<SEC-DOCUMENT>0000921895-18-002453.txt : 20180822
<SEC-HEADER>0000921895-18-002453.hdr.sgml : 20180822
<ACCEPTANCE-DATETIME>20180822164423
ACCESSION NUMBER:		0000921895-18-002453
CONFORMED SUBMISSION TYPE:	DEF 14A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20180810
FILED AS OF DATE:		20180822
DATE AS OF CHANGE:		20180822
EFFECTIVENESS DATE:		20180822

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:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38286
		FILM NUMBER:		181032894

	BUSINESS ADDRESS:	
		STREET 1:		5000 RESEARCH COURT, SUITE 750
		CITY:			SUWANEE
		STATE:			GA
		ZIP:			30024
		BUSINESS PHONE:		770-935-4152

	MAIL ADDRESS:	
		STREET 1:		5000 RESEARCH COURT, SUITE 750
		CITY:			SUWANEE
		STATE:			GA
		ZIP:			30024

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SPATIALIZER AUDIO LABORATORIES INC
		DATE OF NAME CHANGE:	19950323
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>def14a10211023_08222018.htm
<TEXT>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>UNITED
STATES</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Washington,
D.C. 20549</B></FONT></P>

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

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SCHEDULE
14A</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Rule
14a-101)</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">SCHEDULE 14A INFORMATION</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">Proxy Statement Pursuant to Section 14(a) of
The Securities Exchange Act of 1934</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">(Amendment No. )</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>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Filed by the Registrant &#9746;</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">Filed by a Party other than the Registrant &#9744;</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">Check the appropriate box:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&#9744;</TD><TD>Preliminary Proxy Statement</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top"><TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&#9744;</TD><TD>Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</TD></TR></TABLE>



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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top"><TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&#9746;</TD><TD>Definitive Proxy Statement</TD></TR></TABLE>



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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top"><TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&#9744;</TD><TD>Definitive Additional Materials</TD></TR></TABLE>



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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top"><TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&#9744;</TD><TD>Soliciting Material Under Rule 14a-12</TD></TR></TABLE>



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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 100%; text-align: center; vertical-align: top; border-bottom: Black 0.5pt solid">Ameri Holdings, Inc.</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: center; vertical-align: top"><P>(Name of Registrant as Specified in Its Charter)</P>

</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: center; vertical-align: top; border-bottom: Black 0.5pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: center; vertical-align: top"><P>(Name of Persons(s) Filing Proxy Statement, if Other Than the Registrant)</P>

</TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Payment of Filing Fee (Check the appropriate box):</P>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top"><TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&#9746;</TD><TD>No fee required.</TD></TR></TABLE>



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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top"><TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&#9744;</TD><TD>Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.</TD></TR></TABLE>



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

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

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(1)</TD><TD>Title of each class of securities to which transaction applies:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(2)</TD><TD>Aggregate number of securities to which transaction applies:</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 0 1in; text-indent: -0.5in"></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(3)</TD><TD>Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on
which the filing fee is calculated and state how it was determined):</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 0 1in; text-indent: -0.5in"></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(4)</TD><TD>Proposed maximum aggregate value of transaction:</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 0 1in; text-indent: -0.5in"></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(5)</TD><TD>Total fee paid:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top"><TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&#9744;</TD><TD>Fee paid previously with preliminary materials:</TD></TR></TABLE>



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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#9744;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Check
box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting
fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of
its filing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(1)</TD><TD>Amount previously paid:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(2)</TD><TD>Form, Schedule or Registration Statement No.:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(3)</TD><TD>Filing Party:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

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

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(4)</TD><TD>Date Filed:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

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

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

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

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

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>5000 Research Court, Suite 750</B></P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Suwanee, Georgia 30024</B></P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>_____________________________________</B></P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 13.5pt 0 0; text-align: center"><B>NOTICE OF SPECIAL MEETING
OF STOCKHOLDERS TO BE HELD ON SEPTEMBER 27, 2018</B></P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify"><B>To the Stockholders of Ameri
Holdings, Inc.:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 47.05pt">We are pleased to invite you to attend
our Special Meeting of Stockholders to be held on Thursday, September 27, 2018 at 10:00 a.m., local time at the offices of Olshan
Frome Wolosky LLP, 1325 Avenue of the Americas, New York, New York 10019 (the &ldquo;<B>Special Meeting</B>&rdquo;). At the Special
Meeting, we will ask you to consider the following proposals:</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="white-space: nowrap; width: 7%; padding-top: 6pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-top: 6pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="padding-top: 6pt"><P STYLE="margin-top: 0; margin-bottom: 0"></P>
                                 <P STYLE="margin-top: 0; margin-bottom: 0">To approve for purposes of complying with Nasdaq Listing
Rule 5635(d), the issuance by the Company of shares of common stock pursuant to the terms of the private placement financing transaction
(&ldquo;<B>Private Placement</B>&rdquo;) contemplated by two substantively similar Securities Purchase Agreements, one dated July
25, 2018 and one dated August 21, 2018 (the &ldquo;<B>Securities Purchase Agreements</B>&rdquo;), by and among the Company and
certain institutional and/or accredited investors, and the other documents and agreements related thereto, including shares that
are issuable upon exercise of warrants issued in connection with the Private Placement, without giving effect to the caps on issuing
shares contained therein (the &ldquo;<B>Nasdaq 20% Issuance Proposal</B>&rdquo;); and</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; padding-top: 6pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-top: 6pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="padding-top: 6pt"><FONT STYLE="font-size: 10pt">To transact such other business that may properly come before the Special Meeting or any adjournment or postponement thereof.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 47.05pt">Our Board of Directors has fixed the
close of business on August 20, 2018 as the record date for the Special Meeting. Only stockholders of record as of August 20,
2018 may vote at the Special Meeting or any postponements or adjournments of the meeting. This notice of special meeting, proxy
statement, and form of proxy are being made available on or about August 22, 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 47.05pt">Your vote is important. Whether or
not you plan to attend the meeting in person, we would like for your shares to be represented. Please vote as soon as possible
via the Internet, telephone, or mail.</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="RIGHT" STYLE="font-size: 10pt; width: 40%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Sincerely,</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-size: 10pt">/s/&nbsp;Srinidhi &ldquo;Dev&rdquo; Devanur</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Srinidhi &ldquo;Dev&rdquo; Devanur </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>Executive Vice Chairman</I></B></P></TD></TR>
</TABLE><BR STYLE="clear: both">
<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 15pt 0 0">Suwanee, Georgia</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0">August 22, 2018</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; color: red">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 47.05pt"><B>Whether or not you expect to participate
in the Special Meeting, please vote via the Internet, by phone, or complete, date, sign and promptly return the accompanying proxy
card or voting instruction card in the enclosed postage-paid envelope so that your shares may be represented at the Special Meeting.</B></P>

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

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 13.5pt 0 0; text-align: center"><B><A NAME="TableOfContents"></A>PROXY STATEMENT </B></P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>_____________________________________</B></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: center"><B>SPECIAL MEETING OF STOCKHOLDERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: center"><B>To Be Held on Thursday, September
27, 2018</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9pt 0 7pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9pt 0 7pt; text-align: center"><B>TABLE OF CONTENTS</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 94%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="width: 6%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-size: 10pt"><B><U>Page</U></B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 7pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 24pt; text-align: justify; text-indent: -12pt"><A HREF="#Questions"><FONT STYLE="font-size: 10pt">QUESTIONS AND ANSWERS ABOUT THE PROXY MATERIALS AND OUR SPECIAL MEETING</FONT></A></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 7pt; text-align: right"><A HREF="#Questions">2</A></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 24pt; text-align: justify; text-indent: -12pt"><A HREF="#NASDAQ"><FONT STYLE="font-size: 10pt">NASDAQ 20% ISSUANCE PROPOSAL</FONT></A></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 7pt; text-align: right"><A HREF="#NASDAQ">9</A></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 24pt; text-align: justify; text-indent: -12pt"><A HREF="#Ownership"><FONT STYLE="font-size: 10pt">SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</FONT></A></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 7pt; text-align: right"><A HREF="#Ownership">11</A></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 24pt; text-align: justify; text-indent: -12pt"><A HREF="#Other"><FONT STYLE="font-size: 10pt">OTHER MATTERS</FONT></A></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 7pt; text-align: right"><A HREF="#Other">14</A></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9pt 0 7pt; text-align: center; color: red">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9pt 0 7pt; text-align: center; color: red"></P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>AMERI HOLDINGS, INC.</B></P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 13.5pt 0 0; text-align: center"><B>PROXY STATEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: center"><B>FOR SPECIAL MEETING OF STOCKHOLDERS</B><BR>
<B>To Be Held at 10:00 a.m. Eastern Time on Thursday, September 27, 2018</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in">This proxy statement and the enclosed
form of proxy are furnished in connection with the solicitation of proxies by our Board of Directors (the &ldquo;<B>Board</B>&rdquo;
or &ldquo;<B>Board of Directors</B>&rdquo;) for use at the special meeting of stockholders of Ameri Holdings, Inc., a Delaware
corporation, and any postponements, adjournments or continuations thereof (the &ldquo;<B>Special Meeting</B>&rdquo;). The Special
Meeting will be held on Thursday, September 27, 2018 at 10:00 a.m. local time, at the offices of Olshan Frome Wolosky LLP, 1325
Avenue of the Americas, New York, New York 10019. References in this Proxy Statement to &ldquo;we,&rdquo; &ldquo;us,&rdquo; &ldquo;our,&rdquo;
 &ldquo;the Company&rdquo; or &ldquo;Ameri&rdquo; refer to Ameri Holdings, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 47.05pt">The Notice of Special Meeting, this
Proxy Statement and form of proxy are first being mailed on or about August 22, 2018 to all stockholders entitled to vote at the
Special Meeting.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="border: black 1pt solid; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0.05in; text-align: center"><FONT STYLE="font-size: 10pt"><B>Important Notice Regarding the Availability of Proxy Materials for the Special Stockholder Meeting to Be Held on September 27, 2018:</B> The Notice of Special Meeting and Proxy Statement are also available at the following website: www.icommaterials.com/amrh.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25in 0 0; text-align: center"><B>THE INFORMATION PROVIDED IN THE
 &ldquo;QUESTION AND ANSWER&rdquo; FORMAT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>BELOW IS FOR YOUR CONVENIENCE ONLY AND IS
MERELY A SUMMARY OF</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>THE INFORMATION CONTAINED IN THIS PROXY STATEMENT.
YOU SHOULD</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>READ THIS ENTIRE PROXY STATEMENT CAREFULLY.</B></P>

