<SEC-DOCUMENT>0001663577-18-000162.txt : 20180402
<SEC-HEADER>0001663577-18-000162.hdr.sgml : 20180402
<ACCEPTANCE-DATETIME>20180402142416
ACCESSION NUMBER:		0001663577-18-000162
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20180327
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Unregistered Sales of Equity Securities
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180402
DATE AS OF CHANGE:		20180402

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CLEANSPARK, INC.
		CENTRAL INDEX KEY:			0000827876
		STANDARD INDUSTRIAL CLASSIFICATION:	COGENERATION SERVICES & SMALL POWER PRODUCERS [4991]
		IRS NUMBER:				870449945
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-53498
		FILM NUMBER:		18728328

	BUSINESS ADDRESS:	
		STREET 1:		70 NORTH MAIN STREET, STE. 105
		CITY:			BOUNTIFUL
		STATE:			UT
		ZIP:			84010
		BUSINESS PHONE:		801-224-4405

	MAIL ADDRESS:	
		STREET 1:		70 NORTH MAIN STREET, STE. 105
		CITY:			BOUNTIFUL
		STATE:			UT
		ZIP:			84010

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	STRATEAN INC.
		DATE OF NAME CHANGE:	20141201

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SMARTDATA CORP
		DATE OF NAME CHANGE:	19880120
</SEC-HEADER>
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<TYPE>8-K
<SEQUENCE>1
<FILENAME>mainbody.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>WASHINGTON, D.C. 20549<BR>
____________________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0.25in; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PURSUANT TO SECTION 13 OR 15(d) OF</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>THE SECURITIES EXCHANGE ACT OF 1934</B><BR>
<BR>
Date of Report (Date of earliest event reported): <B><U>March 27, 2018</U></B><BR>
<BR>
<B><U>CleanSpark, Inc.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact name of registrant as specified in its
charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; text-align: center"><B><U>Nevada</U></B></TD>
    <TD STYLE="width: 34%; text-align: center"><B><U>000-53498</U></B></TD>
    <TD STYLE="width: 33%; text-align: center"><B><U>87-0449945</U></B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(State or other jurisdiction of incorporation)</TD>
    <TD STYLE="text-align: center">(Commission File Number)</TD>
    <TD STYLE="text-align: center">(I.R.S. Employer Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 67%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>70 North Main Street, Ste. 105</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>Bountiful, Utah</U></B></P></TD>
    <TD STYLE="vertical-align: bottom; width: 33%; text-align: center"><B><U>84010</U></B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(Address of principal executive offices)</TD>
    <TD STYLE="text-align: center">(Zip Code)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">Registrant&#8217;s telephone number, including area code: <B>(801)
244-4405</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">________________________________________________</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Former name or former address, if changed since
        last report)</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23.05pt">[ ]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Written
communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)</P>

<P STYLE="font: 10pt Courier New, Courier, Monospace; margin: 0; text-indent: 23.05pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23.05pt">[ ]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Courier New, Courier, Monospace; margin: 0; text-indent: 23.05pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23.05pt">[ ]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Courier New, Courier, Monospace; margin: 0; text-indent: 23.05pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23.05pt">[ ]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Emerging growth company [ ]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act. [ ]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>SECTION 1 - REGISTRANT'S BUSINESS AND OPERATIONS</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>ITEM 1.01 - ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">CleanSpark, Inc. (the &#8220;Company&#8221; ), entered into a Securities
Purchase Agreement (&#8220;Securities Purchase Agreement&#8221;) dated March 23, 2018 with Labrys Fund, LP (the &#8220;Purchaser&#8221;),
which required standard closing events such as funding which were fulfilled on March 27, 2018, pursuant to which the Company issued
to the Purchaser a Convertible Promissory Note (the &#8220;Note&#8221;) in the aggregate principal amount of $550,000. The Note
has a maturity date of six months for each tranche funded and the Company has agreed to pay interest on the unpaid principal balance
of the Note at the rate of twelve percent (12%) per annum from the date on which the Note is issued (the &#8220;Issue Date&#8221;)
until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This Note carries a prorated original issue discount of $50,000.00
(the &#8220;OID&#8221;), to cover the Purchaser&#8217;s accounting fees, due diligence fees, monitoring, and/or other transactional
costs incurred in connection with the purchase and sale of the Note, which is included in the principal balance of this Note. Thus,
the purchase price of this Note shall be up to $500,000.00, computed as follows: the principal amount minus the OID. At the closing
of the first tranche, the outstanding principal amount under this Note shall be $220,000.00, consisting of the first tranche plus
the prorated portion of the OID.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has the right to prepay the Note, provided it makes
a payment to the Purchaser as set forth in the Note within 180 days of its Issue Date. In connection with the issuance of the Note,
the Company issued to the Purchaser, as a commitment fee, 137,500 shares of its common stock (the &#8220;Returnable Shares&#8221;)
as well as 100,000 shares of its common stock (the &#8220;Non-Returnable Shares&#8221;), as further provided in the Note. The Returnable
Shares shall be returned to the Company&#8217;s treasury if no Event of Default (as defined in the Note) has occurred on or prior
to the date that the Note is fully repaid and satisfied. The Non-Returnable Shares are earned on the Initial Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The outstanding principal amount of the Note (if any) is convertible
at any time and from time to time at the election of the Purchaser during the period beginning on the date that is 180 days following
the Issue Date into shares of the Company&#8217;s common stock, par value $0.001 per share (the &#8220;Common Stock&#8221;) at
a conversion price set forth in the Note, subject to adjustment as set forth in the Note. In addition, upon the occurrence and
during the continuation of an Event of Default (as defined in the Note), the Note will become immediately due and payable and the
Company has agreed to pay to the Purchaser, in full satisfaction of its obligations thereunder, additional amounts as set forth
in the Note.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Note contains certain covenants, such as restrictions on: (i)
distributions on capital stock, (ii) stock repurchases, (iii) certain loans, and (iii) sales and the transfer of assets. The Note
also contains certain anti-dilution provisions that apply in connection with any stock split, stock dividend, stock combination,
recapitalization or similar transactions. In addition, subject to limited exceptions, the Purchaser will not have the right to
convert any portion of the Note if the Purchaser, together with its affiliates, would beneficially own in excess of 4.99% of the
number of shares of the Company&#8217;s Common Stock outstanding immediately after giving effect to its conversion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The foregoing description of the terms of the Note and the Securities
Purchase Agreement do not purport to be complete and are qualified in their entirety by reference to the provisions of such agreements,
the forms of which are filed as Exhibits 4.1 and 10.1, respectively, to this Current Report on Form 8-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>SECTION 2 - FINANCIAL INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase"><B>Item 2.03 &#8211; Creation
of a Direct Financial Obligation</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The information set forth in Items 1.01 is
incorporated into this Item 2.03 by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>SECTION 3 - SECURITIES AND TRADING MARKETS</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>ITEM 3.02 - UNREGISTERED SALES OF EQUITY SECURITIES</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The information provided in Items 1.01 and 2.03 of this Current
Report on Form 8-K is incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We claim an exemption from the registration requirements of the
Securities Act, for the private placement of these securities pursuant to Section 4(a)(2) of the Securities Act and/or Regulation
D promulgated thereunder because, among other things, the transaction did not involve a public offering, the Purchaser is an accredited
investors, the Purchaser acquired the securities for investment and not resale, and we took appropriate measures to restrict the
transfer of the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>SECTION 8 &ndash; OTHER EVENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>ITEM 8.01 OTHER EVENTS.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 27, 2018, the Company entered into
a non-binding letter of intent with a custom electrical product manufacturing Company (&ldquo;Manufacturer&rdquo;) to acquire certain
assets, including the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Franklin Gothic Book; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">All accounts receivable
held by the Manufacturer at Closing, less appropriate allowance for doubtful accounts;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Franklin Gothic Book; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">All trade accounts payable
and accrued liabilities held by the Company at Closing;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Franklin Gothic Book; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">All inventory held by
the Company at Closing;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Franklin Gothic Book; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Small tools;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Franklin Gothic Book; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Furniture and fixtures;
and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Franklin Gothic Book; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fee-Free license agreement
for use of the Manufactuer&rsquo;s brand name for limited period to be mutually agreed-upon; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Franklin Gothic Book; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">All Purchase Orders,
Customer contracts, and client list(s).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company intends to strategically use the
assets to increase its impact in the Microgrid market. Under the terms of the LOI the name of the Manufacturer and the considerations
to be paid for the acquisition are required to remain confidential until the definitive documents are signed. Upon signing of the
definitive documents, the Company will disclose the full details of the acquisition include the consideration to be paid and the
name of the manufacturer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company anticipates entering into definitive
agreements with the Manufacturer reflecting the foregoing on or before April 27, 2018 which will include a planned closing date
of June 30, 2018. There is no assurance, however, that the Company will actually execute definitive agreements with Pioneer or
that the transactions contemplated will close.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>SECTION 9 &#8211; <FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Financial
Statements and Exhibits</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase"><B>Item 9.01 Financial Statements
and Exhibits. </B></FONT></P>

<P STYLE="font: 10pt Courier New, Courier, Monospace; margin: 0 0 0 1in; text-indent: -1in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; font: 10pt Courier New, Courier, Monospace"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Exhibit No.</B></FONT></TD>
    <TD STYLE="width: 85%; font: 10pt Courier New, Courier, Monospace"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Description</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Courier New, Courier, Monospace"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.1</FONT></TD>
    <TD STYLE="font: 10pt Courier New, Courier, Monospace"><FONT STYLE="font-family: Times New Roman, Times, Serif"><A HREF="ex4_1.htm">Note</A></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Courier New, Courier, Monospace"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.1</FONT></TD>
    <TD STYLE="font: 10pt Courier New, Courier, Monospace"><A HREF="ex10_1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif">Securities Purchase Agreement</FONT></A></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Courier New, Courier, Monospace; margin: 0; text-indent: 54.75pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>CleanSpark, Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>/s/ Zachary Bradford</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Zachary Bradford<BR>
CFO</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Date: April 2, 2018</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B></B></P>


