X0206 3 2015-12-31-07:00 0 0001388486 Spotlight Innovation, Inc. STLT 0001690973 Kemery Michael 11147 AURORA AVENUE BUILDING 3 URBANDALE IA 50322 false false true false Common Stock 3017676 I By LLC 8% Convertible Note 0 2015-12-31-07:00 Common Stock 1666667 I By LLC Warrant 1.46 2016-10-18-06:00 2019-12-31-07:00 Common Stock 180000 I By LLC Warrant 1.00 2016-10-18-06:00 2019-12-31-07:00 Common Stock 150000 I By LLC Warrant 1.00 2016-10-18-06:00 2019-12-31-07:00 Common Stock 250000 I By LLC Warrant 1.25 2016-10-18-06:00 2019-12-31-07:00 Common Stock 100000 I By LLC Based on 50% of total held by K-4 Enterprises, LLC ("K4"), which represents the 50% equity ownership interest held by the Reporting Person. The Reporting Person is the Manager of K-4 and in such capacity holds voting and dispositive power over the securities held by such entity. This number is rounded to the nearest whole number. Represents 50% of total number of shares (3,333,333) issuable upon conversion of an 8% convertible promissory note, in the principal amount of $2,500,000, owned by K-4 (the "Note"). The Note, originally issued on December 31, 2015, was subsequently amended and restated pursuant to that certain Forbearance and Refinancing Agreement dated October 18, 2016 (the "Refinanced Noted"). The Refinanced Note is convertible only in those circumstances described in the Refinanced Note. The Maturity Date as defined in the Refinanced Note is December 31, 2021. The number of shares reported as securities underlying the Refinanced Note does not include shares issuable upon conversion of accrued interest. The Reporting Person is the Manager of K-4 and in such capacity holds voting and dispositive power over the securities held by such entity. Based on 50% of total held by K-4, which represents the 50% equity ownership interest held by the Reporting Person. /s/ Michael Kemery 2016-12-09-07:00