On December 5, 2017, Adaptive Medias, Inc., a Nevada Corporation (the “Company”) entered into a Settlement Agreement and Stipulation (the “Settlement Agreement”) with Livingston Asset Management, LLC, a Florida limited liability company (“LAM”),
pursuant to which the Company agreed to issue common stock to LAM in exchange for the settlement of $696,606.85 (the “Settlement Amount”) of past-due obligations and accounts payable of the Company.