<SEC-DOCUMENT>0000721748-16-001238.txt : 20160506
<SEC-HEADER>0000721748-16-001238.hdr.sgml : 20160506
<ACCEPTANCE-DATETIME>20160506170023
ACCESSION NUMBER:		0000721748-16-001238
CONFORMED SUBMISSION TYPE:	DEF 14C
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20160506
FILED AS OF DATE:		20160506
DATE AS OF CHANGE:		20160506
EFFECTIVENESS DATE:		20160506

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:		DEF 14C
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-55431
		FILM NUMBER:		161628974

	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>DEF 14C
<SEQUENCE>1
<FILENAME>msrtdef14c042616.htm
<TEXT>
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<P STYLE="margin: 0; text-align: center"><B>UNITED STATES</B></P>

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

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

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

<P STYLE="margin: 0; text-align: center"><B>SCHEDULE 14C INFORMATION</B></P>

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

<P STYLE="margin: 0; text-align: center">Information Statement Pursuant to Section 14(c)
of the Securities Exchange Act of 1934</P>

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

<P STYLE="margin: 0; text-align: left">Check the appropriate box:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[ ]&nbsp;</FONT></TD>
    <TD STYLE="width: 85%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Preliminary Information Statement&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[ ]&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Confidential, for Use of the Commission Only
    (as permitted by Rule 14c-5(d)(2))&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[X]</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Definitive Information Statement</FONT></TD></TR>
</TABLE>
<P STYLE="margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>MASSROOTS, INC.</U></B></FONT></P>

<P STYLE="margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">(Name of Registrant As Specified In Its Charter)</FONT></P>

<P STYLE="margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0; text-align: left"><FONT STYLE="font-size: 10pt"><B>Payment of Filing Fee (Check the Appropriate Box):</B></FONT></P>

<P STYLE="margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[X]</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No fee required</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&nbsp;&nbsp; ]</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fee computed on table below per
    Exchange Act Rules 14c-5(g) and 0-11.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 11%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 13%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD>
    <TD STYLE="width: 76%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title of each class of securities
    to which transaction applies:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Aggregate number of securities to which the
    transaction applies:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Per unit price or other underlying value of
    transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state
    how it was determined):</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(4)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Proposed maximum aggregate value of transaction:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(5)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total fee paid:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&nbsp;&nbsp; ]</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fee paid previously with preliminary
    materials</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&nbsp;&nbsp; ]</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Check box if any part of the fee
    is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously.
    Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amount previously paid:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form, Schedule or Registration Statement No.:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Filing Party:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(4)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date Filed:</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

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

<P STYLE="margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>MASSROOTS,
INC.</B></FONT></P>

<P STYLE="margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">1624 Market Street,
Suite 201</FONT></P>

<P STYLE="margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">Denver, CO 80202</FONT></P>

<P STYLE="margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">May 6, 2016</FONT></P>

<P STYLE="margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>NOTICE OF
ACTION BY WRITTEN</B></FONT></P>

<P STYLE="margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>CONSENT OF
MAJORITY SHAREHOLDERS</B></FONT></P>

<P STYLE="margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>WE ARE NOT
ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A </B></FONT></P>

<P STYLE="margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>PROXY. THIS
IS NOT A NOTICE OF A MEETING OF SHAREHOLDERS AND NO SHAREHOLDERS&#8217;</B></FONT></P>

<P STYLE="margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>MEETING WILL
BE HELD TO CONSIDER ANY MATTER DESCRIBED HEREIN. </B></FONT></P>

<P STYLE="margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="margin: 0; text-align: left"><FONT STYLE="font-size: 10pt">Dear Shareholders:</FONT></P>

<P STYLE="margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">We are furnishing
this notice and the accompanying Information Statement to all holders of record of shares of common stock of MassRoots, Inc. (the
&#8220;Company&#8221;) as of close of business on April 25, 2016 (&#8220;Record Date&#8221;), pursuant to Section 14 of the Securities
Exchange Act of 1934, as amended, and the rules promulgated by the U.S. Securities and Exchange Commission thereunder. The purpose
of this Information Statement is to notify you that, by written consent, dated April 26, 2016, the holders of 60.83% of our outstanding
shares of common stock of the Company, par value of $0.001, on the Record Date authorized or approved the following actions:</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Grant
                                         the Board of Directors discretionary authority to amend the Company&#8217;s Amended And
                                         Restated Certificate Of Incorporation to effectuate a reverse stock split of the Company&#8217;s
                                         common stock, par value $0.001, at a ratio between 1-for-1.1 shares and 1-for-8 shares,
                                         to be determined later by the Board of Directors in its sole discretion;</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Re-elect
                                         each of Isaac Dietrich, Stewart Fortier, Vincent &#8220;Tripp&#8221; Keber, Ean Seeb, and Terence
                                         Fitch as directors to serve on the Company&#8217;s Board of Directors until the next
                                         succeeding annual meeting of the Company and his successor is duly elected and qualified
                                         or until the earlier of his resignation, death or removal; and</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ratify
                                         the appointment of Liggett, Vogt &amp; Webb P.A., to serve as the Company&#8217;s independent
                                         registered public accounting firm for the fiscal year ending December 31, 2016.</FONT></TD></TR></TABLE>

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

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

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Your vote or
consent is not requested or required. This is not a notice of special meeting of shareholders and no shareholders meeting will
be held to consider any matter which is described herein. Our Board of Directors is not soliciting your proxy. Section 228 of
the Delaware General Corporation Law and Article I, Section 10, of the Company&#8217;s By-Laws provide that any action required
or permitted to be taken at an annual meeting of shareholders may be taken without a meeting if shareholders holding at least
a majority of the voting power sign a written consent approving the action. The written consent of a majority of the outstanding
shares of common stock of the Company is sufficient to approve these matters.</FONT></P>

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>THE ACCOMPANYING INFORMATION STATEMENT IS BEING MAILED
TO SHAREHOLDERS ON OR ABOUT MAY 6, 2016. WE ARE NOT ASKING FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY.</B></FONT></P>

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9;
By Order of the Board of Directors,</FONT></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: right"><FONT STYLE="font-size: 10pt"><U>/s/ Isaac
Dietrich&#9;</U></FONT></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: right"><FONT STYLE="font-size: 10pt">Isaac Dietrich</FONT></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: right"><FONT STYLE="font-size: 10pt">Chief Executive
Officer</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B><U><A NAME="TableOfContents" TITLE="Table of Contents"></A>TABLE OF
CONTENTS</U></B></FONT></P>

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

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



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="width: 90%; text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">GENERAL
    INFORMATION</FONT></TD>
    <TD STYLE="width: 10%; text-align: right; padding-top: 0in; padding-bottom: 5pt"><FONT STYLE="font-size: 10pt">1</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">OUTSTANDING
    SHARES AND VOTING RIGHTS</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt"><FONT STYLE="font-size: 10pt">3</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">SECURITY
    OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt"><FONT STYLE="font-size: 10pt">3</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">DIRECTORS
    AND EXECUTIVE OFFICERS</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt">6</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">CORPORATE
    GOVERNANCE</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt"><FONT STYLE="font-size: 10pt">10</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">COMPENSATION
    OF THE DIRECTORS AND EXECUTIVE OFFICERS</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt"><FONT STYLE="font-size: 10pt">13</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: bold 11pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 11pt"><FONT STYLE="font-size: 10pt">ACTION
    ONE REVERSE STOCK SPLIT OF THE COMPANY&#8217;S OUTSTANDING COMMON STOCK</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt"><FONT STYLE="font-size: 10pt">21</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: bold 11pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 11pt"><FONT STYLE="font-size: 10pt">ACTION
    TWO ELECTION OF DIRECTORS</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt"><FONT STYLE="font-size: 10pt">26</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: bold 11pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 11pt"><FONT STYLE="font-size: 10pt">ACTION
    THREE RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt"><FONT STYLE="font-size: 10pt">28</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">OTHER
    MATTERS</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt"><FONT STYLE="font-size: 10pt">31</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">FOR MORE
    INFORMATION</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt"><FONT STYLE="font-size: 10pt">31</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 5pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">HOUSEHOLDING
    INFORMATION</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 5pt"><FONT STYLE="font-size: 10pt">31</FONT></TD></TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt; text-transform: uppercase"><B></B></FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt; text-transform: uppercase"><B>INFORMATION
STATEMENT</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">May 6, 2016</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">1624 Market Street,
Suite 201</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">Denver, CO 80202</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">Telephone: (770)
784-4711</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>WE ARE NOT
ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY</B></FONT></P>

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

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt">GENERAL
INFORMATION</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">This Information
Statement (this &#8220;Information Statement&#8221;) has been filed with the United States Securities and Exchange Commission
(the &#8220;SEC&#8221;) and is being mailed or otherwise furnished to the registered holders of the common stock, $0.001 par value
(&#8220;Common Stock&#8221;), of MassRoots, Inc. (the &#8220;Company&#8221;), solely for the purpose of informing you, as one
of our shareholders, in the manner required under Regulation 14(c) promulgated under the Securities Exchange Act of 1934, as amended
(the &#8220;Exchange Act&#8221;), that, upon approval by the Company&#8217;s Board of Directors (the &#8220;Board&#8221;) on April
26, 2016, the holders of a majority of the issued and outstanding shares of Common Stock (the &#8220;Majority Shareholders&#8221;)
have executed a written consent approving the corporate actions described herein (the &#8220;Written Consent&#8221;). The Record
Date for determining the shareholders entitled to receive this Information Statement was April 25, 2016, at which time the Company
had 48,486,585 shares of Common Stock issued and outstanding. The Common Stock represents the only voting securities of the Company.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">A copy of
our Annual Report on Form 10-K for the fiscal year ended December 31, 2015 was filed with the SEC on March 30, 2016 (the
&#8220;2015 Annual Report&#8221;) is available on the Company&#8217;s website (www.massroots.com/investors) or upon request
by contacting us at MassRoots, Inc., 1624 Market Street, Suite 201, Denver, CO 80202; Attn: Investor Relations. The following
questions and answers provide information about this Information Statement. All references to &#8220;we,&#8221;
&#8220;us,&#8221; &#8220;our,&#8221; &#8220;the Company,&#8221; &#8220;MassRoots&#8221; or similar terms in this information
statement refer to MassRoots, Inc.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Why have
I received these materials?</U></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Pursuant to
Section 14 of the Exchange Act, we are required to provide this Information Statement to all holders of our voting stock as of
April 25, 2016 (the &#8220;Record Date&#8221;), to inform them that on April 26, 2016, the Majority Shareholders, by the Written
Consent, took certain actions that normally require a meeting of shareholders, as permitted under our By-Laws and Delaware law.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">This Information
Statement is being provided to you because you are a holder of our Common Stock as of the Record Date. As of the Record Date,
48,486,585 shares of Common Stock were issued and outstanding and no shares of preferred stock were issued or outstanding.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>What actions
did the majority of shareholders approve or authorize?</U></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The Majority
Shareholders approved and/or authorized the following actions by the Written Consent:</FONT></P>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Grant
                                         the Board of Directors discretionary authority to amend the Company&#8217;s amended and
                                         restated certificate of incorporation (the &#8220;RS Amendment&#8221;) to effectuate
                                         a reverse stock split of the Company&#8217;s Common Stock at a ratio between 1-for-1.1
                                         shares and 1-for-8 shares (the &#8220;Reverse Stock Split&#8221;), to be determined at a later
                                         date by the Board of Directors in its sole discretion;</FONT></TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt">2.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Re-elect
                                         each of Isaac Dietrich, Stewart Fortier, Vincent &#8220;Tripp&#8221; Keber, Ean Seeb, and
                                         Terence Fitch as directors to serve on the Company&#8217;s Board of Directors until the
                                         next succeeding annual meeting of the Company and his successor is duly elected and qualified
                                         or until the earlier of his resignation, death or removal; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt">3.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Ratify
                                         of the appointment of Liggett, Vogt &amp; Webb P.A., to serve as the Company&#8217;s
                                         independent registered public accounting firm for the fiscal year ending December 31,
                                         2016.</FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Under the rules of the SEC, the
above actions cannot become effective until at least 20 days a  definitive Information Statement has been distributed to the
shareholders of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>How many
votes were needed for the approval or authorization of these actions?</U></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Directors are
elected by the shareholders. Voting for the election of directors is non-cumulative, which means that a simple majority of the
shares voting may elect all of the directors. The ratification of Liggett, Vogt &amp; Webb P.A. as our independent registered
public accounting firm, and the granting of the Board authority to file the RS Amendment, amending the the Amended and Restated
Certificate of Incorporation of the Company to effectuate the Reverse Stock Split by written consent requires the affirmative
vote or written consent of a majority of the shares present in person or by proxy, or, if by written consent, a majority of those
shares entitled to vote at a meeting of shareholders.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Who Voted?
</U></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The following
shareholders are the Majority Shareholders who voted unanimously for the proposals, making up a total of 60.83% of the total shares
of Common Stock outstanding as of the Record Date:</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Shareholder</I></B></FONT></TD>
    <TD STYLE="text-decoration: underline; line-height: 107%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Shares Voted</U>&#9;</B></FONT></TD>
    <TD STYLE="text-align: justify; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&#9;<U>Affiliation with MassRoots</U></I></B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-align: justify; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Isaac
    Dietrich</FONT></TD>
    <TD STYLE="text-align: justify; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9;17,698,831&#9;</FONT></TD>
    <TD STYLE="text-align: justify; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chairman
    of Board, Chief Executive Officer, President, 10%+ Shareholder</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: justify; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Hyler
    Fortier&#9;</FONT></TD>
    <TD STYLE="text-align: justify; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4,502,970&#9;</FONT></TD>
    <TD STYLE="text-align: justify; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Brand
    Director of the Company</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCEEFF">
    <TD STYLE="width: 25%; text-align: justify; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stewart Fortier&#9;</FONT></TD>
    <TD STYLE="width: 25%; text-align: justify; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,675,976&#9;</FONT></TD>
    <TD STYLE="width: 50%; text-align: justify; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director, Chief Technology Officer</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="text-align: justify; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Tyler Knight&#9;</FONT></TD>
    <TD STYLE="text-align: justify; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,618,976&#9;</FONT></TD>
    <TD STYLE="text-align: justify; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Senior Content Strategist of the Company</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-indent: 0.5in"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Is it necessary for me to do anything?</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">No. No
other votes or written consents are necessary or required. Under the rules of the SEC, these actions cannot become effective
until at least 20 days after a definitive  Information Statement has been distributed to the shareholders of the
Company.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>No Dissenter&#8217;s
Right of Appraisal</U></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The Company&#8217;s
shareholders do not have dissenter&#8217;s rights of appraisal in connection with any matters discussed in this Information Statement.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Who is
paying for this Information Statement?</U></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">We, the Company,
are paying for the costs of preparing and mailing this Information Statement. &nbsp;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>NOTICE OF
ACTIONS TO BE TAKEN PURSUANT TO THE WRITTEN CONSENT OF SHAREHOLDERS HOLDING A MAJORITY OF THE OUTSTANDING SHARES OF COMMON STOCK
OF THE COMPANY IN LIEU OF AN ANNUAL MEETING OF THE SHAREHOLDERS.</B></FONT></P>