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

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center; color: #4F81BD"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="Questions"></A>QUESTIONS AND ANSWERS ABOUT THE PROXY MATERIALS
AND OUR SPECIAL MEETING</B></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="white-space: nowrap; width: 3%; padding-top: 12pt"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD STYLE="padding-top: 12pt"><FONT STYLE="font-size: 10pt"><B>What items will be voted on at the Special Meeting?</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Stockholders will vote on the following items at the Special Meeting:</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; width: 3%; padding-top: 6pt">&nbsp;</TD>
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"></FONT></P>
        <P STYLE="margin-top: 0; margin-bottom: 0">to approve for purposes of complying with Nasdaq Listing Rule 5635(d), the
issuance by the Company of shares of common stock pursuant to the terms of the private placement financing transaction (&ldquo;<B>Private
Placement</B>&rdquo;) contemplated by two substantively similar Securities Purchase Agreements, one dated July 25, 2018 and one
dated August 21, 2018 (the &ldquo;<B>Securities Purchase Agreements</B>&rdquo;), by and among the Company and certain institutional
and/or accredited investors (the &ldquo;<B>Purchasers</B>&rdquo;), and the other documents and agreements related thereto, including
shares that are issuable upon exercise of warrants issued in connection with the Private Placement, without giving effect to the
caps on issuing shares contained therein (the &ldquo;<B>Nasdaq 20% Issuance Proposal</B>&rdquo;); and</P></TD></TR>
</TABLE>


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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; width: 3%; padding-top: 6pt">&nbsp;</TD>
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">to transact such other business that may properly come before the Special Meeting or any adjournment or postponement thereof.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 12pt"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 12pt"><FONT STYLE="font-size: 10pt"><B>How does the Board of Directors recommend I vote on the proposal?</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">The Board recommends a vote:</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; width: 3%; padding-top: 6pt">&nbsp;</TD>
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">FOR the Nasdaq 20% Issuance Proposal.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 6pt"><FONT STYLE="font-size: 10pt"><B>Who may vote at the Special Meeting?</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD><P STYLE="margin: 0">Stockholders of record as of the close of business on August 20, 2018 (the &ldquo;<B>Record Date</B>&rdquo;)
are entitled to receive notice of, to attend, and to vote at the Special Meeting. As of the Record Date, there were 22,873,447
shares of Ameri&rsquo;s common stock issued and outstanding, held by 670 holders of record. Each share of Ameri&rsquo;s common
stock is entitled to one (1)&nbsp;vote on each matter. In accordance with applicable Nasdaq Marketplace Rules, holders of the
shares of our common stock purchased in the Private Placement are not entitled to vote such shares on the Nasdaq 20% Issuance
Proposal.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 12pt"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD STYLE="padding-top: 12pt"><FONT STYLE="font-size: 10pt"><B>What is the voting requirement to approve the proposal?</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">The affirmative vote of the holders of a majority of the shares of our common stock present or represented by proxy and entitled to vote on the matter is required to approve the Nasdaq 20% Issuance Proposal.&nbsp;&nbsp;In addition, for Nasdaq purposes, the Nasdaq 20% Issuance Proposal requires approval by a majority of the votes cast at the meeting, provided that the Purchasers in the Private Placement shall not be entitled to vote either the shares owned by them or the shares underlying warrants owned by them, which are the shares and warrants to purchase our common stock that were issued to the Purchasers pursuant to the Securities Purchase Agreement.&nbsp;&nbsp;</FONT></TD></TR>
</TABLE>
<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: top">
    <TD STYLE="white-space: nowrap; width: 3%; padding-top: 6pt"><FONT STYLE="font-size: 10pt"></FONT></TD>
    <TD STYLE="padding-top: 6pt"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"></FONT></P>
                                 <P STYLE="margin-top: 0; margin-bottom: 0">If you mark your proxy as &ldquo;Abstain&rdquo; on
the Nasdaq 20% Issuance Proposal, or if you give specific instructions that no vote be cast on any specific matter, the shares
represented by that proxy will not be voted on that matter, but will count in determining whether a quorum is present.&nbsp;&nbsp;Broker
non-votes have no effect toward the vote total for the Nasdaq 20% Issuance Proposal.&nbsp;&nbsp;Abstentions will have the effect
of an AGAINST vote on the Nasdaq 20% Issuance Proposal because abstentions are considered shares entitled to vote on this proposal.&nbsp;&nbsp;With
respect to the Nasdaq 20% Issuance Proposal, if a stockholder is a beneficial owner of shares held in street name, such stockholder&rsquo;s
bank, broker or other nominee will not be permitted to vote such stockholder&rsquo;s shares on the approval of the Nasdaq 20%
Issuance Proposal unless the bank or broker receives voting instructions from such stockholder.&nbsp;&nbsp;</P></TD></TR>
</TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt"><B>How many shares must be present or represented to conduct business at the Special Meeting?</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">At the Special Meeting, the presence in person or by proxy of a majority of the aggregate voting power of the stock issued and outstanding and entitled to vote at the Special Meeting is required for the Special Meeting to proceed. If you have returned valid proxy instructions or attend the Special Meeting in person, your shares of common stock will be counted for the purpose of determining whether there is a quorum, even if you wish to abstain from voting on some or all matters at the meeting.</FONT></TD></TR>
</TABLE>

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

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<P STYLE="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: top">
    <TD STYLE="white-space: nowrap; padding-top: 0.25in; width: 3%"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD STYLE="padding-top: 0.25in"><FONT STYLE="font-size: 10pt"><B>If I am a stockholder of record of Ameri&rsquo;s shares, how do I vote?</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">If you are a stockholder of record, there are four ways to vote:</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; width: 3%; padding-top: 6pt">&nbsp;</TD>
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt"><I>In person.</I> You may vote in person at the Special Meeting. The Company will give you a ballot when you arrive.</FONT></TD></TR>
</TABLE>


<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="white-space: nowrap; width: 3%; padding-top: 6pt">&nbsp;</TD>
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt"><I>Via the Internet</I>. You may vote by proxy via the Internet by following the instructions found on the proxy card.</FONT></TD></TR>
</TABLE>


<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="white-space: nowrap; width: 3%; padding-top: 6pt">&nbsp;</TD>
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt"><I>By Telephone</I>. You may vote by proxy by calling the toll-free number found on the proxy card.</FONT></TD></TR>
</TABLE>


<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="white-space: nowrap; width: 3%; padding-top: 6pt">&nbsp;</TD>
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt"><I>By Mail.</I> You may vote by proxy by filling out the proxy card and returning it in the
    envelope provided. If you vote by mail, your proxy card must be received by September 26, 2018.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0 18.35pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0 18.35pt"></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="white-space: nowrap; width: 3%; padding-top: 0.25in"><FONT STYLE="font-size: 10pt"><B></B></FONT></TD>
    <TD>Please note that the Internet and telephone voting
facilities will close at 11:59 p.m. Eastern Time (8:59 p.m. Pacific Time) on September 26, 2018.<P STYLE="margin-top: 0; margin-bottom: 0"></P>
                                    <P STYLE="margin-top: 0; margin-bottom: 0"></P></TD></TR>
</TABLE>



<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-top: 6pt; width: 3%"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD STYLE="padding-top: 6pt"><FONT STYLE="font-size: 10pt"><B>If I am a beneficial owner of shares held in street name, how do I vote?</B></FONT></TD></TR>
</TABLE>


<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-top: 12pt; width: 3%"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD STYLE="padding-top: 12pt"><FONT STYLE="font-size: 10pt">If you are a beneficial owner of shares held in street name, you should have received from your broker, bank, trustee or other nominee instructions on how to vote or instruct the broker to vote your shares, which are generally contained in a &ldquo;vote instruction form&rdquo; sent by the broker, bank, trustee or other nominee. Please follow their instructions carefully. Street name stockholders generally may vote by one of the following methods:</FONT></TD></TR>
</TABLE>


<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="white-space: nowrap; width: 3%; padding-top: 6pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-top: 6pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="padding-top: 6pt"><FONT STYLE="font-size: 10pt"><I>In person</I>. If you wish to vote in person at the Special Meeting, you must obtain a legal proxy from the organization that holds your shares. Please contact that organization for instructions regarding obtaining a legal proxy to you by your broker, bank, trustee, or other nominee.</FONT></TD></TR>
</TABLE>


