<SEC-DOCUMENT>0000921895-17-000631.txt : 20170308
<SEC-HEADER>0000921895-17-000631.hdr.sgml : 20170308
<ACCEPTANCE-DATETIME>20170308160734
ACCESSION NUMBER:		0000921895-17-000631
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20170302
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Unregistered Sales of Equity Securities
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170308
DATE AS OF CHANGE:		20170308

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERI Holdings, Inc.
		CENTRAL INDEX KEY:			0000890821
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				954484725
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-26460
		FILM NUMBER:		17675171

	BUSINESS ADDRESS:	
		STREET 1:		100 CANAL POINTE BLVD., SUITE 108
		CITY:			PRINCETON
		STATE:			NJ
		ZIP:			08540
		BUSINESS PHONE:		732-243-9250

	MAIL ADDRESS:	
		STREET 1:		100 CANAL POINTE BLVD., SUITE 108
		CITY:			PRINCETON
		STATE:			NJ
		ZIP:			08540

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SPATIALIZER AUDIO LABORATORIES INC
		DATE OF NAME CHANGE:	19950323
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k10211002_03072017.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Pursuant to Section 13 or 15(d) of The Securities
Exchange Act of 1934</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Date of Report (Date of Earliest Event Reported):
<U>March 2, 2017</U></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><P STYLE="margin: 0">AMERI Holdings, Inc.</P>


</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Exact name of registrant as specified in its charter)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Delaware</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">000-26460</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">95-4484725</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(State or Other Jurisdiction<BR>
of Incorporation)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Commission<BR>
File Number)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(IRS Employer<BR>
Identification No.)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">100 Canal Pointe Boulevard, Suite 108, Princeton, New Jersey</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">08540</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Address of Principal Executive Offices)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Zip Code)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Registrant&rsquo;s Telephone Number, Including
Area Code: <U>(732) 243-9250</U></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 100%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Former Name or Former Address, If Changed Since
    Last Report)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<I>see</I> General Instruction
A.2. below):</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&#9744; Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&#9744;  Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&#9744;  Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&#9744; Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>



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

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

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Item 1.01 Entry into a Material Definitive Agreement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in"><B><I>Securities Purchase Agreement</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">On March 7, 2017, Ameri Holdings, Inc.
(the &ldquo;Company&rdquo; or &ldquo;Ameri&rdquo;), completed the sale and issuance of an aggregate of $1,250,000 in 8% Convertible
Unsecured Promissory Notes (the &ldquo;Notes&rdquo;) to four accredited investors, including one of the Company&rsquo;s directors,
Dhruwa N. Rai. The Notes were issued pursuant to Securities Purchase Agreements (the &ldquo;Purchase Agreements&rdquo;) with each
investor, pursuant to which each investor purchased its Note from the Company. The Notes will bear interest at 8% per annum until
maturity in March 2020, with interest being paid annually on the first, second and third anniversaries of the issuance of the Notes
beginning in March 2018. From and after an event of default and for so long as the event of default is continuing, the Notes will
bear default interest at the rate of 10% per annum. The Notes can be prepaid by us at any time without penalty.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">The Notes are convertible into shares
of our common stock at a conversion price of (i) in the event that any registration statement for the public offering of common
stock filed by the Company with the U.S. Securities and Exchange Commission (&ldquo;SEC&rdquo;) in connection with an uplisting
to a national stock exchange is declared effective by the SEC on or prior to December 31, 2017, such price per share that is equal
to 68% of the price per share of common stock offered and sold pursuant to such registration statement, or (ii) if no such registration
statement is declared effective by December 31, 2017, such price per share that is equal to the weighted average closing price
per share of the Company&rsquo;s common stock for the 20 trading days immediately preceding December 31, 2017, subject to adjustment
under certain circumstances. The Notes rank junior to our secured credit facility with Sterling National Bank. The Notes also include
certain negative covenants including, without the investors&rsquo; approval, restrictions on dividends and other restricted payments
and reclassification of its stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">The parties to the Purchase Agreements
have made customary representations, warranties and covenants therein. The foregoing description of the Purchase Agreements and
Notes is included to provide information regarding their terms. It does not purport to be a complete description and is qualified
in its entirety by reference to the full text of the Purchase Agreement and the Note, the forms of which are filed as Exhibits
10.1 and 10.2 hereto and are incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">In accordance with the terms of the
sale of the Notes, the investors and Ameri entered into Registration Rights Agreements (the &ldquo;Registration Rights Agreements&rdquo;),
pursuant to which the Company granted the investors piggyback registration rights in the event the Company proposes to register
the offer and sale of any shares of its common stock under the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;)
(other than a registration (A) in connection with an uplisting of the Company&rsquo;s common stock to a national stock exchange,
(B) pursuant to a registration statement on Form S-8 (or other registration solely relating to an offering or sale to employees
or directors of the Company pursuant to any employee stock plan or other employee benefit arrangement), (C) pursuant to a registration
statement on Form S-4 (or similar form that relates to a transaction subject to Rule 145 under the Securities Act or any successor
rule thereto), or (D) in connection with any dividend or distribution reinvestment or similar plan), whether for its own account
or for the account of one or more stockholders of the Company. We are obligated to maintain the effectiveness of the registration
statement from its effective date until the later of (a) the date on which all registrable shares have been sold or distributed
or, if earlier, until such registrable securities may be sold by under Rule 144 (provided that the Company&rsquo;s transfer agent
has accepted an instruction from the Company to such effect) or (b) the third (3rd) anniversary of the closing of the Notes sale.
We agreed to use our best efforts to have the registration statement declared effective by the SEC as soon as commercially reasonably
possible. There are no monetary penalties if the registration statement is not filed or does not become effective on a timely
basis.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">The foregoing description of the Registration
Rights Agreements is included to provide information regarding its terms. It does not purport to be a complete description and
is qualified in its entirety by reference to the full text of the Registration Rights Agreements, the form of which is filed as
Exhibit 10.3 hereto and is incorporated herein by reference.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Item 3.02 Unregistered Shares of Equity Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">As described under Item 1.01 of this
Current Report on Form 8-K, the Company sold and issued to four accredited investors unsecured promissory notes convertible into
common stock of the Company in exchange for net proceeds to the Company of $1,250,000. No placement agent or other financial intermediary
was engaged or compensated in connection with the Notes sale.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">The net proceeds of the Notes sale will
be used for working capital and general corporate purposes, including amounts required to pay officers&rsquo; salaries, ongoing
public reporting costs, insurance, office-related expenses (including equipment and supplies), and other corporate expenses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">The Note (and its underlying shares of
common stock) issued in the Notes sale were exempt from registration under Section 4(a)(2) of the Securities Act as a sale by an
issuer not involving a public offering. None of the Notes or shares of our common stock underlying the Notes were registered under
the Securities Act, or the securities laws of any state, and were offered and sold in reliance on the exemption from registration
afforded by Section 4(a)(2) of the Securities Act and corresponding provisions of state securities laws, which exempts transactions
by an issuer not involving any public offering. Such securities may not be offered or sold in the United States absent registration
or an applicable exemption from the registration requirements and certificates evidencing such shares contain a legend stating
the same.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Item 9.01. Financial Statements and Exhibits</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">(d) Exhibits.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%">Exhibit 10.1</TD>
    <TD STYLE="width: 88%">Form of Securities Purchase Agreement.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Exhibit 10.2</TD>
    <TD>Form of 8% Convertible Unsecured Promissory Note due March 2020.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Exhibit 10.3</TD>
    <TD>Form of Registration Rights Agreement.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>Date: March 8, 2017</TD>
    <TD COLSPAN="2">AMERI HOLDINGS, INC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 51%">&nbsp;</TD>
    <TD STYLE="width: 6%">By:</TD>
    <TD STYLE="width: 43%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; border-bottom: Black 0.5pt solid">/s/ Giri Devanur</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Giri Devanur</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>President and Chief Executive Officer</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD>Exhibit</TD>
    <TD STYLE="text-decoration: underline"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 12%"><U>Number</U></TD>
    <TD STYLE="width: 88%; text-decoration: underline"><U>Description</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Exhibit 10.1</TD>
    <TD>Form of Securities Purchase Agreement.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Exhibit 10.2</TD>
    <TD>Form of 8% Convertible Unsecured Promissory Note due March 2020.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Exhibit 10.3</TD>
    <TD>Form of Registration Rights Agreement.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



