TERAWULF INC. — Director's Dealing 2016

May 23, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IKONICS CORP (IKNX)
CIK: 0001083301
Period of Report: 2016-05-23

Reporting Person: ULLAND WILLIAM C (Director, Chairman of the Board and CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-23	Common Stock	G	1000	—	Disposed	227047	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9000	Indirect

Footnotes

F1: Mr. Ulland serves as custodian of these shares which are held by his minor grandchildren.