13D Filing: Great Point Partners and Connecture Inc (CNXR)

disposition of the Trust
2 Shares, Dr. Jay may be deemed to share voting and dispositive power with respect to the Trust 2 Shares. Notwithstanding the above,
Dr. Jay disclaims beneficial ownership of the GPPC Shares, the Trust 1 Shares and the Trust 2 Shares, except to the extent of his
pecuniary interest therein.

Mr. Kroin is the record
holder of the Kroin Shares. Mr. Kroin, as special managing member of Great Point, has voting and investment power with respect
to the GPPC shares, and therefore may be deemed to be the beneficial owner of the GPPC Shares. The Kroin Shares and the GPPC Shares
collectively constitute 18.60% of the aggregate shares of Common Stock outstanding, computed in accordance with Rule 13d-3. Mr.
Kroin has sole voting and dispositive power with respect to the Kroin Shares and shares voting and dispositive power with respect
to the GPPC Shares. Notwithstanding the above, Mr. Kroin disclaims beneficial ownership of the GPPC Shares, except to the extent
of his pecuniary interest therein.

Not applicable.

The following documents
are filed as exhibits and are incorporated herein.

EXHIBIT A: Joint Filing Agreement, dated as of February
6, 2017.

EXHIBIT B: Letter dated February 6, 2017, from Great
Point Partners, LLC to Issuer (Attention: Jeff Surges)