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



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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt">OUTSTANDING
SHARES AND VOTING RIGHTS&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">As of the Record
Date, the Company's authorized capital stock consisted of 200,000,000 shares of Common Stock, of which 48,486,585 shares of Common
Stock were issued and outstanding.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Each share of
Common Stock entitles its holder to one vote on each matter submitted to the Company&#8217;s shareholders. However, because the
Majority Shareholders have voted in favor of the foregoing proposals by resolution dated April 26, 2016, and having sufficient
voting power to approve such proposals through their ownership of Common Stock, no other shareholder consents will be solicited
in connection with this Information Statement.</FONT></P>

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt">SECURITY
OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">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
shareholder known to the Company to be the beneficial owner of more than 5% of the outstanding shares of Common Stock.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Each of
the Company&#8217;s outstanding convertible debentures, convertible notes and warrants to purchase Common Stock include a
provision which prevents the Company from effecting any conversion or exercise of the respective debenture, note 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;).</FONT></P>

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

<P STYLE="font: 10pt Times New (W1),serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Unless otherwise indicated
in the footnotes to the table, all information set forth in the table is as of April 25, 2016, 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% shareholders are set forth in the footnotes to this table.</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="11" STYLE="text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Number of</B></FONT></P> <P STYLE="font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Shares</B></FONT></P> <P STYLE="font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Beneficially</B></FONT></P> <P STYLE="font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Owned (1)</B></FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Percentage</B></FONT></P> <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Outstanding (2)</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -8.8pt; padding-left: 8.8pt">Directors and Officers</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&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%; text-align: left">Isaac Dietrich</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">17,703,831</TD><TD STYLE="width: 1%; text-align: left">(3)</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&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">36.51</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">(3</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Stewart Fortier</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,685,976</TD><TD STYLE="text-align: left">(4)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Daniel Hunt </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">467,500</TD><TD STYLE="text-align: left">(15)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.96</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; text-indent: -8.8pt; padding-left: 8.8pt">Ean Seeb</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">295,000</TD><TD STYLE="text-align: left">(12)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.61</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; text-indent: -8.8pt; padding-left: 8.8pt">Vincent &ldquo;Tripp&rdquo; Keber</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">250,000</TD><TD STYLE="text-align: left">(13)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.52</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; text-indent: -8.8pt; padding-left: 8.8pt">Terence Fitch (17)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">149,998</TD><TD STYLE="text-align: left">(18)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.31</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; text-indent: -8.8pt; padding-left: 8.8pt">Jesus Quintero</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">100,000</TD><TD STYLE="text-align: left">(19)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.21</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-indent: -8.8pt; padding-left: 8.8pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 11pt; text-align: left"><P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 8.8pt; text-indent: -8.8pt"><FONT STYLE="font-size: 10pt">All directors and executive</FONT></P> <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 8.8pt; text-indent: -8.8pt"><FONT STYLE="font-size: 10pt">officers as a group (7&nbsp;persons)</FONT></P></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">22,652,305</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">46.17</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>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-indent: -8.8pt; padding-left: 8.8pt">5% Shareholders</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -8.8pt; padding-left: 8.8pt">Douglas Leighton (5)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,242,144</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18.31</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(7</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -8.8pt; padding-left: 8.8pt">Michael Novielli (8)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,542,375</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(9</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13.73</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(7</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -8.8pt; padding-left: 8.8pt">Dutchess Opportunity Fund II, LP (10)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,792,375</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(11</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12.53</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(7</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -8.8pt; padding-left: 8.8pt">Hyler Fortier (14)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,502,970</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9.29</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">Tyler Knight (16)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,618,976</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7.46</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>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 6%; padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD>
    <TD STYLE="width: 92%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Company believes that each shareholder 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 shareholder is determined under the
    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 April 25, 2016 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 shareholder     of beneficial ownership of those shares of common
    stock.</FONT></TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></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>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; 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%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; width: 92%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt; width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(2)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Based on 48,486,585 shares of common stock
    issued and outstanding as of April 25, 2016.</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(3)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">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 our $1 warrants.&nbsp;&nbsp;These are aggregated without regard to the 4.99% Blocker and the percentage outstanding calculated
    without regard to the 4.99% Blocker.&nbsp;&nbsp;With regard to the 4.99% Blocker, the amount beneficially owned would be 17,698,831
    shares, which would be equal to 36.51% of the Company&#8217;s outstanding shares.</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(4)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">The 3,685,976&nbsp;&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 our $1 warrants.&nbsp;&nbsp;These are aggregated without regard to the 4.99% Blocker and the percentage outstanding calculated
    without regard to the 4.99% Blocker.&nbsp;&nbsp;&nbsp;With regard to the 4.99% Blocker, the amount beneficially owned would
    be 3,765,976 shares, which would be equal to 7.60% of the Company&#8217;s outstanding shares</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(5)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Douglas Leighton
    resigned from the Company&#8217;s Board of Directors as of March 25, 2014. His address is as follows: 50 Commonwealth Ave.,
    Suite 2 Boston, MA 02116.</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(6)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">The 10,242,144 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 our $0.001 warrants; (iv) $109,100 in convertible debentures held by
    Dutchess (which Mr. Leighton and Michael Novelli, as Managing Members, have shared voting power and dispositive control),
    convertible into 1,091,000 shares of our common stock; (v) 2,963,659 shares of our common stock issuable to Dutchess upon
    exercise of our $0.001 warrants; (vi) 2,594,500 shares of our common stock issuable to Dutchess upon exercise of our $0.40
    warrants; (vii) 143,216 shares of our common stock held by Dutchess;&nbsp;&nbsp;(viii) $50,000 of convertible debentures held
    by Azure Capital, LLC (of which Mr. Leighton, as Managing Partner, has sole voting power and dispositive control), convertible
    into 500,000 shares of our common stock; (ix) 250,000 shares of our common stock issuable to Azure Capital, LLC upon exercise
    of our $0.40 warrants; and (x) 5,000 shares of our common stock held in a retirement account of Mr. Leighton.</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(7)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Each of the convertible
    debentures and warrants to purchase shares of our common stock held of record and beneficially by Dutchess, Mr. Leighton and
    Mr. Novelli contain the 4.99% Blocker. Amounts shown in the table, however, are calculated without regard to the 4.99% Blocker.&nbsp;&nbsp;As
    of the date noted above, inclusive of the 4.99% Blocker, Dutchess, Mr. Leighton and Mr. Novelli beneficially own 4.99%, 4.99%
    and 4.99%, respectively, of our issued and outstanding common stock.&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(8)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Michael Novelli&#8217;s
    address is as follows: c/o Dutchess Global LLC, 1110 Rt. 55, Suite 206, LaGrangeville, NY 12540.</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></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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<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt; width: 6%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; width: 92%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt; width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(9)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">The 7,542,375 shares
    of our common stock, aggregated without regard to the 4.99% Blocker, includes (i) $109,100 in convertible debentures held
    by Dutchess (which Mr. Douglas Leighton and Mr. Michael Novelli, as Managing Members, have shared voting power and dispositive
    control), convertible into 1,091,000 shares of our common stock; (ii) 2,963,659 shares of our common stock held by Dutchess
    issuable upon exercise of our $0.001 warrants; (iii)&nbsp;&nbsp;2,594,500 shares of our common stock issuable to Dutchess
    upon exercise of our $0.40 warrants; (iv) 143,216 shares of our common stock held by Dutchess; (v) $50,000 in convertible
    debentures held by Dutchess Global Strategies Fund, LLC (which Mr. Novelli, as Managing Member, has sole voting power and
    dispositive control), convertible into 500,000 shares of our common stock; and (vi) 250,000 shares of our common stock issuable
    to Dutchess Global Strategies Fund, LLC upon exercise of our $0.40 warrants.</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(10)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Dutchess&#8217; address
    is as follows:&nbsp;&nbsp;Dutchess Opportunity Fund, II, LP 50 Commonwealth Ave., Suite 2 Boston, MA 02116.</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt; width: 6%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt; width: 92%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt; width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(11)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Each of Mr. Michael
    Novielli and Mr. Douglas Leighton, as Managing Partners of Dutchess, has voting power and dispositive control over these shares.
    The 6,792,375 shares of common stock are aggregated without regard to the 4.99% Blocker and include (i) $109,100 in convertible
    debentures convertible into 1,091,000 shares of our common stock; (ii) 2,963,659 shares of our common stock issuable upon
    exercise of our $0.001 warrants; (iii) 2,594,500 shares of our common stock issuable upon exercise of our $0.40 warrants;
    and (iv) 143,216 shares of our common stock.&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(12)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Mr. Seeb&rsquo;s 295,000 shares of common stock consists of (i) 250,000 shares common stock held by Denver
Relief Consulting, which is controlled by Mr. Seeb, (ii) 30,000 shares of common stock held by E-3 Events, which Mr. Seeb shares
a 1/3 interest in, and (iii) 15,000 shares of common stock issuable upon exercise of our $1 warrants, also held by E-3 Events.
These amounts do not include the underlying shares related to options to purchase 750,000 shares of our common stock held by Mr.
Seeb which had not yet vested on April 25, 2016 and were not exercisable within 60 days of such date, and/or contained conditions
preventing their exercise.</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(13)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Mr. Keber&rsquo;s 250,000 shares of common stock consists of (i) 250,000 shares common stock held by Dixie
Holdings LLC, which is controlled by Mr. Keber. These amounts do not include the underlying shares related to options to purchase
750,000 shares of our common stock held by Mr. Keber which had not yet vested on April 25, 2016 and were not exercisable within
60 days of such date, and/or contained conditions preventing their exercise.</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"></FONT></P>

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    <TD STYLE="width: 6%; padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(14)</FONT></TD>
    <TD STYLE="width: 92%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">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.</FONT></TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(15)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; text-indent: -0.9pt"><FONT STYLE="font-size: 10pt">Mr. Hunt&rsquo;s 467,500 shares of common stock consists of (i) 330,000 shares of common stock; (ii) 37,500
shares of common stock issuable upon exercise of our $0.40 warrants; and (iii) options to purchase 100,000 shares of our common
stock which had vested on April 25, 2016 or were exercisable within 60 days of such date. These amounts do not include the unvested
grants of 100,000 shares of restricted stock and the underlying shares related to options to purchase 800,000 shares of our common
stock held by Mr. Hunt which had not yet vested on April 25, 2016 and were not exercisable within 60 days of such date, and/or
contained conditions preventing their exercise.</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></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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    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt; width: 6%"><FONT STYLE="font-size: 10pt">(16)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; width: 92%"><FONT STYLE="font-size: 10pt">Mr. Knight is the
    Company&#8217;s Senior Content Strategist, a non-executive position for the purposes of Item 401 of Regulation S&#45;K, and,
    until December 2015, was the Company&#8217;s Director and Chief Marketing Officer. His address is: c/o MassRoots, Inc., 1624
    Market Street, Suite 201, Denver, CO 80202.</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt; width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(17)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Mr. Fitch joined
    the Company&#8217;s Board of Directors on December 9, 2015.&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(18)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Mr. Fitch&rsquo;s 149,998 shares of common stock consists of (i) 100,000 shares common stock held by Mr. Fitch
and (ii) options held by Mr. Fitch to purchase 49,998 shares of our common stock which had vested on April 25, 2016 or were exercisable
within 60 days of such date. These amounts do not include the underlying shares related to options to purchase 50,002 shares of
our common stock held by Mr. Fitch which had not yet vested on April 25, 2016 and were not exercisable within 60 days of such date,
and/or contained conditions preventing their exercise.</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: right; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">(19)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">These amounts do not include the underlying shares related to options to purchase 100,000 shares of our common
stock held by Mr. Quintero which had not yet vested on April 25, 2016 and were not exercisable within 60 days of such date, and/or
contained performance-based conditions preventing their exercise.</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt; text-transform: none"><B>DIRECTORS
AND EXECUTIVE OFFICERS</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt; text-transform: none">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New (W1),serif; 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 comprising our Board. All Directors are elected annually by the shareholders to
serve until the next annual meeting of the shareholders and until their successors are duly elected and qualified, or until the
earlier of their resignation, death, or removal. The Company&rsquo;s officers are elected by our Board.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Name</B></FONT></TD>
    <TD STYLE="width: 1%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Age</B></FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 69%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Position and Term</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Isaac Dietrich</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">23</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Director and Chairman of the Board (Since 2013), Chief Executive Officer (Since 2013)</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Vincent &#8220;Tripp&#8221; Keber</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">47</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Director (Since 2014)</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Stewart Fortier<SUP>1</SUP></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">25</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Director (Since 2014), Chief Technology Officer (Since 2013)</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Ean Seeb</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">40</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Director (Since 2014)</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Terence Fitch</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">56</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Director (Since 2015)</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Daniel Hunt</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">22</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Chief Operations Officer (Since 2015)</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Jesus Quintero</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">54</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Chief Financial Officer (Since 2014)</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;<SUP>1 </SUP>Stewart
Fortier and Hyler Fortier, our former Chief Operations Officer, are siblings.</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><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 months,
and previously served as its President. 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.
From February to December 2010, Mr. Dietrich served as Field Director for Congressman Scott Rigell&#8217;s campaign.</FONT></P>