<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="white-space: nowrap; width: 3%; padding-top: 6pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-top: 6pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="padding-top: 6pt"><FONT STYLE="font-size: 10pt"><I>Via the Internet</I>. You may vote by proxy via the Internet by following the instruction form provided to you by your broker, bank, trustee, or other nominee.</FONT></TD></TR>
</TABLE>


<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="white-space: nowrap; width: 3%; padding-top: 6pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-top: 6pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="padding-top: 6pt"><FONT STYLE="font-size: 10pt"><I>By Telephone</I>. You may vote by proxy by calling the toll-free number found on the vote instruction form provided to you by your broker, bank, trustee, or other nominee.</FONT></TD></TR>
</TABLE>


<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="white-space: nowrap; width: 3%; padding-top: 6pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-top: 6pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="padding-top: 6pt"><FONT STYLE="font-size: 10pt"><I>By Mail</I>. You may vote by proxy by filling out the vote instruction form and returning it in the envelope provided to you by your broker, bank, trustee, or other nominee.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt"><B>What is the difference between a stockholder of record and a beneficial owner of shares held in street name?</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt"><I>Stockholder of Record</I>. If your shares are registered directly in your name with our transfer agent, Corporate Stock Transfer (&ldquo;<B>CST</B>&rdquo;), you are considered the stockholder of record with respect to those shares, and the Notice or these proxy materials were sent directly to you by Ameri.</FONT></TD></TR>
</TABLE>




<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="white-space: nowrap; width: 3%; padding-top: 6pt"><FONT STYLE="font-size: 10pt"></FONT></TD>
    <TD STYLE="padding-top: 12pt"><P STYLE="margin-top: 0; margin-bottom: 0">Beneficial Owner of Shares Held in Street Name. If your shares are held
in an account at a brokerage firm, bank, broker-dealer, or other similar organization, then you are the &ldquo;beneficial owner&rdquo;
of shares held in &ldquo;street name,&rdquo; and the Notice or these proxy materials were forwarded to you by that organization.
The organization holding your account is considered the stockholder of record for purposes of voting at the Special Meeting. As
a beneficial owner, you have the right to instruct that organization on how to vote the shares held in your account.&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0 0.4in"></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: 3%"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt"><B>How may my brokerage firm or other intermediary vote my shares if I fail to provide timely directions?</B></FONT></TD></TR>
</TABLE>


<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="margin-top: 0; margin-bottom: 0; padding-top: 12pt; width: 3%"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD STYLE="margin-top: 0; margin-bottom: 0; padding-top: 12pt"><FONT STYLE="font-size: 10pt">Brokerage firms and other intermediaries holding shares of our common stock in street name for their customers are generally required to vote such shares in the manner directed by their customers. In the absence of timely directions, your broker will not have discretion to vote on the Nasdaq 20% Issuance Proposal, which is a &ldquo;non-routine&rdquo; matter, absent direction from you, resulting in broker non-votes.</FONT></TD></TR>
</TABLE>

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

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<P STYLE="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: top">
    <TD STYLE="white-space: nowrap; padding-top: 0.25in; width: 3%"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD STYLE="padding-top: 0.25in"><FONT STYLE="font-size: 10pt"><B>Can I change my vote or revoke my proxy?</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">You may change your vote or revoke your proxy at any time prior to the taking of the vote at the Special Meeting.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0 0.4in"></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="white-space: nowrap; width: 3%; padding-top: 6pt"><FONT STYLE="font-size: 10pt"></FONT></TD>
    <TD>If you are the stockholder of record, you may change
your vote by (1)&nbsp;granting a new proxy bearing a later date (which automatically revokes the earlier proxy) using any of the
methods described above (and until the applicable deadline for each method), (2)&nbsp;providing a written notice of revocation
to Ameri&rsquo;s Corporate Secretary at Ameri Holdings, Inc., 5000 Research Court, Suite 750, Suwanee, Georgia 30024 prior to your
shares being voted, or (3)&nbsp;attending the Special Meeting and voting in person. Attendance at the Special Meeting will not
cause your previously granted proxy to be revoked unless you specifically so request or vote in person at the Special Meeting.<P STYLE="margin-top: 0; margin-bottom: 0"></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; padding-top: 6pt">&nbsp;</TD>
    <TD>For shares you hold beneficially in street name, you
generally may change your vote by submitting new voting instructions to your broker, bank, trustee, or nominee following the instructions
they provided, or, if you have obtained a legal proxy from your broker, bank, trustee, or nominee giving you the right to vote
your shares, by attending the Special Meeting and voting in person.</TD></TR>
</TABLE>




<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-top: 12pt; width: 3%"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD STYLE="padding-top: 12pt"><FONT STYLE="font-size: 10pt"><B>Can I attend the meeting in person?</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">You are invited to attend the Special Meeting if you are a registered stockholder or a street name stockholder as of August 20, 2018, the Record Date. In order to enter the Special Meeting, you must present a form of photo identification acceptable to us, such as a valid driver&rsquo;s license or passport. If you hold your shares beneficially in street name, you will need to provide proof of stock ownership as of the Record Date. Please note that since a street name stockholder is not the stockholder of record, you may not vote your shares in person at the Special Meeting unless you follow your broker&rsquo;s procedures for obtaining a legal proxy. Please be aware that attendance at the Special Meeting will not, by itself, revoke a proxy.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 12pt"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD STYLE="padding-top: 12pt"><FONT STYLE="font-size: 10pt"><B>If I submit a proxy, how will it be voted?</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">When proxies are properly dated, executed, and returned, the shares represented by such proxies will be voted at the Special Meeting in accordance with the instructions of the stockholder. If no specific instructions are given, the shares will be voted in accordance with the recommendations of our Board of Directors as described above. If any matters not described in the Proxy Statement are properly presented at the Special Meeting, the proxy holders will use their own judgment to determine how to vote your shares. If the Special Meeting is postponed or adjourned, the proxy holders can vote your shares on the new meeting date as well, unless you have revoked your proxy instructions, as described below under &ldquo;Can I change my vote or revoke my proxy?&rdquo;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 12pt"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD STYLE="padding-top: 12pt"><FONT STYLE="font-size: 10pt"><B>How are proxies solicited for the Special Meeting?</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Our Board of Directors is soliciting proxies for use at the Special Meeting. All expenses associated with this solicitation will be borne by us. We may, on request, reimburse brokers or other nominees for reasonable expenses that they incur in sending our proxy materials to you if a broker, bank, or other nominee holds shares of our common stock on your behalf. In addition, our directors and employees may also solicit proxies in person, by telephone, or by other means of communication. Our directors and employees will not be paid any additional compensation for soliciting proxies.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 12pt"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD STYLE="padding-top: 12pt"><FONT STYLE="font-size: 10pt"><B>What should I do if I get more than one proxy or voting instruction card?</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Stockholders may receive more than one set of voting materials, including multiple copies of the proxy materials and multiple Notices, proxy cards, or voting instruction cards. For example, stockholders who hold shares in more than one brokerage account may receive separate sets of proxy materials for each brokerage account in which shares are held. Stockholders of record whose shares are registered in more than one name will receive more than one set of proxy materials or one Notice. You should vote in accordance with all of the proxy cards and voting instruction cards you receive relating to our Special Meeting to ensure that all of your shares are counted.</FONT></TD></TR>
</TABLE>

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

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; padding-top: 0.25in; width: 3%"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD STYLE="padding-top: 0.25in"><FONT STYLE="font-size: 10pt"><B>I share an address with another stockholder, and we received only one paper copy of the proxy materials. How may I obtain an additional copy of the proxy materials?</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">The Securities and Exchange Commission (the &ldquo;<B>SEC</B>&rdquo;) has adopted rules that permit companies and intermediaries (e.g., brokers) to satisfy the delivery requirements for proxy statements and annual reports with respect to two or more stockholders sharing the same address by delivering a single proxy statement addressed to those stockholders. This process is commonly referred to as &ldquo;householding.&rdquo;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Brokers with account holders who are Ameri stockholders
may be householding our proxy materials. A single set of proxy materials may be delivered to multiple stockholders sharing an address
unless contrary instructions have been received from the affected stockholders. Once you have received notice from your broker
that it will be householding communications to your address, householding will continue until you are notified otherwise or until
you notify your broker or Ameri that you no longer wish to participate in householding.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>If, at any time, you no longer wish to participate
in householding and would prefer to receive a separate proxy statement and annual report, you may (1)&nbsp;notify your broker,
(2)&nbsp;direct your written request to: Investor Relations, Ameri Holdings, Inc., 5000 Research Court, Suite 750, Suwanee, Georgia
30024 or (3)&nbsp;contact our Investor Relations department by email at IR@ameri100.com or by telephone at (212) 838-3777. Stockholders
who receive multiple copies of the proxy statement or annual report at their address and would like to request householding of
their communications should contact their broker. In addition, we will promptly deliver, upon written or oral request to the address
or telephone number above, a separate copy of the Proxy Statement to a stockholder at a shared address to which a single copy of
the documents was delivered.</TD></TR>
</TABLE>


<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-top: 12pt; width: 3%"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD STYLE="padding-top: 12pt"><FONT STYLE="font-size: 10pt"><B>What if I have questions about my Ameri shares or need to change my mailing address?</B></FONT></TD></TR>
</TABLE>