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<DOCUMENT>
<TYPE>EX-4.1
<SEQUENCE>2
<FILENAME>ex4_1.htm
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<HEAD>
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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.55pt 0 5.95pt; text-align: justify"><B>NEITHER THE ISSUANCE
AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED
FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER
THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY
ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID
ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR
FINANCING ARRANGEMENT SECURED BY THE SECURITIES.</B></P>

<P STYLE="font: 13pt Bookman Old Style, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 33.85pt 0 6.8pt"><B>Principal Amount: $550,000.00&#9;Issue Date:
March 23, 2018 Purchase Price: $500,000.00 Original Issue Discount: $50,000.00</B></P>

<P STYLE="font: 13pt Bookman Old Style, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 9.5pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 0 0 133.55pt"><B><U>CONVERTIBLE PROMISSORY NOTE</U></B></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 5.95pt; text-align: justify"><B>FOR VALUE
RECEIVED</B>, <B>CLEANSPARK, INC.</B>, a Nevada corporation (hereinafter called the &#8220;Borrower&#8221; or
&#8220;Company&#8221;), hereby promises to pay to the order of <B>LABRYS FUND, LP</B>, a Delaware limited partnership, or
registered assigns (the &#8220;Holder&#8221;) the sum of up to US$550,000.00, together with any interest as set forth herein,
and to pay interest on <FONT STYLE="letter-spacing: -0.1pt">the </FONT>unpaid principal balance hereof at the rate of twelve
percent (12%) (the &#8220;Interest Rate&#8221;) per annum from the date hereof (the &#8220;Issue Date&#8221;) until the same
becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise. <FONT STYLE="letter-spacing: -0.1pt">The</FONT>
consideration to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower for this Note is up to $500,000.00 (the
&#8220;Consideration&#8221;). The Holder shall pay $200,000.00 of the Consideration (the &#8220;First Tranche&#8221;) within
a reasonable amount of time of the full execution of the transactional documents related to this Note. At the closing of the
First Tranche, the outstanding principal amount under this Note shall be $220,000.00, consisting of the First Tranche plus
the prorated portion of the OID (as defined herein). The Holder may pay, in its sole discretion, such additional amounts of
the Consideration and at such dates as the Holder may choose in its sole discretion. <B>THE PRINCIPAL SUM DUE TO THE HOLDER
SHALL BE PRORATED BASED ON THE CONSIDERATION ACTUALLY PAID BY THE HOLDER, AS WELL AS THE APPLICABLE PORTION OF THE OID, FEES,
AND INTEREST.</B> <FONT STYLE="letter-spacing: -0.1pt">The</FONT> maturity date for each tranche funded shall be six (6)
months from the effective date of the payment for the respective tranche (each a &#8220;Maturity Date&#8221;), and is <FONT STYLE="letter-spacing: -0.1pt">the </FONT>date
upon which the principal sum of each respective tranche, as well <FONT STYLE="letter-spacing: -0.15pt">as </FONT>any accrued
and unpaid interest and other penalties relating to that respective tranche, shall be due and payable. In connection with the
issuance of this convertible promissory note (the &#8220;Note&#8221;), the Borrower shall, on the Issue Date, issue
137,500 shares of common stock (the &#8220;Returnable Shares&#8221;) to Holder as a</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.75pt 0 5.95pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.7pt 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.7pt 0 6pt; text-align: justify">commitment fee, <U>provided</U>,
<U>however</U>, <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Returnable Shares must be returned to the Borrower&#8217;s treasury
if the Note is fully repaid and satisfied prior to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>date which is one hundred eighty
(180) days following the Issue Date, subject further to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>terms and conditions of
this Note.</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.6pt 0 5.95pt; text-align: justify">This Note may not be
prepaid in whole or in part except as otherwise explicitly set forth herein. Any amount of principal or interest on this Note which
is not paid when due shall bear interest at <FONT STYLE="letter-spacing: -0.1pt">the </FONT>rate of the lesser of (i) twenty-four
percent (24%) per annum or (ii) the maximum amount allowed by law from <FONT STYLE="letter-spacing: -0.1pt">the </FONT>due date
thereof until the same is paid (the &#8220;Default Interest&#8221;). Interest shall commence accruing on <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>date that <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Note is fully paid and shall be computed on the basis of a 365-day
year and the actual number of days elapsed. All payments due hereunder (to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>extent
not converted into common stock, $0.001 par value per share (the &#8220;Common Stock&#8221;) in accordance with the terms hereof)
shall be made in lawful money of the United States of America.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.6pt 0 6pt; text-align: justify">All payments shall be made
at such address as the Holder shall hereafter give to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower by written notice
made in accordance with the provisions of this Note. Whenever any amount expressed to be due by <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>terms of this Note is due on any day which is not a business day, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>same shall
instead be due on the next succeeding day which is a business day and, in <FONT STYLE="letter-spacing: -0.1pt">the </FONT>case
of any interest payment date which is not the date on which this Note is paid in full, the extension of the due date thereof shall
not be taken into account for purposes of determining the amount of interest due on such date. As used in this Note, <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>term &#8220;business day&#8221; shall mean any day other than a Saturday, Sunday or a day on which commercial banks in the
city of New York, New York are authorized or required by law or executive order to remain closed. Each capitalized term used herein,
and not otherwise defined, shall have the meaning ascribed thereto in that certain Securities Purchase Agreement dated <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>date hereof, pursuant to which this Note was originally issued (the &#8220;Purchase Agreement&#8221;).</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.8pt 0 5.95pt; text-align: justify">This Note carries a prorated
original issue discount of $50,000.00 (the &#8220;OID&#8221;), to cover the Holder&#8217;s accounting fees, due diligence fees,
monitoring, and/or other transactional costs incurred in connection with the purchase and sale of the Note, which is included in
the principal balance of this Note. Thus, the purchase price of this Note shall be up to $500,000.00, computed as follows: the
Principal Amount minus the OID.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.8pt 0 5.95pt; text-align: justify">This Note is free from all
taxes, liens, claims and encumbrances with respect to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>issue thereof and shall not
be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability
upon <FONT STYLE="letter-spacing: -0.1pt">the </FONT>holder thereof.</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 0 0 5.95pt; text-align: justify">The following terms shall also
apply to this Note:</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 0 0 142.5pt">ARTICLE I. CONVERSION RIGHTS</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 0 0 142.5pt">&nbsp;</P>


