assumptions underlying valuation of equity awards.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(2)</TD><TD STYLE="text-align: justify">Messrs. Seeb and Keber joined the Company&#8217;s Board of Directors on June 4, 2014 and March
31, 2014, respectively.</TD></TR></TABLE>

<P STYLE="font: 10pt 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">On June 6, 2014, each of Ean Seeb and Tripp
Keber, our independent directors, received the following pursuant to our 2014 Employee Incentive Plan for their service as a director:
(i) a stock award of 250,000 shares of our Common Stock (the &#8220;Stock Award&#8221;) and (ii) options to purchase up to 750,000
shares of our common stock at $0.10 per share (each an &#8220;Option&#8221;) which vest as follows:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Beginning on October 1, 2014, 250,000 Options shall begin to vest over the period of one year on
a monthly basis, such that 20,833 Options shall vest on the first of each month, except for every third month when 20,834 Options
shall vest;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Beginning on the later of (i) the date that Company attains 830,000 Users (&#8220;Users&#8221;
are defined for the purposes of the Options as the number of unique registrations for MassRoots Inc.&#8217;s network through</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0.5in">MassRoots Inc.&#8217;s
mobile application and/or website (final determination shall be by the Committee)) or (ii) October 1, 2015, 250,000 Options shall
begin to vest over the period of one year on a monthly basis, such that 20,833 Options shall vest on the first of each month, except
for every third month when 20,834 Options shall vest; and</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Beginning on the later of (1) the date that Company attains 1,080,000 Users or (2) October 1, 2016,
250,000 Options shall vest immediately.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">All vesting per the above schedule shall cease
thirty days from the time the applicable director is dismissed from the Board, fails to win re-election by shareholders, or resigns
as a director. Each of the Options and Stock Awards granted to Messrs. Keber and Seeb shall not be exercised or sold, respectively,
unless (i) permitted by all Federal and state laws, including Rule 144 of the Securities Act, and (ii) all outstanding convertible
debentures have been redeemed or converted into shares of our common stock. As of December 31, 2014, 62,500 Options held by each
of Messrs. Seeb and Keber had vested and were available for exercise.</P>

<P STYLE="font: 10pt 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">No director received any compensation for their
service as a director for the year-ended December 31, 2013.<FONT STYLE="font-family: Times New Roman, Times, Serif"> </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Indemnification of Officers and Directors</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our Amended and Restated Certificate of Incorporation
provides that we shall indemnify our officers and directors to the fullest extent permitted by applicable law against all liability
and loss suffered and expenses (including attorneys&quot; fees) incurred in connection with actions or proceedings brought against
them by reason of their serving or having served as officers, directors or in other capacities. We shall be required to indemnify
a director or officer in connection with an action or proceeding commenced by such director or officer only if the commencement
of such action or proceeding by the director or officer was authorized in advance by the Board of Directors.</P>

<P STYLE="font: 10pt 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">We do not currently maintain director&#8217;s
and officer&#8217;s liability insurance but we may do so in the future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT><BR CLEAR="ALL">
</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
OWNERS AND MANAGEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table sets forth certain information
with respect to the beneficial ownership of common stock by: (i)&nbsp;each director, (ii)&nbsp;each of the executive officers of
the Company, (iii)&nbsp;all current directors and executive officers as a group, and (iv)&nbsp;each stockholder known to the Company
to be the beneficial owner of more than 5% of the outstanding shares of common stock.</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">Unless otherwise indicated in the footnotes
to the table, all information set forth in the table is as of September 30, 2015, and the address for each director and executive
officer of the Company is: c/o MassRoots, Inc., 1624 Market Street, Suite 201, Denver, CO 80202. The addresses for the greater
than 5% stockholders are set forth in the footnotes to this table.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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>
    <TD STYLE="width: 45%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 24%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 17%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="6" STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Common Stock</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Number of</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><B>Shares</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><B>Beneficially</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><B>Owned (1)</B></P></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Percentage</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><B>Outstanding (2)</B></P></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 8.8pt; text-indent: -8.8pt"><FONT STYLE="font-size: 10pt"><B>Directors and Officers</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">Isaac Dietrich</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">17,703,831 (3)</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 10pt">38.54%</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">Stewart Fortier</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3,685,976 (4)</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 10pt">8.02%</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">Tyler Knight </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3,655,976</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 10pt">7.96%</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 8.8pt; text-indent: -8.8pt"><FONT STYLE="font-size: 10pt">Daniel Hunt</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">359,163 (15)</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 10pt">0.78%</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 8.8pt; text-indent: -8.8pt"><FONT STYLE="font-size: 10pt">Ean Seeb </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">586,666 (12)</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1.27%</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 8.8pt; text-indent: -8.8pt"><FONT STYLE="font-size: 10pt">Tripp Keber</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">541,666 (13)</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1.17%</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 8.8pt; text-indent: -8.8pt"><FONT STYLE="font-size: 10pt">Jesus Quintero</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">100,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 10pt">0.22%</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 8.8pt; text-indent: -8.8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 8.8pt; text-indent: -8.8pt">All directors and named executive</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 8.8pt; text-indent: -8.8pt">officers as a group (7&nbsp;persons)</P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">26,663,278</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">57.96%</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4" STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 8.8pt; text-indent: -8.8pt"><FONT STYLE="font-size: 10pt"><B>5% Stockholders </B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 8.8pt; text-indent: -8.8pt"><FONT STYLE="font-size: 10pt">Douglas Leighton (5) </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">10,625,238 </FONT><FONT STYLE="font-size: 10pt">(6)</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">19.44% (7)</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 8.8pt; text-indent: -8.8pt"><FONT STYLE="font-size: 10pt">Michael Novielli (8)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">7,930,469 </FONT><FONT STYLE="font-size: 10pt">(9)</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">14.78% (7)</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 8.8pt; text-indent: -8.8pt"><FONT STYLE="font-size: 10pt">Dutchess Opportunity Fund II, LP (10)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">7,180,469 &nbsp;</FONT><FONT STYLE="font-size: 10pt">(11)</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">13.57% (7)</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 8.8pt; text-indent: -8.8pt"><FONT STYLE="font-size: 10pt">Hyler Fortier (14)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4,569,970</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 10pt">9.95%</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 6%; padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(1)</FONT></TD>
    <TD STYLE="width: 92%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">The Company believes that each stockholder has sole voting and investment power with respect to the shares of common stock listed, except as otherwise noted. The number of shares beneficially owned by each stockholder is determined under rules of the SEC, and the information is not necessarily indicative of ownership for any other purpose. Under these rules, beneficial ownership includes (i) any shares as to which the person has sole or shared voting power or investment power and (ii) any shares which the individual has the right to acquire within 60 days after September 30, 2015 through the exercise of any stock option, warrant, conversion of preferred stock or other right, but such shares are deemed to be outstanding only for the purposes of computing the percentage ownership of the person that beneficially owns such shares and not for any other person shown in the table. The inclusion herein of any shares of common stock deemed beneficially owned does not constitute an admission by such stockholder of beneficial ownership of those shares of common stock .</FONT></TD>
    <TD STYLE="width: 2%; 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: 13.5pt; text-align: right; text-indent: -13.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(2)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Based on 45,928,971 shares of common stock outstanding as of September 30, 2015.</FONT></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: 13.5pt; text-align: right; text-indent: -13.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(3)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The 17,703,831 shares of common stock include (i) 17,698,831 shares of common stock; and (ii) 5,000 shares of common stock issuable upon exercise of $1 warrants. &nbsp;These are </FONT><FONT STYLE="font-size: 10pt">aggregated without regard to the 4.99% Blocker. </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(4)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The 3,685,976 &nbsp;shares of common stock include (i) 3,675,976 shares of common stock; and (ii) 10,000 shares of common stock issuable upon exercise of $1 warrants. &nbsp;These are </FONT><FONT STYLE="font-size: 10pt">aggregated without regard to the 4.99% Blocker.</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(5)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Douglas Leighton resigned from the Company&#8217;s Board of Directors as of March 25, 2014. His address is as follows: 50 Commonwealth Ave., Suite 2 Boston, MA 02116.</FONT></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: 13.5pt; text-align: right; text-indent: -13.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&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: top">
    <TD STYLE="width: 6%; padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(6)</FONT></TD>
    <TD STYLE="width: 92%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">The <FONT STYLE="font-family: Times New Roman, Times, Serif">10,625,238 </FONT>shares of our common stock, aggregated without regard to the 4.99% Blocker, includes (i) 923,371 shares of our common stock held of record by Mr. Douglas Leighton; (ii) 771,398 shares of our common stock held of record by Bass Point Capital, LLC (of which Mr. Leighton, as Managing Member, has sole voting power and dispositive control); (iii) 1,000,000 <FONT STYLE="font-family: Times New Roman, Times, Serif">shares of our common stock issuable to Bass Point Capital, LLC upon exercise of $0.001 warrants</FONT> (iv) $109,100 in convertible debentures held by Dutchess (which Mr. Leighton and Michael Novelli, as Managing Members, have shared voting power and dispositive control), convertible into 1,091,000 shares of our common stock; (v) <FONT STYLE="font-family: Times New Roman, Times, Serif">2,963,659 shares of our common stock issuable to Dutchess upon exercise of the $0.001 Consulting Warrants; (vi) 2,920,500 shares of our common stock issuable to Dutchess upon exercise of the $0.40 Warrants</FONT>; (vii) 205,310 shares of our common stock<FONT STYLE="font-family: Times New Roman, Times, Serif"> held by Dutchess;&nbsp;&nbsp;(viii) </FONT>$50,000 of convertible debentures held by Azure Capital, LLC (of which Mr. Leighton, as Managing Partner, has sole voting power and dispositive control), convertible into 500,000 shares of our common stock; and (ix) 250,000 shares of our common stock <FONT STYLE="font-family: Times New Roman, Times, Serif">issuable to</FONT> Azure Capital, LLC <FONT STYLE="font-family: Times New Roman, Times, Serif">upon exercise of the $0.40 Warrants</FONT>.</FONT></TD>
    <TD STYLE="width: 2%; 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: 13.5pt; text-align: right; text-indent: -13.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(7)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Each of the convertible debentures and warrants to purchase shares of our common stock held of record and beneficially by Dutchess, Mr. Leighton and Mr. Novelli contain the 4.99% Blocker. As of the date noted above, inclusive of the 4.99% Blocker, Dutchess, Mr. Leighton and Mr. Novelli beneficially own 4.99%, 4.99% and 4.99%, respectively, of our issued and outstanding common stock.&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(8)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Michael Novelli&#8217;s address is as follows: c/o Dutchess Global LLC, 1110 Rt. 55, Suite 206, LaGrangeville, NY 12540.</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(9)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">The 7,930,469<FONT STYLE="font-family: Times New Roman, Times, Serif"> </FONT>shares of our common stock, aggregated without regard to the 4.99% Blocker, includes (i) $109,100 in convertible debentures held by Dutchess (which Mr. Douglas Leighton and Mr. Michael Novelli, as Managing Members, have shared voting power and dispositive control), convertible into 1,091,000 shares of our common stock; (ii) <FONT STYLE="font-family: Times New Roman, Times, Serif">2,963,659 shares of our common stock held by Dutchess issuable upon exercise of the $0.001 Consulting Warrants; (iii) (vi) 2,920,500 shares of our common stock issuable to Dutchess upon exercise of the $0.40 Warrants; (iv) </FONT>205,310 shares of our common stock<FONT STYLE="font-family: Times New Roman, Times, Serif"> held by Dutchess; (v) $50,000 in convertible debentures held by Dutchess Global Strategies Fund, LLC (which Mr. Novelli, as Managing Member, has sole voting power and dispositive control), convertible into 500,000 shares of our common stock; and (vi) 250,000 shares of our common stock issuable to Dutchess Global Strategies Fund, LLC upon exercise of the $0.40 Warrants. </FONT></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(10)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Dutchess&#8217; address is as follows:&nbsp;&nbsp;Dutchess Opportunity Fund, II, LP 50 Commonwealth Ave., Suite 2 Boston, MA 02116.</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(11)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Each of Mr. Michael Novielli and Mr. Douglas Leighton, as Managing Partners of Dutchess, has voting power and dispositive control over these shares. The 7,180,469 shares of common stock are aggregated without regard to the 4.99% Blocker and include (i) $109,100 in convertible debentures convertible into 1,091,000 shares of our common stock; (ii) 2,963,659 shares of our common stock issuable upon exercise of the $0.001 Consulting Warrants; and (iii) 2,920,500 shares of our common stock issuable upon exercise of the $0.40 Warrants, and (iv) 205,310 shares of our common stock.&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(12)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The 550,833 shares of common stock consists of (i) 250,000 shares common stock held by Denver Relief Consulting, which is controlled by Mr. Seeb, (ii) </FONT><FONT STYLE="font-size: 10pt">options held by Mr. Seeb to purchase 291,666 shares of our common stock which had vested on September 30, 2015 or were exercisable within 60 days of such date, (iii) 30,000 shares of&nbsp;&nbsp;common stock held by E-3 Events, which is controlled by Mr. Seeb, and (iv) 15,000 <FONT STYLE="font-family: Times New Roman, Times, Serif">shares of common stock issuable upon exercise of $1 warrants, also held by E-3 Events</FONT>. These amounts do not include the underlying shares related to options to purchase 458,334 shares of our common stock which had not yet vested on September 30, 2015, were not exercisable within 60 days of such date, and/or contained performance-based conditions.</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(13)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The 541,666 shares of common stock consists of (i) 250,000 shares common stock held by Dixie Holdings LLC, which is controlled by Mr. Keber, and (ii) </FONT><FONT STYLE="font-size: 10pt">options held by Mr. Keber to purchase 291,666 shares of our common stock which had vested on September 30, 2015 or were exercisable within 60 days of such date. These amounts do not include the underlying shares related to options to purchase 458,334 shares of our common stock held by Mr. Keber which had not yet vested on September 30, 2015, were not exercisable within 60 days of such date, and/or contained performance-based conditions.&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(14)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Ms. Fortier is the Company&#8217;s Director of Branding, a non-executive position for the purposes of Item 401 of Regulation S&#45;K, and, until June 2015, was the Company&#8217;s Chief Operations Officer. Her address is</FONT><FONT STYLE="font-size: 10pt">: c/o MassRoots, Inc., 1624 Market Street, Suite 201, Denver, CO 80202</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(15)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; text-indent: -0.9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The 359,163 shares of common stock consists of (i) 230,000 shares of common stock; (ii) 37,500 shares of common stock issuable upon exercise of the $0.40 Warrants; and (iii) options to purchase 91,663 shares of our common stock which had vested on September 30, 2015 or were exercisable within 60 days of such date.&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">These amounts do not include underlying shares related to options to purchase 8,337 shares of our common stock which had not yet vested on September 30, 2015, were not exercisable within 60 days of such date, and/or contained performance-based conditions.</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">DESCRIPTION OF SECURITIES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">We are offering up to <STRIKE>4,000,000</STRIKE><U>6,200,000</U>
shares of our Common Stock, together with of up to <STRIKE>4,000,000</STRIKE><U>6,200,000</U> Warrants to purchase shares of Common
Stock at a price equal to $[ ] per share for gross proceeds of up to $8,000,000, before deduction of offering expenses. The shares
of Common Stock and Warrants are immediately separable and will be issued separately. This prospectus also relates to the offering
of shares of our Common Stock issuable upon exercise, if any, of the Warrants.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt"><B><U>Common Stock: </U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt"><B>General</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">The following description of our common
stock is intended as a summary only and is qualified in its entirety by reference to our amended and restated certificate of incorporation
and bylaws, which are filed as exhibits to the registration statement of which this prospectus forms a part.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">Our authorized common stock consists
of 200,000,000 shares, par value $0.001 per share, of which 45,928,971 shares were issued and outstanding as of September 30, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt"><B>Voting Rights</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Each share of common stock entitles the holder
to one vote on all matters submitted to a vote of the stockholders. Except as otherwise required by Delaware law, the holders of
our common stock possess all voting power. Pursuant to Delaware law, directors of the Company are elected at the annual meeting
of the stockholders by a plurality of the votes cast at the election. According to our bylaws, in general, the affirmative vote
of a majority of the shares represented at a meeting and entitled to vote on any matter, is to be the act of our stockholders.
Our bylaws provide that a majority of the outstanding shares of the Company entitled to vote, represented in person or by proxy,
constitutes a quorum at a meeting of our stockholders. Our bylaws also provide that any action which may be taken at any annual
or special meeting of our stockholders may be taken without a meeting if a written memorandum, setting forth the action so taken,
is signed by all of the holders of outstanding shares of our common stock.</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 0 6pt"><B>Dividend Rights</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">The holders of our common stock are entitled
to receive dividends as may be declared by our Board of Directors out of funds legally available for dividends. Our board of directors
is not obligated to declare a dividend. Any future dividends will be subject to the discretion of our board of directors and will
depend upon, among other things, future earnings, the operating and financial condition of our company, its capital requirements,
general business conditions and other pertinent factors. We have not paid any dividends since our inception and we do not anticipate
that dividends will be paid in the foreseeable future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0"><B>Miscellaneous Rights and Provisions </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In the event of our liquidation, dissolution
or winding up, each share of our common stock is entitled to share ratably in any assets available for distribution to holders
of our common stock after satisfaction of all liabilities, subject to rights, if any, of the holders of any of our other securities.</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">Our common stock is not convertible or redeemable
and has no preemptive, subscription or conversion rights. There are no conversions, redemption, sinking fund or similar provisions
regarding our common stock.</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">Our common stock, after the fixed consideration
thereof has been paid or performed, are not subject to assessment, and the holders of our common stock are not individually liable
for the debts and liabilities of our company.</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">Our bylaws provide that our Directors may amend
our bylaws by a majority vote of Directors or a majority vote of our shareholders.</P>

<P STYLE="font: 10pt 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"><B><U>Warrants</U></B></P>

<P STYLE="font: 10pt 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"><I>The following summary of certain terms and
provisions of the Warrants offered hereby is not complete and is subject to, and qualified in its entirety by the provisions of
the form of the Warrant, which is filed as an exhibit to the Registration Statement of which this Prospectus is a part of. Prospective
investors should carefully review the terms and provisions set forth in the form of warrant.</I></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"><I>Exercise Price.&nbsp;</I>The exercise price
per share of Common Stock purchasable upon exercise of the Warrants is $[ ]. If we, at any time while the warrants are outstanding,
pay a stock dividend on our Common Stock or otherwise make a distribution on any class of capital stock that is payable in shares
of our Common Stock, subdivide outstanding shares of our Common Stock into a larger number of shares or combine the outstanding
shares of our Common Stock into a smaller number of shares, then, the number, class and type of shares available under the Warrants
and the exercise price will be correspondingly adjusted to give the holder of the Warrant, on exercise for the same aggregate exercise
price, the total number, class, and type of shares or other property as the holder would have</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">owned had the Warrant been exercised prior
to the event and had the holder continued to hold such shares until the event requiring adjustment.</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"><I>Exercisability</I>. Warrants may be exercised
beginning on the date of original issuance and at any time up to the date that is three years from the initial issuance date.</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"><I>Cashless Exercise</I>. The Warrants do not
contain a cashless exercise provision.</P>

<P STYLE="font: 10pt 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"><I>Exchange Listing</I>. We do not plan on
making an application to list the Warrants on the NASDAQ Capital Market, any national securities exchange or other nationally recognized
trading system.</P>

<P STYLE="font: 10pt 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"><I>Rights as a Stockholder</I>. Except by virtue
of such holder&#8217;s ownership of shares of our Common Stock, the holders of the Warrants do not have the rights or privileges
of holders of our Common Stock, including any voting rights, until they exercise their Warrants; provided, however, that if we
choose to engage in a rights offering or make a distribution of our assets to our common stockholders as a class, the holders of
the Warrants will have the right to participate in such distributions as if they had exercised the warrants.</P>

<P STYLE="font: 10pt 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"><I>Fundamental Transactions</I>. The Warrants
will survive an acquisition or similar fundamental change of control transaction. In addition, upon a change of control merger
or a non-surviving merger of the Company, the holders of the Warrants will have the right to require us or our successor to provide
such property or securities that the holder would have received by for the transaction occurring.</P>