<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-top: 12pt; width: 3%"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD STYLE="padding-top: 12pt"><FONT STYLE="font-size: 10pt">You may contact our transfer agent, CST, by telephone at (303) 282-4800 or toll free at (877) 309-2764, or by facsimile at (303) 282-5800, if you have questions about your Ameri shares or need to change your mailing address.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 12pt"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD STYLE="padding-top: 12pt"><FONT STYLE="font-size: 10pt"><B>Who will tabulate the votes?</B></FONT></TD></TR>
</TABLE>


<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="white-space: nowrap; width: 3%; padding-top: 6pt"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD STYLE="padding-top: 6pt"><FONT STYLE="font-size: 10pt">Viraj Patel, Ameri&rsquo;s Chief Financial Officer, will serve as the Inspector of Elections and will tabulate the votes at the Special Meeting.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 12pt"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD STYLE="padding-top: 12pt"><FONT STYLE="font-size: 10pt"><B>Where can I find the voting results of the Special Meeting?</B></FONT></TD></TR>
</TABLE>


<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-top: 12pt; width: 3%"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD STYLE="padding-top: 12pt"><FONT STYLE="font-size: 10pt">We will announce preliminary voting results at the Special Meeting. We will also disclose voting results on a Current Report on Form 8-K that we will file with the SEC within four business days after the Special Meeting. If final voting results are not available to us in time to file a Current Report on Form 8-K within four business days after the Special Meeting, we will file a Current Report on Form 8-K to publish preliminary results and will provide the final results in an amendment to this Current Report on Form 8-K as soon as they become available.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 12pt"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD STYLE="padding-top: 12pt"><FONT STYLE="font-size: 10pt"><B>What is the deadline to propose actions for consideration at the 2019 Annual Meeting of Stockholders or to nominate individuals?</B></FONT></TD></TR>
</TABLE>