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<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.65pt 0 6pt; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.65pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">1.1</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Conversion Right</U>. The Holder shall have <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>right, in its sole and absolute discretion, from time to time, and at any time on or following <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>date of this Note and ending on the later of (i) the Maturity Date and (ii) the date of payment of <FONT STYLE="letter-spacing: -0.15pt">the
</FONT>Default Amount (as defined in Article III) pursuant to Section 1.6(a) or Article III, each in respect of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>remaining outstanding principal amount of this Note to convert all or any part of the outstanding and unpaid principal amount
of this Note into fully paid and non-assessable shares of Common Stock, as such Common Stock exists on <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Issue Date, or any shares of capital stock or other securities of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower
into which such Common Stock shall hereafter be changed or reclassified at the Conversion Price (as defined below) determined as
provided herein (a &#8220;Conversion&#8221;); <U>provided</U>, <U>however</U>, that in no event shall the Holder be entitled to
convert any portion of this Note in excess of that portion of this Note upon conversion of which the sum of (1) <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>number of shares of Common Stock beneficially owned by <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Holder and its affiliates
(other than shares of Common Stock which may be deemed beneficially owned through the ownership of <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
unconverted portion of the Notes or the unexercised or unconverted portion of any other security of the Borrower subject to a limitation
on conversion or exercise analogous to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>limitations contained herein) and (2) the
number of shares of Common Stock issuable upon the conversion of the portion of this Note with respect to which the determination
of this proviso is being made, would result in beneficial ownership by the Holder and its affiliates of more than 4.99% of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>outstanding shares of Common Stock. For purposes of <FONT STYLE="letter-spacing: -0.1pt">the</FONT> proviso to the immediately
preceding sentence, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of
1934, as amended (the &#8220;Exchange Act&#8221;), and Regulations 13D-G thereunder, except as otherwise provided in clause (1)
of such proviso, <U>provided</U>, <U>further</U>, <U>however</U>, that the limitations on conversion may be waived by <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Holder (up to a maximum of 9.99%) upon, at the election of the Holder, not less than 61 days&#8217; prior notice to <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Borrower, and the provisions of the conversion limitation shall continue to apply until such 61st day (or such later date, as determined
by the Holder, as may be specified in such notice of waiver). The number of shares of Common Stock to be issued upon each conversion
of this Note shall be determined by dividing <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Conversion Amount (as defined below)
by the applicable Conversion Price then in effect on the date specified in the notice of conversion, in the form attached hereto
as Exhibit A (the &#8220;Notice of Conversion&#8221;), delivered to the Borrower by the Holder in accordance with Section 1.4 below;
provided that the Notice <FONT STYLE="letter-spacing: -0.15pt">of </FONT>Conversion is submitted by facsimile or e-mail (or by
other means resulting in, or reasonably expected to result in, notice) to the Borrower before 11:59 p.m., New York, New York time
on such conversion date (the &#8220;Conversion Date&#8221;).</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify">The term &#8220;Conversion
Amount&#8221; means, with respect to any conversion of this Note, the sum of (1) the principal amount of this Note to be converted
in such conversion, <U>plus</U> (2) at the Holder&#8217;s option, accrued and unpaid interest, if any, on such principal amount
at the interest rates provided in this Note to the Conversion Date, provided however, that the Borrower shall have the right to
pay any or all interest in cash, <U>plus</U> (3) at the Holder&#8217;s option, Default Interest, if any, on the amounts referred
to in the immediately preceding clauses (1) and/or (2), <U>plus</U> (4) any Additional Principal for such Conversions, plus (5)
at the Holder&#8217;s option, any amounts owed to <FONT STYLE="letter-spacing: -0.1pt">the Holder pursuant to any
other provision of this Note, all subject to the 4.99% (or up to 9.99% if increased as provided above) limitation discussed above.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.8pt 0 6pt; text-align: justify"></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Bookman Old Style, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6pt"></TD><TD STYLE="width: 29pt"><FONT STYLE="font-size: 11.5pt">1.2</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 11.5pt"><U>Conversion Price</U>.</FONT></TD></TR></TABLE>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.6pt 0 5.95pt; text-align: justify; text-indent: 0.05pt"><FONT STYLE="font-size: 11.5pt">(a)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Calculation of Conversion Price</U>. Subject to the adjustments described herein, the
conversion price (the &#8220;Conversion Price&#8221;) shall equal <FONT STYLE="letter-spacing: -0.1pt">the </FONT>lesser of (i)
70% multiplied by the lowest Trading Price (as defined below) (representing a discount rate of 30%) during the previous twenty
(20) Trading Day period ending on <FONT STYLE="letter-spacing: -0.1pt">the</FONT> latest complete Trading Day prior to the date
of this Note and (ii) <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Alternate Conversion Price (as defined herein)(subject to
equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower&#8217;s securities
or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions
and similar events). The &#8220;Alternate Conversion Price&#8221; shall mean 70% multiplied by <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Market Price (as defined herein) (representing a discount rate of 30%). &#8220;Market Price&#8221; means the lowest Trading Price
(as defined below) for the Common Stock during the twenty (20) Trading Day period ending on <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>latest complete Trading Day prior to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Conversion Date. &#8220;Trading Price&#8221;
means, for any security as of any date, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>lesser of: (i) <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>lowest trade price on the OTC Pink, OTCQB, or applicable trading market (the &#8220;OTC Market&#8221;) as reported by a
reliable reporting service (&#8220;Reporting Service&#8221;) designated by <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Holder
or, if the OTC Market is not the principal trading market for such security, the trading price of such security on <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>principal securities exchange or trading market where such security is listed or traded or, if no trading price of such
security is available in any of the foregoing manners, the average of <FONT STYLE="letter-spacing: -0.1pt">the</FONT> trading prices
of any market makers for such security that are listed in the &#8220;pink sheets&#8221; by the National Quotation Bureau, Inc.,
or (ii) <FONT STYLE="letter-spacing: -0.1pt">the </FONT>lowest closing bid price on the OTC Market as reported by a Reporting Service
designated by <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Holder or, if the OTC Market is not the principal trading market
for such security, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>closing bid price of such security on the principal securities
exchange or trading market where such security is listed or traded or, if no closing bid price of such security is available in
any of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>foregoing manners, the average of the closing bid prices of any market makers
for such security that are listed in the &#8220;pink sheets&#8221; by the National Quotation Bureau, Inc. If the Trading Price
cannot be calculated for such security on such date in the manner provided above, <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Trading Price shall be the fair market value as mutually determined by <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower
and the holders of a majority in interest of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Notes being converted for which the
calculation of <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Trading Price is required in order to determine the Conversion Price
of such Notes. &#8220;Trading Day&#8221; shall mean any day on which the Common Stock is tradable for any period on the OTC Market
or on <FONT STYLE="letter-spacing: -0.1pt">the </FONT>principal securities exchange or other securities market on which the Common
Stock is then being traded. <FONT STYLE="letter-spacing: -0.1pt">The </FONT>Borrower shall be responsible for <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>fees of its transfer agent and all DTC fees associated with any such issuance. In <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>event of any dispute or discrepancy, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>records of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Holder shall be controlling and determinative in the absence of manifest error.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.9pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">(b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Adjustment to Conversion Price</U>. At any time after the Issue Date, (i) if in <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>case that the Borrower&#8217;s Common Stock is not deliverable by DWAC (including if the Borrower&#8217;s transfer agent
has a policy prohibiting or limiting delivery of shares of</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.9pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.6pt 0 5.95pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.6pt 0 5.95pt; text-align: justify">the Borrower&#8217;s
Common Stock specified in a Notice of Conversion), (ii) if <FONT STYLE="letter-spacing: -0.15pt">the</FONT> Borrower ceases to
be a reporting company pursuant or subject to <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Exchange Act, (iii) if <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Borrower loses a market (including the OTCBB, OTCQB, OTC Pink or an equivalent replacement exchange) for its Common Stock,
(iv) if <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower fails to maintain its status as &#8220;DTC Eligible&#8221; for
any reason, (v) if the Conversion Price is less than one cent ($0.01), (vi) if <FONT STYLE="letter-spacing: -0.15pt">the </FONT>Note
cannot be converted into free trading shares on or after six months from <FONT STYLE="letter-spacing: -0.15pt">the </FONT>Issue
Date, (vii) if at any time the Borrower does not maintain or replenish the Reserved Amount (as defined herein) within three (3)
business days of <FONT STYLE="letter-spacing: -0.1pt">the</FONT> request of the Holder, (viii) if <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Borrower fails to maintain <FONT STYLE="letter-spacing: -0.1pt">the </FONT>listing of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Common Stock on at least one of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>OTC Markets or an equivalent replacement
exchange, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Nasdaq National Market, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Nasdaq
Small Cap Market, the New York Stock Exchange, or <FONT STYLE="letter-spacing: -0.1pt">the</FONT> NYSE MKT, (ix) if the Borrower
fails to comply with the reporting requirements of the Exchange Act; <FONT STYLE="letter-spacing: -0.1pt">the </FONT>reporting
requirements necessary to satisfy the availability of Rule 144 to <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Holder or its
assigns, including but not limited to <FONT STYLE="letter-spacing: -0.1pt">the</FONT> timely fulfillment of its filing requirements
as a fully-reporting issuer registered with the SEC, the requirements for XBRL filings, the requirements for disclosure of financial
statements on its website, (x) if <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Borrower effectuates a reverse split of its Common
Stock without twenty (20) days prior written notice to the Holder, (xi) if OTC Markets changes <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Borrower&#8217;s designation to &#8216;No Information&#8217; (Stop Sign), &#8216;Caveat Emptor&#8217; (Skull and Crossbones),
or &#8216;OTC&#8217;, &#8216;Other OTC&#8217; or &#8216;Grey Market&#8217; (Exclamation Mark Sign), (xii) any cessation of trading
of the Common Stock on at least one of the OTC Markets or an equivalent replacement exchange, the Nasdaq National Market, the Nasdaq
Small Cap Market, the New York Stock Exchange, or the NYSE MKT, and such cessation of trading shall continue for a period of five
consecutive (5) Trading Days, and/or (xiii) <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower loses <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>&#8220;bid&#8221; price for its Common Stock ($0.0001 on <FONT STYLE="letter-spacing: -0.1pt">the</FONT> &#8220;Ask&#8221;
with zero market makers on <FONT STYLE="letter-spacing: -0.1pt">the</FONT> &#8220;Bid&#8221; per Level 2), and/or (xiv) if <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Holder is notified in writing by the Company or the Company&#8217;s transfer agent that <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Company does not have <FONT STYLE="letter-spacing: -0.1pt">the </FONT>necessary amount of authorized and issuable shares
of Common Stock available to satisfy the issuance of Shares pursuant to a Conversion Notice, then the Holder shall be entitled
to increase, by 10% for each occurrence, cumulative or otherwise, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>discount to the
Conversion Price shall apply for all future conversions under the Note. Under no circumstances shall <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Conversion Price be less than 30% multiplied by <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Market Price due to cumulative
effect.</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Bookman Old Style, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 11.5pt">(c)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 11.5pt"><U>[Intentionally Omitted].</U></FONT></TD></TR></TABLE>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Bookman Old Style, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 11.5pt">(d)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 11.5pt"><U>[Intentionally Omitted].</U></FONT></TD></TR></TABLE>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.75pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">(e)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Par Value Adjustments</U>. To the extent the Conversion Price of the Borrower&#8217;s
Common Stock closes below the par value per share, the Borrower will take all steps necessary to solicit the consent of the stockholders
to reduce the par value to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>lowest value possible under law. The Borrower agrees
to honor all conversions submitted pending this adjustment.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">(f)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Conversion Price During Major Announcements</U>. Notwithstanding anything contained in
the preceding section to the contrary, in the event the Borrower (i) makes a public announcement that it intends to consolidate
or merge with any other</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.7pt 0 6pt; text-align: justify">corporation (other than
a merger in which the Borrower is the surviving or continuing corporation and its capital stock is unchanged) or sell or transfer
all or substantially all of the assets of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower or (ii) any person, group or
entity (including <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Borrower) publicly announces a tender offer to purchase 50% or
more of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower's Common Stock (or any other takeover scheme) (the date of <FONT STYLE="letter-spacing: -0.15pt">the
</FONT>announcement referred to in clause (i) or (ii) is hereinafter referred to as <FONT STYLE="letter-spacing: -0.1pt">the </FONT>&quot;Announcement
Date&quot;), then <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Conversion Price shall, effective upon <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Announcement Date and continuing through the Adjusted Conversion Price Termination Date (as defined below), be equal to
the lower of (x) the Conversion Price which would have been applicable for a Conversion occurring on the Announcement Date and
(y) the Conversion Price that would otherwise be in effect. From and after the Adjusted Conversion Price Termination Date, the
Conversion Price shall be determined as set forth in this Section. For purposes hereof, &quot;Adjusted Conversion Price Termination
Date&quot; shall mean, with respect to any proposed transaction or tender offer (or takeover scheme) for which a public announcement
as contemplated by this Section has been made, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>date upon which the Borrower (in
<FONT STYLE="letter-spacing: -0.1pt">the </FONT>case of clause (i) above) or <FONT STYLE="letter-spacing: -0.1pt">the </FONT>person,
group or entity (in <FONT STYLE="letter-spacing: -0.1pt">the </FONT>case of clause (ii) above) consummates or publicly announces
<FONT STYLE="letter-spacing: -0.1pt">the </FONT>termination or abandonment of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>proposed
transaction or tender offer (or takeover scheme) which caused this Section 1.2(d) to become operative.</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">(g)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Pro Rata Conversion; Disputes</U>. In <FONT STYLE="letter-spacing: -0.1pt">the </FONT>event
of a dispute as to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>number of shares of Common Stock issuable to <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Holder in connection with a conversion of this Note, <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Borrower shall issue
to <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Holder the number of shares of Common Stock not in dispute and resolve such
dispute in accordance with Section 4.13.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">1.3</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Authorized Shares</U>. <FONT STYLE="letter-spacing: -0.1pt">The </FONT>Borrower covenants
that during the period the conversion right exists, the Borrower will reserve from its authorized and unissued Common Stock a sufficient
number of shares, free from preemptive rights, to provide for the issuance of Common Stock upon the full conversion of this Note
issued pursuant to the Purchase Agreement. <FONT STYLE="letter-spacing: -0.1pt">The </FONT>Borrower is required at all times to
have authorized and reserved three (3) times the number of shares that is actually issuable upon full conversion of the Note (based
on the Conversion Price of the Notes in effect from time to time) (the &#8220;Reserved Amount&#8221;). Initially, the Company will
instruct the Transfer Agent to reserve <I>1,269,231 </I>shares of common stock in the name of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Holder for issuance upon conversion hereof. The Reserved Amount shall be increased from time to time in accordance with
the Borrower&#8217;s obligations pursuant to Section 3(d) of the Purchase Agreement. The Borrower represents that upon issuance,
such shares will be duly and validly issued, fully paid and non- assessable. In addition, if <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Borrower shall issue any securities or make any change to its capital structure which would change the number of shares
of Common Stock into which the Notes shall be convertible at the then current Conversion Price, <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Borrower shall at <FONT STYLE="letter-spacing: -0.1pt">the</FONT> same time make proper provision so that thereafter there shall
be a sufficient number of shares of Common Stock authorized and reserved, free from preemptive rights, for conversion of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>outstanding Notes.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.6pt 0 5.95pt; text-align: justify">The Borrower (i) acknowledges