<P STYLE="font: 10pt 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"><I>Limits on Exercise of Warrants</I>. The
holder will not have the right to exercise any portion of the Warrant if the holder, together with its affiliates, would beneficially
own in excess of 4.99% of the number of shares of our Common Stock (including securities convertible into Common Stock) outstanding
immediately after the exercise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Preferred Stock</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">As
of the date of this prospectus, no shares of preferred stock are outstanding. Pursuant to our Amended and Restated Certificate
of Incorporation, our Board has the authority, without further action by the stockholders, to issue from time to time up to 21
shares of preferred stock in one or more series. The only series which has been issued previously is Series A Preferred Stock,
none of which is currently outstanding as of the date of this registration statement, of which this prospectus is a part of. </FONT>Among
other rights and privileges, holders of Series A Preferred Stock are entitled to a cumulative dividend of 7% annually, preferential
payments over common stock in the case of liquidation, merger, and other events, and the ability to convert their Series A Preferred
Stock to common stock on a one to one basis (taking into account any unpaid dividends). This right to convert on a one to one basis
to common stock is unaffected by the Exchange. <FONT STYLE="font-family: Times New Roman, Times, Serif">Each share of </FONT>Series
A Preferred Stock <FONT STYLE="font-family: Times New Roman, Times, Serif">entitles the holder to cast the number of votes equal
to the number of whole shares of common stock into which the shares of Series A Preferred Stock held are convertible as of the
record date. The holders of record of the shares of Series A Preferred Stock, exclusively and as a separate class, shall be entitled
to elect 2 directors of the Company. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">We currently have no plans to issue any shares of preferred stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS
OF FINANCIAL CONDITION AND RESULTS OF OPERATION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><I>You should read the following discussion
of our financial condition and results of operations in conjunction with financial statements and notes thereto included elsewhere
in this prospectus. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs.
Our actual results could differ materially from those discussed in the forward-looking statements. Factors that could cause or
contribute to these differences include those discussed below and elsewhere in this prospectus, particularly in &#8220;Risk Factors&#8221;.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">MassRoots, Inc. was incorporated in
the state of Delaware on April 24, 2013, to be a mobile network for the cannabis community. We are a development-stage company
and have generated only minimal revenues from business operations. Our independent registered public accounting firm has issued
a going concern opinion. This means there is substantial doubt that we can continue as an on-going business unless we obtain additional
capital to pay our ongoing operational costs. Accordingly, we must locate sources of capital to pay our operational costs.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="width: 100%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify"><B>Discussion as of December 31, 2014:</B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our operational expenditures are primarily
related to development of the MassRoots platform, marketing costs associated with getting users to join our network and engage
with other users, and the costs of being a fully reporting company with the Securities and Exchange Commission. As of February
25, 2015, MassRoots has built a network of 325,000 users and facilitated 75 million Interactions. This growth has been aided by
the growing use of mobile applications and the popularity of the marijuana legalization movement among young adults, our primary
users.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Results Of Operations </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Since inception on April 24, 2013, and during
the year ended December 31, 2014, our business operations have been primarily focused developing our mobile applications, websites
and increasing our user base.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We have generated only minimal revenues from
our operations thus far.&nbsp; We cannot guarantee we will be successful in our business operations.&nbsp; Our business is subject
to risks inherent in the establishment of a new business enterprise, including the financial risks associated with the limited
capital resources currently available to us for the implementation of our business strategies.&nbsp; To become profitable and competitive,
we must develop the business plan and execute the plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the year ended December 31, 2014, we generated
$9,030 in advertising revenues, while we generated $470 in advertising revenues from April 24, 2013 (inception) through December
31, 2013. For the six months ended December 31, 2014, we generated $7,291 in advertising revenues, while we generated $1,739 in
advertising revenues from January 1 to June 30, 2014. This revenue was primarily generated from our Marijuana Tech Startup Weekend
we hosted in late September, 2014, an event designed to recruit development talent for the MassRoots team. These revenues are not
indicative of our future monetization strategy and will most likely decrease during the early part of 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the year ended December 31, 2014, we incurred
$1,615,563 in operating expenses, related principally to stock warrants issued for services and legal expenses. &nbsp;Excluding
expenses related to the stock warrants, common stock and stock options issued for services, our total operating expenses for the
year ended December 31, 2014 was $969,834. These expenses were primarily related to the continuous development of new features
for the MassRoots App, advertising to expand MassRoots&#8217; userbase during 2014 and costs related to filing our S-1 Registration
Statement with the Securities and Exchange Commission. Operating expenses for 2015 are likely to increase above 2014&#8217;s as
we continue to expand the MassRoots Team and invest significant resources in scaling our userbase.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">From April 23, 2013 (inception) through December
31, 2013, we incurred $919,593 in operating expenses.&nbsp; Expense related to equity awards (common stock and options) issued
for services by our executive officers was the largest category of expense, totaling $832,797.&nbsp; Excluding expenses related
to the equity grants, our total operating expenses cumulative since inception through December 31, 2014 was $86,796.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Product Trends and User Growth </I></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">MassRoots started 2014 with fewer than 20,000
users and as those people were mainly the early adopters, their usage patterns and feedback weren&#8217;t necessary indicative
of the larger market. We knew that if MassRoots was to continue to scale, we would need to adjust our branding and marketing strategy
to appeal to a wide variety of cannabis consumers and reach them in environments where our messaging would have the most impact.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the year, we utilized social networks,
such as Instagram to help expand our user base. We viewed this as a strong potential market for us to capture as these users were
already discussing cannabis in a social environment on a mobile application. MassRoots currently has one of the largest cannabis-related
followings on Instagram with 162,000 followers as of March 23, 2015 and we utilize the platform to highlight the best content from
our community as well as engaging in pro-legalization advocacy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">By April 2014, MassRoots had scaled to 100,000
users and continued to reinvest in our network. By late September 2014, MassRoots had scaled to over 170,000 users.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We designed our product in that way so a significant
portion of our users would immediately feel comfortable with the design and functionality of our app. We believe this serves as
a solid foundation from which we can develop additional features specifically for the cannabis community, such as giving users
the ability to tag the particular strain of cannabis they&#8217;re smoking. The MassRoots Android Application saw the greatest
improvement in user-experience and functionality over the course of 2014 and is now more advanced than our iOS Application in many
aspects, such as our new Discover page that gives users more effective ways to find the best content on our network.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Since MassRoots&#8217; inception, we have been
focused on building an active and engaged community on our platform, not generating revenue. When we reach a critical mass of users
and state regulations permit, we will begin pushing updates to our applications to facilitate order ahead, delivery, and in-app
purchase of ancillary products. When fully developed, we will be able to deploy these features to hundreds of thousands of users
simultaneously on a platform they&#8217;re already using for their marijuana-related activities. We do not believe we will have
the development resources to launch these features until late 2015 or early 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We formally launched MassRoots for Business,
a suite of tools and analytics to help businesses better engage with the MassRoots community, to Colorado businesses in March 2015.
We currently have over 50 dispensaries actively posting on our network and we are not charging dispensaries to create an account
and distribute content to their followers. We view this an opportunity to introduce MassRoots to the business community, build
a working relationship, and then push additional, paid features out over time such sponsored posts. Like our user-facing applications,
we believe the most important thing is get people using our products. Prospective businesses may request access at Business.MassRoots.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Throughout 2014, Colorado increasingly emerged
as the leading adult-use cannabis market with strong, effective regulations and a healthy business ecosystem. We believe that whatever
products and services are able to capture the Colorado market will export to the rest of the country as legalization spreads. Our
main focus in 2015 is to continue to capture market share of both users and dispensaries in Colorado and other areas.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We believe that MassRoots is the largest and
most active social network of cannabis consumers. Over the coming months, MassRoots plans to develop or review potential acquisitions
of leading software solutions for consumers, businesses and developers in the cannabis industry</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Liquidity And Capital Resources</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Fundraising</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 24, 2014, we completed the March 2014
Offering, where we offered $475,000 of our securities to certain accredited and non-accredited investors consisting of (i) $269,100
of principle face amount debentures convertible into shares of the Corporation&#8217;s common stock at $0.10 per share (the &#8220;Debentures&#8221;),
together with the warrants, exercisable into an amount of our common stock equal to fifty percent (50%) of the common stock underlying
the Debentures, at $0.40 per share; and (ii) 2,059,000 shares of our common stock at $0.10 per share, together with a warrant,
exercisable into an amount of our common stock equal to fifty percent (50%) of the Common Stock purchased, at $0.40 per share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">From September 15, 2014 to December 31, 2014,
we completed an offering of $524,000 of our securities to certain accredited and non-accredited investors consisting of 1,048,000
shares of our common stock at $0.50 per share, with a warrant, exercisable into an amount of our common stock equal to fifty percent
(50%) of the common stock purchased, at $1.00 per share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Cash on Hand </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our current cash on hand as of December 31,
2014 was $141,928. Our&nbsp;cash on hand as of December 31, 2013 was $80,479.&nbsp; The increase of cash on hand was primarily
due to further issuances of our common stock for cash, offset significantly by increases in our operating expenses due to becoming
a public company and continuing to expand MassRoots&#8217; payroll and advertising budgets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We currently have no external sources of liquidity
such as arrangements with credit institutions or off-balance sheet arrangements that will have or are reasonably likely to have
a current or future effect on our financial condition or immediate access to capital.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We are dependent on the sale of our securities
to fund our operations, and will remain so until we generate sufficient revenues to pay for our operating costs. Our officers and
directors have made no written commitments with respect to providing a source of liquidity in the form of cash advances, loans
and/or financial guarantees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If we are unable to raise the funds we will
seek alternative financing through means such as borrowings from institutions or private individuals. There can be no assurance
that we will be able to raise the capital we need for our operations from the sale of our securities. We have not located any sources
for these funds and may not be able to do so in the future. We expect that we will seek additional financing in the future. However,
we may not be able to obtain additional capital or generate sufficient revenues to fund our operations. If we are unsuccessful
at raising sufficient funds, for whatever reason, to fund our operations, we may be forced to cease operations. If we fail to raise
funds we expect that we will be required to seek protection from creditors under applicable bankruptcy laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our independent registered public accounting
firm has expressed doubt about our ability to continue as a going concern and believes that our ability is dependent on our ability
to implement our business plan, raise capital and generate revenues. See Note 6 of our financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Use of Cash</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We had&nbsp;net cash used in operations for
the year ended December 31, 2014 and from April 23, 2013 (inception) to December 31, 2013 of $922,955 and $85,052, respectively.&nbsp;For
the year ended December 31, 2014,&nbsp;net cash used was mainly attributed to our loss of $2,436,142&nbsp;offset by the cash provided
from&nbsp;stock warrants and stock options issued for services and changes in derivative liabilities. While from April 23, 2013
(inception) through December 31, 2013, the $85,052 cash used was attributed to loss for the period offset by cash provided by equity
issuances for services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We had net cash used in investing activities
for the year ended December 31, 2014 and April 23, 2013 (inception)&nbsp;thru December 31, 2013 of $14,667 and $1,522, respectively.&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We had&nbsp;net cash used in financing activity&nbsp;for
the year ended December 31, 2014 and April 23, 2013 (inception) through December 31, 2013 of $999,072 and $167,053, respectively.&nbsp;These
amounts were attributed to equity issuances throughout the&nbsp;periods.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Required Capital Over the Next Fiscal Year</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We believe we will have to raise an additional
$2.5 million to fund our operations through the end of the 2015 fiscal year, including roughly $250,000 to remain current in our
filings with the SEC. There can be no guarantee or assurances that we will be able to raise such capital and if we do, it will
likely dilute existing shareholders. We do not believe we will generate significant revenue until at least fiscal year 2016 and
there can be no assurances that we will be successful in our initiatives or reach profitability.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 100%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify"><B>Discussion as of March 31, 2015:</B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><BR>
MassRoots&#8217; primary objective for the first quarter of 2015 was getting our application back into App Store. On November 4,
2014, the App Store had removed MassRoots from sale and created a rule that all social cannabis applications were prohibited. This
greatly limited MassRoots&#8217; growth as our network was only available on Android, web and mobile web platforms. On January
5, 2015, we launched several posts on MassRoots, Instagram, Twitter and Facebook encouraging our users and followers to send personal
emails to the App Store on why they love our application. Within a week, over 10,000 cannabis enthusiasts had sent personal emails
to Apple demanding MassRoots return to the App Store.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">We then shifted our focus to uniting
the cannabis business community against Apple&#8217;s policy. MassRoots drafted a letter with the ArcView Group and National Cannabis
Industry Association stating the App Store was,&nbsp;&#8220;limit[ing] consumer choice to dispensary locators and strain guides,
preventing the innovation that the App Store has spawned for countless other industries. In the cannabis sector, these innovations
will allow patients to more effectively communicate, to have their medicine delivered directly to their homes, and will allow the
industry to operate in a safer and more efficient manner.&#8221; Dozens of dispensaries, cannabis investment firms and fellow technology
companies joined as signatories and in mid-January, the letter was mailed to Apple&#8217;s leadership.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Once it was clear that we had the support
of cannabis consumers and business community, we began to tell our story to the press. In late January, MassRoots&#8217; App Store
campaign made the front page of the Denver Post and Buzzfeed.com, galvanizing even more support for our cause. In mid-February,
Apple reformed their social cannabis application policies and MassRoots returned to the App Store with no conceptual changes. The
App Store only mandated that a hard geo-fence be implemented on MassRoots: all users must give the app permission to access their
location from their cell phone carrier and if they are not located in the 23 states with medical cannabis laws, they are prohibited
from accessing MassRoots.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Once MassRoots returned to the App Store,
we immediately shifted our focus back to rapidly scaling our network. MassRoots started the first quarter with a little over 200,000
registered users; by late March, 2015 that amount had grown to 325,000 registered users or an increase of 37.5% for the quarter,
despite the fact that MassRoots was unavailable in the App Store from November&nbsp;4, 2014 to February 14, 2015. MassRoots expects
to cross 500,000 users during third quarter of 2015 and 1,000,000 users during first quarter of 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">We launched MassRoots for Business in
early March 2015 as a free online portal for dispensaries to schedule posts, view analytics and gain insights into their followers.
Over 100 dispensaries and cannabis brands were using MassRoots for Business by March 31, 2015. Over the coming months, we will
expand its functionality to allow businesses to sponsor posts in our users&#8217; newsfeeds and begin to monetize our network.
We believe we will have 1,000 dispensaries using MassRoots for Business and begin to receive revenue during the second half of
a 2015. We plan to have a 20% paid conversion rate during third quarter of 2015 and 2,500 dispensaries with a 40% paid conversion
rate during first quarter of 2016. We define paid conversion rate as the percent of dispensaries who are paying MassRoots cash
for value or services we provide to them.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">During the first quarter of 2015, MassRoots
raised $342,000 at $0.50 per share in a private offering with each share including a warrant for one-half share of common stock
at $1.00 per share. We also engaged Chardan Capital, as a placement agent for a private placement at $0.60 per share that occurred
during the second quarter of 2015 and has since terminated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">MassRoots focused on building our development
team during first quarter of 2015. In March, MassRoots hired Alan Janis as our Director of Technology, who was previously a cloud
infrastructure engineer at Photobucket and Yahoo. We also extended employment offers to Vixay Sysouthavongsa as our UI/UX Director,
Thomas Gibbs as our Lead Mobile Developer and Adam Cooper as our lead iOS Developer. We expect to continue expanding our development
team during the second quarter 2015. We believe that by hiring the most talented engineers we can find, MassRoots will develop
the best products and services for consumers and businesses in the cannabis industry.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">MassRoots&#8217; primary goals for 2015
are building out features and services that attract new users and increase their engagement while, at the same time, significantly
investing in the growth and infrastructure of our network. Our lack of profitability today is part of a deliberate strategy of
prioritizing our limited resources on what will deliver the</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">greatest long-term value for our shareholders:
a growing and thriving user-base of end cannabis consumers. In order to build that user-base, our developers must focus on creating
the best user experience, our marketing staff must be focused on acquiring end-cannabis consumers and our leadership team needs
to focus on the requisite strategies to reach a critical mass of users; once that has been accomplished, we can start focusing
on developing, marketing and growing an advertising platform that will connect cannabis-related businesses to end cannabis consumers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Over the coming months, MassRoots plans
to develop, partner with, or acquire leading software solutions for consumers, businesses and developers in the cannabis industry.
By doing so, we are seeking to create a valuable distribution channel for cannabis and its ancillary products.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B><U>Results of Operations</U></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><B>For the three-months ended </B></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR>
    <TD NOWRAP STYLE="width: 32%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><B>March 31, 2015</B></TD>
    <TD NOWRAP STYLE="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><B>March 31, 2014</B></TD>
    <TD NOWRAP STYLE="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><B>$ Change</B></TD>
    <TD NOWRAP STYLE="width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><B>% Change</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #DAEEF3">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #DAEEF3">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Gross profit</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">$241</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">$305</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">$(64)</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">-21.0%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #DAEEF3">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">General and administrative expenses</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">565,051</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">681,507</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">(116,456)</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">-17.1%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #DAEEF3">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Loss from Operations</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">(564,810)</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">(681,202)</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">116,392</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">-17.1%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #DAEEF3">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Other Income /(Expense)</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">14,301</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">(1,263)</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">15,564</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">-1232.3%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #DAEEF3">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Net Loss</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">($550,509)</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">($682,465)</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">$131,956</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">($0)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #DAEEF3">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Net loss per share - basic and diluted</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">($0.01)</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">N/A</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">N/A</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">N/A</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><BR>
<B>Revenue</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Since inception on April 24, 2013, our
business operations have been primarily focused developing our mobile applications, websites and increasing our user base.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">We have generated only minimal revenues
from our operations thus far. We cannot guarantee we will be successful in our business operations. Our business is subject to
risks inherent in the establishment of a new business enterprise, including the financial risks associated with the limited capital
resources currently available to us for the implementation of our business strategies. To become profitable and competitive, we
must develop the business plan and execute the plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">We are unable to provide a timeline
for the generation of revenues which casts substantial doubt on the viability of our business and our ability to continue as a
going concern.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">For the three months ended March 31,
2015 and March 31, 2014, we generated revenues of $941 and $995, respectively, from our business operations. These revenues were
primarily from merchandise purchased through Store.MassRoots.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><U>Cost and Expenses</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Operating expenses decreased from $681,507
for the three months ended March 31, 2014 to $565,051 for the three months ended March 31, 2015. The $116,456 decrease is partially
attributed to a $391,045 reductions in equity issuances for services during the three months ended March 31, 2015 versus the three
months ended March 31, 2014; this was offset by increases in payroll expenses for the three months ended March 31, 2015, $130,022
versus the three months March 31, 2014 as the company increased its headcount due to increase in operational activities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">During the first quarter of 2015, we
issued $113,712 worth of common stock in exchange for services rendered to the Company, as compared to $0 worth of common stock
issued during the first quarter of 2014. These issuances</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">were comprised of 200,000 shares to
Chardan Capital for a retainer in an investment banking relationship and 230,000 shares to five employees and consultants under
our 2014 Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">During the first quarter of 2015, we
incurred $53,589 in advertising expenses, as compared to $30,504 during the first quarter of 2014. The increase was primarily driven
by an increase in conference and event-related sponsorships and advertising through Instagram and Twitter accounts with large followings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">During the first quarter of 2015, we
incurred $65,989 in independent contractor expenses, as compared to $22,067 during the first quarter of 2014. These expenditures
were primarily related to the development of our mobile apps and during the first quarter ended March 31, 2015, we spent $47,960
through TopTal, an outsourced development service. In late March, we recruited in-house developers to replace these independent
contractors and we expect independent contractor-related expenditures will decrease in coming quarters as payroll expense increase.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">During the first quarter of 2015, we
incurred $162,930 in payroll expenses, as compared to $32,908 during the first quarter of 2014. These increases were primarily
related caused by an increase in employees from four during the first quarter of 2014 to 16 during the first quarter of 2015. In
March, we began building out an in-house development team which we expect to increase payroll-related expenditures in coming quarters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">During the first quarter of 2015, we
incurred $47,009 in expenses related to the issuance of options, as compared to $0 during the first quarter of 2014. We issued
1,065,000 options to 21 employees and consultants at $0.50 per share under our 2014 Employee Stock Option Program.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">During the first quarter of 2015, we
incurred $100,968 in other general and administrative expenses, as compared to $30,997 during the first quarter of 2014. These
expenses were primarily comprised of $25,931 in accounting and consulting-related expenditures, including our annual audit, $27,390
in Dues and Subscriptions, including our OTCQB and DTC application fees and a $10,000 donation to the National Cannabis Industry
Association, $11,521 in server hosting fees, and $20,168 in travel-related expenditures.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><U>Other Income (Expense)</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The Company realized a gain related
to the fair value mark to market adjustments of its derivative liabilities of $42,737 for the three months ended March 31, 2015
versus $0 for the three months ended March 31, 2014. These derivative liabilities were determined as of December 31, 2014. This
gain was offset by an increase in amortization of discount on notes payable for the three months ended March 31, 2015 of $26,146
versus $1,263 for the three months ended March 31, 2014. Interest expense related to the derivatives was $2,290 for the three months
ended March 31, 2015 versus $0 for the three months ended March&nbsp;31, 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">For the three months ended March 31
2015 and March 31, 2014, we had net losses of $550,509 and $682,465, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>Liquidity and Capital Resources</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">For the three months ended March 31, 2015 and 2014, our cash flows were:</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B>Three months ended</B></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B>March 31,</B></TD></TR>
<TR>
    <TD NOWRAP STYLE="width: 72%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 15%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><B>2015</B></TD>
    <TD NOWRAP STYLE="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><B>2014</B></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Unaudited)</TD></TR>
<TR STYLE="background-color: #DAEEF3">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><B>Net cash provided by operating activities</B></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">($409,141)</TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">($122,571)</TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><B>Net cash used in investing activities</B></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">($9,896)</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">($6,231)</TD></TR>
<TR STYLE="background-color: #DAEEF3">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><B>Net cash provided by financing activities</B></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">$332,000 </TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">$375,200 </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><BR>
Net cash used in operations during the three months ended March 31, 2015 and March 31, 2014 was $409,141 and $122,571, respectively.&nbsp;During
the three months ended March 31, 2015,&nbsp;net cash used of $409,141 was attributed to the cash used from the loss for the three
month period and also increases in other receivables, prepaid expense,</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">deposits and inputted interest expense,
while being offset by cash provided from equity issuances for services, amortization of discount on notes payable and an increase
in accounts payable and accrued expenses. For the three months ended March 31, 2014, net cash used of $122,571 was attributed to
cash used from the loss for the period which was offset by cash provided by equity issuances and an increase in accounts payable
and accrued expenses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Net cash used in investing activities
was $9,896 and $6,231 for the three months ended March 31, 2015 and March 31, 2014, respectively. These were mainly attributed
to the purchase of equipment, primarily computers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Net cash provided by financing activities&nbsp;for
the three months ended March 31, 2015 and March 31, 2014 was $332,000 and $375,200, respectively.&nbsp;These amounts were attributed
to equity issuances throughout the&nbsp;periods.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B><I>Capital Resources</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Our current cash on hand as of March
31, 2015 was $54,891, which will be used to meet our operational expenditures for one month. Subsequent to the close of the quarter,
we closed a $576,200 private offering and have received $115,000 in proceeds from warrant exercises</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">We currently have no external sources
of liquidity such as arrangements with credit institutions or off-balance sheet arrangements that will have or are reasonably likely
to have a current or future effect on our financial condition or immediate access to capital. We are dependent on the sale of our
securities to fund our operations, and will remain so until we generate sufficient revenues to pay for our operating costs. Our
officers and directors have made no written commitments with respect to providing a source of liquidity in the form of cash advances,
loans and/or financial guarantees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><I>Fundraising </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">During the first quarter of 2015, MassRoots
sold 684,000 shares of unregistered common stock for $342,000. For every two shares purchased in the round, a warrant to purchase
one share of common stock at $1.00 per share was included (684,000 total warrants at $1.00 per share). This round was closed on
March 11, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><I>Required Capital Over the Next Fiscal
Year</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">We expect MassRoots will able to raise
up to $2.8 million over the next fiscal year if warrant holders choose to exercise their warrants. However, there is no guarantee
that any warrant holder will in fact exercise such warrants. As of March 31, 2015, there were 4,750,000 warrants exercisable at
$0.40 per share that if executed, will inject approximately $1.9 million into the Company; there are also 866,000 warrants exercisable
at $1.00 per share that if executed, will inject $866,000 into the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">We believe MassRoots will require $2.5
million to sustain operations over the next fiscal year and that we will be able to raise those funds primarily through warrant
exercises.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">If we are unable to raise the funds
we will seek alternative financing through means such as borrowings from institutions or private individuals. There can be no assurance
that we will be able to raise the capital we need for our operations from the sale of our securities. We have not located any sources
for these funds and may not be able to do so in the future. We expect that we will seek additional financing in the future. However,
we may not be able to obtain additional capital or generate sufficient revenues to fund our operations. If we are unsuccessful
at raising sufficient funds, for whatever reason, to fund our operations, we may be forced to cease operations. If we fail to raise
funds we expect that we will be required to seek protection from creditors under applicable bankruptcy laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Our independent registered public accounting
firm has expressed doubt about our ability to continue as a going concern and believes that our ability is dependent on our ability
to implement our business plan, raise capital and generate revenues. See Note 10 of our financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>Off-Balance Sheet Arrangements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">We do not have any off-balance sheet
arrangements.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 100%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify"><B>Discussion as of June 30, 2015:</B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt 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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the second quarter of 2015, MassRoots
expanded its userbase by 45%, from approximately 275,000 to 400,000 cannabis consumers. We believe MassRoots&#8217; userbase has
hit critical mass during the second quarter of 2015. Our growth was primarily driven by MassRoots&#8217; increasing popularity
as one of the first national cannabis brands and word of mouth virility from our users. Based on our current projections, we expect
MassRoots to cross 1 million Users in late 2015 or early 2016.</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">During June 2015, MassRoots generated 100 million
&#8220;newsfeed impressions&#8221;, defined as a User viewing a post on MassRoots&#8217; local, global or buds feeds.</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">We believe MassRoots has the largest social
following of any marijuana-related App. During the second quarter of 2015, MassRoots expanded its Instagram from 168,000 to 220,000
followers, its Twitter following from 86,000 to 102,000 followers, and its Facebook from 37,000 to 109,000 followers. In mid-June
2015, MassRoots became one of the first cannabis brands to be verified by Twitter. MassRoots&#8217; large social followings is
a major driver of new users, re-engaging existing users and allows us to broadcast our message beyond our current existing userbase.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Business Model and MassRoots for Business</I></P>

<P STYLE="font: 10pt 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">We launched MassRoots for Business in early
March 2015 as a free online portal for dispensaries to schedule posts, view analytics and gain insights into their followers. Over
1,000 cannabis businesses were utilizing MassRoots for Business as of June 30, 2015, including 46% of the dispensaries in Colorado
and 85% of dispensary chains with more than four stores.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #9BBB59">
    <TD COLSPAN="3" STYLE="border-top: white 1pt solid; border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: white 3pt solid; padding: 0.05in 0.1in; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>MassRoots for Business &#8211; Expected Premium Business Memberships</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(Rollout Planned in Q3 2015)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #9BBB59">
    <TD STYLE="width: 18%; border-left: white 1pt solid; padding: 0.05in 0.1in; border-bottom: white 3pt solid; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Premium Upgrade</B></FONT></TD>
    <TD STYLE="width: 21%; border-bottom: white 3pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Cost</B></FONT></TD>
    <TD STYLE="width: 61%; border-bottom: white 3pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Benefits</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #DEE7D1">
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding: 0.05in 0.1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Premium Profiles</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$49/Month</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.4pt; text-align: justify; text-indent: -0.25in">&#8226; MassRoots
        Verified Badge</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.4pt; text-align: justify; text-indent: -0.25in">&#8226; Enhanced
        Profile Access</P></TD></TR>
<TR STYLE="vertical-align: top; background-color: #EFF3EA">
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding: 0.05in 0.1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Data Access</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$149/Month</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.4pt; text-align: justify; text-indent: -0.25in">&#8226; Detailed
        Geo-Based Analytics</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.4pt; text-align: justify; text-indent: -0.25in">&#8226; Area
        Activity Heat Maps</P></TD></TR>
<TR STYLE="vertical-align: top; background-color: #DEE7D1">
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding: 0.05in 0.1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Market Insights</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$349/Month</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.4pt; text-align: justify; text-indent: -0.25in">&#8226; Insight
        on Trending Strains, Products, Services, and Hashtags</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.4pt; text-align: justify; text-indent: -0.25in">&#8226; Area
        Reach and Exposure Data</P></TD></TR>
<TR STYLE="vertical-align: top; background-color: #EAF1DD">
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding: 0.05in 0.1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Sponsored Posts</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$20/CPM</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in 0.05in 16.4pt; border-right: white 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#8226; Targeted, Enhanced Exposure Posts</FONT></TD></TR>
</TABLE>
<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">During the third quarter of 2015, we expect
to begin to extend MassRoots for Business&#8217; functionality to allow dispensaries and cannabis-related businesses to upgrade
to premium business profiles, access market data, and to gain premium placement in search results for a monthly fee, as outlined
above. Additionally, we plan to allow businesses to sponsor posts in users&#8217; newsfeeds, similar to Facebook and Twitter, and
expect to be able to charge roughly $20 per thousand impressions for targeted sponsored posts.</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">We are not re-creating the wheel with our revenue
model: this is already the model WeedMaps and Leafly have used to generate $25 million in annual revenue and $1 million estimated
per month revenue, respectively, from cannabis-related technology businesses. As more fully explained in the &#8220;<I>Competition</I>,&#8221;
section below, we believe that a social network offers a superior value proposition than a strain guide and dispensary locator,
as social networks have greater recurring usage.</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">We expect to begin to generate and continue
to grow revenues throughout the remainder of the year. Our current monthly burn on Company operations is approximately $250,000
and will not need to significantly scale as we start generating revenue &#8211;the main cost of generating revenue is the development
of our self-service business portal, which we have been devoting resources to for several months. The system is designed in such
a way that clients can set-up, manage and analyze their own campaigns and have access to certain data based on their subscription;
the</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">fulfillment of these services is automated
in the backend of MassRoots, requiring little marginal manpower as we add additional clients.</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">Our intention is to prove MassRoots&#8217;
business model in 2015 and 2016 while the cannabis industry is still relatively small &#8211; of the 23 states with medical cannabis
laws, only 4 states have active dispensary systems with wide enough set of conditions to allow a significant portion of the population
to purchase cannabis (Colorado, California, Arizona and Washington). We believe the vast majority of the revenue we generate in
2015 and 2016 will come from businesses in these states. The 2016 election cycle has the potential to drastically expand the regulated
cannabis market &#8211; at least 7 states are expected to have some form of cannabis legalization on the ballot that could cause
the cannabis industry to grow to $10.2 billion if these initiatives become law, according to ArcView Market Research.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><BR>
MassRoots&#8217; business model is designed to scale as marijuana legalization continues to spread: every state that legalizes
the medicinal or adult-use of cannabis expands the number of licensed businesses in the industry, increasing our potential revenue.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>On Competitive Advantage and Network Effects</I></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">We believe network effects serve as the most
powerful form of competitive advantage for all consumer-facing social networks, including MassRoots. Once a person and their friends
join a social network, it is unlikely they switch their active usage to another social network in the same category. In 2011, Google+
launched to much fanfare as the, &#8220;Facebook Killer,&#8221; with the resources of Google at its disposal: billions of dollars
in launch and advertising costs, immediate integration with the largest search engine in the world, and the use of the Google brand.
However, it failed to gain traction because Facebook already dominated desktop-based social networking.</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">Similarly, Facebook launched Poke in 2013 to
take out Snapchat. Poke had much more functionality and worked better than Snapchat, it was immediately pushed to millions of Facebook
users and it had the backing of Facebook&#8217;s billions of dollars in assets at its disposal. However, even this failed to make
a dent in Snapchat&#8217;s market share and Poke was scrapped shortly after.</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">We believe MassRoots&#8217; userbase is at
the size at which it will be extremely difficult for any potential competitor to enter the social networking for cannabis consumers
space, a market that MassRoots created. When Apple banned all social cannabis applications from the App Store last fall, it was
MassRoots&#8217; userbase and network that successfully fought to have the policy overturned.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Product Development</I></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: center; text-indent: 0.5in">&nbsp;<IMG SRC="image_007.jpg" ALT="http:||www.sec.gov|Archives|edgar|data|1589149|000072174815000549|image_007.jpg" STYLE="height: 386px; width: 297px"></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: center"><I>Examples of the current user interface of
our iOS application.<BR>
<BR>
</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the second quarter of 2015, MassRoots
introduced a new user-interface aimed at expanding its appeal beyond the &#8220;stoner&#8221; demographic into a more mainstream
audience. We also introduced new Discover page interface, allowing users to more easily find the best content, connect with top
influencers and find trending topics and strains.</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">Over the coming months, MassRoots plans to
introduce premium business profiles, new user discovery features aimed at the &#8220;Cannabis Relationship&#8221; market, sponsored
posts, and a revised business portal to implement the feedback we received from businesses during beta testing. Additionally, we
are reviewing the implementation of a new web interface aimed at opening up MassRoots&#8217; content to search engines, which we
believe could draw hundreds of thousands of unique visitors per month, accelerating our user growth and adverting inventory.</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"><I>Market Share</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">MassRoots&#8217; primary objective during 2015
is rapidly expanding its market share of consumers and businesses in the cannabis industry. As of June 30, 2015, MassRoots had
400,000 users of an estimated 10 million Americans who consume cannabis on a regular basis and actively engage on social media,
which we have defined as our target market. We have approximately 1,000 of the estimated 15,000 cannabis-related businesses in
America actively posting on a weekly basis on our network, including approximately 46% of the dispensaries in Colorado.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>420 Rally</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 17 and 18, 2015, MassRoots was the
national sponsor of the 420 Rally in Civic Center Park in Denver, CO a free music and cultural festival that drew an estimated
125,000 cannabis enthusiasts according to the Denver Post. MassRoots was the official social media application of the event, had
the largest on-site presence, and our logo was included on all event collateral. CNN broadcast live from our tent on April 18.
In order to discourage smoking and driving, MassRoots partnered with Uber to provide a free ride up to $20 for first time riders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The 420 Rally primarily attracts local Denver
residents, as opposed to tourists. Denver-based dispensaries and cannabis brands are primarily interested in advertising to locals,
as they have the potential to become recurring customers. MassRoots' sponsorship of the 420 Rally significantly increased app usage
and awareness of our brand in the Denver metro area among both cannabis consumers and dispensaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Investment in Flowhub</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><IMG SRC="image_008.jpg" ALT="http:||www.sec.gov|Archives|edgar|data|1589149|000072174815000549|image_004.jpg" STYLE="height: 516px; width: 508px"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>Our proposed partnership plan with Flowhub
(as defined below). </I></P>

<P STYLE="font: 10pt 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">During the second quarter of 2015, MassRoots
invested $175,000 in exchange for preferred shares of Flowhub LLC (&#8220;Flowhub&#8221;), a seed-to-sale system, equal to 8.95%
of the outstanding equity of Flowhub. MassRoots and Flowhub are finalizing a partnership that will combine the data from cannabis
grow operations, point-of-sale systems and the MassRoots social network in one platform, data that we believe will allow cannabis
dispensaries and growers to streamline operations and monitor consumer trends, potentially increasing profits. MassRoots and Flowhub
are working to partially combine their systems, giving MassRoots' users access to live pricing, inventory, and an order ahead system
of dispensaries. At the same time, Flowhub will be streamlining dispensaries' operations and enabling them to target ads to specific
customers based on purchasing patterns and social activity. No assurance can be given that MassRoots and Flowhub will consummate
a partnership or, if such a partnership is in fact consummated, that the terms and conditions will be favorable to MassRoots.</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"><I>Competition </I></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">We do not believe we face any significant competition
in the social network for the cannabis community niche; however, over the coming months, we expect to actively compete with dispensary
locators and strain guides, such as WeedMaps and Leafly, for dispensaries' advertising budgets.</P>