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

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

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

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New (W1),serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 10pt"><B>Vincent
&#8220;Tripp&#8221; Keber, Director &#8211;</B> Tripp Keber has served as a Director of MassRoots since 2014. Mr. Keber also is
a co-founder, Director and Chief Executive Officer of&nbsp;Dixie Elixirs &amp; Edibles,&nbsp;a Colorado licensed medical marijuana
infused products manufacturer. He is a founding director of the&nbsp;National Cannabis Industry Association, and, since 2013,
has served as a director of the&nbsp;Marijuana Policy Project. He is also an advisory board member of the&nbsp;Medical Marijuana
Industry Group&nbsp;in Colorado. Mr. Keber also serves as a board member of American Cannabis Company (2014-current). In his current
role as CEO of Dixie, Mr. Keber is responsible for the overall strategy, licensing, marketing, branding and expansion efforts
related to the Dixie brand, both domestically and internationally.&nbsp; Mr. Keber has been featured on CBS&#8217;s 60 Minutes
and CNBC.</FONT></P>

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

<P STYLE="font: 10pt Times New (W1),serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 10pt">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.</FONT></P>

<P STYLE="font: 10pt Times New (W1),serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New (W1),serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 10pt"><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 Consulting LLC, a Colorado medical cannabis operation. As a founding partner of Denver Relief Consulting LLC
and seasoned cannabis dispensary operator, Mr. Seeb has significant experience navigating complex legislation and regulatory demands
unique to legal cannabis operations. Mr. Seeb also serves as a board member of Manna Molecular Sciences (2015-current). He serves
as Chair of the National Cannabis Industry Association and holds leadership positions with charitable organizations focused on
a range of social causes, from civil rights to sustainable volunteer farming. Mr. Seeb has been actively involved with non-profit
groups for over two decades. His years of humanitarian experience lead Mr. Seeb to conceptualize and develop a cannabis-centric
service organization called the Denver Relief GREEN TEAM in 2009. He holds a B.S. degree in Business Administration with an emphasis
in Computer Information Systems from University of Northern Colorado. We believe that Mr. Seeb will use his experience and industry
knowledge to help guide our leadership team.</FONT></P>

<P STYLE="font: 10pt Times New (W1),serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New (W1),serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 10pt"><B>Terence
Fitch, Director </B>- Terence Fitch has served as a Director of the Company since 2015. Mr. Fitch is a seasoned corporate executive
with 23 years of marketing, sales, finance, manufacturing, supply chain and media experience. Mr. Fitch founded Drink Teck, LLC
in 2013 and has served as its Chief Executive Officer since that time. Drink Teck LLC is a functional beverage company which uses
liposome technology to cost-effectively formulate drinks for the consumer health and wellness sector. Prior to founding Drink
Teck LLC, Mr. Fitch spent 3 years at Coca Cola Refreshments as Senior Vice President and General Manager. Before that, 18 years
at, Coca-Cola Enterprises, where, from 2004 to 2010, he served as the Senior Vice President and General Manager of the Western
Region and was responsible for a team of 13,500 sales, strategy, marketing, operations, manufacturing, supply chain and analytical
professionals and accountable for over $4.2 billion in sales. From 1998 to 2002, Mr. Fitch acted as Division Vice President and
General Manager for Coca-Cola Enterprises and, from 1994-1998, was the Regional Vice President of Sales and Marketing of the Gulf
States for Coca-Cola Enterprises. Mr. Fitch has a Bachelor of Science in Marketing and Finance from Arizona State University.
Mr. Fitch brings a strong understanding of financial reporting and corporate governance matters, along with expertise in corporate
governance, enterprise risk management and strategic planning, which we believe will strengthen the Board&#8217;s collective qualifications,
skills, and experience.</FONT></P>

<P STYLE="font: 10pt Times New (W1),serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Daniel Hunt,
Chief Operations Officer -</B> Since June 2015, Daniel Hunt, has served as the Company&#8217;s Chief Operations Officer,
responsible for overseeing the Company's daily operations, including marketing, sales, business development, staffing,
processes and infrastructure. From July 2014 to June 2015, Mr. Hunt served as the Company's Vice President of Marketing,
where he was responsible for the coordination and implementation of the Company&#8217;s marketing initiatives. From June 2011
to July 2014, Mr. Hunt served as Head of Business Development for SearchParty Music, a media production company in
Massachusetts. Prior to joining the Company, Mr. Hunt attended James Madison University from 2012-2014, where he gained
experience while supporting the operations of early-stage startups as a member of the Society of Entrepreneurs. Mr. Hunt also
serves on the board of managers of Flowhub, LLC, a private cannabis point-of-sale company.</FONT></P>

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">There are no
family relationships among the directors and executive officers.</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">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. None of our executive officers or directors have (i) been involved
in any bankruptcy proceedings within the last ten years, (ii) been convicted in or has pending any criminal proceedings (other
than traffic violations and other minor offenses), (iii) been subject to any order, judgment or decree enjoining, barring, suspending
or otherwise limiting involvement in any type of business, securities or banking activity or (iv) been found to have violated
any Federal, state or provincial securities or commodities law and such finding has not been reversed, suspended or vacated.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Section 16(A)
Beneficial Ownership Reporting Compliance</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-size: 10pt">Section
16(a) of the Securities Exchange Act of 1934 requires our directors and executive officers and persons who own more than 10% of
our outstanding shares of Common Stock (collectively, &#8220;Reporting Persons&#8221;) to file with the SEC initial reports of
ownership and reports of changes in ownership in our Common Stock and other equity securities. Specific due dates for these records
have been established, and we are required to report in this report any failure in 2015 to file by these dates. To the Company&#8217;s
knowledge, based solely on its review of the copies of such reports received or written representations from certain Reporting
Persons that no other reports were required, the Company believes that during its fiscal year ended December 31, 2015, all filing
requirements applicable to the Reporting Persons were timely met.</FONT></P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>Certain Relationships and Related
Transactions</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Except as described below (or within
the sections entitled Compensation of The Directors and Executive Officers), no related party has, since the beginning of our
last two fiscal years, 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:</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 30px; text-align: justify"><FONT STYLE="font-size: 10pt">&#8226;</FONT></TD>
    <TD STYLE="width: 10px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">any of our directors or officers;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 30px; text-align: justify"><FONT STYLE="font-size: 10pt">&#8226;</FONT></TD>
    <TD STYLE="width: 10px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">any person who then beneficially owns, directly or indirectly,
    shares carrying more than 10% of the voting rights attached to our outstanding shares of Common Stock; or</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 30px; text-align: justify"><FONT STYLE="font-size: 10pt">&#8226;</FONT></TD>
    <TD STYLE="width: 10px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">any member of the immediate family (including spouse, parents,
    children, siblings and in- laws) of any of the above persons.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">On March 24,
2014, as part of Agreement and Plan of Reorganization, 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;). Each of the below transactions reference such share amounts before and after such Exchange, where applicable.&nbsp;</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">On April 26,
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.</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">On April 26,
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.&nbsp;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">On April 26,
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.&nbsp;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">On April 26,
2013, the Company approved the issuance of 3.00 shares of Common Stock (913,994 shares post-Exchange) to Tyler Knight, our then
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.&nbsp;</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">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 and exchanged for 895,715 common shares post-Exchange.&nbsp;</FONT></P>

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">On October 28,
2014, Isaac Dietrich and Stewart Fortier, our Chief Executive Officer and Chief Technology Officer, respectively, each participated
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. On March 10, 2015,
Michael and Shelly Seeb, Mr. Seeb&#8217;s parents, as well as JEAP Partners, owned by Mr. Seeb&#8217;s father in law, participated
in the Company&#8217;s private offering, purchasing $5,000 and $20,000 of the Company&#8217;s securities respectively. Each of
these purchases were made on the same terms as other, non-affiliated investors.&nbsp;</FONT></P>

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

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

<P STYLE="font: 10pt Times New (W1),serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">We believe that each
of the transactions set forth above was entered into on terms as fair as those that could be obtained from unaffiliated third
parties.</FONT></P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt">Corporate
Governance</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Governance
of Our Company</B></FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">We seek to maintain
high standards of business conduct and corporate governance, which we believe are fundamental to the overall success of our business,
serving our shareholders well and maintaining our integrity in the marketplace. Our corporate governance guidelines and code of
business conduct, together with our Amended and Restated Certificate of Incorporation, Amended and Restated Bylaws and the charters
for each of our Board committees, form the basis for our corporate governance framework. We also are subject to certain provisions
of the Sarbanes-Oxley Act and the rules and regulations of the SEC. As described below, our Board has established three standing
committees to assist it in fulfilling its responsibilities to the Company and its shareholders: the Audit Committee, the Compensation
Committee and the Nominating and Corporate Governance Committee.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Our Board
of Directors</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Our Board currently
consists of five members. The number of directors on our Board can be determined from time to time by action of our Board.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Our Board has
decided that it would judge the independence of its directors by the heightened standards established by the NASDAQ Stock Market,
despite the Company not being subject to these standards. Accordingly, the Board has determined that our three non-employee directors,
including Ean Seeb, Terence Fitch, and Vincent &#8220;Tripp&#8221; Keber, each meet the independence standards established by
the NASDAQ Stock Market and the applicable independence rules and regulations of the SEC, including the rules relating to the
independence of the members of our Audit Committee and Compensation Committee. Our Board considers that a director is independent
when the director is not an officer or employee of the Company or its subsidiaries, does not have any relationship which would,
or could reasonably appear to, materially interfere with the independent judgment of such director, and the director otherwise
meets the independence requirements under the listing standards of the NASDAQ Stock Market and the rules and regulations of the
SEC.</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Our Board believes
its members collectively have the experience, qualifications, attributes and skills to effectively oversee the management of our
Company, including a high degree of personal and professional integrity, an ability to exercise sound business judgment on a broad
range of issues, sufficient experience and background to have an appreciation of the issues facing our Company, a willingness
to devote the necessary time to their Board and committee duties, a commitment to representing the best interests of the Company
and our shareholders and a dedication to enhancing shareholder value.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>Risk Oversight.
</I>Our Board oversees the management of risks inherent in the operation of our business and the implementation of our business
strategies. Our Board performs this oversight role by using several different levels of review. In connection with its reviews
of the operations and corporate functions of our company, our Board of Directors addresses the primary risks associated with those
operations and corporate functions. In addition, our Board of Directors reviews the risks associated with our company's business
strategies periodically throughout the year as part of its consideration of undertaking any such business strategies. Each of
our Board committees also coordinates oversight of the management of our risk that falls within the committee's areas of responsibility.
In performing this function, each committee has full access to management, as well as the ability to engage advisors.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>Shareholder
Communications - </I>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. Please
note that the foregoing communication procedure does not apply to (i) shareholder proposals pursuant to Exchange Act Rule 14a-8
and communications made in connection with such proposals or (ii) service of process or any other notice in a legal proceeding.</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>Board Committees </B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">On December
9, 2015, our Board voted to create separate Audit, Nominating and Corporate Governance, and Compensation Committees of our Board.
Before that time, we did not have any standing Audit, Nominating and Compensation Committees of the Board or committees performing
similar functions. No meetings occurred during the year ended December 31, 2015 for any of our committees.</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>Audit
Committee</I>. The Audit Committee is comprised of three of our independent directors, Ean Seeb, Terence Fitch, and Vincent
&#8220;Tripp&#8221; Keber, each of whom is able to read and understand fundamental financial statements, including our
balance sheet, statements of operations, shareholders&#8217; equity and cash flows. Mr. Fitch is the chairperson of the Audit
Committee. The functions of the Audit Committee include the retention of our independent registered public accounting firm,
reviewing and approving the planned scope, proposed fee arrangements and results of our Company&#8217;s annual audit,
reviewing the adequacy of our Company&#8217;s accounting and financial controls and reviewing the independence of our
Company&#8217;s independent registered public accounting firm. While the Company is not listed on the NASDAQ Stock Market,
our Board has determined that each member of the Audit Committee is an &#8220;independent director&#8221; under the listing
standards of the NASDAQ Stock Market and the applicable rules and regulations of the SEC. Our Board has also determined that
each of Ean Seeb and Terence Fitch are an &#8220;audit committee financial expert&#8221; within the applicable requirements
of the SEC. The Audit Committee is governed by a written charter approved by our Board, a copy of which is available on our
website at https://massroots.com/investors. The charter complies with the applicable provision of the Sarbanes-Oxley Act and
related rules of the SEC.</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>Compensation
Committee</I>. The Compensation Committee is comprised of two of our independent directors Ean Seeb and Vincent &#8220;Tripp&#8221;
Keber. Mr. Keber is the chairperson of the Compensation Committee. The functions of the Compensation Committee include the approval
of the compensation offered to our executive officers and recommendation to the full Board of the compensation to be offered to
our non-employee directors. While the Company is not listed on the NASDAQ Stock Market, our Board has determined that each member
of the Compensation Committee is independent is accordance with the listing standards of the NASDAQ Stock Market, and the applicable
rules of regulations of the SEC, including the additional requirements that apply to members of the Compensation Committee. In
addition, the Compensation Committee evaluates the independence of each compensation consultant, outside counsel and advisor retained
by or providing advice to the Compensation Committee. In addition, the members of the Compensation Committee each qualify as &#8220;non-employee
directors&#8221; for purposes of Rule 16b-3 under the Exchange Act and as &#8220;outside directors&#8221; for purposes of Section
162(m) of the Internal Revenue Code of 1986, as amended. The Compensation Committee is governed by a written charter approved
by our Board, a copy of which is available on our website at https://massroots.com/investors.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>Nominating
and Corporate Governance Committee. </I>The Nominating and Corporate Governance Committee is comprised of three of our independent
directors, Ean Seeb, Terence Fitch, and Vincent &#8220;Tripp&#8221; Keber. Mr. Seeb is the chairperson of the Nominating and Corporate
Governance Committee. The functions of the Nominating and Corporate Governance Committee include the identification, recruitment
and nomination of candidates for our Board and its committees, making recommendations to our Board concerning the structure, composition
and functioning of our Board and its committees (including the reporting channels through which our Board receives information
and the quality and timeliness of the information), developing and recommending to our Board corporate governance guidelines applicable
to our Company and annually reviewing and recommending changes (as necessary or appropriate), overseeing the annual evaluation
of our Board&#8217;s effectiveness and performance, and periodically conducting an individual evaluation of each director. While
the Company is not listed on the NASDAQ Stock Market, our Board has determined that each member of the Nominating and Corporate
Governance Committee is an &#8220;independent director&#8221; under the listing standards of the NASDAQ Stock Market and the applicable
rules and regulations of the SEC. The Nominating and Corporate Governance Committee is governed by a written charter approved
by our Board, a copy of which is available on our website at https://massroots.com/investors.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>Nominations of Directors</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Until December
9, 2015, we did not have a standing nominating committee or a committee performing similar functions. Accordingly, until December
9, 2015, the Board of Directors served as our nominating committee.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The Board and
the Nominating and Corporate Governance Committee have not promulgated any minimum qualifications that nominees must meet in order
to be considered. In identifying individuals qualified to become members of our Board, our Nominating and Corporate Governance
Committee will take into account all factors it considers appropriate, which may include experience, accomplishments, education,
understanding of the business and the industry in which we operate, specific skills, general business acumen and the highest personal
and professional integrity. Generally, our Board will first consider the current members of the Board of Directors because they
meet the criteria listed above and possess an in-depth knowledge of the Company and our history, strengths, weaknesses, goals
and objectives. Each of the current directors has specific experience and qualifications that led to the conclusion that such
director should serve as a director on our Board. Due to the limited size of our Board, we do not have a diversity policy.</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">We believe that
our directors should possess the highest personal and professional ethics, integrity and values and be committed to representing
the long-term interests of the shareholders. They must also have an inquisitive and objective perspective, practical wisdom and
mature judgment.</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Our Amended
and Restated By-Laws contains Article II, Section 5, which governs the submission of shareholder proposals:</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Under
our By-Laws, for director nominations or other shareholder proposals to be considered properly brought before the meeting by a
shareholder, such shareholder must have given timely notice and in proper form of his intent to bring such business
before such </FONT>meeting. To be timely, such shareholder&#8217;s written notice must be delivered to or mailed and received
by the secretary of the Company not less than 90 calendar days nor more than 120 calendar days before the first anniversary
of the date on which the Company held its annual meeting in the immediately preceding year (which was April 26, 2016);
provided, however, that in the case of an annual meeting of shareholders that is called for a date that is not within 30
calendar days before or after the first anniversary date of the annual meeting of shareholders in the immediately preceding
year, any such written proposal of nomination must be received by the Board of Directors not less than 10 calendar days after
the date the Company shall have mailed notice to its shareholders of the date that the annual meeting of shareholders will be
held or the date the Company issued a press release or otherwise publicly disseminated notice that an annual meeting of
shareholders will be held and the date of the meeting. To be in proper form, a shareholder&#8217;s notice to the secretary
must set forth:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">i.</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the name
and address of the shareholder who intends to make the nominations, propose the business, and, as the case may be, the name, age,
address and principal occupation or employment of the person or persons to be nominated for the last five years or the nature
of the business to be proposed;</FONT></TD>
</TR></TABLE>