that it has irrevocably instructed its transfer agent to issue certificates for the Common Stock issuable upon conversion of this
Note, and (ii) agrees that its issuance of this Note shall constitute full authority to its officers and agents who are charged
with the duty of executing stock certificates to execute and issue the necessary certificates for shares of Common Stock in accordance
with the terms and conditions of this Note. Notwithstanding the foregoing, in no event shall the Reserved Amount be lower than
the initial Reserved Amount, regardless of any prior conversions, and the Reserved Amount will be increased by a factor of two
(2) each time the Borrower issues a Variable Security (as defined herein).</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Bookman Old Style, Times, Serif; margin-top: 0.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6pt"></TD><TD STYLE="width: 29pt"><FONT STYLE="font-size: 11.5pt">1.4</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 11.5pt"><U>Method of Conversion</U>.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">(a)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Mechanics of Conversion</U>. Subject to Section 1.1, this Note may be converted by the
Holder in whole or in part at any time on or following the Issue Date, by</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.85pt 0 5.95pt; text-align: justify">(A) submitting to <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Borrower a Notice of Conversion (by facsimile, e-mail or other reasonable means of communication dispatched on <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Conversion Date prior to 11:59 p.m., New York, New York time) and (B) subject to Section 1.4(b), surrendering this Note
at the principal office of the Borrower.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 5.95pt; text-align: justify; text-indent: 0.05pt"><FONT STYLE="font-size: 11.5pt">(b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Surrender of Note Upon Conversion</U>. Notwithstanding anything to the contrary set forth
herein, upon conversion of this Note in accordance with the terms hereof, the Holder shall not be required to physically surrender
this Note to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower unless the entire unpaid principal amount of this Note is
so converted. The Holder and the Borrower shall maintain records showing the principal amount so converted and the dates of such
conversions or shall use such other method, reasonably satisfactory to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Holder and
<FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower, so as not to require physical surrender of this Note upon each such conversion.
In the event of any dispute or discrepancy, such records of the Borrower shall, <I>prima facie, </I>be controlling and determinative
in the absence of manifest error. Notwithstanding the foregoing, if any portion of this Note is converted as aforesaid, <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Holder may not transfer this Note unless <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Holder first physically surrenders
this Note to the Borrower, whereupon the Borrower will forthwith issue and deliver upon the order of <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Holder a new Note of like tenor, registered as the Holder (upon payment by the Holder of any applicable transfer taxes) may request,
representing in the aggregate <FONT STYLE="letter-spacing: -0.1pt">the </FONT>remaining unpaid principal amount of this Note. The
Holder and any assignee, by acceptance of this Note, acknowledge and agree that, by reason of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>provisions of this paragraph, following conversion of a portion of this Note, the unpaid and unconverted principal amount
of this Note represented by this Note may be less than the amount stated on the face hereof.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.75pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">(c)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Book Entry upon Conversion</U>. Notwithstanding anything to the contrary set forth herein,
upon conversion of this Note in accordance with the terms hereof, the Holder shall not be required to physically surrender this
Note to the Borrower unless the entire unpaid principal amount of this Note is so converted. The Holder and <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Borrower shall maintain records showing the principal amount so converted and the dates of such conversions or shall use
such other method, reasonably satisfactory to the Holder and <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower, so as not
to require physical surrender of this Note</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.75pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.65pt 0 5.95pt; text-align: justify">upon each such conversion.
In <FONT STYLE="letter-spacing: -0.1pt">the</FONT> event of any dispute or discrepancy, such records of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Borrower shall, <I>prima facie, </I>be controlling and determinative in <FONT STYLE="letter-spacing: -0.1pt">the </FONT>absence
of manifest error. Notwithstanding the foregoing, if any portion of this Note <FONT STYLE="letter-spacing: -0.15pt">is </FONT>converted
as aforesaid, <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Holder may not transfer this Note unless <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Holder first physically surrenders this Note to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower, whereupon the Borrower
will forthwith issue and deliver upon the order of the Holder a new Note of like tenor, registered as the Holder (upon payment
by the Holder of any applicable transfer taxes) may request, representing in <FONT STYLE="letter-spacing: -0.1pt">the </FONT>aggregate
<FONT STYLE="letter-spacing: -0.1pt">the </FONT>remaining unpaid principal amount of this Note. The Holder and any assignee, by
acceptance of this Note, acknowledge and agree that, by reason of the provisions of this paragraph, following conversion of a portion
of this Note, the unpaid and unconverted principal amount of this Note represented by this Note may be less than the amount stated
on the face hereof.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">(d)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Payment of Taxes</U>. <FONT STYLE="letter-spacing: -0.1pt">The </FONT>Borrower shall
not be required to pay any tax which may be payable in respect of any transfer involved in the issue and delivery of shares of
Common Stock or other securities or property on conversion of this Note in a name other than that of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Holder (or in street name), and the Borrower shall not be required to issue or deliver any such shares or other securities
or property unless and until <FONT STYLE="letter-spacing: -0.1pt">the </FONT>person or persons (other than the Holder or the custodian
in whose street name such shares are to be held for the Holder&#8217;s account) requesting <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>issuance thereof shall have paid to the Borrower <FONT STYLE="letter-spacing: -0.1pt">the</FONT> amount of any such tax
or shall have established to the satisfaction of the Borrower that such tax has been paid.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 5.95pt; text-align: justify; text-indent: 0.05pt"><FONT STYLE="font-size: 11.5pt">(e)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Delivery of Common Stock Upon Conversion</U>. Upon receipt by the Borrower from the Holder
of a facsimile transmission or e-mail (or other reasonable means of communication) of a Notice of Conversion meeting the requirements
for conversion as provided in this Section 1.4, the Borrower shall issue and deliver or cause to be issued and delivered to or
upon the order of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Holder certificates for <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Common Stock issuable upon such conversion within two (2) business days after such receipt (the &#8220;Deadline&#8221;)
(and, solely in <FONT STYLE="letter-spacing: -0.1pt">the </FONT>case of conversion of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>entire unpaid principal amount hereof, surrender of this Note) in accordance with the terms hereof and <FONT STYLE="letter-spacing: -0.15pt">the
</FONT>Purchase Agreement.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">(f)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Obligation of Borrower to Deliver Common Stock</U>. Upon receipt by the Borrower of a
Notice of Conversion, the Holder shall be deemed to be <FONT STYLE="letter-spacing: -0.1pt">the </FONT>holder of record of the
Common Stock issuable upon such conversion, the outstanding principal amount and the amount of accrued and unpaid interest on this
Note shall be reduced to reflect such conversion, and, unless the Borrower defaults on its obligations under this Article I, all
rights with respect to the portion of this Note being so converted shall forthwith terminate except <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
right to receive the Common Stock or other securities, cash or other assets, as herein provided, on such conversion. If the Holder
shall have given a Notice of Conversion as provided herein, the Borrower&#8217;s obligation to issue and deliver the certificates
for Common Stock shall be absolute and unconditional, irrespective of <FONT STYLE="letter-spacing: -0.1pt">the</FONT> absence of
any action by the Holder to enforce <FONT STYLE="letter-spacing: -0.1pt">the </FONT>same, any waiver or consent with respect to
any provision thereof, the recovery of any judgment against any person or any action to enforce the same, any failure or delay
in the enforcement of any other obligation of the</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.75pt 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.75pt 0 6pt; text-align: justify">Borrower to the holder
of record, or any setoff, counterclaim, recoupment, limitation or termination, or any breach or alleged breach by <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Holder of any obligation to the Borrower, and irrespective of any other circumstance which might otherwise limit such obligation
of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower to the Holder in connection with such conversion. <FONT STYLE="letter-spacing: -0.1pt">The
</FONT>Conversion Date specified in the Notice of Conversion shall be <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Conversion
Date so long as the Notice of Conversion is received by <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower before 11:59 p.m.,
New York, New York time, on such date.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.5pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">(g)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Delivery of Common Stock by Electronic Transfer</U>. In lieu of delivering physical certificates
representing the Common Stock issuable upon conversion, provided <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower is participating
in the Depository Trust Company (&#8220;DTC&#8221;) Fast Automated Securities Transfer (&#8220;FAST&#8221;) program, upon request
of the Holder and its compliance with the provisions contained in Section 1.1 and in this Section 1.4, <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Borrower shall use its commercially reasonable best efforts to cause its transfer agent to electronically transmit the Common
Stock issuable upon conversion to the Holder by crediting the account of Holder&#8217;s Prime Broker with DTC through its Deposit
Withdrawal At Custodian (&#8220;DWAC&#8221;) system.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.55pt 0 6pt; text-align: justify">(i) <U>Failure to Deliver
Common Stock Prior to Delivery Deadline</U>. Without in any way limiting the Holder&#8217;s right to pursue other remedies, including
actual damages and/or equitable relief, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>parties agree that if delivery of the Common
Stock issuable upon conversion of this Note is not delivered by the Deadline (other than a failure due to the circumstances described
in Section 1.3 above, which failure shall be governed by such Section) <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower
shall pay to the Holder $2,000 per day in cash, for each day beyond the Deadline that the Borrower fails to deliver such Common
Stock until the Borrower issues and delivers a certificate to the Holder or credit <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Holder's
balance account with OTC for <FONT STYLE="letter-spacing: -0.1pt">the </FONT>number of shares of Common Stock to which the Holder
is entitled upon such Holder's conversion of any Conversion Amount (under Holder's and Borrower's expectation that any damages
will tack back to the Issue Date). Such cash amount shall be paid to Holder by the fifth day of the month following the month in
which it has accrued or, at the option of the Holder (by written notice to the Borrower by the first day of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>month following the month in which it has accrued), shall be added to the principal amount of this Note, in which event
interest shall accrue thereon in accordance with the terms of this Note and such additional principal amount shall be convertible
into Common Stock in accordance with the terms of this Note. The Borrower agrees that the right to convert is a valuable right
to the Holder. <FONT STYLE="letter-spacing: -0.1pt">The </FONT>damages resulting from a failure, attempt to frustrate, and interference
with such conversion right are difficult if not impossible to qualify. Accordingly the parties acknowledge that the liquidated
damages provision contained in this Section 1.4(i) are justified.</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.75pt 0 6pt; text-align: justify">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Rescindment
of a Notice of Conversion</U>. If (i) the Borrower fails to respond to Holder within one (1) business day from the
Conversion Date confirming the details of Notice of Conversion, (ii) the Borrower fails to provide any of the shares of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower&#8217;s
Common Stock requested in <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Notice of Conversion within two (2) business days
from the Conversion Date specified therein, (iii) the Holder is unable to procure a legal opinion required to have the shares
of the Borrower&#8217;s Common Stock issued unrestricted and/or deposited to sell for any reason related</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 5.95pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.65pt 0 6pt; text-align: justify">to the Borrower&#8217;s
standing, (iv) the Holder is unable to deposit the shares of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower&#8217;s Common
Stock requested in the Notice of Conversion for any reason related to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower&#8217;s
standing, (v) at any time after a missed Deadline, at <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Holder&#8217;s sole discretion,
(vi) if, within three (3) business days of the transmittal of the Notice of Conversion to <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Borrower, the Common Stock has a closing bid which is 5% or lower than that set forth in the Notice of Conversion, or (vii) if
OTC Markets changes the Borrower's designation to &#8216;Limited Information&#8217; (Yield), &#8216;No Information&#8217; (Stop
Sign), &#8216;Caveat Emptor&#8217; (Skull &amp; Crossbones), &#8216;OTC&#8217;, &#8216;Other OTC&#8217; or &#8216;Grey Market&#8217;
(Exclamation Mark Sign) or other trading restriction on the day of or any day after the Conversion Date, then <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Holder maintains <FONT STYLE="letter-spacing: -0.1pt">the </FONT>option and sole discretion to rescind the applicable Notice
of Conversion (&#8220;Rescindment&#8221;) pursuant to which such Conversion Shares were issuable with a &#8220;Notice of Rescindment.&#8221;
This Note shall remain convertible before and after the Maturity Date hereof until this Note is repaid or converted in full.</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.55pt 0 5.95pt; text-align: justify; text-indent: 0.05pt"><FONT STYLE="font-size: 11.5pt">1.5</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Concerning <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Shares</U>. The shares of
Common Stock issuable upon conversion of this Note may not be sold or transferred unless (i) such shares are sold pursuant to an
effective registration statement under the Act or (ii) the Borrower or its transfer agent shall have been furnished with an opinion
of counsel (which opinion shall be in form, substance and scope customary for opinions of counsel in comparable transactions) to
the effect that <FONT STYLE="letter-spacing: -0.1pt">the </FONT>shares to be sold or transferred may be sold or transferred pursuant
to an exemption from such registration or (iii) such shares are sold or transferred pursuant to Rule 144 under <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Act (or a successor rule) (&#8220;Rule 144&#8221;) or (iv) such shares are transferred to an &#8220;affiliate&#8221; (as
defined in Rule 144) of the Borrower who agrees to sell or otherwise transfer <FONT STYLE="letter-spacing: -0.1pt">the </FONT>shares
only in accordance with this Section 1.5 and who is an Accredited Investor (as defined in <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Purchase Agreement). Except as otherwise provided in the Purchase Agreement (and subject to the removal provisions set forth
below), until such time as the shares of Common Stock issuable upon conversion of this Note have been registered under <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Act or otherwise may be sold pursuant to Rule 144 without any restriction as to the number of securities as of a particular
date that can then be immediately sold, each certificate for shares of Common Stock issuable upon conversion of this Note that
has not been so included in an effective registration statement or that has not been sold pursuant to an effective registration
statement or an exemption that permits removal of the legend, shall bear a legend substantially in <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>following form, as appropriate:</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 41.65pt 0 42pt; text-align: justify"><B>&#8220;NEITHER THE ISSUANCE
AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE HAVE
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED
FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER
THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY
ACCEPTABLE FORM, THAT REGISTRATION IS NOT
REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE
SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.&#8221;</B></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 41.65pt 0 42pt; text-align: justify"><B>&nbsp;</B></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 41.7pt 0 42pt; text-align: justify"><B></B></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify">The legend set forth above
shall be removed and <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower shall issue to the Holder a new certificate therefore
free of any transfer legend if (i) the Borrower or its transfer agent shall have received an opinion of counsel, in form, substance
and scope customary for opinions of counsel in comparable transactions, to the effect that a public sale or transfer of such Common
Stock may be made without registration under the Act, which opinion shall be reasonably accepted by <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Borrower so that the sale or transfer is effected or (ii) in <FONT STYLE="letter-spacing: -0.1pt">the </FONT>case of the
Common Stock issuable upon conversion of this Note, such security is registered for sale by the Holder under an effective registration
statement filed under the Act or otherwise may be sold pursuant to Rule 144 without any restriction as to the number of securities
as of a particular date that can then be immediately sold. In the event that the Borrower does not accept <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
opinion of counsel provided by <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Buyer with respect to the transfer of Securities
pursuant to an exemption from registration, such as Rule 144 or Regulation S, at the Deadline, it will be considered an Event of