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<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">Over the coming months, MassRoots plans to
implement many of the utilities WeedMaps and Leafly offer as added-in features of our community. We believe that while you can
replicate a map and duplicate a strain database, you cannot replicate relationships and you cannot duplicate a community. As with
any social application, recurring engagement and network effects are MassRoots' primary competitive advantage.</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">Over the coming months, MassRoots plans to
develop, partner with, or acquire the leading software solutions for consumers, businesses and developers in the cannabis industry.</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>Results of Operations</B></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>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="15" STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>For the Three - Months Ended</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>June 30, 2015</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>June 30, 2014</B></FONT></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">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(Unaudited)</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(Unaudited)</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>$ Change</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>% Change</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 0.75pt">&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: white">
    <TD STYLE="width: 44%; padding-left: 0.75pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Gross profit</FONT></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="width: 10%; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2,126</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="width: 10%; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">744</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="width: 10%; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1,382</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">185.8</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 0.75pt">&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: white">
    <TD STYLE="padding-left: 0.75pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">General and administrative expenses</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1,493,131</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">301,877</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1,191,254</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">394.6</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 0.75pt">&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: white">
    <TD STYLE="padding-left: 0.75pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Loss from operations</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(1,491,005</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(301,133</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(1,189,872</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">395.1</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 0.75pt">&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: white">
    <TD STYLE="padding-left: 0.75pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Other Income (Expense)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(26,292</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(16,418</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(9,874</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">60.1</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 0.75pt">&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: white">
    <TD STYLE="padding-left: 0.75pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Net Loss</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(1,517,297</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(317,551</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(1,199,746</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">377.8</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 0.75pt">&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: white">
    <TD STYLE="padding-left: 0.75pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Net loss per share - basic and diluted</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(0.03</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">N/A</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">N/A</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">N/A</FONT></TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<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">&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>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="15" STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>For the Six - Months Ended</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>June 30, 2015</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>June 30, 2014</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(Unaudited)</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(Unaudited)</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>$ Change</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>% Change</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 0.75pt">&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: white">
    <TD STYLE="width: 44%; padding-left: 0.75pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Gross profit</FONT></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="width: 10%; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3,066</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="width: 10%; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1,049</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="width: 10%; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2,017</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">192.3</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 0.75pt">&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: white">
    <TD STYLE="padding-left: 0.75pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">General and administrative expenses</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2,058,883</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">983,384</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1,075,499</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">109.4</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 0.75pt">&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: white">
    <TD STYLE="padding-left: 0.75pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Loss from operations</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(2,055,817</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(982,335</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(1,073,482</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">109.3</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 0.75pt">&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: white">
    <TD STYLE="padding-left: 0.75pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Other Income (Expense)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(11,991</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(17,681</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5,690</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-32.2</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 0.75pt">&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: white">
    <TD STYLE="padding-left: 0.75pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Net Loss</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(2,067,808</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(1,000,016</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(1,067,792</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">106.8</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 0.75pt">&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: white">
    <TD STYLE="padding-left: 0.75pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Net loss per share - basic and diluted</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(0.05</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">N/A</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">N/A</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">N/A</FONT></TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<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"><I>Revenues</I></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">Since inception on April 24, 2013, our business
operations have been primarily focused developing our mobile applications, websites and increasing our user base.</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">We have generated only minimal revenues from
our operations thus far. We cannot guarantee we will be successful in our business operations. Our business is subject to risks
inherent in the establishment of a new business enterprise, including the financial risks associated with the limited capital resources
currently available to us for the implementation of our business strategies.</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">For the three months ended June 30, 2015 and
June 30, 2014, we generated revenues of $2,126 and $744, respectively, while revenues for the six months ended June 30, 2015 and
June 30, 2014 were $3,066 and $1,739, respectively. These revenues were primarily from merchandise purchased through Store.MassRoots.com.</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"><I>Cost and Expenses</I></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">For the three months ended June 30, 2015 and
June 30, 2014, our operating expenses were $1,493,131 and $301,877 respectively. This $1,191,254 increase is attributed mainly
to an increase of $531,554 in equity issuances for services, an increase of $305,358 in payroll as the company brought on additional
developers to accelerate its product pipeline, a $158,404 increase in advertising which was primarily driven by the costs of sponsoring
the 420 Rally and attending conferences, In addition, we experienced an increase of $208,331 in travel, accounting and</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">consulting and other general administrative
expenses primarily related to non-deal roadshows, investor conferences, and other expenses related to creating a market for our
common stock.</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">For the six months ended June 30, 2015 and
June 30, 2014, our operating expenses were $2,058,883 and $983,384 respectively. This $1,075,499 increase is attributed mainly
to $140,509 in equity issuances for services, an increase of $453,380 in payroll as the company brought on additional developers
to accelerate its product pipeline, a $182,189 increase in advertising which was primarily driven by the costs of sponsoring the
420 Rally and attending conferences. In addition, we experienced an increase of $278,303 in travel, accounting and consulting and
other general administrative expenses related to non-deal roadshows, investor conferences, and other expenses related to creating
a market for our common stock.</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">Several of the expenses made during the six
months ended June 30, 2015 were one-time expenses: a $30,000 deposit for our office, $25,000 in DTC Application and OTCQB certification
fees, roughly $75,000 in costs related to the 420 Rally, $35,000 in new office equipment and computers for our development team,
and a $175,000 investment in Flowhub. We determined these investments were necessary to expand MassRoots&#8217; functionality,
recruit the best technical talent, and capture the local Denver market.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Other Income (Expense)</I></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">For the three months ended June 30, 2015 and
June 30, 2014, the Company realized no gain or loss related to the fair value mark to market adjustments of its derivative liabilities.
For the six months ended June 30, 2015 and June 30, 2014 the company realized a gain related to the fair value of mark to market
adjustments of its derivative liabilities of $42,737 and $0, respectively. These derivative liabilities were determined as of December
31, 2014. For the six months ended June 30, 2015 and June 30, 2014 the company recorded amortization of discount on notes payable
of $50,347 and $17,681, respectively. Interest expense related to the derivatives was $2,091 and $0 for the three months ended
June 30, 2015 and June 30, 2014, respectively, while incurring interest expense related to derivatives for $4,381 and $0 for the
six months ended June 30, 2015 and June 30, 2014, respectively.</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">For the three months ended June 30, 2015 and
June 30, 2014, we had net losses of $1,517,297 and $317,551, respectively. For the six months ended June 30, 2015 and June 30,
2014 - we had losses of $2,067,808 and $1,000,016, respectively.</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>Liquidity and Capital Resources</B></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">For the six months ended June 30, 2015 and
2014, our cash flows were:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="7" STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Six months ended</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="7" STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>June 30,</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>2015</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>2014</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(Unaudited)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <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></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 65%; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Net cash provided by operating activities</FONT></TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="width: 11%; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(1,352,043</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">)</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="width: 11%; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(416,098</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Net cash used in investing activities</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(213,158</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(6,512</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Net cash provided by financing activities</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1,594,636</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">475,000</FONT></TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<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">Net cash used in operations during the six
months ended June 30, 2015 and June 30, 2014 was $1,352,043 and $416,098, respectively.&nbsp;For the six months ended June 30,
2015,&nbsp;net cash used of $1,352,043 was attributed to loss for the six month period, which was offset by increases from equity
issuances for services as well as an increase in derivative liabilities and also increase in accounts payable. For the six months
ended June 30, 2014, net cash used of $416,098 was attributed mainly to the loss for the period, offset by equity issuances for
services rendered.</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">Net cash used in investing activities was $213,158
and $6,512 for the six months ended June 30, 2015 and June 30, 2014, respectively. The increase was primarily related to our $175,000
investment in Flowhub, a seed-to-sale system.</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">Net cash provided by financing activities&nbsp;for
the six months ended June 30, 2015 and June 30, 2014 was $1,594,636 and $475,000, respectively.&nbsp;These amounts were attributed
to equity issuances throughout the&nbsp;periods.&nbsp;</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"><I>Capital Resources</I></P>


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<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">Our current cash on hand as of June 30, 2015
was $171,363, which will be used to meet our operational expenditures for one month. Subsequent to the close of the quarter, we
closed our private offering and received $75,000 that was booked as subscription receivable.</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">We currently have no external sources of liquidity
such as arrangements with credit institutions or off-balance sheet arrangements that will have or are reasonably likely to have
a current or future effect on our financial condition or immediate access to capital.</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">We are dependent on the sale of our securities
to fund our operations, and will remain so until we generate sufficient revenues to pay for our operating costs. Our officers and
directors have made no written commitments with respect to providing a source of liquidity in the form of cash advances, loans
and/or financial guarantees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Fundraising </I></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">During the second quarter of 2015, MassRoots
conducted two private placements of its common stock. Beginning on April 1, 2015, MassRoots completed a private placement of 960,933
shares of unregistered common stock gross proceeds of $576,200 to certain accredited investors. This round was closed on April
17, 2015.</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">Beginning on June 10, 2015, MassRoots sold
606,669 shares of unregistered common stock for gross proceeds of $455,000, of which $380,000 was received by June 30, 2015. Subsequent
to the close of the quarter, MassRoots sold an additional 834,004 shares of unregistered common stock for $610,502. This round
was closed on July 13, 2015. As of July 21, 2015, all $1,065,502 had been received.</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">Over the course of the second quarter, 750,000
of warrants previously issued as part of our offering in March 2014 were exercised at an exercise price of $0.40 for proceeds of
$300,000, of which $295,000 was received during the second quarter of 2015 and the remaining $5,000 was received during the third
quarter. We also received $936 for the exercise of 936,341 of our par warrants.</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"><I>Required Capital Over the Next Fiscal Year</I></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">We believe MassRoots will need to raise an
additional $1.5 million over the next fiscal year to sustain operations; however, we expect to be able to raise the majority of
these funds through warrant exercises. As of June 30, 2015, there were 4,000,000 warrants exercisable at $0.40 per share that if
exercised, will generate approximately $1.6 million of capital for the Company; there are also 866,000 warrants exercisable at
$1.00 per share that if exercised, will generate $866,000 of capital the Company.</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">If we are unable to raise the funds we will
seek alternative financing through means such as borrowings from institutions or private individuals. There can be no assurance
that we will be able to raise the capital we need for our operations from the sale of our securities. We have not located any sources
for these funds and may not be able to do so in the future. We expect that we will seek additional financing in the future. However,
we may not be able to obtain additional capital or generate sufficient revenues to fund our operations. If we are unsuccessful
at raising sufficient funds, for whatever reason, to fund our operations, we may be forced to cease operations. If we fail to raise
funds we expect that we will be required to seek protection from creditors under applicable bankruptcy laws.</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">Our independent registered public accounting
firm has expressed doubt about our ability to continue as a going concern and believes that our ability is dependent on our ability
to implement our business plan, raise capital and generate revenues. See Note 10 of our unaudited financial statements.</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>Off-Balance Sheet Arrangements</B></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">We do not have any off-balance sheet arrangements.</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 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">&nbsp;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">DECEMBER 31, 2014<BR>
FINANCIAL STATEMENTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.5in; text-indent: 0.5in">PAGE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM&#9;69</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">BALANCE SHEETS&#9;70</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">STATEMENTS OF OPERATIONS&#9;71</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">STATEMENTS OF STOCKHOLDERS&#8217; EQUITY&#9;72</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">STATEMENTS OF CASH FLOWS&#9;74</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">NOTES TO THE FINANCIAL STATEMENTS&#9; &#9;&#9;75</P>

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<P STYLE="font: 10pt 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: center">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt 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">&nbsp;</P>

<P STYLE="font: 10pt 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"><IMG SRC="image_009.jpg" ALT="http:||www.sec.gov|Archives|edgar|data|1589149|000072174815000192|image_004.jpg" STYLE="height: 131px; width: 626px"></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">REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM</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">The Board of Directors and Shareholders of</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Massroots, Inc.</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">We have audited the accompanying balance sheets
of Massroots, Inc. (the &#8220;Company&#8221;) as of December 31, 2014 and 2013, and the related statements of operations, stockholders&#8217;
equity (deficit) and cash flows for the year ended December 31, 2014 and for the period from inception (April 24, 2013) through
December 31, 2013. These financial statements are the responsibility of the Company&#8217;s management. Our responsibility is to
express an opinion on these financial statements based on our audits.</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">We conducted our audits 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 audits
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 consolidated 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 audits
provide a reasonable basis for our opinion.</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">In our opinion, the financial statements referred
to above present fairly, in all material respects, the financial position of the Company as of December 31, 2014 and 2013, and
the results of its operations, changes in stockholders&#8217; equity (Deficit) and cash flows for the period for the year ended
December 31, 2014 and for the period from inception (April 24, 2013) through December 31, 2013 in conformity with accounting principles
generally accepted in the United States of America.</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">The accompanying financial statements have
been prepared assuming that the Company will continue as a going concern. As discussed in Note 9 to the financial statements, the
Company has a net loss, a stockholders&#8217; deficit and negative cash flows from operations, 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 9. The
financial statements do not include any adjustments that might result from the outcome of this uncertainty.</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">/s/&nbsp;Bongiovanni &amp; Associates, PA</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Bongiovanni &amp; Associates,
PA</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">N.K.A. L&amp;L CPAs, PA</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Certified Public Accountants</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Plantation, Florida</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The United States of America</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">March 31, 2015</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"><IMG SRC="image_010.jpg" ALT="http:||www.sec.gov|Archives|edgar|data|1589149|000072174815000192|image_005.jpg" STYLE="height: 48px; width: 617px">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; 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: bottom">
    <TD COLSPAN="3" STYLE="border-bottom: Black 1.5pt double; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">MASSROOTS, INC.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">BALANCE SHEETS</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">AS OF DECEMBER 31, 2014 AND DECEMBER 31, 2013</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 71%; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="width: 14%; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>December
        31,<BR>
        2014</B></P></TD>
    <TD STYLE="width: 15%; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>December
        31,<BR>
        2013</B></P></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif">ASSETS</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif">CURRENT ASSETS</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.3in; text-indent: -0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Cash</FONT></TD>
    <TD STYLE="padding-right: 3.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">$&#9;141,928</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">$&#9;80,479</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.3in; text-indent: -0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Other receivables</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">11,201</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.3in; text-indent: -0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Prepaid expense</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">130,797</P></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">800</P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.45in; text-indent: -0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif">TOTAL CURRENT ASSETS</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">283,926</P></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">81,279</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.15in; text-decoration: underline; text-indent: -0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>FIXED ASSETS</U></B></FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 0.3in; text-indent: -0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Computer and office equipment</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">16,189</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">1,522</FONT></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 0.3in; text-indent: -0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Accumulated depreciation</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; color: red; border-bottom: Black 0.5pt solid">(2,027)</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; color: red; border-bottom: Black 0.5pt solid">(228)</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 0.45in; text-indent: -0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>NET FIXED ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid"><B>14,162</B></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid"><B>1,294</B></P></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; text-decoration: underline"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>OTHER LONG-TERM ASSETS</U></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 0.3in; text-indent: -0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Deposits</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">2,550</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 0.3in; text-indent: -0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Prepaid Expense</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">65,891</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">0</P></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Total Other Long-Term Assets</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid"><B>68,841</B></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid"><B>0</B></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>TOTAL ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double"><B>$&#9;366,528</B></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double"><B>82,573</B></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>LIABILITIES AND STOCKHOLDERS' EQUITY</B></FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>CURRENT LIABILITIES</B></FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Accounts Payable</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">25,842</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Accrued expenses</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">23,917</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Accrued payroll tax</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">1,778</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">1,846</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Derivative liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">1,099,707</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">0</P></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">TOTAL CURRENT LIABILITIES</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">1,151,244</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">1,846</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>LONG-TERM LIABILITY</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Convertible debentures, net of $107,016 discount</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">162,084</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">0</P></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>TOTAL LIABILITIES</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">1,313,328</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">1,846</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.15in; text-decoration: underline; text-indent: -0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>STOCKHOLDERS' EQUITY</U></B></FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Preferred series A Stock, $1 par value, 21 shares authorized; 0 shares issued and outstanding</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Common stock, $0.001 par value, 200,000,000 shares authorized; 38,909,000 and 0 shares issued and outstanding</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">38,909</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Common stock to be issued</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">1,048</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">13,890</FONT></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Additional paid in capital</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">2,372,867</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">985,960</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Retained Deficit</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; color: red; border-bottom: Black 0.5pt solid">(3,359,623)</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; color: red; border-bottom: Black 0.5pt solid">(919,123)</P></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>TOTAL STOCKHOLDERS' EQUITY (DEFICIT)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; color: red; border-bottom: Black 0.5pt solid"><B>(946,799)</B></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid"><B>80,727</B></P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double"><B>$&#9;366,528</B></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double"><B>$&#9;82,573</B></P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD COLSPAN="3" STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">The accompanying notes are an integral part of these financial statements.</FONT></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 COLSPAN="3" STYLE="padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>MASSROOTS, INC.</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>STATEMENTS OF OPERATIONS</B></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 48%; padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in">&nbsp;</TD>
    <TD STYLE="width: 24%; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FOR THE YEAR ENDED</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DECEMBER 31, 2014</B></P></TD>
    <TD STYLE="width: 28%; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>FOR THE PERIOD FROM INCEPTION (APRIL 24, 2013) THROUGH DECEMBER 31, 2013</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif">ADVERTISING REVENUE</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">$9,030</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">$&#9;470</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">COST OF GOODS SOLD</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">(690)</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">0</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>GROSS PROFIT</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid"><B>8,340</B></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid"><B>470</B></P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; text-decoration: underline"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>GENERAL AND ADMINISTRATIVE EXPENSES:</U></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Depreciation</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">1,799</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">228</FONT></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Independent contractor expense</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">182,198</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">33,863</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Legal expenses</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">179,504</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">4,675</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Payroll and related expense</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">262,653</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">28,503</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Preferred stock issued for services</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">24,998</FONT></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Common stock issued for services</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">30,658</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">195,412</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Options issued for services</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">59,473</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">612,387</FONT></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Warrants issued for services</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">555,598</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Other general and administrative expenses</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">343,680</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">19,527</P></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Total General and Administrative Expenses</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">1,615,563</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">919,593</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">(LOSS) FROM OPERATIONS</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; color: red; border-bottom: Black 0.5pt solid">(1,607,223)</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; color: red; border-bottom: Black 0.5pt solid">(919,123)</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif">OTHER INCOME (EXPENSE)</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Change in derivative liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(753,240)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Interest income</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Interest expense</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(8,316)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Amortization of discount on convertible debentures</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(67,363)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Total Other Income (Expense)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">828,919</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">0</P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">INCOME (LOSS) BEFORE INCOME TAXES</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; color: red; border-bottom: Black 0.5pt solid">(2,436,142)</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; color: red; border-bottom: Black 0.5pt solid">(919,123)</P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif">PROVISION FOR INCOME TAXES</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#8212;</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">NET (LOSS) </FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double">$&#9;(2,436,142)</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double">$&#9;(919,123)</P></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Basic and fully diluted net income (loss) per common share:</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double">$&#9;(0.17)</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double">N/A</P></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Weighted average common shares outstanding</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double">14,375,222</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double">N/A</P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">The accompanying notes are an integral part of these financial statements.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</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="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD COLSPAN="12" STYLE="padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>MASSROOTS, INC.</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>STATEMENT OF STOCKHOLDERS' DEFICIT</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FOR THE PERIOD FROM INCEPTION (APRIL 24,
        2013) THROUGH DECEMBER 31, 2014</B></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Total stockholders' equity (deficit)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Preferred Stock</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Common Stock</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Preferred Stock</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>to be Issued</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Common Stock to be Issued</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Additional Paid-in capital</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding-right: 1.45pt; padding-left: 1.45pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Retained Deficit</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Shares</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Amount</B></FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Shares</B></FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Amount</B></FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Shares</B></FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Amount</B></FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Shares</B></FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Amount</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Balances as of April 24, 2013</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid"><B>&#8212;</B></P></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid"><B>$&#9;&#8212;</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid"><B>&#8212;</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid"><B>$&#9;&#8212;</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid"><B>&#8212;</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid"><B>$&#9;&#8212;</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid"><B>&#8212;</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid"><B>$&#9;&#8212;</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid"><B>$&#9;&#8212;</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid"><B>$&#9;&#8212;</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid"><B>$&#9;&#8212;</B></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Preferred stock issued for cash</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&#8212;</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&#8212;</B></FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&#8212;</B></FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">18</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">18</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&#8212;</B></FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&#8212;</B></FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">149,982</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&#8212;</B></FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">150,000</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Preferred stock issued for services</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&#8212;</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&#8212;</B></FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&#8212;</B></FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&#8212;</B></FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">24,995</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&#8212;</B></FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">24,998</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Retroactive adjustment for subsequent conversion</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(21)</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(21)</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">6,273,052</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">6,273</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(6,252)</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&#8212;</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Common stock issued for repayment of short term borrowing and services</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&#8212;</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&#8212;</B></FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&#8212;</B></FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&#8212;</B></FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&#8212;</B></FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&#8212;</B></FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">7,616,625</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">7,617</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">204,848</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&#8212;</B></FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">212,465</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Option issued for services</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&#8212;</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&#8212;</B></FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&#8212;</B></FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&#8212;</B></FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&#8212;</B></FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&#8212;</B></FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&#8212;</B></FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&#8212;</B></FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">612,387</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&#8212;</B></FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">612,387</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Net Less for the period ended December 31, 2013</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid"><B>&#8212;</B></P></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid"><B>&#8212;</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid"><B>&#8212;</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid"><B>&#8212;</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid"><B>&#8212;</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid"><B>&#8212;</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid"><B>&#8212;</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid"><B>&#8212;</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid"><B>&#8212;</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">(919,123)</P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">(919,123)</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Balances as of December 31, 2013</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double"><B>&#8212;</B></P></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double"><B>&#8212;</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double"><B>&#8212;</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double"><B>&#8212;</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double"><B>&#8212;</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double"><B>&#8212;</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double">13,889,677</P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double">13,890</P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double">985,960</P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double">(919,123)</P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double">80,727</P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Accrued dividend on preferred stock</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(4,358)</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(4,358)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Conversion of dividend into common stock</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">156,293</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">156</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4,202</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4,358</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Exercise of options</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">21,954,030</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">21,954</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(21,882)</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">72</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Intrinsic value from beneficial conversion feature</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">87,189</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">87,189</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 13px">&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></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The accompanying notes are an integral part of these financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<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>

<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="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>MASSROOTS, INC.</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>STATEMENT OF STOCKHOLDERS' DEFICIT (continued)</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FOR THE PERIOD FROM INCEPTION (APRIL 24,
        2013) THROUGH DECEMBER 31, 2014</B></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Total stockholders' equity (deficit)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Preferred</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Stock</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Common Stock</B></FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Preferred</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Stock to be</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Issued</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Common Stock to be Issued</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Additional Paid-in capital</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding-right: 1.45pt; padding-left: 1.45pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Retained Deficit</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Shares</B></FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Amount</B></FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Shares</B></FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Amount</B></FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Shares</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Amount</B></FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Shares</B></FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Amount</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Common stock issued for cash</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2,059,000</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2,059</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1,048,000</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1,048</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">467,515</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">470,622</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Common stock issued for services</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">850,000</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">850</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">84,150</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">85,000</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Issuance of Common Stock</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">13,889,677</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">13,890</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(13,889,677)</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(13,890)</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#8212;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">options issued for services</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">201,818</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">201,818</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Issuance of warrants for services</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">555,598</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">555,598</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Imputed interest</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">8,316</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">8,316</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Accumulated Deficit</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">(2,436,142)</P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">(2,436,142)</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Balances as of December 31, 2014</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double">&#8212;</P></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double">&#8212;</P></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double">38,909,000</P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double">38,909</P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double">&#8212;</P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double">&#8212;</P></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double">1,048,000</P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double">1,048</P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double">2,372,867</P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double">(3,359,623)</P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double">(946,799)</P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="15" STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The accompanying notes are an integral part of these financial statements.</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 3px">&nbsp;</TD>
    <TD STYLE="width: 1px">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 13px">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&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 COLSPAN="3" STYLE="padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">MASSROOTS, INC.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">STATEMENT OF CASHFLOWS</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">FOR THE YEAR ENDED DECEMBER 31, 2014 AND FROM
        INCEPTION (APRIL 24, 2013)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">THROUGH DECEMBER 31, 2013</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%; padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in">&nbsp;</TD>
    <TD STYLE="width: 24%; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>FOR THE YEAR ENDED DECEMBER 31, 2014</B></FONT></TD>
    <TD STYLE="width: 26%; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FOR THE PERIOD FROM</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>INCEPTION (APRIL 24,</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>2013) THROUGH</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DECEMBER 31, 2013</B></P></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>CASH FLOWS FROM OPERATING ACTIVITIES:</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Net (loss)</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$&#9;(2,436,142)</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$&#9;(919,123)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Adjustments to reconcile net (loss ) to net cash (used in )</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">operating activities:</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Depreciation</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1,799</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">228</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Preferred stock issued for services</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#8212;</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">24,998</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0.15in; text-indent: -0.15in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Common stock issued for services</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">30,658</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">195,412</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Options issued for services</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">59,473</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">612,387</FONT></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Warrants issued for services</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">555,598</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Amortization of discount</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">67,363</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Imputed Interest expense</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">8,316</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Change in Derivative Liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">753,240</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#8212;</FONT></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Changes in operating assets and liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#8212;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#8212;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Other receivables</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(11,201)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#8212;</FONT></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Prepaid expense</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#8212;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(800)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Deposit</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(2,550)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#8212;</FONT></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Accounts payable and other liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">50,557</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Accrued payroll tax</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">(68)</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">1,846</P></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Net Cash (Used in) Operating Activities</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(922,956)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(85,052)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: #D9D9D9">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>CASH FLOWS FROM INVESTING ACTIVITIES:</B></FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Payments for equipment</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">(14,667)</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">(1,522)</P></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Net Cash (Used in) Investing Activities</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(14,667)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(1,522)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>CASH FLOWS FROM FINANCING ACTIVITIES</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Issuance of preferred stock for cash</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#8212;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">150,000</FONT></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Issuance of convertible Debentures for cash</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">269,100</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#8212;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Issuance of common stock for cash</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">729,900</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#8212;</FONT></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Proceeds from exercise of options</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">72</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#8212;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Proceeds from short term borrowing - related party</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">&#8212;</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">17,053</P></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Net Cash Provided by Financing Activities</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">999,072</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">167,053</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>NET INCREASE IN CASH</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">61,449</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">80,479</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CASH AT BEGINNING OF PERIOD</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">80,479</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#8212;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CASH AT END OF YEAR</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">NON-CASH FINANCING ACTIVITIES</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double">$&#9;141,928</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 1.5pt double">$&#9;80,479</P></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Repayment of short term borrowing - related party through issuance of preferred stock</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">17,053</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Common stock issued for services</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">54,342</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#8212;</FONT></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Options issued for services</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">142,345</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#8212;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Preferred Stock dividend</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4,538</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#8212;</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #D9D9D9">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Imputed Interest- apic</FONT><BR>
<BR>
</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">(8,316)</P></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; border-bottom: Black 0.5pt solid">&#8212;</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The report on the financial statements and accompanying notes are an integral part of these financial statements.</FONT></TD></TR>
</TABLE>

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<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="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">MassRoots, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Notes to Financial Statements</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">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: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 1 <U>SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES</U></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">MassRoots, Inc. (the &#8220;Company&#8221;)
is a social network for the cannabis community. Through its mobile applications, systems and websites, MassRoots enables people
to share their cannabis-related content and for businesses to connect with those consumers. The Company was incorporated in the
State of Delaware on April 24, 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">MassRoots&#8217;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s primary focus during fiscal
year 2014 was increasing our userbase from under 20,000 users to over 200,000 and developing additional features to expand the
reach and utility of its network.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">MassRoots&#8217;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has not focused on generating revenue
to date. However, the primary source of revenue generated to date is advertising from businesses, brands and non-profits. Its secondary
source of income is merchandise sales.</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"><U>Basis of Presentation</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The financial statements include the accounts
of MassRoots, Inc. under the accrual basis of accounting.</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"><U>Management&#8217;s Use of Estimates</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in
conformity with accounting principles generally accepted in the United States of America requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported
amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. The financial
statements above reflect all of the costs of doing business.</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"><U>Deferred Taxes</U></P>

<P STYLE="font: 10pt 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. Deferred income tax assets and liabilities are determined based
upon differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax
rates and laws that will be in effect when 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 statements of operations in the period that includes the enactment date.</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"><U>Cash and Cash Equivalents</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For purposes of the Statement of Cash Flows,
the Company considers highly liquid investments with an original maturity of three months or less to be cash equivalents.</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"><U>Revenue Recognition</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company applies paragraph 605-10-S99-1
of the FASB Accounting Standards Codification for revenue recognition. The Company recognizes revenue when services are realized
or realizable and earned less estimated future doubtful accounts. The Company considers revenue realized or realizable and earned
when all of the following criteria are met:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 20px; text-align: justify">(i)</TD>
    <TD STYLE="width: 7px">&nbsp;</TD>
    <TD STYLE="text-align: justify">persuasive evidence of an arrangement exists,</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">(ii)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">the services have been rendered and all required milestones achieved,</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">(iii)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">the sales price is fixed or determinable, and</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">(iv)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">Collectability is reasonably assured.</TD></TR>
</TABLE>
<P STYLE="font: 10pt 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">MassRoots primarily generates revenue by charging
businesses to advertise on the network. MassRoots has the ability to target advertisements directly to a clients&#8217; target
audience, based on their location, on their mobile devices. All advertising services take between a few hours to up to one month
to complete, unless otherwise noted.</P>