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

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



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ii.</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a representation
that the shareholder is a holder of record of stock of the Corporation entitled to vote at such meeting, the number of shares
of capital stock of the Corporation beneficially owned within the meaning of the SEC Rule 13d-3 and, if applicable, intends to
appear in person or by proxy at the meeting to nominate the person or persons specified in the notice or introduced the business
specified in the notice;</FONT></TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">iii.</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">if applicable,
a description of all arrangements or understandings between the shareholder and each nominee and any other person or persons (naming
such person or persons) pursuant to which the nomination or nominations are to be made by the shareholder;</FONT></TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">iv.</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">such other
information regarding each nominee or each matter of business to be proposed by such shareholder as would be required to be included
in a proxy statement filed pursuant to the proxy rules of the SEC had the nominee been nominated, or intended to be nominated,
or the matter been proposed, or intended to be proposed by the Board; and</FONT></TD>
</TR></TABLE>



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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">v.</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">if applicable,
the consent of each nominee to serve as director of the Company if so elected.</FONT></TD>
</TR></TABLE>



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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The chairman
of the Board may refuse to acknowledge the omination of any person or the proposal of any business not made in compliance with
the above procedure.</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">During the previous fiscal year, our Board of Directors has conducted all business pursuant to unanimous written
consent. Our Audit Committee, Compensation Committee, and Nomination and Corporate Governance Committee were created by our Board
on December 9, 2015 and have not yet held any meetings as of December 31, 2015. Because we have not previously held an annual shareholders&rsquo;
meeting and completed all actions through written consent of our shareholders, our Board has not adopted a formal policy with regard
to director attendance at annual meetings of shareholders.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>COMPENSATION
OF THE DIRECTORS AND EXECUTIVE OFFICERS</B></FONT></P>

<P STYLE="font: 10pt Times New (W1),serif; margin: 9pt 0 0"><FONT STYLE="font-size: 10pt"><B>Named Executive Officers</B></FONT></P>

<P STYLE="font: 10pt Times New (W1),serif; margin: 4.5pt 0 0"><FONT STYLE="font-size: 10pt">Our &#8220;named executive officers&#8221;
for the 2015 fiscal year consisted of the following individuals:</FONT></P>

<P STYLE="font: 4.5pt Times New (W1),serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Isaac
                                         Dietrich, our President and Chief Executive Officer</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Dan
                                         Hunt, our Chief Operations Officer</FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New (W1),serif; margin: 0 0 6pt; text-align: justify"><FONT STYLE="font-size: 10pt">No other executive
officers earned over $100,000 during the 2015  fiscal year.</FONT></P>

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

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<P STYLE="font: 10pt Times New (W1),serif; margin: 0 0 6pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Summary Compensation
Table</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><FONT STYLE="font-size: 10pt">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 (the &#8220;named executive officers&#8221; listed above) at the end of our last fiscal year for all services
rendered in all capacities to us during the years during which they served as executive officers. Where a named executive officer
is also a director, all compensation relates to such individual&#8217;s position as an officer.</FONT></P>

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

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 12%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Name
    &amp; </B><BR>
    <B>Principal </B><BR>
    <B>Position</B></FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 6%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Year</B></FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 6%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Salary
    </B><BR>
    <B>$</B></FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 6%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Bonus</B><BR>
    <B>$</B></FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 14%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Stock
    </B><BR>
    <B>Awards (1)</B><BR>
    <B>$ </B></FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 15%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Option</B><BR>
    <B>Awards (1)</B><BR>
    <B>$</B></FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 10%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Non-Equity
    </B><BR>
    <B>Incentive Plan </B><BR>
    <B>Compensation</B><BR>
    <B>$</B></FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 10%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>All
    Other </B><BR>
    <B>Compensation</B><BR>
    <B>$</B></FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 11%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Total</B><BR>
    <B>$</B></FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="background-color: #DAEEF3; text-align: center"><FONT STYLE="font-size: 10pt">Isaac Dietrich<BR>
    Chief Executive Officer and President, </FONT></TD>
    <TD STYLE="background-color: #DAEEF3"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: #DAEEF3"><P STYLE="font: 8pt Times New (W1),serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">2015</FONT></P>
        <P STYLE="font: 8pt Times New (W1),serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">2014</FONT></P></TD>
    <TD STYLE="background-color: #DAEEF3; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: #DAEEF3"><P STYLE="font: 8pt Times New (W1),serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">81,220</FONT></P>
        <P STYLE="font: 8pt Times New (W1),serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">53,000</FONT></P></TD>
    <TD STYLE="background-color: #DAEEF3; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: #DAEEF3"><P STYLE="font: 8pt Times New (W1),serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">-</FONT></P>
        <P STYLE="font: 8pt Times New (W1),serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">-</FONT></P></TD>
    <TD STYLE="background-color: #DAEEF3; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: #DAEEF3"><P STYLE="font: 8pt Times New (W1),serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">-</FONT></P>
        <P STYLE="font: 8pt Times New (W1),serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">-</FONT></P></TD>
    <TD STYLE="background-color: #DAEEF3; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: #DAEEF3"><P STYLE="font: 8pt Times New (W1),serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">-</FONT></P>
        <P STYLE="font: 8pt Times New (W1),serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">-</FONT></P></TD>
    <TD STYLE="background-color: #DAEEF3; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: #DAEEF3"><P STYLE="font: 8pt Times New (W1),serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">-</FONT></P>
        <P STYLE="font: 8pt Times New (W1),serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">-</FONT></P></TD>
    <TD STYLE="background-color: #DAEEF3; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: #DAEEF3; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: #DAEEF3"><P STYLE="font: 8pt Times New (W1),serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">-</FONT></P>
        <P STYLE="font: 8pt Times New (W1),serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">-</FONT></P></TD>
    <TD STYLE="background-color: #DAEEF3; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: #DAEEF3"><P STYLE="font: 8pt Times New (W1),serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">81,220</FONT></P>
        <P STYLE="font: 8pt Times New (W1),serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">53,000</FONT></P></TD>
    <TD STYLE="vertical-align: top; background-color: #CCFFCC"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="background-color: #DAEEF3"><P STYLE="font: 8pt Times New (W1),serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">Daniel
                                         Hunt</FONT></P>
        <P STYLE="font: 8pt Times New (W1),serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">Chief Operating
        Officer</FONT></P></TD>
    <TD STYLE="background-color: #DAEEF3"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: #DAEEF3; text-align: center"><FONT STYLE="font-size: 10pt">2015</FONT></TD>
    <TD STYLE="background-color: #DAEEF3; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: #DAEEF3; text-align: center"><FONT STYLE="font-size: 10pt">67,500</FONT></TD>
    <TD STYLE="background-color: #DAEEF3; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: #DAEEF3; text-align: center"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="background-color: #DAEEF3; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: #DAEEF3; text-align: center"><FONT STYLE="font-size: 10pt">25,000 (2)(4)</FONT></TD>
    <TD STYLE="background-color: #DAEEF3; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: #DAEEF3; text-align: center"><FONT STYLE="font-size: 10pt">245,951 (2)(3)</FONT></TD>
    <TD STYLE="background-color: #DAEEF3; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: #DAEEF3; text-align: center"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="background-color: #DAEEF3; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: #DAEEF3; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: #DAEEF3; text-align: center"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="background-color: #DAEEF3; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: #DAEEF3; text-align: center"><FONT STYLE="font-size: 10pt">338,451</FONT></TD>
    <TD STYLE="vertical-align: top; background-color: #CCFFCC"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 8pt Times New (W1),serif; margin: 0 0 6pt; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(<FONT STYLE="font-family: Times New Roman, Times, Serif">1)</FONT></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif">These
                                         amounts are the aggregate fair value of the equity compensation incurred by the Company
                                         for payments to executives during the fiscal year. The aggregate fair value is computed
                                         in accordance with FASB ASC Topic 718. The fair market value was calculated using the
                                         Black-Scholes options pricing model. Assumptions underlying the valuation of each specific
                                         award are included in Note 8 of our Financial Statements included in our Annual Report
                                         on Form 10-K filed on March 30, 2015 and included herein.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif">On
                                         January 1, 2015, the Company approved the issuance to Daniel Hunt of 50,000 shares of
                                         its common stock and 100,000 options to purchase shares of common stock at $0.50 per
                                         share pursuant to the 2014 Plan (defined below), which would vest over the period of
                                         one year on a monthly basis. As of December 31, 2015, all such options had vested. The
                                         fair market value of the options was determined to be $45,953 as calculated assuming
                                         approximately 2.17% risk-free interest, 0% dividend yield, 1.50% volatility, and expected
                                         term of 5.25 years. The fair market value of the stock awards was determined to be $25,000
                                         (or $0.50 per share) on grant date pursuant to our 2014 Plan, tied to the price of our
                                         then ongoing private placement offering. The Company incurred compensation expense of
                                         $25,000 during the fiscal year 2015 related to the amortization of such stock awards
                                         and $45,953 related to the amortization of such options received during the year by Mr.
                                         Hunt.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif">On
                                         December 14, 2015, the Board approved a grant of 800,000 unvested options to purchase
                                         shares of common stock at $1.00 per share to Mr. Hunt pursuant to the 2015 Plan (defined
                                         below), which vest as follows: upon the Company reaching 1,000,000 registered users,
                                         200,000 options shall vest; upon the Company reaching 2,500,000 registered users, 200,000
                                         options shall vest; upon the Company reaching $1,000,000 in cumulative revenue, 200,000
                                         options shall vest; and, upon the Company reaching $2,500,000 in cumulative revenue,
                                         200,000 options shall vest. As of December 31, 2015, no options had vested. The fair
                                         market value of the 200,000 options that vest upon the Company reaching 1,000,000 register
                                         users was calculated to be $199,998, assuming approximately 2.23% risk-free interest,
                                         0% dividend yield, 280% volatility, and expected term of 5.25 years. The value of the
                                         other 600,000 options was not determinable as the probability of achieving those targets
                                         is not currently estimable. The Company incurred compensation expense of $20,118 during
                                         the fiscal year 2015 related to the amortization of such options received during the
                                         year by Mr. Hunt.</FONT></TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(4)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif">On
                                         December 14, 2015, the Company&#8217;s Board approved the grant of 200,000 unvested restricted
                                         shares to Mr. Hunt. However, pursuant to the 2015 Plan (defined below), the grant would
                                         not occur until shareholder approval of the 2015 Plan became effective, which occurred
                                         in January 2016 (as described further in the section below entitled &#8220;2014 and 2015
                                         Equity Incentive Plans&#8220;). As such, this grant will be included as compensation
                                         for Mr. Hunt in fiscal year 2016.</FONT></TD></TR></TABLE>