Default pursuant to Section 3.2 of <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Note.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Bookman Old Style, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6pt"></TD><TD STYLE="width: 29pt"><FONT STYLE="font-size: 11.5pt">1.6</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 11.5pt"><U>Effect of Certain Events</U>.</FONT></TD></TR></TABLE>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">(a)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Effect of Merger, Consolidation, Etc</U>. At the option of the Holder, <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>sale, conveyance or disposition of all or substantially all of <FONT STYLE="letter-spacing: -0.1pt">the</FONT> assets of
the Borrower, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>effectuation by <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower
of a transaction or series of related transactions in which more than 50% of the voting power of the Borrower is disposed of, or
the consolidation, merger or other business combination of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower with or into
any other Person (as defined below) or Persons when the Borrower is not <FONT STYLE="letter-spacing: -0.1pt">the</FONT> survivor
shall either: (i) be deemed to be an Event of Default (as defined in Article III) pursuant to which the Borrower shall be required
to pay to <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Holder upon the consummation of and as a condition to such transaction
an amount equal to the Default Amount (as defined in Article III) or (ii) be treated pursuant to Section 1.6(b) hereof. &#8220;Person&#8221;
shall mean any individual, corporation, limited liability company, partnership, association, trust or other entity or organization.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.55pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">(b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Adjustment Due to Merger, Consolidation, Etc</U>. If, at any time when this Note is issued
and outstanding and prior to conversion of all of the Notes, there shall be any merger, consolidation, exchange of shares, recapitalization,
reorganization, or other similar event, as a result of which shares of Common Stock of the Borrower shall be changed into the same
or a different number of shares of another class or classes of stock or securities of <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Borrower or another entity, or in case of any sale or conveyance of all or substantially all of the assets of the Borrower other
than in connection with a plan of complete liquidation of the Borrower, then the Holder of this Note shall thereafter have the
right to receive upon conversion of this Note, upon the basis and upon the terms and conditions specified herein and in lieu of
the</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.55pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.65pt 0 6pt; text-align: justify">shares of Common Stock
immediately theretofore issuable upon conversion, such stock, securities or assets which the Holder would have been entitled to
receive in such transaction had this Note been converted in full immediately prior to such transaction (without regard to any limitations
on conversion set forth herein), and in any such case appropriate provisions shall be made with respect to <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
rights and interests of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Holder of this Note to the end that the provisions hereof
(including, without limitation, provisions for adjustment of the Conversion Price and of the number of shares issuable upon conversion
of the Note) shall thereafter be applicable, as nearly as may be practicable in relation to any securities or assets thereafter
deliverable upon <FONT STYLE="letter-spacing: -0.1pt">the</FONT> conversion hereof. The Borrower shall not affect any transaction
described in this Section 1.6(b) unless (a) it first gives, to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>extent practicable,
thirty (30) days prior written notice (but in any event at least fifteen (15) days prior written notice) of the record date of
<FONT STYLE="letter-spacing: -0.1pt">the </FONT>special meeting of shareholders to approve, or if there is no such record date,
the consummation of, such merger, consolidation, exchange of shares, recapitalization, reorganization or other similar event or
sale of assets (during which time the Holder shall be entitled to convert this Note) and (b) <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>resulting successor or acquiring entity (if not the Borrower) assumes by written instrument the obligations of this Section
1.6(b). The above provisions shall similarly apply to successive consolidations, mergers, sales, transfers or share exchanges.</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">(c)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Adjustment Due to Distribution</U>. If the Borrower shall declare or make any distribution
of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of
capital or otherwise (including any dividend or distribution to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower&#8217;s
shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a &#8220;Distribution&#8221;),
then <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Holder of this Note shall be entitled, upon any conversion of this Note after
the date of record for determining shareholders entitled to such Distribution, to receive <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>amount of such assets which would have been payable to the Holder with respect to <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>shares of Common Stock issuable upon such conversion had such Holder been <FONT STYLE="letter-spacing: -0.1pt">the </FONT>holder
of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.5pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">(d)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Adjustment Due to Dilutive Issuance</U>. If, at any time when any Notes are issued and
outstanding, the Borrower issues or sells, or in accordance with this Section 1.6(d) hereof is deemed to have issued or sold, in
connection with the issuance of any security convertible or exercisable into shares of Common Stock, except for shares of Common
Stock issued directly to purchasers of the Company&#8217;s common stock at $0.80 per share with respect to <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>ongoing offering, bona fide employees, officers, directors, or vendors or suppliers of <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Borrower in satisfaction of amounts owed to such vendors or suppliers (provided, however, that such vendors or suppliers shall
not have an arrangement to transfer, sell or assign such shares of Common Stock prior to the issuance of such shares), any shares
of Common Stock for no consideration or for a consideration per share (before deduction of reasonable expenses or commissions or
underwriting discounts or allowances in connection therewith) less than the Conversion Price in effect on the date of such issuance
(or deemed issuance) of such shares of Common Stock (a &#8220;Dilutive Issuance&#8221;), then immediately upon the Dilutive Issuance,
the Conversion Price will be reduced to <FONT STYLE="letter-spacing: -0.1pt">the amount of the consideration
per share received by the Borrower in such Dilutive Issuance.</FONT></FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.5pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></FONT></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.75pt 0 6pt; text-align: justify"></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.65pt 0 6pt; text-align: justify">The Borrower shall be
deemed to have issued or sold shares of Common Stock if <FONT STYLE="letter-spacing: -0.15pt">the </FONT>Borrower in any manner
issues or grants any warrants, rights or options (not including employee stock option plans), whether or not immediately exercisable,
to subscribe for or to purchase Common Stock or other securities convertible into or exchangeable for Common Stock (&#8220;Convertible
Securities&#8221;) (such warrants, rights and options to purchase Common Stock or Convertible Securities are hereinafter referred
to as &#8220;Options&#8221;) and <FONT STYLE="letter-spacing: -0.1pt">the</FONT> price per share for which Common Stock is issuable
upon <FONT STYLE="letter-spacing: -0.1pt">the </FONT>exercise of such Options is less than the Conversion Price then in effect,
then the Conversion Price shall be equal to such price per share. For purposes of the preceding sentence, the &#8220;price per
share for which Common Stock is issuable upon the exercise of such Options&#8221; is determined by dividing (i) the total amount,
if any, received or receivable by the Borrower as consideration for the issuance or granting of all such Options, plus <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>minimum aggregate amount of additional consideration, if any, payable to the Borrower upon the exercise of all such Options,
plus, in the case of Convertible Securities issuable upon the exercise of such Options, <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>minimum aggregate amount of additional consideration payable upon the conversion or exchange thereof at the time such Convertible
Securities first become convertible or exchangeable, by (ii) the maximum total number of shares of Common Stock issuable upon the
exercise of all such Options (assuming full conversion of Convertible Securities, if applicable). No further adjustment to the
Conversion Price will be made upon <FONT STYLE="letter-spacing: -0.1pt">the </FONT>actual issuance of such Common Stock upon the
exercise of such Options or upon the conversion or exchange of Convertible Securities issuable upon exercise of such Options.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.75pt 0 6pt; text-align: justify">Additionally, the Borrower
shall be deemed to have issued or sold shares of Common Stock if the Borrower in any manner issues or sells any Convertible Securities,
whether or not immediately convertible (other than where the same are issuable upon the exercise of Options), and <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>price per share for which Common Stock is issuable upon such conversion or exchange is less than the Conversion Price then
in effect, then the Conversion Price shall be equal to such price per share. For <FONT STYLE="letter-spacing: -0.1pt">the </FONT>purposes
of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>preceding sentence, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>&#8220;price
per share for which Common Stock is issuable upon such conversion or exchange&#8221; is determined by dividing (i) <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
total amount, if any, received or receivable by the Borrower as consideration for <FONT STYLE="letter-spacing: -0.1pt">the </FONT>issuance
or sale of all such Convertible Securities, plus <FONT STYLE="letter-spacing: -0.1pt">the </FONT>minimum aggregate amount of additional
consideration, if any, payable to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower upon the conversion or exchange thereof
at the time such Convertible Securities first become convertible or exchangeable, by (ii) the maximum total number of shares of
Common Stock issuable upon the conversion or exchange of all such Convertible Securities. No further adjustment to the Conversion
Price will be made upon the actual issuance of such Common Stock upon conversion or exchange of such Convertible Securities.</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.8pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">(e)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Purchase Rights</U>. If, at any time when any Notes are issued and outstanding, the Borrower
issues any convertible securities or rights to purchase stock, warrants, securities or other property (the &#8220;Purchase Rights&#8221;)
pro rata to the record holders of</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.8pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.6pt 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.6pt 0 6pt; text-align: justify">any class of Common Stock,
then the Holder of this Note will be entitled to acquire, upon <FONT STYLE="letter-spacing: -0.1pt">the </FONT>terms applicable
to such Purchase Rights, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>aggregate Purchase Rights which such Holder could have
acquired if such Holder had held <FONT STYLE="letter-spacing: -0.1pt">the </FONT>number of shares of Common Stock acquirable upon
complete conversion of this Note (without regard to any limitations on conversion contained herein) immediately before <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>date on which a record is taken for the grant, issuance or sale of such Purchase Rights or, if no such record is taken,
the date as of which the record holders of Common Stock are to be determined for the grant, issue or sale of such Purchase Rights.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">(f)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Notice of Adjustments</U>. Upon the occurrence of each adjustment or readjustment of
the Conversion Price as a result of the events described in this Section 1.6, the Borrower, at its expense, shall promptly compute
such adjustment or readjustment and prepare and furnish to the Holder a certificate setting forth such adjustment or readjustment
and showing in detail the facts upon which such adjustment or readjustment is based. The Borrower shall, upon the written request
at any time of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Holder, furnish to such Holder a like certificate setting forth
(i) such adjustment or readjustment, (ii) <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Conversion Price at the time in effect
and</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify">(iii) the number of shares
of Common Stock and the amount, if any, of other securities or property which at the time would be received upon conversion of
the Note.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Bookman Old Style, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6pt"></TD><TD STYLE="width: 29pt"><FONT STYLE="font-size: 11.5pt">1.7</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 11.5pt"><U>[Intentionally Omitted].</U></FONT></TD></TR></TABLE>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/13.45pt Bookman Old Style, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6pt"></TD><TD STYLE="width: 28.05pt"><FONT STYLE="font-size: 11.5pt">1.8</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 11.5pt"><U>Status as Shareholder</U>. Upon submission of a Notice of Conversion
by a Holder,</FONT></TD></TR></TABLE>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify">(i) <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
shares covered thereby (other than the shares, if any, which cannot be issued because their issuance would exceed such Holder&#8217;s
allocated portion of the Reserved Amount or Maximum Share Amount) shall be deemed converted into shares of Common Stock and (ii)
the Holder&#8217;s rights as a Holder of such converted portion of this Note shall cease and terminate, excepting only the right
to receive certificates for such shares of Common Stock and to any remedies provided herein or otherwise available at law or in
equity to such Holder because of a failure by the Borrower to comply with the terms of this Note. Notwithstanding the foregoing,
if a Holder has not received certificates for all shares of Common Stock prior to the third (3rd) business day after the expiration
of the Deadline with respect to a conversion of any portion of this Note for any reason, then (unless the Holder otherwise elects
to retain its status as a holder of Common Stock by so notifying the Borrower) the Holder shall regain <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>rights of a Holder of this Note with respect to such unconverted portions of this Note and the Borrower shall, as soon as
practicable, return such unconverted Note to the Holder or, if <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Note has not been
surrendered, adjust its records to reflect that such portion of this Note has not been converted. In all cases, the Holder shall
retain all of its rights and remedies (including, without limitation,</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.1pt 5.8pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">(i)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt; letter-spacing: -0.1pt">the </FONT><FONT STYLE="font-size: 11.5pt">right to receive Conversion
Default Payments pursuant to Section 1.3 to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>extent required thereby for such Conversion
Default and any subsequent Conversion Default and (ii) the right to have <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Conversion
Price with respect to subsequent conversions determined in accordance with Section 1.3) for the Borrower&#8217;s failure to convert
this Note.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.1pt 5.8pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.9pt 0 6pt; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.9pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">1.9</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Prepayment</U>. Notwithstanding anything to the contrary contained in this Note, the
Borrower may prepay the amounts outstanding hereunder pursuant to the following terms and conditions:</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.6pt 0 5.95pt; text-align: justify; text-indent: 0.05pt"><FONT STYLE="font-size: 11.5pt">(a)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt">At any time during the initial one hundred eighty (180) day period following the funding
date of the respective tranche of this Note, <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Borrower shall have the right, exercisable
on not less than three (3) Trading Days prior written notice to the Holder of the Note, to prepay the outstanding amount of the
respective tranche of this Note by making a payment to the Holder of an amount in cash equal to the sum of: (i) the then outstanding
principal amount of the respective tranche of this Note (provided, however, that if <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower
elects a partial prepayment, then the minimum principal amount of such partial prepayment shall be at least $45,000.00) <U>plus</U></FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.75pt 0 5.95pt; text-align: justify; text-indent: 0.05pt">(ii)
accrued and unpaid interest on the unpaid principal amount of the respective tranche of this Note <U>plus</U> (iii) Default Interest,
if any, in accordance with Article III, <U>plus</U> (iv) any Additional Principal, <U>plus</U> (v) at the Holder&#8217;s option,
any amounts owed to the Holder pursuant to any other provision of this Note, <U>plus</U> (vi) $750.00 to reimburse Holder for the
fees associated with the Returnable Shares.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">(b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt">After the expiration of one hundred eighty (180) days following the funding date of the
respective tranche of this Note, <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Borrower shall have no right of prepayment with
respect to that specific tranche of this Note.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.75pt 0 6pt; text-align: justify">Any notice of prepayment hereunder
(an &#8220;Optional Prepayment Notice&#8221;) shall be delivered to the Holder of <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Note at its registered addresses and shall state: (1) that the Borrower is exercising its right to prepay a specific tranche of
this Note, and (2) the date of prepayment which shall be not more than three (3) Trading Days from the date of the Optional Prepayment
Notice. On the date fixed for prepayment (the &#8220;Optional Prepayment Date&#8221;), <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Borrower shall make payment of the applicable prepayment amount to or upon the order of the Holder as specified by the Holder
in writing to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower at least three (3) business days prior to <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Optional Prepayment Date.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.6pt 0 6pt; text-align: justify">Upon confirmation by Holder
that the prepayment has been received by the Holder and that all amounts outstanding under this Note are paid in full, the Holder
shall return the Returnable Shares back to the Company&#8217;s treasury (provided, however, that if the Borrower prepaid only a
portion of the Note pursuant to the terms of the Note, then the pro rata portion of the Returnable Shares shall be returned to
the Company&#8217;s treasury on or around the Maturity Date of the First Tranche). If the Borrower delivers an Optional Prepayment
Notice and fails to pay the applicable prepayment amount due to the Holder of the Note within two (2) business days following the
Optional Prepayment Date, then the Borrower shall forever forfeit its right to prepay any part of the Note pursuant to this Section
1.9 and the Holder shall no longer be required to return the Returnable Shares to the Borrower under any circumstances.</P>