<P STYLE="font: 10pt 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">MassRoots&#8217; secondary source of income
is merchandise sales. The objective with the sales is not to generate large profit margins, but to help offset the cost of marketing.
Each t-shirt, sticker and jar MassRoots sells will likely lead to more downloads and active users.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Cost of Sales&nbsp;</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s policy is to recognize
cost of sales in the same manner in conjunction with revenue recognition, when the costs are incurred. Cost of sales includes the
costs directly attributable to revenue recognition. Selling, general and administrative expenses 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"><U>Comprehensive Income (Loss)</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company reports comprehensive income and
its components following guidance set forth by section 220-10 of the FASB Accounting Standards Codification which establishes standards
for the reporting and display of comprehensive income and its components in the financial statements. There were no items of comprehensive
income (loss) applicable to the Company during the periods covered in the financial statements.</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"><U>Loss Per Share</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Net loss per common share is computed pursuant
to section 260-10-45 of the FASB Accounting Standards Codification. Basic net loss per share is computed by dividing net loss by
the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by
dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during
each period.</P>

<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: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Risk and Uncertainties </U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is subject to risks common to companies
in the service industry, including, but not limited to, litigation, development of new technological innovations and dependence
on key personnel.</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"><U>Convertible Debentures</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If the conversion features of conventional
convertible debt provides for a rate of conversion that is below market value at issuance, this feature is characterized as a beneficial
conversion feature (&#8220;BCF&#8221;). A BCF is recorded by the Company as a debt discount pursuant to ASC Topic 470-20 &#8220;Debt
with Conversion and Other Options.&#8221; In those circumstances, the convertible debt is recorded net of the discount related
to the BCF, and the Company amortizes the discount to interest expense, over the life of the debt using the effective interest
method.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Stock-Based Compensation</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for stock-based compensation
using the fair value method following the guidance set forth in section 718-10 of the FASB Accounting Standards Codification for
disclosure about Stock-Based Compensation. This section requires a public entity to measure the cost of employee services received
in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). That
cost will be recognized over the period during which an employee is required to provide service in exchange for the award- the
requisite service period (usually the vesting period). No compensation cost is recognized for equity instruments for which employees
do not render the requisite service.</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"><U>Fair Value for Financial Assets and Financial
Liabilities</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company follows paragraph 825-10-50-10
of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37
of the FASB Accounting Standards Codification (&#8220;Paragraph 820-10-35-37&#8221;) to measure the fair value of its financial
instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted
in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and
comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which
prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives
the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority
to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:</P>

<P STYLE="font: 10pt 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">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: bottom; width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 10%; text-align: justify">Level 1</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 87%; padding-left: 5.4pt; text-align: justify">Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: justify">Level 2</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 5.4pt; text-align: justify">Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: justify">Level 3</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 5.4pt; text-align: justify">Pricing inputs that are generally observable inputs and not corroborated by market data.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The carrying amounts of the Company&#8217;s
financial assets and liabilities, such as cash, other receivables, accounts payable, prepaid expense and other assets and liabilities
approximate their fair values because of the short maturity of these instruments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company does not have any assets or liabilities
measured at fair value on a recurring or a non-recurring basis, consequently, the Company did not have any fair value adjustments
for assets and liabilities measured at fair value on December 31, 2014, nor gains or losses are reported in the statements of operations
that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting
date for the year ended December 31, 2014.</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"><U>Embedded Conversion Features</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company evaluates embedded conversion features
within convertible debt under ASC 815 &#8220;Derivatives and Hedging&#8221; 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 &#8220;Debt with Conversion and Other Options&#8221; for consideration of any beneficial conversion feature.</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"><U>Derivative Financial Instruments</U></P>

<P STYLE="font: 10pt 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: 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">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: 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"><U>Beneficial Conversion Feature</U>&nbsp;</P>

<P STYLE="font: 10pt 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: 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">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: 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"><U>Recent Accounting Pronouncements </U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In June 2014, the FASB issued ASU 2014-10,
Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. ASU 2014-10 eliminates the distinction
of a development stage entity and certain related disclosure requirements, including the elimination of inception-to-date information
on the statements of operations, cash flows and stockholders' equity. The amendments in ASU 2014-10 will be effective prospectively
for annual reporting periods beginning after December 15, 2014, and interim periods within those annual periods, however early
adoption is permitted for financial statements not yet issued. The Company adopted ASU 2014-10 during the fourth quarter of 2014,
thereby no longer presenting or disclosing any information required by Topic 915. The Company has reviewed all recently issued,
but not yet effective, accounting pronouncements up to ASU 2014-05, and does not believe the future adoption of any such pronouncements
may be expected to cause a material impact on its financial condition or the results of its operations.</P>

<P STYLE="font: 10pt 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">NOTE 2 <U>FIXED ASSETS</U></P>

<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: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Fixed assets were comprised of the following
as of December 31, 2014 and December 31, 2013, respectively. Depreciation is calculated using the straight-line method over a 5
year period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: justify"><B>December 31, 2014</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: justify"><B>December 31, 2013</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify"><B>Cost:</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 64%; text-align: justify">Computers</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 15%; text-align: justify">12,134</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 15%; text-align: justify">1,522</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-bottom: 1pt; text-align: justify">Office equipment</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">4,055</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">0</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: justify">Total</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">16,189</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">1,522</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-bottom: 1pt; text-align: justify">Less: Accumulated depreciation</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">2,027</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">228</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-bottom: 1pt; text-align: justify">Property and equipment, net</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">14,162</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">1,294</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 3&nbsp;&#8211;&nbsp; <U>PREPAID EXPENSE</U></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">On June 4, 2014, the Company issued a total
of 850,000 shares of its common stock and 2,050,000 options in exchange for consulting services, valued at $286,818. The $286,818
is being charged to operations over the three-year term.</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">Consulting fees charged to operations during
the year ended December 31, 2014 relating to this transaction amounted to $90,131. The unamortized balance at December 31, 2014
was $196,687. Amortization expense over the remaining terms of the respective consulting agreement is as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-decoration: underline; text-align: justify"><B><U>December 31,</U></B></TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 43%; text-align: justify">2014</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 10%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; text-align: justify">$</TD>
    <TD STYLE="vertical-align: bottom; width: 43%; text-align: justify">90,131</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: justify">2015</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">130,797</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-bottom: 1pt; text-align: justify">2016</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: justify">65,891</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 1pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: justify">$</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: justify">286,818</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<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">NOTE 4 <U>DERIVATIVE LIABILITIES</U></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">The Company identified conversion features
embedded within convertible debt and warrants issued in 2014, and the Company also identified derivative liabilities embedded within
warrants detachable with subscription agreement. 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: 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">As a result of the application of ASC No. 815,
the fair value of the warrant related to convertible debt and subscription agreement is summarized as follow:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: justify"><B>Warrants with convertible Debt</B></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: justify"><B>Warrants with subscription agreement</B></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: justify"><B>Total</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 0.75pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 33%; padding-left: 0.75pt; text-align: justify">&nbsp;Fair value at the commitment date</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 19%; text-align: justify">87,189</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 20%; text-align: justify">259,278</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 19%; text-align: justify">346,467</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-bottom: 1pt; padding-left: 0.75pt; text-align: justify">&nbsp;Fair value mark to market adjustment</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">429,948</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">323,293</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">753,241</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-bottom: 2.5pt; padding-left: 0.75pt; text-align: justify">Balances as of December 31, 2014</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">517,137</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">582,571</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">1,099,708</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt 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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The fair value at the commitment and re-measurement
dates for the Company&#8217;s derivative liabilities were based upon the following management assumptions as of December 31, 2014:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: justify"><B>Commitment Date</B></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: justify"><B>Remeasurement Date</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 34%; text-align: justify">&nbsp;Expected dividends</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 30%; text-align: justify">0%</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 30%; text-align: justify">0%</TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;Expected volatility</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">150%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">150%</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: justify">&nbsp;Expected term</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;3 years&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;2.23 &#8211; 2.96 years&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;Risk free interest rate</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;0.75% - 1.1%&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">1.1%</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<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; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 5 <U>DEBT DISCOUNT</U></P>

<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: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recorded the $174,378 debt discount
due to beneficial conversion feature of $87,189 for the detachable warrants issued with convertible debt, and $87,189 in derivative
liabilities related to the ratchet feature warrants.&nbsp;</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">The debt discount recorded in 2014 pertains
to convertible debt and warrants issued that contain ratchet features that are required to bifurcated and reported at fair value.</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">Debt discount is summarized as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</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="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="width: 71%; text-align: justify">&nbsp;Debt discount</TD>
    <TD STYLE="width: 10%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 17%; text-align: justify">174,378</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;Accumulated amortization - 2014</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">(67,363</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;Debt discount - net - December 31, 2014</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">$</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">107,016</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<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">NOTE 6 &#8211; <U>CONVERTIBLE DEBENTURES</U></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">On March 24, 2014, the Company issued several
convertible debentures to certain accredited investors. The total amount of the debentures is $269,100 and matures on March 24,
2016 with zero percent interest rate. The debentures are convertible into shares of the Company&#8217;s common stock at $0.1 per
share. In addition, the Company granted to the same investors three&#8722;year warrants to purchase an aggregate of 1,345,500 shares
of the Company&#8217;s common stock at $0.4 per share.</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">The debentures were discounted in the amount
of $174,389 due to the intrinsic value of the beneficial conversion option and relative derivative liabilities of the warrants.
As of December 31, 2014, the aggregate carrying value of the debentures was $162,084 net of debt discounts of $107,016. The Company
recorded amortization of debt discount in amount of $162,084 during the year ended December 31, 2014.</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">NOTE 7 <U>CAPITAL STOCK</U></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">On March 18, 2014, the Company entered into
a Plan of Reorganization with its shareholders in which the following was effected: (i) on March 21, 2014, the Company&#8217;s
Certificate of Incorporation was amended to allow for the issuance of 200,000,000 shares of the Company&#8217;s common stock; (ii)
on March 24, 2014, each of the Company&#8217;s preferred shareholders converted their shares into common stock on a one for one
basis, and (iii) on March 24, 2014, each of the Company&#8217;s shareholders surrendered their shares of the Company&#8217;s common
stock in exchange for the pro-rata distribution of 36,000,000 newly issued shares of Company&#8217;s common stock, based on the
percentage of the total shares of common stock held by the shareholder immediately prior to the exchange (the &#8220;Exchange&#8221;).</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">The Company is currently authorized to issue
21 Series A preferred shares at $1.00 par value per share with 1:1 conversion and voting rights. As of December 31, 2014 and 2013,
there were zero shares of Series A preferred share issued and outstanding.</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">The Company is currently authorized to issue
200,000,000 common shares at $0.001 par value per share. As of December 31, 2014, there were 38,909,000 shares of common stock
issued and outstanding and 1,048,000 shares of common stock to be issued, all of which were subsequently issued on January 4, 2015.</P>

<P STYLE="font: 10pt 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">On January 1, 2014, the directors and officers
exercised all of then outstanding 72.06 stock options and acquired 72.06 shares of common stock at $1 per share. These 72.06 shares
of common stock were exchanged for 21,954,160 shares of common stock during the Exchange.</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">On March 18, 2014, immediately prior to the
exchange, the Company converted $4,358 accrued dividend from Series A preferred shares into 0.513 share of common stock, which
was exchanged for 156,293 shares of common stock during the Exchange.</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">On March 24, 2014, the Company issued 2,059,000
shares of common stock in exchange for $205,900 cash.</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">On June 4, 2014, the Company issued 250,000
shares of common stock to Vincent &#8220;Tripp&#8221; Keber valued at $0.10 per share in exchange for his services on the Company&#8217;s
Board of Directors for three years. These shares have a fair market value of $25,000, of which $4,795 was amortized during the
year ended December 31, 2014.</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">On June 4, 2014, the Company issued 250,000
shares of common stock to Ean Seeb valued at $0.10 per share in exchange for his services on the Company&#8217;s Board of Directors
for three years. These shares have a fair market value of $25,000, of which $4,795 was amortized during the year ended December
31, 2014.</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">On June 4, 2014, the Company issued 250,000
shares of common stock to Sebastian Stant valued at $0.10 per share in exchange for his services as the Company&#8217;s Lead Web
Developer for one year. These shares have a fair market value of $25,000, of which $14,384 was amortized during the year ended
December 31, 2014.</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">On May 1, 2014, the Company issued 100,000
shares of common stock to Jesus Quintero valued at $0.10 per share in exchange for his services as the Company&#8217;s Chief Financial
Officer for one year. These shares have a fair market value of $10,000, of which $6,685 was amortized during the year to date period
ended December 31, 2014.</P>


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<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">From September 15 to December 31, 2014, we
completed an offering of $524,000 of our securities to certain accredited and non-accredited investors consisting of 1,048,000
shares of our common stock at $0.50 per share. As of December 31, 2014, the full $524,000 had been received. These shares have
not been issued as of December 31, 2014 and was recorded as common stock to be issued.</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">NOTE 8 &#8211; <U>STOCK WARRANTS</U></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">On March 24, 2014, the Company issued warrants
to a third party for the purchase of 4,050,000 and 2,375,000 shares of common stock, at an exercise price of $0.001 and $0.4 per
share, respectively. The warrants may be exercised any time after issuance through and including the third (3rd) anniversary of
its original issuance. The Company recorded an expense of $555,598 equal to the estimated fair value of the warrants at the date
of grants. The fair market value was calculated using the Black-Scholes options pricing model, assuming approximately 0.75% risk-free
interest, 0% dividend yield, 150% volatility, and expected life of 3 years</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">On March 24, 2014, in connection to the issuance
of convertible debentures of $269,100 to certain investors, which are convertible into shares of the Company&#8217;s common stock
at $0.1 per share, the Company granted to the same investors three&#8722;year warrants to purchase an aggregate of 1,345,500 shares
of the Company&#8217;s common stock at $0.4 per share. The warrants may be exercised any time after the issuance through and including
the third (3rd) anniversary of its original issuance. See Note 4 for further discussion.</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">On March 24, 2014, in connection to the issuance
of 2,059,000 shares of common stock, the Company granted to the same investors three&#8722;year warrants to purchase an aggregate
of 1,029,500 shares of the Company&#8217;s common stock at $0.4 per share. The warrants may be exercised any time after the issuance
through and including the third (3rd) anniversary of its original issuance. The warrants have a fair market value of $66,712. The
fair market value was calculated using the Black-Scholes options pricing model, assuming approximately 0.75% risk-free interest,
0% dividend yield, 150% volatility, and expected life of 3 years. See Note 4 for further discussion.</P>

<P STYLE="font: 10pt 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">On June 4, 2014, the Company issued warrants
to purchase 750,000 shares at $0.10 per share to Vincent &#8220;Tripp&#8221; Keber for his services on the Company&#8217;s Board
of Directors for 3 years. Under the terms of the agreement, 250,000 shares shall begin vesting on October 1, 2014 such that 20,833
shares shall vest on the first of every month except for every three months, when 20,834 shares shall vest. An additional 250,000
shares shall begin vesting the later of: October 1, 2015 or the Company reaching 830,000 users such that 20,833 shares shall vest
on the first of every month except for every three months, when 20,834 shares shall vest. An additional 250,000 shares shall vest
immediately upon the later of: October 1, 2016 or the Company reaching 1,080,000 users. These warrants were issued in exchange
for his services on the Company&#8217;s Board of Directors for 3 years. The warrants may be exercised any time after the issuance
through and including the tenth (10th) anniversary of its original issuance. The warrants have a fair market value of $73,836.
The fair market value was calculated using the Black-Scholes options pricing model, assuming approximately 2.61% risk-free interest,
0% dividend yield, 150% volatility, and expected life of 10 years. During year ended December 31, 2014, $14,160 was amortized.</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">On June 4, 2014, the Company issued warrants
to purchase 750,000 shares at $0.10 per share to Ean Seeb for his services on the Company&#8217;s Board of Directors for 3 years.
Under the terms of the agreement, 250,000 shares shall begin vesting on October 1, 2014 such that 20,833 shares shall vest on the
first of every month except for every three months, when 20,834 shares shall vest. An additional 250,000 shares shall begin vesting
the later of: October 1, 2015 or the Company reaching 830,000 users such that 20,833 shares shall vest on the first of every month
except for every three months, when 20,834 shares shall vest. An additional 250,000 shares shall vest immediately upon the later
of: October 1, 2016 or the Company reaching 1,080,000 users. These warrants were issued in exchange for his services on the Company&#8217;s
Board of Directors for 3 years. The warrants may be exercised any time after the issuance through and including the tenth (10th)
anniversary of its original issuance. The warrants have a fair market value of $73,836. The fair market value was calculated using
the Black-Scholes options pricing model, assuming approximately 2.61% risk-free interest, 0% dividend yield, 150% volatility, and
expected life of 10 years. During year period ended December 31, 2014, $14,160 was amortized.</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">On June 4, 2014, the Company issued warrants
to purchase 550,000 shares at $0.10 per share to Sebastian Stant for his services as the Company&#8217;s Lead Web Developer for
1 year. Under the terms of the agreement, 250,000 shares shall vest immediately upon the company reaching 250,000 users. An additional
150,000 shares shall vest immediately upon the company reaching 500,000 users. An additional 150,000 shares shall vest immediately
upon the company reaching 750,000 users. The warrants were issued in exchange for his services as the Company&#8217;s Lead Web
Developer for 1 year. The warrants may be exercised any time after the issuance through and including the tenth (10th) anniversary
of its original issuance. The warrants have a fair market value of $54,146. The fair market value was calculated using the Black-Scholes
options pricing model, assuming approximately 2.61% risk-free interest, 0% dividend yield, 150% volatility, and expected life of
10 years. During year period ended December 31, 2014, $31,153 was amortized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the four months ended December 31, 2014,
in connection to the sale of 1,048,000 shares of common stock, the Company granted to the same investors three&#8722;year warrants
to purchase an aggregate of 524,000 shares of the Company&#8217;s common stock at $1.00 per share. The warrants may be exercised
any time after the issuance through and including the third (3rd) anniversary of its original issuance. The warrants have a fair
market value of <B>$</B>42,650. The fair market value was calculated using the Black-Scholes options pricing model, assuming approximately
1% risk-free interest, 0% dividend yield, 150% volatility, and expected life of 3 years. See Note 4 for further discussion.</P>

<P STYLE="font: 10pt 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">Stock warrants outstanding and exercisable
on December 31, 2014 are as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: justify"><B>Exercise Price per Share</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: justify"><B>Shares Under Warrants</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><B>Remaining Life in Years</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><B>Outstanding</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 31%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">$</TD>
    <TD STYLE="width: 20%; text-align: justify">0.001</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 20%; text-align: justify">4,050,000</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 20%; text-align: justify">3</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">$</TD>
    <TD STYLE="text-align: justify">0.10</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">2,050,000</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">10</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">$</TD>
    <TD STYLE="text-align: justify">0.4</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">4,750,000</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">3</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">$</TD>
    <TD STYLE="text-align: justify">1</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">524,000</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">3</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><B>Exercisable</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">$</TD>
    <TD STYLE="text-align: justify">0.001</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">4,050,000</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">3</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">$</TD>
    <TD STYLE="text-align: justify">0.10</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">125,000</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">10</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">$</TD>
    <TD STYLE="text-align: justify">0.4</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">4,750,000</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">3</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">$</TD>
    <TD STYLE="text-align: justify">1</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">524,000</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">3</TD></TR>
</TABLE>
<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">No other stock warrants have been issued or
exercised during the twelve months ended December 31, 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 9 <U>GOING CONCERN AND UNCERTAINTY</U></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">The Company has suffered losses from operations
since inception. In addition, the Company has yet to generate an internal cash flow from its business operations. These factors
raise substantial doubt as to the ability of the Company to continue as a going concern.</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">Management&#8217;s plans with regard to these
matters encompass the following actions: 1) obtain funding from new investors to alleviate the Company&#8217;s working deficiency,
and 2) implement a plan to generate sales. The Company&#8217;s continued existence is dependent upon its ability to translate its
vast user base into sales. However, the outcome of management&#8217;s plans cannot be ascertained with any degree of certainty.
The accompanying financial statements do not include any adjustments that might result from the outcome of these risks and uncertainties.</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">NOTE 10 <U>SIGNIFICANT EVENTS</U></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">On July 24, 2014, MassRoots entered into a
lease for a new company headquarters located at 2247 Federal Blvd, Denver.&nbsp;This location is co-leased by the Company, along
with CannaBuild, LLC, from 2247 Federal Boulevard, LLC pursuant to a written lease which expires on July 22, 2015 and contains
an option for a one year renewal at the same monthly rate. This location is shared with CannaBuild, LLC, which pays a portion of
the monthly rent. The lease is for a total of $3,450 per month, which, pursuant to an expense sharing agreement between the Company
and CannaBuild, LLC, the Company is responsible for paying $2,250 per month.</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">The Company had previously rented virtual office
space from Opus Virtual Offices which provides conference rooms, mail forwarding and call answering for $99 per month ($1,188 on
an annual basis). The Opus Virtual Office lease has been cancelled by the Company and expired on September 14, 2014.</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">On September 1, 2014, MassRoots entered into
an employment contract with Sebastian Stant. For his services as Lead Developer, Mr. Stant shall be compensated five thousand dollars
($5,000) per month. Upon the successful execution of all of our outstanding forty-cent ($0.40) warrants, Mr. Stant's salary will
increase to seven thousand five hundred dollars ($7,500) per month. The employment contract is &#8220;at-will&#8221; and may be
terminated by either party with or without cause with one (1) month&#8217;s written notice. No retirement plan, health insurance
or employee benefits program was awarded to Mr. Stant and he serves at the discretion of the Board of Directors.</P>

<P STYLE="font: 10pt 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">On September 15, 2015, MassRoots entered into
a contract with Direct Media Advertising for a sponsorship of B-Real&#8217;s &#8220;Smokers Club Tour.&#8221; Under the terms of
the agreement, B-Real has promoted MassRoots on his social media accounts, featured MassRoots on B-Real's &quot;Smoke Box&quot;
and produced a promotional video for MassRoots. MassRoots compensated Direct Media Advertising a one-time fee of twenty thousand
dollars ($20,000). The tour lasted from October 1, 2014 to November 30, 2014.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 11 <U>SUBSEQUENT EVENTS</U></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">On January 1, 2015, MassRoots amended its employment
contract with Tyler Knight. For his services as Chief Marketing Officer, Mr. Knight shall be five thousand dollars ($5,000) per
month. The employment contract is &#8220;at-will&#8221; and may be terminated by either party with or without cause with one (1)
month&#8217;s written notice. No retirement plan, health insurance or employee benefits program was awarded to Mr. Knight and he
serves at the direction of the Chief Executive Officer and Board of Directors.</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">On March 3, 2015, MassRoots entered into an
investment banking relationship with Chardan Capital Markets, LLC. Under the terms of the agreement, MassRoots shall pay Chardan
a non-refundable retainer of 200,000 common shares and pay a commission equal to: (a) an aggregate cash fee equal to four percent
(4%) of the gross proceeds received from the sale of the Stock; and (b) an aggregate restricted stock fee equal to eight percent
(8.0%) of the aggregate number of shares of Stock sold in the offering.</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">On March 9, 2015, Sebastian Stant resigned
his position as Lead Developer of MassRoots and surrendered 350,000 options with a strike price of $0.10 back to the 2014 Employee
Incentive Plan.</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">On March 9, 2015 MassRoots entered into an
employment contract with Alan Janis. For his services as Director of Technology, Mr. Janis shall be compensated one hundred thirty
thousand dollars ($130,000) per year. The employment contract is &#8220;at-will&#8221; and may be terminated by either party with
or without cause with one (1) month&#8217;s written notice. No retirement plan, health insurance or employee benefits program was
awarded to Mr. Janis and he serves at the discretion of the Board of Directors.</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">On March 31, 2015, MassRoots amended its employment
contract with Isaac Dietrich. For his services as Chief Executive Officer, Mr. Dietrich shall be compensated seven thousand five
hundred dollars ($7,500) per month, effective April 1, 2015. The employment contract is &#8220;at-will&#8221; and may be terminated
by either party with or without cause with one (1) month&#8217;s written notice. No retirement plan, health insurance or employee
benefits program was awarded to Mr. Dietrich and he serves at the direction of the Board of Directors.</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">On March 31, 2015, MassRoots amended its employment
contract with Hyler Fortier. For her services as Chief Operating Officer, Ms. Fortier shall be compensated five thousand dollars
($5,000) per month, effective April 1, 2015. The employment contract is &#8220;at-will&#8221; and may be terminated by either party
with or without cause with one (1) month&#8217;s written notice. No retirement plan, health insurance or employee benefits program
was awarded to Ms. Fortier and she serves at the direction of the Board of Directors.</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">From January 1, 2015 to March 11, 2015, we
sold $448,000 of our securities to certain accredited and non-accredited investors consisting of 896,000 shares of our common stock
at $0.50 per share, with a warrant, exercisable into an amount of our common stock equal to fifty percent (50%) of the common stock
purchased, at $1.00 per share. On March 11, this offering was terminated per the Company&#8217;s Board of Directors.</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">On January 12, 2015, debentures with a face
value of $40,000 were converted into 400,000 shares of common stock.</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">On January 14, 2015, the Company issued 1,508,000
shares of common stock to investors who had purchased the shares at $0.50 per share from September 15, 2014 to January 9, 2015.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">March 31, 2015<BR>
FINANCIAL STATEMENTS<BR>
(Unaudited)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.5in; text-indent: 0.5in">PAGE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Balance Sheets as of December 31, 2014 and March 31, 2015 (Unaudited)&#9;84</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Statements of Operations for the Quarters Ended March 31, 2015 and
2014 (Unaudited) &#9;85</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Statements of Cash Flows for the Quarters Ended March 31, 2015 and
2014 (Unaudited) &#9;86</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Notes to Financial Statements (Unaudited)&#9;87</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/10.5pt Times New Roman, Times, Serif; margin: 0.65pt 0 0; text-align: center"><FONT STYLE="letter-spacing: 0.35pt">MASSROOTS,
INC.</FONT></P>

<P STYLE="font: 10pt/10.5pt Times New Roman, Times, Serif; margin: 1.5pt 0 0; text-align: center"><FONT STYLE="letter-spacing: 0.35pt">BALANCE
SHEETS</FONT></P>