<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-top: 12pt; width: 3%"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD STYLE="padding-top: 12pt"><FONT STYLE="font-size: 10pt">Stockholder proposals intended for inclusion in next year&rsquo;s proxy statement pursuant to Rule 14a-8 promulgated under the Securities Exchange Act of 1934, as amended (the &ldquo;<B>Exchange Act</B>&rdquo;), must be directed to the Corporate Secretary, Ameri Holdings, Inc., 5000 Research Court, Suite 750, Suwanee, Georgia 30024 and must be received by March 19, 2019. In order for proposals of stockholders made outside of Rule 14a-8 promulgated under the Exchange Act to be considered &ldquo;timely&rdquo; within the meaning of Rule 14a-4(c) promulgated under the Exchange Act, such proposals must be received by the Corporate Secretary at the above address by March 19, 2019 and must also be submitted in accordance with the requirements of our bylaws.&nbsp;&nbsp;A copy of our amended and restated bylaws is available as Exhibit 3.4 to our Annual Report on Form 10-K filed with the SEC on April 2, 2018.&nbsp;&nbsp;You may also contact the Corporate Secretary at the address given above for a copy of the relevant bylaw provisions regarding the requirements for making stockholder proposals and nominating director candidates. The bylaws, and not the foregoing summary, together with applicable law, control stockholder actions and nominations relating to our annual meetings.&emsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0 18.35pt">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0 18.35pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt 18.35pt; text-align: center"><B>OVERVIEW</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt"><B><I>Private Placement</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-indent: 47.05pt">On July 25, 2018, we entered into a
securities purchase agreement (the &ldquo;<B>Initial Securities Purchase Agreement</B>&rdquo;) with certain institutional and
accredited investors (&ldquo;<B>Initial Purchasers</B>&rdquo;) for the sale of 5,000,000 shares of our common stock (&ldquo;<B>Initial
Shares</B>&rdquo;) and warrants to purchase a total of 4,000,000 shares (&ldquo;<B>Initial Warrant Shares</B>&rdquo;) of our common
stock (&ldquo;<B>Initial Purchaser Warrants</B>&rdquo;) for total consideration of approximately $6,000,000 (&ldquo;<B>Initial
Investment</B>&rdquo;). On July 30, 2018, we issued the Initial Shares and the Initial Purchaser Warrants.&nbsp;&nbsp;The $6,000,000
purchase price paid by the Initial Purchasers on July 30, 2018 represents the entire purchase price that will be paid by the Initial
Purchasers for the Initial Shares and the Initial Purchaser Warrants (excluding the exercise price to be paid upon the exercise
of Initial Purchaser Warrants), even if additional Shares (through the adjustment of a pre-funded warrant) are issued and additional
Warrant Shares become issuable upon the occurrence of certain events described below.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-indent: 47.05pt">On August 21, 2018, we entered into
a second securities purchase agreement (the &ldquo;<B>Second Securities Purchase Agreement</B>&rdquo;, and together with the Initial
Securities Purchase Agreement, the &ldquo;<B>Securities Purchase Agreements</B>&rdquo;) with an accredited investor (the &ldquo;<B>Additional
Purchaser</B>&rdquo;, and with the Initial Purchaser, the &ldquo;<B>Purchasers</B>&rdquo;) for the sale of approximately 500,000
shares of our common stock, via a pre-funded warrant (the &ldquo;<B>Additional Shares</B>&rdquo;, and with the Initial Shares,
the &ldquo;<B>Shares</B>&rdquo;), and warrants to purchase a total approximately 400,000 shares (the &ldquo;<B>Additional Warrant
Shares</B>&rdquo;, and with the Initial Warrant Shares, the &ldquo;<B>Warrant Shares</B>&rdquo;) of our common stock (the &ldquo;<B>Additional
Purchaser Warrants</B>&rdquo;, and with the Initial Purchaser Warrants, the &ldquo;<B>Purchaser Warrants</B>&rdquo;) for gross
proceeds of approximately $600,000 (the &ldquo;<B>Additional Investment</B>&rdquo;). The Additional Investment was made in connection
with, and substantially on the same terms and using the same forms as, the private placement of the Initial Shares and Initial
Purchaser Warrants (such private placement and the Additional Investment, the &ldquo;<B>Private Placement</B>&rdquo;). The $600,000
purchase price paid by the Additional Purchaser on August 21, 2018 represents the entire purchase price that will be paid by the
Additional Purchaser for the Additional Shares and the Additional Purchaser Warrants (excluding the exercise price to be paid
upon the exercise of Additional Purchaser Warrants), even if additional Shares (through the adjustment of a pre-funded warrant,
all pre-funded warrants with the Purchaser Warrants, the &ldquo;<B>Warrants</B>&rdquo;) are issued and additional Warrant Shares
become issuable upon the occurrence of certain events described below.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-indent: 47.05pt">The initial price per Share equaled
$1.20 (&ldquo;<B>Per Share Purchase Price</B>&rdquo;) and the initial per share exercise price of the Purchaser Warrants equaled
$1.60 (&ldquo;<B>Exercise Price</B>&rdquo;).&nbsp;&nbsp;The Per Share Purchase Price and the Exercise Price are subject to adjustment
as described below.&nbsp;&nbsp;The Initial Purchaser Warrants are immediately exercisable, subject to ownership limitations described
below, and expire five years after the date of issuance.&nbsp;&nbsp;The Additional Purchaser was not issued any Shares at the
closing of the Additional Investment, due to Nasdaq stock issuance limitations, but the Additional Shares will be issued upon
the exercise of a pre-funded warrant for no additional consideration to the Company, subject to stockholder approval. The Additional
Purchaser Warrants and the Additional Purchaser&rsquo;s pre-funded warrant are exercisable following the later of stockholder
approval of the Private Placement or the effectiveness of a resale registration statement, subject to ownership limitations described
below, and expire five years after the date of issuance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-indent: 47.05pt">The Per Share Purchase Price and Exercise
Price will automatically be adjusted lower, if applicable, to 80% (with respect to the Purchase Price Of The Shares) and 110% (with
respect to the Exercise Price) of the lowest of the average daily prices on the 6 trading days (the &ldquo;<B>VWAP Calculation</B>&rdquo;)
after the date that (i) a registration statement covering the resale of the securities being issued in the transaction is declared
effective by the SEC and (ii) the Company&rsquo;s shareholders approve the Private Placement transaction. If all the shares issuable
pursuant to the Securities Purchase Agreement are not included in the registration statement, another similar adjustment to the
Per Share Purchase Price and Exercise Price will occur on the date that such shares may be sold pursuant to Rule 144 under the
Securities Act of 1933. Following any adjustment to the Exercise Price, the number of shares that may be issued pursuant to a Purchaser
Warrant will be proportionately increased. In no event will the Per Share Purchase Price and Exercise Price be less than $0.29
per share. In addition, the Purchaser Warrants have transaction-specific anti-dilution provisions, as described in the Purchaser
Warrants.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-indent: 47.05pt">Until stockholder approval is obtained,
the total number of Shares that are issuable pursuant to the Securities Purchase Agreements, and the total number of shares of
our common stock that are issuable upon exercise of any of the warrants issued in the Private Placement, shall not exceed 19.99%
of the number of shares of our common stock outstanding immediately before the closing of the Private Placement.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-indent: 47.05pt"><FONT STYLE="color: #4F81BD">&nbsp;</FONT>Pursuant
to the Securities Purchase Agreement, the Purchasers have the right to participate in up to 35% of any subsequent equity or debt
offerings by us, on identical terms and conditions as set forth in such subsequent offerings for eighteen months following the
Effective Date (as defined in the Securities Purchase Agreement).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-indent: 47.05pt">A.G.P. / Alliance Global Partners (&ldquo;<B>AGP</B>&rdquo;)
served as the sole placement agent for the Private Placement.&nbsp; We also issued AGP a warrant (the &ldquo;<B>AGP Warrant</B>&rdquo;
and, together with the Purchaser Warrants, the &ldquo;<B>Warrants</B>&rdquo;) for the purchase of up to 150,000 shares of common
stock at an exercise price of $1.32 per share. The AGP Warrant terminates on July 27, 2022.&nbsp;&nbsp;The per share exercise price
of the AGP Warrant and the number of shares of our common stock issuable upon exercise of the AGP Warrant are not subject to adjustment
based upon the VWAP Calculation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-indent: 47.05pt">The securities issued pursuant to the
Securities Purchase Agreement were issued under the exemption from registration provided by Section 4(a)(2) of the Securities Act
of 1933, as amended, and the rules and regulation promulgated thereunder, including Rule 506 of Regulation D.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-indent: 47.05pt">Before the closing of the Private Placement,
and as a condition to such closing, certain of our officers, directors and stockholders entered into voting agreements.&nbsp;&nbsp;As
of immediately prior to the closing of the Private Placement, the stockholders executing voting agreements owned approximately
40% of our total issued and outstanding common stock.&nbsp;&nbsp;Pursuant to the voting agreements, the signatories thereto have
agreed to vote all shares of our common stock owned by them in favor of the Nasdaq 20% Issuance Proposal.</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0"><B><I>Impact of the VWAP Calculation on Shares Issued in
the Private Placement</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 47.05pt">The table below sets forth, based upon
various assumed VWAP Calculation prices, (i) the total number of Shares that will become issuable pursuant to the Securities Purchase
Agreement (through the adjustment of a pre-funded Warrant), (ii) the total number of Warrant Shares that will become issuable upon
exercise of the Purchaser Warrants and (iii) the total number of shares of our common stock that will become issuable to the Purchasers
pursuant to the Private Placement, which is a sum of the second and third columns.&nbsp;&nbsp;The table below assumes that the
Nasdaq 20% Issuance Proposal will be approved by the stockholders and has been prepared without regard to any applicable beneficial
ownership limitation caps. The table below does not include the AGP Warrant because its exercise price will not change.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 47.05pt"></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: 25%; border: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>VWAP Calculation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Price (1)</B></P></TD>
    <TD STYLE="width: 25%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Total Number of Shares</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Issuable Pursuant to</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Securities Purchase</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Agreements (2)</B></P></TD>
    <TD STYLE="width: 25%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Total Number of Shares</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Issuable Pursuant to the</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Purchaser Warrants (3)(4)</B></P></TD>
    <TD STYLE="width: 25%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Total Number of Shares</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Issuable in the Private</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Placement (4)</B></P></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">$1.70</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 45pt; text-align: right"><FONT STYLE="font-size: 10pt">5,500,000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 40.7pt; text-align: right"><FONT STYLE="font-size: 10pt">4,400,000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 36.4pt; text-align: right"><FONT STYLE="font-size: 10pt">9,900,000</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">$1.40</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 45pt; text-align: right"><FONT STYLE="font-size: 10pt">5,892,857</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 40.7pt; text-align: right"><FONT STYLE="font-size: 10pt">4,714,286</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 36.4pt; text-align: right"><FONT STYLE="font-size: 10pt">10,607,143</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">$1.10</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 45pt; text-align: right"><FONT STYLE="font-size: 10pt">7,500,000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 40.7pt; text-align: right"><FONT STYLE="font-size: 10pt">6,000,000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 36.4pt; text-align: right"><FONT STYLE="font-size: 10pt">13,500,000</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">$0.80</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 45pt; text-align: right"><FONT STYLE="font-size: 10pt">10,312,500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 40.7pt; text-align: right"><FONT STYLE="font-size: 10pt">8,250,000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 36.4pt; text-align: right"><FONT STYLE="font-size: 10pt">18,562,500</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">$0.50</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 45pt; text-align: right"><FONT STYLE="font-size: 10pt">16,500,000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 40.7pt; text-align: right"><FONT STYLE="font-size: 10pt">13,200,000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 36.4pt; text-align: right"><FONT STYLE="font-size: 10pt">29,700,000</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">$0.20</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.5in; text-align: right"><FONT STYLE="font-size: 10pt">22,758,621<SUP>(5)</SUP></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 31.7pt; text-align: right"><FONT STYLE="font-size: 10pt">18,206,897<SUP>(5)</SUP></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 36.4pt; text-align: right"><FONT STYLE="font-size: 10pt">40,965,518</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 47.05pt"></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="white-space: nowrap; width: 3%; padding-top: 2pt"><FONT STYLE="font-size: 10pt">(1)</FONT></TD>
    <TD STYLE="padding-top: 2pt"><FONT STYLE="font-size: 10pt">The lowest VWAP Calculation for any triggering event will be the VWAP Calculation that will be used to determine the total number of Shares and Warrant Shares that are issuable to the Purchasers.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; width: 3%"><FONT STYLE="font-size: 10pt">(2)</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">The Per Share Purchase Price for the purpose of this calculation will equal the higher of (i) lower of (a) 80% of the VWAP Calculation Price and (b) the Per Share Purchase Price in effect before any triggering event, and (ii) $0.29.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; width: 3%"><FONT STYLE="font-size: 10pt">(3)</FONT></TD>
    <TD><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"></FONT></P>
        <P STYLE="margin-top: 0; margin-bottom: 0">The Exercise Price of the Purchaser Warrants for the purpose of this calculation
will equal the higher of (i) the lower of (a) 110% of the VWAP Calculation Price and (b) the Warrant Exercise Price in effect
before any triggering event and (ii) $0.29.</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; width: 3%"><FONT STYLE="font-size: 10pt">(4)</FONT></TD>
    <TD><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"></FONT></P>
        <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">Assumes the exercise for cash of all of the Purchaser
Warrants held by such Purchaser, irrespective of limitation on exercise.</FONT></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; width: 3%"><FONT STYLE="font-size: 10pt">(5)</FONT></TD>
    <TD><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"></FONT></P>
        <P STYLE="margin-top: 0; margin-bottom: 0">The minimum Per Share Purchase Price and Exercise Price of $0.29, and not the
VWAP Calculation price, will determine the number of Shares (through the adjustment of a pre-funded Warrants) and Warrant Shares
that are issuable at these VWAP Calculation prices. </P></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0"><B><I>Registration Rights</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-indent: 47.05pt; background-color: white">In connection
with the Private Placement, we entered into a registration rights agreement (the &ldquo;<B>Registration Rights Agreement</B>&rdquo;)
in which we agreed to file with the SEC on or prior to August 24, 2018, a registration statement covering the resale by the Purchasers
of up to 22,758,621 Shares and up to 18,206,897 Warrant Shares issuable upon exercise of the Purchaser Warrants.&nbsp;&nbsp;We
have also agreed to use our reasonable best efforts to have the registration statement declared effective by the SEC by September
23, 2018 (or until October 23, 2018, in the event of a full review by the SEC).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 47.05pt; background-color: white"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 47.05pt; background-color: white">The Registration
Rights Agreement provides, among other things, that in the event (i)&nbsp;we do not file the registration statement within the
prescribed time period, (ii)&nbsp;the SEC does not declare effective the registration statement for all the Shares and Warrant
Shares that are issuable pursuant to the Private Placement within the prescribed time period or (iii)&nbsp;the registration statement
ceases to be effective under certain circumstances, we will pay to the holders on the occurrence of each such event and for each
month thereafter until the applicable event is cured, an amount in cash equal to 2% of the aggregate amount invested by the holders
in the Private Placement for each monthly period (prorated for any period of less than a month) during which such registration
statement was not effective.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 47.05pt; background-color: white">On July 30,
2018 and August 22, 2018, we filed with the SEC Current Reports on Form 8-K (&ldquo;<B>Form 8-K</B>&rdquo;) that described the
terms of the Private Placement.&nbsp;&nbsp;We filed as exhibits 4.1, 4.2, 10.1 and 10.2 to the Form 8-K filed on July 30, 2018
the form of Purchaser Warrant, the form of AGP Warrant, the form of the Securities Purchase Agreements and the form of Registration
Rights Agreement.&nbsp;&nbsp;We refer you to the Form 8-Ks and the exhibits thereto for a further description of the Private Placement.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; background-color: white"><B><I>Nasdaq Rule 5635(d)</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 47.05pt; background-color: white">Nasdaq Rule
5635(d) requires stockholder approval prior to an issuance of securities in connection with a transaction other than a public offering
involving the sale, issuance or potential issuance by a company of common stock equal to 20% or more of the common stock or 20%
or more of the voting power outstanding before the issuance for less than the greater of book and market value of our common stock
as of the time of execution of the definitive agreement with respect to such transaction. The provisions in (i)&nbsp;the Securities
Purchase Agreement that prevent the issuance of Shares if such issuance will result in such holders beneficially owning in excess
of 19.99% of our common stock (the &ldquo;<B>Beneficial Ownership Limitation</B>&rdquo;) prior to stockholder approval and (ii)&nbsp;the
Warrants that prevent exercise of the Warrants prior to stockholder approval to the extent the issuance of Warrant Shares pursuant
to such exercise, when combined with the issuances of Shares pursuant to the Securities Purchase Agreement, would be in excess
of the Beneficial Ownership Limitation, are both required under Nasdaq Rule 5635(d). We are seeking stockholder approval for the
sale and issuance of such Shares and Warrant Shares in connection with the Private Placement pursuant to Nasdaq Rule 5635(d) without
regard to the Beneficial Ownership Limitation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; background-color: white"><B><I>Consequences if Stockholder
Approval is Not Obtained</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 47.05pt; background-color: white">If we do not
obtain approval of the Nasdaq 20% Issuance Proposal at the Special Meeting, we are obligated under the Securities Purchase Agreement
to call a stockholder meeting every four months thereafter to seek approval of the Nasdaq 20% Issuance Proposal from our stockholders
until the earlier of the date such approval is obtained or the Warrants are no longer outstanding.&nbsp;&nbsp;In addition, so long
as any Warrants are outstanding, we may not issue any capital stock or equity instruments in a capital raising transaction until
we obtain stockholder approval of the Nasdaq 20% Issuance Proposal.&nbsp;&nbsp;If we do not obtain stockholder approval, the maximum
number of shares that will be issuable pursuant to the Private Placement will not exceed 4,572,402 shares, which equals 19.99%
of the number of outstanding shares of our common stock on July 30, 2018.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; background-color: white"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B><A NAME="NASDAQ"></A>PROPOSAL 1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center; background-color: white"><B>NASDAQ 20%
ISSUANCE PROPOSAL</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; background-color: white"><B><I>Description of Proposal</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 47.05pt; background-color: white">We are seeking
stockholder approval as required by Nasdaq Rule 5635(d) (as described above) to enable us to issue a number of shares our common
stock in connection with the Private Placement that exceeds 20% of our outstanding common stock before the Private Placement, which
shares include the shares that are issued pursuant to the Securities Purchase Agreement and the shares that are issuable upon exercise
of the Warrants. The shares of our common stock that could be issued pursuant to the Securities Purchase Agreement, the Warrants
and our agreement with AGP consist of:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; width: 7%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD><P STYLE="margin: 0">Up to a maximum of 22,758,621 shares of common stock that could be issued pursuant to the Securities
Purchase Agreements;</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 42.8pt; background-color: white">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; width: 7%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD><P STYLE="margin: 0">Up to a maximum of 18,206,897 shares of common stock that could be issuable upon exercise of Purchaser
Warrants; and</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 42.8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; width: 7%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">150,000 shares of common stock issuable upon exercise of the AGP Warrant.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; background-color: white"><B><I>Related Parties</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 47.05pt; background-color: white">Except for
the sale and issuance of the Shares and the Warrants, the participants in the Private Placement have not had any material relationship
with us within the past three years, other than AGP, which served as the placement agent for the Private Placement and for whom
we issued the AGP Warrant.&nbsp;&nbsp;As compensation for serving as placement agent for the Private Placement, we issued the
AGP Warrant and paid to AGP a fee of $441,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; background-color: white"><B><I>Vote Required</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 47.05pt; background-color: white">The affirmative
vote of the holders of a majority of the shares of our common stock present in person or represented by proxy and entitled to vote
on the matter, excluding shares acquired in the Private Placement under the Securities Purchase Agreement, is necessary under Nasdaq
Marketplace Rule 5635(e)(4) to approve the Nasdaq 20% Issuance Proposal. Broker non-votes will not affect whether this proposal
is approved, but abstentions will have the same effect as a vote against the proposal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 47.05pt; background-color: white"><B>In accordance
with applicable Nasdaq Marketplace Rules, holders of the shares of our common stock purchased in the Private Placement are not
entitled to vote such shares on the Nasdaq 20% Issuance Proposal.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 47.05pt; background-color: white">Prior to the
closing of the Private Placement, and as a condition to such closing, certain officers, directors and stockholders of the Company
entered into voting agreements with the Purchasers. As of immediately prior to the closing of the Private Placement, the stockholders
executing the voting agreements owned approximately 40% of our total issued and outstanding common stock. Pursuant to the voting
agreement, the stockholder signatories agreed to vote all shares of our common stock owned by them in favor of the Nasdaq 20% Issuance
Proposal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; background-color: white"><B><I>Potential Effects of this
Proposal</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 47.05pt; background-color: white">The issuance
of the shares of our common stock which are the subject of the Nasdaq 20% Issuance Proposal will result in an increase in the
number of shares of common stock outstanding. This will result in a decrease in the respective ownership and voting percentage
interests of stockholders prior to the Private Placement. The market value of our Company and our future earnings may be reduced.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 47.05pt; background-color: white">In addition,
as described above under &ldquo;Registration Rights,&rdquo; we have agreed to register the securities issued in the Private Placement,
which could include up to a total of 41,115,518 shares of our common stock, consisting of a maximum of 22,758,621 Shares that
could become issuable pursuant to the Securities Purchase Agreement and 18,206,897 Warrant Shares that could become issuable upon
exercise of Purchaser Warrants, as well as 150,000 shares of common stock issuable upon exercise of the AGP Warrant. The release
of up to 41,115,518 freely traded shares onto the market, or the perception that such shares will or could come onto the market,
could have an adverse effect on the trading price of our stock.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 47.05pt; background-color: white"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 47.05pt; background-color: white">We have broad
discretion to use the net proceeds to us from the sale of such shares, including the proceeds received upon exercise of the Warrants,
and you will be relying solely on the judgment of our Board of Directors and management regarding the application of these proceeds.
Our use of the proceeds may not improve our operating results or increase the value of your investment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 47.05pt; background-color: white"><B>For your
consideration of the Nasdaq 20% Issuance Proposal, a description of the material terms of the Private Placement is set forth in
this proxy statement to provide you with basic information concerning the Private Placement. However, the description above is
not a substitute for reviewing the full text of the referenced documents, which were attached as exhibits to our Current Report
on Form 8-K as filed with the SEC on July 30, 2018.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 47.05pt; background-color: white"><B><I>THE
BOARD OF DIRECTORS RECOMMENDS THAT STOCKHOLDERS VOTE &ldquo;FOR&rdquo; THE APPROVAL OF THE ISSUANCE OF COMMON STOCK ISSUABLE PURSUANT
TO THE PRIVATE PLACEMENT, INCLUDING SHARES ISSUED PURSUANT TO THE SECURITIES PURCHASE AGREEMENT, SHARES ISSUED UPON EXERCISE OF
THE WARRANTS AND SHARES ISSUED UPON EXERCISE OF THE AGP WARRANT. </I></B></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 47.05pt; background-color: white"><B><I></I></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; background-color: white"><B><I> </I></B></P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B><A NAME="Ownership"></A>SECURITY OWNERSHIP OF CERTAIN
BENEFICIAL OWNERS AND MANAGEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-indent: 47.05pt">The following table sets forth information
regarding beneficial ownership of our common stock as of August 20, 2018 by:</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="white-space: nowrap; width: 7%; padding-top: 6pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-top: 6pt"><FONT STYLE="font-size: 10pt">(1)</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">each person or group of affiliated persons known by us to be the beneficial owner of more than 5% of our common stock;</FONT></TD></TR>
</TABLE>