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<P STYLE="margin: 0; text-align: right">Exhibit 10.1</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>THESE SECURITIES HAVE NOT BEEN REGISTERED
FOR OFFER OR SALE UNDER THE SECURITIES ACT OF 1933 OR ANY STATE SECURITIES LAWS. THEY MAY NOT BE SOLD OR OFFERED FOR SALE EXCEPT
PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SAID ACT AND ANY APPLICABLE STATE SECURITIES LAW OR AN APPLICABLE EXEMPTION
FROM SUCH REGISTRATION REQUIREMENTS.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>SECURITIES PURCHASE
AGREEMENT</B> (&ldquo;<B>Agreement</B>&rdquo;) dated as of March , 2017, between <B>Ameri Holdings, Inc.</B>, a Delaware corporation
(the &ldquo;<B>Company</B>&rdquo;), and <B>[NAME]</B> (the &ldquo;<B>Purchaser</B>&rdquo;). Capitalized terms used herein and not
otherwise defined shall have the meanings set forth in the Note (as defined below).</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><U>W I T N E S S E T H</U>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>,
the Company desires to sell, and the Purchaser desires to purchase, an 8% Convertible Unsecured Promissory Note due March , 2020
of the Company, which note shall be in the aggregate principal amount of [AMOUNT] ($ ) and shall be in substantially the form of
<U>Exhibit A</U> hereto (the &ldquo;<B>Note</B>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE</B>,
in consideration of the foregoing premises and the covenants contained herein and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in"><FONT STYLE="font-family: 9999999,serif">ARTICLE
I</FONT><U><BR></U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in"><U>Purchase and Sale of the Note</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: 9999999,serif">Section
1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Purchase of the Note</U>. At the Closing (as hereinafter defined) and subject to the
terms and conditions hereof and in reliance upon the representations, warranties and agreements contained herein, the Company will
issue and sell the Note to the Purchaser, and the Purchaser will purchase the Note from the Company, for the purchase price equal
to the original principal amount of the Note (the &ldquo;<B>Purchase Price</B>&rdquo;). For purposes hereof, the term &ldquo;<B>Conversion
Shares</B>&rdquo; means any shares of common stock, par value $0.01 per share, of the Company (&ldquo;<B>Common Stock</B>&rdquo;),
into which the Note is convertible according to its terms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: 9999999,serif">Section
1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>The Closing</U>. The purchase and sale of the Note shall take place at a closing (the
&ldquo;<B>Closing</B>&rdquo;) on the date hereof or such other date as the Purchaser and the Company may agree upon (the &ldquo;<B>Closing
Date</B>&rdquo;). At the Closing, the Company shall deliver to the Purchaser the Note purchased hereunder, registered in the name
of the Purchaser or its nominee. On the Closing Date, the Purchaser shall deliver by wire transfer the cash Purchase Price hereunder
to an account designated in writing by the Company. In addition, each party shall deliver all documents, instruments and writings
required to be delivered by such party pursuant to this Agreement at or prior to the Closing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: 9999999,serif">Section
1.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Registration Rights Agreement</U>. At the Closing, the Company and the Purchaser will
enter into a Registration Rights Agreement in substantially the form set forth as <U>Exhibit B</U> hereto (the &ldquo;<B>Registration
Rights Agreement</B>&rdquo;).</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in"><FONT STYLE="font-family: 9999999,serif">ARTICLE
II</FONT><U><BR></U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in"><U>Representations and Warranties</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: 9999999,serif">Section
2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Representations and Warranties of the Company</U>. The Company hereby makes the following
representations and warranties to the Purchaser as of the date hereof and the Closing Date:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: 9999999,serif">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Organization
and Qualification; Material Adverse Effect</I>. The Company is a corporation duly incorporated and existing in good standing under
the laws of the State of Delaware and has the requisite corporate power to own its properties and to carry on its business as now
being conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction
in which the nature of the business conducted or property owned by it makes such qualification necessary other than those in which
the failure so to qualify would not have a Material Adverse Effect. &ldquo;<B>Material Adverse Effect</B>&rdquo; means any adverse
effect on the business, operations, properties, prospects or financial condition of the Company and its subsidiaries, if any, and
which is (either alone or together with all other adverse effects) material to the Company and its subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: 9999999,serif">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Authorization;
Enforcement</I>. (i) The Company has all requisite corporate power and authority to enter into and perform this Agreement, the
Note, the Registration Rights Agreement and any other agreements or documents delivered by the Company at the Closing (&ldquo;<B>Transaction
Documents</B>&rdquo;) and to issue the Note in accordance with the terms hereof, (ii) the execution and delivery of the Transaction
Documents by the Company and the consummation by it of the transactions contemplated hereby and thereby, including the issuance
of the Note, have been duly authorized by all necessary corporate action, and no further consent or authorization of the Company
or its Board of Directors (or any committee or subcommittee thereof) or stockholders is required, (iii) the Transaction Documents
have been duly executed and delivered by the Company, (iv) the Transaction Documents constitute valid and binding obligations of
the Company enforceable against the Company, except as such enforceability may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium, liquidation or similar laws relating to, or affecting generally the enforcement of creditors&rsquo;
rights and remedies or by other equitable principles of general application, and (v) the Conversion Shares have been duly authorized
and, upon issuance thereof and payment therefor in accordance with the terms of the Note, as the case may be, will be validly issued,
fully paid and non-assessable, free and clear of any and all liens, claims and encumbrances.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: 9999999,serif">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>No
Conflicts</I>. The execution, delivery and performance of the Transaction Documents by the Company and the consummation by the
Company of the transactions contemplated hereby and thereby and issuance of the Note and the Conversion Shares will not (i) result
in a violation of the Certificate of Incorporation of the Company, as amended; (ii) conflict with, or constitute a default (or
an event which with notice or lapse of time or both would become a default) under, or give to others any rights of termination,
amendment, acceleration or cancellation of, any agreement, indenture or instrument to which the Company or any of its subsidiaries
is a party, or (iii) to the Company&rsquo;s knowledge result in a violation of any law, rule, regulation, order, judgment or decree
(including United States federal and state securities laws) applicable to the Company or any of its subsidiaries or by which any
property or asset of the Company or any of its subsidiaries is bound or affected, except in the case of clause (ii), such conflicts
that would not have a Material Adverse Effect.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: 9999999,serif">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>SEC
Documents</I>. Since December 31, 2016, the Company has filed all reports, schedules, forms, statements and other documents required
to be filed by it with the Securities and Exchange Commission (the &ldquo;<B>SEC</B>&rdquo;) pursuant to the reporting requirements
of the Securities Exchange Act of 1934, as amended (the &ldquo;<B>Exchange Act</B>&rdquo;) (all of the foregoing filed prior to
the date hereof and all exhibits included therein and financial statements and schedules thereto and documents incorporated by
reference therein being hereinafter referred to as the &ldquo;<B>SEC Documents</B>&rdquo;). To the Company&rsquo;s knowledge, as
of their respective dates, the SEC Documents complied in all material respects with the requirements of the Exchange Act and the
rules and regulations of the SEC promulgated thereunder applicable to the SEC Documents, and none of the SEC Documents, at the
time they were filed with the SEC, contained any untrue statement of a material fact or omitted to state a material fact required
to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were
made, not misleading.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: 9999999,serif">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>No
Contemplated Bankruptcy</I>. On the date hereof, the Company does not contemplate and has no knowledge of any person contemplating
the filing of any petition against the Company or any subsidiary under any federal or state bankruptcy, insolvency, receivership
or other such law. The Company does not intend to, and does not believe that it will, incur debts and liabilities (including, among
other things, contingent liabilities and other commitments) beyond its ability to pay such debts as they mature (taking into account
the timing and amounts to be payable on or in respect of obligations of Company). The execution, delivery, observance, performance
and fulfillment of Company&rsquo;s obligations and duties under this Agreement will not render the Company insolvent or unable
to pay its debts as they become due. The Company has (a) not entered into the transactions contemplated by this Agreement with
the actual intent to hinder, delay, or defraud any creditor and (b) received reasonably equivalent value in exchange for its obligations
under this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: 9999999,serif">Section
2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Representations and Warranties of the Purchaser</U>. The Purchaser hereby makes the
following representations and warranties to the Company as of the date hereof and the Closing Date:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: 9999999,serif">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Accredited
Investor Status; Sophisticated Purchaser</I>. The Purchaser is an &ldquo;accredited investor&rdquo; as that term is defined in
Rule 501(a) of Regulation D under the Securities Act of 1933, as amended (the &ldquo;<B>Securities Act</B>&rdquo;). The Purchaser
has such knowledge and experience in financial and business matters that the Purchaser is capable of evaluating the merits and
risks of the purchase of the Note and the Conversion Shares. The Purchaser is not registered as a broker or dealer under Section
15(a) of the Exchange Act, affiliated with any broker or dealer registered under Section 15(a) of the Exchange Act, or a member
of the Financial Industry Regulatory Authority.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: 9999999,serif">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Information</I>.
The Purchaser and its advisors, if any, have been furnished with all materials relating to the business, finances and operations
of the Company which have been requested and materials relating to the offer and sale of the Note and the Conversion Shares, which
have been requested by the Purchaser. The Purchaser and its advisors, if any, have been afforded the opportunity to ask questions
of the Company. The Purchaser acknowledges that its purchase of the Note and (if applicable) the Conversion Shares involves a high
degree of risk and that Purchaser may never recover Purchaser&rsquo;s investment in these securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: 9999999,serif">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Investment
Representation</I>. The Purchaser is purchasing the Note for the Purchaser&rsquo;s own account and not with a view to distribution
in violation of any securities laws. The Purchaser has been advised and understands that neither the Note nor the Conversion Shares
have been registered under the Securities Act or under the &ldquo;blue sky&rdquo; laws of any jurisdiction and may be resold only
if registered pursuant to the provisions of the Securities Act or if an exemption from registration is available, except under
circumstances where neither such registration nor such an exemption is required by law. The Purchaser has been advised and understands
that the Company, in issuing the Note, is relying upon, among other things, the representations and warranties of the Purchaser
contained in this Section 2.2 in concluding that such issuance is a &ldquo;private offering&rdquo; and is exempt from the registration
provisions of the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: 9999999,serif">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Rule
144</I>. The Purchaser understands that there is no public trading market for the Note, that none is expected to develop, and that
the Note must be held indefinitely unless and until such Note, or if applicable, the Conversion Shares, are registered under the
Securities Act or an exemption from registration is available. The Purchaser has been advised or is aware of the provisions of
Rule 144 promulgated under the Securities Act.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in"><FONT STYLE="font-family: 9999999,serif">ARTICLE
III</FONT><U><BR></U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in"><U>Covenants and Acknowledgments</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: 9999999,serif">Section
3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Junior, Subordinated Status of the Note</U>. The Note shall be junior and subordinate
to, and the Company shall be permitted to incur, any indebtedness under a Qualified Credit Facility. For purposes hereof, a &ldquo;<B>Qualified
Credit Facility</B>&rdquo; shall mean any secured or unsecured credit facility that the Company may obtain after the date hereof
from a lender that makes commercial loans or extends commercial credit facilities in the ordinary course of its business which
is secured by inventory and/or accounts receivable. Purchaser hereby agrees to execute any acknowledgment or sign any reasonable
subordination agreement evidencing the fact that the Note is subordinate to such a credit facility in all respects, including
right of payment and security.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in"><FONT STYLE="font-family: 9999999,serif">ARTICLE
IV</FONT><U><BR></U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in"><U>Legend and Stock</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Upon payment therefor
as provided in this Agreement, the Company will issue the Note in the name the Purchaser or its designees and in such denominations
to be specified by the Purchaser prior to (or from time to time subsequent to) Closing. The Note and any certificate representing
Conversion Shares issued upon conversion thereof, prior to such Conversion Shares being registered under the Securities Act for
resale or available for resale under Rule 144 under the Securities Act, shall be stamped or otherwise imprinted with a legend in
substantially the following form:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">THESE SECURITIES
HAVE NOT BEEN REGISTERED FOR OFFER OR SALE UNDER THE SECURITIES ACT OF 1933 OR ANY STATE SECURITIES LAWS. THEY MAY NOT BE SOLD
OR OFFERED FOR SALE EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SAID ACT AND ANY APPLICABLE STATE SECURITIES LAW
OR AN APPLICABLE EXEMPTION FROM SUCH REGISTRATION REQUIREMENTS.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Company agrees
to reissue the Note and Conversion Shares without the legend set forth above, at such time as (i) the holder thereof is permitted
to dispose of securities pursuant to Rule 144 under the Securities Act, or (ii) such securities are sold to a purchaser or purchasers
who (in the opinion of counsel to the seller or such purchaser(s), in form and substance reasonably satisfactory to the Company
and its counsel) are able to dispose of such shares publicly without registration under the Securities Act, or (iii) such securities
have been registered under the Securities Act.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in"><FONT STYLE="font-family: 9999999,serif">ARTICLE
V</FONT><U><BR></U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in"><U>Governing Law; Miscellaneous</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: 9999999,serif">Section&nbsp;5.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Governing Law</U>. THIS AGREEMENT SHALL BE GOVERNED BY AND INTERPRETED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO THE PRINCIPLES OF CONFLICT OF LAWS.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: 9999999,serif">Section&nbsp;5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Counterparts</U>. This Agreement may be executed in two or more identical counterparts,
all of which shall be considered one and the same agreement and shall become effective when counterparts have been signed by each
party and delivered to the other party; provided that a facsimile signature shall be considered due execution and shall be binding
upon the signatory thereto with the same force and effect as if the signature were an original, not a facsimile signature.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: 9999999,serif">Section&nbsp;5.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Headings</U>. The headings of this Agreement are for convenience of reference and shall
not form part of, or affect the interpretation of, this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: 9999999,serif">Section&nbsp;5.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Severability</U>.
If any provision of this Agreement shall be invalid or unenforceable in any jurisdiction, such invalidity or unenforceability
shall not affect the validity or enforceability of the remainder of this Agreement in that jurisdiction or the validity or enforceability
of any provision of this Agreement in any other jurisdiction.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: 9999999,serif">Section&nbsp;5.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Entire Agreement; Amendments; Waivers</U>. This Agreement supersedes all other prior
oral or written agreements between the Purchaser, the Company, their affiliates and persons acting on their behalf with respect
to the matters discussed herein, and this Agreement and the instruments referenced herein (including the other Transaction Documents)
contain the entire understanding of the parties with respect to the matters covered herein and therein and, except as specifically
set forth herein or therein, neither the Company nor the Purchaser makes any representation, warranty, covenant or undertaking
with respect to such matters. In addition:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
provisions of this Agreement may from time to time be amended, modified or waived, if such amendment, modification or waiver is
in writing and consented to by the Company and the Purchaser.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as provided herein, no failure or delay on the part of the Purchaser in exercising any power or right under this Agreement shall
operate as a waiver thereof, nor shall any single or partial exercise of any such power or right preclude any other or further
exercise thereof or the exercise of any other power or right. No notice to or demand on the Company in any case shall entitle it
to any notice or demand in similar or other circumstances. No waiver or approval by the Purchaser shall, except as may be otherwise
stated in such waiver or approval, be applicable to subsequent transactions. No waiver or approval hereunder shall require any
similar or dissimilar waiver or approval thereafter to be granted hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: 9999999,serif">Section&nbsp;5.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Notices</U>. Any notices, consents, waivers or other communications required or permitted
to be given under the terms of this Agreement must be in writing, must be delivered by (i) hand delivery, (ii) nationally recognized
overnight carrier or (iii) email, and will be deemed to have been delivered upon receipt. The addresses and facsimile numbers for
such communications shall be:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in">If to the Company:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Ameri Holdings, Inc.<BR>
100 Canal Pointe Blvd., Suite 108<BR>
Princeton, New Jersey 08540</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Telephone: (732) 243-9250<BR>
Attention: Mr. Giri Devanur, President and Chief Executive Officer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Email: giri.devanur@ameri100.com</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in">With a copy to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Olshan Frome Wolosky LLP<BR>
1325 Avenue of the Americas</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">New York, New York 10019<BR>
Telephone: (212) 451-2289<BR>
Attention: Adam W. Finerman, Esq.<BR>
Email: afinerman@olshanlaw.com</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in">If to the Transfer Agent:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Corporate Stock Transfer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3200 Cherry Creek Drive South,
Suite 430</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">Denver, Colorado 80209</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Telephone: (303) 282-4800<BR>
Attention: Ms. Shari Humpherys<BR>
Email: shumpherys@corporatestock.com</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in">If to the Purchaser:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">[NAME]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">[ADDRESS]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Telephone:<BR>
Email:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Each party shall
provide five (5) days prior written notice to the other party of any change in address, telephone number or facsimile number. Written
confirmation of receipt (A) given by the recipient of such notice, consent, waiver or other communication, (B) mechanically or
electronically generated by the sender&rsquo;s facsimile machine containing the time, date, recipient facsimile number and an image
of the first page of such transmission or (C) provided by a nationally recognized overnight delivery service, shall be rebuttable
evidence of personal service, receipt by facsimile or receipt from a nationally recognized overnight delivery service in accordance
with clause (i), (ii) or (iii) above, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: 9999999,serif">Section
5.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Successors and Assigns</U>. Except as otherwise provided herein, this Agreement shall
be binding upon and inure to the benefit of the parties and their respective successors and assigns, including any permitted assignee
of the Note. The Purchaser may assign some or all of its rights hereunder to any permitted assignee of the Note; <U>provided</U>,
<U>however</U>, that any such assignment shall not release the Purchaser from its obligations hereunder unless such obligations
are assumed by such assignee and the Company has consented to such assignment and assumption.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: 9999999,serif">Section
5.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Further Assurances</U>. Each party shall do and perform, or cause to be done and performed,
all such further acts and things, and shall execute and deliver all such other agreements, certificates, instruments and documents,
as the other party may reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the
consummation of the transactions contemplated hereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: 9999999,serif">Section
5.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Survival</U>. The representations, warranties, agreements and covenants in this Agreement
shall survive the Closing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: -4.5pt">[Signature Page
Follows]</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>IN WITNESS WHEREOF</B>,
the parties hereto have caused this Securities Purchase Agreement to be duly executed as of the date and year first above written.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt"><B>COMPANY:</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-bottom: 12pt"><FONT STYLE="font-size: 10pt"><B>AMERI HOLDINGS, INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 6%"><FONT STYLE="font-size: 10pt">Name:&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="width: 38%"><FONT STYLE="font-size: 10pt">Giri Devanur</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">President and Chief Executive Officer </FONT></TD></TR>
</TABLE>


