<SEC-DOCUMENT>0000721748-15-000588.txt : 20150811
<SEC-HEADER>0000721748-15-000588.hdr.sgml : 20150811
<ACCEPTANCE-DATETIME>20150811171906
ACCESSION NUMBER:		0000721748-15-000588
CONFORMED SUBMISSION TYPE:	POS AM
PUBLIC DOCUMENT COUNT:		11
FILED AS OF DATE:		20150811
DATE AS OF CHANGE:		20150811

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:		POS AM
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-196735
		FILM NUMBER:		151044788

	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>
<DOCUMENT>
<TYPE>POS AM
<SEQUENCE>1
<FILENAME>msrt080615posam.htm
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
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<P STYLE="margin: 0; text-align: center">As filed with the Securities and Exchange Commission
on August 11, 2015</P>

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

<P STYLE="margin: 0; text-align: right">Registration No.
333- 196735</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>POST EFFECTIVE AMENDMENT NO. 2</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></B>&nbsp;</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">&nbsp;</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%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="margin: 0; text-align: center; width: 34%"><B>Delaware</B></TD>
    <TD STYLE="margin: 0; text-align: center; width: 33%"><FONT><B>7370</B></FONT></TD>
    <TD STYLE="margin: 0; text-align: center; width: 33%"><B>46-2612944</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="margin: 0; text-align: center"><I>(State or other jurisdiction
    of incorporation or organization)</I></TD>
    <TD STYLE="margin: 0; text-align: center"><I>(Primary Standard Industrial
    Classification Code Number)</I></TD>
    <TD STYLE="margin: 0; text-align: center"><I>(I.R.S. Employer Identification
    Number)</I></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 36%; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="margin: 0; text-align: center"><B>Peter J. Gennuso, Esq.</B></P>
        <P STYLE="font: 10pt Times New (W1); margin: 0; text-align: center"><B>Christopher A. Moore, Esq.</B></P>
        <P STYLE="font: 10pt Times New (W1); 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 (W1); margin: 0; text-align: center"><B>Fax: (212) 344-6101</B></P></TD>
    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New (W1); text-align: center">&nbsp;</TD>
    <TD STYLE="width: 30%; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New (W1); margin: 0; text-align: center"><B>Isaac Dietrich, </B></P>
        <P STYLE="font: 10pt Times New (W1); margin: 0; text-align: center"><B>Chief Executive Officer</B></P>
        <P STYLE="font: 10pt Times New (W1); margin: 0; text-align: center"><B>MassRoots, Inc.</B></P>
        <P STYLE="font: 10pt Times New (W1); margin: 0; text-align: center"><B>1624 Market Street, Suite 201, Denver, CO 80202</B></P>
        <P STYLE="font: 10pt Times New (W1); margin: 0; text-align: center"><B>Tel: (720) 442-0052</B></P>
        <P STYLE="font: 10pt Times New (W1); margin: 0; text-align: center"><B>&nbsp;</B></P></TD></TR>
</TABLE>
<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>


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

<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>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font-size: 10pt; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 18%">Large accelerated filer</TD>
    <TD STYLE="width: 2%">[ ]</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 29%">Accelerated filer</TD>
    <TD STYLE="width: 2%">[ ]</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 18%">Non-accelerated filer</TD>
    <TD STYLE="width: 2%">[ ]</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 24%">Smaller Reporting Company</TD>
    <TD STYLE="width: 2%">[x]</TD>
    </TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 8pt">(Do not check if a smaller reporting company)</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="margin-top: 0; margin-bottom: 0; text-align: center"><B>____________________</B></P>

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

<P STYLE="margin: 0; text-align: justify"><B>This registration statement shall hereafter become effective
in accordance with the provisions of section 8(c) of the Securities Act of 1933, as amended</B> <B>on such date as the Commission,
acting pursuant to Section 8(c), may determine.</B></P>

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

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

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

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

<P STYLE="margin: 0; text-align: justify"><B>This Post-Effective Amendment No. 2 to the Registration
Statement on Form S-1 of MassRoots, Inc. (the &#8220;Company&#8221;), originally became effective by the Securities and Exchange
Commission (the &#8220;SEC&#8221;) on September 15, 2014, is being filed pursuant to the undertakings in Item 17 of the Registration
Statement to include the information contained in the Company&#8217;s Annual Report on Form 10-K for the fiscal year ended December
31, 2014, that was filed with the SEC on March 31, 2015. &nbsp;We have also included information with respect to the quarters
ended March 31, 2015, and June 30, 2015 that were subject of a Form 10-Q filing made on May 15, 2015 and July 21, 2015, respectively,
and other updating information throughout the Registration Statement, as well as responded to SEC comments to the Company&#8217;s
Post-Effective Amendment No. 1. </B></P>

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

<P STYLE="margin: 0; text-align: justify"><B>The information included in this filing amends this Registration
Statement and the Prospectus contained therein. No additional securities are being registered under this Post-Effective Amendment
No. 2. All applicable registration fees were paid at the time of the original filing of the Registration Statement. </B></P>


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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;<IMG SRC="image_006.jpg" 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"><B>MASSROOTS, INC.</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>49,148,192 Shares of Common Stock</B></P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</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 resale from
time-to-time of up to 49,148,192 shares of our common stock by selling security holders, of which: (1) 38,842,783 shares are issued
and outstanding; (2) 2,091,000 shares are issuable upon the conversion of outstanding convertible debentures; and (3) 8,113,659
shares are issuable upon the exercise of outstanding warrants. The selling security holders named in this prospectus are offering
to sell shares of our common stock of MassRoots, Inc. through this prospectus and they may be deemed &#8220;underwriters&#8221;
as that term is defined in Section 2(a)(11) of the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;).</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 August 3, 2015, the last closing sale price of our common stock was $1.01 per share. The
selling security holders will pay all brokerage commissions and discounts attributable to the sale of the shares, plus brokerage
fees. The selling security holders will receive all of the net proceeds from the offering.</P>

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

<P STYLE="margin: 0; text-align: justify">The selling security holders may use any one or
more of the following methods when selling shares: (i) ordinary brokerage transactions and transactions in which the broker-dealer
solicits purchasers; (ii) block trades in which the broker-dealer will attempt to sell the shares as agent but may position and
resell a portion of the block as principal to facilitate the transaction; (iii) purchases by a broker-dealer as principal and
resale by the broker-dealer for its account; (iv) an exchange distribution in accordance with the rules of the applicable exchange;
(v) privately negotiated transactions; (vi) effected short sales after the date the registration statement of which this prospectus
is a part is declared effective by the SEC; (vii) through the writing or settlement of options or other hedging transactions,
whether through options exchange or otherwise; (viii) broker-dealers may agree with the selling security holders to sell a specified
number of such shares at a stipulated price per share; and (ix) a combination of any such methods of sale.</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">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 5.</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="" STYLE="height: 3px; width: 398px"></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">The date of this prospectus is August 11, 2015&nbsp;</P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><A NAME="TableofContents"></A><B><A NAME="TableOfContents" TITLE="Table of Contents"></A>TABLE OF CONTENTS</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; background-color: rgb(204,238,255)">
    <TD STYLE="width: 96%; text-align: left; padding-left: 0in">PROSPECTUS SUMMARY</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%; text-align: right">3</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0in">THE OFFERING</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0in">THE REORGANIZATION AND PREVIOUS OFFERINGS</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0in">SUMMARY FINANCIAL DATA</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0in">RISK FACTORS</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0in">NOTE ABOUT FORWARD-LOOKING STATEMENTS</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0in">TAX CONSIDERATIONS</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0in">USE OF PROCEEDS</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0in">DETERMINATION OF OFFERING PRICE</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0in">DIVIDEND POLICY</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0in">CAPITALIZATION</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0in">SELLING SECURITY HOLDERS</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0in">PLAN OF DISTRIBUTION</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">27</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0in">DESCRIPTION OF BUSINESS</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0in">PROPERTIES</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">40</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0in">DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS, AND CONTROL PERSONS</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">40</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0in">EXECUTIVE COMPENSATION</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">44</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0in">SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">48</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0in">DESCRIPTION OF SECURITIES</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">49</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <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: left">&nbsp;</TD><TD STYLE="text-align: right">51</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0in">DECEMBER 31, 2014 FINANCIAL STATEMENTS</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">68</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0in">MARCH 31, 2015 FINANCIAL STATEMENTS (UNAUDITED)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">83</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0in">JUNE 30, 2015 FINANCIAL STATEMENTS (UNAUDITED) </TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">93</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0in">LEGAL MATTERS</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">115</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0in">EXPERTS</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">115</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0in">WHERE YOU CAN FIND MORE INFORMATION</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">115</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="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">&nbsp;PROSPECTUS SUMMARY</P>

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

<P STYLE="margin: 0; text-align: justify"><I>This summary highlights certain information appearing
elsewhere in this prospectus. This summary is not complete and does not contain all of the information you should consider prior
to investing. 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;The Reorganization And Previous Offerings&#8221; for additional discussion of the
Exchange and Reorganization. </I></P>

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

<P STYLE="margin: 0; text-align: justify; font-weight: bold">The MassRoots Story &#8211; Our
Company</P>

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

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="font-weight: normal">MassRoots,
Inc. was formed on April 24, 2013 to be a social network for the cannabis community. Given the history of cannabis in the United
States, many people would prefer to keep their cannabis experiences separate from Facebook, Instagram and Twitter where a user&#8217;s
family, co-workers and employers may be connected with them. Our goal was to provide a platform where users were not required
to provide personally identifiable information, and to create a semi-anonymous environment where users feel comfortable posting
about cannabis.</FONT></P>

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

<P STYLE="margin: 0; text-align: justify">MassRoots launched in the App Store in July
2013 and in our first 6 weeks we obtained about 6,500 users. We took that initial traction to the ArcView Group meeting in September
2013, where we were able to raise seed capital of $150,000. From October 2013 to March 2014, we invested those funds into scaling
our network to 100,000 users. In March 2014, we closed a $475,000 common stock round, investing half the funds into becoming a
publicly traded company and half the funds into continuing to scale our network. By September 2014, MassRoots had grown into a
community of 170,000 users and our Registration Statement on Form S-1 went effective by operation of law in September 2014. We
then began a common stock round, closing $776,000 from September 2014 to March 2015, and completed an additional $576,200 in April
2014. We have invested these funds into growing and scaling our network, which reached 325,000 users in May 2015.</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 300 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 Q3 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.<B> </B></P>

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

<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">To date, MassRoots has mainly focused
on building out its user-facing platforms and growing its network; businesses are only interested in advertising on networks with
a large and active user base, which we are just now starting to achieve. 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 magazine, 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. Additionally,
the most active users on MassRoots are generally the most active cannabis users, offering an engaging audience for advertisers
to communicate with directly.</TD>
</TR></TABLE>

<TABLE CELLPADDING="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</TD>
</TR></TABLE>

<TABLE CELLPADDING="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">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>

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<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 magazine, 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">&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">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>

<TABLE CELLPADDING="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 325,000
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">&nbsp;</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 the 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>

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<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 325,000
users and continues to 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">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify; font-weight: bold">Government Regulation</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; font-weight: bold">Company Information</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; font-weight: bold">Emerging Growth Company</P>

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

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

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

<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>

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

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

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">THE OFFERING</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="width: 35%; text-align: justify">Securities offered</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 63%; text-align: justify">Up to 49,148,192 shares of our common stock.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top">Offering price</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">The selling stockholders will offer their shares at prevailing market or privately negotiated prices, in one or more transactions that may take place by ordinary broker's transactions, privately-negotiated transactions or through sales to one or more dealers for resale.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top">Common stock issued and outstanding before this offering</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">43,692,738 shares.</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>&nbsp;</TD>
    <TD STYLE="text-align: justify">53,897,397 shares, if all shares are sold (and therefore, all shares underlying convertible debentures and warrants included in this offering are converted and exercised, respectively.)</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>&nbsp;</TD>
    <TD STYLE="text-align: justify">We will not receive any proceeds from the resale of the common stock or the conversion of outstanding convertible debentures into common stock.&nbsp;&nbsp;However, we may receive up to $1,904,050 in gross proceeds from the exercise of outstanding warrants.&nbsp;&nbsp;For a more complete description, 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>&nbsp;</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>&nbsp;</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 August 3, 2015, was $1.01 per share.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top">Dividends</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><P STYLE="font: 10pt Times New (W1); 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></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">&middot;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">2,091,000 shares that are issuable upon the conversion of outstanding convertible
debentures, the underlying shares of which are 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">&middot;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">8,113,659 shares that are issuable upon the exercise of outstanding warrants; the
underlying shares of which are 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">&middot;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">1,016,000 shares of common stock not included in this offering that are issuable upon
the exercise of warrants 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">&middot;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">2,320,000 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. &nbsp; The number of shares
of our common stock that will be outstanding after completion of this offering excludes:</TD>
</TR></TABLE>

<TABLE CELLPADDING="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">&middot;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">1,016,000 shares of common stock not included in this offering that are issuable upon
the exercise of warrants 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">&middot;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">2,320,000 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. &nbsp; Except as otherwise indicated,
per share amounts and shares in this prospectus have been adjusted to reflect the &#8220;Exchange&#8221; which occurred during
our &#8220;Reorganization.&#8221; These post-Exchange amounts are shown in addition original unadjusted amounts for ease of comparison.</TD>
</TR></TABLE>


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




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

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

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

<P STYLE="margin: 0; text-align: justify"><I>The following is a discussion detailing
the transactions in which the selling security holders acquired the securities offered under this prospectus. </I></P>

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

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

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<P STYLE="margin: 0; text-align: justify">MassRoots was incorporated in the state of Delaware on April
24, 2013. Our original Certificate of Incorporation authorized the issuance of 1,000 shares of common stock with a par value of
$1.00 per share. On April 24, 2013, the Company approved the issuance of 15.25 shares of common stock (4,646,136 shares post&#45;Exchange,
as defined herein) to the Company&#8217;s CEO and Chairman, Isaac Dietrich, to repay $17,053 in short term borrowings from him
and for services provided. The Company also approved the issuance of 3.75, 3.00, and 3.00 shares of common stock (1,142,493, 913,994,
and 913,994 shares post-Exchange) to the Company&#8217;s officers, Hyler Fortier, Stewart Fortier, and Tyler Knight, respectively,
in exchange for their services. 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 (approximately $0.000003 per share
post-Exchange) 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 that date, all outstanding options were exercised at that time by each officer named herein. </P>

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

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

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

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

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

<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 (&#8220;Debenture Warrants&#8221;);
and (ii) 2,059,000 shares of our common stock at $0.10 per share (&#8220;Common Stock&#8221;) 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 (the
&#8220;Common Stock Warrants&#8221;, together with the Debentures, the Debenture Warrants, and the Common Stock, the
&#8220;March 2014 Offering&#8221;). Five investors received Debentures and Debenture Warrants, while 36 accredited and
unaccredited investors received the Common Stock and Common Stock 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">The Debentures mature on March 24, 2016 and
do not accrue interest. If any amount of the Debentures remains outstanding on March 24, 2016, the unconverted portion of the
Debentures shall automatically be converted into shares of Company&#8217;s common stock at $0.10 per share. Each of the Debenture
Warrants and Common Stock Warrants may be exercised any time after their issuance date through and including the third anniversary
of their issuance date.</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 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"></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 (the &#8220;$0.001 Consulting Warrants&#8221;), and a warrant exercisable
into 2,375,000 shares of our common stock at $0.40 per share (the &#8220;$0.40 Consulting Warrants&#8221;, and together with the
$0.001 Consulting Warrants, the &#8220;Consulting Warrants&#8221;) (the $0.40 Consulting Warrants, the Common Stock Warrants,
and the Debenture Warrants, are collectively known as the &#8220;$0.40 Warrants&#8221;). The Consulting Warrants may be exercised
any time after their issuance date through and including the third anniversary of their issuance date.. The Company also granted
certain registration rights to Dutchess covering all shares of common stock issuable upon the excise of the Consulting Warrants.</P>