<P STYLE="font: 7pt Bookman Old Style, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>


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<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.7pt 0 6pt; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin-top: 3.95pt; margin-bottom: 0; text-align: center">ARTICLE II. CERTAIN COVENANTS</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin-top: 3.95pt; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.7pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">2.1</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Distributions on Capital Stock</U>. So long as <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Borrower shall have any obligation under this Note, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower shall not without
the Holder&#8217;s written consent (a) pay, declare or set apart for such payment, any dividend or other distribution (whether
in cash, property or other securities) on shares of capital stock other than dividends on shares of Common Stock solely in the
form of additional shares of Common Stock or (b) directly or indirectly or through any subsidiary make any other payment or distribution
in respect of its capital stock except for distributions pursuant to any shareholders&#8217; rights plan which is approved by a
majority of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower&#8217;s disinterested directors.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.75pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">2.2</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Restriction on Stock Repurchases</U>. So long as <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Borrower shall have any obligation under this Note, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower shall not without
the Holder&#8217;s written consent redeem, repurchase or otherwise acquire (whether for cash or in exchange for property or other
securities or otherwise) in any one transaction or series of related transactions any shares of capital stock of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Borrower or any warrants, rights or options to purchase or acquire any such shares.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Bookman Old Style, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6pt"></TD><TD STYLE="width: 29pt"><FONT STYLE="font-size: 11.5pt">2.3</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 11.5pt"><U>[INTENTIONALLY OMITTED].</U></FONT></TD></TR></TABLE>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">2.4</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Sale of Assets</U>. So long as <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower
shall have any obligation under this Note, the Borrower shall not, without the Holder&#8217;s written consent, sell, lease or otherwise
dispose of any significant portion of its assets outside the ordinary course of business. Any consent to <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>disposition of any assets may be conditioned on a specified use of the proceeds of disposition.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Bookman Old Style, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6pt"></TD><TD STYLE="width: 29pt"><FONT STYLE="font-size: 11.5pt">2.5</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 11.5pt"><U>[INTENTIONALLY OMITTED].</U></FONT></TD></TR></TABLE>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 5.95pt; text-align: justify; text-indent: 0.05pt"><FONT STYLE="font-size: 11.5pt">2.6</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>3(a)(10) Transaction</U>. So long as this Note is outstanding, the Borrower shall not
enter into any transaction or arrangement structured in accordance with, based upon, or related or pursuant to, in whole or in
part, Section 3(a)(l0) of <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Securities Act (a &#8220;3(a)(l0) Transaction&#8221;).
In the event that the Borrower does enter into, or makes any issuance of Common Stock related to a 3(a)(l0) Transaction while this
note is outstanding, a liquidated damages charge of 25% of the outstanding principal balance of this Note, but not less than Fifteen
Thousand Dollars ($15,000), will be assessed and will become immediately due and payable to the Holder at its election in <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>form of a cash payment or added to the balance of this Note (under Holder's and Borrower's expectation that this amount
will tack back to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Issue Date).</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 5.95pt; text-align: justify; text-indent: 0.05pt"><FONT STYLE="font-size: 11.5pt">2.7</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Preservation of Existence, etc.</U> <FONT STYLE="letter-spacing: -0.1pt">The </FONT>Borrower
shall maintain and preserve, and cause each of its Subsidiaries to maintain and preserve, its existence, rights and privileges,
and become or remain, and cause each of its Subsidiaries (other than dormant Subsidiaries that have no or minimum assets) to become
or remain, duly qualified and in good standing in each jurisdiction in which the character of the properties owned or leased by
it or in which the transaction of its business makes such qualification necessary.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 5.95pt; text-align: justify; text-indent: 0.05pt"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.7pt 0 6pt; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.7pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">2.8</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Non-circumvention</U>. The Borrower hereby covenants and agrees that <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Borrower will not, by amendment of its Certificate or Articles of Incorporation or Bylaws, or through any reorganization,
transfer of assets, consolidation, merger, scheme of arrangement, dissolution, issue or sale of securities, or any other voluntary
action, avoid or seek to avoid the observance or performance of any of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>terms of
this Note, and will at all times in good faith carry out all the provisions of this Note and take all action as may be required
to protect the rights of <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Holder.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.75pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">2.9</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Charter</U>. So long as the Borrower shall have any obligations under this Note, the
Borrower shall not amend its charter documents, including without limitation its certificate of incorporation and bylaws, in any
manner that materially and adversely affects any rights of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Holder.</FONT></P>