<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="white-space: nowrap; width: 7%; padding-top: 6pt">&nbsp;</TD>
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">(2)</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">each of our named executive officers;</FONT></TD></TR>
</TABLE>


<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="white-space: nowrap; width: 7%; padding-top: 6pt">&nbsp;</TD>
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">(3)</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">each of our directors; and</FONT></TD></TR>
</TABLE>


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; width: 7%; padding-top: 6pt">&nbsp;</TD>
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">(4)</FONT></TD>
    <TD STYLE="padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">all of our executive officers and directors as a group.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-indent: 47.05pt">We have determined beneficial ownership
in accordance with the rules of the SEC and the information is not necessarily indicative of beneficial ownership for any other
purpose. Unless otherwise indicated below, to our knowledge, the persons and entities named in the table have sole voting and
sole investment power with respect to all shares that they beneficially own, subject to community property laws where applicable.
To our knowledge, no person or entity, except as set forth below, is the beneficial owner of more than 5% of the voting power
of our common stock as of the close of business on August 20, 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 47.05pt">Under SEC rules, the calculation of
the number of shares of our common stock beneficially owned by a person and the percentage ownership of that person includes both
outstanding shares of our common stock then owned as well as any shares of our common stock subject to options or warrants held
by that person that are currently exercisable or exercisable within 60 days of August 20, 2018.&nbsp;&nbsp;Shares subject to those
options or warrants for a particular person are not included as outstanding, however, for the purpose of computing the percentage
ownership of any other person. We have based percentage ownership of our common stock on 22,873,447 shares of our common stock
outstanding as of August 20, 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 47.05pt"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Name<SUP>(1)</SUP></B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Number of Shares Beneficially Owned</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Percentage of Shares Beneficially Owned</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 64%"><FONT STYLE="font-size: 10pt"><B>Executive Officers and Directors:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 16%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 16%">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Srinidhi &ldquo;Dev&rdquo; Devanur</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">6,276,375</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-size: 10pt">27.4%</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Dimitrios J. Angelis<SUP>(3)</SUP></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">65,990</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-size: 10pt">*</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">James Shad<SUP>(4)</SUP></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-size: 10pt">*</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Robert Shawah<SUP>(5)</SUP></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">400</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-size: 10pt">*</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Viraj Patel<SUP>(6)</SUP></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">25,000</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-size: 10pt">*</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Brent Kelton<SUP>(7)</SUP></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">93,176</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-size: 10pt">*</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">David Luci<SUP>(8)</SUP></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">40,574</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-size: 10pt">*</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">All executive officers and directors as a group (7 persons)<SUP>(9)</SUP></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">6,501,515</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-size: 10pt">28.3%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>5% Stockholders and Purchasers:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Lone Star Value Management, LLC<SUP>(2)</SUP></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">2,296,842</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-size: 10pt">9.6%</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Dhruwa N. Rai<SUP>(10)</SUP></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">1,164,713</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-size: 10pt">5.0%</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Giri Devanur<SUP>(11)</SUP></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">1,799,110</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-size: 10pt">7.9%</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Anson Investments Master Fund LP<SUP>(12)</SUP></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">2,285,057</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-size: 10pt">9.99%</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Hudson Bay Master Fund Ltd.<SUP>(13)</SUP></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">2,285,057</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-size: 10pt">9.99%</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B<SUP>(14)</SUP></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">1,141,385</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-size: 10pt">4.99%</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">RD Data Solutions, LLC<SUP>(15)</SUP></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">900,750</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-size: 10pt">3.79%</FONT></TD></TR>
</TABLE>