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

<P STYLE="margin: 0; text-align: justify">Each of the Debentures, the Debenture Warrants,
the Common Stock Warrants, and Consulting Warrants contain a provision which prevent the Company from effecting the conversion
or exercise of the respective debenture or warrant, to the extent that, as a result of such conversion or exercise, the holder
beneficially owns more than 4.99%, in the aggregate, of the issued and outstanding shares of the Company's common stock calculated
immediately after giving effect to the issuance of shares of common stock upon the conversion or exercise (collectively, the &#8220;4.99%
Blocker&#8221;).</P>

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

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

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

<P STYLE="margin: 0; 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, the Company&#8217;s Chief Financial
Officer, received a stock award of 100,000 shares of our common stock as compensation for their service. Each of Ean Seeb, Tripp
Keber, and Sebastian Stant also received unvested options to purchase shares of our common stock pursuant to our 2014 Equity Incentive
Plan; shares of common stock underlying such options are not covered under this registration statement (see &#8220;Executive Compensation&#8221;
for more details).</P>




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

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

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

<P STYLE="margin: 0; text-align: justify">The following summary of our financial data should be read
in conjunction with, and is qualified in its entirety by reference to &#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="margin: 0; text-align: justify">&nbsp;</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&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; 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></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 40%">Revenue</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 16%; 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">$</TD><TD STYLE="width: 16%; text-align: right">941</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 16%; 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>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Loss from operations</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,607,223</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>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><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>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</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;&nbsp;</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&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); 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></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 40%">Cash</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 16%; text-align: right">141,928</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 16%; 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">$</TD><TD STYLE="width: 16%; text-align: right">171,363</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Total assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</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: 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></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Total liabilities</TD><TD>&nbsp;</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">$</TD><TD STYLE="text-align: right">634,156</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Total stockholders&rsquo; equity (deficit)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(946,799</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(489,736</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</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"></P>

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

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">RISK FACTORS</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"><B><I>&nbsp;</I></B></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">&nbsp;</P>

<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 two years of corporate
operational history, it is extremely difficult to make accurate predictions and forecasts on our user growth and 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.</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"></P>

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<P STYLE="margin: 0; text-align: justify">To date, we have been able to sustain
approximately 325,000 users with only minor issues. As we potentially scale to hundreds of thousands and 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>

<TABLE CELLPADDING="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">&nbsp;</P>

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

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

<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
$1,000,000 in additional capital to fund our operations through December 31, 2015. 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">&nbsp;</P>

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

<P STYLE="margin: 0; 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="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>

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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"><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 March 4, 2015, 23 states and
the District of Columbia allow their citizens to use medical cannabis. Additionally, Colorado and Washington have legalized cannabis
for adult use at the state 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>

<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>

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

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

<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>

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

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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">&middot;</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-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&middot;</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">&nbsp;</P>

<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 </U></B></P>

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

<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>

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<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">We currently have outstanding
warrants to purchase a total of 4,087,500 shares of our common stock at an exercise price of $0.40; outstanding warrants to
purchase 3,113,659 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; and outstanding warrants to purchase 100,000
shares of our common stock at an exercise price of $0.50 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 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 43,672,738 shares of common stock are issued and outstanding as of July 22, 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>

<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>

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<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. 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 70% 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; font-weight: bold">NOTE ABOUT FORWARD-LOOKING STATEMENTS</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;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>

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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">&#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; font-weight: bold">TAX CONSIDERATIONS</P>

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

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

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

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

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

<P STYLE="margin: 0; text-align: justify">We will not receive any proceeds from the resale of
the common stock or the conversion of the Debentures. However, we may receive up to $1,904,050 in gross proceeds from the exercise
of outstanding warrants.&nbsp;Any proceeds received by us pursuant to our exercise of the outstanding warrants 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.</P>

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

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

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

<P STYLE="margin: 0; text-align: justify">The selling stockholders will offer their shares at
prevailing market or privately negotiated prices, in one or more transactions that may take place by ordinary broker's transactions,
privately-negotiated transactions or through sales to one or more dealers for resale. The selling stockholders will receive all
proceeds from the sale of the common stock. However, we may receive up to $2,011,366 in gross proceeds from the exercise of outstanding
warrants. Our common stock is currently listed for quotation on the OTCQB under the symbol &#8220;MSRT.&#8221;</P>

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

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

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

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

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

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

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

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

<P STYLE="margin: 0; text-align: justify">The following table sets forth our capitalization as of&nbsp;December
31, 2014, 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="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify"><B>Shareholders&#8217; Equity</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>As&nbsp;of
December 31, 2014</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: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>As&nbsp;of
March 31, 2015</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: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>As&nbsp;of
June 30, 2015</B></P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 0pt; padding-left: 0pt">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: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 14%; text-align: right">38,909,000</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: 14%; text-align: right">40,817,000</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: 14%; 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: 0pt">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: 0pt">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">(5,927,432</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0pt">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"><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;.</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; font-weight: bold; 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; 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">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="text-align: justify">Second quarter</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">7.01</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1.02</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 August 3, 2015, was $1.01 per share.</P>

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

<P STYLE="margin: 0; text-align: justify">As of July 22, 2015, there were 96 shareholders
of record.</P>

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

<P STYLE="margin: 0; text-align: justify">As of July 22, 2015, there were 43,692,738 shares of our
common stock issued and outstanding and 1,871,233 shares to be issued. In addition, on the same date, 13,540,659 shares of our
common stock were subject to convertible debentures or warrants to purchase our common stock, or shares of common stock were issuable
upon the exercise of options.</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"><B>&nbsp;</B></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; font-weight: bold">
    <TD STYLE="border-bottom: Black 1pt solid">Plan category</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="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="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="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">Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a))</TD></TR>
<TR STYLE="text-align: center; background-color: rgb(204,238,255); font-weight: bold; vertical-align: bottom">
    <TD STYLE="padding-left: 1.5pt"></TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>(a)</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>(b)</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>(c)</TD><TD>&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: 50%; 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: 11%; 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">$</TD><TD STYLE="width: 11%; text-align: right">0.10</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 16%; text-align: right">1,100,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 1.5pt">Equity compensation plans not approved by security holders</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; padding-left: 1.5pt">&nbsp;&nbsp;&nbsp;Total</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,900,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</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>

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

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

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

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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> 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;<B>&nbsp;</B></P>

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

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

<P STYLE="margin: 0; text-align: justify">This prospectus will be used for the offering of shares of
our common stock owned by the selling security holders named herein. The selling security holders may offer for sale from time-to-time
up to 49,148,192 shares of our common stock owned by them (or that are underlying the Debentures and/or warrants owned by them),
acquired in transactions as described in &#8220;The Reorganization and Previous Offerings&#8221; section of this prospectus.</P>

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

<P STYLE="margin: 0; text-align: justify">The following table provides information about
each selling security holder including how many shares of our common stock they own, how many shares are offered for sale by this
prospectus, and the number and percentage of outstanding shares each selling security holder will own after the offering, assuming
all shares covered by this prospectus are sold. The information concerning beneficial ownership has been taken from, provided
to us by the selling security holders, our stock transfer records and information provided by a non-objecting beneficial owner
shareholder list. Information concerning the selling security holders may change from time to time, and any changed information
will be set forth if and when required in prospectus supplements or other appropriate forms permitted to be used by the SEC. We
do not know when or in what amounts a selling security holder may offer shares for sale. The selling security holders may not
sell any or all of the shares offered by this prospectus.</P>

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

<P STYLE="margin: 0; text-align: justify">Unless otherwise indicated, the selling security
holders have sole voting and investment power with respect to their shares of common stock to the best knowledge of the Company.
All of the information contained in the table below is based upon information provided to us by the selling security holders,
by a non-objecting beneficial owner shareholder list and stock transfer records and we have not independently verified this information.
The selling security holders may have sold, transferred or otherwise disposed of, or may sell, transfer or otherwise dispose of,
at any time or from time to time since the date on which it provided the information regarding the shares beneficially owned,
all or a portion of the shares beneficially owned. The selling security holders are not making any representation that any shares
covered by this prospectus will be offered for sale.</P>

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

<P STYLE="margin: 0; text-align: justify">The percentages of beneficial ownership are
based on 43,692,738 shares of our common stock issued and outstanding as of July 22, 2015. Under Rule 13d-3, beneficial ownership
includes any shares as to which a selling security holder has sole or shared voting power or investment power and also any shares
which that selling security holder has the right to acquire within 60 days of the date of this prospectus through the exercise
of any stock option, warrant or other rights.</P>

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

<P STYLE="margin: 0; text-align: justify"><B>Selling Security Holders</B></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">
    <TD STYLE="border-bottom: Black 1pt solid">Name</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid"><P STYLE="margin: 0"><B>Number&nbsp;of
shares of common stock owned&nbsp;before offering (a)</B></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><P STYLE="margin: 0"><B>Number&nbsp;of
securities to&nbsp;be offered (a)</B></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><P STYLE="margin: 0"><B>Number&nbsp;of
securities owned&nbsp;after offering (b)</B></P></TD>
    <TD COLSPAN="2" STYLE="margin: 0; border-bottom: Black 1pt solid"><P STYLE="margin: 0"><B>Percentage&nbsp;of securities
owned&nbsp;after offering (b)</B></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid">Position, Office or other material relationship to the Company within last three years (c)</TD></TR>
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 20%; text-align: left; padding-left: 0.05in">Isaac Dietrich</TD>
    <TD STYLE="width: 2%; text-align: right">(1)</TD>
    <TD STYLE="width: 17%; text-align: center">17,703,831</TD>
    <TD STYLE="width: 17%; text-align: center">17,688,831</TD>
    <TD STYLE="width: 17%; text-align: center">15,000</TD>
    <TD STYLE="width: 10%; text-align: right">*</TD>
    <TD STYLE="width: 1%">%</TD>
    <TD STYLE="width: 16%; text-align: left; padding-left: 0.05in">Chief Executive Officer and Chairman.</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.05in">Douglas Leighton</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: center">10,813,610</TD>
    <TD STYLE="text-align: center">10,813,610</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 0.05in">Former Director (October 2013 &ndash; March 2014).</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.05in">Michael Novielli</TD>
    <TD STYLE="text-align: right">(3)</TD>
    <TD STYLE="text-align: center">8,118,841</TD>
    <TD STYLE="text-align: center">8,118,841</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 0.05in">Principal of Dutchess Opportunity Fund II, LP.</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.05in">Dutchess Opportunity Fund II, LP</TD>
    <TD STYLE="text-align: right">(4)</TD>
    <TD STYLE="text-align: center">7,368,841</TD>
    <TD STYLE="text-align: center">7,368,841</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 0.05in">Consultant to the March 2014 Offering, Controlled by our former Director, Douglas Leighton, and Michael Novielli.</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.05in">Hyler Fortier</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">4,569,970</TD>
    <TD STYLE="text-align: center">4,569,970</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 0.05in">Director of Branding (June 2015 to present); former Chief Operations Officer (March 2013 to June 2015), sister of Stewart Fortier.</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.05in">Stewart Fortier</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: center">3,685,976</TD>
    <TD STYLE="text-align: center">3,655,976</TD>
    <TD STYLE="text-align: center">30,000</TD>
    <TD STYLE="text-align: right">*</TD>
    <TD>%</TD>
    <TD STYLE="text-align: left; padding-left: 0.05in">Chief Technology Officer, Director, brother of Hyler Fortier.</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.05in">Tyler Knight</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">3,655,976</TD>
    <TD STYLE="text-align: center">3,655,976</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 0.05in">Chief Marketing Officer, Director</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.05in">Bass Point Capital, LLC</TD>
    <TD STYLE="text-align: right">(6)</TD>
    <TD STYLE="text-align: center">1,771,398</TD>
    <TD STYLE="text-align: center">1,771,398</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.05in">WM18 Finance, Ltd.</TD>
    <TD STYLE="text-align: right">(7)</TD>
    <TD STYLE="text-align: center">1,834,374</TD>
    <TD STYLE="text-align: center">1,834,374</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.05in">Rother Investments, LLC</TD>
    <TD STYLE="text-align: right">(8)</TD>
    <TD STYLE="text-align: center">1,825,104</TD>
    <TD STYLE="text-align: center">1,825,104</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.05in">Zach Harvey</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">625,000</TD>
    <TD STYLE="text-align: center">625,000</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.05in">Dave Hall</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">625,000</TD>
    <TD STYLE="text-align: center">625,000</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.05in">Dutchess Global Strategies Fund, LLC</TD>
    <TD STYLE="text-align: right">(9)</TD>
    <TD STYLE="text-align: center">750,000</TD>
    <TD STYLE="text-align: center">750,000</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.05in">Azure Capital Corp.</TD>
    <TD STYLE="text-align: right">(10)</TD>
    <TD STYLE="text-align: center">750,000</TD>
    <TD STYLE="text-align: center">750,000</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.05in">Paradox Development, LLC</TD>
    <TD STYLE="text-align: right">(11)</TD>
    <TD STYLE="text-align: center">555,750</TD>
    <TD STYLE="text-align: center">555,750</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.05in">Mike Sullivan</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">331,021</TD>
    <TD STYLE="text-align: center">331,021</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.05in">Daniel Hunt</TD>
    <TD STYLE="text-align: right">(12)</TD>
    <TD STYLE="text-align: center">342,497</TD>
    <TD STYLE="text-align: center">217,500</TD>
    <TD STYLE="text-align: center">124,997</TD>
    <TD STYLE="text-align: right">*</TD>
    <TD>%</TD>
    <TD STYLE="text-align: left; padding-left: 0.05in">Chief Operations Officer (June 2015 to present); former VP of Marketing (July 2014 to June 2015).</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.05in">Kevin Murphy</TD>
    <TD STYLE="text-align: right">(13)</TD>
    <TD STYLE="text-align: center">300,000</TD>
    <TD STYLE="text-align: center">300,000</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.05in">Vincent &ldquo;Tripp&rdquo; Keber, III</TD>
    <TD STYLE="text-align: right">(14)</TD>
    <TD STYLE="text-align: center">500,000</TD>
    <TD STYLE="text-align: center">250,000</TD>
    <TD STYLE="text-align: center">250,000</TD>
    <TD STYLE="text-align: right">*</TD>
    <TD>%</TD>
    <TD STYLE="padding-left: 0.05in">Director</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.05in">Ean Seeb</TD>
    <TD STYLE="text-align: right">(15)</TD>
    <TD STYLE="text-align: center">545,000</TD>
    <TD STYLE="text-align: center">250,000</TD>
    <TD STYLE="text-align: center">295,000</TD>
    <TD STYLE="text-align: right">*</TD>
    <TD>%</TD>
    <TD STYLE="padding-left: 0.05in">Director</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.05in">Sebastian Stant</TD>
    <TD STYLE="text-align: right">(16)</TD>
    <TD STYLE="text-align: center">500,000</TD>
    <TD STYLE="text-align: center">250,000</TD>
    <TD STYLE="text-align: center">250,000</TD>
    <TD STYLE="text-align: right">*</TD>
    <TD>%</TD>
    <TD STYLE="text-align: left; padding-left: 0.05in">Former Lead Developer (March 2013 until March 2015)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.05in">Christopher &ldquo;Tate&rdquo; Keogen</TD>
    <TD STYLE="text-align: right">(17)</TD>
    <TD STYLE="text-align: center">148,000</TD>
    <TD STYLE="text-align: center">148,000</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.05in">Travis Trawick</TD>
    <TD STYLE="text-align: right">(18)</TD>
    <TD STYLE="text-align: center">134,500</TD>
    <TD STYLE="text-align: center">119,500</TD>
    <TD STYLE="text-align: center">15,000</TD>
    <TD STYLE="text-align: right">*</TD>
    <TD>%</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.05in">Jessica Geran</TD>
    <TD STYLE="text-align: right">(19)</TD>
    <TD STYLE="text-align: center">68,100</TD>
    <TD STYLE="text-align: center">68,100</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.05in">Jesus Quintero</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">100,000</TD>
    <TD STYLE="text-align: center">100,000</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 0.05in">Chief Financial Officer</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.05in">Arthur Eli Kaplan</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">36,300</TD>
    <TD STYLE="text-align: center">36,300</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.05in">Jay Harman</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">75,000</TD>
    <TD STYLE="text-align: center">75,000</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.05in">Ashton Jones</TD>
    <TD STYLE="text-align: right">(20)</TD>
    <TD STYLE="text-align: center">75,000</TD>
    <TD STYLE="text-align: center">75,000</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.05in">Devon Caldwell</TD>
    <TD STYLE="text-align: right">(21)</TD>
    <TD STYLE="text-align: center">44,000</TD>
    <TD STYLE="text-align: center">44,000</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.05in">Christopher Ashley</TD>
    <TD STYLE="text-align: right">(22)</TD>
    <TD STYLE="text-align: center">37,500</TD>
    <TD STYLE="text-align: center">37,500</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.05in">Valerio Romano</TD>
    <TD STYLE="text-align: right">(23)</TD>
    <TD STYLE="text-align: center">37,500</TD>
    <TD STYLE="text-align: center">37,500</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.05in">Brian Trawick</TD>
    <TD STYLE="text-align: right">(24)</TD>
    <TD STYLE="text-align: center">37,500</TD>
    <TD STYLE="text-align: center">37,500</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.05in">Ben Shaker</TD>
    <TD STYLE="text-align: right">(25)</TD>
    <TD STYLE="text-align: center">154,997</TD>
    <TD STYLE="text-align: center">30,000</TD>
    <TD STYLE="text-align: center">124,997</TD>
    <TD STYLE="text-align: right">*</TD>
    <TD>%</TD>
    <TD STYLE="text-align: left; padding-left: 0.05in">Senior Web Developer</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.05in">Mathieu Bogrand</TD>
    <TD STYLE="text-align: right">(26)</TD>
    <TD STYLE="text-align: center">17,020</TD>
    <TD STYLE="text-align: center">17,020</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.05in">Andrew Leighton</TD>
    <TD STYLE="text-align: right">(27)</TD>
    <TD STYLE="text-align: center">20,410</TD>
    <TD STYLE="text-align: center">20,410</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 0.05in">Nephew of Douglas Leighton, our former Director.</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.05in">Brian Ohlhausen</TD>
    <TD STYLE="text-align: right">(28)</TD>
    <TD STYLE="text-align: center">15,000</TD>
    <TD STYLE="text-align: center">15,000</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.05in">Jeremy Ross</TD>
    <TD STYLE="text-align: right">(29)</TD>
    <TD STYLE="text-align: center">22,500</TD>
    <TD STYLE="text-align: center">22,500</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.05in">Michael Kemp</TD>
    <TD STYLE="text-align: right">(30)</TD>
    <TD STYLE="text-align: center">15,000</TD>
    <TD STYLE="text-align: center">15,000</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.05in">Andrew Carlone</TD>
    <TD STYLE="text-align: right">(31)</TD>
    <TD STYLE="text-align: center">15,064</TD>
    <TD STYLE="text-align: center">15,000</TD>
    <TD STYLE="text-align: center">64</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.05in">Jeffrey Immel</TD>
    <TD STYLE="text-align: right">(32)</TD>
    <TD STYLE="text-align: center">15,000</TD>
    <TD STYLE="text-align: center">15,000</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.05in">Derek Weinstein</TD>
    <TD STYLE="text-align: right">(33)</TD>
    <TD STYLE="text-align: center">5,250</TD>
    <TD STYLE="text-align: center">5,250</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.05in"></TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 8pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.05in; width: 20%">Matthew Knight</TD>
    <TD STYLE="text-align: right; width: 2%">(34)</TD>
    <TD STYLE="text-align: center; width: 17%">3,000</TD>
    <TD STYLE="text-align: center; width: 17%">3,000</TD>
    <TD STYLE="text-align: center; width: 17%">-</TD>
    <TD STYLE="text-align: right; width: 10%">-%</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 0.05in; width: 16%">Brother of Tyler Knight, our Chief Marketing Officer.</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.05in">Brittany Robertson</TD>
    <TD STYLE="text-align: right">(35)</TD>
    <TD STYLE="text-align: center">2,250</TD>
    <TD STYLE="text-align: center">2,250</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.05in">Daniel DeMarais</TD>
    <TD STYLE="text-align: right">(36)</TD>
    <TD STYLE="text-align: center">1,500</TD>
    <TD STYLE="text-align: center">1,500</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.05in">David Casey</TD>
    <TD STYLE="text-align: right">(37)</TD>
    <TD STYLE="text-align: center">1,984</TD>
    <TD STYLE="text-align: center">1,500</TD>
    <TD STYLE="text-align: center">484</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.05in">Andrew Geraci</TD>
    <TD STYLE="text-align: right">(38)</TD>
    <TD STYLE="text-align: center">1,500</TD>
    <TD STYLE="text-align: center">1,500</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.05in">Shelby Been</TD>
    <TD STYLE="text-align: right">(39)</TD>
    <TD STYLE="text-align: center">1,500</TD>
    <TD STYLE="text-align: center">1,500</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.05in">Danielle Been</TD>
    <TD STYLE="text-align: right">(40)</TD>
    <TD STYLE="text-align: center">1,500</TD>
    <TD STYLE="text-align: center">1,500</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.05in">Denice Vaughan</TD>
    <TD STYLE="text-align: right">(41)</TD>
    <TD STYLE="text-align: center">1,500</TD>
    <TD STYLE="text-align: center">1,500</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.05in">Cameron Young</TD>
    <TD STYLE="text-align: right">(42)</TD>
    <TD STYLE="text-align: center">1,500</TD>
    <TD STYLE="text-align: center">1,500</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">-%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.05in">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="margin: 0; text-align: justify">* Less than 1%.</P>

