Longboard Capital Advisors Bets Big On Resonant Inc (NASDAQ:RESN)

*As of February 22, 2017, Blue Earth Fund,
LP, Grayboard Investments, Ltd, Ptarmagin, LLC and Conrad Group Inc. Defined Benefit Plan owned in the aggregate of 4,183,459 shares
of (including shares issuable upon exercise of warrants) Common Stock of the Issuer (“Shares”). The percentage in Item
13 is based on 18,611,349 shares of Common Stock outstanding (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 4,183,459 Shares. However this filing shall not be construed to be an admission of such beneficial
ownership.