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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt"><B>PURCHASER:</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">[NAME]</FONT></TD></TR>
</TABLE>


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

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">EXHIBIT A<BR>
<BR>
Form of Note</P>

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

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">EXHIBIT B<BR>
<BR>
Form of Registration Rights Agreement</P>

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



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

</BODY>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ex102to8k10211002_03072017.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; text-align: right">Exhibit 10.2</P>

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

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

<P STYLE="margin: 0; text-align: justify"><B>THESE SECURITIES HAVE NOT BEEN REGISTERED FOR OFFER OR SALE UNDER THE SECURITIES ACT OF 1933 OR
ANY STATE SECURITIES LAWS. THEY MAY NOT BE SOLD OR OFFERED FOR SALE EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER
SAID ACT AND ANY APPLICABLE STATE SECURITIES LAW OR AN APPLICABLE EXEMPTION FROM SUCH REGISTRATION REQUIREMENTS.</B></P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">8% CONVERTIBLE UNSECURED PROMISSORY
NOTE DUE MARCH , 2020<BR></P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">AMERI HOLDINGS, INC.<BR></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif"><B>Original Issuance Date: March&nbsp;&nbsp;&nbsp;&nbsp;, 2017</B></TD>
    <TD STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif; text-align: right"><B>Original Principal Amount: $_______</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><B>Princeton, New Jersey</B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">THIS NOTE (this
&ldquo;<B>Note</B>&rdquo;) is duly authorized and issued by <B>Ameri Holdings, Inc.</B>, a Delaware corporation (the &ldquo;<B>Company</B>&rdquo;),
and designated as the Company&rsquo;s 8% Convertible Unsecured Promissory Note in the original principal amount of [AMOUNT] U.S.
Dollars ($ ). All principal and unpaid interest under this Note shall become due and payable on March , 2020 (the &ldquo;<B>Maturity
Date</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">FOR VALUE RECEIVED,
the Company hereby promises to pay to the order of <B>[NAME]</B>, or his registered assigns or successors-in-interest (the &ldquo;<B>Holder</B>&rdquo;),
the principal sum of [AMOUNT] U.S. Dollars ($ ) together with all accrued but unpaid interest thereon, if any, on the Maturity
Date, in accordance with the terms hereof. Interest on the unpaid principal balance hereof shall accrue at the rate of 8% per annum
from the original date of issuance, March __, 2017 (the &ldquo;<B>Issuance Date</B>&rdquo;), until the same becomes due and payable
on the Maturity Date, or such earlier date upon acceleration or by redemption in accordance with the terms hereof or of the other
Transaction Documents. Interest on this Note shall accrue daily commencing on the Issuance Date and shall be computed on the basis
of a 360-day year, 30-day months and actual days elapsed and shall be payable in accordance with Section 1 hereof. Notwithstanding
anything to the contrary contained herein, this Note shall bear interest on the due and unpaid Principal Amount from and after
the occurrence and during the continuance of an Event of Default pursuant to Section 3(a), at the rate (the &ldquo;<B>Default Rate</B>&rdquo;)
equal to the lower of ten percent (10%) per annum or the highest rate permitted by law. Unless otherwise agreed or required by
applicable law, payments will be applied first to any unpaid collection costs, then to unpaid interest and fees and any remaining
amount to principal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Except as otherwise
provided herein, all payments of principal and interest on this Note shall be made in lawful money of the United States of America
by wire transfer of immediately available funds to such account as the Holder may from time to time designate by written notice
in accordance with the provisions of this Note. This Note may be prepaid in whole or in part at any time without penalty. Whenever
any amount expressed to be due by the terms of this Note is due on any day which is not a Business Day (as defined below), the
same shall instead be due on the next succeeding day which is a Business Day.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Capitalized terms
used herein and not otherwise defined shall have the meanings set forth in the Securities Purchase Agreement, dated as of the Issuance
Date, pursuant to which the Note was originally issued (the &ldquo;<B>Purchase Agreement</B>&rdquo;). For purposes hereof, the
following terms shall have the meanings ascribed to them below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<B>Business
Day</B>&rdquo; shall mean any day other than a Saturday, Sunday or a day on which commercial banks in the City of New York, State
of New York are authorized or required by law or executive order to remain closed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<B>Conversion
Price</B>&rdquo; shall mean (i) in the event that any registration statement for the public offering of Common Stock filed by the
Company with the SEC in connection with an uplisting to a national stock exchange is declared effective by the SEC on or prior
to December 31, 2017, such price per share that is equal to 68% of the price per share of Common Stock offered and sold pursuant
to such registration statement, or (ii) if no such registration statement is declared effective by December 31, 2017, such price
per share that is equal to the weighted average closing price per share of the Company&rsquo;s Common Stock for the 20 trading
days immediately preceding December 31, 2017, in either case as adjusted as set forth herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<B>Convertible
Securities</B>&rdquo; means any convertible securities, warrants, options or other rights to subscribe for or to purchase or exchange
for, shares of Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<B>Conversion
Shares</B>&rdquo; means the shares of Common Stock into which this Note is convertible in accordance with the terms hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<B>Debt</B>&rdquo;
shall mean indebtedness of any kind.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<B>Exchange
Act</B>&rdquo; shall mean the Securities Exchange Act of 1934, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<B>Principal
Amount</B>&rdquo; shall refer to the sum of (i) the original principal amount of this Note, (ii) all accrued but unpaid interest
hereunder, and (iii) any default payments owing under the Transaction Documents but not previously paid or added to the Principal
Amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<B>Principal
Market</B>&rdquo; shall mean the principal market, exchange, or quotation service on which the Common Stock is then listed or quoted
for trading.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<B>Registration
Statement</B>&rdquo; shall have the meaning set forth in the Registration Rights Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<B>Trading
Day</B>&rdquo; shall mean a day on which there is trading on the Principal Market.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The following terms
and conditions shall apply to this Note:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in"><B>Section 1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Payments
of Principal and Interest.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Interest
Payments</U>. The Company shall pay all accrued but unpaid interest on the Principal Amount of this Note (the &ldquo;<B>Annual
Amount</B>&rdquo;), on the first, second and third anniversaries of the Issuance Date beginning on March , 2018. The Annual Amount
shall be paid in cash.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Payment
of Principal</U>. Subject to the provisions hereof, including, without limitation, the right to obtain prepayment of the Principal
Amount provided herein, the Principal Amount of this Note shall be due and payable on the Maturity Date. Payment of the Principal
Amount shall be effected in cash.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Prepayment
of Principal</U>. On or after March , 2018, the Company shall have the right, but not the obligation, to prepay, in full or in
part, at par the Principal Amount provided herein, along with all accrued but unpaid interest as of the intended date of such prepayment.
The Company shall provide the Holder with 10 Business Days prior notice of its election to prepay all or a portion of the Principal
Amount, and following such notice the Holder shall have such 10 Business Day period to convert such portion of the Principal Amount
to be prepaid into shares of Common Stock pursuant to the conversion terms set forth herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Taxes</U>.
The Company may withhold and pay over to the relevant authorities any appropriate tax or other legally required withholdings from
any interest payment to be made to the Holder to the extent that such withholding is required by the Internal Revenue Code or any
other applicable law, rule, or regulation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Subordinate
Status</U></B>. The obligations of the Company hereunder shall rank junior to and be subordinate to all other Qualified Credit
Facility Debt of the Company, whether now or hereinafter existing, as set forth in Section 3.1 of the Purchase Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in"><B>THIS 8% CONVERTIBLE
UNSECURED NOTE IS SUBJECT TO THE TERMS OF A SUBORDINATION AGREEMENT IN FAVOR OF STERLING NATIONAL BANK, WHICH SUBORDINATION AGREEMENT
IS INCORPORATED HEREIN BY REFERENCE. NOTWITHSTANDING ANY CONTRARY STATEMENT CONTAINED IN THE WITHIN THIS 8% CONVERTIBLE UNSECURED
NOTE, NO PAYMENT ON ACCOUNT OF PRINCIPAL OR INTEREST THEREOF SHALL BECOME DUE OR BE PAID EXCEPT IN ACCORDANCE WITH THE TERMS OF
SUCH SUBORDINATION AGREEMENT.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in"><B>Section 3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Defaults
and Remedies</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Events
of Default</U>. An &ldquo;<B>Event of Default</B>&rdquo; is: (i) a default in payment of the Principal Amount, when due, or failure
to pay any accrued but unpaid interest thereon of the Note within five (5) Business Days after the date such interest payment
is due; (ii) a default in the timely issuance of the Conversion Shares upon and in accordance with the terms hereof (where for
purposes of this Note, the term timely shall mean within ten (10) days following the conversion date) (iii) failure by the Company
for thirty (30) days after written notice has been received by the Company to comply with any other material provision of the
Note, the Purchase Agreement or the Transaction Documents, (iv) a material breach by the Company of its representations or warranties
in the Purchase Agreement or Transaction Documents that remains uncured for thirty (30) business days after notice to the Company;
or (v) if the Company or any of its subsidiaries is subject to any Bankruptcy Event. &ldquo;<B>Bankruptcy Event</B>&rdquo; means
any of the following events: (a) the Company or any subsidiary commences a case or other proceeding under any bankruptcy, reorganization,
arrangement, adjustment of debt, relief of debtors, dissolution, insolvency or liquidation or similar law of any jurisdiction
relating to the Company or any subsidiary thereof; (b) there is commenced against the Company or any subsidiary any such case
or proceeding that is not dismissed within 30 days after commencement; (c) the Company or any subsidiary is adjudicated insolvent
or bankrupt or any order of relief or other order approving any such case or proceeding is entered; (d) the Company or any subsidiary
suffers any appointment of any custodian or the like for it or any substantial part of its property that is not discharged or
stayed within 30 days; (e) the Company or any subsidiary makes a general assignment for the benefit of creditors; (f) the Company
or any subsidiary, by any act or failure to act, expressly indicates its consent to, approval of or acquiescence in any of the
foregoing or takes any corporate or other action for the purpose of effecting any of the foregoing.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Remedies</U>.
If an Event of Default occurs and is continuing with respect to the Note, the Holder may declare all of the then outstanding Principal
Amount of this Note, including any interest due thereon, to be due and payable immediately. The Company shall pay interest on such
amount in cash at the Default Rate to the Holder if such amount is not paid within two (2) days of Holder&rsquo;s request. The
remedies under this Note shall be cumulative.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>Section 4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Certain
Negative Covenants</U>. </B>The Company hereby covenants and agrees that, for so long as the Note remains outstanding, unless the
Holder shall otherwise consent in writing, the Company shall not, and shall not permit any subsidiary to, directly or indirectly
after the date hereof declare, pay or make any dividend or distribution on any Common Stock, other than dividends or distributions
payable in its stock, or Convertible Securities, or split-ups or reclassifications of its stock into additional or other shares
of its stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in"><B>Section 5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Conversion</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Conversion
by Holder</U>. From and after the earlier of (i) December 31, 2017 and (ii) the date of effectiveness of any registration statement
for the public offering of Common Stock filed by the Company with the SEC in connection with an uplisting to a national stock exchange
and subject to the terms hereof and restrictions and limitations contained herein, the Holder shall have the right, at Holder&rsquo;s
option, at any time and from time to time to convert, in part or in whole, the outstanding Principal Amount and all accrued and
unpaid interest under this Note into shares of the Company&rsquo;s common stock, par value $0.01 per share (&ldquo;<B>Common Stock</B>&rdquo;),
at the then applicable Conversion Price, by delivering to the Company a fully executed notice of conversion in the form of conversion
notice attached hereto as <U>Exhibit A</U> (the &ldquo;<B>Conversion Notice</B>&rdquo;), which may be transmitted by facsimile
(with the original mailed on the same date by certified or registered mail, postage prepaid and return receipt requested). The
Conversion Notice shall specify a date for the conversion to be effective, which date shall be no earlier than the date on which