<P STYLE="margin: 0; text-align: justify">&nbsp;&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">(a)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Based on the information provided by our selling security holders, and/or our stock
transfer records and information provided by a non-objecting beneficial owner shareholder list as of July 22, 2015 and assumes
that all shares offered under this prospectus have not been sold or otherwise transferred by the selling security holders.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(b)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Assumes the selling security holder sells all of their shares offered in the offering.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(c)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The family members listed above as shareholders are all of legal age who live separate
and apart from their parents and have sole and dispositive rights over the disposal of their shares, and the voting rights attached
thereto, and are not directly or indirectly influenced or controlled by any officer or director of the company.</TD>
</TR>
<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">17,688,831 shares of our common stock are offered as part of this offering.&nbsp;&nbsp;The
remaining 15,000 shares not included in this offering include (i) 10,000 shares of common stock and (ii) 5,000 shares of common
stock issuable upon exercise of $1 warrants.</TD>
</TR>
<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">The 10,813,610 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 &nbsp;(iv)
$109,100 in 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) 3,113,659 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) $50,000 of 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 (viii) 250,000 shares
of our common stock issuable to Azure Capital, LLC upon exercise of the $0.40 Warrants.</TD>
</TR>
<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 8,118,841 shares of our common stock, aggregated without regard to the 4.99% Blocker,
includes (i) $109,100 in 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) 3,113,659 shares
of our common stock held by Dutchess issuable upon exercise of the $0.001 Consulting Warrants; (iii) $50,000 in 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 (iv) 250,000 shares of our common stock issuable to Dutchess Global Strategies
Fund, LLC upon exercise of the $0.40 Warrants.</TD>
</TR>
<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">Each of Mr. Michael Novielli and Mr. Douglas Leighton, as Managing Partners of Dutchess,
has voting power and dispositive control over these shares. The 7,368,841 shares of common stock are aggregated without regard
to the 4.99% Blocker and include (i) $109,100 in Debentures convertible into 1,091,000 shares of our common stock; (ii) 3,113,659
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.</TD>
</TR>
<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">3,655,976 shares of common stock are offered as part of this offering.&nbsp;&nbsp;&nbsp;The
remaining 30,000 shares not included in this offering include (i) 20,000 shares of common stock and (ii) 10,000 shares of common
stock issuable upon exercise of $1 warrants.</TD>
</TR>
<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">Mr. Douglas Leighton, as the sole owner of Bass Point Capital, LLC, has voting power
and dispositive control over these shares.&nbsp;&nbsp;The 1,771,398 shares of common stock include: (i) 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); (ii) 1,000,000 shares of our common stock issuable to Bass Point Capital, LLC upon exercise of $0.001 warrants.</TD>
</TR>
<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">Ingmarus J.M. Snijders, as Director of WM18 Finance, Ltd., has sole voting power and
dispositive control over these shares.</TD>
</TR>
<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">Keith Ubben, as sole member of Rother Investments, LLC, has sole voting power and
dispositive control over these shares.</TD>
</TR>
<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">Mr. Michael Novielli, as the sole owner of Dutchess Global Strategies Fund, LLC, has
voting power and dispositive control over these shares.&nbsp;&nbsp;The 750,000 shares of common stock include (i) $50,000 in Debentures
convertible into 500,000 shares of our common stock; and (ii) 250,000 shares of common stock issuable upon exercise of the $0.40
Warrants.</TD>
</TR>
<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">Mr. Douglas Leighton, as the sole shareholder of Azure Capital Corp., has voting power
and dispositive control over these shares.&nbsp;&nbsp;The 750,000 shares of common stock include (i) $50,000 in Debentures convertible
into 500,000 shares of our common stock; and (ii) 250,000 shares of common stock issuable upon exercise of the $0.40 Warrants.</TD>
</TR>
<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">Paul Durta, as sole member of Paradox Development, LLC, has voting power and dispositive
control over these shares.&nbsp;&nbsp;The 555,750 shares of common stock include (i) 370,500 shares of common stock, and (ii)
185,250 shares of common stock issuable upon exercise of the $0.40 Warrants.</TD>
</TR>
<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 217,500 shares of common stock offered as part of this offering include (i) 180,000
shares of common stock; and (ii) 37,500 shares of common stock issuable upon exercise of the $0.40 Warrants. &nbsp;&nbsp;The remaining
124,997 shares not included in this offering include (i) 50,000 shares of common stock and (ii) options to purchase 99,997 shares
of our common stock which had vested on July 22, 2015 or were exercisable within 60 days of such date.</TD>
</TR>
<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 300,000 shares of common stock include (i) 200,000 shares of common stock; and
(ii) 100,000 shares of common stock issuable upon exercise of the $0.40 Warrants.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">(14)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The 250,000 shares of common stock offered as part of this offering consists entirely
of our common stock held by Dixie Holdings LLC, which is controlled by Mr. Keber. The remaining 250,00 shares not included in
this offering consists of options held by Mr. Keber to purchase 250,000 shares of our common stock which had vested on July 22,
2015 or were exercisable within 60 days of such date. These amounts do not include&nbsp;&nbsp;the underlying shares (not registered
under this offering) related to options to purchase 500,000 shares of our common stock held by Mr. Keber which had not yet vested
on July 22, 2015, were not exercisable within 60 days of such date, and/or contained performance-based conditions.</TD>
</TR>
<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 250,000 shares of common stock offered as part of this offering consists entirely
of our common stock held by Denver Relief Consulting, which is controlled by Mr. Seeb. The remaining 295,000 shares not included
in this offering consist of (i) options held by Mr. Seeb to purchase 250,000 shares of our common stock which had vested on July
22, 2015 or were exercisable within 60 days of such date, (ii) 30,000 shares of common stock held by E-3 Events, which is controlled
by Mr. Seeb, and (iii) 15,000 shares of common stock issuable upon exercise of $1 warrants, also held by E-3 Events. These amounts
do not include&nbsp;&nbsp;the underlying shares (not registered under this offering) related to options to purchase 500,000 shares
of our common stock which had not yet vested on July 22, 2015, were not exercisable within 60 days of such date, and/or contained
performance-based conditions.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right"></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">(16)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">250,000 shares of our common stock are offered as part of this offering.&nbsp;&nbsp;The
remaining 250,000 shares not included in this offering include options to purchase 250,000 shares of our common stock which had
vested on July 22, 2015 or were exercisable within 60 days of such date.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(17)</TD><TD></TD><TD STYLE="text-align: justify">The 148,000 shares of common stock include (i) 98,000 shares of common stock; and
(ii) 50,000 shares of common stock issuable upon exercise of the $0.40 Warrants.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(18)</TD><TD></TD><TD STYLE="text-align: justify">The 119,500 shares of common stock offered as part of this offering include (i) 82,000
shares of common stock; and (ii) 37,500 shares of common stock issuable upon exercise of the $0.40 Warrants. &nbsp;The remaining
15,000 shares not included in this offering include (i) 10,000 shares of common stock and (ii) 5,000 shares of common stock issuable
upon exercise of $1 warrants.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(19)</TD><TD></TD><TD STYLE="text-align: justify">The 68,100 shares of common stock include (i) 30,600 shares of common stock; and (ii)
37,500 shares of common stock issuable upon exercise of the $0.40 Warrants.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(20)</TD><TD></TD><TD STYLE="text-align: justify">The 75,000 shares of common stock include (i) 50,000 shares of common stock; and (ii)
25,000 shares of common stock issuable upon exercise of the $0.40 Warrants.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(21)</TD><TD></TD><TD STYLE="text-align: justify">The 44,000 shares of common stock include (i) 29,000 shares of common stock; and (ii)
15,000 shares of common stock issuable upon exercise of the $0.40 Warrants.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(22)</TD><TD></TD><TD STYLE="text-align: justify">The 37,500 shares of common stock include (i) 25,000 shares of common stock; and (ii)
12,500 shares of common stock issuable upon exercise of the $0.40 Warrants.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(23)</TD><TD></TD><TD STYLE="text-align: justify">The 37,500 shares of common stock include (i) 25,000 shares of common stock; and (ii)
12,500 shares of common stock issuable upon exercise of the $0.40 Warrants.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(24)</TD><TD></TD><TD STYLE="text-align: justify">The 37,500 shares of common stock include (i) 25,000 shares of common stock; and (ii)
12,500 shares of common stock issuable upon exercise of the $0.40 Warrants.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(25)</TD><TD></TD><TD STYLE="text-align: justify">The 30,000 shares of common stock offered as part of this offering include (i) 20,000
shares of common stock; and (ii) 10,000 shares of common stock issuable upon exercise of the $0.40 Warrants.&nbsp;&nbsp;The remaining
124,997 shares not included in this offering include (i) 50,000 shares of common stock and (ii) options to purchase 74,997 shares
of our common stock which had vested on July 22, 2015 or were exercisable within 60 days of such date.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(26)</TD><TD></TD><TD STYLE="text-align: justify">The 17,020 shares of common stock include (i) 7,020 shares of common stock; and (ii)
10,000 shares of common stock issuable upon exercise of the $0.40 Warrants.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(27)</TD><TD></TD><TD STYLE="text-align: justify">The 20,410 shares of common stock include (i) 10,600 shares of common stock; and (ii)
9,750 shares of common stock issuable upon exercise of the $0.40 Warrants.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(28)</TD><TD></TD><TD STYLE="text-align: justify">The 15,000 shares of common stock include (i) 7,500 shares of common stock; and (ii)
7,500 shares of common stock issuable upon exercise of the $0.40 Warrants.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(29)</TD><TD></TD><TD STYLE="text-align: justify">The 22,500 shares of common stock include (i) 15,000 shares of common stock; and (ii)
7,500 shares of common stock issuable upon exercise of the $0.40 Warrants.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(30)</TD><TD></TD><TD STYLE="text-align: justify">The 15,000 shares of common stock include (i) 10,000 shares of common stock; and (ii)
5,000 shares of common stock issuable upon exercise of the $0.40 Warrants.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(31)</TD><TD></TD><TD STYLE="text-align: justify">The 15,000 shares of common stock offered as part of this offering include (i) 10,000
shares of common stock; and (ii) 5,000 shares of common stock issuable upon exercise of the $0.40 Warrants.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(32)</TD><TD></TD><TD STYLE="text-align: justify">The 15,000 shares of common stock include (i) 10,000 shares of common stock; and (ii)
5,000 shares of common stock issuable upon exercise of the $0.40 Warrants.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(33)</TD><TD></TD><TD STYLE="text-align: justify">The 5,250 shares of common stock include (i) 3,500 shares of common stock; and (ii)
1,750 shares of common stock issuable upon exercise of the $0.40 Warrants.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(34)</TD><TD></TD><TD STYLE="text-align: justify">The 3,000 shares of common stock include (i) 2,000 shares of common stock; and (ii)
1,000 shares of common stock issuable upon exercise of the $0.40 Warrants.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(35)</TD><TD></TD><TD STYLE="text-align: justify">The 2,250 shares of common stock include (i) 1,500 shares of common stock; and (ii)
750 shares of common stock issuable upon exercise of the $0.40 Warrants.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(36)</TD><TD></TD><TD STYLE="text-align: justify">The 1,500 shares of common stock include (i) 1000 shares of common stock; and (ii)
500 shares of common stock issuable upon exercise of the $0.40 Warrants.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(37)</TD><TD></TD><TD STYLE="text-align: justify">The 1,500 shares of common stock include (i) 1000 shares of common stock; and (ii)
500 shares of common stock issuable upon exercise of the $0.40 Warrants.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(38)</TD><TD></TD><TD STYLE="text-align: justify">The 1,500 shares of common stock offered as part of this offering include (i) 1000
shares of common stock; and (ii) 500 shares of common stock issuable upon exercise of the $0.40 Warrants.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(39)</TD><TD></TD><TD STYLE="text-align: justify">The 1,500 shares of common stock include (i) 1000 shares of common stock; and (ii)
500 shares of common stock issuable upon exercise of the $0.40 Warrants.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(40)</TD><TD></TD><TD STYLE="text-align: justify">The 1,500 shares of common stock include (i) 1000 shares of common stock; and (ii)
500 shares of common stock issuable upon exercise of the $0.40 Warrants.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(41)</TD><TD></TD><TD STYLE="text-align: justify">The 1,500 shares of common stock include (i) 1000 shares of common stock; and (ii)
500 shares of common stock issuable upon exercise of the $0.40 Warrants.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">(42)</TD><TD></TD><TD STYLE="text-align: justify">The 1,500 shares of common stock include (i) 1000 shares of common stock; and (ii)
500 shares of common stock issuable upon exercise of the $0.40 Warrants.</TD>
</TR></TABLE>