<P STYLE="font: 10pt/10.5pt Times New Roman, Times, Serif; margin: 1.5pt 0 1.15pt; text-align: center"><FONT STYLE="letter-spacing: 0.2pt">AS
OF MARCH 31, 2015 AND DECEMBER 31, 2014</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; width: 74%; padding-top: 25.5pt; padding-bottom: 0.25pt; padding-left: 2.1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">ASSETS</FONT></TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 11.1pt; padding-bottom: 1.45pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Mar 31, 2015</FONT></TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; padding-right: 0.5pt; padding-bottom: 1.45pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Dec 31, 2014</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 12.25pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(UNAUDITED)</FONT></TD>
    <TD STYLE="padding-right: 1pt; padding-bottom: 12.25pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(AUDITED)</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCEDFF">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-bottom: 0.7pt; padding-left: 1.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CURRENT ASSETS</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 0.25pt; padding-left: 5.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Cash</FONT></TD>
    <TD STYLE="padding-right: 0.1in; padding-bottom: 0.25pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$&#9;54,891</FONT></TD>
    <TD STYLE="padding-right: 1.95pt; padding-bottom: 0.25pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$&#9;141,928</FONT></TD></TR>
<TR>
    <TD STYLE="padding-bottom: 0.5pt; padding-left: 5.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Other receivables</FONT></TD>
    <TD STYLE="padding-right: 0.1in; padding-bottom: 0.5pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">23,913</FONT></TD>
    <TD STYLE="padding-right: 1.95pt; padding-bottom: 0.5pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">11,201</FONT></TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 1.45pt; padding-left: 5.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Prepaid expense</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.1in; padding-bottom: 0.5pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">748,938</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 1.95pt; padding-bottom: 0.5pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">130,797</FONT></TD></TR>
<TR>
    <TD STYLE="padding-bottom: 1.45pt; padding-left: 14.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">TOTAL CURRENT ASSETS</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.1in; padding-bottom: 0.7pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">827,742</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 1.95pt; padding-bottom: 0.7pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">283,926</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCEDFF">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-bottom: 0.5pt; padding-left: 1.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">FIXED ASSETS</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 0.7pt; padding-left: 5.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Computer and office equipment</FONT></TD>
    <TD STYLE="padding-right: 0.1in; padding-bottom: 0.7pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">26,085</FONT></TD>
    <TD STYLE="padding-right: 1.95pt; padding-bottom: 0.7pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">16,189</FONT></TD></TR>
<TR>
    <TD STYLE="padding-bottom: 1.7pt; padding-left: 5.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Accumulated depreciation</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.1in; padding-bottom: 0.7pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(3,124)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 1.95pt; padding-bottom: 0.7pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(2,027)</FONT></TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 1.7pt; padding-left: 14.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">NET FIXED ASSETS</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.1in; padding-bottom: 0.95pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">22,961</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 1.95pt; padding-bottom: 0.95pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">14,162</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 0.45pt; padding-left: 1.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">OTHER ASSETS</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-bottom: 0.7pt; padding-left: 5.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Prepaid expense</FONT></TD>
    <TD STYLE="padding-right: 0.1in; padding-bottom: 0.7pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">65,891</FONT></TD>
    <TD STYLE="padding-right: 1.95pt; padding-bottom: 0.7pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">65,891</FONT></TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 1.65pt; padding-left: 5.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Deposits</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.1in; padding-bottom: 0.95pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">35,702</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 1.95pt; padding-bottom: 0.95pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2,550</FONT></TD></TR>
<TR>
    <TD STYLE="padding-bottom: 1.95pt; padding-left: 1.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Total Other Assets</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.1in; padding-bottom: 1.2pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">101,593</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 1.95pt; padding-bottom: 1.2pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">68,441</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCEDFF">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-bottom: 2.85pt; padding-left: 1.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">TOTAL ASSETS</FONT></TD>
    <TD STYLE="border-bottom: black 4.5pt double; padding-top: 2.25pt; padding-right: 0.1in; padding-bottom: 1.15pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">952,296</FONT></TD>
    <TD STYLE="border-bottom: black 4.5pt double; padding-top: 2.25pt; padding-right: 1.95pt; padding-bottom: 1.15pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">366,529</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCEDFF">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-bottom: 0.7pt; padding-left: 1.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">LIABILITIES AND STOCKHOLDERS' EQUITY</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCEDFF">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-bottom: 0.45pt; padding-left: 1.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CURRENT LIABILITIES</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 0.7pt; padding-left: 5.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Accounts Payable</FONT></TD>
    <TD STYLE="padding-right: 0.1in; padding-bottom: 0.7pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">46,144</FONT></TD>
    <TD STYLE="padding-right: 1.95pt; padding-bottom: 0.7pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">25,842</FONT></TD></TR>
<TR>
    <TD STYLE="padding-bottom: 0.95pt; padding-left: 5.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Accrued expenses</FONT></TD>
    <TD STYLE="padding-right: 0.1in; padding-bottom: 0.95pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">21,275</FONT></TD>
    <TD STYLE="padding-right: 1.95pt; padding-bottom: 0.95pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">23,917</FONT></TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 0.45pt; padding-left: 5.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Accrued payroll tax</FONT></TD>
    <TD STYLE="padding-right: 0.1in; padding-bottom: 0.45pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">0</FONT></TD>
    <TD STYLE="padding-right: 1.95pt; padding-bottom: 0.45pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1,778</FONT></TD></TR>
<TR>
    <TD STYLE="padding-bottom: 1.4pt; padding-left: 5.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Derivative liabilities</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.1in; padding-bottom: 0.7pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1,226,383</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 1.95pt; padding-bottom: 0.7pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1,099,707</FONT></TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 1.65pt; padding-left: 1.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">TOTAL CURRENT LIABILITIES</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.1in; padding-bottom: 0.7pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1,293,802</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 1.95pt; padding-bottom: 0.7pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1,151,244</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 0.45pt; padding-left: 1.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">LONGTERM LIABILITY</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-bottom: 2.15pt; padding-left: 5.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Convertible debentures, net of $80,870 and $107,016 discount, respectively</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.1in; padding-bottom: 1.2pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">148,230</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 1.95pt; padding-bottom: 1.2pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">162,084</FONT></TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 1.4pt; padding-left: 14.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">TOTAL LIABILITIES</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.1in; padding-bottom: 0.7pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1,442,032</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 1.95pt; padding-bottom: 0.7pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1,313,328</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 0.45pt; padding-left: 1.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">STOCKHOLDERS' DEFICIT</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-bottom: 0.7pt; padding-left: 0.1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Common stock, $0.001 par value, 200,000,000 shares authorized&#894; 40,817,000 and 38,909,000 shares issued and outstanding, respectively</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 12.75pt; padding-right: 0.1in; padding-bottom: 0.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">40,817</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 12.75pt; padding-right: 1.95pt; padding-bottom: 0.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">38,909</FONT></TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 0.25pt; padding-left: 5.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Common stock to be issued</FONT></TD>
    <TD STYLE="padding-right: 0.1in; padding-bottom: 0.25pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">654</FONT></TD>
    <TD STYLE="padding-right: 1.95pt; padding-bottom: 0.25pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1,048</FONT></TD></TR>
<TR>
    <TD STYLE="padding-bottom: 0.45pt; padding-left: 5.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Additional paid in capital</FONT></TD>
    <TD STYLE="padding-right: 0.1in; padding-bottom: 0.5pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3,368,925</FONT></TD>
    <TD STYLE="padding-right: 1.95pt; padding-bottom: 0.5pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2,372,867</FONT></TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 0.7pt; padding-left: 5.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Common stock subscription receivable</FONT></TD>
    <TD STYLE="padding-right: 0.1in; padding-bottom: 0.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">10,000</FONT></TD>
    <TD STYLE="padding-right: 1.95pt; padding-bottom: 0.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">0</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/10.8pt Times New Roman, Times, Serif; margin: 0 0 0.2pt">Deficit accumulated through the development stage&#9;(3,910,132)&#9;(3,359,623)</P>

<P STYLE="font: 10pt/11.15pt Times New Roman, Times, Serif; margin: 0 0 13.65pt 0.2in; background-color: #CCEDFF">TOTAL STOCKHOLDERS'
DEFICIT&#9;(489,736)&#9;(946,799)</P>

<P STYLE="font: 10pt/10.75pt Times New Roman, Times, Serif; margin: 0 0 13.65pt; background-color: #CCEDFF; border-bottom: black 2.25pt solid">TOTAL
LIABILITIES AND STOCKHOLDERS' DEFICIT&#9;$&#9;952,296 $&#9;366,529</P>

<P STYLE="font: 10pt/10.5pt Times New Roman, Times, Serif; margin: 0 0 0.7pt; background-color: #CCEDFF"><FONT STYLE="letter-spacing: -0.05pt">The
accompanying notes are an integral part of these financial statements.</FONT></P>

<P STYLE="font: 10pt/12.35pt Times New Roman, Times, Serif; margin: 0; color: #0000ED"><FONT STYLE="letter-spacing: -0.05pt"><I>&nbsp;</I></FONT></P>


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<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0.9pt 0 0; text-align: center">MASSROOTS, INC.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 1pt 0 5.75pt; text-align: center"><FONT STYLE="letter-spacing: 0.15pt">STATEMENTS
OF OPERATIONS</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 7.05pt; padding-bottom: 13pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">FOR THE THREE </FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif">MONTHS ENDED </FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif">MARCH 31, </FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif">2015 (UNAUDITED)</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 7.05pt; padding-bottom: 13pt; padding-left: 0.25in; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">FOR THE THREE </FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif">MONTHS ENDED </FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif">MARCH 31, </FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif">2014 (UNAUDITED)</FONT></TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="width: 54%; padding-bottom: 0.25pt; padding-left: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">REVENUE</FONT></TD>
    <TD STYLE="width: 5%; padding-bottom: 0.25pt; padding-left: 24.7pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="width: 20%; padding-right: 27.55pt; padding-bottom: 0.25pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">941</FONT></TD>
    <TD STYLE="width: 4%; padding-bottom: 0.25pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="width: 17%; padding-right: 5.05pt; padding-bottom: 0.25pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">995</FONT></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="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 1.45pt; padding-left: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">COST OF GOODS SOLD</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 23.05pt; padding-bottom: 0.5pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">700</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.05pt; padding-bottom: 0.5pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">690</FONT></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="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 1.45pt; padding-left: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">GROSS PROFIT</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 23.05pt; padding-bottom: 0.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">241</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.05pt; padding-bottom: 0.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">305</FONT></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="background-color: #CCEDFF">
    <TD STYLE="border-bottom: black 1pt solid; padding-left: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">GENERAL AND ADMINISTRATIVE EXPENSES:</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-bottom: 0.3pt; padding-left: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Advertising</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="padding-right: 23.05pt; padding-bottom: 0.3pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">53,589</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="padding-right: 5.05pt; padding-bottom: 0.3pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">30,504</FONT></TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-left: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Depreciation</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="padding-right: 23.05pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1,097</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="padding-right: 5.05pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">233</FONT></TD></TR>
<TR>
    <TD STYLE="padding-bottom: 0.05pt; padding-left: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Independent contractor expense</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="padding-right: 23.05pt; padding-bottom: 0.05pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">65,989</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="padding-right: 5.05pt; padding-bottom: 0.05pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">22,067</FONT></TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 0.05pt; padding-left: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Legal expenses</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="padding-right: 23.05pt; padding-bottom: 0.05pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">15,925</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="padding-right: 5.05pt; padding-bottom: 0.05pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">9,200</FONT></TD></TR>
<TR>
    <TD STYLE="padding-bottom: 0.25pt; padding-left: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Payroll and related expense</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="padding-right: 23.05pt; padding-bottom: 0.25pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">162,930</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="padding-right: 5.05pt; padding-bottom: 0.25pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">32,908</FONT></TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 0.25pt; padding-left: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Common stock issued for services</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="padding-right: 23.05pt; padding-bottom: 0.25pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">113,712</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="padding-right: 9.55pt; padding-bottom: 0.25pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#8212;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-bottom: 0.5pt; padding-left: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Options issued for services</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="padding-right: 23.05pt; padding-bottom: 0.5pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">47,009</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="padding-right: 9.55pt; padding-bottom: 0.5pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#8212;</FONT></TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-left: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Warrants issued for services</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="padding-right: 23.05pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3,832</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="padding-right: 5.05pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">555,598</FONT></TD></TR>
<TR>
    <TD STYLE="padding-bottom: 1.45pt; padding-left: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Other general and administrative expenses</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 23.05pt; padding-bottom: 0.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">100,968</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.05pt; padding-bottom: 0.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">30,997</FONT></TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 0.7pt; padding-left: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Total General and administrative expenses</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 27.55pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">565,051</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.05pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">681,507</FONT></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="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 1.7pt; padding-left: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(LOSS) FROM OPERATIONS</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 23.05pt; padding-bottom: 1.1pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: red">(564,810)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.05pt; padding-bottom: 1.1pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: red">(681,202)</FONT></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="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 0.5pt; padding-left: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">OTHER INCOME (EXPENSE)</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-bottom: 0.5pt; padding-left: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Change in derivative liabilities</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="padding-right: 23.05pt; padding-bottom: 0.5pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">42,737</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="padding-right: 5.05pt; padding-bottom: 0.5pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">0</FONT></TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-left: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Interest expense</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="padding-right: 23.05pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: red">(2,290)</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="padding-right: 5.05pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">0</FONT></TD></TR>
<TR>
    <TD STYLE="padding-bottom: 1.45pt; padding-left: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Amortization of discount on notes payable</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 23.05pt; padding-bottom: 0.8pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: red">(26,146)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.05pt; padding-bottom: 0.85pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: red">(1,263)</FONT></TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 1.7pt; padding-left: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Total Other Income</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 27.55pt; padding-bottom: 0.75pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">14,301</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.05pt; padding-bottom: 0.9pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: red">(1,263)</FONT></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="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 1.7pt; padding-left: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">INCOME (LOSS) BEFORE INCOME TAXES</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 23.05pt; padding-bottom: 1.05pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: red">(550,509)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.05pt; padding-bottom: 1.05pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: red">(682,465)</FONT></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="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 0.5pt; padding-left: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">PROVISION FOR INCOME TAXES</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="padding-right: 27.55pt; padding-bottom: 0.5pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#8212;</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 2.9pt; padding-left: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">NET (LOSS)</FONT></TD>
    <TD STYLE="border-bottom: black 4.5pt double; padding-top: 1.6pt; padding-bottom: 1.25pt; padding-left: 24.7pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="border-bottom: black 4.5pt double; padding-right: 23.05pt; padding-bottom: 1.45pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(550,509)</FONT></TD>
    <TD STYLE="border-bottom: black 4.5pt double; padding-top: 1.6pt; padding-bottom: 1.25pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="border-bottom: black 4.5pt double; padding-right: 5.05pt; padding-bottom: 1.45pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(682,465)</FONT></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; background-color: #CCEDFF">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-bottom: 2.9pt; padding-left: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Basic and fully diluted net income (loss) per common share:</FONT></TD>
    <TD STYLE="border-bottom: black 4.5pt double; padding-top: 1.9pt; padding-bottom: 1.2pt; padding-left: 24.7pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="border-bottom: black 4.5pt double; padding-top: 1.6pt; padding-right: 23.05pt; padding-bottom: 1.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(0.01)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 4.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: black 4.5pt double; padding-top: 1.9pt; padding-right: 5.05pt; padding-bottom: 1.2pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">N/A</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCEDFF">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-bottom: 2.7pt; padding-left: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Weighted average common shares outstanding</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 4.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: black 4.5pt double; padding-top: 1.85pt; padding-right: 27.55pt; padding-bottom: 1.25pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">40,391,311</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 4.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: black 4.5pt double; padding-top: 1.85pt; padding-right: 5.05pt; padding-bottom: 1.25pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">N/A</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/1pt Times New Roman, Times, Serif; margin: 0 0 12.95pt">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0"><FONT STYLE="letter-spacing: -0.1pt">The accompanying
notes are an integral part of these financial statements.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD COLSPAN="3">
        <P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0.9pt 0 0; text-align: center">MASSROOTS, INC.</P>
        <P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 1pt 0 5.75pt; text-align: center"><FONT STYLE="letter-spacing: 0.15pt">STATEMENTS
        OF CASH FLOWS</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
<TR>
    <TD STYLE="width: 71%; padding-left: 0.35pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 15%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">FOR THE THREE MONTHS ENDED MARCH 31, 2015 (UNAUDITED)</FONT></TD>
    <TD STYLE="vertical-align: top; width: 14%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">FOR THE THREE MONTHS ENDED &nbsp;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">MARCH 31, 2014 (UNAUDITED)</FONT></TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">CASH FLOWS FROM OPERATING ACTIVITIES:</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-bottom: 0.25pt; padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Net (loss)</FONT></TD>
    <TD STYLE="padding-right: 8.85pt; padding-bottom: 0.25pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">$&#9;(550,509)</FONT></TD>
    <TD STYLE="padding-right: 4.5pt; padding-bottom: 0.25pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">$&#9;(682,465)</FONT></TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Adjustments to reconcile net (loss ) to net cash (used in )</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">operating activities:</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 0.05pt; padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Depreciation</FONT></TD>
    <TD STYLE="padding-right: 8.85pt; padding-bottom: 0.05pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">1,097</FONT></TD>
    <TD STYLE="padding-right: 4.5pt; padding-bottom: 0.05pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">233</FONT></TD></TR>
<TR>
    <TD STYLE="padding-bottom: 0.05pt; padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Preferred stock issued for services</FONT></TD>
    <TD STYLE="padding-right: 13.35pt; padding-bottom: 0.05pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#8212;</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 0.25pt; padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Common stock issued for services</FONT></TD>
    <TD STYLE="padding-right: 8.85pt; padding-bottom: 0.25pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">113,712</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-bottom: 0.25pt; padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Options issued for services</FONT></TD>
    <TD STYLE="padding-right: 8.85pt; padding-bottom: 0.25pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">47,009</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 0.5pt; padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Warrant issued for services</FONT></TD>
    <TD STYLE="padding-right: 8.85pt; padding-bottom: 0.5pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">3,832</FONT></TD>
    <TD STYLE="padding-right: 4.5pt; padding-bottom: 0.5pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">555,598</FONT></TD></TR>
<TR>
    <TD STYLE="padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Amortization of discount</FONT></TD>
    <TD STYLE="padding-right: 8.85pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">26,146</FONT></TD>
    <TD STYLE="padding-right: 4.5pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">1,263</FONT></TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Change in derivative liabilities</FONT></TD>
    <TD STYLE="padding-right: 8.85pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(42,737)</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-bottom: 0.3pt; padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Inputed Interest expense</FONT></TD>
    <TD STYLE="padding-right: 8.85pt; padding-bottom: 0.3pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">2,290</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Changes in operating assets and liabilities:</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-bottom: 0.5pt; padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Other receivables</FONT></TD>
    <TD STYLE="padding-right: 8.85pt; padding-bottom: 0.5pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(12,712)</FONT></TD>
    <TD STYLE="padding-right: 9pt; padding-bottom: 0.5pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#8212;</FONT></TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 0.05pt; padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Prepaid expense</FONT></TD>
    <TD STYLE="padding-right: 8.85pt; padding-bottom: 0.05pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(14,283)</FONT></TD>
    <TD STYLE="padding-right: 4.5pt; padding-bottom: 0.05pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(400)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Deposit</FONT></TD>
    <TD STYLE="padding-right: 8.85pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(33,152)</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 0.25pt; padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Accounts payable and other liabilities</FONT></TD>
    <TD STYLE="padding-right: 8.85pt; padding-bottom: 0.25pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">51,944</FONT></TD>
    <TD STYLE="padding-right: 4.5pt; padding-bottom: 0.25pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">5,046</FONT></TD></TR>
<TR>
    <TD STYLE="padding-bottom: 1pt; padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Accrued payroll tax</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 8.85pt; padding-bottom: 0.4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(1,778)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 4.5pt; padding-bottom: 0.4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(1,846)</FONT></TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 0.25pt; padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Net Cash (Used in) Operating Activities</FONT></TD>
    <TD STYLE="padding-right: 8.85pt; padding-bottom: 0.25pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(409,141)</FONT></TD>
    <TD STYLE="padding-right: 4.5pt; padding-bottom: 0.25pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(122,571)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">CASH FLOWS FROM INVESTING ACTIVITIES:</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-bottom: 1.45pt; padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Payments for equipment</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 8.85pt; padding-bottom: 0.85pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(9,896)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 4.5pt; padding-bottom: 0.85pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(6,231)</FONT></TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 0.05pt; padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Net Cash (Used in) Investing Activities</FONT></TD>
    <TD STYLE="padding-right: 8.85pt; padding-bottom: 0.05pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(9,896)</FONT></TD>
    <TD STYLE="padding-right: 4.5pt; padding-bottom: 0.05pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(6,231)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">CASH FLOWS FROM FINANCING ACTIVITIES</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-bottom: 0.5pt; padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Issuance of convertible debentures for cash</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="padding-right: 4.5pt; padding-bottom: 0.5pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">181,500</FONT></TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Issuance of common stock for cash</FONT></TD>
    <TD STYLE="padding-right: 8.85pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">332,000</FONT></TD>
    <TD STYLE="padding-right: 4.5pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">193,700</FONT></TD></TR>
<TR>
    <TD STYLE="padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Net Cash Provided by Financing Activities</FONT></TD>
    <TD STYLE="padding-right: 8.85pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">332,000</FONT></TD>
    <TD STYLE="padding-right: 4.5pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">375,200</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCEDFF">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-bottom: 0.25pt; padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">NET INCREASE IN CASH</FONT></TD>
    <TD STYLE="padding-right: 8.85pt; padding-bottom: 0.25pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(87,037)</FONT></TD>
    <TD STYLE="padding-right: 4.5pt; padding-bottom: 0.25pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">246,398</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCEDFF">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">CASH AT BEGINNING OF PERIOD</FONT></TD>
    <TD STYLE="padding-right: 8.85pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">141,928</FONT></TD>
    <TD STYLE="padding-right: 4.5pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">80,479</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCEDFF">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-bottom: 2.9pt; padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">CASH AT END OF PERIOD</FONT></TD>
    <TD STYLE="border-bottom: black 4.5pt double; padding-right: 8.85pt; padding-bottom: 1.25pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">$&#9;54,891</FONT></TD>
    <TD STYLE="border-bottom: black 4.5pt double; padding-right: 4.5pt; padding-bottom: 1.25pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">$&#9;326,877</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCEDFF">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 0.05pt; padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">NON-CASH FINANCING ACTIVITIES</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; letter-spacing: -0.1pt">Repayment of short term borrowing - related party through issuance of preferred stock</FONT></TD>
    <TD STYLE="padding-right: 8.85pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD>
    <TD STYLE="padding-right: 4.5pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">$&#9;555,598</FONT></TD></TR>
<TR STYLE="background-color: #CCEDFF">
    <TD STYLE="padding-bottom: 0.25pt; padding-left: 0.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Warrants/Common stock/Option issued for services</FONT></TD>
    <TD STYLE="padding-right: 8.85pt; padding-bottom: 0.25pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">$&#9;603,858</FONT></TD>
    <TD STYLE="padding-right: 4.5pt; padding-bottom: 0.25pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/1pt Times New Roman, Times, Serif; margin: 0 0 11.6pt">&nbsp;</P>

<P STYLE="font: 10pt/12.6pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">The accompanying notes
are an integral part of these financial statements.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0"><FONT STYLE="letter-spacing: -0.1pt">MassRoots, Inc.
</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0"><FONT STYLE="letter-spacing: -0.1pt">Notes to Financial
Statements (Unaudited)</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0"><FONT STYLE="letter-spacing: -0.1pt">March 31, 2015
</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 1&#9;<U>SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">MassRoots, Inc. (the &#8220;Company&#8221;)
is a social network for the cannabis community. Through its mobile applications, systems and websites, MassRoots enables people
to share their cannabis-related content and for businesses to connect with those consumers. The Company was incorporated in the
State of Delaware on April 24, 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: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The Company&#8217;s primary focus during
the first quarter of 2015 was increasing our userbase from around 200,000 to 275,000 users, returning to the iOS App Store and
developing additional features to expand the reach and utility of its network.</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 0 0 1in; text-align: justify">The Company has not focused on generating
revenue to date. However, the primary source of revenue generated to date is advertising from businesses, brands and non-profits.
Its secondary source of income is merchandise sales.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><U>Basis of Presentation</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The unaudited financial statements
include the accounts of MassRoots, Inc. under the accrual basis of accounting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><U>Management&#8217;s Use of Estimates</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The preparation of unaudited financial
statements in conformity with accounting principles generally accepted in the United States of America requires management to make
estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. The
unaudited financial statements above reflect all of the costs of doing business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11pt 0 0 1in; text-align: justify"><U>Deferred Taxes</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The Company accounts for income taxes
under Section 740-10-30 of the FASB Accounting Standards Codification. Deferred income tax assets and liabilities are determined
based upon differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted
tax rates and laws that will be in effect when 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 statements of operations in the period that includes the enactment date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><U>Cash and Cash Equivalents</U> -
For purposes of the Statement of Cash Flows, the Company considers highly liquid investments with an original maturity of three
months or less to be cash equivalents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><U>Revenue Recognition</U> &#8211;
The Company applies paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The Company recognizes
revenue when services are realized or realizable and earned less estimated future doubtful accounts. The Company considers revenue
realized or realizable and earned when all of the following criteria are met:</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD STYLE="text-align: justify">persuasive evidence of an arrangement exists,</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD STYLE="text-align: justify">the services have been rendered and all required milestones achieved,</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD STYLE="text-align: justify">the sales price is fixed or determinable, and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iv)</TD><TD STYLE="text-align: justify">Collectability is reasonably assured.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">MassRoots primarily generates revenue
by charging businesses to advertise on the network. MassRoots has the ability to target advertisements directly to a clients&#8217;
target audience, based on their location, on their mobile devices. All advertising services take between a few hours to up to one
month to complete, unless otherwise noted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">MassRoots&#8217; secondary source of
income is merchandise sales. The objective with the sales is not to generate large profit margins, but to help offset the cost
of marketing. Each t-shirt, sticker and jar MassRoots sells will likely lead to more downloads and active users.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><U>Cost of Sales&nbsp;</U>- The Company&#8217;s
policy is to recognize cost of sales in the same manner in conjunction with revenue recognition, when the costs are incurred. Cost
of sales includes the costs directly attributable to revenue recognition. Selling, general and administrative expenses are charged
to expense as incurred.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><U>Comprehensive Income (Loss)</U>
- The Company reports comprehensive income and its components following guidance set forth by section 220-10 of the FASB Accounting
Standards Codification which establishes standards for the reporting and display of comprehensive income and its components in
the financial statements. There were no items of comprehensive income (loss) applicable to the Company during the periods covered
in the financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><U>Loss Per Share</U><B> - </B>Net
loss per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net loss per
share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period.
Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially
outstanding shares of common stock during each period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify"><FONT STYLE="font-size: 10pt"><U>Risk
and Uncertainties </U>-</FONT> <FONT STYLE="font-size: 10pt">The Company is subject to risks common to emerging companies in the
technology and cannabis industries, including, but not limited to, the uncertain governmental regulation of cannabis, the development
of new technological innovations, potential lack of funding needed to reach our business goals and dependence on key personnel.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><U>Convertible Debentures</U> - If
the conversion features of conventional convertible debt provides for a rate of conversion that is below market value at issuance,
this feature is characterized as a beneficial conversion feature (&#8220;BCF&#8221;). A BCF is recorded by the Company as a debt
discount pursuant to ASC Topic 470-20 &#8220;Debt with Conversion and Other Options.&#8221; In those circumstances, the convertible
debt is recorded net of the discount related to the BCF, and the Company amortizes the discount to interest expense, over the life
of the debt using the effective interest method.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><U>Stock-Based Compensation</U>- The
Company accounts for stock-based compensation using the fair value method following the guidance set forth in section 718-10 of
the FASB Accounting Standards Codification for disclosure about Stock-Based Compensation. This section requires a public entity
to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value
of the award (with limited exceptions). That cost will be recognized over the period during which an employee is required to provide
service in exchange for the award- the requisite service period (usually the vesting period). No compensation cost is recognized
for equity instruments for which employees do not render the requisite service.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><U>Fair Value for Financial Assets
and Financial Liabilities-</U> The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures
about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (&#8220;Paragraph
820-10-35-37&#8221;) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for
measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures
about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph
820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value
into three broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for
identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined
by Paragraph 820-10-35-37 are described below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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; background-color: #CCFFCC">
    <TD STYLE="width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Level 1</FONT></TD>
    <TD STYLE="width: 86%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.</FONT></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; background-color: #CCFFCC">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Level 2</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.</FONT></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; background-color: #CCFFCC">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Level 3</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Pricing inputs that are generally observable inputs and not corroborated by market data.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The carrying amounts of the Company&#8217;s
financial assets and liabilities, such as cash, prepaid expense and accrued payroll tax approximate their fair values because of
the short maturity of these instruments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The derivative liabilities are stated
at their fair value as a Level 3 measurement. The Company used a Black-Scholes model to determine the fair values of these derivative
liabilities. See Note 4 for the Company&#8217;s assumptions used in determining the fair value of these financial instruments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><U>Embedded Conversion Features</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The Company evaluates embedded conversion
features within convertible debt under ASC 815 &#8220;Derivatives and Hedging&#8221; 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</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">ASC 470-20 &#8220;Debt with Conversion
and Other Options&#8221; for consideration of any beneficial conversion feature.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><U>Derivative Financial Instruments</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; 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: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; 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: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><U>Beneficial Conversion Feature</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; 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: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; 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: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><U>Recent Accounting Pronouncements
</U></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">In June 2014, the FASB issued ASU 2014-10,
Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. ASU 2014-10 eliminates the distinction
of a development stage entity and certain related disclosure requirements, including the elimination of inception-to-date information
on the statements of operations, cash flows and stockholders' equity. The amendments in ASU 2014-10 will be effective prospectively
for annual reporting periods beginning after December 15, 2014, and interim periods within those annual periods, however early
adoption is permitted for financial statements not yet issued. The Company adopted ASU 2014-10 during the fourth quarter of 2014,
thereby no longer presenting or disclosing any information required by Topic 915. The Company has reviewed all recently issued,
but not yet effective, accounting pronouncements up to ASU 2015-08, and does not believe the future adoption of any such pronouncements
may be expected to cause a material impact on its financial condition or the results of its operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 76.55pt; text-align: justify; text-indent: -76.45pt">NOTE 2&#9;<U>FIXED
ASSETS</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Fixed assets were comprised of the
following as of March 31, 2015, December 31, 2014 and December 31, 2013, respectively. Depreciation is calculated using the straight-line
method over a 5 year period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</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="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>March 31, 2015</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>December 31, 2014</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>December 31, 2013</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Cost:</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 6.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 6.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 6.4pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: bottom; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Computers</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 6.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">17,347</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 6.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">12,134</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 6.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1,522</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Office equipment</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 6.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">8,738</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 6.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4,055</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 6.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">0</FONT></TD></TR>
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: bottom; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Total</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 6.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">26,085</FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; padding-right: 6.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">16,189</FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; padding-right: 6.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1,522</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Less: Accumulated depreciation</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 6.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3,124</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 6.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2,027</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 6.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">228</FONT></TD></TR>
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: bottom; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Property and equipment, net</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 6.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,961</FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 6.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">14,162</FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 6.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1,294</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 6.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 6.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 6.4pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 1px">&nbsp;</TD>
    <TD STYLE="width: 93px">&nbsp;</TD>
    <TD STYLE="width: 1px">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt 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">NOTE 3&nbsp;&nbsp;&#9;<U>PREPAID EXPENSE</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">During the first quarter 2015, the
Company issued 430,000 shares of its common stock, 100,000 warrants and 1,065,000 options in exchange for services, valued at $782,695.
The $782,695 is being charged to operations over a one-year term.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">On June 4, 2014, the Company issued
a total of 850,000 shares of its common stock and 2,050,000 options in exchange for consulting services, valued at $286,818. The
$286,818 is being charged to operations over a three-year term.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Consulting fees charged to operations
during the three months ended March 31, 2015 and March 31, 2014 was $23,904 and $0, respectively. The unamortized balance at March
31, 2015 and at December 31, 2014 was $814,829, and $196,688, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/11.5pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">NOTE 4 &#9;<U>DERIVATIVE LIABILITIES</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The Company identified conversion features
embedded within convertible debt and warrants issued in the first quarter 2015 and in 2014, and the Company also identified derivative
liabilities embedded within warrants detachable with subscription agreement. 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: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; 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:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</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="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 STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Warrants with convertible Debt</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">Warrants with subscription agreement</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">Warrants issued for services</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: justify; border-bottom: Black 1pt solid">Total</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 40%; text-align: justify; padding-left: 5.4pt">&nbsp;Fair value at the commitment date</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">87,189</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">259,278</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">&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">346,467</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt; padding-left: 5.4pt">&nbsp;Fair value mark to market adjustment</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">429,948</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">323,293</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">753,241</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: justify; padding-bottom: 2.5pt; padding-left: 5.4pt">Balances as of December 31, 2014</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">517,137</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">582,571</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">&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">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">1,099,708</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: justify; padding-left: 5.4pt">Fair value at the commitment date-in the first quarter of 2015</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">125,708</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">43,704</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">169,412</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-bottom: 1pt; padding-left: 5.4pt">Fair value mark to market adjustment</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">(24,677</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">(17,841</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">(219</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">(42,737</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 2.5pt; padding-left: 5.4pt">Balances as of March 31, 2015</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">618,168</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">564,730</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">43,485</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">1,226,383</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: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The fair value at the commitment and
re-measurement dates for the Company&#8217;s derivative liabilities were based upon the following management assumptions as of
March 31, 2015:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; 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: bottom">
    <TD STYLE="width: 36%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 30%; text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><U>&nbsp;Commitment Date&nbsp;</U></B></FONT></TD>
    <TD STYLE="width: 34%; text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><U>&nbsp;Remeasurement Date&nbsp;</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;Expected dividends&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">0%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">0%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;Expected volatility&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">150%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">150%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;Expected term&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp; 3 years&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;1.98 &#8211; 2.92 years&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;Risk free interest rate&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;0.75% - 1.1%&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">0.89%&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 5 &#9;<U>DEBT DISCOUNT</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -9pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The Company recorded the $174,378 debt
discount due to beneficial conversion feature of $87,189 for the detachable warrants issued with convertible debt, and $87,189
in derivative liabilities related to the ratchet feature warrants.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The debt discount was recorded in 2014
and pertains to convertible debt and warrants issued that contain ratchet features that are required to be bifurcated and reported
at fair value.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Debt discount is summarized as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="width: 53%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 22%; padding-right: 5.4pt; padding-left: 5.4pt; text-decoration: underline; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>March 31, 2015</U></FONT></TD>
    <TD NOWRAP STYLE="width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; text-decoration: underline; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>December 31, 2014</U></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Deb discount on notes payable</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">107,016 </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">174,379 </FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Accumulated amortization</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-decoration: underline; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: red"><U>(26,146)</U></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-decoration: underline; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: red"><U>(67,363)</U></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Debt discount on notes payable, net</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">$80,870 </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">$107,016 </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">&nbsp;</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="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Amortization of debt discount on notes payable for the three
months ended March 31, 2015 and March 31, 2014 was $26,146 and $1,263, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; color: #222222">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; color: #222222">NOTE
6 &#9;<U>CONVERTIBLE DEBENTURES</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; color: #222222">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">On March 24, 2014, the Company issued
several convertible debentures to certain accredited investors. The total amount of the debentures is $269,100 and matures on March
24, 2016 with a zero percent interest rate. The debentures are convertible into shares of the Company&#8217;s common stock at $0.10
per share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The debentures were discounted in the
amount of $174,378 due to the intrinsic value of the beneficial conversion option and relative derivative liabilities of the warrants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">On January 7, 2015, one holder of a
convertible debenture converted $40,000 principal to 400,000 shares of common stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">As of March 31, 2015, the aggregate
carrying value of the debentures was $148,230 net of debt discounts of $80,870, while as of December 31, 2014, the aggregate carrying
value of the debentures was $162,084 net of debt discounts of $107,016.</P>

