13G Filing: 31 Group LLC and Intercloud Systems, Inc. (ICLD)

CUSIP No. 458488202

Page 7 of 9 Pages

D.

Joshua Sason

(a)

Amount beneficially owned: -183,870-

(b)

Percent of class: 0.71%

(c)

Number of shares as to which such person has:

(i)

Sole power to vote or to direct the vote: -0-

(ii)

Shared power to vote or to direct the vote: -183,870-

(iii)

Sole power to dispose or to direct the disposition of: -0-

(iv)

Shared power to dispose or to direct the disposition of: -183,870-

The information required by Items 4(a) – (c) is set forth
in Rows (5) – (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such
Reporting Person.

The Company’s Quarterly Report on Form 10-Q for the quarterly
period ended September 30, 2015 filed with the Securities and Exchange Commission on November 12, 2015 discloses that the total
number of outstanding shares of Common Stock as of November 6, 2015 was 25,983,224. The percentage set forth on Row (11) and the
number of shares of Common Stock set forth on rows (6), (8) and (9) of the cover page for each Reporting Person are based on the
Company’s total number of outstanding shares of Common Stock and assume the exercise of warrants (the “Warrants”).

Pursuant to the terms of the Warrants, the Reporting Persons
can exercise the Warrants into the number of shares set forth on rows (6), (8) and (9) of the cover page for each Reporting Person.