the Conversion Notice is delivered (the &ldquo;<B>Conversion Date</B>&rdquo;), and the Conversion Notice shall be irrevocable when
delivered.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Conversion
Procedures</U>. Upon conversion of this Note pursuant to this Section 5, the outstanding Principal Amount hereunder shall be converted
into such number of fully paid, validly issued and non-assessable shares of Common Stock, free of any liens, claims and encumbrances,
as is determined by dividing the outstanding Principal Amount being converted by the then applicable Conversion Price and any
accrued but unpaid interest shall be paid in cash. The Company will deliver to the Holder not later than three (3) Trading Days
after the Conversion Date, a certificate or certificates which shall be free of restrictive legends and trading restrictions (assuming
that the Registration Statement has been declared effective), representing the number of shares of Common Stock being acquired
upon the conversion of this Note.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Conversion
Price Adjustments</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Stock
Dividends, Splits and Combinations</I>. If the Company or any of its subsidiaries, at any time while the Note is outstanding (A)
shall pay a stock dividend or otherwise make a distribution or distributions on any equity securities (including instruments or
securities convertible into or exchangeable for such equity securities but excluding any stockholder rights granted pursuant to
a poison pill) in shares of Common Stock, (B) subdivide outstanding Common Stock into a larger number of shares, (C) combine outstanding
Common Stock into a smaller number of shares, or (D) issues new securities by reclassification of the shares of Common Stock of
the Company, then, and in each such case, the Conversion Price in effect immediately prior to such event or the record date therefor,
whichever is earlier, shall be adjusted so that the Holder shall be entitled to receive the number of shares of Common Stock or
other securities of the Company which such Holder would have owned or have been entitled to receive after the occurrence of any
of the events described above, had such Note been surrendered for conversion immediately prior to the occurrence of such event
or record date therefore, whichever is earlier. Any adjustment made pursuant to this Section 5(c) shall become effective (x) in
the case of any such dividend or distribution, immediately after the close of business on the record date for the determination
of holders of shares of Common Stock entitled to receive such dividend or distribution, or (y) in the case of such subdivision,
reclassification or combination, at the close of business on the day upon which such corporate action becomes effective.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Distributions</I>.
If the Company or any of its subsidiaries, at any time while the Note is outstanding, shall distribute to all holders of Common
Stock evidences of its indebtedness or assets or cash or rights or warrants to subscribe for or purchase any security of the Company
or any of its subsidiaries (excluding those referred to in Section 5(c)(i) above), then concurrently with such distributions to
holders of Common Stock, the Company shall distribute to the Holder of this Note the amount of such indebtedness, assets, cash
or rights or warrants which the Holder of this Note would have received had this Note been converted into Common Stock at the then
applicable the Conversion Price immediately prior to the record date for such distribution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Rounding
of Adjustments</I>. All calculations under this Section 5(c) shall be made to the nearest cent or the nearest 1/100th of a share,
as the case may be.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Notice
of Adjustments</I>. Whenever the Conversion Price is adjusted pursuant to this Section 5(c), the Company shall promptly deliver
to the Holder of this Note, a notice setting forth the Conversion Price after such adjustment and setting forth a brief statement
of the facts requiring such adjustment, provided that any failure to so provide such notice shall not affect the automatic adjustment
hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Fundamental
Changes</I>. In case any transaction or event (including, without limitation, any merger, consolidation, combination, recapitalization,
sale of assets, tender or exchange offer, reclassification, compulsory share exchange or liquidation) shall occur in which all
or substantially all outstanding shares of Common Stock are converted into or exchanged or acquired for or constitute the right
to receive stock, or other securities, cash, property or assets (each, &ldquo;<B>Fundamental Change</B>&rdquo;), the Holder of
this Note outstanding immediately prior to the occurrence of such Fundamental Change shall have the right upon any subsequent
conversion to receive the kind and amount of stock, other securities, cash, property or assets that such holder would have received
if such share had been converted immediately prior to such Fundamental Change.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Reservation
and Issuance of Conversion Shares</U>. The Company covenants that it will at all times reserve and keep available out of its authorized
and unissued Common Stock solely for the purpose of issuance upon conversion of this Note, free from preemptive rights or any other
actual contingent purchase rights of persons other than the Holder of this Note, not less than such number of shares of Common
Stock as shall be issuable (taking into account the adjustments under this Section 5) upon the conversion of this Note hereunder
in Common Stock. The Company covenants that all shares of Common Stock that shall be so issuable shall, upon issue, be duly authorized,
validly issued, fully paid, nonassessable and freely tradeable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Fractions</U>. Upon a conversion hereunder the Company shall not be required to issue stock certificates representing fractions
of shares of Common Stock, but may if otherwise permitted, make a cash payment in respect of any final fraction of a share based
on the closing price of a share of Common Stock at such time. If the Company elects not, or is unable, to make such cash payment,
the Holder shall be entitled to receive, in lieu of the final fraction of a share, one whole share of Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Charges,
Taxes and Expenses</U>. Issuance of certificates for shares of Common Stock upon the conversion of this Note (including repayment
in stock) shall be made without charge to the holder hereof for any issue or transfer tax or other incidental expense in respect
of the issuance of such certificate, all of which taxes and expenses shall be paid by the Company, and such certificates shall
be issued in the name of the Holder or in such name or names as may be directed by the Holder; <U>provided</U>, <U>however</U>,
that in the event certificates for shares of Common Stock are to be issued in a name other than the name of the Holder, this Note
when surrendered for conversion shall be accompanied by an assignment form; and <U>provided further</U>, that the Company shall
not be required to pay any tax or taxes which may be payable in respect of any such transfer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Cancellation</U>.
After all of the Principal Amount (including accrued but unpaid interest and default payments at any time owed on this Note) has
been paid in full or converted into Common Stock, this Note shall automatically be deemed canceled and the Holder shall promptly
surrender the Note to the Company at the Company&rsquo;s principal executive offices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in"><B>Section 6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>General.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Payment
of Expenses</U>. The Company agrees to pay all reasonable charges and expenses, including attorneys&rsquo; fees and expenses, which
may be incurred by the Holder in successfully enforcing this Note and/or collecting any amount due under this Note.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Savings
Clause</U>. In case any provision of this Note is held by a court of competent jurisdiction to be excessive in scope or otherwise
invalid or unenforceable, such provision shall be adjusted rather than voided, if possible, so that it is enforceable to the maximum
extent possible, and the validity and enforceability of the remaining provisions of this Note will not in any way be affected or
impaired thereby. In no event shall the amount of interest paid hereunder exceed the maximum rate of interest on the unpaid principal
balance hereof allowable by applicable law. If any sum is collected in excess of the applicable maximum rate, the excess collected
shall be applied to reduce the principal debt. If the interest actually collected hereunder is still in excess of the applicable
maximum rate, the interest rate shall be reduced so as not to exceed the maximum allowable under law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendment</U>.
Neither this Note nor any term hereof may be amended, waived, discharged or terminated other than by a written instrument signed
by the Company and the Holder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Assignment,
etc</U>. The Holder may assign or transfer this Note to any transferee. The Holder shall notify the Company of any such assignment
or transfer promptly. This Note shall be binding upon the Company and its successors and shall inure to the benefit of the Holder
and its successors and permitted assigns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Waiver</U>. No failure on the part of the Holder to exercise, and no delay in exercising any right, remedy or power hereunder shall
operate as a waiver thereof, nor shall any single or partial exercise by the Holder of any right, remedy or power hereunder preclude
any other or future exercise of any other right, remedy or power. Each and every right, remedy or power hereby granted to the Holder
or allowed it by law or other agreement shall be cumulative and not exclusive of any other, and may be exercised by the Holder
from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Governing
Law; Jurisdiction.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Governing
Law</I>. THIS NOTE WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO ANY
CONFLICTS OF LAWS PROVISIONS THEREOF THAT WOULD OTHERWISE REQUIRE THE APPLICATION OF THE LAW OF ANY OTHER JURISDICTION.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Jurisdiction</I>.
The Company irrevocably submits to the jurisdiction of any State or Federal Court sitting in the State of New York, County of
New York, over any suit, action, or proceeding arising out of or relating to this Note. The Company irrevocably waives, to the
fullest extent permitted by law, any objection which it may now or hereafter have to the laying of the venue of any such suit,
action, or proceeding brought in such a court and any claim that suit, action, or proceeding has been brought in an inconvenient
forum.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 88pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company agrees that the service of process upon it mailed by certified or registered mail, postage prepaid and return
receipt requested (and service so made shall be deemed complete three days after the same has been posted as aforesaid) or by
personal service shall be deemed in every respect effective service of process upon it in any such suit or proceeding. Nothing
herein shall affect Holder&rsquo;s right to serve process in any other manner permitted by law. The Company agrees that a final
non-appealable judgment in any such suit or proceeding shall be conclusive and may be enforced in other jurisdictions by suit
on such judgment or in any other lawful manner.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>NO
JURY TRIAL</I>. THE COMPANY HEREBY KNOWINGLY AND VOLUNTARILY WAIVES ANY AND ALL RIGHTS IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT
TO ANY LITIGATION BASED ON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS NOTE.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Replacement
Notes</U>. This Note may be exchanged by Holder at any time and from time to time for a Note or Notes with different denominations
representing an equal aggregate outstanding Principal Amount, as reasonably requested by Holder, upon surrendering the same. No
service charge will be made for such registration or exchange. In the event that Holder notifies the Company that this Note has
been lost, stolen or destroyed, a replacement Note identical in all respects to the original Note (except for registration number
and Principal Amount, if different than that shown on the original Note), shall be issued to the Holder, provided that the Holder
executes and delivers to the Company an agreement reasonably satisfactory to the Company to indemnify the Company from any loss
incurred by it in connection with the Note.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notices
Procedures</U>. Any and all notices or other communications or deliveries to be provided by the Holder hereunder, shall be in writing
and delivered personally, by confirmed facsimile, or by a nationally recognized overnight courier service to the Company at the
facsimile telephone number or address of the principal place of business of the Company as set forth in the Purchase Agreement.
Any and all notices or other communications or deliveries to be provided by the Company hereunder shall be in writing and delivered
personally, by facsimile, or by a nationally recognized overnight courier service addressed to the Holder at the facsimile telephone
number or address of the Holder appearing on the books of the Company, or if no such facsimile telephone number or address appears,
at the principal place of business of the Holder. Any notice or other communication or deliveries hereunder shall be deemed delivered
(i) upon receipt, when delivered personally, (ii) when sent by facsimile, upon receipt if received on a Business Day prior to 5:00
p.m. (Eastern Time), or on the first Business Day following such receipt if received on a Business Day after 5:00 p.m. (Eastern
Time) or (iii) upon receipt, when deposited with a nationally recognized overnight courier service.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>IN WITNESS WHEREOF</B>,
the Company has caused this Note to be duly executed on the date first set forth above.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD COLSPAN="3"><B>AMERI HOLDINGS, INC.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD>By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 7%">Name:</TD>
    <TD STYLE="width: 36%">Giri Devanur</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>President and Chief Executive Officer</TD></TR>
</TABLE>