<P STYLE="font: 10pt 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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 7&#9;<U>CAPITAL STOCK</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The Company is currently authorized
to issue 21 Series A preferred shares at $1.00 par value per share with 1:1 conversion and voting rights. As of March 31, 2015,
there were zero shares of Series A preferred shares issued and outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The Company is currently authorized
to issue 200,000,000 shares of its common stock at $0.001 par value per share. As of March 31, 2015, there were 40,817,000 shares
of common stock issued and outstanding and 654,000 shares of common stock to be issued.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">On March 18, 2014, the Company entered
into a Plan of Reorganization with its shareholders in which the following was effected: (i) on March 21, 2014, the Company&#8217;s
Certificate of Incorporation was amended to allow for the authorization of 200,000,000 shares of the Company&#8217;s common stock;
(ii) on March 24, 2014, each of the Company&#8217;s preferred shareholders converted their shares into common stock on a one for
one basis; and (iii) on March 24, 2014, each of the Company&#8217;s shareholders surrendered their shares of the Company&#8217;s
common stock in exchange for the pro-rata distribution of 36,000,000 newly issued shares of Company&#8217;s common stock, based
on the percentage of the total shares of common stock held by the shareholder immediately prior to the exchange (the &#8220;Exchange&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 1in">On January 1, 2014,
the directors and officers exercised all of then outstanding 72.06 stock options and acquired 72.06 shares of common stock at $1
per share. These 72.06 shares of common stock were exchanged for 21,954,160 shares of common stock during the Exchange.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">On March 18, 2014, immediately prior
to the exchange, the Company converted $4,358 accrued dividends from Series A preferred shares into 0.513 shares of common stock,
which was exchanged for 156,293 shares of common stock during the Exchange.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">On March 24, 2014, the Company issued
2,059,000 shares of common stock in exchange for $205,900 cash.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">On June 4, 2014, the Company issued
250,000 shares of common stock to Vincent &#8220;Tripp&#8221; Keber valued at $0.10 per share in exchange for his services on the
Company&#8217;s Board of Directors for three years under the 2014 Equity Incentive Plan (&#8220;2014 Plan&#8221;). These shares
had a fair market value of $25,000, of which $2,055 was amortized during the quarter ended March 31, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">On June 4, 2014, the Company issued
250,000 shares of common stock under the 2014 Plan to Ean Seeb valued at $0.10 per share in exchange for his services on the Company&#8217;s
Board of Directors for three years. These shares had a fair market value of $25,000, of which $2,055 was amortized during the quarter
ended March 31, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">On June 4, 2014, the Company issued
250,000 shares of common stock under the 2014 Plan to Sebastian Stant valued at $0.10 per share in exchange for his services as
the Company&#8217;s Lead Web Developer for one year. These shares had a fair market value of $25,000, of which $6,164 was amortized
during the quarter ended March 31, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">On May 1, 2014, the Company issued
100,000 shares of common stock under the 2014 Plan to Jesus Quintero valued at $0.10 per share in exchange for his services as
the Company&#8217;s Chief Financial Officer for one year. These shares had a fair market value of $10,000, of which $2,466 was
amortized during the quarter ended March 31, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">On January 7, 2015, the Company issued
400,000 shares of common stock by conversion of convertible debentures issued in March 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">From September 15, 2014 to March 11,
2015, we completed an offering of $866,000 of our securities to certain accredited and non-accredited investors consisting of 1,732,000
shares of our common stock at $0.50 per share. As of March 31, 2015, 1,508,000 shares of common stock had been issued. The remaining
224,000 shares have not been issued as of March 31, 2015 and were recorded as common stock to be issued.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 68.65pt; text-align: justify">On March 3, 2015, MassRoots entered
into an investment banking relationship with Chardan Capital Markets, LLC. Under the terms of the agreement, MassRoots shall pay
Chardan a non-refundable retainer of 200,000 common shares and pay a commission equal to: (a) an aggregate cash fee equal to four
percent (4%) of the gross proceeds received from the sale of common stock; and (b) an aggregate restricted stock fee equal to eight
percent (8.0%) of the aggregate number of shares of common stock sold in the offering. These shares had not been issued as of March
31, 2015 and were recorded as common stock to be issued.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 68.65pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 68.65pt; text-align: justify">From January 1 to March 31, 2015,
the Company issued 230,000 share of common stock to five employees and consultants under our 2014 Employee Stock Option Program.
These shares had not been issued as of March 31, 2015 and were recorded as common stock to be issued.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">From January 1 to March 31, 2015, the
Company issued 1,048,000 share of common stock that was accounted for as common stock to be issued as of December 31, 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; color: #222222">NOTE
8 &#9;<U>STOCK WARRANTS</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; color: #222222; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">On March 24, 2014, the Company issued
warrants to a third party for the purchase of 4,050,000 and 2,375,000 shares of common stock, at an exercise price of $0.001 and</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">$0.40 per share, respectively. The
warrants may be exercised any time after issuance through and including the third (3<SUP>rd</SUP>) anniversary of its original
issuance. The Company recorded an expense of $555,598 equal to the estimated fair value of the warrants at the date of grants.
The fair market value was calculated using the Black-Scholes options pricing model, assuming approximately 0.75% risk-free interest,
0% dividend yield, 150% volatility, and expected life of 3 years</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">On March 24, 2014, in connection to
the issuance of convertible debentures of $269,100 to certain investors, which are convertible into shares of the Company&#8217;s
common stock at $0.10 per share, the Company granted to the same investors three&#8722;year warrants to purchase an aggregate of
up to 1,345,500 shares of the Company&#8217;s common stock at $0.4 per share. The warrants may be exercised any time after the
issuance through and including the third (3<SUP>rd</SUP>) anniversary of its original issuance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">On March 24, 2014, in connection to
the issuance of 2,059,000 shares of common stock, the Company granted to the same investors three&#8722;year warrants to purchase
an aggregate of 1,029,500 shares of the Company&#8217;s common stock at $0.4 per share. The warrants may be exercised any time
after the issuance through and including the third (3<SUP>rd</SUP>) anniversary of its original issuance. The warrants have a fair
market value of $66,712. The fair market value was calculated using the Black-Scholes options pricing model, assuming approximately
0.75% risk-free interest, 0% dividend yield, 150% volatility, and expected life of 3 years. See Note 4 for further discussion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">During the four months ended December
31, 2014, in connection to the sale of 1,048,000 shares of common stock, the Company granted to the same investors three&#8722;year
warrants to purchase an aggregate of 524,000 shares of the Company&#8217;s common stock at $1.00 per share. The warrants may be
exercised any time after the issuance through and including the third (3<SUP>rd</SUP>) anniversary of its original issuance. The
warrants have a fair market value of <B>$</B>42,650. The fair market value was calculated using the Black-Scholes options pricing
model, assuming approximately 1% risk-free interest, 0% dividend yield, 150% volatility, and expected life of 3 years. See Note
4 for further discussion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">During the three months ended March
31, 2015, in connection to the sale of 684,000 shares of common stock, the Company granted to the same investors three&#8722;year
warrants to purchase an aggregate of 342,000 shares of the Company&#8217;s common stock at $1.00 per share. The warrants may be
exercised any time after the issuance through and including the third (3<SUP>rd</SUP>) anniversary of its original issuance. The
warrants have a fair market value of $125,708. The fair market value was calculated using the Black-Scholes options pricing model,
assuming approximately 1% risk-free interest, 0% dividend yield, 150% volatility, and expected life of 3 years. See Note 4 for
further discussion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><FONT STYLE="font-size: 10pt">On February
27, 2015, , the Company sold warrants for a nominal amount to purchase 100,000 shares of common stock at $0.50 per share to certain
service providers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Stock warrants outstanding and exercisable
on March 31, 2015 are as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 6%; padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 26%; border-bottom: Black 1pt solid; padding-left: 1.85pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Exercise Price per Share</FONT></TD>
    <TD STYLE="width: 2%; border-bottom: Black 1pt solid; padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 35%; border-bottom: Black 1pt solid; padding-left: 11.3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Shares Under Warrants</FONT></TD>
    <TD STYLE="width: 29%; border-bottom: Black 1pt solid; padding-left: 15.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Remaining Life in Years</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Outstanding</FONT></TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #DAEEF3">
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$0.001</FONT></TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4,050,000</FONT></TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$0.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4,750,000</FONT></TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #DAEEF3">
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$0.5</FONT></TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">100,000</FONT></TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$1</FONT></TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">866,000</FONT></TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Exercisable</FONT></TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #DAEEF3">
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$0.001</FONT></TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4,050,000</FONT></TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$0.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4,750,000</FONT></TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #DAEEF3">
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$0.5</FONT></TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">100,000</FONT></TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$1</FONT></TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">866,000</FONT></TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">No other stock warrants have been issued
or exercised during the three months ended March 31, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; color: #222222">NOTE
9 &#9;<U>EMPLOYEE STOCK OPTION PROGRAM</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">In June&nbsp;2014, our shareholders
approved our 2014 Equity Incentive Plan (&#8220;2014 Plan&#8221;), which provides for the grant of incentive stock options to our
employees and our parent and subsidiary corporations' employees, and for the grant of nonstatutory stock options, stock bonus awards,
restricted stock awards, performance stock awards and other forms of stock compensation to our employees, including officers, consultants
and directors. A total of 4 million shares of common stock are reserved for issuance under our 2014 Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">On June 4, 2014, the Company granted
options to purchase 750,000 shares at $0.10 per share to Vincent &#8220;Tripp&#8221; Keber for his services on the Company&#8217;s
Board of Directors for 3 years. Under the terms of the grant, 250,000 shares shall begin vesting on October 1, 2014 such that 20,833
shares shall vest on the first of every month except for every three months, when 20,834 shares shall vest. An additional 250,000
shares shall begin vesting the later of: October 1, 2015 or the Company reaching 830,000 users such that 20,833 shares shall vest
on the first of every month except for every three months, when 20,834 shares shall vest. An additional 250,000 shares shall vest
immediately upon the later of: October 1, 2016 or the Company reaching 1,080,000 users. These options were issued in exchange for
his services on the Company&#8217;s Board of Directors for 3 years. The options may be exercised any time after the issuance through
and including the tenth (10<SUP>th</SUP>) anniversary of its original issuance. The options have a fair market value of $73,836.
The fair market value was calculated using the Black-Scholes options pricing model, assuming approximately 2.61% risk-free interest,
0% dividend yield, 150% volatility, and expected life of 10 years. During the quarter ended March 31, 2015, $6,069 was amortized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">On June 4, 2014, the Company granted
options to purchase 750,000 shares at $0.10 per share to Ean Seeb for his services on the Company&#8217;s Board of Directors for
3 years. Under the terms of the grant, 250,000 shares shall begin vesting on October 1, 2014 such that 20,833 shares vest on the
first of every month except for every three months, when 20,834 shares shall vest. An additional 250,000 shares shall begin vesting
the later of: October 1, 2015 or the Company reaching 830,000 users such that 20,833 shares shall</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">vest on the first of every month except
for every three months, when 20,834 shares shall vest. An additional 250,000 shares shall vest immediately upon the later of: October
1, 2016 or the Company reaching 1,080,000 users. These options were issued in exchange for his services on the Company&#8217;s
Board of Directors for 3 years. The options may be exercised any time after the issuance through and including the tenth (10<SUP>th</SUP>)
anniversary of its original issuance. The options have a fair market value of $73,836. The fair market value was calculated using
the Black-Scholes options pricing model, assuming approximately 2.61% risk-free interest, 0% dividend yield, 150% volatility, and
expected life of 10 years. During the quarter ended March 31, 2015, $6,069 was amortized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">On June 4, 2014, the Company granted
options to purchase 550,000 shares at $0.10 per share to Sebastian Stant for his services as the Company&#8217;s Lead Web Developer
for 1 year. Under the terms of the grant, 250,000 shares shall vest immediately upon the Company reaching 250,000 users. An additional
150,000 shares shall vest immediately upon the Company reaching 500,000 users. An additional 150,000 shares shall vest immediately
upon the Company reaching 750,000 users. The options were issued in exchange for his services as the Company&#8217;s Lead Web Developer
for 1 year. The options may be exercised any time after the issuance through and including the tenth (10<SUP>th</SUP>) anniversary
of its original issuance. The options have a fair market value of $54,146. The fair market value was calculated using the Black-Scholes
options pricing model, assuming approximately 2.61% risk-free interest, 0% dividend yield, 150% volatility, and expected life of
10 years. During the quarter ended March 31, 2015, $6,164 was amortized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 68.65pt; text-align: justify">On March 9, 2015, Sebastian Stant
resigned his position as Lead Developer of MassRoots and surrendered 350,000 options with a strike price of $0.10 back to the 2014
Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 68.65pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 68.65pt; text-align: justify">From January 1 to March 31, 2015,
the Company granted 230,000 shares and options to purchase 1,065,000 shares at $0.50 per share to 20 employees and consultants
of the Company, with most vesting monthly over the course of one year. The fair market value of the options are $523,991.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="6">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Stock options outstanding and exercisable
        on March 31, 2015 are as follows:</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 10%; padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 25%; padding-left: 6.35pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Exercise Price per Share</FONT></TD>
    <TD STYLE="width: 2%; padding-left: 6.35pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 33%; padding-left: 6.35pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Shares Under Options</FONT></TD>
    <TD STYLE="width: 2%; padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 28%; padding-left: 10.7pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Remaining Life in Years</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Outstanding</FONT></TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #DAEEF3">
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$0.10</FONT></TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1,750,000</FONT></TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">10</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$0.50</FONT></TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1,065,000</FONT></TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">10</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Exercisable</FONT></TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #DAEEF3">
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$0.10</FONT></TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">583,382</FONT></TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">10</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$0.50</FONT></TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">332,495</FONT></TD>
    <TD STYLE="padding-left: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">10</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">No other stock options have been issued
or exercised during the three months ended March 31, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; color: #222222">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 10&#9;<U>GOING CONCERN AND UNCERTAINTY</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The Company has suffered losses from
operations since inception. In addition, the Company has yet to generate an internal cash flow from its business operations. These</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">factors raise substantial doubt as
to the ability of the Company to continue as a going concern.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Management&#8217;s plans with regard
to these matters encompass the following actions: 1) obtain funding from new investors to alleviate the Company&#8217;s working
deficiency, and 2) implement a plan to generate sales. The Company&#8217;s continued existence is dependent upon its ability to
translate its vast user base into sales. However, the outcome of management&#8217;s plans cannot be ascertained with any degree
of certainty. The accompanying financial statements do not include any adjustments that might result from the outcome of these
risks and uncertainties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">NOTE 11 &#9;<U>SIGNIFICANT EVENTS</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 68.65pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 68.65pt; text-align: justify">On January 1, 2015, MassRoots amended
its employment contract with Tyler Knight. For his services as Chief Marketing Officer, Mr. Knight shall be compensated five thousand
dollars ($5,000) per month. The employment contract is &#8220;at-will&#8221; and may be terminated by the Company or Mr. Knight
with or without cause with one (1) month&#8217;s written notice. No retirement plan, health insurance or employee benefits program
was awarded to Mr. Knight and he serves at the direction of the Chief Executive Officer and Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 68.65pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 68.65pt; text-align: justify">On March 3, 2015, MassRoots entered
into an investment banking relationship with Chardan Capital Markets, LLC. Under the terms of the agreement, MassRoots shall pay
Chardan a non-refundable retainer of 200,000 common shares and pay a commission equal to: (a) an aggregate cash fee equal to four
percent (4%) of the gross proceeds received from the sale of the Stock; and (b) an aggregate restricted stock fee equal to eight
percent (8.0%) of the aggregate number of shares of Stock sold in the offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 68.65pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 68.65pt; text-align: justify">On March 9, 2015, Sebastian Stant
resigned his position as Lead Developer of MassRoots and surrendered 350,000 options with a strike price of $0.10 back to the 2014
Employee Incentive Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 68.65pt; text-align: justify">On March 9, 2015 MassRoots entered
into an employment contract with Alan Janis. For his services as Director of Technology, Mr. Janis shall be compensated one hundred
thirty thousand dollars ($130,000) per year. The employment contract is &#8220;at-will&#8221; and may be terminated by Company
or Mr. Janis with or without cause with one (1) month&#8217;s written notice. No retirement plan, health insurance or employee
benefits program was awarded to Mr. Janis and he serves at the discretion of the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 68.65pt; text-align: justify">On March 31, 2015, MassRoots amended
its employment contract with Isaac Dietrich. For his services as Chief Executive Officer, Mr. Dietrich shall be compensated seven
thousand five hundred dollars ($7,500) per month, effective April 1, 2015. The employment contract is &#8220;at-will&#8221; and
may be terminated by Company or Mr. Dietrich with or without cause with one (1) month&#8217;s written notice. No retirement plan,
health insurance or employee benefits program was awarded to Mr. Dietrich and he serves at the direction of the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 68.65pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 68.65pt; text-align: justify">On March 31, 2015, MassRoots amended
its employment contract with Hyler Fortier. For her services as Chief Operating Officer, Ms. Fortier shall be compensated five
thousand dollars ($5,000) per month, effective April 1, 2015. The employment contract is &#8220;at-will&#8221; and may be terminated
by the Company or Ms. Fortier with or without cause with one (1) month&#8217;s written notice. No retirement plan, health insurance
or employee benefits</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 68.65pt; text-align: justify">program was awarded to Ms. Fortier
and she serves at the direction of the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 68.65pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 67.5pt; text-align: justify">From January 1, 2015 to March 11,
2015, we sold $342,000 of our securities to certain accredited and non-accredited investors consisting of 648,000 shares of our
common stock at $0.50 per share, with a warrant, exercisable into an amount of our common stock equal to fifty percent (50%) of
the common stock purchased, at $1.00 per share. On March 11, 2015 this offering was terminated per the Company&#8217;s Board of
Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 67.5pt; text-align: justify">On January 14, 2015, the Company
issued 1,508,000 shares of common stock to investors who had purchased the shares at $0.50 per share from September 15, 2014 to
January 9, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 67.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 67.5pt; text-align: justify">On March 20, 2015, we executed a
lease with RVOF Market Center, LLC to rent 3,552 square feet of office space at 1624 Market Street, Suite 201, Denver, CO 80202
for a term of 37 months, under which the Company will pay a base rate of $0 for the first month, $8,288 for months two through
13, $8,584.00 for the months 14 through 25, and $8,880.00 for the months 25 through 37. We took possession of this space on April
10, 2015 and did not incur any significant relocation costs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 67.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 12&#9;<U>SUBSEQUENT EVENTS</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 68.65pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">From April 1, 2015 through April 17,
2015, the Company completed an offering of 960,933 restricted shares of the Company&#8217;s common stock, par value $0.001 per
share to certain accredited and unaccredited investors. The shares were offered pursuant to subscription agreements with each investor
for aggregate gross proceeds to the Company of $576,200. The Company compensated Chardan Capital $20,000 cash and 262,560 shares
of common stock as commission for this placement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">From April 1, 2015 to May 10, 2015,
the Company issued 3,020,828 shares of common stock: 200,000 shares for the conversion of a debenture with a face value of $20,000
at $0.10 per share, 224,000 shares to the $0.50 round investors from January to March 2015, 1,110,337 shares to the $0.60 round
investors during April 2015 (an extra 150,000 shares were inadvertently issued and are in the process of being rescinded), 262,650
shares to Chardan Capital for placement agent services, 936,341 shares for the exercise of $0.001 warrants, and 287,500 shares
for the exercise of the $0.40 financing warrants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">On April 28, 2015, the Company entered
into a consulting agreement with Torrey Hills Capital. Under the terms of the agreement, Torrey Hills Capital is to receive 75,000
shares of common stock and $5,000 per month for setting-up non-deal roadshows for the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">From April 1, 2015 to May 10, 2015,
the Company received $115,000 from the exercise of the Company&#8217;s $0.40 warrants and issued 287,500 shares to the investors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">On May 12, 2015, the Company entered
into a consulting agreement with Caro Capital. Under the terms of the agreement, Caro Capital is to receive 200,000 shares of common
stock for a purchase price of $200 and $2,000 per month for setting-up non-deal roadshows for the Company for a period of one year.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&#9; &#9;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">June 30, 2015<BR>
FINANCIAL STATEMENTS<BR>
(Unaudited)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.5in; text-indent: 0.5in">PAGE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Balance Sheets as of December 31, 2014 and June 30, 2015 (Unaudited)&#9;101</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Statements of Operations for the 3 and 6 Months Ended June 30, 2015
and 2014 (Unaudited) &#9;102</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Statements of Cash Flows for the 6 Months Ended June 30, 2015 and
2014 (Unaudited) &#9;103</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Notes to Financial Statements (Unaudited)&#9;104</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<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"><IMG SRC="image_011.jpg" ALT="" STYLE="height: 761px; width: 624px"><FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT><BR CLEAR="ALL">
<IMG SRC="image_012.jpg" ALT="" STYLE="height: 721px; width: 624px"><BR CLEAR="ALL">
</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><IMG SRC="image_013.jpg" ALT="" STYLE="height: 712px; width: 624px"><BR CLEAR="ALL">
<U>MassRoots, Inc.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>Notes to Financial Statements</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>June 30, 2015</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>(Unaudited)</U></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: justify">NOTE 1 - <U>SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES</U></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">MassRoots, Inc. (the &#8220;Company&#8221;)
is a social network for the cannabis community. Through its mobile applications, systems and websites, MassRoots enables people
to share their cannabis-related content and for businesses to connect with those consumers. The Company was incorporated in the
State of Delaware on April 24, 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: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s primary focus during the
first two quarters of 2015 was increasing our userbase from around 275,000 to 420,000 users.</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">The Company has not focused on generating revenue
to date. However, the primary source of revenue generated to date is advertising from businesses, brands and non-profits. Its secondary
source of income is merchandise sales.</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"><U>Basis of Presentation</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The financial statements include the accounts
of MassRoots, Inc. under the accrual basis of accounting.</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"><U>Management&#8217;s Use of Estimates</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in
conformity with accounting principles generally accepted in the United States of America requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported
amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. The financial
statements above reflect all of the costs of doing business.</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"><U>Deferred Taxes</U></P>

<P STYLE="font: 10pt 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. Deferred income tax assets and liabilities are determined based
upon differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax
rates and laws that will be in effect when 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 statements of operations in the period that includes the enactment date.</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"><U>Cash and Cash Equivalents</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For purposes of the Statement of Cash Flows,
the Company considers highly liquid investments with an original maturity of three months or less to be cash equivalents.</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"><U>Revenue Recognition</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company applies paragraph 605-10-S99-1
of the FASB Accounting Standards Codification for revenue recognition. The Company recognizes revenue when services are realized
or realizable and earned less estimated future doubtful accounts. The Company considers revenue realized or realizable and earned
when all of the following criteria are met:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 20px; text-align: justify">(i)</TD>
    <TD STYLE="width: 7px">&nbsp;</TD>
    <TD STYLE="text-align: justify">persuasive evidence of an arrangement exists,</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 20px; text-align: justify">(ii)</TD>
    <TD STYLE="width: 7px">&nbsp;</TD>
    <TD STYLE="text-align: justify">the services have been rendered and all required milestones achieved,</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 20px; text-align: justify">(iii)</TD>
    <TD STYLE="width: 7px">&nbsp;</TD>
    <TD STYLE="text-align: justify">the sales price is fixed or determinable, and</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 20px; text-align: justify">(iv)</TD>
    <TD STYLE="width: 7px">&nbsp;</TD>
    <TD STYLE="text-align: justify">Collectability is reasonably assured.</TD></TR>
</TABLE>
<P STYLE="font: 10pt 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">MassRoots primarily generates revenue by charging
businesses to advertise on the network. MassRoots has the ability to target advertisements directly to a clients&#8217; target
audience, based on their location, on their mobile devices. All advertising services take between a few hours to up to one month
to complete, unless otherwise noted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">MassRoots&#8217; secondary source of income
is merchandise sales. The objective with the sales is not to generate large profit margins, but to help offset the cost of marketing.
Each t-shirt, sticker and jar MassRoots sells will likely lead to more downloads and active users.</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"><U>Cost of Sales</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s policy is to recognize
cost of sales in the same manner in conjunction with revenue recognition, when the costs are incurred. Cost of sales includes the
costs directly attributable to revenue recognition. Selling, general and administrative expenses 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"><U>Comprehensive Income (Loss)</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company reports comprehensive income and
its components following guidance set forth by section 220-10 of the FASB Accounting Standards Codification which establishes standards
for the reporting and display of comprehensive income and its components in the financial statements. There were no items of comprehensive
income (loss) applicable to the Company during the periods covered in the financial statements.</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"><U>Loss Per Share</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Net loss per common share is computed pursuant
to section 260-10-45 of the FASB Accounting Standards Codification. Basic net loss per share is computed by dividing net loss by
the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by
dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during
each period.</P>