<P STYLE="font: 13pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 0 0 139.4pt">ARTICLE III. EVENTS OF DEFAULT</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 0 0 6pt; text-align: justify">If any of the following events
of default (each, an &#8220;Event of Default&#8221;) shall occur:</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">3.1</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Failure to Pay Principal or Interest</U>. The Borrower fails to pay <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>principal hereof or interest thereon when due on this Note, whether at maturity, upon acceleration or otherwise. Any amount
of principal on this Note which is not paid when due shall bear interest at the rate of Twenty Four percent (24%) per annum from
the due date thereof until <FONT STYLE="letter-spacing: -0.1pt">the </FONT>same is paid (&#8220;Default Interest&#8221;).</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.6pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">3.2</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Conversion and the Shares</U>. The Borrower fails to reserve <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Reserved Amount required for Holder at all times, issue shares of Common Stock to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Holder
(or announces or threatens in writing that it will not honor its obligation to do so) upon exercise by <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Holder of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>conversion rights of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Holder in accordance with the terms of this Note, fails to transfer or cause its transfer agent to transfer (issue) (electronically
or in certificated form) any certificate for shares of Common Stock issued to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Holder
upon conversion of or otherwise pursuant to this Note as and when required by this Note, the Borrower directs its transfer agent
not to transfer or delays, impairs, and/or hinders its transfer agent in transferring (or issuing) (electronically or in certificated
form) any certificate for shares of Common Stock to be issued to the Holder upon conversion of or otherwise pursuant to this Note
as and when required by this Note, or fails to remove (or directs its transfer agent not to remove or impairs, delays, and/or hinders
its transfer agent from removing) any restrictive legend (or to withdraw any stop transfer instructions in respect thereof) on
any certificate for any shares of Common Stock issued to the Holder upon conversion of or otherwise pursuant to this Note as and
when required by this Note (or makes any written announcement, statement or threat that it does not intend to honor the obligations
described in this paragraph) and any such failure shall continue uncured (or any written announcement, statement or threat not
to honor its obligations shall not be rescinded in writing) for two (2) business days after <FONT STYLE="letter-spacing: -0.15pt">the
</FONT>Holder shall have delivered a Notice of Conversion. It is an obligation of the Borrower to remain current in its obligations
to its transfer agent. It shall be an event of default of this Note, if a conversion of this Note is delayed, hindered or frustrated
due to a balance owed by <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Borrower to its transfer agent. If at the option of <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Holder, the Holder advances any
funds to the Borrower&#8217;s transfer agent in order to process a conversion, such advanced funds shall be paid by the Borrower
to the Holder within forty eight (48) hours of a demand from the Holder.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.6pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.7pt 0 6pt; text-align: justify"></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">3.3</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Breach of Covenants</U>. The Borrower breaches any material covenant or other material
term or condition contained in this Note and any collateral documents including but not limited to the Purchase Agreement.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">3.4</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Breach of Representations and Warranties</U>. Any representation or warranty of the Borrower
made herein or in any agreement, statement or certificate given in writing pursuant hereto or in connection herewith (including,
without limitation, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Purchase Agreement), shall be false or misleading in any material
respect when made and <FONT STYLE="letter-spacing: -0.1pt">the</FONT> breach of which has (or with the passage of time will have)
a material adverse effect on the rights of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Holder with respect to this Note or
the Purchase Agreement.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">3.5</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Receiver or Trustee</U>. The Borrower or any subsidiary of <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Borrower shall make an assignment for the benefit of creditors or commence proceedings for its dissolution, or apply for or consent
to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>appointment of a receiver or trustee for it or for a substantial part of its
property or business, or such a receiver or trustee shall otherwise be appointed for the Borrower or for a substantial part of
its property or business without its consent and shall not be discharged within sixty (60) days after such appointment.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.6pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">3.6</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Bankruptcy</U>. Bankruptcy, insolvency, reorganization or liquidation proceedings or
other proceedings, voluntary or involuntary, for relief under any bankruptcy law or any law for the relief of debtors shall be
instituted by or against the Borrower or any subsidiary of the Borrower, or <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower
admits in writing its inability to pay its debts generally as they mature, or have filed against it an involuntary petition for
bankruptcy relief, all under federal or state laws as applicable or the Borrower admits in writing its inability to pay its debts
generally as they mature, or have filed against it an involuntary petition for bankruptcy relief, all under international, federal
or state laws as applicable.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.8pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">3.7</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Liquidation</U>. Any dissolution, liquidation, or winding up of Borrower or any substantial
portion of its business.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.8pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">3.8</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Cessation of Operations</U>. Any cessation of operations by Borrower or Borrower admits
it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower&#8217;s
ability to continue as a &#8220;going concern&#8221; shall not be an admission that the Borrower cannot pay its debts as they become
due.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.75pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">3.9</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Maintenance of Assets</U>. <FONT STYLE="letter-spacing: -0.1pt">The </FONT>failure by
Borrower to maintain any material intellectual property rights, personal, real property or other assets which are necessary to
conduct its business (whether now or in the future).</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.75pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.6pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.6pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">3.10</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Cross-Default</U>. Notwithstanding anything to the contrary contained in this Note or
<FONT STYLE="letter-spacing: -0.1pt">the </FONT>other related or companion documents, a breach or default by the Borrower of any
covenant or other term or condition contained in any of the Other Agreements (as defined herein), after the passage of all applicable
notice and cure or grace periods, shall, at <FONT STYLE="letter-spacing: -0.1pt">the </FONT>option of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Holder, be considered a default under this Note and the Other Agreements, in which event the Holder shall be entitled (but
in no event required) to apply all rights and remedies of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Holder under the terms
of this Note and the Other Agreements by reason of a default under said Other Agreement or hereunder. &#8220;Other Agreements&#8221;
means, collectively, all agreements and instruments between, among or by: (1) the Borrower, and (2) <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Holder or any other third party, including, without limitation, promissory notes; provided, however, the term &#8220;Other
Agreements&#8221; shall not include this Note. Each of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>loan transactions will be
cross-defaulted with each other loan transaction and with all other existing and future debt of Borrower to the Holder.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.6pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">3.11</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Funding Window</U>. The Borrower agrees that it will not enter into a similar type financing
transaction (e.g. convertible promissory note) with or issue a Variable Security to any party other than the Holder for a period
of fifteen (15) Trading Days following <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Issue Date without written approval from
the Holder. The Borrower agrees that this is a material term of the Note and any breach of this Section 3.11 will result in an
Event of Default.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 11.5pt 5.65pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">3.12</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Judgments</U>. Any money judgment, writ or similar process shall be entered or filed
against the Borrower or any subsidiary of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower or any of its property or other
assets for more than $100,000.00, and shall remain unvacated, unbonded or unstayed for a period of twenty (20) days unless otherwise
consented to by <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Holder, which consent will not be unreasonably withheld.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.55pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">3.13</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Replacement of Transfer Agent</U>. In the event that the Borrower proposes to replace
its transfer agent and (i) <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower fails to obtain written approval from the Holder
prior to the effective date of such replacement, or (ii) the Borrower fails to provide, prior to the effective date of such replacement,
a fully executed Irrevocable Transfer Agent Instructions in a form as initially delivered pursuant to the Purchase Agreement (including
but not limited to the provision to irrevocably reserve shares of Common Stock in <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Reserved
Amount) signed by the successor transfer agent to Borrower and the Borrower.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.7pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">3.14</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Bid Price</U>. If the Borrower loses <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
&#8220;bid&#8221; price for its Common Stock ($0.0001 on <FONT STYLE="letter-spacing: -0.1pt">the </FONT>&#8220;Ask&#8221; with
zero market makers on <FONT STYLE="letter-spacing: -0.1pt">the </FONT>&#8220;Bid&#8221; per Level 2) and/or a market (including
<FONT STYLE="letter-spacing: -0.1pt">the </FONT>OTCBB, OTCQB or an equivalent replacement exchange) for its Common Stock.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.85pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">3.15</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Failure To Deliver Returnable Shares</U>. The Borrower fails to deliver <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Returnable Shares to the Holder within three (3) business days of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Issue
Date.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Bookman Old Style, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 11.5pt">3.16</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 11.5pt"><U>[INTENTIONALLY OMITTED]</U>.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>