<P STYLE="font: 8pt Times New (W1),serif; margin: 3pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New (W1),serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>Outstanding Equity Awards at December 31,
2015 Fiscal Year End</B></FONT></P>

<P STYLE="font: 8pt Times New (W1),serif; margin: 3pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New (W1),serif; margin: 3pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">The following table
sets forth the equity awards to our named executive officers outstanding at December 31, 2015.</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="5" STYLE="vertical-align: top; background-color: #F2F2F2; padding-top: 3pt; padding-right: -0.3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Option
    Awards</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 12%; border-bottom: Black 1pt solid; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt"><B>Name</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 20%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding: 0.75pt"><P STYLE="font: 8pt Times New (W1),serif; margin: 3pt 2.55pt 3pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Number
                                         of securities underlying unexercised options</B></FONT></P>
        <P STYLE="font: 8pt Times New (W1),serif; margin: 3pt 2.55pt 3pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Exercisable</B></FONT></P></TD>
    <TD STYLE="vertical-align: bottom; width: 17%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding: 0.75pt"><P STYLE="font: 8pt Times New (W1),serif; margin: 3pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Number
                                         of securities underlying unexercised</B><BR>
                                         <B>options</B></FONT></P>
        <P STYLE="font: 8pt Times New (W1),serif; margin: 3pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Unexercisable</B></FONT></P></TD>
    <TD STYLE="vertical-align: top; width: 17%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 3pt; padding-right: -0.3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Equity
    Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned </B><BR>
    <B>Options</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 17%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding: 0.75pt"><P STYLE="font: 8pt Times New (W1),serif; margin: 3pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Option</B><BR>
                                         <B>exercise</B></FONT></P>
        <P STYLE="font: 8pt Times New (W1),serif; margin: 3pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>price</B></FONT></P></TD>
    <TD STYLE="vertical-align: bottom; width: 17%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 3pt; padding-right: -0.3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Option
    </B><BR>
    <B>expiration date</B></FONT></TD></TR>
<TR STYLE="background-color: #DAEEF3">
    <TD ROWSPAN="2" STYLE="padding: 0.75pt; text-align: center"><FONT STYLE="font-size: 10pt">Daniel Hunt</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-right: -0.3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-size: 10pt">100,000</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-right: -0.3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-right: -0.3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-right: -0.3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-size: 10pt">$0.50</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-right: -0.3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-size: 10pt">1/1/2025</FONT></TD></TR>
<TR STYLE="background-color: #DAEEF3">
    <TD STYLE="padding-top: 3pt; padding-right: -0.3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-right: -0.3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-right: -0.3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-size: 10pt">800,000
    (1)</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-right: -0.3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-size: 10pt">$1.00</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-right: -0.3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-size: 10pt">12/14/2025</FONT></TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(1)</FONT></TD><TD><FONT STYLE="font-size: 9pt">The 800,000 unvested options
                                         were awarded pursuant to the 2015 Plan (defined below), which vest as follows: upon the
                                         Company reaching 1,000,000 registered users, 200,000 options shall vest; upon the Company
                                         reaching 2,500,000 registered users, 200,000 options shall vest; upon the Company reaching
                                         $1,000,000 in cumulative revenue, 200,000 options shall vest; and, upon the Company reaching
                                         $2,500,000 in cumulative revenue, 200,000 options shall vest.</FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>Narrative Disclosure to Summary
Compensation and Option Tables</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Isaac
Dietrich provides services to us as our Chief Executive Officer pursuant to an &#8220;at-will&#8221; agreement (with
one month notice to be given prior to termination) that provides that Mr. Dietrich would be paid an amount determined by
the Company in accordance with the Company&#8217;s normal payroll procedures. From October 1, 2013 to March 31, 2014,
Mr. Dietrich was paid a salary of $3,500 per month. From April 1, 2014 to March 31, 2015, Mr. Dietrich was paid a salary
of $5,000 per month. From April 1, 2015 until March 29, 2016, Mr. Dietrich was paid a salary of $6,500 per month. Mr. Dietrich
did not receive any compensation related to his position as a director.</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Dan Hunt provides
services to us as our Chief Operating Officer pursuant to an &#8220;at-will&#8221; agreement that became effective July 19, 2015.
Pursuant to this agreement, Mr. Hunt receives a salary of $78,000 per year and may be terminated by either party with or without
cause with one (1) month&#8217;s written notice. From January 1, 2015 until July 17, 2015, Mr. Hunt served as an at-will employee
with a salary of 3,500 per month.&nbsp;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">In addition,
on January 1, 2015, the Company approved the issuance to Mr. Hunt of 50,000 shares of its Common Stock and 100,000 options to
purchase shares of Common Stock at $0.50 per share pursuant to the 2014 Plan (defined below), which would vest over the period
of one year on a monthly basis. The fair market value was calculated using the Black-Scholes options pricing model, assuming approximately
2.17% risk-free interest, 0% dividend yield, 1.50% volatility, and expected term of 5.25 years.&nbsp;</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">On December
14, 2015, the Board approved a grant of 800,000 unvested options to purchase shares of Common Stock at $1.00 per share to Mr.
Hunt pursuant to the 2015 Plan (defined below), which vest as follows: upon the Company reaching 1,000,000 registered users, 200,000
options shall vest; upon the Company reaching 2,500,000 registered users, 200,000 options shall vest; upon the Company reaching
$1,000,000 in cumulative revenue, 200,000 options shall vest; and, upon the Company reaching $2,500,000 in cumulative revenue,
200,000 options shall vest. The fair market value was calculated using the Black-Scholes options pricing model. Under this model,
the fair market value of the 200,000 options that vest upon the Company reaching 1,000,000 register users was calculated assuming
approximately 2.23% risk-free interest, 0% dividend yield, 280% volatility, and expected term of 5.25 years. No cost is recognized
in 2015 for the other 600,000 options as the probability of achieving those targets is not currently estimable. As of December
31, 2015, no options had vested.&nbsp;</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">On that same
date, the Company&#8217;s Board approved the grant of 200,000 unvested restricted shares to Mr. Hunt. However, pursuant to the
2015 Plan (defined below), the grant would not occur until shareholder approval of the 2015 Plan became effective, which occurred
in January 2016 (as described further in the section below entitled &#8220;2014 and 2015 Equity Incentive Plans&#8220;). As such,
this grant will be included as compensation for Mr. Hunt in fiscal year 2016.&nbsp;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">In
December 2015, Mr. Dietrich and Mr. Hunt (as part of a program offered to all employees of the Company) started receiving
health, vision and dental insurance. No retirement plan, life insurance or employee benefits program has been awarded to Mr.
Dietrich and he serves at the direction of the Board of Directors.&nbsp;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">On March 29,
2016, the Board of Directors, upon the recommendation of the Company&#8217;s Compensation Committee, approved increases in the
salary of Mr. Dietrich and Mr. Hunt, such that each would receive $10,833 per month for their services in their respective positions.</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">At no time during the
periods listed in the above tables, with respect to any named executive officers, was there:</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">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);</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">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;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">any
                                         non-equity incentive plan award made to a named executive officer;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">any
                                         nonqualified deferred compensation plans including nonqualified defined contribution
                                         plans; or</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">any
                                         payment for any item to be included under All Other Compensation (column (i)) in the
                                         Summary Compensation Table.</FONT></TD></TR></TABLE>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Our interested, employee
directors do not receive any additional compensation for their service as directors.<I>&nbsp;</I></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The following
table shows for the fiscal year ended December 31, 2015, certain information with respect to the compensation of all non-employee
directors of the Company:</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD STYLE="padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 36px; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 23px; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 78px; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 1.45pt"><P STYLE="font: 9pt Times New (W1),serif; margin: 0; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Name</B></FONT></P></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.45pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Fees&nbsp;Earned&nbsp;or</B><BR>
    <B>Paid in Cash</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.45pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Stock</B><BR>
    <B>Awards&nbsp;(1)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.45pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Option</B><BR>
    <B>Awards&nbsp;(1)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.45pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Total&nbsp;</B></FONT></TD></TR>
<TR STYLE="background-color: #DAEEF3">
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; padding-left: 12pt; text-indent: -12pt"><FONT STYLE="font-size: 10pt">Ean
    Seeb</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">(2)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; text-align: right"><FONT STYLE="font-size: 10pt">0</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 1.45pt; text-align: right"><FONT STYLE="font-size: 10pt">0</FONT></TD>
    <TD STYLE="padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">(3)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; text-align: right"><FONT STYLE="font-size: 10pt">0</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">(3)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; text-align: right"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; text-align: right"><FONT STYLE="font-size: 10pt">0</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; padding-left: 12pt; text-indent: -12pt"><FONT STYLE="font-size: 10pt">Tripp
    Keber</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">(2)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; text-align: right"><FONT STYLE="font-size: 10pt">0</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; text-align: right"><FONT STYLE="font-size: 10pt">0</FONT></TD>
    <TD STYLE="padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">(3)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; text-align: right"><FONT STYLE="font-size: 10pt">0</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">(3)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; text-align: right"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; text-align: right"><FONT STYLE="font-size: 10pt">0</FONT></TD></TR>
<TR STYLE="background-color: #DAEEF3">
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; padding-left: 12pt; text-indent: -12pt"><FONT STYLE="font-size: 10pt">Terence
    Fitch</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; text-align: right"><FONT STYLE="font-size: 10pt">0</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; text-align: right"><FONT STYLE="font-size: 10pt">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; text-align: right"><FONT STYLE="font-size: 10pt">90,876</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 1.45pt"><FONT STYLE="font-size: 10pt">(4)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; text-align: right"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; text-align: right"><FONT STYLE="font-size: 10pt">90,876</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right"><FONT STYLE="font-size: 10pt">(1)</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 9pt">These amounts are the aggregate fair value of the equity
compensation granted to our directors during the fiscal year. The fair value is computed in accordance with FASB ASC Topic 718.
The fair market value was calculated using the Black-Scholes options pricing model. Assumptions underlying the valuation of each
specific award are included in Note 8 of our Financial Statements included elsewhere in this prospectus.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right"><FONT STYLE="font-size: 10pt">(2)</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 9pt">Messrs. Seeb and Keber joined the Company&#8217;s Board
of Directors on June 4, 2014 and March 31, 2014, respectively.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"></FONT></P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right"><FONT STYLE="font-size: 10pt">(3)</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 9pt">As discussed below, Ean Seeb and Tripp Keber received
stock awards and options on June 4, 2014 intended to compensate them for approximately three years of service on the Company&#8217;s
Board. The Company did not grant any additional awards in 2015 to Mr. Seeb or Mr. Keber, but did incur compensation cost of $8,333
and $16,605 related to the amortization of the stock awards and options issued on June 6, 2014.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right"><FONT STYLE="font-size: 10pt">(4)</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 9pt">The Company incurred compensation expense of $7,573
during the fiscal year 2015 related to the amortization of options received during the year by Mr. Fitch.</FONT></TD>
</TR></TABLE>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">On December
9, 2015, in exchange for his service as a Director, the Board approved the issuance to Mr. Terence Fitch, pursuant to the 2015
Equity Incentive Plan, unvested options to purchase up to 100,000 shares of the Company&#8217;s Common Stock at an exercise
price of $0.90 per share that will expire ten years from date of issuance and vest monthly over the period of one year, beginning
January 1, 2016. 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. The fair market value of the options was calculated
using the Black-Scholes options pricing model, assuming approximately 2.23% risk-free interest, 0% dividend yield, 280% volatility,
and expected term of 5.25 years.&nbsp;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">On that same
date, the Company&#8217;s Board approved the grant of 100,000 shares to Mr. Fitch. However, pursuant to the 2015 Plan (defined
below), the grant would not occur until shareholder approval of the 2015 Plan became effective, which occurred in January 2016
(as described further in the section below entitled &#8220;2014 and 2015 Equity Incentive Plans&#8220;). As such, this grant will
be included as compensation for Mr. Fitch in fiscal year 2016.&nbsp;</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">On June 6, 2014,
each of Ean Seeb and Vincent &#8220;Tripp&#8221; Keber received the following pursuant to our 2014 Equity Incentive Plan for
their service as a director: (i) a stock award of 250,000 shares of our Common Stock and (ii) options to purchase up to 750,000
shares of our Common Stock at $0.10 per share which vest as follows:</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">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;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">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)) and (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</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Beginning
                                         on the later of (i) the date that Company attains 1,080,000 Users and (ii) October 1,
                                         2016, 250,000 options shall vest immediately.</FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
options may not be exercised until all outstanding debentures issued by the Company in March 2014 are redeemed. 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. As of December 31, 2015, 250,000 options held by each of Messrs. Seeb and Keber had
vested and were available for exercise. No additional grants were made to Messrs. Keber and Seeb during 2015. 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.&nbsp;</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Indemnification of Officers and
Directors</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">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&#8217; 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.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">We do not currently
maintain directors&#8217; and officers&#8217; liability insurance but we may do so in the future.</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>2014 and 2015
Equity Incentive Plans</B></FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>2014
and 2015 Equity Incentive Plans. </I>In June&nbsp;2014, our shareholders approved our 2014 Equity Incentive Plan (&#8220;2014
Plan&#8221;) and in December 2015, our shareholders approved our 2015 Equity Incentive Plan (&#8220;2015 Plan&#8221;, and collectively,
the &#8220;Plans&#8221;), such approval becoming effective in January 2016. The Plans are identical, except for the number of
shares of Common Stock reserved for issuance under each.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The Plans
provide for the grant of incentive stock options to our 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 Plans also provide that the grant of performance stock awards may be paid out in cash as determined
by the Committee (as defined herein).</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The following
table and information below sets forth information as of December 31, 2015 on our Plans:</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Plan category</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Number
    of securities to be issued upon exercise of outstanding options, warrants and rights</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Weighted-average
    exercise price of outstanding options, warrants and rights</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Number of securities
    remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a))</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">(a)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">(b)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">(c)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Equity compensation plans approved by
    security holders:</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="width: 22%; padding-right: 5.4pt; padding-left: 9pt"><FONT STYLE="font-size: 10pt">2014 Equity Incentive Plan</FONT></TD>
    <TD STYLE="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">2,900,000</FONT></TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 14%; padding-right: 4.05pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">$0.263</FONT></TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 37%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">0</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 9pt"><FONT STYLE="font-size: 10pt">2015 Equity Incentive Plan</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">2,755,000*</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 4.05pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">$0.929</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">1,745,000*</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Equity compensation plans not approved
    by security holders</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&#8212;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 4.05pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&#8212;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&#8212;</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp; Total</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 4.05pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">1,745,000*</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 9pt">*In December
2015, the grant of 540,000 shares of our common stock and 2,755,000 options to purchase shares of our common stock were authorized
by the Company under the 2015 Plan. These grants occurred after the Board and shareholders approved the 2015 Plan, but before
the shareholder approval was deemed to have become effective under Delaware law (which occurred in January 2016). Under the terms
of the 2015 Plan, no shares of common stock may be issued and no options may be exercised until shareholder approval of the 2015
Plan occurs. As such approval had been obtained but was not yet effective as of December 31, 2015, the grant and issuance of the
540,000 shares of our common stock under the 2015 Plan did not occur until January 2016 and are still listed as available for
issuance in column &#8220;(c)&#8221; above.</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I><U>Summary
of the Plans</U></I></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>Authorized
Shares.</I>&nbsp;&nbsp;&nbsp;&nbsp;A total of 4,000,000 shares of our Common Stock are reserved for issuance pursuant to the 2014
Plan. A total of 4,500,000 shares of our Common Stock are reserved for issuance pursuant to the 2015 Plan. Shares issued under
our Plans may be authorized but unissued or reacquired shares of our Common Stock. Shares subject to stock awards granted under
our Plans 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 Plans. Additionally, shares issued pursuant to stock awards under
our Plans 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 Plans.</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>Administration.</I>&nbsp;&nbsp;&nbsp;&nbsp;Our
Board of Directors, or a duly authorized committee thereof (collectively, the &#8220;Committee&#8221;), has the authority to administer
our Plans. 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 authority
that the Committee would have.</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Subject
to the terms of our Plans, 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
the Plans. The Committee has the power to modify outstanding awards under the Plans, subject to the terms of the Plans and applicable
law. Subject to the terms of our Plans, 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.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>Stock
Options. </I>Stock options may be granted under the Plans. The exercise price of options granted under our Plans 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 Plans, the Committee
determines the other terms of options.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>Performance
Shares</I>. Performance shares may be granted under our Plans. 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.</FONT></P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>Other
Share-Based Awards and Cash Awards. </I>The Committee may make other forms of equity-based awards under our Plans, including,
for example, deferred shares, stock bonus awards and dividend equivalent awards. In addition, our Plans authorize us to make annual
and other cash incentive awards based on achieving performance goals that are pre-established by our Compensation Committee.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><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 Plans, unless provisions
are made in connection with such transaction for the continuance of the Plans 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.</FONT></P>