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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">(To be executed by the Holder<BR>
in order to convert a Note)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The undersigned hereby elects to convert
the outstanding Principal Amount (as defined in the Note) indicated below of this Note into shares of Common Stock, par value $0.01
per share (the &ldquo;Common Stock&rdquo;), of AMERI HOLDINGS, INC. (the &ldquo;Company&rdquo;) according to the conditions hereof,
as of the date written below. If shares are to be issued in the name of a person other than the undersigned, the undersigned will
pay all transfer taxes payable with respect thereto and is delivering herewith such certificates and opinions as reasonably requested
by the Company in accordance therewith. No fee will be charged to the holder for any conversion, except for such transfer taxes,
if any.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 40%">Conversion information:</TD>
    <TD STYLE="width: 60%; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Date to Effect Conversion</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Aggregate Principal Amount of Note Being Converted</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Number of shares of Common Stock to be Issued</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Applicable Conversion Price</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Signature</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Name</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Address</TD></TR>
</TABLE>
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<P STYLE="margin: 0; text-align: right">Exhibit 10.3</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>REGISTRATION
RIGHTS AGREEMENT</B> (this &ldquo;<B>Agreement</B>&rdquo;) dated as of March , 2017, between <B>Ameri Holdings, Inc.</B>, a Delaware
corporation (the &ldquo;<B>Company</B>&rdquo;), and <B>[NAME]</B> (the &ldquo;<B>Purchaser</B>&rdquo;).</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><U>W I T N E S S E T H</U>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>,
the Company and the Purchaser have entered into a Securities Purchase Agreement of even date herewith (the &ldquo;<B>Purchase Agreement</B>&rdquo;)
pursuant to which, among other things, the Company has on or about the date hereof issued an 8% Convertible Unsecured Promissory
Note due March , 2020 (the &ldquo;<B>Note</B>&rdquo;), which is convertible into shares (the &ldquo;<B>Conversion Shares</B>&rdquo;)
of the Company&rsquo;s Common Stock, par value $0.01 per share (&ldquo;<B>Common Stock</B>&rdquo;), subject to the terms and conditions
set forth therein;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE</B>,
in consideration of the mutual promises, representations, warranties, covenants and conditions set forth in the Purchase Agreement
and this Agreement, the Company and the Purchaser agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: 9999999,serif">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Certain
Definitions</U>. Capitalized terms used herein and not otherwise defined shall have the meaning ascribed thereto in the Purchase
Agreement or the Note. As used in this Agreement, the following terms shall have the following respective meanings:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<B>Closing</B>&rdquo;
and &ldquo;<B>Closing Date</B>&rdquo; shall have the meanings ascribed to such terms in the Purchase Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<B>Commission</B>&rdquo;
or &ldquo;<B>SEC</B>&rdquo; shall mean the U.S. Securities and Exchange Commission or any other federal agency at the time administering
the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<B>Holder</B>&rdquo;
and &ldquo;<B>Holders</B>&rdquo; shall include the Purchaser and any permitted transferee or transferees of Registrable Securities
(as defined below) and/or the Note which have not been sold to the public to whom the registration rights conferred by this Agreement
have been transferred in compliance with this Agreement and the Purchase Agreement; provided that neither such person nor any affiliate
of such person is registered as a broker or dealer under Section 15(a) of the Securities Exchange Act of 1934, as amended, or a
member of the Financial Industry Regulatory Authority.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The terms &ldquo;<B>register,</B>&rdquo;
&ldquo;<B>registered</B>&rdquo; and &ldquo;<B>registration</B>&rdquo; shall refer to a registration effected by preparing and filing
a registration statement in compliance with the Securities Act and applicable rules and regulations thereunder, and the declaration
or ordering of the effectiveness of such registration statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<B>Registrable
Securities</B>&rdquo; shall mean: (i) the Conversion Shares or other securities issued or issuable to each Holder or its permitted
transferee or designee (a) upon the conversion of the Note, or (b) upon any distribution with respect to, any exchange for or any
replacement of such Note, or (c) upon any conversion, exercise or exchange of any securities issued in connection with any such
distribution, exchange or replacement; (ii) securities issued or issuable upon any stock split, stock dividend, recapitalization
or similar event with respect to the foregoing; and (iii) any other security issued as a dividend or other distribution with respect
to, in exchange, for or in replacement of the securities referred to in the preceding clauses; provided that all such shares shall
cease to be Registrable Securities at such time as they have been sold under a Registration Statement or pursuant to Rule 144 under
the Securities Act or otherwise or at such time as they are eligible to be sold without the need for current public information
or other restriction by the Purchaser pursuant to Rule 144.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<B>Registration
Expenses</B>&rdquo; shall mean all expenses to be incurred by the Company in connection with each Holder&rsquo;s registration rights
under this Agreement, including, without limitation, all registration and filing fees, printing expenses, fees and disbursements
of counsel for the Company, blue sky fees and expenses, and the expense of any special audits incident to or required by any such
registration (but excluding the compensation of regular employees of the Company, which shall be paid in any event by the Company).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<B>Registration
Statement</B>&rdquo; shall mean the Piggyback Registration Statement described in Section 2(a) herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<B>Regulation
D</B>&rdquo; shall mean Regulation D as promulgated pursuant to the Securities Act, and as subsequently amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<B>Securities
Act</B>&rdquo; shall mean the Securities Act of 1933, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<B>Selling
Expenses</B>&rdquo; shall mean all underwriting discounts and selling commissions applicable to the sale of Registrable Securities
and all fees and disbursements of counsel for the Holder not included within &ldquo;<B>Registration Expenses</B>&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: 9999999,serif">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Piggyback
Registration Requirements</U>. The Company shall use its commercially reasonable efforts to effect the piggyback registration of
the Registrable Securities (including, without limitation, the execution of an undertaking to file post-effective amendments, appropriate
qualification under applicable blue sky or other state securities laws and appropriate compliance with applicable regulations issued
under the Securities Act) as would permit or facilitate the sale or distribution of all the Registrable Securities in the manner
(including manner of sale) and in all states reasonably requested by the Holder in accordance with the following:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in; text-align: justify"><FONT STYLE="font-family: 9999999,serif">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>If
at any time after the Closing Date the Company proposes to register the offer and sale of any shares of its Common Stock under
the Securities Act (other than a registration (A) in connection with an uplisting of the Company&rsquo;s Common Stock to a national
stock exchange, (B) pursuant to a registration statement on Form S-8 (or other registration solely relating to an offering or
sale to employees or directors of the Company pursuant to any employee stock plan or other employee benefit arrangement), (C)
pursuant to a registration statement on Form S-4 (or similar form that relates to a transaction subject to Rule 145 under the
Securities Act or any successor rule thereto), or (D) in connection with any dividend or distribution reinvestment or similar
plan), whether for its own account or for the account of one or more stockholders of the Company and the form of Registration
Statement (a &ldquo;<B>Piggyback Registration Statement</B>&rdquo;) to be used may be used for any registration of securities
of the Company, the Company shall give prompt written notice (in any event no later than 15 days prior to the filing of such registration
statement) to the holder of the Registrable Securities of its intention to effect such a registration and, shall include in such
Registration Statement all Registrable Securities with respect to which the Company has received written requests for inclusion
from the holders of Registrable Securities within 10 days after the Company&rsquo;s notice has been given to each such holder.
The Company may postpone or withdraw the filing or the effectiveness of a Piggyback Registration Statement at any time in its
sole discretion. Each holder of Registrable Securities shall furnish to the Company or the underwriter(s) (if any) in respect
of the offering pursuant to the subject Registration Statement, as applicable, such information regarding the Holder and the distribution
proposed by it as the Company may reasonably request in connection with any registration or offering referred to in this Section.
Each holder of Registrable Securities shall cooperate as reasonably requested by the Company in connection with the preparation
of the Registration Statement with respect to such registration, and for so long as the Company is obligated to file and keep
effective such Registration Statement, shall provide to the Company, in writing, for use in the Registration Statement, all such
information regarding the holder of Registrable Securities of and its plan of distribution of shares of Common Stock included
in such Registration Statement as may be reasonably necessary to enable the Company to prepare such Registration Statement, to
maintain the currency and effectiveness thereof and otherwise to comply with all applicable requirements of law in connection
therewith. Notwithstanding anything to the contrary in this Section, if a piggyback registration is initiated as a primary underwritten
offering on behalf of the Company and the managing underwriter advises the Company and the holders of Registrable Securities (if
any holders of Registrable Securities have elected to include Registrable Securities in such piggyback registration) in writing
that in its reasonable and good faith opinion the number of shares of Common Stock proposed to be included in such registration
or takedown, including all Registrable Securities and all other shares of Common Stock proposed to be included in such underwritten
offering, exceeds the number of shares of Common Stock which can be sold in such offering and/or that the number of shares of
Common Stock proposed to be included in any such registration would adversely affect the price per share of the Common Stock to
be sold in such offering, the Company shall include in such registration or takedown (i) first, the shares of Common Stock that
the Company proposes to sell; (ii) second, the shares of Common Stock requested to be included therein by holders of Registrable
Securities, allocated pro rata among all such holders on the basis of the number of Registrable Securities owned by each such
holder or in such manner as they may otherwise agree; and (iii) third, the shares of Common Stock requested to be included therein
by holders of Common Stock other than holders of Registrable Securities, allocated among such holders in such manner as they may
agree.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in; text-align: justify"><FONT STYLE="font-family: 9999999,serif">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The
Company&rsquo;s commercially reasonable efforts to effect the piggyback registration of the Registrable Securities shall include,
without limitation, the following:</P>