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

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

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

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

<P STYLE="margin: 0; text-align: justify">The securities offered by this prospectus
will be sold by the selling security holders from time to time, in one or more transactions. The distribution of the securities
by the selling security holders may be effected in one or more transactions that may take place in the over-the-counter market,
including broker's transactions or privately negotiated transactions, or any stock exchange, market or trading facility on which
the shares are traded. These sales may be at fixed or negotiated prices..</P>

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

<P STYLE="margin: 0; text-align: justify">The selling security holders may pledge
all or a portion of the securities owned as collateral for margin accounts or in loan transactions, and the securities may be
resold pursuant to the terms of such pledges, margin accounts or loan transactions. Upon default by such selling security holders,
the pledge in such loan transaction would have the same rights of sale as the selling security holders under this prospectus.
The selling security holders may also enter into exchange traded listed option transactions, which require the delivery of the
securities listed under this prospectus. After our securities are qualified for quotation on the over the counter bulletin board,
the selling security holders may also transfer securities owned in other ways not involving market makers or established trading
markets, including directly by gift, distribution, or other transfer without consideration, and upon any such transfer the transferee
would have the same rights of sale as such selling security holders under this prospectus.</P>

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

<P STYLE="margin: 0; text-align: justify">In addition to the above, each of the
selling security holders will be affected by the applicable provisions of the Exchange Act, including, without limitation, Regulation
M, which may limit the timing of purchases and sales of any of the securities by the selling security holders or any such other
person. Unless granted an exemption by the SEC from Regulation M under the Exchange Act, or unless otherwise permitted under Regulation
M, the selling security holder will not engage in any stabilization activity in connection with our common stock, will furnish
each broker or dealer engaged by the selling security holder and each other participating broker or dealer the number of copies
of this prospectus required by such broker or dealer, and will not bid for or purchase any common stock of our or attempt to induce
any person to purchase any of the common stock other than as permitted under the Exchange Act.</P>

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

<P STYLE="margin: 0; text-align: justify">There can be no assurances that the
selling security holders will sell any or all of the securities. In various states, the securities may not be sold unless these
securities have been registered or qualified for sale in such state or an exemption from registration or qualification is available
and is complied with.</P>

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

<P STYLE="margin: 0; text-align: justify">All of the foregoing may affect the
marketability of our securities. Pursuant to agreements we made to the selling security holders, we will pay all the fees and
expenses incident to the registration of the securities. The selling security holder may also sell shares under Rule 144 under
the Securities Act, if available, rather than under this prospectus, provided they meet certain requirements under Rule 144. Broker-dealers
engaged by a selling security holder may arrange for other brokers-dealers to participate in sales. Broker-dealers may receive
commissions or discounts from a selling security holder (or, if any broker-dealer acts as agent for the purchaser of shares, from
the purchaser) in amounts to be negotiated. The selling security holder do not expect these commissions and discounts to exceed
what is customary in the types of transactions involved.</P>

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

<P STYLE="margin: 0; text-align: justify">Should any substantial change occur
regarding the status or other matters concerning the selling security holders or us, we will file a post-effective amendment to
this registration statement disclosing such matters.</P>

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

<P STYLE="margin: 0; text-align: justify"><U>OTCQB Bulletin Board Considerations</U></P>

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

<P STYLE="margin: 0; text-align: justify">OTCQB securities are not listed or quoted
on the floor of an organized national or regional stock exchange. Instead, OTCQB securities transactions are conducted through
a telephone and computer network connecting dealers in stocks. OTCQB stocks are traditionally smaller companies that do not meet
the financial and other listing requirements of a regional or national stock exchange.</P>

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




<P STYLE="margin: 0; text-align: justify">To be quoted on the OTCQB, a market maker
must file an application on our behalf in order to make a market for our common stock. We are not permitted to file such application
on our own behalf.</P>

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

<P STYLE="margin: 0; text-align: justify">The OTCQB is separate and distinct from the NASDAQ stock market. NASDAQ has no business
relationship with issuers of securities quoted on the OTCQB. The SEC&#8217;s order handling rules, which apply to NASDAQ-listed
securities, do not apply to securities quoted on the OTCQB.</P>

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

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<P STYLE="margin: 0; text-align: justify">Although the NASDAQ stock market has
rigorous listing standards to ensure the high quality of its issuers, and can delist issuers for not meeting those standards,
the OTCQB has no listing standards. Rather, it is the market maker who chooses to quote a security on the system, files the application,
and is obligated to comply with keeping information about the issuer in its files. FINRA cannot deny an application by a market
maker to quote the stock of a company assuming all FINRA questions relating to its Rule 211 process are answered accurately and
satisfactorily. The only requirement for ongoing inclusion in the OTCQB is that the issuer be current in its reporting requirements
with the SEC.</P>

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

<P STYLE="margin: 0; text-align: justify">OTCQB transactions are conducted almost
entirely manually. Because there are no automated systems for negotiating trades on the OTCQB, they are conducted via telephone
or computer. In times of heavy market volume, the limitations of this process may result in a significant increase in the time
it takes to execute investor orders. Therefore, when investors place market orders - an order to buy or sell a specific number
of shares at the current market price - it is possible for the price of a stock to go up or down significantly during the lapse
of time between placing a market order and getting execution. Because bulletin board stocks are usually not followed by analysts,
there may be lower trading volume than for NASDAQ-listed securities.</P>

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

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

<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, Inc. was formed in 2013 to be a social network for the cannabis
community. Given the history of cannabis in the United States, many people would prefer to keep their cannabis experiences
separate from Facebook, Instagram and Twitter where a user&#8217;s family, co-workers and employers may be connected with
them. Our goal was to provide a platform where users were not required to provide personally identifiable information, and to
create a semi-anonymous environment where users feel comfortable posting about cannabis.</P>

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

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

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<P STYLE="margin: 0; text-align: justify">MassRoots launched in the App Store
in July 2013 and in our first 6 weeks we obtained about 6,500 users. We took that initial traction to the ArcView Group meeting
in September 2013, where we were able to raise seed capital of $150,000. From October 2013 to March 2014, we invested those funds
into scaling our network to 100,000 users. In March 2014, we closed a $475,000 common stock round of financing, which included
a reorganization of our equity structure. The proceeds from this financing were used to register the Company&#8217;s then outstanding
shares with the SEC and to continue to grow our network. By September 2014, MassRoots had grown into a community of 170,000 users
and, during this month, our Registration Statement on Form S-1 went effective by operation of law in September 2014. We then started
raising a common stock round, closing $776,000 from September 2014 to March 2015 and investing those funds into scaling our network
to 325,000 users by May 11, 2015. Since inception, our main objective has been to grow our user-base and acquire market share.</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 one million 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. If we attempt to develop the
advertising portal prematurely, it will jeopardize the growth of the MassRoots user-base, the ultimate source of shareholder value.</P>

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

<P STYLE="margin: 0; text-align: justify">Since inception, our primary objective has been to grow our
user-base and acquire market share. As of May 10, 2015, MassRoots has built a network of approximately 325,000 users and facilitated
110 million user-to-user interactions.</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.</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>




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

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

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><IMG SRC="image_001.jpg" ALT="http:||massroots.com|assets|img|landing-desktop-screenshot.jpg" STYLE="height: 610px; width: 440px"></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>

<TABLE CELLPADDING="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>

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<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>

<TABLE CELLPADDING="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">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 are consuming. 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="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"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="font-weight: normal">Since
January 2014, MassRoots has been internally beta testing several strategies</FONT> to <FONT STYLE="font-weight: normal">boost
the </FONT>followers<FONT STYLE="font-weight: normal"> of </FONT>businesses<FONT STYLE="font-weight: normal">, the number of likes
they receive per post and engagement amongst their follower base. We involved approximately</FONT> 30<FONT STYLE="font-weight: normal">
companies in these tests</FONT>, including <FONT STYLE="font-weight: normal">vaporizer, edible</FONT> and dispensary <FONT STYLE="font-weight: normal">brands,
in an attempt to minimize outside factors, such as the popularity of one particular brand. These beta tests involved MassRoots&#8217;
self-service advertising portal known as MassRoots for Business, that allow businesses to promote posts within their target users'
news feeds. It operates in a matter similar to the one described herein:</FONT></P>

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="font-weight: normal">&nbsp;</FONT></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"><FONT STYLE="font-weight: normal">&middot;</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">A business will 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">&middot;</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">&middot;</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">The business will then be able to 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">&middot;</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">On the Dashboard, a business will be able to 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">&middot;</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">On the Posts page, businesses will be able to schedule
posts, view analytics, and promote popular content.</FONT></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"><FONT STYLE="font-weight: normal">&middot;</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">On the Profile page, businesses will be able to
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">&middot;</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">On the Billing page, businesses will be able to
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">&middot;</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">On the Contact page, businesses will be able to
contact a MassRoots employee with any questions or issues.</FONT></TD>
</TR></TABLE>

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="font-weight: normal">While we had originally
planned to launch MassRoots for Business for widespread use in Q4 2014, several factors delayed our decision to launch, namely
our issues with the iOS App Store. We formally launched MassRoots for Business to Colorado businesses in March 2015. As of March
24, 2015, we currently have over 300 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 as sponsored posts and other advertising
options. As with our user-facing applications, our focus is to get businesses using the applications. </FONT></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, email addresses 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"><FONT STYLE="font-weight: normal">&middot;</FONT></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"><FONT STYLE="font-weight: normal">&middot;</FONT></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"><FONT STYLE="font-weight: normal">&middot;</FONT></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">&middot;</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">&nbsp;</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">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">When we reach a critical mass of users and as the relevant
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"><I>Focus on Recruitment of Developers</I></P>

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

<P STYLE="margin: 0; text-align: justify">In late 2014, MassRoots started prioritizing technical recruitment as one of main
areas of focus &#8211; the quality of the products we produce is directly correlated to the quality and skill of the
developers we are able to bring on board. To that end, we&#8217;re competing against Google, Facebook and well-funded Silicon
Valley start-ups for a limited pool of technical talent. Our mission of empowering and connecting the cannabis community may
be a compelling and unique reason for many of these developers to consider joining MassRoots; however, in order to close the
deal, we must offer competitive compensation to what they could be earning at these other companies. This simply was not
feasible after MassRoots raised a $150,000 seed round in fall of 2013 or the $475,000 round in March of 2014 &#8211; these
rounds would have barely covered the costs of a few developers, let alone our other operational costs. This will be a
capital-intensive undertaking that we believe will result in the best products and software for businesses and consumers in
the cannabis industry.</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">In March 2015, we recruited Alan Janis, formerly of Yahoo and PhotoBucket, as
our Director of Technology. We have since hired 5 additional developers under his direction whose biographies and experience are
available at corporate.massroots.com/team.</P>

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

<P STYLE="margin: 0; text-align: justify; font-weight: bold">Users Growth and Product Distribution
Channels</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 quickly discovered
that Instagram was one of the most effective ways to gain new users and re-engage with existing ones. We estimate there are over
4,000,000 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 190,000
followers as of May 21, 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>

<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></B></P>

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

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

<P STYLE="margin: 0; text-align: justify">During 2014 and 2015, we 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">On March 18, 2014, as part of a Plan
of Reorganization entered into by the Company, (i) all preferred shareholders converted their shares of stock into common stock
as was 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 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: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">On March 24, 2014, we completed the
March 2014 Offering, under which 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, together with the Debenture 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. Additionally, 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. Further, in connection with the March 2014 Offering, we entered into certain registration
rights agreements, whereby we agreed to register our then outstanding shares with the SEC, pursuant to a registration statement
filed under the Securities Act. The Registration Statement became effective on September 15, 2014.</P>

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

<P STYLE="margin: 0; text-align: justify">From September 15 to December 31, 2014,
we completed a separate offering of $524,000 of our securities to certain accredited and non-accredited investors consisting of
1,048,000 shares of our common stock, 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="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">On February 27, 2015, certain service providers
purchased warrants permitting the purchase of 100,000 shares 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="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 will receive
$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">Over the course of the second quarter of 2015,
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>




<P STYLE="margin: 0; text-align: justify">On July 30, 2015, MassRoots sold 100,000 shares of unregistered
common stock to an accredited investor that invested in the previous Summer 2015 Offering for gross proceeds of $75,000. The Company
terminated this offering as of July 30, 2015. The Company compensated Chardan Capital Markets, LLC 4,000 shares of common stock
as commission for this placement.</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></U></P>

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<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>

<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">&middot;</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">&middot;</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, two 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 1, 2015, 23 states and the District of Columbia
have passed laws allowing some degree of medical use of cannabis, while two of those states have also legalized the adult-use
of cannabis. The states which have enacted such laws are listed below:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD STYLE="border-bottom: Black 1pt solid">State</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid">Year Passed</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">1.&nbsp;Alaska</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">1998</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">2.&nbsp;Arizona</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2010</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">3.&nbsp;California</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">1996</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">4.&nbsp;Colorado*</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2000</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">5.&nbsp;Connecticut</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2012</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">6.&nbsp;District of Columbia</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2010</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">7.&nbsp;Delaware</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2011</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">8.&nbsp;Hawaii</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2000</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">9.&nbsp;Illinois</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2013</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">10.&nbsp;Maine</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">1999</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 70%; text-align: left; padding-left: 5.75pt">11. Maryland</TD><TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 20%; text-align: center">2014</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">12.&nbsp;Massachusetts</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2012</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">13.&nbsp;Michigan</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2008</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">14.&nbsp;Minnesota</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2014</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">15.&nbsp;Montana</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2004</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">16.&nbsp;Nevada</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2000</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">17.&nbsp;New Hampshire</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2013</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">18.&nbsp;New Jersey</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2010</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">19.&nbsp;New Mexico</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2007</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">20. New York</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2014</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">21.&nbsp;Oregon</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">1998</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">22.&nbsp;Rhode Island</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2006</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">23.&nbsp;Vermont</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2004</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">24.&nbsp;Washington*</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">1998</TD></TR>
</TABLE>