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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin-top: 3pt; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">*</TD><TD STYLE="text-align: justify">Less than one percent of outstanding shares.</TD></TR></TABLE><!-- Field: Page; Sequence: 15 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><A HREF="#TableOfContents">Table of Contents</A>&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin-top: 3pt; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(1)</TD><TD STYLE="text-align: justify">Unless otherwise indicated, the address of each person or entity is c/o AMERI Holdings, Inc., 5000
Research Court, Suite 750, Suwanee, Georgia 30024.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin-top: 3pt; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(2)</TD><TD STYLE="text-align: justify">Includes (A) 1,100,000 shares of common stock reserved for issuance upon the exercise of warrants,
held of record by Lone Star Value Investors, LP (&ldquo;LSVI&rdquo;) and (B) 1,196,842 shares of common stock held of record by
Jeffrey E. Eberwein, our Chairman. Lone Star Value Investors GP, LLC (&ldquo;Lone Star Value GP&rdquo;), the general partner of
LSVI and Lone Star Value Management, the investment manager of LSVI, may be deemed to beneficially own the 1,113,910 shares held
by LSVI. Jeffrey E. Eberwein as the managing member of Lone Star Value GP may be deemed to beneficially own the 1,113,910 shares
held by LSVI. Mr. Eberwein disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
The address of Mr. Eberwein, LSVI, Lone Star Value GP and Lone Star Value Management is 53 Forest Avenue, 1st Floor, Old Greenwich,
CT 06870.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin-top: 3pt; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(3)</TD><TD STYLE="text-align: justify">Consists of 40,990 shares of common stock and 25,000 shares of common stock issuable upon exercise
of options exercisable within 60 days.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin-top: 3pt; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(4)</TD><TD STYLE="text-align: justify"><P STYLE="margin-top: 0; margin-bottom: 0">Mr.
Shad does not currently own any shares of common stock or Company securities exercisable for common stock within 60 days.</P></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin-top: 3pt; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(5)</TD><TD STYLE="text-align: justify"><P STYLE="margin: 0">Consists of 400
shares of common stock.</P></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin-top: 3pt; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(6)</TD><TD STYLE="text-align: justify">Consists of 25,000 shares of common stock issuable upon exercise of options exercisable within
60 days.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin-top: 3pt; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(7)</TD><TD STYLE="text-align: justify">Consists of 93,176 shares of common stock.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin-top: 3pt; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(8)</TD><TD STYLE="text-align: justify">Consists of 2,430 shares of common stock, 2,430 shares of common stock issuable upon the exercise
of warrants that are currently exercisable and 35,714 shares of common stock issuable upon the conversion of a $100,000 convertible
promissory note with a conversion price of $2.80 per share.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin-top: 3pt; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(9)</TD><TD STYLE="text-align: justify"><P STYLE="margin: 0">Consists of 6,413,371
shares of common stock, 2,430 shares of common stock issuable upon the exercise of warrants that are currently exercisable, 35,714
shares of common stock issuable upon the conversion of a $100,000 convertible promissory note with a conversion price of $2.80
per share and 50,000 shares of common stock issuable upon exercise of options exercisable within 60 days.</P></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin-top: 3pt; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(10)</TD><TD STYLE="text-align: justify">Consists of 1,164,713 shares of common stock and 357,143 shares of common stock issuable upon the
conversion of a $1,000,000 convertible promissory note with a conversion price of $2.80 per share.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin-top: 3pt; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(11)</TD><TD STYLE="text-align: justify">Consists of 1,761,989 shares of common stock and 37,121 shares of common stock issuable upon the
exercise of warrants that are currently exercisable.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin-top: 3pt; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(12)</TD><TD STYLE="text-align: justify">The ownership of Anson Investments Master Fund LP is subject to a 9.99% ownership blocker, pursuant
to which shares of our common stock may not be issued, whether pursuant to the Securities Purchase Agreement or Warrants, to the
extent such issuance would cause Anson Investments Master Fund LP to beneficially own more than 9.99% of our outstanding common
stock. The share ownership numbers and percentages for Anson Investments Master Fund LP in the table above reflect this 9.99% blocker.
As of August 20, 2018, Anson Investments Master Fund LP owns 1,250,000 outstanding shares of our common stock and Warrants to purchase
1,749,999 shares of our common stock. To the extent the NASDAQ 20% Issuance Proposal is approved, the number of shares of our common
stock that will become issuable to Anson Investments Master Fund LP will increase as described above in this proxy statement. Anson
Advisors Inc. and Anson Funds Management LP, the co-investment advisers of Anson Investments Master Fund LP (&ldquo;Anson&rdquo;),
hold voting and dispositive power over the shares held by Anson. Bruce Winson is the managing member of Anson Management GP LLC,
which is the general partner of Anson Funds Management LP. Moez Kassam and Amin Nathoo are directors of Anson Advisors Inc. Mr.
Winson, Mr. Kassam and Mr. Nathoo each disclaim beneficial ownership of these shares except to the extent of their pecuniary interest
therein. The principal business address of Anson is 190 Elgin Ave., George Town, Grand Cayman.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin-top: 3pt; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(13)</TD><TD STYLE="text-align: justify">The ownership of Hudson Bay Master Fund Ltd. is subject to a 9.99% ownership blocker, pursuant
to which shares of our common stock may not be issued, whether pursuant to the Securities Purchase Agreement or Warrants, to the
extent such issuance would cause Hudson Bay Master Fund Ltd. to beneficially own more than 9.99% of our outstanding common stock.
The share ownership numbers and percentages for Hudson Bay Master Fund Ltd. in the table above reflect this 9.99% blocker. As of
August 20, 2018, Hudson Bay Master Fund Ltd. owns 1,000,000 outstanding shares of our common stock and Warrants to purchase 2,000,001
shares of our common stock. To the extent the NASDAQ 20% Issuance Proposal is approved, the number of shares of our common stock
that will become issuable to Hudson Bay Master Fund Ltd. will increase as described above in this proxy statement. Hudson Bay Capital
Management, L.P., the investment manager of Hudson Bay Master Fund Ltd., has voting and investment power over these securities.
Sander Gerber is the managing member of Hudson Bay Capital GP LLC, which is the general partner of Hudson Bay Capital Management,
L.P. Each of Hudson Bay Master Fund Ltd. and Sander Gerber disclaims beneficial ownership over these securities. The principal
business address of Hudson Bay Master Fund Ltd. is c/o Hudson Bay Capital Management LP, 777 Third Avenue, 30th Floor, New York,
NY 10017.</TD></TR></TABLE><!-- Field: Page; Sequence: 16 -->
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    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin-top: 3pt; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(14)</TD><TD STYLE="text-align: justify">The ownership of Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B is subject to
a 4.99% ownership blocker, pursuant to which shares of our common stock may not be issued, whether pursuant to the Securities Purchase
Agreement or Warrants, to the extent such issuance would cause Alto Opportunity Master Fund, SPC - Segregated Master Portfolio
B to beneficially own more than 4.99% of our outstanding common stock. The share ownership numbers and percentages for Alto Opportunity
Master Fund, SPC - Segregated Master Portfolio B in the table above reflect this 4.99% blocker. As of August 20, 2018, Alto Opportunity
Master Fund, SPC - Segregated Master Portfolio B owns 1,000,000 outstanding shares of our common stock and Warrants to purchase
2,000,001 shares of our common stock. To the extent the NASDAQ 20% Issuance Proposal is approved, the number of shares of our common
stock that will become issuable to Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B will increase as described
above in this proxy statement. Ayrton Capital LLC, the investment manager to Alto Opportunity Master Fund, SPC - Segregated Master
Portfolio B, has discretionary authority to vote and dispose of the shares held by Alto Opportunity Master Fund, SPC - Segregated
Master Portfolio B and may be deemed to be the beneficial owner of these shares. Waqas Khatri, in his capacity as Managing Member
of Ayrton Capital LLC, may also be deemed to have investment discretion and voting power over the shares held by Alto Opportunity
Master Fund, SPC - Segregated Master Portfolio B. Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B and Mr. Khatri
each disclaim any beneficial ownership of these shares. The address of Ayrton Capital LLC is 222 Broadway, 19th Floor, New York,
NY 10038.</TD></TR></TABLE>