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

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

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;&nbsp;<FONT STYLE="text-transform: uppercase">ACTION
One</FONT></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>REVERSE
STOCK SPLIT OF THE COMPANY&#8217;S OUTSTANDING COMMON STOCK</U></B></FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt; font-weight: normal">Our
Board of Directors and our shareholders holding a majority of our issued and outstanding Common Stock approved an amendment to
our Amended and Restated Certificate of Incorporation (&#8220;RS Amendment&#8221;) to effect a reverse stock split which combines
the outstanding shares of our Common Stock into a lesser number of outstanding shares. Our Board of Directors will have the sole
discretion to effect the amendment and reverse stock split at any time and to fix the specific ratio for the combination, provided
that the ratio would be not less than 1-for-1.1 and not more than 1-for-8 (the &#8220;Reverse Stock Split&#8221;). Our Board will
also have discretion to abandon the amendment prior to its effectiveness. Our Board is hereby providing you with information regarding
the Reverse Stock Split as approved by our shareholders.</FONT></P>

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

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

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Reverse Stock Split was approved by
the Board to allow the Company to meet minimum Nasdaq requirements for listing (such as a minimum stock price of $3.00), and the
Board and our majority shareholders have determined that it is in the best interests of our shareholders in general to provide
our board with the flexibility to effect the Reverse Stock Split if needed in a ratio of 1-for-1.1 to 1-for-8. The respective relative
voting rights and other rights that accompany the Common Stock will not be altered by the Reverse Stock Split, and the Common Stock
will continue to have a par value of $0.001 per share. Consummation of the Reverse Stock Split will not alter the number of our
authorized shares of Common Stock, which will remain at 200,000,000. The relative voting and other rights that accompany the shares
of Common Stock would not be affected by the Reverse Split. The table below sets forth the number of shares of our Common Stock
outstanding before and after the Reverse Split based on 48,486,585 shares of Common Stock outstanding as of the Record Date.</P>



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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>As of Record
    Date</B></FONT></TD>
    <TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Assuming a 1-for-1.1
    </B><BR>
    <B>Reverse Split</B></FONT></TD>
    <TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1.5pt solid"><P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Assuming
                                         a 1-for-8</B></FONT></P>
        <P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Reverse
        Split</B></FONT></P></TD></TR>
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Aggregate Number of Shares of Common Stock*</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">48,486,585</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">44,078,714</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">6,060,823</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 70px; padding-bottom: 6pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</FONT></TD>
    <TD STYLE="width: 10px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif">The
    numbers in the table above do not reflect the possible exercise of outstanding options, warrants and convertible debt or debentures
    which will be proportionately adjusted to give effect to the completion of the Reverse Stock Split, nor any additional shares
    that may be issued due to rounding, which is not expected to be a material amount.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Reasons
for the Reverse Stock Split</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The Board
of Director&#8217;s primary objective in proposing the Reverse Stock Split is to enable the Board, if necessary or if the Board
otherwise desires, to raise the per share trading price of our Common Stock, which is currently trading only on the OTCQB, to
allow for a listing of our Common Stock on The NASDAQ Capital Market. Upon receiving shareholder approval, the Board may, at its
own discretion, file the RS Amendment with the Secretary of State of the State of Delaware.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Our Board
has determined that by increasing the market price per share of our Common Stock, we would meet the stock price element of the
initial listing requirements of The NASDAQ Capital Market and our Common Stock could be initially listed on The NASDAQ Capital
Market if we meet the other listing and corporate governance requirements of The NASDAQ Capital Market. Our Board concluded that
the liquidity and marketability of our Common Stock may be adversely affected if it is not quoted on a national securities exchange
as investors can find it more difficult to dispose of, or to obtain accurate quotations as to the market value of, our Common
Stock. Our Board believes that current and prospective investors and the brokerage community may view an investment in our Common
Stock more favorably if our Common Stock is quoted on The NASDAQ Capital Market.</FONT></P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Our Board
also has confidence that the Reverse Stock Split and any resulting increase in the per share price of our Common Stock should
enhance the acceptability and marketability of our Common Stock to the financial community and investing public. Many
institutional investors have policies prohibiting them from holding lower-priced stocks in their portfolios, which reduces
the number of potential buyers of our Common Stock, although we have not been told by them that is the reason for not
investing in our Common Stock. Additionally, analysts at many brokerage firms are reluctant to recommend lower-priced stocks
to their clients or monitor the </FONT>activity of lower-priced stocks. Brokerage houses frequently have internal practices
and policies that discourage individual brokers from dealing in lower-priced stocks. Further, because brokers&#8217;
commissions on lower-priced stocks generally represent a higher percentage of the stock price than commissions on higher
priced stocks, investors in lower-priced stocks pay transaction costs which are a higher percentage of their total share
value, which may limit the willingness of individual investors and institutions to purchase our Common Stock.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">We cannot
assure you that the Board will ultimately determine to effect the Reverse Stock Split or if effected, that the Reverse Stock Split
will have any of the desired effects described above. More specifically, we cannot assure you that after the Reverse Stock Split
the market price of our Common Stock will increase proportionately to reflect the ratio for the Reverse Stock Split, that the
market price of our Common Stock will not decrease to its pre-split level, that our market capitalization will be equal to the
market capitalization before the Reverse Stock Split, or that we will be initially listed on The NASDAQ Capital Market, or once
initially listed, that we will be able to maintain such listing.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Requirements
for Listing on Exchanges</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">In order
to initially list our Common Stock on The NASDAQ Capital Market, among other requirements which have or will all
be satisfied, our Common Stock must maintain a minimum closing price of at least $3.00 per share. Our Board has considered the
potential advantages to us if our Common Stock is listed on The NASDAQ Capital Market and has concluded that even though the
desired effects cannot be assured, it is in the best interests of our Company and our shareholders to effect the Reverse
Stock Split to help attain a $4.00 bid or $3.00 closing price and ensure compliance with the listing requirements of The
NASDAQ Capital Market.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Potential
Disadvantages of the Reverse Stock Split</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">As
noted above, the principal purpose of the Reverse Stock Split would be to help increase the per share market price of our
Common Stock by up to a factor of eight. We cannot assure you, however, that the Reverse Stock Split will accomplish this
objective for any meaningful period of time. While we expect that the reduction in the number of outstanding shares of Common
Stock will increase the market price of our Common Stock, we cannot assure you that the Reverse Stock Split will increase the
market price of our Common Stock by an equivalent multiple, or result in any permanent increase in the market price of our
Common Stock. The price of our Common Stock is dependent upon many factors, including our business and financial performance,
general market conditions and prospects for future success. If the per share market price does not increase proportionately
as a result of the Reverse Stock Split, then the value of our Company as measured by our stock capitalization will be
reduced, perhaps significantly.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The number
of shares held by each individual stockholder would be reduced if the Reverse Stock Split is implemented. This will increase the
number of shareholders who hold less than a &#8220;round lot,&#8221; or 100 shares. This has two disadvantages. First, The NASDAQ
Capital Market requires that we have at least 300 round lot shareholders. Second, the transaction costs to shareholders selling
&#8220;odd lots&#8221; are typically higher on a per share basis. Consequently, the Reverse Stock Split could increase the transaction
costs to existing shareholders in the event they wish to sell all or a portion of their position.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Although
our Board believes that the decrease in the number of shares of our Common Stock outstanding as a consequence of the Reverse Stock
Split and the anticipated increase in the market price of our Common Stock could encourage interest in our Common Stock and possibly
promote greater liquidity for our shareholders, such liquidity could also be adversely affected by the reduced number of shares
outstanding after the Reverse Stock Split.</FONT></P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Effecting the Reverse Stock Split</B></FONT></P>

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

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

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Upon receipt of stockholder approval for
the RS Amendment, if our Board concludes that it is in the best interests of our Company and our shareholders to effect the Reverse
Stock Split at a ratio to be determined, the RS Amendment will be filed with the Secretary of State of the State of Delaware. The
actual timing of the filing of the RS Amendment with the Secretary of State of the State of Delaware to effect the Reverse Stock
Split will be determined by our Board. In addition, if for any reason our Board deems it advisable to do so, the Reverse Stock
Split may be abandoned at any time prior to the filing of the Amendment, without further action by our shareholders. The Reverse
Stock Split will be effective as of the date of filing with the Secretary of State of the State of Delaware or at such time and
date as specified in the RS Amendment (the &ldquo;Effective Time&rdquo;), but the Effective Time will be no sooner than 20 days
from the date of mailing of the definitive Information Statement to our shareholders. .</P>



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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Upon
the filing of the RS Amendment, without further action on our part or our shareholders, the outstanding shares of Common
Stock held by shareholders of record as of the Effective Time would be converted into a lesser number of shares of Common
Stock based on a Reverse Stock Split ratio as determined by the Board. For example, if you presently hold 300 shares of our
Common Stock, </FONT>you would hold 60 shares of our Common Stock following the Reverse Stock Split if the ratio is
one-for-five or you would hold 30 shares of our Common Stock if the ratio is one-for-ten.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Effect
on Outstanding Shares, Options and Certain Other Securities</B></FONT></P>

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

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">If the
Reverse Stock Split is implemented, the number of shares our Common Stock owned by each stockholder will be reduced in the same
proportion as the reduction in the total number of shares outstanding, such that the percentage of our Common Stock owned by each
stockholder will remain unchanged except for any de minimus change resulting from rounding up to the nearest number of whole shares
so that we are not obligated to issue cash in lieu of any fractional shares that such stockholder would have received as a result
of the Reverse Stock Split. The number of shares of our Common Stock that may be purchased upon exercise of outstanding options
or other securities convertible into, or exercisable or exchangeable for, shares of our Common Stock, and the exercise or conversion
prices for these securities, will also be ratably adjusted in accordance with their terms as of the Effective Time.</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1.5pt solid; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Prior to the
    Reverse Stock Split</B></FONT></TD>
    <TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Assuming a 1-for-1.1&nbsp;&nbsp;Reverse
    Stock Split</B></FONT></TD>
    <TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Assuming a 1-for-8
    Reverse Stock Split</B></FONT></TD></TR>
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: bottom; width: 67%; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Warrants</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; text-align: right"><FONT STYLE="font-size: 10pt">10,618,278</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; width: 8%"><FONT STYLE="font-size: 10pt">&nbsp;9,652,980</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; text-align: right"><FONT STYLE="font-size: 10pt">1,327,285</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Options</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">6,010,464</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">&nbsp;5,464,058</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">751,308</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: bottom; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Convertible Notes
    and Debentures</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">2,091,000</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">&nbsp;1,900,909</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">261,375</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Effect
on Registration and Stock Trading</B></FONT></P>