<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: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Risk and Uncertainties</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is subject to risks common to emerging
companies in the technology and cannabis industries, including, but not limited to, the uncertain governmental regulation of cannabis,
the development of new technological innovations, potential lack of funding needed to reach our business goals and dependence on
key personnel.</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"><U>Convertible Debentures</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If the conversion features of conventional
convertible debt provides for a rate of conversion that is below market value at issuance, this feature is characterized as a beneficial
conversion feature (&#8220;BCF&#8221;). A BCF is recorded by the Company as a debt discount pursuant to ASC Topic 470-20 &#8220;Debt
with Conversion and Other Options.&#8221; In those circumstances, the convertible debt is recorded net of the discount related
to the BCF, and the Company amortizes the discount to interest expense, over the life of the debt using the effective interest
method.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Stock-Based Compensation</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for stock-based compensation
using the fair value method following the guidance set forth in section 718-10 of the FASB Accounting Standards Codification for
disclosure about Stock-Based Compensation. This section requires a public entity to measure the cost of employee services received
in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). That
cost will be recognized over the period during which an employee is required to provide service in exchange for the award- the
requisite service period (usually the vesting period). No compensation cost is recognized for equity instruments for which employees
do not render the requisite service.</P>

<P STYLE="font: 10pt 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"><U>Fair Value for Financial Assets and Financial
Liabilities</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company follows paragraph 825-10-50-10
of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37
of the FASB Accounting Standards Codification (&#8220;Paragraph 820-10-35-37&#8221;) to measure the fair value of its financial
instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted
in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and
comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which
prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives
the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority
to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; text-align: justify">Level 1</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 94%; text-align: justify">Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">Level 2</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">Level 3</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">Pricing inputs that are generally observable inputs and not corroborated by market data.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our financial instruments include cash, accounts
receivable, prepaid expense, investment in Flowhub, deposit, accounts payable, accrued liabilities, convertible note payable, and
derivative liabilities.</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">The carrying values of the Company's cash,
prepaid expense, investment in Flowhub, deposit, accrued liabilities approximate their fair value due to their short-term nature.
The Company's convertible notes payable are measured at amortized cost.</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">The derivative liabilities are stated at their
fair value as a Level 3 measurement. The Company used a Black-Scholes model to determine the fair values of these derivative liabilities.
See Note 4 for the Company's assumptions used in determining the fair value of these financial instruments.</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"><U>Embedded Conversion Features</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company evaluates embedded conversion features
within convertible debt under ASC 815 &#8220;Derivatives and Hedging&#8221; 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 &#8220;Debt with Conversion and Other Options&#8221; for consideration of any beneficial conversion feature.</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"><U>Derivative Financial Instruments</U></P>

<P STYLE="font: 10pt 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: 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">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: 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"><U>Beneficial Conversion Feature</U></P>

<P STYLE="font: 10pt 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: 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">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: 10pt 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"><U>Recent Accounting Pronouncements </U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In June 2014, the FASB issued ASU 2014-10,
Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. ASU 2014-10 eliminates the distinction
of a development stage entity and certain related disclosure requirements, including the elimination of inception-to-date information
on the statements of operations, cash flows and stockholders' equity. The amendments in ASU 2014-10 will be effective prospectively
for annual reporting periods beginning after December 15, 2014, and interim periods within those annual periods, however early
adoption is permitted for financial statements not yet issued. The Company adopted ASU 2014-10 during the fourth quarter of 2014,
thereby no longer presenting or disclosing any information required by Topic 915. The Company has reviewed all recently issued,
but not yet effective, accounting pronouncements up to ASU 2015-10, and does not believe the future adoption of any such pronouncements
may be expected to cause a material impact on its financial condition or the results of its operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 2 - <U>FIXED ASSETS</U></P>

<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: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Fixed assets were comprised of the following
as of June 30, 2015 and December 31, 2014. Depreciation is calculated using the straight-line method over a 5 year period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="3"><B>December 31, 2014</B></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><B>June 30, 2015</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify"><B>Cost:</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 64%; text-align: justify">Computers</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 15%; text-align: justify">12,134</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 15%; text-align: justify">31,033</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-bottom: 1pt; text-align: justify">Office equipment</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">4,055</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">23,314</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: justify">Total</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">16,189</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">54,347</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-bottom: 1pt; text-align: justify">Less: Accumulated depreciation</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">2,027</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">6,121</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-bottom: 1pt; text-align: justify">Property and equipment, net</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">14,162</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">1,294</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 3 - <U>PREPAID EXPENSE</U></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">During the first quarter 2015, the Company
issued 430,000 shares of its common stock, 100,000 warrants and 1,065,000 options in exchange for services, valued in the aggregate
at $782,695. The $782,695 is being charged to operations over a one-year term.</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">On April 28, 2015, the Company entered into
a consulting agreement with Torrey Hills Capital. Under the terms of the agreement, Torrey Hills Capital is to receive 75,000 shares
of common stock and $5,000 per month for setting-up non-deal roadshows for the Company. The service period is 4 months.</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">On May 12, 2015, the Company entered into a
consulting agreement with Caro Capital. Under the terms of the agreement, Caro is to receive 200,000 shares of common stock and
$2,000 per month for setting-up non-deal roadshows for the Company for a period of one year.</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">On June 15, 2015, the Company entered into
a consulting agreement with Demeter Capital. Under the terms of the agreement, Demeter Capital is to receive 100,000 shares of
common stock for introductions to investors. The service period is 6 months.</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">On June 4, 2014, the Company issued a total
of 850,000 shares of its common stock and 2,050,000 options in exchange for consulting services, valued in the aggregate at $286,818.
The $286,818 is being charged to operations over a three-year term.</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">Compensation from equity issuances charged
to operations during the six months ended June 30, 2015 and June 30, 2014 was $708,082 and $567,573, respectively. The expense
related to the amortization of prepaid expense is $593,939. The unamortized balance at June 30, 2015 and at December 31, 2014 was
$1,045,816 and $196,688, respectively.</P>

<P STYLE="font: 10pt 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">NOTE 4 - <U>DERIVATIVE LIABILITIES</U></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">The Company had previously identified conversion
features embedded within warrants received in connection with the issuance of convertible debt and, separately, within warrants
received in connection with the issuance of common stock. 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: 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">During the second quarter of 2015, the Company
and the holders of warrants previously issued as part of our offering in March 2014 with an exercise price of $0.40 agreed to amend
the warrants to remove the ratchet provision. This reduced the Company&#8217;s derivative liability by $835,593 and increased additional
paid in capital by the same amount.</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">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:</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: justify"><B>Warrants with Convertible Debt</B></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: justify"><B>Warrants with Issuance of Common Stock</B></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: justify"><B>Warrants Issued For Services</B></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: justify"><B>Total</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="width: 48%; padding-left: 5.4pt; text-align: justify"><B>Fair value at the commitment date</B></TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify"><B>$</B></TD>
    <TD STYLE="width: 10%; text-align: justify"><B>87,189</B></TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify"><B>$</B></TD>
    <TD STYLE="width: 10%; text-align: justify"><B>259,278</B></TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify"><B>$</B></TD>
    <TD STYLE="width: 10%; text-align: justify"><B>0</B></TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify"><B>$</B></TD>
    <TD STYLE="width: 10%; text-align: justify"><B>346,467</B></TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-bottom: 1pt; padding-left: 5.4pt; text-align: justify">Fair value mark to market adjustment</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">429,948</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">323,293</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">753,241</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-bottom: 2.5pt; padding-left: 5.4pt; text-align: justify">Balances as of December 31, 2014</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">517,137</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">582,571</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">0</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">1,099,708</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 5.4pt; text-align: justify"><B>Fair value at the commitment date - in first quarter 2015</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><B>125,708</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><B>0</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><B>43,704</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><B>169,412</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-bottom: 1pt; padding-left: 5.4pt; text-align: justify">Fair value mark to market adjustment</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">(24,677</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">)</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">(17,841</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">)</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">(219</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">)</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">(42,737</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-bottom: 2.5pt; padding-left: 5.4pt; text-align: justify">Balances as of March 31, 2015</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">618,168</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">564,730</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">43,485</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">1,226,383</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 5.4pt; text-align: justify"><B>Fair value at the commitment date - in second quarter 2015</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><B>51,378</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><B>51,378</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-bottom: 1pt; padding-left: 5.4pt; text-align: justify">Reclassified to additional paid-in capital due to amendment of agreements.</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">(618,168)</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">(273,161</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">)</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&#8212;&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">(835,593</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-bottom: 2.5pt; padding-left: 5.4pt; text-align: justify">Balances as of June 30, 2015</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">$</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">0</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">$</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">291,569</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">$</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">94,863</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">$</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: justify">386,432</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<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">The fair value at the commitment and re-measurement
dates for the Company&#8217;s derivative liabilities were based upon the following management assumptions as of June 30, 2015:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: justify"><B>Commitment Date</B></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: justify"><B>Remeasurement Date</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 54%; text-align: justify">&nbsp;Expected dividends</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 20%; text-align: justify">0%</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 20%; text-align: justify">0%</TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;Expected volatility</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">150%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">150%</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: justify">&nbsp;Expected term</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;3-5 years&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;1.83 &#8211; 4.70 years&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;Risk free interest rate</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;0.75% - 1.1%&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">0.89% - 1.35%</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 5 - <U>DEBT DISCOUNT</U></P>

<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: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recorded the $174,378 debt discount
due to beneficial conversion feature of $87,189 for the detachable warrants issued with convertible debt, and $87,189 in derivative
liabilities related to the ratchet feature warrants.&nbsp;</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">The debt discount was recorded in 2014 and
pertains to convertible debt and warrants issued that contain ratchet features that are required to be bifurcated and reported
at fair value.</P>

<P STYLE="font: 10pt 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">Debt discount is summarized as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: justify"><B>June 30, 2015</B></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: justify"><B>December 31, 2014</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="width: 57%; padding-left: 5.4pt; text-align: justify">Deb discount on notes payable</TD>
    <TD STYLE="width: 8%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">$</TD>
    <TD STYLE="width: 15%; text-align: justify">107,016</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">$</TD>
    <TD STYLE="width: 15%; text-align: justify">174,379</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-bottom: 1pt; padding-left: 5.4pt; text-align: justify">Accumulated amortization</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">(50,347</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">)</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">(67,363</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 5.4pt; text-align: justify">Debt discount on notes payable, net</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">$</TD>
    <TD STYLE="text-align: justify">56,669</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">$</TD>
    <TD STYLE="text-align: justify">107,016</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
</TABLE>
<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">Amortization of debt discount on notes payable
for the six months ended June 30, 2015 and June 30, 2014 was $50,347 and $17,681, respectively.</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">NOTE 6 - <U>CONVERTIBLE DEBENTURES</U></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">On March 24, 2014, the Company issued convertible
debentures to certain accredited investors. The total principal amount of the debentures is $269,100 and matures on March 24, 2016
with a zero percent interest rate. The debentures are convertible into shares of the Company&#8217;s common stock at $0.10 per
share.</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">The debentures were discounted in the amount
of $174,378 due to the intrinsic value of the beneficial conversion option and relative derivative liabilities of the warrants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On January 7, 2015, one holder of a convertible
debenture converted $40,000 of principal into 400,000 shares of common stock.</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">On April 4, 2015, one holder of a convertible
debenture converted $20,000 of principal into 200,000 shares of common stock.</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">As of June 30, 2015, the aggregate carrying
value of the debentures was $152,430 net of debt discounts of $56,670, while as of December 31, 2014, the aggregate carrying value
of the debentures was $162,084 net of debt discounts of $107,016.</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">NOTE 7 - <U>CAPITAL STOCK</U></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">The Company is currently authorized to issue
21 Series A preferred shares at $1.00 par value per share with 1:1 conversion and voting rights. As of June 30, 2015, there were
0 shares of Series A preferred shares issued and outstanding.</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">The Company is currently authorized to issue
200,000,000 shares of its common stock at $0.001 par value per share. As of June 30, 2015, there were 44,505,238 shares of common
stock issued and outstanding and 857,000 shares of common stock to be issued.</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">On March 18, 2014, the Company entered into
a Plan of Reorganization with its shareholders in which the following was effected: (i) on March 21, 2014, the Company&#8217;s
Certificate of Incorporation was amended to allow for the authorization of 200,000,000 shares of the Company&#8217;s common stock;
(ii) on March 24, 2014, each of the Company&#8217;s preferred shareholders converted their shares into common stock on a one for
one basis; and (iii) on March 24, 2014, each of the Company&#8217;s shareholders surrendered their shares of the Company&#8217;s
common stock in exchange for the pro-rata distribution of 36,000,000 newly issued shares of Company&#8217;s common stock, based
on the percentage of the total shares of common stock held by the shareholder immediately prior to the exchange (the &#8220;Exchange&#8221;).</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">On January 1, 2014, the Company&#8217;s directors
and officers exercised all of the then outstanding 72.06 stock options and acquired 72.06 shares of common stock at $1 per share.
These 72.06 shares of common stock were exchanged for 21,954,160 shares of common stock during the Exchange.</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">On March 18, 2014, immediately prior to the
Exchange, the Company converted $4,358 accrued dividends from Series A preferred shares into 0.513 shares of common stock, which
was exchanged for 156,293 shares of common stock during the Exchange.</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">On March 24, 2014, the Company issued 2,059,000
shares of common stock in exchange for $205,900 cash.</P>

<P STYLE="font: 10pt 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">On June 4, 2014, the Company issued 250,000
shares of common stock to Vincent &#8220;Tripp&#8221; Keber valued at $0.10 per share in exchange for his services on the Company&#8217;s
Board of Directors for three years under the 2014 Equity Incentive Plan (&#8220;2014 Plan&#8221;). These shares had a fair market
value of $25,000, of which $2,055 and $4,110 was amortized during the quarter and six months ended June 30, 2015, respectively.</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">On June 4, 2014, the Company issued 250,000
shares of common stock under the 2014 Plan to Ean Seeb valued at $0.10 per share in exchange for his services on the Company&#8217;s
Board of Directors for three years. These shares had a fair market value of $25,000, of which $2,055 and $4,110 was amortized during
the quarter and six months ended June 30, 2015, respectively.</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">On June 4, 2014, the Company issued 250,000
shares of common stock under the 2014 Plan to Sebastian Stant valued at $0.10 per share in exchange for his services as the Company&#8217;s
Lead Web Developer for one year. These shares had a fair market value of $25,000, of which $4,452 and 10,616 was amortized during
the quarter and six months ended June 30, 2015, respectively.</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">On May 1, 2014, the Company issued 100,000
shares of common stock under the 2014 Plan to Jesus Quintero valued at $0.10 per share in exchange for his services as the Company&#8217;s
Chief Financial Officer for one year. These shares had a fair market value of $10,000, of which $849 and $3,315 was amortized during
the quarter and six months ended June 30, 2015, respectively.</P>


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<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">From September 15, 2014 to March 11, 2015,
we completed an offering of $866,000 of our securities to certain accredited and non-accredited investors consisting of 1,732,000
shares of our common stock at $0.50 per share. As of June 30, 2015, all 1,732,000 shares of common stock had been issued.</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">On March 3, 2015, MassRoots entered into an
investment banking relationship with Chardan Capital Markets, LLC. Under the terms of the agreement, MassRoots shall pay Chardan
a non-refundable retainer of 200,000 common shares and pay a commission equal to: (a) an aggregate cash fee equal to four percent
(4%) of the gross proceeds received from the sale of common stock; and (b) an aggregate restricted stock fee equal to eight percent
(8.0%) of the aggregate number of shares of common stock sold in the offering.</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">From January 1 to March 31, 2015, the Company
issued 230,000 shares of common stock to five employees and consultants under our 2014 Employee Stock Option Program.</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">During April 2015, the Company issued 960,335
shares of common stock in exchange for $576,200 cash.</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">On April 28, 2015, the Company entered into
a consulting agreement with Torrey Hills Capital. Under the terms of the agreement, Torrey Hills Capital is to receive 75,000 shares
of common stock and $5,000 per month for setting-up non-deal roadshows for the Company.</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">On May 12, 2015, the Company entered into a
consulting agreement with Caro Capital. Under the terms of the agreement, Caro is to receive 200,000 shares of common stock and
$2,000 per month for setting-up non-deal roadshows for the Company for a period of one year.</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">On June 15, 2015, the Company entered into
a consulting agreement with Demeter Capital. Under the terms of the agreement, Demeter Capital is to receive 100,000 shares of
common stock for consulting services. The 100,000 shares have not been issued as of June 30, 2015 and were recorded as common stock
to be issued.</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">In June 2015, the Company signed agreements
to issue 607,335 shares of common stock in exchange for $455,500 cash. The 607,335 shares have not been issued as of June 30, 2015
and were recorded as common stock to be issued.</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">During the second quarter of 2015, the Company
issued 1,686,341 shares of common stocks and received $300,936 due to the exercise of warrants. As of June 30, 2015, 1,536,341
shares of common stock had been issued from these exercises. The remaining 150,000 shares have not been issued as of June 30, 2015
and were recorded as common stock to be issued.</P>

<P STYLE="font: 10pt 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">During the second quarter of 2015, the Company
issued 654,050 shares of common stock which previously were classified as common stock to be issued on March 31, 2015.</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">NOTE 8 - <U>STOCK WARRANTS</U></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">On March 24, 2014, the Company issued warrants
to a third party for the purchase of 4,050,000 and 2,375,000 shares of common stock, at an exercise price of $0.001 and $0.40 per
share, respectively. The warrants may be exercised any time after issuance through and including the third (3<SUP>rd</SUP>) anniversary
of its original issuance. The Company recorded an expense of $555,598 equal to the estimated fair value of the warrants at the
date of grants. The fair market value was calculated using the Black-Scholes options pricing model, assuming approximately 0.75%
risk-free interest, 0% dividend yield, 150% volatility, and expected life of 3 years</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">On March 24, 2014, in connection to the issuance
of convertible debentures of $269,100 to certain investors, which are convertible into shares of the Company&#8217;s common stock
at $0.10 per share, the Company granted to the same investors three&#8722;year warrants to purchase an aggregate of up to 1,345,500
shares of the Company&#8217;s common stock at $0.4 per share. The warrants may be exercised any time after the issuance through
and including the third (3<SUP>rd</SUP>) anniversary of its original issuance.</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">On March 24, 2014, in connection to the issuance
of 2,059,000 shares of common stock, the Company granted to the same investor three&#8722;year warrants to purchase an aggregate
of 1,029,500 shares of the Company&#8217;s common stock at $0.4 per share. The warrants may be exercised any time after the issuance
through and including the third (3<SUP>rd</SUP>) anniversary of its original issuance. The warrants have a fair market value of
$66,712. The fair market value was</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">calculated using the Black-Scholes options
pricing model, assuming approximately 0.75% risk-free interest, 0% dividend yield, 150% volatility, and expected life of 3 years.
See Note 4 for further discussion.</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">During the four months ended December 31, 2014,
in connection to the sale of 1,048,000 shares of common stock, the Company granted to the same investors three&#8722;year warrants
to purchase an aggregate of 524,000 shares of the Company&#8217;s common stock at $1.00 per share. The warrants may be exercised
any time after the issuance through and including the third (3<SUP>rd</SUP>) anniversary of its original issuance. The warrants
have a fair market value of <B>$</B>42,650. The fair market value was calculated using the Black-Scholes options pricing model,
assuming approximately 1% risk-free interest, 0% dividend yield, 150% volatility, and expected life of 3 years. See Note 4 for
further discussion.</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">During the three months ended March 31, 2015,
in connection to the sale of 684,000 shares of common stock, the Company granted to the same investors three&#8722;year warrants
to purchase an aggregate of 342,000 shares of the Company&#8217;s common stock at $1.00 per share. The warrants may be exercised
any time after the issuance through and including the third (3<SUP>rd</SUP>) anniversary of its original issuance. The warrants
have a fair market value of $125,708. The fair market value was calculated using the Black-Scholes options pricing model, assuming
approximately 1% risk-free interest, 0% dividend yield, 150% volatility, and expected life of 3 years. See Note 4 for further discussion.</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">On February 27, 2015, the Company sold warrants
for a nominal amount to purchase 100,000 shares of common stock at $0.50 per share to certain service providers.</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">On April 8, 2015, the Company issued warrants
to purchase 50,000 shares of common stock at $0.60 per share to certain service providers.</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">From April 1 to June 30, 2015, 750,000 of warrants
previously issued as part of our offering in March 2014 were exercised at an exercise price of $0.40 per share for proceeds of
$300,000, of which $295,000 was received during the second quarter of 2015 and the remaining $5,000 was received during the third
quarter of 2015.</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">From April 1 to June 30, 2015, 936,341 warrants
previously issued as part of our offering in March 2014 were exercised at an exercise price of $0.001 per share for proceeds of
$936.</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">Stock warrants outstanding and exercisable
on June 30, 2015 are as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: justify"><B>Exercise Price per Share</B></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: justify"><B>Shares Under Warrants</B></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify"><B>Remaining Life in Years</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><B>Outstanding</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 28%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">$</TD>
    <TD STYLE="width: 20%; text-align: justify">0.001</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 20%; text-align: justify">3,113,659</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 23%; text-align: justify">2</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">$</TD>
    <TD STYLE="text-align: justify">0.4</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">4,000,000</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">2</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">$</TD>
    <TD STYLE="text-align: justify">0.5</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">100,000</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">5</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">$</TD>
    <TD STYLE="text-align: justify">0.6</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">50,000</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">5</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">$</TD>
    <TD STYLE="text-align: justify">1</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">866,000</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">3</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><B>Exercisable</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">$</TD>
    <TD STYLE="text-align: justify">0.001</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">3,113,659</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">2</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">$</TD>
    <TD STYLE="text-align: justify">0.4</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">4,000,000</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">2</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">$</TD>
    <TD STYLE="text-align: justify">0.5</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">100,000</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">5</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">$</TD>
    <TD STYLE="text-align: justify">0.6</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">50,000</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">5</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">$</TD>
    <TD STYLE="text-align: justify">1</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">866,000</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">3</TD></TR>
</TABLE>
<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">No other stock warrants have been issued or
exercised during the three months ended June 30, 2015.</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">NOTE 9 - <U>EMPLOYEE EQUITY INCENTIVE PLAN</U></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">In June&nbsp;2014, our shareholders approved
our 2014 Equity Incentive Plan (&#8220;2014 Plan&#8221;), which provides for the grant of incentive stock options to our employees
and our parent and subsidiary corporations' employees, and for the grant of nonstatutory stock options, stock bonus awards, restricted
stock awards, performance stock awards and other forms of stock compensation to our employees, including officers, consultants
and directors. A total of 4 million shares of common stock are reserved for issuance under our 2014 Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 4, 2014, the Company granted options
to purchase 750,000 shares at $0.10 per share to Vincent &#8220;Tripp&#8221; Keber for his services on the Company&#8217;s Board
of Directors for 3 years. Under the terms of the grant, 250,000 shares shall begin vesting on October 1, 2014 such that 20,833
shares shall vest on the first of every month except for every three months, when 20,834 shares shall vest. An additional 250,000
shares shall begin vesting the later of: October 1, 2015 or the Company reaching 830,000 users such that 20,833 shares shall vest
on the first of every month except for every three months, when 20,834 shares shall vest. An additional 250,000 shares shall vest
immediately upon the later of: October 1, 2016 or the Company reaching 1,080,000 users. These options were issued in exchange for
his services on the Company&#8217;s Board of Directors for 3 years. The options may be exercised any time after the issuance through
and including the tenth (10<SUP>th</SUP>) anniversary of its original issuance. The options have a fair market value of $73,836.
The fair market value was calculated using the Black-Scholes options pricing model, assuming approximately 2.61% risk-free interest,
0% dividend yield, 150% volatility, and expected life of 10 years. For the six months ended June 30, 2015 $12,138 was amortized.</P>

<P STYLE="font: 10pt 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">On June 4, 2014, the Company granted options
to purchase 750,000 shares at $0.10 per share to Ean Seeb for his services on the Company&#8217;s Board of Directors for 3 years.
Under the terms of the grant, 250,000 shares shall begin vesting on October 1, 2014 such that 20,833 shares shall vest on the first
of every month except for every three months, when 20,834 shares shall vest. An additional 250,000 shares shall begin vesting the
later of: October 1, 2015 or the Company reaching 830,000 users such that 20,833 shares shall vest on the first of every month
except for every three months, when 20,834 shares shall vest. An additional 250,000 shares shall vest immediately upon the later
of: October 1, 2016 or the Company reaching 1,080,000 users. These options were issued in exchange for his services on the Company&#8217;s
Board of Directors for 3 years. The options may be exercised any time after the issuance through and including the tenth (10<SUP>th</SUP>)
anniversary of its original issuance. The options have a fair market value of $73,836. The fair market value was calculated using
the Black-Scholes options pricing model, assuming approximately 2.61% risk-free interest, 0% dividend yield, 150% volatility, and
expected life of 10 years. For the six months ended June 30, 2015 $12,138 was amortized.</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">On June 4, 2014, the Company granted options
to purchase 550,000 shares at $0.10 per share to Sebastian Stant for his services as the Company&#8217;s Lead Web Developer for
1 year. Under the terms of the grant, 250,000 shares shall vest immediately upon the Company reaching 250,000 users. An additional
150,000 shares shall vest immediately upon the Company reaching 500,000 users. An additional 150,000 shares shall vest immediately
upon the Company reaching 750,000 users. The options were issued in exchange for his services as the Company&#8217;s Lead Web Developer
for 1 year. The options may be exercised any time after the issuance through and including the tenth (10<SUP>th</SUP>) anniversary
of its original issuance. The options have a fair market value of $54,146. The fair market value was calculated using the Black-Scholes
options pricing model, assuming approximately 2.61% risk-free interest, 0% dividend yield, 150% volatility, and expected life of
10 years. For the six months ended June 30, 2015 $12,328 was amortized.</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">On March 9, 2015, Sebastian Stant resigned
his position as Lead Developer of MassRoots and surrendered 350,000 options with a strike price of $0.10 per share back to the
2014 Plan.</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">From January 1 to March 31, 2015, the Company
granted 230,000 shares and options to purchase 1,065,000 shares at $0.50 per share to 20 employees and consultants of the Company,
with most vesting monthly over the course of one year. The fair market value of the options are $523,991.</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">On April 8, 2015, the Company granted options
to purchase 105,000 shares at $0.6 per share to 3 employees and consultants of the Company, with most vesting monthly over the
course of one year. The fair market value of the options are $114,143.</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">Stock options outstanding and exercisable on
June 30, 2015 are as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: justify"><B>Exercise Price per Share</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: justify"><B>Shares Under Options</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><B>Remaining Life in Years</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><B>Outstanding</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 26%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">$</TD>
    <TD STYLE="width: 20%; text-align: justify">0.10</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 20%; text-align: justify">1,750,000</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 24%; text-align: justify">9</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">$</TD>
    <TD STYLE="text-align: justify">0.50</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">1,065,000</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">10</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">$</TD>
    <TD STYLE="text-align: justify">0.60</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">105,000</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">10</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><B>Exercisable</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">$</TD>
    <TD STYLE="text-align: justify">0.10</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">625,000</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">9</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">$</TD>
    <TD STYLE="text-align: justify">0.50</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">532,584</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">10</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">$</TD>
    <TD STYLE="text-align: justify">0.60</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">17,498</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">10</TD></TR>
</TABLE>
<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">No other stock options have been issued or
exercised during the three months ended June 30, 2015.</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">NOTE 10 - <U>GOING CONCERN AND UNCERTAINTY</U></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">The Company has suffered losses from operations
since inception. In addition, the Company has yet to generate an significant cash flow from its business operations. These factors
raise substantial doubt as to the ability of the Company 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: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Management&#8217;s plans with regard to these
matters encompass the following actions: 1) obtain funding from new and potentially current investors to alleviate the Company&#8217;s
working deficiency, and 2) implement a plan to generate sales. The Company&#8217;s continued existence is dependent upon its ability
to translate its vast user base into sales. However, the outcome of management&#8217;s plans cannot be ascertained with any degree
of certainty. The accompanying unaudited financial statements do not include any adjustments that might result from the outcome
of these risks and uncertainties.</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">NOTE 11 - <U>SIGNIFICANT EVENTS</U></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">From April 1, 2015 through April 17, 2015,
the Company completed an offering of 960,933 restricted shares of the Company&#8217;s common stock, par value $0.001 per share
to certain accredited and unaccredited investors. The shares were offered pursuant to subscription agreements with each investor
for aggregate gross proceeds to the Company of $576,200. The Company compensated Chardan Capital $20,000 cash and 262,560 shares
of common stock as commission for this placement.</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">From April 1, 2015 to June 30, 2015, the Company
issued 3,020,828 shares of common stock: 200,000 shares for the conversion of a debenture with a face value of $20,000 at $0.10
per share, 224,000 shares to the $0.50 round investors from January to March 2015, 960,337 shares to the $0.60 round investors
during April 2015, 262,650 shares to Chardan Capital for placement agent services, 936,341 shares for the exercise of $0.001 warrants,
and 600,000 shares for the exercise of the $0.40 financing warrants.</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">On April 28, 2015, the Company entered into
a consulting agreement with Torrey Hills Capital. Under the terms of the agreement, Torrey Hills Capital is to receive 75,000 shares
of common stock and $5,000 per month for setting-up non-deal roadshows for the Company. These shares were issued on June 3, 2015.</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">From April 1 to June 30, 2015, 750,000 warrants
previously issued as part of our offering in March 2014 were exercised at an exercise price of $0.40 per share for proceeds of
$300,000, of which $295,000 was received during the second quarter of 2015 and the remaining $5,000 was received during Q3.</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">From April 1 to June 30, 2015, 936,341 of warrants
previously issued as part of our offering in March 2014 were exercised at an exercise price of $0.001 per share for proceeds of
$936.34.</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">On May 12, 2015, the Company entered into a
consulting agreement with Caro Capital. Under the terms of the agreement, Caro is to receive 200,000 shares of common stock and
$2,000 per month for setting-up non-deal roadshows for the Company for a period of one year. These shares were issued on June 3,
2015.</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">On June 15, 2015, the Company entered into
a consulting agreement with Demeter Capital. Under the terms of the agreement, Demeter Capital is to receive 100,000 shares of
common stock for introductions to investors.</P>