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

<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>

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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">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">&middot;</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">&middot;</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">&middot;</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">&middot;</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">&middot;</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"></P>




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

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

<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; font-style: italic">The Rise of Mobile-First Networking</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"></P>

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<P STYLE="margin: 0; text-align: justify"></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; font-style: italic">The Intersection of Mobile, Niche-Networking
and Cannabis</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 21 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>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, 22 states and the District of Columbia have passed state laws that permit doctors to prescribe cannabis
for medical-use and two states, Colorado and Washington, 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 (W1); margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&middot;</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 (W1); margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&middot;</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 (W1); margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&middot;</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 (W1); margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&middot;</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 (W1); margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&middot;</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 (W1); margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&middot;</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 (W1); margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&middot;</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>

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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">&middot;</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">&middot;</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">&middot;</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-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&middot;</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">&middot;</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">&middot;</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">&middot;</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-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">&middot;</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>

<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>

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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">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>Recent Events</B></P>

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

<P STYLE="margin: 0; text-align: justify">On May 26, 2015, the Company executed a subscription agreement
with Flowhub, LLC to acquire 494,118 Class A Preferred Shares of Flowhub for an aggregate purchase price of $175,000. Under the
acquisition, MassRoots acquired approximately 7.95% of the then outstanding shares of Flowhub and 35% of Flowhub&#8217;s then
outstanding Class A Preferred Shares.</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>

<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; font-weight: bold">PROPERTIES</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. On March 20, 2015, we executed a lease
with RVOF Market Center, LLC 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 this move.</P>

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

<P STYLE="margin: 0; text-align: justify">The Company also leases a total of
2,800 square feet at 2247 Federal Blvd. Denver, CO 80211. 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. The Company does not intend to renew this lease.</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">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). This lease was cancelled by the Company and expired September 14, 2014. 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; font-weight: bold">DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS, AND
CONTROL PERSONS</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="margin: 0; text-align: justify">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 8pt; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24%; border-bottom: Black 1pt solid; font-size: 10pt"><B>Name</B></TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 5%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><B>Age</B></TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 69%; border-bottom: Black 1pt solid; font-size: 10pt"><B>Position and Term</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">Isaac Dietrich</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">23</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Director and Chairman of the Board (Since 2013), Chief Executive Officer (Since 2013)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">Tripp Keber</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">45</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Director (Since 2014)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">Stewart Fortier<SUP>1</SUP></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">24</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Director (Since 2014), Chief Technology Officer (Since 2013)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">Ean Seeb</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">39</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Director (Since 2014)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">Tyler Knight</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">23</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Director (Since 2014), Chief Marketing Officer (Since 2013)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">Daniel Hunt</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">21</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Chief Operations Officer (Since 2015)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">Jesus Quintero</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">53</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Chief Financial Officer (Since 2014)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&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 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. 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>

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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"><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. 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. Ean has been actively involved with non-profit
groups for over two decades. His years of humanitarian experience lead Ean 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.</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>

<TABLE CELLPADDING="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">&middot;</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"></P>

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<P STYLE="margin: 0; text-align: justify"></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.</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">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 investors 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: 10pt Times New (W1); 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: 10pt Times New (W1); 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: 10pt Times New (W1); 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>

<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>

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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">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>

<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;</P>

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

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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="border-collapse: collapse; width: 100%; font: 8pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid">Name &amp; <BR> Principal <BR> Position</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid">Year</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid">Salary <BR> $</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid">Bonus<BR> $</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid">Stock <BR> Awards (5)<BR> $</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid">Option<BR> Awards (1)(5)<BR> $</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid">Non-Equity <BR> Incentive Plan <BR> Compensation<BR> $</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid">All Other <BR> Compensation<BR> $</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid">Total<BR> $</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255); font-weight: bold">
    <TD STYLE="text-align: center">&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: center">&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: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 10%; text-align: center">Isaac Dietrich<BR> Chief Executive Officer, Director</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: center">2013 <BR>2014</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: center">$8,750 <BR>$53,000</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 9%; text-align: center">- <BR>-</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 9%; text-align: center"><P STYLE="font: 8pt Times New (W1); margin: 0; text-align: center">$112,505<SUP>(2)</SUP></P> <P STYLE="font: 8pt Times New (W1); margin: 0; text-align: center">-</P></TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 9%; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0">$363,811</P>
                                              <P STYLE="margin-top: 0; margin-bottom: 0">-</P></TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 9%; text-align: center">- <BR>-</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 9%; text-align: center">- <BR>-</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 9%; text-align: center">$485,066 <BR>$53,000</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <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></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center">Stewart Fortier, <BR> Chief Technology Officer</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2013 <BR>2014</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">$10,513 <BR>$62,734</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">- <BR>-</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><P STYLE="font: 8pt Times New (W1); margin: 0; text-align: center">$25,496<SUP>(3)</SUP></P> <P STYLE="font: 8pt Times New (W1); margin: 0; text-align: center; text-indent: 0.5in">-</P></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0">$76,485</P>
                                   <P STYLE="margin-top: 0; margin-bottom: 0">-</P></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: center">$112,510 <BR>$62,734</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <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></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center">Tyler Knight, <BR>Chief Marketing Officer, Director</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2013 <BR>2014</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">$5,000 <BR>$35,750</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">- <BR>-</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><P STYLE="font: 8pt Times New (W1); margin: 0; text-align: center">$25,496<SUP>(4)</SUP></P> <P STYLE="font: 8pt Times New (W1); margin: 0; text-align: center">-</P></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0">$76,485</P>
                                   <P STYLE="margin-top: 0; margin-bottom: 0">-</P></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: center">$106,997 <BR>$35,750</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>

<TABLE CELLPADDING="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">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"></P>

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<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>

<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></I></P>

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<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.</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">&middot;</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">&middot;</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">&middot;</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>

<TABLE CELLPADDING="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">&middot;</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">&middot;</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="text-align: center; background-color: rgb(204,238,255); font-weight: bold; vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid"><P STYLE="margin: 0"><B>Name</B></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">Fees&nbsp;Earned&nbsp;or Paid in Cash </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">Stock Awards&nbsp;(1)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">Option Awards&nbsp;(1)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">Total</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 24%; text-align: left; text-indent: -12pt; padding-left: 12pt">Ean Seeb</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: right">(2)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 20%; text-align: right">$0</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 15%; text-align: right">$25,000</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: 15%; text-align: right">$93,836</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-left: 12pt">Tripp Keber</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$0</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$25,000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$73,836</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$93,836</TD></TR>
</TABLE>

<TABLE CELLPADDING="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>

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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">&middot;</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">&middot;</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 through 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</TD>
</TR></TABLE>

<TABLE CELLPADDING="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">&middot;</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 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>

<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;</P>




<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT</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="margin: 0; text-align: justify">Unless otherwise indicated in the footnotes to the table,
all information set forth in the table is as of July 22, 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>

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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="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">Common Stock</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font-weight: bold">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><P STYLE="font: 8pt Times New (W1); margin: 0; text-align: center"><B>Number of Shares Beneficially Owned (1)</B></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><P STYLE="font: 8pt Times New (W1); margin: 0; text-align: center"><B>Percentage Outstanding (2)</B></P></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; font-weight: bold">Directors and Officers</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 56%; text-align: left">Isaac Dietrich</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 14%; text-align: center">17,703,831 (3)</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 14%; text-align: center">40.53%</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: center">3,685,976 (4)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">8.44%</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: center">3,655,976</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">8.37%</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: center">342,497 (13)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">0.78%</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: center">545,000 (11)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">1.23%</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: center">500,000 (12)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">1.13%</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: center">100,000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">0.23%</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: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; font-weight: bold">All directors and named executive officers as a group (7&nbsp;persons)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">26,533,280</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">60.71%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.8pt; padding-left: 8.8pt">5% Stockholders</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&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 (4)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">10,813,610 (5)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">20.57% (6)</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 (7)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">8,118,841 (8)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">15.74% (6)</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 (9)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">7,368,841 (10)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">14.50%</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 (13)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">4,569,970</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">10.03%</TD></TR>
</TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 8pt; 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">(1)</TD>
    <TD STYLE="width: 92%; padding-right: 5.4pt; padding-left: 5.4pt; 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 July 22, 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>
    <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">(2)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Based on 43,692,738 shares of common stock beneficially
    outstanding as of July 22, 2015.</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">(3)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; 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>
    <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">(4)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; 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>
    <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">(4)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; 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>
    <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 STYLE="vertical-align: top">
    <TD STYLE="width: 6%; padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt">(5)</TD>
    <TD STYLE="width: 92%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: justify">The 10,813,610 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&nbsp;&nbsp;(iv) $109,100 in 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) 3,113,659 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) $50,000 of 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 (viii) 250,000 shares of our common
    stock issuable to Azure Capital, LLC upon exercise of the $0.40 Warrants.</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">(6)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Each of the convertible debentures and warrants
    to purchase shares of our common stock held of record and beneficially by Mr. Leighton and Mr. Novelli contain the 4.99% Blocker.
    As of the date noted above, including the 4.99% Blocker, Mr. Leighton and Mr. Novelli beneficially own 6.84% and 0.55%, respectively,
    of our issued and outstanding common stock.&nbsp;&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">&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">(7)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; 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>
    <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"></TD></TR></TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 8pt; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt; width: 6%">(8)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; width: 92%">The 8,118,841 shares of our common stock, aggregated
    without regard to the 4.99% Blocker, includes (i) $109,100 in 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) 3,113,659 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) $50,000
    in 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 (v) 250,000 shares of our common stock issuable
    to Dutchess Global Strategies Fund, LLC upon exercise of the $0.40 Warrants. </TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt; width: 2%">&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">(9)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; 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>
    <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">(10)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; 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 7,368,841 shares of common
    stock are aggregated without regard to the 4.99% Blocker and include (i) $109,100 in Debentures convertible into 1,091,000
    shares of our common stock; (ii) 3,113,659 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) 243,682 shares.&nbsp;&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: 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">(11)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">The 545,000 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 250,000 shares of our common stock which had vested on July 22, 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&nbsp;&nbsp;the
    underlying shares related to options to purchase 500,000 shares of our common stock which had not yet vested on July 22, 2015,
    were not exercisable within 60 days of such date, and/or contained performance-based conditions.</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">(12)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">The 500,000 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 250,000 shares of our common stock which had vested on July 22, 2015 or were exercisable within 60 days
    of such date. These amounts do not include&nbsp;&nbsp;the underlying shares related to options to purchase 500,000 shares
    of our common stock held by Mr. Keber which had not yet vested on July 22, 2015, were not exercisable within 60 days of such
    date, and/or contained performance-based conditions.&nbsp;&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: 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">(13)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; 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>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt">&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; font-weight: bold">DESCRIPTION OF SECURITIES</P>

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

<P STYLE="margin: 0; text-align: justify"><B>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 43,672,738 shares were issued and outstanding as of July 22, 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">&nbsp;</P>

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

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

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

<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>

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

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

<P STYLE="margin: 0; text-align: justify">On February 25, 2015, the Company entered
into leak out agreements with WM18 Finance LTD, Douglas Leighton, and Rother Investments, LLC, in which each of said investors
are limited in the amount of shares they can sell, outlined in detail in the table below, through August 30, 2015.</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; background-color: White; font-weight: bold; vertical-align: bottom">
    <TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="width: 43%; border-bottom: Black 1pt solid"><B>Time Period</B></TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="width: 10%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 45%; padding-left: 5.4pt; border-bottom: Black 1pt solid">Volume Limitation Per Investor</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">February 25 to March 31, 2015</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; padding-left: 5.4pt">500,000 shares</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: top">April 1 to April 30, 2015</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; padding-left: 5.4pt">500,000 shares</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">May 1 to May 31, 2015</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; padding-left: 5.4pt">500,000 shares</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: top">June 1 to June 30, 2015</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; padding-left: 5.4pt">500,000 shares</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">July 1 to July 30, 2015</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; padding-left: 5.4pt">500,000 shares</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: top">August 1 to August 30, 2015</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; padding-left: 5.4pt">500,000 shares</TD></TR>
</TABLE>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATION</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>

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

<P STYLE="margin: 0; text-align: justify"><B>Discussion as of December 31, 2014:</B></P>

<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>

<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>

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

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

<P STYLE="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="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">&nbsp;</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>

<P STYLE="margin: 0; text-align: justify"><B>Discussion as of March 31, 2015:</B></P>


<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>

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

<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="margin: 0; 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="text-align: center; font-weight: bold; vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="7">For the three months ended</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<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">March 31, 2015</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">March 31, 2014</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">$ Change</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">% Change</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font-weight: bold">
    <TD STYLE="text-align: justify; 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="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>

<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>

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<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">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">For the three
    months ended March 31, 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; font-weight: bold">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="7" STYLE="text-align: center">Three months ended</TD></TR>
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="7" STYLE="text-align: center">March 31,</TD></TR>
<TR STYLE="text-align: center; font-weight: bold; vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">2015</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">2014</TD></TR>
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <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: White">
    <TD STYLE="width: 56%; 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: rgb(204,238,255)">
    <TD STYLE="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: White">
    <TD STYLE="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>

<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>

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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 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>

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<P STYLE="margin: 0; text-align: justify"><B>Discussion as of June 30, 2015:</B></P>


<P STYLE="margin: 0; text-align: justify"><I>&nbsp;</I><IMG SRC="image_009.jpg" ALT=""></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><I>Figure 1: Our monthly User growth beginning from July 2013 through June 2015</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
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>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 8pt; 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"><B>MassRoots
    for Business &#8211; Expected Premium Business Memberships</B><BR>
    <B>(Rollout Planned in Q3 2015)</B></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"><B>Premium
    Upgrade</B></TD>
    <TD STYLE="width: 21%; border-bottom: white 3pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify"><B>Cost</B></TD>
    <TD STYLE="width: 61%; border-bottom: white 3pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify"><B>Benefits</B></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">Premium
    Profiles</TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify">$49/Month</TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid"><P STYLE="font: 8pt 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: 8pt 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">Data
    Access</TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify">$149/Month</TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid"><P STYLE="font: 8pt 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: 8pt 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">Market
    Insights</TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify">$349/Month</TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid"><P STYLE="font: 8pt 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: 8pt 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">Sponsored
    Posts</TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 0.05in 0.1in; border-right: white 1pt solid; text-align: justify">$20/CPM</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">&#8226;
    Targeted, Enhanced Exposure Posts</TD></TR>
</TABLE>
<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>

<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>

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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 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="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="margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;<IMG SRC="image_002.jpg" ALT="http:||www.sec.gov|Archives|edgar|data|1589149|000072174815000549|image_007.jpg" STYLE="height: 579px; width: 446px"></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><I>Figure 2: Examples of the current user interface of our iOS
application.</I></P>

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

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

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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">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>420 Rally</I></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">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>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><IMG SRC="image_003.jpg" ALT="http:||www.sec.gov|Archives|edgar|data|1589149|000072174815000549|image_004.jpg" STYLE="height: 650; width: 640"></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><I>Figure 3: 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>

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

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<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="text-align: center; font-weight: bold; vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="15">For the Three  Months Ended</TD></TR>
<TR STYLE="text-align: center; font-weight: bold; vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">June 30, 2015</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">June 30, 2014</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<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">(Unaudited)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">(Unaudited)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">$ Change</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">% Change</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font-weight: bold">
    <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="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; font-weight: bold">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="15" STYLE="text-align: center">For the Six - Months Ended</TD></TR>
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">June 30, 2015</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="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; font-weight: bold">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">(Unaudited)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">(Unaudited)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">$ Change</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">% Change</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font-weight: bold">
    <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="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>

<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>

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

<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; font-weight: bold">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="7" STYLE="text-align: center">Six months ended</TD></TR>
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="7" STYLE="text-align: center">June 30,</TD></TR>
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">2015</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">2014</TD></TR>
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <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: White; font-weight: bold">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: 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>

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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">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="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="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="margin: 0; text-align: justify">&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="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>

<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 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="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>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">DECEMBER 31, 2014<BR>
FINANCIAL STATEMENTS</P>