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

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

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our Common Stock is currently registered
under Section 12(g) of the Exchange Act and we are subject to the periodic reporting and other requirements of the Exchange Act.
If our Common Stock becomes listed on an national stock exchange such as The NASDAQ Capital Market, we file a short form registration
statement for our Common Stock to be registered under Section 12(b) of the Exchange Act.</P>



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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Fractional Shares; Exchange of
Stock Certificates</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Our Board
does not currently intend to issue fractional shares in connection with the Reverse Stock Split. Therefore, we do not expect to
issue certificates representing fractional shares. In lieu of any fractional shares, we will issue to shareholders of record who
would otherwise hold a fractional share because the number of shares of Common Stock they hold before the Reverse Stock Split
is not evenly divisible by the Reverse Stock Split ratio that number of shares of Common Stock as rounded up to the nearest whole
share. For example, if a stockholder holds 150.25 shares of Common Stock following the Reverse Stock Split, that stockholder will
receive a certificate representing 151 shares of Common Stock. No shareholders will receive cash in lieu of fractional shares.</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">As of the
Record Date, we had 89 holders of record of our Common Stock (although we have significantly more beneficial holders). We do not
expect the Reverse Stock Split and the rounding up of fractional shares to whole shares to result in a reduction in the number
of record holders. We presently do not intend to seek any change in our status as a reporting company for federal securities law
purposes, either before or after the Reverse Stock Split, except to have our Common Stock moved from a registration pursuant to
Section 12(g) to Section 12(b) under the Exchange Act related to our registration on The NASDAQ Capital Market.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">As soon
as is practicable following the Effective Time of the Reverse Stock Split, shareholders will be notified and offered the opportunity
at their own expense to surrender their current certificates to our stock transfer agent in exchange for the issuance of new certificates
reflecting the Reverse Stock Split. Commencing on the effective date of the Reverse Stock Split, each certificate representing
pre-Reverse Stock Split shares of common stock will be deemed for all purposes to evidence ownership of post-Reverse Stock Split
shares of common stock, as the case may be.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Common
shareholders who hold shares in street name through a nominee (such as a bank or broker) will be treated in the same manner as
common shareholders whose shares are registered in their names, and nominees will be instructed to effect the Reverse Stock Split
for their beneficial holders. However, nominees may have different procedures and common shareholders holding shares in street
name should contact their nominees. Common shareholders will not have to pay any service charges in connection with the exchange
of their certificates.</FONT></P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">If and
when our Board elects to effect the Reverse Stock Split, the authorized number of shares of our Common Stock will remain at 200,000,000.
Accordingly, there will be no reduction in the number of authorized shares of our Common Stock in proportion to the Reverse Stock
Split ratio. As a result, the proportion of shares owned by our shareholders relative to the number of shares authorized for issuance
will decrease and the additional authorized shares of Common Stock will be available for issuance at such times and for such purposes
as our Board may deem advisable without further action by our shareholders, except as required by applicable laws and regulations.
If our Common Stock are initially listed on The NASDAQ Capital Market, stockholder approval must be obtained, under applicable
NASDAQ rules, prior to the issuance of shares for certain purposes, including the issuance of Common Stock equal to or greater
than 20% of our then outstanding shares of Common Stock in connection with a private refinancing or an acquisition or merger,
unless an exemption is available from such approval. Such an exemption would be available if our audit committee at that time
authorized the filing of a prior written application with NASDAQ to waive the stockholder vote requirement if it believed the
delay associated with securing such vote would seriously jeopardize our financial viability and NASDAQ granted us such an exemption.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">In accordance
with our Certificate of Incorporation and Delaware law, our shareholders do not have any preemptive rights to purchase or subscribe
for any of our unissued or treasury shares.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Anti-Takeover
and Dilutive Effects</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The purpose
of maintaining our authorized Common Stock at 200,000,000 after the Reverse Stock Split is to facilitate our ability to raise
additional capital to support our operations, not to establish any barriers to a change of control or acquisition of our Company.
The shares of Common Stock that are authorized but unissued provide our Board with flexibility to effect, among other transactions,
public or private refinancings, acquisitions, stock dividends, stock splits and/or the granting of equity incentive awards. However,
these authorized but unissued shares may also be used by our Board, consistent with and subject to its fiduciary duties, to deter
future attempts to gain control of us or make such actions more expensive and less desirable. The Reverse Stock Split would give
our Board authority to issue additional shares from time to time without delay or further action by the shareholders except as
may be required by applicable law or the rules of The NASDAQ Capital Market. The Reverse Stock Split is not being recommended
in response to any specific effort of which we are aware to obtain control of us, nor does our Board have any present intent to
use the authorized but unissued Common Stock to impede a takeover attempt. There are no plans or proposals to adopt other provisions
or enter into any arrangements that have material anti-takeover effects.</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">In addition,
the issuance of additional shares of Common Stock for any of the corporate purposes listed above could have a dilutive effect
on earnings per share and the book or market value of our outstanding Common Stock, depending on the circumstances, and would
likely dilute a stockholder&#8217;s percentage voting power in us. Holders of our Common Stock are not entitled to preemptive
rights or other protections against dilution. Our Board intends to take these factors into account before authorizing any new
issuance of shares.</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">There will
be no change in our par value per share of our Common Stock. Accordingly, as of the Effective Time, the stated capital attributable
to Common Stock on our balance sheet will be reduced proportionately based on the Reverse Stock Split ratio (including a retroactive
adjustment of prior periods), and the additional paid-in capital account will be credited with the amount by which the stated
capital is reduced. Reported per share net income or loss will be higher because there will be fewer shares of our Common Stock
outstanding.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Federal
Income Tax Consequences </B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Shareholders
are advised to consult their own tax advisors for detailed information regarding the effects of the Reverse Stock Split on their
individual tax status.</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Text
of Proposed Amendment; Effectiveness</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The text
of the proposed RS Amendment is set forth in <U>Appendix A</U> to this Information Statement. If and when effected by our Board,
the RS Amendment will become effective upon its filing with the Secretary of State of the State of Delaware or at the Effective
Time and Date as specified in said filing. Pursuant to Rule 14c-2 under the Exchange Act, the foregoing Action may not become
effective until a date that is at least 20 days after the date on which this Information Statement has been mailed to the stockholders
of the Company.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Vote Required; Manner of
Approval</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The approval
<FONT STYLE="font-weight: normal">of granting the Board authority to file the RS Amendment to effect the Reverse Stock Split which
combines the outstanding shares of our Common Stock into a lesser number of outstanding shares</FONT> requires the vote of a majority
of the shares present in person or by proxy or, if by written consent, a majority of the shares entitled to vote at a meeting
of shareholders. Section 228 of the Delaware General Corporation Law and Article I, Section 10, of the Company&#8217;s by-laws,
as amended permit any corporate action, upon which a vote of shareholders is required or permitted, to be taken without a meeting,
provided that written consents are received from shareholders having at least the requisite number of shares that would be necessary
to authorize or take such action if a meeting was held at which all shares entitled to vote thereon were present and voted. Accordingly,
this proposal be effected by a written consent executed by shareholders representing at least a majority of our outstanding stock
entitled to vote. Since 60.83% of our outstanding voting stock on the Record Date delivered a written consent on April 26, 2016,
ratifying this appointment, no further vote, approval or consent of shareholders is required to approve or authorize this action.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;ACTION TWO</B></FONT><B><BR>
<BR>
<FONT STYLE="font-size: 10pt"><U>ELECTION OF DIRECTORS</U></FONT></B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Our Majority
Shareholders reelected the five director candidates named below. Our Board of Directors oversees the management of the Company
on your behalf. The Board reviews our long-term strategic plans and exercises direct decision-making authority on key issues,
such as the terms of material agreements. Our Board also appoints our officers, sets the scope of their authority to manage the
Company&#8217;s day-to-day operations and evaluates their performance.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">All nominees
are expected to serve until the next annual meeting of shareholders or until their successors are duly elected and qualified.</FONT></P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 5pt 11pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Isaac
                                         Dietrich</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 5pt 11pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Year
        of Birth: 1992</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; width: 79%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Isaac
    Dietrich is the founder, CEO, and Chairman of the Board of MassRoots, each since our inception.&nbsp;&nbsp;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.&nbsp;&nbsp;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. 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.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 5pt; padding-left: 11pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 5pt; padding-left: 11pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 5pt 11pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Terence
                                         Fitch</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 5pt 11pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Year
        of Birth: 1959</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Terence
    Fitch has served as a Director of the Company since 2015.&nbsp;&nbsp;Mr. Fitch is a seasoned corporate executive with 23 years
    of marketing, sales, finance, manufacturing, supply chain and media experience.&nbsp;&nbsp;Mr. Fitch founded Drink Teck, LLC
    in 2013 and has served as its Chief Executive Officer since that time. Drink Teck LLC is a functional beverage company which
    uses liposome technology to cost-effectively formulate drinks for the consumer health and wellness sector.&nbsp;&nbsp;Prior
    to founding Drink Teck LLC, Mr. Fitch spent 3 years at Coca Cola Refreshments as Senior Vice President and General Manager.&nbsp;&nbsp;Before
    that, 18 years at, Coca-Cola Enterprises, where, from 2004 to 2010, he served as the Senior Vice President and General Manager
    of the Western Region and was responsible for a team of 13,500 sales, strategy, marketing, operations, manufacturing, supply
    chain and analytical professionals and accountable for over $4.2 billion in sales. From 1998 to 2002, Mr. Fitch acted as Division
    Vice President and General Manager for Coca-Cola Enterprises and, from 1994-1998, was the Regional Vice President of Sales
    and Marketing of the Gulf States for Coca-Cola Enterprises.&nbsp;&nbsp;Mr. Fitch has a Bachelor of Science in Marketing and
    Finance from Arizona State University.&nbsp;&nbsp;Mr. Fitch brings a strong understanding of financial reporting and corporate
    governance matters, along with expertise in corporate governance, enterprise risk management and strategic planning, which
    we believe will strengthen the Board&#8217;s collective qualifications, skills, and experience.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 5pt; padding-left: 11pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 5pt; padding-left: 11pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 5pt 11pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stewart
                                         Fortier</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 5pt 11pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Year
        of Birth: 1991</FONT></P></TD>
    <TD STYLE="width: 79%; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">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.</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">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.</FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 5pt; padding-left: 11pt; text-align: justify"></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 5pt; padding-left: 11pt; text-align: justify; width: 21%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 5pt; padding-left: 11pt; text-align: justify; width: 79%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 5pt 11pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Vincent
                                                          &ldquo;Tripp&#8221; Keber</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 5pt 11pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Year
        of Birth: 1969</FONT></P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Tripp
                                         Keber has served as a Director of MassRoots since 2014. Mr. Keber also is a co-founder,
                                         Director and Chief Executive Officer of Dixie Elixirs &amp; Edibles, a Colorado licensed
                                         medical marijuana infused products manufacturer. He is a founding director of the National
                                         Cannabis Industry Association, and, since 2013, has served as a director of the Marijuana
                                         Policy Project. He is also an advisory board member of the Medical Marijuana Industry
                                         Group in Colorado. Mr. Keber also serves as a board member of American Cannabis Company
                                         (2014-current). In his current role as CEO of Dixie, Mr. Keber is responsible for the
                                         overall strategy, licensing, marketing, branding and expansion efforts related to the
                                         Dixie brand, both domestically and internationally. Mr. Keber has been featured on CBS&#8217;s
                                         60 Minutes and CNBC.</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">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. 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.</FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 5pt; padding-left: 11pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 5pt 11pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ean
                                         Seeb</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 5pt 11pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Year
        of Birth: 1975</FONT></P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ean
                                         Seeb has served as a Director of MassRoots since 2014. Mr. Seeb is also the co-owner
                                         and manager of Denver Relief LLC, a Colorado medical cannabis operation. As a founding
                                         partner of Denver Relief Consulting LLC and seasoned cannabis dispensary operator, Mr.
                                         Seeb has significant experience navigating complex legislation and regulatory demands
                                         unique to legal cannabis operations. Mr. Seeb also serves as a board member of Manna
                                         Molecular Sciences (2015-current). He serves as Chair of the National Cannabis Industry
                                         Association and holds leadership positions with charitable organizations focused on a
                                         range of social causes, from civil rights to sustainable volunteer farming. Mr. Seeb
                                         has been actively involved with non-profit groups for over two decades. His years of
                                         humanitarian experience lead Mr. Seeb to conceptualize and develop a cannabis-centric
                                         service organization called the Denver Relief GREEN TEAM in 2009. He holds a B.S. degree
                                         in Business Administration with an emphasis in Computer Information Systems from University
                                         of Northern Colorado. We believe that Mr. Seeb will use his experience and industry knowledge
                                         to help guide our leadership team.</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The above named persons will be re-elected
to our Board of Directors effective 20 days after the mailing date of  the definitive Information Statement.&nbsp;</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Vote
Required; Manner of Approval</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Voting for
the election of directors is non-cumulative, which means that a simple majority of the shares voting may elect all of the
directors. Each share of common stock is entitled to one (1) vote and, therefore, has a number of votes equal to the number
of authorized directors. If Directors are elected by written consent as permitted by Section 228 of the DGCL and the
Company&#8217;s Bylaws, the Company must receive written consents from Shareholders holding at least a majority of the Common
Stock, since that is the amount that would be required to take such action at a Shareholders&#8217; meeting at which all
shares entitled to vote thereon were present and voted. Section 228 of the Delaware General Corporation Law and Article I,
Section 10, of the Company&#8217;s By-Laws, as amended permit any corporate action, upon which a vote of shareholders is
required or permitted, to be taken without a meeting, provided that </FONT>written consents are received from shareholders
having at least the requisite number of shares that would be necessary to authorize or take such action if a meeting was held