<P STYLE="font: 10pt 9999999; margin: 0 0 12pt; text-align: justify; text-indent: 1in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cause
such Registration Statement and other filings to be declared effective as soon as commercially reasonably possible.</P>

<P STYLE="font: 10pt 9999999; margin: 0 0 12pt; text-align: justify; text-indent: 1in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepare
and file with the SEC such amendments and supplements to such Registration Statement and the prospectus used in connection with
such Registration Statement as may be necessary to comply with the provisions of the Act with respect to the disposition of all
securities covered by such Registration Statement and notify the Holders of the filing and effectiveness of such Registration Statement
and any amendments or supplements.</P>

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<P STYLE="font: 10pt 9999999; margin: 0 0 12pt; text-align: justify; text-indent: 1in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Furnish
to each Holder that has Registrable Securities included in the Registration Statement such numbers of copies of a current prospectus
conforming with the requirements of the Act, copies of the Registration Statement, any amendment or supplement thereto and any
documents incorporated by reference therein and such other documents as such Holder may reasonably require in order to facilitate
the disposition of Registrable Securities owned by such Holder.</P>

<P STYLE="font: 10pt 9999999; margin: 0 0 12pt; text-align: justify; text-indent: 1in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Register
and qualify the securities covered by such Registration Statement under the securities or &ldquo;Blue Sky&rdquo; laws of all domestic
jurisdictions; provided that the Company shall not be required in connection therewith or as a condition thereto to qualify to
do business or to file a general consent to service of process in any such states or jurisdictions.</P>

<P STYLE="font: 10pt 9999999; margin: 0 0 12pt; text-align: justify; text-indent: 1in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notify
promptly each Holder that has Registrable Securities included in the Registration Statement of the happening of any event (but
not the substance or details of any such event) of which the Company has knowledge as a result of which the prospectus (including
any supplements thereto or thereof) included in such Registration Statement, as then in effect, includes an untrue statement of
material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading
in light of the circumstances then existing (each an &ldquo;<B>Event</B>&rdquo;), and use its best efforts to promptly update and/or
correct such prospectus. Each Holder will hold in confidence and will not make any disclosure of any such Event and any related
information disclosed by the Company.</P>

<P STYLE="font: 10pt 9999999; margin: 0 0 12pt; text-align: justify; text-indent: 1in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notify
each Holder of the issuance by the SEC or any state securities commission or agency of any stop order suspending the effectiveness
of the Registration Statement or the threat or initiation of any proceedings for that purpose. The Company shall use its best efforts
to prevent the issuance of any stop order and, if any stop order is issued, to obtain the lifting thereof at the earliest possible
time.</P>

<P STYLE="font: 10pt 9999999; margin: 0 0 12pt; text-align: justify; text-indent: 1in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;List
the Registrable Securities covered by such Registration Statement with all securities exchange(s) and/or markets on which the Common
Stock is then listed and prepare and file any required filings with the Nasdaq Stock Market or any other exchange or market where
the shares of Common Stock are traded.</P>

