S STOEL RIVESup April 26, 2019 38 South Sixth Street, Suite 4200 Minneapolis, MN 55402 7.612.373.8800 F.612.373.8881 waw.stoel.com Mangarer E. DALTON . 612.373.8858 maggie.dalton@stoel.com VIA EMAIL & U.S. MAIL Lee Pederson 2126 Lyndale Ave S #6 Minneapolis, MN 53405 Email: leempete@aol.com Re: Correspondence regarding Polarity TE Dear Mr. Pederson: My firm and I represent PolarityTE, Ine. (“PolarityTE”). I have in hand a series of communications you have written over an extended period of time to and about PolarityTE. 1 write regarding those communications. Included in the communications of which I am aware are (1) seven separate letters you have addressed to Ms. Jennifer Burdman, Deputy General Counsel and Chief Intellectual Property Officer at PolarityTE, with the letters bearing dates of August 23, September 25, October 20, October 31, November 6, and November 18 of 2017, as well as August 2, 2018; and (2) multiple mail communications dated in February 2019, which you purport to address or copy to the U.S. Securities & Exchange Commission (“SEC”), unspecified representatives of the U.S. Department of Justice (“DOJ”), unspecified “Journalists,” other unspecified “interested persons,” and Ms. Minnie Baylor-Henry, who serves as a member of PolarityTE’s board of directors. ‘The letters and emails you have written are inflammatory and are laced with inaccuracies and falsehoods. The letters also suggest a fundamental misunderstanding (or ignorance) of key facts and events. I will not in this letler attempt to identify and refute all of the inaccurate information in your communications. Suffice it to say that your letters spread considerable misinformation on the very subjects you purport to elucidate. As you consider your actions going forward, you should understand the following (much or all of which you likely know but decline to explain in your various communications): + Your communications appear to manifest a fundamental misunderstanding about the role in PolarityTE (or lack thereof) of Mr. Honig, Mr. Frost, and others. We understand you have alleged in litigation involving companies other than PolarityTE various conduct by Mr. Honig and others regarding corporate control, management, or promotion, But with respect to PolarityTE, you decline to describe or acknowledge that Mr. Honig ceased participation in PolarityTE management and on its board of directors followingMr. Lee Pederson April 26, 2019 Page 2 PolarityTE’s merger with Majesco Entertainment, Inc. in late 2016, In fact, Denver Lough, who became Chief Executive Officer upon the acquisition of PolarityTE, held a ‘majority of the total voting power, which includes a proxy to vote shares held by Mr. Honig. Dr. Lough continues to hold over 35% of the total voting power of Polarity TE’s common stock, Mr. Honig and others you accuse simply are not in a position to perpetrate the actions you allege, and have not been since the merger with Polarity TE, © We are aware that you have been embroiled in a multiplicity of litigation with Messrs. Honig, Frost, and others. Your communications question these individuals” actions and. motives related to PolarityTE. Apart from the substance of your far-flung allegatio you are hardly an impartial source of information about them and their actions. © In the meantime, Polarity TE has completed two underwritten public offerings in 2018, and has achieved meaningful operational milestones, such as the launch of Skin TE and ‘meaningful progress on its intellectual property holdings. Despite achievement of these milestones, not a single PolarityTE insider has sold a single share of stock since April 5, 2017 -- the completion date of the merger. This reality plainly undermines your suggestion in the most general terms of a “pump-and-dump” scheme related to PolarityTE. In short, PolarityTE demands that you cease and desist from further dissemination of false and misleading information (o regulators and others, Of course, like other interested parties, you are entitled to communicate with Polarity TE. ‘The most recent proxy clearly describes the process t0 be used by stockholders and other parties to communicate with the Company’s board of directors. Such communications may be addressed to PolarityTE, Inc., c/o its Corporate Secretary. The current address is 123 Wright Brothers Drive, Salt Lake City, Utah 84116. Those communications will, in turn, be transmitted to the board of directors. We must insist that you avail yourself of this established communication channel if you believe you have something to communicate to PolarityTE and its board. If you persist in your pattern of inappropriate communications, PolarityTE will not hesitate to avail itself ofits legal rights and remedies. We sincerely hope that will not be necessary. Very truly yours, Margaret E. Dalton for STOEL RIVES LLP ce: Polarity TE General Counsel & Corporate Secretary 1016596001 0058409-0001