at which all shares entitled to vote thereon were present and voted. Since 60.83% of our outstanding voting stock on the
Record Date delivered a written consent on April 26, 2016, no further vote, approval or consent of shareholders is required
to approve or authorize this action.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt; text-transform: uppercase"><B>ACTION
Three</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><BR>
<BR>
<FONT STYLE="font-size: 10pt"><B><U>RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM<BR>
</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><BR>
<FONT STYLE="font-size: 10pt"><B>General</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Liggett,
Vogt &amp; Webb P.A. served as our independent registered public accounting firm for calendar year 2015 and has been selected
to serve as our independent registered public accounting firm for the fiscal year ended 2016, unless our Board of Directors subsequently
determines that a change is desirable.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">During
the two most recent fiscal years prior to their retention as our auditors we had not consulted with Liggett, Vogt &amp; Webb P.A.,
regarding the application of accounting principles to a specific completed or contemplated transaction, or the type of audit opinion
that might be rendered on our financial statements, and neither written nor oral advice was provided that was an important factor
considered by us in reaching a decision as to the accounting for an auditing or financial reporting issue.</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">While
shareholder ratification is not required for the selection of Liggett, Vogt &amp; Webb P.A., as our independent registered public
accounting firm, the selection was ratified solely with a view toward soliciting the shareholders&#8217; opinion on the matter,
which opinion will be taken into consideration by the Board of Directors in its future deliberations. Even upon the effectiveness
of the ratification, the Audit Committee in its discretion may direct the appointment of different independent auditors at any
time during the year if it determines that such a change would be in the best interests of the Company and our shareholders.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Vote Required; Manner of
Approval</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The ratification
of the appointment of Liggett, Vogt &amp; Webb P.A., as our independent registered public accounting firm, where required or permitted,
requires the vote of a majority of the shares present in person or by proxy or, if by written consent, a majority of the shares
entitled to vote at a meeting of shareholders. Section 228 of the Delaware General Corporation Law and Article I, Section 10,
of the Company&#8217;s by-laws, as amended permit any corporate action, upon which a vote of shareholders is required or permitted,
to be taken without a meeting, provided that written consents are received from shareholders having at least the requisite number
of shares that would be necessary to authorize or take such action if a meeting was held at which all shares entitled to vote
thereon were present and voted. Accordingly, the ratification of the appointment of Liggett, Vogt &amp; Webb P.A., as our independent
registered public accounting firm may be effected by a written consent executed by shareholders representing at least a majority
of our outstanding stock entitled to vote. Since 60.83% of our outstanding voting stock on the Record Date delivered a written
consent on April 26, 2016, ratifying this appointment, no further vote, approval or consent of shareholders is required to approve
or authorize this action.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Audit
Fees and Services</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Pursuant to
the recommendation of our Audit Committee, we dismissed N.K.A. L&amp;L CPAs, PA (formerly known as Bongiovanni &amp; Associates,
PA), (&#8220;L&amp;L&#8221;) as our independent accountant on January 15, 2016, and engaged Liggett, Vogt &amp; Webb P.A to serve
as our independent accountant for the fiscal year ended 2015. The following table sets forth the aggregate fees billed to us by
L&amp;L for the fiscal year ended December 31, 2014 and a portion of the fiscal year ended December 31, 2015, and by Liggett Webb
for a portion of the fiscal year ended December 31, 2015:&nbsp;</FONT></P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">L&amp;L</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">Liggett, Vogt &amp; Webb P.A</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">2014</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">2015</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">2015</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="width: 47%; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Audit Fees</FONT></TD>
    <TD STYLE="width: 5%; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: justify"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="width: 11%; text-align: justify"><FONT STYLE="font-size: 10pt">31,300</FONT></TD>
    <TD STYLE="width: 1%; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: justify"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="width: 11%; text-align: justify"><FONT STYLE="font-size: 10pt">26,500</FONT></TD>
    <TD STYLE="width: 1%; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 2%; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: justify"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="width: 13%; text-align: justify"><FONT STYLE="font-size: 10pt">47,558</FONT></TD>
    <TD STYLE="width: 1%; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Audit-Related Fees</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&#8212;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&#8212;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&#8212;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Tax Fees</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&#8212;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&#8212;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&#8212;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-bottom: 1pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Other Fees</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">3,000</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">3,000</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&#8212;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-bottom: 1pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Totals</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">34,300</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">29,500</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">47,558</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;<BR>
Audit fees represent amounts billed for professional services rendered for the audit of our annual financial statements and fees
associated with reviewing our quarterly filings.</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Other fees represent
the fees associated with reviewing our Registration Statements on Form S-1.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Board of Directors&#8217; Policy
Regarding Pre-Approval of Non-Audit Services</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Until
the creation of the Company&#8217;s Audit Committee occurred, the Company&#8217;s Board pre-approved all auditing services and
the terms thereof and non-audit services (other than non-audit services published under Section 10A(g) of the Exchange Act or
the applicable rules of the SEC or the Pubic Company Accounting Oversight Board) to be provided to us by the independent auditor;
provided, however, the pre-approval requirement is waived with respect to the provisions of non-audit services for us if the &#8220;de
minimus&#8221; provisions of Section 10A(i)(1)(B) of the Exchange Act are satisfied. Beginning on December 9, 2015, our Audit
Committee is now responsible for these duties.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Report of the Audit Committee</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The Audit Committee
has:</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">reviewed
                                         and discussed our audited financial statements with management and Liggett, Vogt &amp; Webb P.A.,
                                         the independent registered public accounting firm;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">discussed
                                         with Liggett, Vogt &amp; Webb P.A. the matters required to be discussed by Statement
                                         on Auditing Standards No. 114 (AICPA, Professional Standards, Vol. 1, AU Section 380),
                                         <I>Communications with Audit Committees</I>, as may be modified or supplemented; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">received
                                         from Liggett, Vogt &amp; Webb P.A. the written disclosures and the letter regarding their
                                         communications with the Audit Committee concerning independence as required by the Public
                                         Company Accounting Oversight Board and discussed the auditors' independence with them.</FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">In addition,
the Audit Committee has met separately with management and with Liggett, Vogt &amp; Webb P.A..</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Based on the
review and discussions referred to above, the Audit Committee recommended to the Board that the audited financial statements be
included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2015 for filing with the SEC. The Audit Committee
also has selected and engaged Liggett, Vogt &amp; Webb P.A. as the Company&#8217;s independent auditors for the fiscal year ending
December 31, 2015.</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The Board of
Directors has determined that all of the members of the Audit Committee meet the Nasdaq Audit Committee independence standards,
as currently in effect. The Board of Directors has also determined that Mr. Fitch and Mr. Seeb are each an &quot;audit committee
financial expert,&quot; as defined in Item 407(d)(5) of Regulation S-K promulgated by the SEC.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: right; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">Submitted
by: &#9;The Audit Committee</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&#9;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4.5in; text-align: right"><FONT STYLE="font-size: 10pt">Terence
Fitch (Chairman)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4.5in; text-align: right"><FONT STYLE="font-size: 10pt">Vincent
&#8220;Tripp&#8221; Keber</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4.5in; text-align: right"><FONT STYLE="font-size: 10pt">Ean
Seeb</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The foregoing
Audit Committee Report shall not be deemed to be soliciting material or deemed to be filed with the SEC or incorporated by reference
into any of our previous or future filings with the SEC, except as otherwise explicitly specified by MassRoots in any such filing.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt; text-transform: none"><B></B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt; text-transform: none"><B>OTHER
MATTERS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt; text-transform: none"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">You should
rely only on the information contained in this Information Statement to vote on the proposals herein. We have not authorized anyone
to provide you with information that is different from what is contained in this Information Statement. You should not assume
that the information contained in the Information Statement is accurate as of any date other than the date hereof, and the mailing
of this Information Statement to our shareholders shall not create any implication to the contrary.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">If you
have any questions regarding the information discussed in this Information Statement or if you would like additional copies of
this Information Statement, you should contact us at: MassRoots, Inc., 1624 Market Street, Suite 201, Denver, CO 80202; Attn:
Investor Relations.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>INTEREST
OF CERTAIN PERSONS IN OR OPPOSITION TO MATTERS TO BE ACTED UPON</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">No officer
or director of the Company has any substantial interest in the Proposals to be acted upon, other than as a shareholder or in his
role as an officer and director of the Company. &nbsp;No director of the Company has informed the Company that he intends to oppose
the proposed action to be taken by the Company as set forth in this Information Statement.</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">We file
quarterly and annual reports on Form 10-Q and Form 10-K, respectively, and other information with the SEC. Such reports and other
information can be inspected and copied at the public reference facility maintained by the SEC at 100 F Street, N.E., Washington,
D.C. 20549. Information regarding the public reference facilities may be obtained from the SEC by telephoning 1-800-SEC-0330.
Our filings are also available to the public on the SEC&#8217;s website (www.sec.gov).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-size: 10pt">A copy
of our Annual Report on Form 10-K for the fiscal year ended December 31, 2015, as filed with the SEC, is available by request
(as noted below), or on our website &#8220;https://massroots.com/investors/&#8221; and is incorporated herein by reference.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The Company
will provide without charge to each person, including any beneficial owner of such person, to whom a copy of this Information
Statement has been delivered, on written or oral request, a copy of any and all of the documents referred to above that have been
or may be incorporated by reference herein, if any. Copies of such documents are available without charge upon written request
to: MassRoots, Inc., 1624 Market Street, Suite 201, Denver, CO 80202; Attn: Investor Relations.</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">As permitted
by the SEC&#8217;s proxy statement rules, we will deliver only one copy of our Annual Report to shareholders or this Information
Statement to two or more shareholders who share an address, unless we have received contrary instructions from one or more of
the shareholders. We will deliver promptly, upon written or oral request, a separate copy of the Annual Report or Information
Statement to a shareholder at a shared address to which a single copy of the documents was delivered. Conversely, shareholders
sharing an address who are receiving multiple copies of our 2015 Annual Report or Information Statement may request delivery of
a single copy. Such a request must be directed to us by mail to MassRoots, Inc., 1624 Market Street, Suite 201, Denver, CO 80202;
Attn: Investor Relations..</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 43%; text-align: left; vertical-align: bottom">May 6, 2016</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 45%; text-align: left">By Order of the Board of Directors</TD></TR>
</TABLE>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 280pt; text-align: justify"><FONT STYLE="font-size: 10pt">&#9;<U>/s/ Isaac
Dietrich&#9;</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 280pt; text-align: justify"><FONT STYLE="font-size: 10pt">&#9;Isaac Dietrich</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 280pt; text-align: justify"><FONT STYLE="font-size: 10pt">&#9;Chief Executive
Officer</FONT></P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CERTIFICATE OF AMENDMENT NO. 2</B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.15pt"><B>MASSROOTS,
INC.</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>[__], 2016</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">MassRoots,
Inc., a corporation organized and existing under and by virtue of the provisions of the General Corporation Law of the State of
Delaware (the &quot;General Corporation Law&quot;)</FONT>, does hereby certify:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>FIRST</B>: That the Board of Directors
of <FONT STYLE="letter-spacing: -0.15pt">MassRoots, Inc.</FONT> adopted a proposed amendment to the Amended and Restated Certificate
of Incorporation of said corporation to effectuate a reverse stock split, declaring said amendment to be advisable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The proposed amendment reads as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Article Fourth is hereby amended by adding
the following paragraph after the first and only paragraph:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Upon the filing and effectiveness (the
&lsquo;&lsquo;Effective Time&rsquo;&rsquo;) this Certificate of Amendment No. 2 to the Corporation&rsquo;s Amended and Restated
Certificate of Incorporation, each _____ shares of the Corporation&rsquo;s Common Stock issued and outstanding immediately prior
to the Effective Time shall automatically be combined into one (1) validly issued, fully paid and non-assessable share of Common
Stock without any further action by the Corporation or the holder thereof, subject to the treatment of fractional share interests
as described below (the &lsquo;&lsquo;Reverse Stock Split&rsquo;&rsquo;). &nbsp;No fractional shares shall be issued upon the Reverse
Stock Split. &nbsp;All shares of Common Stock (including fractions thereof) issuable upon the Reverse Stock Split to a given holder
shall be aggregated for purposes of determining whether the Reverse Stock Split would result in the issuance of a fractional share.
&nbsp;If, after the aforementioned aggregation, the Reverse Stock Split would result in the issuance of a fraction of a share of
Common Stock, the Corporation shall, in lieu of issuing any such fractional share, round up to the nearest whole number of shares
in order to bring the number of shares held by such holder up to the next whole number of shares of Common Stock. &nbsp;&nbsp;Each
certificate that immediately prior to the Effective Time represented shares of Common Stock (the &lsquo;&lsquo;Old Certificates&rsquo;&rsquo;),
shall thereafter represent that number of shares of Common Stock into which the shares of Common Stock represented by the Old Certificate
shall have been combined, subject to the elimination of fractional share interests as described above.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>SECOND: </B><FONT STYLE="letter-spacing: -0.15pt">That,
in lieu of a meeting and vote of shareholders, written or electronic consent of shareholders to said amendment </FONT>granting
the Board of Directors the authority to amend the Amended and Restated Certificate of Incorporation to provide for a reverse stock
split<FONT STYLE="letter-spacing: -0.15pt"> has been given in accordance with the provisions of Section 228 of the General Corporation
Law of the State of Delaware, and written notice of the adoption of the amendment has (or will be) given as provided in Section
228 of the General Corporation Law to every shareholders entitled to such notice.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>THIRD: </B>That the Board of Directors
subsequently approved a ratio of ____.<B> </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>FOURTH: </B>That said amendment was
duly adopted in accordance with the provisions of Sections 242 and 228 of the General Corporation Law.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B></B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>IN WITNESS WHEREOF, </B>said corporation
has caused this certificate to be signed this __ day of ________________, 2016.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 3in"><B>By: _______________________________________ &#9; &#9;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 3in"><B>Title: </B><U>President and Chief Executive Officer&#9;</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 3in"><B>Name</B>: <U>Isaac Dietrich&#9;</U>&nbsp;</P>

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