<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt/11.4pt Times New Roman, Times, Serif; margin-top: 3pt; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(15)</TD><TD STYLE="text-align: justify">The ownership of RD Data Solutions, LLC is subject to a 4.99% ownership blocker, pursuant to which
shares of our common stock may not be issued, whether pursuant to the Securities Purchase Agreements or Warrants, to the extent
such issuance would cause RD Data Solutions, LLC to beneficially own more than 4.99% of our outstanding common stock. The share
ownership numbers and percentages for RD Data Solutions, LLC in the table above reflect this 4.99% blocker. As of August 20, 2018,
RD Data Solutions, LLC owns Warrants to purchase 900,750 shares of our common stock, subject to stockholder approval. To the extent
the NASDAQ 20% Issuance Proposal is approved, the number of shares of our common stock that will become issuable to RD Data Solutions,
LLC will increase as described above in this proxy statement. Reuben D&rsquo;Souza, the Chief Executive Officer and member of RD
Data Solutions, LLC, has voting and investment power over these securities. Each of RD Data Solutions, LLC and Reuben D&rsquo;Souza
disclaims beneficial ownership over these securities. The principal business address of RD Data Solutions, LLC is c2608 Avalon
Drive, Lewisville, TX 75056.</TD></TR></TABLE>



<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify; text-indent: 0.5in">In addition,
as of August 20, 2018, we had 418,626 shares of Series A Preferred Stock issued and outstanding, held by 71 holders of record.
Our Series A Preferred Stock is not entitled to vote for purposes of the NASDAQ 20% Issuance Proposal.</P>

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<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: center"><B><A NAME="Other"></A>OTHER MATTERS</B></P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify; text-indent: 23pt">The Board of
Directors does not know of any other matters to be presented at the Special Meeting. If any additional matters are properly presented
or otherwise allowed to be considered at the Special Meeting, the persons named in the enclosed proxy will have discretion to vote
shares they represent in accordance with their own judgment on such matters.</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify; text-indent: 23pt">It is important
that your shares be represented at the meeting, regardless of the number of shares that you hold. You are, therefore, urged to
submit your proxy or voting instructions at your earliest convenience.</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0.25in 0 0; text-align: center">BY ORDER OF THE BOARD OF DIRECTORS</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 12pt 0 0">Suwanee, Georgia</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 12pt 0 0">Dated: August 22, 2018</P>

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    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: center"><B>SPECIAL MEETING OF STOCKHOLDERS OF</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 51%; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="width: 1%; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="width: 48%; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#162;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#162;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>AMERI HOLDINGS, INC.</B></P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>5000 Research Court, Suite 750</B></P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Suwanee, Georgia 30024</B></P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: center"><B>THIS PROXY IS SOLICITED ON BEHALF
OF THE BOARD OF DIRECTORS</B></P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 23pt">The undersigned
hereby appoints Viraj Patel, with the power of substitution, to represent and vote the shares of the undersigned, with all the
powers which the undersigned would possess if personally present, at the Special Meeting of Stockholders of Ameri Holdings, Inc.
to be held on September 27, 2018 or at any postponement or adjournment thereof, and to vote all shares of common stock which
the undersigned would be entitled to vote if then and there personally present on the matters set forth on the reverse side.</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 23pt">THE BOARD OF
DIRECTORS RECOMMENDS THAT YOU VOTE &ldquo;FOR&rdquo; THE NASDAQ 20% ISSUANCE PROPOSAL. WHEN PROPERLY EXECUTED, THIS PROXY WILL
BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED: &ldquo;FOR&rdquo;
THE NASDAQ 20% ISSUANCE PROPOSAL, AND AS THE PROXY HOLDER MAY DETERMINE IN HIS DISCRETION WITH REGARD TO ANY OTHER MATTER PROPERLY
BROUGHT BEFORE THE ANNUAL MEETING.</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 23pt"><B>PLEASE MARK,
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE-PAID ENVELOPE.</B></P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: center"><B>(Continued and to be signed on
the reverse side)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 7pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 51%; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="width: 1%; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="width: 48%; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt"><FONT STYLE="font-family: Wingdings">&#162;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Wingdings">&#162;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 3pt 0 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 3pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SPECIAL MEETING OF STOCKHOLDERS OF AMERI
HOLDINGS, INC.</B></P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>September 27, 2018</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt"><B>VOTE BY INTERNET &ndash; www.proxyvote.com</B><BR>
        Use the internet to transmit your voting instructions and for electronic delivery of information up until 11:59 P.M. Eastern Time
        the day before the cut-off date or meeting date. Have your proxy card in hand when you access the web site and follow the instructions
        to obtain your records and to create an electronic voting instruction form.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>ELECTRONIC DELIVERY OF FUTURE PROXY MATERIALS</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">If you would like to reduce the costs incurred by our company
        in mailing proxy materials, you can consent to receiving all future proxy statements, proxy cards and annual reports electronically,
        via e-mail or the internet. To sign up for electronic delivery, please follow the instructions above to vote using the internet
        and, when prompted, indicate that you agree to receive or access proxy materials electronically in future years.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>VOTE BY PHONE &ndash; 1-800-690-6903</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">Use any touch-tone telephone to transmit your voting instructions
        up until 11:59 P.M. Eastern Time the day before the cut-off date or meeting date. Have your proxy card in hand when you call and
        then follow the instructions.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>VOTE BY MAIL</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Mark, sign and date your proxy card and return it in the postage-paid
        envelope we have provided or return it to Vote Processing c/o Broadridge, 51 Mercedes Way, Edgewood, NY 11717.</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt/9pt Times New Roman, Times, Serif; margin: 0; color: red">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 99%; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="width: 1%; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border: Black 1pt solid; padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 6pt; text-align: center"><B>THE BOARD OF DIRECTORS RECOMMENDS
        A VOTE &ldquo;FOR&rdquo; THE NASDAQ 20% ISSUANCE PROPOSAL. PLEASE SIGN, DATE AND RETURN PROMPTLY IN THE ENCLOSED POSTAGE-PAID ENVELOPE.
        PLEASE MARK YOUR VOTE IN BLUE OR BLACK INK AS SHOWN HERE&nbsp;&nbsp;</B> <FONT STYLE="font-family: Wingdings">x</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 6pt; color: red">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">&nbsp;</TD></TR>
</TABLE>
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    <TD STYLE="padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-size: 10pt">FOR</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-size: 10pt">AGAINST</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-size: 10pt">ABSTAIN</FONT></TD></TR>
<TR>
    <TD COLSPAN="7" STYLE="vertical-align: bottom; padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">1. To approve for purposes of complying with Nasdaq Listing Rule 5635(d), the issuance by the Company of shares
of common stock pursuant to the terms of the private placement financing transaction by two substantively similar Securities Purchase
Agreements, one dated July 25, 2018 and one dated August 21, 2018, by and among the Company and certain institutional and/or accredited
investors, and the other documents and agreements related thereto, without giving effect to the caps on issuing shares contained
therein.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
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    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#168;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#168;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#168;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="13" STYLE="padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8pt 0 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8pt 0 0">NOTE: The proxy is authorized to vote in his discretion
        upon such other business as may properly come before the Special Meeting or any adjournment or postponement thereof.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8pt 0 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8pt 0 0">The undersigned acknowledges receipt from the Company before
        the execution of this proxy of the Notice of Special Meeting of Stockholders and Proxy Statement for the Special Meeting of Stockholders.</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="padding-right: 4pt; padding-left: 53pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="13" STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 10pt/7pt Times New Roman, Times, Serif; margin: 0 8pt 0 0">MARK &ldquo;X&rdquo; HERE IF YOU PLAN TO ATTEND THE
        MEETING.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>
        <P STYLE="font: 10pt/7pt Wingdings; margin: 0 8pt 0 0">&nbsp;</P>
        <P STYLE="font: 10pt/7pt Wingdings; margin: 0 8pt 0 0">&nbsp;</P>
        <P STYLE="font: 10pt/7pt Wingdings; margin: 0 8pt 0 0">&nbsp;</P>
        <P STYLE="font: 10pt/7pt Times New Roman, Times, Serif; margin: 0 8pt 0 0">&nbsp;</P></TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-size: 10pt">To change the address on your account, please check the box at right and indicate your new address in the address space above. Please note that changes to the registered name(s) on the account may not be submitted via this method.</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#168;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 25%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
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    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
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    <TD STYLE="width: 34%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD></TR>
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<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 22%; padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-size: 10pt">Signature&nbsp;of&nbsp;Stockholder</FONT></TD>
    <TD STYLE="width: 16%; border: Black 1pt solid; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-size: 10pt">Date:</FONT></TD>
    <TD STYLE="width: 6%; border: Black 1pt solid; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 17%; padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-size: 10pt">Signature&nbsp;of&nbsp;Stockholder</FONT></TD>
    <TD STYLE="width: 16%; border: Black 1pt solid; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;Date:</FONT></TD>
    <TD STYLE="width: 6%; border: Black 1pt solid; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD></TR>
</TABLE>
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<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 2%; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="width: 96%; padding-right: 3pt; padding-bottom: 2pt; padding-left: 15pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="font-size: 10pt"><B>Note:</B> Please sign exactly as your name or names appear on this Proxy. When shares are held jointly, each holder should sign. When signing as executor, administrator, attorney, trustee or guardian, please give full title as such. If the signer is a corporation, please sign full corporation name by duly authorized officer, giving full title as such. If signer is a partnership, please sign in partnership name by authorized person.</FONT></TD>
    <TD STYLE="width: 2%; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt"><FONT STYLE="font-family: Wingdings">&#162;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Wingdings">&#162;</FONT></TD></TR>
</TABLE>
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