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<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">On June 19, 2015, the Company retained Mr.
Daniel C. Hunt as Chief Operating Officer of the Company, effective immediately. Mr. Hunt succeeds Ms. Hyler Fortier, who resigned
as Chief Operating Officer of the Company as of that same date. Ms. Fortier will continue with the Company as the Company&#8217;s
Director of Branding, a non-executive role. Mr. Hunt will receive a salary of $78,000 per year and is an &#8220;at-will&#8221;
agreement and may be terminated by either party with or without cause with one (1) month&#8217;s written notice. No retirement
plan, health insurance or other employee benefits were awarded to Mr. Hunt and he shall serve at the direction of the Company&#8217;s
Chief Executive Officer and Board.</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">From June 10 to June 30, 2015, the Company
sold 606,669 shares of unregistered common stock for gross proceeds of $455,000, of which $380,000 was received by June 30, 2015.</P>

<P STYLE="font: 10pt 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">On June 30, 2015, the Company had recorded
150,000 registered common shares to be issued for the exercise of $0.40 warrants, 606,669 unregistered common stock to be issued
for purchasers of the $0.75 private placement, and 100,000 unregistered common shares to be issued to Demeter Capital for services
rendered.</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">NOTE 12 - <U>SUBSEQUENT EVENTS</U></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">From July 1 to July 13, 2015, MassRoots sold
an additional 834,004 shares of unregistered common stock for gross proceeds totaling $610,502. This round was closed on July 13,
2015. As of July 21, 2015, all $1,065,502 had been received. In connection with this offering, Chardan will receive $27,200 in
cash and 76,560 shares of the Company&#8217;s common stock as commission for this placement.&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<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="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">LEGAL MATTERS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">The validity of the securities offered
by this prospectus will be passed upon for us by Thompson Hine LLP.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">EXPERTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">The financial statements of MassRoots,
Inc. as of December 31, 2014 have been included herein in reliance upon the reports of N.K.A. L&amp;L CPAs, PA (formerly known
as Bongiovanni &amp; Associates, PA), certified public accountants, for the period ended and as of December 31, 2014 upon the authority
of said firm as experts in accounting and auditing. The audit report covering the December 31, 2014 financial statements contains
an explanatory paragraph that states that MassRoots, Inc. has suffered net losses since inception from operations and this raises
substantial doubt about the Company&#8217;s ability to continue as a going concern.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">WHERE YOU CAN FIND MORE INFORMATION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">We have filed a registration statement
on Form S-1 under the Securities Act with the SEC with respect to the Common Stock and Warrants we are offering by this prospectus.
This prospectus does not contain all of the information included in the registration statement. For further information pertaining
to us and our securities, you should refer to the registration statement and the exhibits and schedules filed with the registration
statement. 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">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&#8217;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&#8217;s website at http://www.sec.gov. We will also gladly send any filing to you upon your written
request to Isaac Dietrich, our Chief Executive Officer, at 1624 Market Street, Suite 201, Denver, CO 80202. Our reports and other
information that we have filed, or may in the future file, with the SEC are not incorporated by reference into and do not constitute
part of this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0">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;</B></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: 11.25pt 0 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.25pt 0 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>MASSROOTS</B></FONT><B>,
INC.</B></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>Units of its Securities, </B><BR>
<BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Consisting of up to to <STRIKE>4,000,000</STRIKE><U>6,200,000</U>
Shares of Common Stock and</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>Warrants to Purchase up to <STRIKE>4,000,000</STRIKE><U>6,200,000</U>
Shares of Common Stock</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: 6pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/0.05pt Times New Roman, Times, Serif; margin: 0 40.1pt 0 34.55pt">&nbsp;</P>

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<P STYLE="font: 10pt/0.05pt Times New Roman, Times, Serif; margin: 1pt 40.1pt 0 34.55pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25in 0 0; text-align: center"><B>PROSPECTUS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/0.05pt Times New Roman, Times, Serif; margin: 0 40.1pt 0 34.55pt">&nbsp;</P>

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<P STYLE="font: 10pt/0.05pt Times New Roman, Times, Serif; margin: 1pt 40.1pt 0 34.55pt">&nbsp;</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: 11.25pt 0 0; text-align: center">[ ], 2015</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>PART II &#8211; INFORMATION NOT REQUIRED IN PROSPECTUS</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 0 6pt"><B>Item 13.&#9; Other Expenses of Issuance and Distribution.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The following table sets forth expenses (estimated except for the
SEC registration fees and FINRA notice fee) in connection with the offering described in the registration statement:</P>

<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: bottom">
    <TD STYLE="width: 76%; padding-right: 5.4pt; padding-left: 5.4pt">SEC registration fees</TD>
    <TD STYLE="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">$1,860</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">FINRA Notice Fees</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">$1,000</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Legal fees and expenses</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">$50,000</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Accountants fees and expenses</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">$7,500</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Miscellaneous</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;&nbsp;&nbsp;$39,640</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">TOTAL</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">$100,000</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 0 6pt"><B>Item 14.&#9; Indemnification of Directors and Officers.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">The Amended
and Restated Certificate of Incorporation of </FONT>the Company <FONT STYLE="font-family: Times New Roman, Times, Serif">provides
that:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT>The Company shall indemnify and hold harmless, to the fullest extent permitted by applicable law as it presently exists
        or may hereafter be amended, any person (an &quot;Indemnified Person&quot;) who was or is made or is threatened to be made a party
        or is otherwise involved in any action, suit or proceeding, whether civil, criminal, administrative or investigative (a &quot;Proceeding&quot;),
        by reason of the fact that such person, or a person for whom such person is the legal representative, is or was a director or officer
        of the Corporation or, while a director or officer of the Corporation, is or was serving at the request of the Corporation as a
        director, officer, employee or agent of another corporation or of a partnership, joint venture, limited liability company, trust,
        enterprise or nonprofit entity, including service with respect to employee benefit plans, against all liability and loss suffered
        and expenses (including attorneys&quot; fees) reasonably incurred by such Indemnified Person in such Proceeding. Notwithstanding
        the preceding sentence, the Corporation shall be required to indemnify an Indemnified Person in connection with a Proceeding (or
        part thereof) commenced by such Indemnified Person only if the commencement of such Proceeding (or part thereof) by the Indemnified
        Person was authorized in advance by the Board of Directors.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in; text-indent: -0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">The Corporation shall pay the expenses (including attorneys' fees)
        incurred by an Indemnified Person in defending any Proceeding in advance of its final disposition, provided, however that, to the
        extent required by law, such payment of expenses in advance of the final disposition of the Proceeding shall be made only upon
        receipt of an undertaking by the Indemnified Person to repay all amounts advanced if it should be ultimately determined that the
        Indemnified Person is not entitled to be indemnified under this Article or otherwise.</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in; text-indent: -0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">If a claim for indemnification or advancement of expenses under
        this Article is not paid in full within thirty (30) days after a written claim therefor by the Indemnified Person has been received
        by the Corporation, the Indemnified Person may file suit to recover the unpaid amount of such claim and, if successful in whole
        or in part, shall be entitled to be paid the expense of prosecuting such claim. In any such action the Corporation shall have the
        burden of proving that the Indemnified Person is not entitled to the requested indemnification or advancement of expenses under
        applicable law.</FONT></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">Any indemnification as outlined above is not exclusive of
any other rights to indemnification afforded by Delaware law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt"><B>Item 15.&#9; Recent Sales of Unregistered Securities.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">Each of the below transactions were exempt from the registration
requirements of the Securities Act in reliance upon Rule 701 promulgated under the Securities Act, Section 4(a)(2) of the Securities
Act or Regulation D promulgated under the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">Since the Company&#8217;s inception on April 24, 2013 through
March 18, 2014, the Company issued and/or sold the following unregistered securities:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">On April 24, 2013, the Company approved the issuance of 15.25 shares of common stock (4,646,136
shares post-Exchange, as defined herein) to the Company&#8217;s CEO and Chairman, Isaac Dietrich, to repay $17,053 short term borrowing
from him and for services provided. In addition, 42.81 stock options were issued as part of the employment agreement with the Mr.
Dietrich. The stock option allows Mr. Dietrich to purchase 42.81 shares of the Company&#8217;s common stock (13,042,695 shares
post-Exchange) at $1.00 per share per each individual option. The options will vest through January 1, 2017.<FONT STYLE="font-family: Times New Roman, Times, Serif">
Each option issued contained an acceleration clause which was triggered upon the closure of the financing on January 1, 2014 that
caused all options to vest immediately. </FONT>On January 1, 2014, Mr. Dietrich exercised all options held at that time.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">On April 24, 2013, the Company approved the issuance of 3.75 shares of common stock (1,142,493
shares post-Exchange) to the Company&#8217;s Chief Operations Officer, Hyler Fortier, in exchange for her services. 11.25 stock
options were also issued as part of the employment agreement with Ms. Fortier. The stock options allow Ms. Fortier to purchase
11.25 shares of the Company&#8217;s common stock (3,427,478 shares post-Exchange) at $1.00 per share per each individual option.
The options will vest through January 1, 2017. <FONT STYLE="font-family: Times New Roman, Times, Serif">Each option issued contained
an acceleration clause which was triggered upon the closure of the financing on January 1, 2014 that caused all options to vest
immediately. </FONT>On January 1, 2014, Ms. Fortier exercised all options held at that time.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">On April 24, 2013, the Company approved the issuance of 3.00 shares of common stock (913,994 shares
post-Exchange) to the Company&#8217;s Chief Technology Officer, Stewart Fortier, in exchange for his services. 9.0 stock options
were issued as part of the employment agreement with Mr. Fortier. The stock options allow Mr. Fortier to purchase 9.0 shares of
the Company&#8217;s common stock (2,741,982 shares post-Exchange) at $1.00 per share per each individual option. The options will
vest through January 1, 2017. <FONT STYLE="font-family: Times New Roman, Times, Serif">Each option issued contained an acceleration
clause which was triggered upon the closure of the financing on January 1, 2014 that caused all options to vest immediately. </FONT>On
January 1, 2014, Mr. Fortier exercised all options held at that time.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">On April 24, 2013, the Company approved the issuance of 3.00 shares of common stock (913,994 shares
post-Exchange) to Tyler Knight in exchange for his services. 9.0 stock options were also issued as part of the employment agreement
with Mr. Knight. The stock options allow Tyler Knight to purchase 9.0 shares of the Company&#8217;s common stock (2,741,982 shares
post-Exchange) at $1.00 per share per each individual option. The options will vest through January 1, 2017.<FONT STYLE="font-family: Times New Roman, Times, Serif">
Each option issued contained an acceleration clause which was triggered upon the closure of the financing on January 1, 2014 that
caused all options to vest immediately. </FONT>On January 1, 2014, Mr. Knight exercised all options held at that time.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">On October 7, 2013, the Company entered into an agreement to issue as compensation for services
provided a total of 2.94 Series A Preferred shares (895,715 common shares post-Exchange) with a market value of $24,998 to Douglas
Leighton for financial consulting services. These shares were issued <FONT STYLE="font-family: Times New Roman, Times, Serif">on
January 1, 2014.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">On October 7, 2013, we entered into agreements to issue 5.88, 5.88, and 5.89 Series A Preferred
Shares (1,791,428, 1,791,428, and 1,794,475 common shares post-Exchange) to Bass Point Capital, LLC, WM18 Finance LTD, and Rother
Investments, LLC, respectively, in exchange for $50,000 capital investments from each. These shares were subsequently issued on
the closing date of January 1, 2014. On March 18, 2014, as part of a Plan of Reorganization, (i) all preferred shareholders converted
their shares of stock into common stock as is outlined in our certificate of incorporation; (ii) the Company&#8217;s certificate
of incorporation was amended to allow for the issuance of 200,000,000 shares of our common stock, (iii) the</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 10pt 0.5in; text-align: justify">Company&#8217;s current shareholders
exchanged their shares of our common stock for the pro-rata percentage of 36,000,000 shares of our common stock (the &#8220;Exchange&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">From March 18, 2014 through March 31, 2014,
the Company issued and/or sold the following unregistered securities:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">On March 18, 2014, as payment for consulting services, we granted Dutchess Opportunity Fund, II
LP a warrant <FONT STYLE="font-family: Times New Roman, Times, Serif">exercisable into </FONT>4,050,000 shares <FONT STYLE="font-family: Times New Roman, Times, Serif">of
our common stock </FONT>at $0.001 per share, and a warrant <FONT STYLE="font-family: Times New Roman, Times, Serif">exercisable
into </FONT>2,375,000 shares <FONT STYLE="font-family: Times New Roman, Times, Serif">of our common stock </FONT>at $0.40 per share.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">On March 24, 2014, we completed an offering
of $475,000 of our securities to certain accredited and non-accredited investors consisting of (i) $269,100 of convertible debentures,
convertible into shares of the Company&#8217;s common stock at $0.10 per share, together with warrants, exercisable into an amount
of our common stock equal to fifty percent (50%) of the common stock underlying the convertible debentures, at $0.40 per share;
and (ii) 2,059,000 shares of our common stock at $0.10 per share, with a warrant, exercisable into an amount of our common stock
equal to fifty percent (50%) of the common stock purchased, at $0.40 per share.</FONT></TD></TR></TABLE>

<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 0 6pt; text-align: justify">On June 6, 2014, each of Ean Seeb, Tripp
Keber, and Sebastian Stant received a stock award of 250,000 shares of our common stock, while Jesus Quintero received a stock
award of 100,000 shares of our common stock as compensation for their service. These awards, along with all the then outstanding
shares were included in our resale registration statement on Form S-1 that originally went effective on September 15, 2014 (&#8220;2014
Registration Statement&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">The securities in the transactions set
out below were not covered by the 2014 Registration Statement:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Each of Ean Seeb, Tripp Keber, and Sebastian Stant also received 750,000, 750,000, and 550,000
options, respectively, to purchase shares of our common stock pursuant to our 2014 Equity Incentive Plan.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">On March 3, 2015, Chardan Capital Market, LLC and the Special Equities Group, LLC, received 40,000
and 160,000 shares, respectfully, for Chardan&#8217;s investment banking services.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">From September 15, 2014 to March 11, 2015, we completed an offering of $866,000 of our securities
to certain accredited and non-accredited investors consisting of 1,732,000 shares of our common stock at $0.50 per share, along
with warrants to purchase 866,000 shares at $1 per share.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">From April 1, 2015 through April 17, 2015, MassRoots, Inc. completed an offering of 960,933 shares
of the Company&#8217;s common stock to certain accredited and unaccredited investors, pursuant to which, the Company received gross
proceeds of $576,200. The Company terminated this offering as of April 17, 2015. The Company compensated Chardan Capital Markets,
LLC $20,000 cash and 262,560 shares of common stock as commission for this placement.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">On February 27, 2015, certain service providers purchased warrants permitting the purchase of 100,000
shares at $0.50 per share.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">From January 1 to March 31, 2015, the Company granted 230,000 shares and options to purchase 1,065,000
shares at $0.50 per share to 20 employees and consultants of the Company pursuant to the 2014 Plan.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">On April 28, 2015, the Company entered into a consulting agreement with Torrey Hills Capital, under
which, Torrey Hills Capital will receive 75,000 shares of the Company&#8217;s common stock.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">On May 12, 2015, the Company entered into a consulting agreement with Caro Capital, under which
Caro Capital, as compensation for services provided, will receive 200,000 shares of Company&#8217;s common stock in exchange for
$200.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">From June 10, 2015 through July 13, 2015,
MassRoots sold 1,540,673 shares of unregistered common stock to certain accredited investors for gross proceeds of $1,140,502.
</FONT>In connection with this offering, Chardan Capital received $27,200 in cash and 80,560 shares of the Company&#8217;s common
stock as commission for this placement.&nbsp;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">On June 15, 2015, the Company entered
into a consulting agreement with Demeter Capital, under which Demeter Capital, as compensation for services provided, will receive
100,000 shares of the Company&#8217;s common stock in exchange for $100.</FONT></TD></TR></TABLE>


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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>On July 30, 2015, MassRoots entered into consulting agreements with each of Shmuel Tennenhaus and Daniel Mohler to provide
advisory services to the Company. As part of the agreements, Mr. Tennenhaus and Mr. Mohler received warrants to purchase 125,000
and 50,000 shares of common stock, respectively, at $0.90 per share.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">Except as noted, none of the foregoing
transactions involved any underwriters, underwriting discounts or commissions, or any public offering, and the Registrant believes
each transaction was exempt from the registration requirements of the Securities Act as stated above. All recipients of the foregoing
transactions either received adequate information about the Registrant or had access, through their relationships with the Registrant,
to such information. Furthermore, the Registrant affixed appropriate legends to the share certificates and instruments issued in
each foregoing transaction setting forth that the securities had not been registered and the applicable restrictions on transfer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt"><B>Item 16.&#9; Exhibits and Financial Statement Schedules.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">The following exhibits are filed with this registration statement:</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: 11%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-decoration: underline"><U>No.</U></TD>
    <TD STYLE="width: 89%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-decoration: underline"><U>Description</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">2.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Plan of Reorganization, dated March 18, 2014.*</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">3.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Amended and Restated Certificate of Incorporation of the Company*</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">3.2</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Amendment to Amended and Restated Certificate of Incorporation of the Company*</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">3.3</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Bylaws of the Company*</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">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">4.2</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Subscription Agreement for the Offering (incorporated by reference to Exhibit 4.2 filed together with the Company&#8217;s Amendment No. 1 to the Registration Statement on Form S-1 on October 7, 2015)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">4.3</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Warrant for the Offering (incorporated by reference to Exhibit 4.3 filed together with the Company&#8217;s Amendment No. 1 to the Registration Statement on Form S-1 on October 7, 2015)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">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<U>+</U> <STRIKE>(incorporated by reference to Exhibit 5.1 filed together with the Company&#8217;s Amendment No. 2 to the Registration Statement on Form S-1 on October 20, 2015)</STRIKE></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Amended Employment Agreement by and between the Company and Isaac Dietrich (incorporated by reference to Exhibit 10.4 to the Company&#8217;s Annual Report on Form 10-K filed on March 31, 2015)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.2</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Amended Employment Agreement between the Company and Daniel Hunt (incorporated by reference to Exhibit 10.1 to the Company&#8217;s Current Report on Form 8-K filed on June 19, 2015)</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.3</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Employment Agreement by and between the Company and Stewart Fortier, dated April 1, 2014*</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.4</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Amendment to Employment Agreement by and between the Company and Tyler Knight &nbsp;(incorporated by reference to Exhibit 10.3 to the Company&#8217;s Annual Report on Form 10-K filed on March 31, 2015)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.5</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Lease by and between the Company and RVOF Market Center LLC (incorporated by reference to Exhibit 10.2 to the Company&#8217;s Annual Report on Form 10-K filed on March 31, 2015)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.6</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Subscription Agreement dated May 26, 2015, between MassRoots and Flowhub (incorporated by reference to Exhibit 10.1 to the Company&#8217;s Current Report Form 8-K filed on May 28, 2015)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.7</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Parse Services Hosting Agreement, dated December 18, 2013, by and between Parse, LLC and the Company*</TD></TR>
</TABLE>

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<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: 11%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.8</TD>
    <TD STYLE="width: 89%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Consulting Agreement, dated March 18, 2014, by and between Dutchess Opportunity Fund, II, LP and the Company*</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.9</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Security Agreement from the March 2014 Offering*</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.10</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Subscription Agreement from the March 2014 Offering *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.11</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Debenture Registration Rights Agreement from the March 2014 Offering*</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.12</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">2014 Stock Incentive Plan and forms of stock option agreement and stock award agreement thereunder.*</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.13</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Agreement between Chardan Capital Markets, LLC, and the Company (incorporated by reference to Exhibit 10.1 to the Company&#8217;s Annual Report on Form 10-K filed on March 31, 2015)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.14</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Consulting Agreement, dated May 1, 2015, by and between Jesus Quintero and the Company (incorporated by reference to Exhibit 10.3 to the Company&#8217;s Quarterly Report on Form 10-Q filed on May 15, 2015)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.15</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Consulting Agreement between MassRoots and Demeter Capital, dated June 15, 2015 (incorporated by reference to Exhibit 10.1 to the Company&#8217;s Quarterly Report on Form 10-Q filed on July 22, 2015)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.16</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Investment Banking Agreement between Chardan and the Company, dated September 24, 2015 (incorporated by reference to Exhibit 10.16 filed together with the Company&#8217;s Amendment No. 1 to the Registration Statement on Form S-1 on October 7, 2015)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.17</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Amended Employment Agreement between the Company and Hyler Fortier (incorporated by reference to Exhibit 10.19 filed along with Post-Effective Amendment No. 2 to the Company&#8217;s Registration Statement on Form S-1 on August 11, 2015)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.18</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Common Stock Warrant from March 2014 Offering (incorporated by reference to Exhibit 4.2 filed together with the Company&#8217;s Registration Statement on Form S-1 on June 6, 2014)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.19</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Debenture Agreement from March 2014 Offering (incorporated by reference to Exhibit 4.3 filed together with the Company&#8217;s Registration Statement on Form S-1 on June 6, 2014)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.20</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Form of Debenture Warrant from March 2014 Offering (incorporated by reference to Exhibit 4.4 filed together with the Company&#8217;s Registration Statement on Form S-1 on June 6, 2014)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.21</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Consulting Warrant, from March 2014 Offering (incorporated by reference to Exhibit 4.5 filed together with the Company&#8217;s Registration Statement on Form S-1 on June 6, 2014)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.22</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Employment Agreement between the Company and Jesus Quintero (incorporated by reference to Exhibit 10.22 filed together with the Company&#8217;s Amendment No. 1 to the Registration Statement on Form S-1 on October 7, 2015)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">14.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Code of Ethics of the Company (incorporated by reference to Exhibit 14.1 to the Company&#8217;s Annual Report on Form 10-K filed on March 31, 2015)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">23.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Consent of N.K.A. L&amp;L CPAs, PA, formally known as Bongiovanni &amp; Associates, P.A.+</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">23.2</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>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">* Incorporated by reference to the exhibit of the same number
filed together with the Company&#8217;s Registration Statement on Form S-1 on June 6, 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">+ Filed hereby with this registration statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">XBRL Exhibits are incorporated by reference to XBRL Exhibits
filed together with the Company&#8217;s Amendment No. 1 to the Registration Statement on Form S-1 on October 7, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt"><B>Item 17.&#9; Undertakings.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">(a)&#9;The undersigned registrant hereby
undertakes:</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(1)</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:&nbsp;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">i.</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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">ii.</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 &#8220;Commission&#8221;) 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 &#8220;Calculation
of Registration Fee&#8221; table in the effective registration statement;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">iii.</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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(2)</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.&nbsp;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(3)</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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(4)</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.&nbsp;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(5)</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="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 0 6pt 0.5in; text-align: justify; text-indent: -0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar
as indemnification for liabilities arising under the Securities Act 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
Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act 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 and 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
hereby, 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</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="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in; text-align: justify">the question whether such indemnification
by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in; text-align: justify; text-indent: -0.5in">&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
undersigned Registrant hereby undertakes that it will:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in; text-align: justify; text-indent: -0.25in">(1)&nbsp;&nbsp;&nbsp;for
determining any liability under the Securities Act, treat the information omitted from the form of prospectus filed as part of
this registration statement in reliance upon Rule 430A and contained in a form of prospectus filed by the registrant under Rule
424(b)(1), or (4) or 497(h) under the Securities Act as part of this registration statement as of the time the Commission declared
it effective.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in; text-align: justify; text-indent: -0.25in">(2)&nbsp;&nbsp;for
determining any liability under the Securities Act, treat each post-effective amendment that contains a form of prospectus as a
new registration statement for the securities offered in the registration statement, and that offering of the securities at that
time as the initial bona fide offering of those securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</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 0 6pt; text-align: justify; text-indent: 0.5in">Pursuant to the requirements
of the Securities Act of 1933, the registrant has duly caused this Registration Statement on Form S-1 to be signed on its behalf
by the undersigned, thereunto duly authorized, in the City of Denver, State of Colorado, on <STRIKE>October 27, 2015</STRIKE><U>October
29, 2015</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>MASSROOTS, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 91%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>By:</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>/s/ Isaac Dietrich &nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
        Isaac Dietrich</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Chief Executive Officer</P></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="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0.5in">Pursuant to 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="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; 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: 32%"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Signatures</B></FONT></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 41%"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Title</B></FONT></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 23%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Date</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>/s/ Isaac Dietrich</I></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">Principal Executive Officer and Chairman of the Board of Directors </FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><STRIKE>October 27, 2015</STRIKE><U>October 29, 2015</U></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">Isaac Dietrich&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>/s/ Tripp Keber</I></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">Director</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><STRIKE>October 27, 2015</STRIKE><U>October 29, 2015</U></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">Tripp Keber</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>/s/ Tyler Knight</I></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">Director, Chief Marketing Officer</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><STRIKE>October 27, 2015</STRIKE><U>October 29, 2015</U></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">Tyler Knight </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>/s/ Stewart Fortier</I></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">Director, Chief Technology Officer</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><STRIKE>October 27, 2015</STRIKE><U>October 29, 2015</U></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">Stewart Fortier</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>/s/ Ean Seeb</I></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">Director</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><STRIKE>October 27, 2015</STRIKE><U>October 29, 2015</U></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">Ean Seeb</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
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    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>/s/ Jesus </I></FONT><I>Quintero</I></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">Chief Financial Officer and Chief Accounting Officer</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><STRIKE>October 27, 2015</STRIKE><U>October 29, 2015</U></TD></TR>
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    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">Jesus </FONT>Quintero</TD>
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    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>/s/ Daniel Hunt</I></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">Chief Operating Officer</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><STRIKE>October 27, 2015</STRIKE><U>October 29, 2015</U></TD></TR>
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    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">Daniel Hunt</FONT></TD>
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