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

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="text-align: center; vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">Page</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<tr style="vertical-align: middle">
    <td style="width: 88%">REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</td>
    <td style="text-align: right; width: 12%">61</td></tr>
<tr style="vertical-align: middle">
    <td>BALANCE SHEET</td>
    <td style="text-align: right">62</td></tr>
<tr style="vertical-align: middle">
    <td>STATEMENT OF OPERATIONS</td>
    <td style="text-align: right">63</td></tr>
<tr style="vertical-align: middle">
    <td>STATEMENT OF STOCKHOLDERS&rsquo; EQUITY</td>
    <td style="text-align: right">64</td></tr>
<tr style="vertical-align: middle">
    <td>STATEMENT OF CASH FLOWS</td>
    <td style="text-align: right">66</td></tr>
<tr>
    <td style="vertical-align: middle">NOTES TO THE FINANCIAL STATEMENTS</td>
    <td style="vertical-align: bottom; text-align: right">67</td></tr>
</table>


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

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

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<P STYLE="margin: 0; text-align: justify"><IMG SRC="image_004.jpg" ALT="http:||www.sec.gov|Archives|edgar|data|1589149|000072174815000192|image_004.jpg" STYLE="height: 142; width: 675"></P>

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

<P STYLE="margin: 0; text-align: justify">REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</P>

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

<P STYLE="margin: 0; text-align: justify">The Board of Directors and Shareholders of</P>

<P STYLE="margin: 0; text-align: justify">Massroots, Inc.</P>

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

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

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

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

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

<P STYLE="margin: 0; text-align: justify">/s/&nbsp;Bongiovanni &amp; Associates, PA</P>

<P STYLE="margin: 0; text-align: justify">Bongiovanni &amp; Associates, PA</P>

<P STYLE="margin: 0; text-align: justify">N.K.A. L&amp;L CPAs, PA</P>

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

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

<P STYLE="margin: 0; text-align: justify">The United States of America</P>

<P STYLE="margin: 0; text-align: justify">March 31, 2015</P>

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

<P STYLE="margin: 0; text-align: justify"><IMG SRC="image_005.jpg" ALT="http:||www.sec.gov|Archives|edgar|data|1589149|000072174815000192|image_005.jpg" STYLE="height: 52; width: 675"></P>


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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD 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>&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; 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; border-bottom: Black 1pt solid"><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: White; font-weight: bold">
    <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: 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">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: 56%; text-indent: -0.15in; padding-left: 0.3in">Cash</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">141,928</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">80,479</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: -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: rgb(204,238,255)">
    <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: White">
    <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">283,92</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: 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">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; 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: White">
    <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: rgb(204,238,255)">
    <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: 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-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: White">
    <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: rgb(204,238,255)">
    <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: White">
    <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: 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: 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: 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-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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    <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 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="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="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: White; font-weight: bold">
    <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: 0.15in">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="border-bottom: Black 2.5pt double; text-align: right; vertical-align: bottom"><P STYLE="margin: 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="margin: 0; text-align: right; vertical-align: bottom; border-bottom: Black 2.5pt double"><P STYLE="margin: 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>
</TABLE>

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

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">The accompanying notes are an integral part of these financial statements.</P>



<P STYLE="font: 10pt Times New (W1); margin: 0"></P>


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<P STYLE="font: 10pt Times New (W1); margin: 0"></P>

<P STYLE="font: 9pt Times New (W1); margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp; <B>MASSROOTS, INC.<BR>
</B> <B>STATEMENT
OF STOCKHOLDERS' DEFICIT</B> <B><BR>
FOR THE PERIOD FROM INCEPTION (APRIL 24, 2013) THROUGH DECEMBER 31, 2014</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="text-align: center; font-weight: bold; vertical-align: bottom">
    <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"><P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><B>Preferred Stock to be Issued</B></P></TD><TD>&nbsp;</TD>
    <TD COLSPAN="7">Common Stock to be Issued</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">Additional Paid-in</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">Retained</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">Total <BR> Stockholders&rsquo; equity</TD></TR>
<TR STYLE="text-align: center; font-weight: bold; vertical-align: bottom">
    <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">capital</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">Deficit</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">(deficit)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <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: White">
    <TD STYLE="width: 34%; text-align: left; padding-left: 5.75pt">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">&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><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></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">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">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><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><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">Retroactive adjustment for subsequent conversion</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">&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><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><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">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: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">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: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; padding-left: 5.75pt">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: White">
    <TD STYLE="padding-bottom: 2.5pt; padding-left: 5.75pt">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: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">Accrued dividend on preferred stock</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><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><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">Conversion of dividend into common stock</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">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">4,358</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><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">Exercise of options</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">(21,882</TD><TD STYLE="text-align: left">)</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">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><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">Intrinsic value from beneficial conversion feature</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">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">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><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="font: 9pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; 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="font: 10pt Times New (W1); margin-top: 0; text-align: center; margin-bottom: 0"><B>MASSROOTS, INC.</B> <BR>
<B>STATEMENT OF STOCKHOLDERS' DEFICIT (continued)</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>FOR THE PERIOD FROM INCEPTION (APRIL 24, 2013) THROUGH DECEMBER 31, 2014</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New (W1)">
<TR STYLE="text-align: center; vertical-align: bottom">
    <TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold">Preferred Stock</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold">Common Stock</TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><B>Preferred Stock to be Issued</B></P></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold">Common Stock to be Issued</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold">Additional Paid-in</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold">Retained</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold">Total <BR> Stockholders&rsquo; equity</TD></TR>
<TR STYLE="text-align: center; vertical-align: bottom">
    <TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold">Shares</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold">Amount</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold">Shares</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold">Amount</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold">Shares</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold">Amount</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold">Shares</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold">Amount</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold">capital</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold">Deficit</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold">(deficit)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 34%; text-align: left; padding-left: 5.75pt">Common 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">&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">2,059,000</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">2,059</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">&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">1,048,000</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">1,048</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">467,515</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">470,622</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: 5.75pt">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: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">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: White">
    <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">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&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: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">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: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.75pt">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: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.75pt">Accumulated Deficit</TD><TD STYLE="font-size: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right">(2,436,142</TD><TD STYLE="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right">(2,436,142</TD><TD STYLE="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt; padding-left: 5.75pt">Balances as of December 31, 2014</TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right">38,909,000</TD><TD STYLE="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right">38,909</TD><TD STYLE="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right">1,048,000</TD><TD STYLE="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right">1,048</TD><TD STYLE="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right">2,372,867</TD><TD STYLE="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right">(3,359,623</TD><TD STYLE="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right">(946,799</TD><TD STYLE="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif; text-align: left">)</TD></TR>
</TABLE>



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

<P STYLE="text-align: center; font: 9pt Times New (W1); margin-top: 0pt; margin-bottom: 0pt">The accompanying notes are an integral
part of these financial state</P>


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<P STYLE="font: bold 10pt Times New (W1); margin-top: 0; text-align: center; margin-bottom: 0">MASSROOTS, INC. <BR>
STATEMENT OF CASHFLOWS<BR>
FOR THE YEAR ENDED DECEMBER 31, 2014 <BR>
AND FROM INCEPTION (APRIL 24, 2013) THROUGH DECEMBER 31, 2013</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New (W1)">
<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">FOR THE YEAR ENDED DECEMBER 31, 2014</TD><TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, Times, Serif; text-align: center"><P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FOR THE PERIOD FROM</B></P> <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>INCEPTION (APRIL 24,</B></P> <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>2013) THROUGH</B></P> <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DECEMBER 31, 2013</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: -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: 35%; text-align: left; text-indent: -0.15in; padding-left: 0.15in">Net (loss)</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 25%; text-align: right">(2,436,142</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 26%; 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; text-indent: -0.15in; padding-left: 0.15in">Adjustments to reconcile net (loss ) to net cash (used in )</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><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">operating activities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="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; text-indent: -0.15in; padding-left: 0.15in">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: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.15in; padding-left: 0.15in">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: White">
    <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: rgb(204,238,255)">
    <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: White">
    <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: rgb(204,238,255)">
    <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: White">
    <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: rgb(204,238,255)">
    <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: White">
    <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: rgb(204,238,255)">
    <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: White">
    <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: rgb(204,238,255)">
    <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: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.75pt">Accrued payroll tax</TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right">(68</TD><TD STYLE="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right">1,846</TD><TD STYLE="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; 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">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: 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="font-weight: bold; text-align: left; padding-left: 5.75pt">CASH FLOWS FROM INVESTING ACTIVITIES:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.75pt">Payments for equipment</TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right">(14,667</TD><TD STYLE="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right">(1,522</TD><TD STYLE="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; 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">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: 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="font-weight: bold; text-align: left; padding-left: 5.75pt">CASH FLOWS FROM FINANCING ACTIVITIES</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.75pt">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: rgb(204,238,255)">
    <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: White">
    <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: rgb(204,238,255)">
    <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: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 5.75pt">Proceeds from short term borrowing - related party</TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right">17,053</TD><TD STYLE="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; 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">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: White">
    <TD STYLE="padding-left: 5.75pt">&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; 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; 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: 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-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: White">
    <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: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.75pt">CASH AT END OF YEAR</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 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">NON-CASH FINANCING ACTIVITIES</TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right">141,928</TD><TD STYLE="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right">80,479</TD><TD STYLE="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif; 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<BR></TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right">(8,316</TD><TD STYLE="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; 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: 0; text-align: justify">MassRoots, Inc.</P>

<P STYLE="margin: 0; text-align: justify">Notes to Financial Statements</P>

<P STYLE="margin: 0; text-align: justify">December 31, 2014 and 2013</P>

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

<P STYLE="margin: 0; text-align: justify">NOTE 1 <U>SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</U></P>

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

<P STYLE="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="margin: 0; text-align: justify">MassRoots&#8217;&nbsp;</P>

<P STYLE="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="margin: 0; text-align: justify">MassRoots&#8217;&nbsp;</P>

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

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

<P STYLE="margin: 0; text-align: justify">The financial statements include the accounts of MassRoots,
Inc. under the accrual basis of accounting.</P>

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

<P STYLE="margin: 0; text-align: justify"><U>Management&#8217;s Use of Estimates</U></P>

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

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

<P STYLE="margin: 0; text-align: justify">The Company accounts for income taxes under Section 740-10-30
of the FASB Accounting Standards Codification. 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: 0; text-align: justify">&nbsp;</P>

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 8pt Times New (W1)">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 30px; font-size: 10pt; text-align: justify">(i)</TD>
    <TD STYLE="width: 10px">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">persuasive evidence of an arrangement exists,</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: justify">(ii)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">the services have been rendered and all required milestones achieved,</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: justify">(iii)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">the sales price is fixed or determinable, and</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: justify">(iv)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">Collectability is reasonably assured.</TD></TR>
</TABLE>
<P STYLE="margin: 0; text-align: justify">&nbsp;</P>

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

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

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

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

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

<P STYLE="margin: 0; text-align: justify"><U>Comprehensive Income (Loss)</U></P>

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

<P STYLE="font: 10pt Times New (W1); margin: 0; text-align: justify"><U>Loss Per Share</U></P>

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

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

<P STYLE="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 (W1); margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New (W1); margin: 0; text-align: justify"><U>Stock-Based Compensation</U></P>

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

<P STYLE="font: 10pt Times New (W1); margin: 0; text-align: justify"><U>Fair Value for Financial Assets and Financial Liabilities</U></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Times New (W1); width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: bottom; width: 1%; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 10%; font-size: 10pt; text-align: justify">Level 1</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 87%; padding-left: 5.4pt; font-size: 10pt; 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; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 5.4pt; font-size: 10pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: justify">Level 2</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 5.4pt; font-size: 10pt; 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; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 5.4pt; font-size: 10pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: justify">Level 3</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 5.4pt; font-size: 10pt; text-align: justify">Pricing inputs that are generally
    observable inputs and not corroborated by market data.</TD></TR>
</TABLE>
<P STYLE="margin: 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="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>

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

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

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

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

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

<P STYLE="font: 10pt Times New (W1); margin: 0; text-align: justify">The Company does not use derivative instruments to hedge
exposures to cash flow, market, or foreign currency risks. The Company evaluates all of it financial instruments, including stock
purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives.
For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at
its fair value and is then re-valued at each reporting date, with changes in the fair value reported as charges or credits to
income.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New (W1); 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="margin: 0; text-align: justify">&nbsp;</P>

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

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

<P STYLE="margin: 0; text-align: justify">NOTE 2 <U>FIXED ASSETS</U></P>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New (W1)">
<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">December 31, 2014</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold">December 31, 2013</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; 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: 56%; text-align: justify">Computers</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">12,134</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; 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="margin: 0; text-align: justify"></P>

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

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<P STYLE="margin: 0; text-align: justify">NOTE 3&nbsp;&#8211;&nbsp; <U>PREPAID EXPENSE</U></P>

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

<P STYLE="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 (W1); margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New (W1)">
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left; vertical-align: middle"><B><U>December 31,</U></B></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; 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: 43%; text-align: left; vertical-align: middle">2014</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left; vertical-align: middle">$</TD><TD STYLE="width: 43%; text-align: left; vertical-align: middle">90,131</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: middle">2015</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: middle">130,797</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; vertical-align: middle">2016</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: middle">65,891</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: left; vertical-align: middle">286,818</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="margin: 0; text-align: justify">NOTE 4 <U>DERIVATIVE LIABILITIES</U></P>

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New (W1)">
<TR STYLE="text-align: center; vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; 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; 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; border-bottom: Black 1pt solid">Total</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; 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></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 46%; text-align: justify; padding-left: 0.75pt">&nbsp;Fair value at the commitment date</TD><TD STYLE="width: 5%">&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: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 11%; text-align: right">259,278</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">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: 0; text-align: justify">&nbsp;&nbsp;</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New (W1)">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</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">Commitment Date</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">Remeasurement Date</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="text-align: left; background-color: White; vertical-align: bottom">
    <TD STYLE="width: 56%">&nbsp;Expected dividends</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 15%">0%</TD><TD STYLE="width: 1%"></TD><TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 18%">0%</TD><TD STYLE="width: 1%"></TD></TR>
<TR STYLE="text-align: left; background-color: rgb(204,238,255); vertical-align: bottom">
    <TD>&nbsp;Expected volatility</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>150%</TD><TD></TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>150%</TD><TD></TD></TR>
<TR STYLE="text-align: left; background-color: White; vertical-align: bottom">
    <TD>&nbsp;Expected term</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>3 years&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;2.23 &#8211; 2.96 years&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="text-align: left; background-color: rgb(204,238,255); vertical-align: bottom">
    <TD>&nbsp;Risk free interest rate</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>0.75% - 1.1%&nbsp;</TD><TD></TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>1.1%</TD><TD></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New (W1); margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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

<P STYLE="margin: 0; text-align: justify">NOTE 5 <U>DEBT DISCOUNT</U></P>

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

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

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

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

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<P STYLE="margin: 0; text-align: justify">Debt discount is summarized as follows:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New (W1)">
<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: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">NOTE 6 &#8211; <U>CONVERTIBLE DEBENTURES</U></P>

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

<P STYLE="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 (W1); margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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

<P STYLE="margin: 0; text-align: justify">NOTE 7 <U>CAPITAL STOCK</U></P>

<P STYLE="font: 10pt Times New (W1); margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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

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

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

<P STYLE="font: 10pt Times New (W1); 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="margin: 0; text-align: justify">&nbsp;</P>

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

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

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

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

<P STYLE="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>

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

<P STYLE="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>

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

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

<P STYLE="margin: 0; text-align: justify">NOTE 8 &#8211; <U>STOCK WARRANTS</U></P>