<P STYLE="font: 10pt 9999999; margin: 0 0 12pt; text-align: justify; text-indent: 1in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Take
all steps reasonably necessary to enable Holders to avail themselves of the prospectus delivery mechanism set forth in Rule 153
(or successor thereto) under the Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: 9999999,serif">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Notwithstanding
the obligations under Section 2(b)(v) or any provision of this Agreement, if (i) in the good faith judgment of the Company, following
consultation with legal counsel, it would be detrimental to the Company and its stockholders for resales of Registrable Securities
to be made pursuant to the Registration Statement due to the existence of a material development or potential material development
involving the Company that the Company would be obligated to disclose in the Registration Statement, which disclosure would be
premature or otherwise inadvisable at such time or would have a material adverse effect upon the Company and its stockholders,
or (ii) in the good faith judgment of the Company, it would adversely affect or require premature disclosure of the filing of a
Company-initiated registration of any class of its equity securities, then the Company will have the right to suspend the use of
the Registration Statement for a period of not more than 90 consecutive calendar days, but only if the Company reasonably concludes,
after consultation with outside legal counsel, that the failure to suspend the use of the Registration Statement as such would
create a risk of a material liability or violation under applicable securities laws or regulations.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: 9999999,serif">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>During
the registration period, the Company will make available, upon reasonable advance notice during normal business hours, for inspection
by any Holder whose Registrable Securities are being sold pursuant to a Registration Statement, all pertinent financial and other
records, pertinent corporate documents and properties of the Company (collectively, the &ldquo;<B>Records</B>&rdquo;) as reasonably
necessary to enable each such Holder to exercise its due diligence responsibility in connection with or related to the contemplated
offering. The Company will cause its officers, directors and employees to supply all information that any Holder may reasonably
request for purposes of performing such due diligence.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: 9999999,serif">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Each
Holder will hold in confidence, use only in connection with the contemplated offering and not make any disclosure of all Records
and other information that the Company determines in good faith to be confidential, and of which determination the Holders are
so notified, unless (i) the disclosure of such Records is necessary to avoid or correct a misstatement or omission in any Registration
Statement, (ii) the release of such Records is ordered pursuant to a subpoena or other order from a court or government body of
competent jurisdiction, (iii) the information in such Records has been made generally available to the public other than by disclosure
in violation of this or any other agreement (to the knowledge of the relevant Holder), (iv) the Records or other information was
developed independently by the Holder without breach of this Agreement, (v) the information was known to the Holder before receipt
of such information from the Company, or (vi) the information was disclosed to the Holder by a third party not under an obligation
of confidentiality. However, a Holder may make disclosure of such Records and other information to any attorney, adviser, or other
third party retained by it that needs to know the information as determined in good faith by the Holder (the &ldquo;<B>Holder Representative</B>&rdquo;),
if the Holder advises the Holder Representative of the confidentiality provisions of this Section 2(e), but the Holder will be
liable for any act or omission of any of its Holder Representatives relative to such information as if the act or omission was
that of the Holder. The Company is not required to disclose any confidential information in the Records to any Holder unless and
until such Holder has entered into a confidentiality agreement (in form and substance satisfactory to the Company) with the Company
with respect thereto, substantially to the effect of this Section 2(e). Unless legally prohibited from so doing, each Holder will,
upon learning that disclosure of Records containing confidential information is sought in or by a court or governmental body of
competent jurisdiction or through other means, give prompt notice to the Company and allow the Company, at the Company&rsquo;s
expense, to undertake appropriate action to prevent disclosure of, or to obtain a protective order for, the Records deemed confidential.
Nothing herein will be deemed to limit the Holder&rsquo;s ability to sell Registrable Securities in a manner that is otherwise
consistent with applicable laws and regulations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: 9999999,serif">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The
Company shall file a Registration Statement with respect to any newly authorized and/or reserved Registrable Securities consisting
of Conversion Shares described in clause (i) of the definition of Registrable Securities within ten (10) business days of any stockholders&rsquo;
meeting authorizing same and shall use its best efforts to cause such Registration Statement to become effective within ninety
(90) days of such stockholders&rsquo; meeting. If the Holders become entitled, pursuant to an event described in clause (ii) and
(iii) of the definition of Registrable Securities, to receive any securities in respect of Registrable Securities that were already
included in a Registration Statement, subsequent to the date such Registration Statement is declared effective, and the Company
is unable under the securities laws to add such securities to the then effective Registration Statement, the Company shall promptly
file, in accordance with the procedures set forth herein, an additional Registration Statement with respect to such newly Registrable
Securities. The Company shall use its best efforts to (i) cause any such additional Registration Statement, when filed, to become
effective within 30 days of that date that the need to file the Registration Statement arose. All of the registration rights and
remedies under this Agreement shall apply to the registration of such newly reserved shares and such new Registrable Securities.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: 9999999,serif">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Expenses
of Registration</U>. All Registration Expenses in connection with any registration, qualification or compliance with registration
pursuant to this Agreement shall be borne by the Company, and all Selling Expenses of a Holder shall be borne by such Holder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: 9999999,serif">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Registration
on Form S-3</U>. The Company shall use its reasonable best efforts to meet the &ldquo;registrant eligibility&rdquo; requirements
for a secondary offering set forth in the general instructions to Form S-3 or any comparable or successor form or forms, or in
the event that the Company is ineligible to use such form, such form as the Company is eligible to use under the Securities Act,
provided that if such other form is used, the Company shall convert such other form to a Form S-3 as soon as the Company becomes
so eligible.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: 9999999,serif">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Registration
Period</U>. In the case of the registration effected by the Company pursuant to this Agreement, the Company shall keep such registration
effective until the later of (a) the date on which all the Holders have completed the sales or distribution described in the Registration
Statement relating thereto or, if earlier until such Registrable Securities may be sold by the Holders under Rule 144 (provided
that the Company&rsquo;s transfer agent has accepted an instruction from the Company to such effect) or (b) the third (3rd) anniversary
of the Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in"><FONT STYLE="font-family: 9999999,serif">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Indemnification.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: 9999999,serif">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Company
Indemnity</U>. The Company will indemnify each Holder, each of its officers, directors, agents and partners, and each person controlling
each of the foregoing, within the meaning of Section 15 of the Securities Act and the rules and regulations thereunder with respect
to which registration, qualification or compliance has been effected pursuant to this Agreement, and each underwriter, if any,
and each person who controls, within the meaning of Section 15 of the Securities Act and the rules and regulations thereunder,
any underwriter, against all claims, losses, damages and liabilities (or actions in respect thereof) arising out of or based on
any untrue statement (or alleged untrue statement) of a material fact contained in any final prospectus (as amended or supplemented
if the Company files any amendment or supplement thereto with the SEC), Registration Statement filed pursuant to this Agreement
or any post-effective amendment thereof or based on any omission (or alleged omission) to state therein a material fact required
to be stated therein or necessary to make the statements therein not misleading in light of the circumstances under which they
were made, or any violation by the Company of the Securities Act or any state securities law or in either case, any rule or regulation
thereunder applicable to the Company and relating to action or inaction required of the Company in connection with any such registration,
qualification or compliance, and will reimburse each Holder, each of its officers, directors, agents and partners, and each person
controlling each of the foregoing, for any reasonable legal fees of a single counsel and any other expenses reasonably incurred
in connection with investigating and defending any such claim, loss, damage, liability or action, provided that the Company will
not be liable in any such case to a Holder to the extent that any such claim, loss, damage, liability or expense arises out of
or is based on (i) any untrue statement or omission based upon written information furnished to the Company by such Holder or underwriter
(if any) therefor and stated to be specifically for use therein, (ii) any failure by any Holder to comply with prospectus delivery
requirements or the Securities Act or Exchange Act or any other law or legal requirement applicable to them or any covenant or
agreement contained in the Purchase Agreement or this Agreement or (iii) an offer of sale of Conversion Shares occurring during
a period in which sales under the Registration Statement are suspended as permitted by this Agreement. The indemnity agreement
contained in this Section 6(a) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action
if such settlement is effected without the consent of the Company (which consent will not be unreasonably withheld).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: 9999999,serif">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Holder
Indemnity</U>. Each Holder will, severally but not jointly, if Registrable Securities held by it are included in the securities
as to which such registration, qualification or compliance is being effected, indemnify the Company, each of its directors, officers,
agents and partners, and any other stockholder selling securities pursuant to the Registration Statement and any of its directors,
officers, agents, partners, and any person who controls such stockholder within the meaning of the Securities Act or Exchange Act
and each underwriter, if any, of the Company&rsquo;s securities covered by such a Registration Statement, each person who controls
the Company or such underwriter within the meaning of Section 15 of the Securities Act and the rules and regulations thereunder,
each other Holder (if any), and each of their officers, directors and partners, and each person controlling such other Holder(s)
against all claims, losses, damages and liabilities (or actions in respect thereof) arising out of or based on (i) any untrue statement
(or alleged untrue statement) of a material fact contained in any such final prospectus (as amended or supplemented if the Company
files any amendment or supplement thereto with the SEC), Registration Statement filed pursuant to this Agreement or any post- effective
amendment thereof or based on any omission (or alleged omission) to state therein a material fact required to be stated therein
or necessary to make the statement therein not misleading in light of the circumstances under which they were made or (ii) failure
by any Holder to comply with prospectus delivery requirements or the Securities Act, Exchange Act or any other law or legal requirement
applicable to them or any covenant or agreement contained in the Purchase Agreement or this Agreement, and will reimburse the Company
and such other Holder(s) and their directors, officers and partners, underwriters or control persons for any reasonable legal fees
or any other expenses reasonably incurred in connection with investigating and defending any such claim, loss, damage, liability
or action, in each case to the extent, but only to the extent, that such untrue statement (or alleged untrue statement) or omission
(or alleged omission) is made in such final prospectus (as amended or supplemented if the Company files any amendment or supplement
thereto with the SEC), Registration Statement filed pursuant to this Agreement or any post-effective amendment thereof in reliance
upon and in conformity with written information furnished to the Company by such Holder and stated to be specifically for use therein,
and provided that the maximum amount for which such Holder shall be liable under this indemnity shall not exceed the net proceeds
received by the Holders from the sale of the Registrable Securities pursuant to the registration statement in question. The indemnity
agreement contained in this Section 6(b) shall not apply to amounts paid in settlement of any such claims, losses, damages or liabilities
if such settlement is effected without the consent of such Holder (which consent shall not be unreasonably withheld).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: 9999999,serif">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Procedure</U>.
Each party entitled to indemnification under this Section 6 (the &ldquo;<B>Indemnified Party</B>&rdquo;) shall give notice to the
party required to provide indemnification (the &ldquo;<B>Indemnifying Party</B>&rdquo;) promptly after such Indemnified Party has
actual knowledge of any claim as to which indemnity may be sought, and shall permit the Indemnifying Party to assume the defense
of any such claim in any litigation resulting therefrom, provided that counsel for the Indemnifying Party, who shall conduct the
defense of such claim or any litigation resulting therefrom, shall be approved by the Indemnified Party (whose approval shall not
be unreasonably withheld), and the Indemnified Party may participate in such defense at its own expense, and provided further that
the failure of any Indemnified Party to give notice as provided herein shall not relieve the Indemnifying Party of its obligations
under this Section 6 except to the extent that the Indemnifying Party is materially and adversely affected by such failure to provide
notice. No Indemnifying Party, in the defense of any such claim or litigation, shall, except with the consent of each Indemnified
Party, consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the
giving by the claimant or plaintiff to such Indemnified Party of a release from all liability in respect to such claim or litigation.
Each Indemnified Party shall furnish such non-privileged information regarding itself or the claim in question as an Indemnifying
Party may reasonably request in writing and as shall be reasonably required in connection with the defense of such claim and litigation
resulting therefrom.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: 9999999,serif">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Contribution</U>.
If the indemnification provided for in Section 6 herein is unavailable to the Indemnified Parties in respect of any losses, claims,
damages or liabilities referred to herein (other than by reason of the exceptions provided therein), then each such Indemnifying
Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified Party
as a result of such losses, claims, damages or liabilities as between the Company on the one hand and any Holder(s) on the other,
in such proportion as is appropriate to reflect the relative fault of the Company and of such Holder(s) in connection with the
statements or omissions which resulted in such losses, claims, damages or liabilities, as well as any other relevant equitable
considerations. The relative fault of the Company on the one hand and of any Holder(s) on the other shall be determined by reference
to, among other things, whether the untrue or alleged untrue statement of a material fact or omission or alleged omission to state
a material fact relates to information supplied by the Company or by such Holder(s).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">In no event shall
the obligation of any Indemnifying Party to contribute under this Section 7 exceed the amount that such Indemnifying Party would
have been obligated to pay by way of indemnification if the indemnification provided for under Section 6(a) or 6(b) hereof had
been available under the circumstances.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Company and
the Holders agree that it would not be just and equitable if contribution pursuant to this Section 7 were determined by pro rata
allocation (even if the Holders were treated as one entity for such purpose) or by any other method of allocation which does not
take account of the equitable considerations referred to in the immediately preceding paragraphs. The amount paid or payable by
an Indemnified Party as a result of the losses, claims, damages and liabilities referred to in the immediately preceding paragraphs
shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such
Indemnified Party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this
Section, no Holder shall be required to contribute any amount in excess of the amount equal to the net proceeds received by such
Holder from the sale of Registrable Securities pursuant to the registration statement in question. No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person
who was not guilty of such fraudulent misrepresentation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: 9999999,serif">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Survival</U>.
The indemnity and contribution agreements contained in Sections 6 and 7 shall remain operative and in full force and effect regardless
of (i) any termination of this Agreement or the Purchase Agreement, and (ii) the consummation of the sale or successive resales
of the Registrable Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: 9999999,serif">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Information
by Holders</U>. As a condition to the obligations of the Company to complete any registration pursuant to this Agreement with respect
to the Registrable Securities of each Holder, such Holder will furnish to the Company such information regarding itself, the Registrable
Securities held by it and the intended methods of disposition of the Registrable Securities held by it as is reasonably required
by the Company to effect the registration of the Registrable Securities. At least ten business days prior to the first anticipated
filing date of a Registration Statement for any registration under this Agreement, the Company will notify each Holder of the information
the Company requires from that Holder whether or not such Holder has elected to have any of its Registrable Securities included
in the Registration Statement. If the Company has not received the requested information from a Holder by the business day prior
to the anticipated filing date, then the Company may file the Registration Statement without including Registrable Securities of
that Holder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: 9999999,serif">10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Further
Assurances</U>. Each Holder will cooperate with the Company, as reasonably requested by the Company, in connection with the preparation
and filing of any Registration Statement hereunder, unless such Holder has notified the Company in writing of such Holder&rsquo;s
irrevocable election to exclude all of such Holder&rsquo;s Registrable Securities from such Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: 9999999,serif">11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Suspension
of Sales</U>. Upon receipt of any notice from the Company under Section 2(b)(v) or 2(c), each Holder will immediately discontinue
disposition of Registrable Securities pursuant to the Registration Statement covering such Registrable Securities until (i) it
receives copies of a supplemented or amended prospectus contemplated by Sections 2(b)(v) or (ii) the Company advises the Holder
that a suspension of sales under Section 2(c) has terminated. If so directed by the Company, each Holder will deliver to the Company
(at the expense of the Company) or destroy all copies in the Holder&rsquo;s possession (other than a limited number of file copies)
of the prospectus covering such Registrable Securities that is current at the time of receipt of such notice.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: 9999999,serif">12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Replacement
Certificates</U>. The certificate(s) representing the Registrable Securities held by the Purchaser (or then Holder) may be exchanged
by the Purchaser (or such Holder) at any time and from time to time for certificates with different denominations representing
an equal aggregate number of shares of Common Stock, as reasonably requested by such Purchaser (or such Holder) upon surrendering
the same. No service charge will be made for such registration or transfer or exchange. Upon receipt by the Company of evidence
reasonably satisfactory to it of the loss, theft, destruction or mutilation of the Note or certificates for the underlying shares
of Common Stock of any of the foregoing, and, in the case of loss, theft or destruction, of indemnity reasonably satisfactory to
it, or upon surrender and cancellation of such certificate if mutilated, the Company will make and deliver a new Note or certificate
of like tenor and dated as of such cancellation at no charge to the holder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: 9999999,serif">13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Transfer
or Assignment</U>. Except as otherwise provided herein, this Agreement shall be binding upon and inure to the benefit of the parties
and their successors and permitted assigns. The rights granted to the Purchaser by the Company under this Agreement to cause the
Company to register Registrable Securities may be transferred or assigned (in whole or in part) to a transferee or assignee of
the Note or Registrable Securities, and all other rights granted to the Purchaser by the Company hereunder may be transferred or
assigned to any transferee or assignee of the Note or Registrable Securities; provided in each case that (i) the Company is given
written notice by the Purchaser at the time of or within a reasonable time after such transfer or assignment, stating the name
and address of said transferee or assignee and identifying the securities with respect to which such registration rights are being
transferred or assigned; and provided further that the transferee or assignee of such rights agrees in writing to be bound by the
registration provisions of this Agreement, (ii) such transfer or assignment is not made under the Registration Statement or Rule
144, (iii) such transfer is made according to the applicable requirements of the Purchase Agreement, and (iv) the transferee has
provided to the Company an investor questionnaire (or equivalent document) evidencing that the transferee is a &ldquo;qualified
institutional buyer&rdquo; or an &ldquo;accredited investor&rdquo; defined in Rule 501(a)(1),(2),(3), or (7) of Regulation D.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: 9999999,serif">14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Miscellaneous.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: 9999999,serif">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Remedies</U>.
The Company and the Purchaser acknowledge and agree that irreparable damage would occur in the event that any of the provisions
of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed
that the parties shall be entitled to an injunction or injunctions to prevent or cure breaches of the provisions of this Agreement
and to enforce specifically the terms and provisions hereof, this being in addition to any other remedy to which any of them may
be entitled by law or equity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: 9999999,serif">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Jurisdiction</U>.
Each of the Company and the Purchaser (i) hereby irrevocably submits to the exclusive jurisdiction of the United States District
Court, the New York state courts and other courts of the United States sitting in New York, New York for the purposes of any suit,
action or proceeding arising out of or relating to this Agreement and (ii) hereby waives, and agrees not to assert in any such
suit action or proceeding, any claim that it is not personally subject to the jurisdiction of such court, that the suit, action
or proceeding is brought in an inconvenient forum or that the venue of the suit, action or proceeding is improper. The Company
and the Purchaser consent to process being served in any such suit, action or proceeding by mailing a copy thereof to such party
at the address in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient
service of process and notice thereof. Nothing in this paragraph shall affect or limit any right to serve process in any other
manner permitted by law.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: 9999999,serif">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Notices</U>.
Any notice or other communication required or permitted to be given hereunder shall be in writing by personal delivery, nationally
recognized overnight carrier or email, and shall be effective upon receipt of such notice. The addresses for such communications
shall be:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in">to the Company:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in">Ameri Holdings, Inc.<BR>
100 Canal Pointe Blvd., Suite 108<BR>
Princeton, New Jersey 08540<BR>
Telephone: (732) 243-9250<BR>
Fax: (732) 243-9254<BR>
Attention: Mr. Giri Devanur, President and Chief Executive Officer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in">If to the Purchaser:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">[NAME]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">[ADDRESS]</P>

