13D Filing: Longboard Capital Advisors, LLC and Resonant Inc (RESN)

*As of October 2, 2017, Blue Earth Fund,
LP, Grayboard Investments, Ltd, Ptarmagin, LLC and Conrad Group Inc. Defined Benefit Plan owned in the aggregate of 4,229,259
shares of (including shares issuable upon exercise of warrants) Common Stock of the Issuer (“Shares”). The percentage
in Item 13 is based on 16,683,127 shares; which is 14,698,827 shares of Common Stock outstanding plus 1,984,300 shares and warrants
reported on herein (explained further in Item 5 below). Longboard Capital Advisors, LLC (“Longboard”), with Brett
Conrad as it’s sole managing member, is the investment manager of Blue Earth Fund, LP, as well as the investment manager
of separate investment accounts or plans maintained by each of Grayboard Investments, Ltd., Ptarmagin, LLC, and Conrad Group Inc.
Defined Benefit Plan, in which such entities’ respective shares referred to above are held. As a result, Longboard Capital
Advisors, LLC and Mr. Conrad possess the power to vote and/or dispose or direct the disposition of all shares owned by the above
entities. Thus, for purposes of Rule 13d-3 under the Act, Longboard and Mr. Conrad may be deemed to beneficially own a total of
4,229,259 Shares. However this filing shall not be construed to be an admission of such beneficial ownership.