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

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

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

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

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

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

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

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

<P STYLE="margin: 0; text-align: justify">Stock warrants outstanding and exercisable on December 31,
2014 are as follows:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New (W1)">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="text-align: justify">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: justify">Exercise Price per Share</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: justify">Shares Under Warrants</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: justify">Remaining Life in Years</TD></TR>
<TR STYLE="text-align: left; background-color: rgb(204,238,255); vertical-align: bottom">
    <TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold"><B>Outstanding</B></TD><TD STYLE="font-weight: bold">&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>
<TR STYLE="text-align: left; background-color: White; vertical-align: bottom">
    <TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 15%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%">$</TD><TD STYLE="width: 26%">0.001</TD><TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 26%">4,050,000</TD><TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 26%">3</TD></TR>
<TR STYLE="text-align: left; background-color: rgb(204,238,255); vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>$</TD><TD>0.10</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>2,050,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>10</TD></TR>
<TR STYLE="text-align: left; background-color: White; vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>$</TD><TD>0.4</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>4,750,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>3</TD></TR>
<TR STYLE="text-align: left; background-color: rgb(204,238,255); vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>$</TD><TD>1</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>524,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>3</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 STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="text-align: left; background-color: rgb(204,238,255); vertical-align: bottom">
    <TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold"><B>Exercisable</B></TD><TD STYLE="font-weight: bold">&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>
<TR STYLE="text-align: left; background-color: White; vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>$</TD><TD>0.001</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>4,050,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>3</TD></TR>
<TR STYLE="text-align: left; background-color: rgb(204,238,255); vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>$</TD><TD>0.10</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>125,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>10</TD></TR>
<TR STYLE="text-align: left; background-color: White; vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>$</TD><TD>0.4</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>4,750,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>3</TD></TR>
<TR STYLE="text-align: left; background-color: rgb(204,238,255); vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>$</TD><TD>1</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>524,000</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>3</TD></TR>
</TABLE>

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

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

<P STYLE="font: 10pt Times New (W1); margin: 0; text-align: justify">NOTE 9 <U>GOING CONCERN AND UNCERTAINTY</U></P>

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

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

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

<P STYLE="margin: 0; text-align: justify">NOTE 10 <U>SIGNIFICANT EVENTS</U></P>

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

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

<P STYLE="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>

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

<P STYLE="font: 10pt Times New (W1); margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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

<P STYLE="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>

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

<P STYLE="margin: 0; text-align: justify">NOTE 11 <U>SUBSEQUENT EVENTS</U></P>

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

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

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

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

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

<P STYLE="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 (W1); margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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

<P STYLE="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 Trustees.</P>

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

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

<P STYLE="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="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">&nbsp;March 31, 2015<BR>
FINANCIAL STATEMENTS<BR>
(Unaudited)</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="text-indent: 0.5in; padding-left: 5.5in"></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"></TD><TD STYLE="text-align: right">PAGE</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">76</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">77</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">78</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">79</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></TR>
</TABLE>



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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">&nbsp;MASSROOTS, INC.</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; 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">
<TR STYLE="text-align: center; vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt"></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid"> Mar 31, 2014</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; vertical-align: bottom">
    <TD></TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">(UNAUDITED)</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>(AUDITED)</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt">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: 56%; padding-left: 5.55pt">Cash</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">54,891</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">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 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: White">
    <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: rgb(204,238,255)">
    <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: White">
    <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: 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 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: 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 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: White">
    <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: rgb(204,238,255)">
    <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: White">
    <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: rgb(204,238,255)">
    <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: White">
    <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: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 1.05pt">LONGTERM 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 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: rgb(204,238,255)">
    <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: White">
    <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: rgb(204,238,255)">
    <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: White">
    <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: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.55pt">Deficit accumulated through the development stage</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">(3,359,623</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">TOTAL STOCKHOLDERS&rsquo; 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: rgb(204,238,255)">
    <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: White">
    <TD STYLE="text-align: left; padding-left: 5.55pt">TOTAL LIABILITIES AND STOCKHOLDERS&rsquo; 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="font: 11pt/12.35pt Times New Roman, Times, Serif; margin: 0; color: #0000ED"><I>&nbsp;</I></P>

<P STYLE="font: 11pt/12.35pt Times New Roman, Times, Serif; margin: 0; color: #0000ED"><I></I></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="letter-spacing: -0.05pt">The accompanying notes are an integral part of
these financial statements.</FONT></P>


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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">STATEMENT 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">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">FOR THE THREE <BR> MONTHS ENDED <BR> MARCH 31, <BR> 2015 (UNAUDITED)</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">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)">
    <TD STYLE="width: 56%; padding-left: 0.25pt">REVENUE</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">941</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">995</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></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <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: 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: 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: 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: 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: White">
    <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: rgb(204,238,255)">
    <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: White">
    <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: rgb(204,238,255)">
    <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: White">
    <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: rgb(204,238,255)">
    <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: White">
    <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: rgb(204,238,255)">
    <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: White">
    <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: rgb(204,238,255)">
    <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: 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: 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: 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: 0.25pt">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: White">
    <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: rgb(204,238,255)">
    <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: White">
    <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: rgb(204,238,255)">
    <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: 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: 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: 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: 0.25pt">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: 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-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: 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>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><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="font: 11pt/1pt Times New Roman, Times, Serif; margin: 0 0 12.95pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">The accompanying notes are an integral part of these
financial statements.</P>


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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">&nbsp;MASSROOTS, INC.</P>

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



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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">FOR THE THREE MONTHS ENDED MARCH 31, 2015 (UNAUDITED)</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">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">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: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">(550,509</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">(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 )</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><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">operating activities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="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: White">
    <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: rgb(204,238,255)">
    <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: White">
    <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: rgb(204,238,255)">
    <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: White">
    <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: rgb(204,238,255)">
    <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: White">
    <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: rgb(204,238,255)">
    <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: White">
    <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: rgb(204,238,255)">
    <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: White">
    <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: rgb(204,238,255)">
    <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: White">
    <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: rgb(204,238,255)">
    <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: 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">CASH FLOWS FROM INVESTING ACTIVITIES:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-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: rgb(204,238,255)">
    <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: 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">CASH FLOWS FROM FINANCING ACTIVITIES</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 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: rgb(204,238,255)">
    <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: White">
    <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: 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-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: 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-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: 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="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: 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>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><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">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="font: 11pt/1pt Times New Roman, Times, Serif; margin: 0 0 11.6pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">The accompanying notes are an integral part of these financial
statements.</P>


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<P STYLE="margin: 0; text-align: justify">MassRoots, Inc.</P>

<P STYLE="margin: 0; text-align: justify">Notes to Financial Statements (Unaudited)</P>

<P STYLE="margin: 0; text-align: justify">March 31, 2015 </P>

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

<P STYLE="margin: 0; text-align: justify">NOTE 1&#9;<U>SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES</U></P>

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

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

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

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

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

<P STYLE="margin: 0; text-align: justify">The unaudited financial statements
include the accounts of MassRoots, Inc. under the accrual basis of accounting.</P>

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

<P STYLE="margin: 0; text-align: justify"><U>Management&#8217;s Use of Estimates</U></P>

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

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

<P STYLE="margin: 0; text-align: justify">The Company accounts for income taxes
under Section 740-10-30 of the FASB Accounting Standards Codification. 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: 0; text-align: justify">&nbsp;</P>

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

<P STYLE="margin: 0; 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>

<P STYLE="font: 10pt Times New (W1); 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">(i)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">persuasive evidence of an arrangement exists,</TD>
</TR></TABLE>

<TABLE CELLPADDING="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">(ii)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the services have been rendered and all required milestones achieved,</TD>
</TR></TABLE>

<TABLE CELLPADDING="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">(iii)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the sales price is fixed or determinable, 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">(iv)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Collectability is reasonably assured.</TD>
</TR></TABLE>



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

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

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

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

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

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

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

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

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

<P STYLE="margin: 0; 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="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">Level</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">1 Quoted market prices available in active markets for identical assets or liabilities
as of the reporting date.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right">Level</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">2 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></TABLE>

<TABLE CELLPADDING="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">Level</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">3 Pricing inputs that are generally observable inputs and not corroborated by market
data.</TD>
</TR></TABLE>


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

<P STYLE="margin: 0; text-align: justify">The carrying amounts of the Company&#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: 0; text-align: justify">&nbsp;</P>

<P STYLE="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&#8217;s assumptions used in determining the fair value of these financial instruments.</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"><U>Embedded Conversion Features</U></P>

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

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

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

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

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

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

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

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

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

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

<P STYLE="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: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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

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

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

<P STYLE="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 2015-08, 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="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">NOTE 2&#9;<U>FIXED
ASSETS</U></P>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&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)">
    <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: 46%; text-align: justify">Computers</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 11%; text-align: right">17,347</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">12,134</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">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">&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><TD STYLE="padding-bottom: 1pt">&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: 0; text-align: justify">&nbsp;</P>

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

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<P STYLE="margin: 0; text-align: justify">NOTE 3&nbsp;&nbsp;&#9;<U>PREPAID EXPENSE</U></P>

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

<P STYLE="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 at
$782,695. The $782,695 is being charged to operations over a one-year term.</P>

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

<P STYLE="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 a three-year term.</P>

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

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

<P STYLE="margin: 0; text-align: justify">NOTE 4 &#9;<U>DERIVATIVE LIABILITIES</U></P>

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

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

<P STYLE="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>

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

<P STYLE="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
March 31, 2015:</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="3" STYLE="border-bottom: Black 1pt solid">Commitment Date</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">Remeasurement Date</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 56%; text-align: justify">&nbsp;Expected dividends</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">0</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; text-align: right">0</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">&nbsp;Expected volatility</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">150</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">150</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify">&nbsp;Expected term</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;3 years&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;1.98 &#8211; 2.92 years&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">&nbsp;Risk free interest rate</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;0.75% - 1.1%&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.89</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">NOTE 5 &#9;<U>DEBT DISCOUNT</U></P>

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

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

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

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

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<P STYLE="margin: 0; text-align: justify">Debt discount is summarized as follows:</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="3" STYLE="border-bottom: Black 1pt solid">March 31, 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: left; padding-left: 5.4pt">Deb discount on notes payable</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">107,016</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: 15%; 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: 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: rgb(204,238,255)">
    <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: 0; text-align: justify">&nbsp;&nbsp;</P>




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

<P STYLE="margin: 0; text-align: justify">NOTE
6 &#9;<U>CONVERTIBLE DEBENTURES</U></P>

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

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

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

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

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

<P STYLE="margin: 0; text-align: justify">NOTE 7&#9;<U>CAPITAL STOCK</U></P>

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

<P STYLE="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 March 31, 2015,
there were zero shares of Series A preferred shares issued and outstanding.</P>

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

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

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

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

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

<P STYLE="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 (W1); margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="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 was amortized during the quarter ended March 31, 2015.</P>

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

<P STYLE="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 was amortized during the
quarter ended March 31, 2015.</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 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: 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 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: 0; text-align: justify">&nbsp;</P>

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

<P STYLE="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. These shares had not been issued
as of March 31, 2015 and were recorded as common stock to be issued.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 68.65pt; text-align: justify">&nbsp;</P>

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

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

<P STYLE="margin: 0; text-align: justify">NOTE
8 &#9;<U>STOCK WARRANTS</U></P>

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

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

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

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

<P STYLE="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>

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

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

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

<P STYLE="margin: 0; text-align: justify">Stock warrants outstanding and exercisable
on March 31, 2015 are as follows:</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; font-weight: bold">
    <TD COLSPAN="3">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-bottom: 1pt">Exercise Price per Share</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-bottom: 1pt">Shares Under Warrants</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">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; vertical-align: bottom"><B>Outstanding</B></TD><TD STYLE="text-align: left">&nbsp;</TD><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: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; text-align: right">&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 26%; text-align: right">0.001</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 26%; text-align: right">4,050,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="text-align: justify; width: 26%">2</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.4</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: justify">2</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">$</TD><TD STYLE="text-align: right">0.5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">100,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">5</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">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: justify">3</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 STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: bottom"><B>Exercisable</B></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.001</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,050,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">2</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.4</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: justify">2</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">$</TD><TD STYLE="text-align: right">0.5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">100,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">5</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">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: justify">3</TD></TR>
</TABLE>

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

<P STYLE="margin: 0; text-align: justify">No other stock warrants have been
issued or exercised during the three months ended March 31, 2015.</P>

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

<P STYLE="margin: 0; text-align: justify">NOTE
9 &#9;<U>EMPLOYEE STOCK OPTION PROGRAM</U></P>

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

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

<P STYLE="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. During the quarter ended March 31, 2015,
$6,069 was amortized.</P>

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

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

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

<P STYLE="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. During the quarter ended March 31, 2015, $6,164 was amortized.</P>

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

<P STYLE="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 Plan.</P>

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

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

<P STYLE="margin: 0; text-align: justify">Stock options outstanding and exercisable on March 31, 2015 are as follows:</P>



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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="text-align: center; vertical-align: bottom; font-weight: bold">
    <TD COLSPAN="3" STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-bottom: 1pt">Exercise Price per Share</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-bottom: 1pt">Shares Under Options</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">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; vertical-align: middle"><B>Outstanding</B></TD><TD STYLE="text-align: left">&nbsp;</TD><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: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; text-align: right">&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 26%; text-align: right">0.10</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 26%; text-align: right">1,750,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="text-align: justify; width: 26%">10</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</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: justify">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 STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: middle"><B>Exercisable</B></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.10</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">583,382</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">10</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</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: justify">10</TD></TR>
</TABLE>

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

<P STYLE="margin: 0; text-align: justify">No other stock options have been issued
or exercised during the three months ended March 31, 2015.</P>

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

<P STYLE="margin: 0; text-align: justify">NOTE 10&#9;<U>GOING CONCERN AND UNCERTAINTY</U></P>

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

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

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

<P STYLE="margin: 0; text-align: justify">NOTE 11 &#9;<U>SIGNIFICANT EVENTS</U></P>

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

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

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

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

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

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

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

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

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

<P STYLE="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>

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

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

<P STYLE="margin: 0; text-align: justify">NOTE 12&#9;<U>SUBSEQUENT EVENTS</U></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, 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="margin: 0; text-align: justify">&nbsp;</P>

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

<P STYLE="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>

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

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

<P STYLE="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 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 Arial, Helvetica, Sans-Serif; margin: 0"></P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center; font-weight: bold">June 30, 2015<BR>
FINANCIAL STATEMENTS<BR>
(Unaudited)</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; 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></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: 0.5in; padding-left: 5.5in"></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"></TD><TD STYLE="text-align: right">PAGE</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: 10%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 18%; text-align: right">94</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>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">95</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>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">96</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>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">97</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New (W1); margin: 0; text-align: justify">&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">MASSROOTS, INC.</TD></TR>
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <TD COLSPAN="9" STYLE="text-align: center">BALANCE SHEETS</TD></TR>
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <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">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font-weight: bold">
    <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">
    <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: 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: rgb(204,238,255)">
    <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: White">
    <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: rgb(204,238,255)">
    <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: White">
    <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: 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">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">&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: White">
    <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: rgb(204,238,255)">
    <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: White">
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><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">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">&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: rgb(204,238,255)">
    <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: White">
    <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: rgb(204,238,255)">
    <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: White">
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><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 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: 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">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-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">386,432</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">481,726</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 $56,669 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">634,156</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; 44,505,238
    and  38,909,000 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">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: White">
    <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: rgb(204,238,255)">
    <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">6,303,740</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: White">
    <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: rgb(204,238,255)">
    <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: White">
    <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">841,671</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: 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">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="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>
<P STYLE="font: 10pt Times New (W1); margin: 0"><BR CLEAR="ALL"></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="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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    <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;6&nbsp;MONTHS ENDED JUNE 30, 2015&nbsp;&nbsp;(UNAUDITED)</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">FOR THE 6&nbsp;MONTHS ENDED JUNE 30, 2014&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: 62%; text-align: left">Net (loss)</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 15%; text-align: right">(2,067,808</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 15%; 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">&mdash;&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">&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;</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="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>
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<P STYLE="margin: 0; text-align: justify"><U>MassRoots, Inc.</U></P>

<P STYLE="margin: 0; text-align: justify"><U>Notes to Financial Statements</U></P>

<P STYLE="margin: 0; text-align: justify"><U>June 30, 2015</U></P>

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

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

<P STYLE="margin: 0; text-align: justify">NOTE 1 - <U>SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</U></P>