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

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

<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">Any party hereto may from time to time
change its address for notices by giving at least five days&rsquo; written notice of such changed address to the other parties
hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: 9999999,serif">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Waivers</U>.
No waiver by any party of any default with respect to any provision, condition or requirement of this Agreement shall be deemed
to be a continuing waiver in the future or a waiver of any other provision, condition or requirement hereof, nor shall any delay
or omission of any party to exercise any right hereunder in any manner impair the exercise of any such right accruing to it thereafter.
The representations and warranties and the agreements and covenants of the Company and each Purchaser contained herein shall survive
the Closing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: 9999999,serif">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Execution
in Counterpart</U>. This Agreement may be executed in two or more counterparts, all of which shall be considered one and the same
agreement, it being understood that all parties need not sign the same counterpart.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: 9999999,serif">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Signatures</U>.
Facsimile signatures shall be valid and binding on each party submitting the same.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: 9999999,serif">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Entire
Agreement: Amendment</U>. This Agreement, together with the Purchase Agreement, the Note, and the agreements and documents contemplated
hereby and thereby, contains the entire understanding and agreement of the parties, and may not be amended, modified or terminated
except by a written agreement signed by the Company and the Holder of the Registrable Securities seeking registration of such securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: 9999999,serif">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Governing
Law</U>. This Agreement and the validity and performance of the terms hereof shall be governed by and construed in accordance with
the laws of the State of New York applicable to contracts executed and to be performed entirely within such state, except to the
extent that the law of the State of Delaware regulates the Company&rsquo;s issuance of securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: 9999999,serif">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Jury
Trial</U>. EACH PARTY HERETO WAIVES THE RIGHT TO A TRIAL BY JURY.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: 9999999,serif">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Force
Majeure</U>. The Company shall not be deemed in breach of its commitments under this Agreement and no payments by the Company as
set forth in Section 2 shall be required if the Company is unable to fulfill its obligations hereunder in a timely fashion if the
SEC or the Nasdaq Stock Market are closed or operating on a limited basis as a result of the occurrence of a Force Majeure. As
used herein, &ldquo;<B>Force Majeure</B>&rdquo; means war or armed hostilities or other national or international calamity, or
one or more acts of terrorism, which are having a material adverse effect on the financial markets in the United States. Furthermore,
any payments owed as a result of Section 2 shall not accrue during any period during which the Company&rsquo;s performance hereunder
has been delayed or the Company&rsquo;s ability to fulfill its obligations hereunder has been impaired by a Force Majeure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: 9999999,serif">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Titles</U>.
The titles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this
Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: 9999999,serif">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>No
Strict Construction</U>. The language used in this Agreement will be deemed to be the language chosen by the parties to express
their mutual intent, and no rule of strict construction will be applied against any party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in">[Signature Page Follows]</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>IN WITNESS WHEREOF</B>,
the parties hereto have caused this Agreement to be duly executed as of the date first above written.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2"><B>COMPANY:</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>AMERI HOLDINGS, INC.</B><BR>
<BR></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
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    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
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    <TD STYLE="width: 51%">&nbsp;</TD>
    <TD STYLE="width: 5%">By:</TD>
    <TD STYLE="width: 44%; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Name: Giri Devanur</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Title: President and Chief Executive Officer</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>PURCHASER:</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
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    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
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    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>[NAME]</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">&nbsp;</P>



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