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

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

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

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

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

<P STYLE="font: 10pt Times New (W1); margin: 0; text-align: justify">The financial statements include the accounts of MassRoots,
Inc. under the accrual basis of accounting.</P>

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

<P STYLE="margin: 0; text-align: justify"><U>Management&#8217;s Use of Estimates</U></P>

<P STYLE="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 (W1); margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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

<P STYLE="margin: 0; text-align: justify">The Company accounts for income taxes under Section 740-10-30
of the FASB Accounting Standards Codification. 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: 0; text-align: justify">&nbsp;</P>

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

<P STYLE="font: 10pt Times New (W1); 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="margin: 0; text-align: justify">&nbsp;</P>

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

<P STYLE="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="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">(i)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">persuasive evidence of an arrangement exists,</TD>
</TR></TABLE>

<TABLE CELLPADDING="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">(ii)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the services have been rendered and all required milestones achieved,</TD>
</TR></TABLE>

<TABLE CELLPADDING="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">(iii)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the sales price is fixed or determinable, 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">(iv)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Collectability is reasonably assured.</TD>
</TR></TABLE>


<P STYLE="font: 10pt Times New (W1); margin: 0; text-align: justify">&nbsp;</P>

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

<P STYLE="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.&nbsp;</P>

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

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

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

<P STYLE="font: 10pt Times New (W1); margin: 0; text-align: justify"><U>Comprehensive Income (Loss)</U></P>

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

<P STYLE="font: 10pt Times New (W1); margin: 0; text-align: justify"><U>Loss Per Share</U></P>

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

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

<P STYLE="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 (W1); margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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

<P STYLE="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 (W1); margin: 0; text-align: justify; text-indent: 0.5in"><I>&nbsp;</I></P>

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

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

<P STYLE="font: 10pt Times New (W1); margin: 0; text-align: justify"><U>Fair Value for Financial Assets and Financial Liabilities</U></P>

<P STYLE="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="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">Level 1</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Quoted market prices available in active markets for identical assets or liabilities
as of the reporting date.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="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">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: 0; text-align: justify"></P>


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

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

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

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

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

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

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

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

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

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

<P STYLE="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 (W1); margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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

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

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

<P STYLE="font: 10pt Times New (W1); margin: 0; text-align: justify">NOTE 2 - <U>FIXED ASSETS</U></P>

<P STYLE="font: 10pt Times New (W1); margin: 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New (W1); 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 (W1); margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="text-align: center; vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">December 31, 2014</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">June 30, 2015</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <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: 50%; text-align: justify">Computers</TD><TD STYLE="width: 8%">&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: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; text-align: right">31,033</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: 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: 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">54,347</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">6,121</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="margin: 0; text-align: justify"></P>

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<P STYLE="margin: 0; text-align: justify">NOTE 3 - <U>PREPAID EXPENSE</U></P>

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

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

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

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

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

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

<P STYLE="font: 10pt Times New (W1); 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="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">NOTE 4 - <U>DERIVATIVE LIABILITIES</U></P>

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

<P STYLE="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 (W1); margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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

<P STYLE="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>

<P STYLE="font: 10pt Times New (W1); margin: 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; 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: rgb(204,238,255)">
    <TD STYLE="width: 40%; text-align: justify; padding-left: 5.4pt">Fair value at the commitment date</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">87,189</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</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">$</TD><TD STYLE="width: 10%; text-align: right">0</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">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">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: 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">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: 5.4pt">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: 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>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-left: 5.4pt">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: 5.4pt">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: 5.4pt">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: 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 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: 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="3" STYLE="border-bottom: Black 1pt solid">Commitment Date</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid">Remeasurement Date</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 56%; text-align: justify">&nbsp;Expected dividends</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; text-align: right">0%</TD><TD STYLE="width: 1%; text-align: left"></TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; text-align: right">0%</TD><TD STYLE="width: 1%; text-align: left"></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">&nbsp;Expected volatility</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">150%</TD><TD STYLE="text-align: left"></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">150%</TD><TD STYLE="text-align: left"></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify">&nbsp;Expected term</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;3-5 years&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;1.83 &#8211; 4.70 years&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">&nbsp;Risk free interest rate</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;0.75% - 1.1%&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.89% - 1.35%</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="margin: 0; text-align: justify">NOTE 5 - <U>DEBT DISCOUNT</U></P>

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

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

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

<P STYLE="margin: 0; text-align: justify">Debt discount is summarized as follows:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: justify; border-bottom: Black 1pt solid">June 30, 2015</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: justify; 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: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 15%; text-align: right">107,016</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 15%; 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">Debt discount on notes payable, net</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">56,669</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">107,016</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New (W1); margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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

<P STYLE="margin: 0; text-align: justify">NOTE 6 - <U>CONVERTIBLE DEBENTURES</U></P>

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

<P STYLE="font: 10pt Times New (W1); 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="margin: 0; text-align: justify">&nbsp;</P>

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

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

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

<P STYLE="font: 10pt Times New (W1); 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="margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">NOTE 7 - <U>CAPITAL STOCK</U></P>

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

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

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

<P STYLE="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>

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

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

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

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

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

<P STYLE="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="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 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: 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. As of June 30, 2015, all 1,732,000 shares of common stock had been issued.</P>

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

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

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

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

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

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

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

<P STYLE="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>

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

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

<P STYLE="font: 10pt Times New (W1); margin: 0; text-align: justify">NOTE 8 - <U>STOCK WARRANTS</U></P>

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

<P STYLE="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 (W1); margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="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="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="font: 10pt Times New (W1); 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="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New (W1); 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="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="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">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="font: 10pt Times New (W1); 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>

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<P STYLE="font: 10pt Times New (W1); margin: 0; text-align: justify"></P>

<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 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 COLSPAN="3">&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">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: right"><B>Outstanding</B></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><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: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 18%; text-align: right">&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 18%; text-align: right">0.001</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 18%; text-align: right">3,113,659</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="text-align: justify; width: 18%">2</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.4</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,000,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">2</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">$</TD><TD STYLE="text-align: right">0.5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">100,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">5</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.6</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">5</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">$</TD><TD STYLE="text-align: right">1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">866,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">3</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><B>Exercisable</B></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</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">3,113,659</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">2</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">$</TD><TD STYLE="text-align: right">0.4</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,000,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">2</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.5</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: justify">5</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">$</TD><TD STYLE="text-align: right">0.6</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">5</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">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: justify">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="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">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="font: 10pt Times New (W1); margin: 0; text-align: justify">&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"></P>

<P STYLE="font: 10pt Times New (W1); 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="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="font: 10pt Times New (W1); 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="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="font: 10pt Times New (W1); margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New (W1); 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 COLSPAN="3" STYLE="text-align: justify; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: justify; border-bottom: Black 1pt solid">Exercise Price per Share</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: justify; border-bottom: Black 1pt solid">Shares Under Options</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; border-bottom: Black 1pt solid">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: right"><B>Outstanding</B></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><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: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 17%; text-align: right">&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 17%; text-align: right">0.10</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 17%; text-align: right">1,750,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="text-align: justify; width: 17%">9</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</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: justify">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">$</TD><TD STYLE="text-align: right">0.60</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">105,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">10</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><B>Exercisable</B></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</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">625,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">9</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">$</TD><TD STYLE="text-align: right">0.50</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">532,584</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">10</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.60</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17,498</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">10</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New (W1); margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New (W1); 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 (W1); margin: 0; text-align: justify; text-indent: 0.5in">&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="font: 10pt Times New (W1); margin: 0; text-align: justify">&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="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">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="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">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="font: 10pt Times New (W1); 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="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="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">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.&nbsp;</P>


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

<P STYLE="margin-top: 0; text-align: center; 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, formally known as
Bongiovanni &amp; Associates, P A, 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 (W1); margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0; font-weight: bold">WHERE YOU CAN FIND MORE INFORMATION</P>

<P STYLE="margin-top: 0; text-align: center; 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 shares of common stock 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
common stock, 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="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.</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">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.&nbsp;</P>

<P STYLE="font: 16pt Times New (W1); margin: 11.25pt 0 0; text-align: center"><B>MASSROOTS, INC.</B></P>

<P STYLE="font: 10pt Times New (W1); margin: 11.25pt 0 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New (W1); margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New (W1); margin: 0; text-align: center"><B>49,148,192 Shares of Common Stock,</B></P>

<P STYLE="font: 10pt Times New (W1); margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New (W1); margin: 6pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New (W1); margin: 6pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/0.05pt Times New (W1); margin: 0 40.1pt 0 34.55pt">&nbsp;</P>

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<P STYLE="font: 10pt/0.05pt Times New (W1); margin: 1pt 40.1pt 0 34.55pt">&nbsp;</P>

<P STYLE="font: 10pt Times New (W1); margin: 0.25in 0 0; text-align: center"><B>PROSPECTUS</B></P>

<P STYLE="font: 10pt Times New (W1); margin: 6pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/0.05pt Times New (W1); margin: 0 40.1pt 0 34.55pt">&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 (W1); 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 (W1); margin: 11.25pt 0 0; text-align: center">August 11, 2015</P>

<P STYLE="font: 10pt Times New (W1); margin: 6pt 0 0"></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"><B>&nbsp;</B></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) 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 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: 70%; text-align: left; padding-left: 5.4pt">SEC registration fees</TD><TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 18%; text-align: right">649</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 5.4pt">Costs of printing</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">50</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Legal fees and expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">150,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Accountants fees and expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">11,500</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 5.4pt">Miscellaneous</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">500</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 5.4pt">TOTAL</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">172,699</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"><B>Item 14.&#9; Indemnification of Directors and Officers.</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">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">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"><B>&nbsp;</B></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>

<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>



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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 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) theC ompany&#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;).</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">From March 18, 2014 through March 31, 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 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>

<TABLE CELLPADDING="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 are covered under 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">The securities in the transactions set out below were
not covered by  this Registration Statement:</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">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-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 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>



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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">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-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">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-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 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-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">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-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 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-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 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-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">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 will receive $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-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 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>



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

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

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The following exhibits are filed with this registration statement:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New (W1); 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 Common Stock Warrant
    from March 2014 Offering*</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 Debenture Agreement
    from March 2014 Offering *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">4.4</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 *</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">4.5</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify">Consulting Warrant, from March
    2014 Offering *&nbsp;&nbsp;</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 (incorporated by reference to Exhibit 5.1 filed to Amendment No.
    2 to the Company&#8217;s Registration Statement on Form S-1 on August 8, 2014)</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>
    <TD STYLE="vertical-align: top; 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&rsquo;s Current Report on Form
    8-K filed on June 19, 2015)</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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<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; width: 11%">10.3</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; width: 89%">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>
<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>
</TABLE>

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<P STYLE="font: 10pt Times New (W1); margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New (W1); border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 11%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">10.12</TD>
    <TD STYLE="width: 89%; 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">Lease Agreement, dated July
    22, 2014, by and between the Company, CannaBuild, LLC, and 2247 Federal Boulevard, LLC (incorporated by reference to Exhibit
    10.16 filed along with Amendment No. 2 to the Company&#8217;s Registration Statement on Form S-1 on August 8, 2014)</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">Expense Sharing Agreement,
    dated July 22, 2014, by and between the Company and CannaBuild, LLC (incorporated by reference to Exhibit 10.17 filed along
    with Amendment No. 2 to the Company&#8217;s Registration Statement on Form S-1 on August 8, 2014)</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">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">10.18</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><P STYLE="margin-top: 0; margin-bottom: 0">Investment
Banking Agreement between Chardan and the Company, dated June 9, 2015 (incorporated by reference to Exhibit 10.2 to the Company&#8217;s
Current Report on Form 8-K filed on July 14, 2015)</P></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"><A HREF="msrt080615posamex10_19.htm">Amended
    Employment Agreement between the Company and Hyler Fortier+</A></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"><A HREF="msrt080615posamex23_1.htm">Consent
    of N.K.A. L&amp;L CPAs, PA, formally known as Bongiovanni &amp; Associates, P.A.+</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-on June 6, 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">+ 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"><B>Item 17.&#9; Undertakings.</B></P>

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

<P STYLE="font: 10pt Times New (W1); margin: 0 0 6pt; text-align: justify">(a)&#9;The undersigned registrant hereby undertakes:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New (W1); 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 (W1); 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 (W1); 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>

<P STYLE="font: 10pt Times New (W1); margin: 0 0 6pt 0.75in; text-align: justify"></P>

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<P STYLE="font: 10pt Times New (W1); margin: 0 0 6pt 0.75in; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New (W1); 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 (W1); 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 (W1); 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 (W1); 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 (W1); 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 (W1); margin: 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 August 11, 2015.</P>

<P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0; text-indent: 20pt">&nbsp;</P>

<P STYLE="font: 10pt Times New (W1); margin: 0; text-indent: 0.5in"><B>MASSROOTS, INC.</B></P>

<P STYLE="font: 10pt Times New (W1); margin: 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New (W1); width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right; vertical-align: top">By:</TD>
    <TD><P STYLE="font: 10pt Times New (W1); margin: 0"><U>/s/ Isaac Dietrich &nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
        Isaac Dietrich</P>
        <P STYLE="font: 10pt Times New (W1); margin: 0">Chief Executive Officer</P></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; text-indent: 20pt">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 (W1); margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New (W1); 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">August 11, 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">August 11, 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">August 11, 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">August 11, 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">August 11, 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">August 11, 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">August 11, 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 (W1); margin: 0 0 6pt; text-align: justify"></P>

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<DOCUMENT>
<TYPE>EX-10.19
<SEQUENCE>10
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<P STYLE="margin: 0; font-weight: bold; text-align: center"><U>AMENDMENT
TO EMPLOYMENT AGREEMENT</U></P>

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

<P STYLE="margin: 0; text-align: justify; text-indent: 20pt">THIS AMENDMENT
TO THE EMPLOYMENT AGREEMENT DATED APRIL 1, 2014 is made and entered into as of March 31, 2015, by and between MassRoots, Inc.
(the &#8220;Company&#8221;), and Hyler Fortier (the &#8220;Employee&#8221;).</P>

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

<P STYLE="margin: 0; text-align: center">R E C I T A L S</P>

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

<P STYLE="margin: 0; text-align: justify; text-indent: 20pt">WHEREAS, the Company
and Employee entered into an Amended Employment Agreement on April 1, 2014.</P>

<P STYLE="margin: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify; text-indent: 20pt">WHEREAS, the Company
has determined the Employee has routinely exceeded key performance metrics in her area of operations.</P>

<P STYLE="margin: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify; text-indent: 20pt">NOW, THEREFORE,
be it resolved that Section 5 (a) of the Employment Agreement dated April 1, 2014 be amended effective April 1, 2015 to state:</P>

<P STYLE="margin: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">(a)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Employee shall receive an annual salary of sixty thousand dollars ($60,000) (&#8220;Base
Salary&#8221;) paid in accordance with the Company&#8217;s normal payroll practices. The Company may make such deductions, withholdings
or payments from sums payable to Employee hereunder which are required by law for taxes and similar charges. The Company will
review Employee&#8217;s base salary in accordance with the Company&#8217;s normal payroll procedures.</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">IN WITNESS WHEREOF,
Employee and the Company have executed this Employment Agreement as of the day and year first above written.</P>

<P STYLE="margin: 0; text-align: justify; text-indent: 20pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: top; padding-bottom: 1pt">By:</TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 1pt solid">/s/ Isaac Dietrich</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: middle">Name:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Isaac Dietrich </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: top">Title:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Chairman and CEO</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: middle; padding-bottom: 1pt">By:</TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 1pt solid">/s/ Hyler Fortier</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Employee Signature </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B><U>CONSENT OF INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM</U></B></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">We hereby consent to the use in this Post-Effective
Amendment No. 2 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="margin-top: 0; margin-bottom: 0; text-align: justify">&nbsp;</P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify"><U>/s/ Bongiovanni &amp; Associates, PA</U></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">Bongiovanni &amp; Associates, PA</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">N.K.A L&amp;L CPAS,PA</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: justify">August 11, 2015</P>

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