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<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.85pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">3.17</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Maximum Conversion</U>. If at any time while this Note is outstanding, and assuming <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>beneficial ownership limitations contained in this Note did not apply to this specific calculation, the Holder could convert
the amounts outstanding under Note into more than 4.99% of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>outstanding shares of
Common Stock of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company as of <FONT STYLE="letter-spacing: -0.1pt">the</FONT> date
of calculation (including any beneficial ownership associated with the Returnable Shares held at the time of such calculation).</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.55pt 0 5.95pt; text-align: justify; text-indent: 0.05pt"><FONT STYLE="font-size: 11.5pt">3.18</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Prohibition on Debt and Variable Securities</U>. So long as the Note is outstanding,
<FONT STYLE="letter-spacing: -0.1pt">the</FONT> Issuer shall not, without written consent of the Investor, issue any convertible
security or variable rate security, excluding debt that (i) is incurred by a subsidiary or special purpose entity owned directly
or indirectly in whole or in part by the Company for the purpose of financing the purchase of the Company&#8217;s products and
services in the ordinary course of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company&#8217;s business, and (ii) is not required
to be reflected as a liability on the face of the Company&#8217;s consolidated balance sheet in accordance with U.S. generally
accepted accounting principles) or any Variable Security. A Variable Security shall mean any security issued by the Issuer that
(i) has or may have conversion rights of any kind, contingent, conditional or otherwise in which the number of shares that may
be issued pursuant to such conversion right varies with <FONT STYLE="letter-spacing: -0.1pt">the </FONT>market price of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>common stock; (ii) is or may become convertible into common stock (including without limitation convertible debt, warrants
or convertible preferred stock), with a conversion or exercise price that varies with the market price of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>common stock, even if such security only becomes convertible or exercisable following an event of default, the passage of
time, or another trigger event or condition; or (iii) was issued or may be issued in the future in exchange for or in connection
with any contract, security, or instrument, whether convertible or not, where <FONT STYLE="letter-spacing: -0.1pt">the </FONT>number
of shares of common stock issued or to be issued is based upon or related in any way to <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>market price of the common stock, including, but not limited to, common stock issued in connection with a Section 3(a)(9)
exchange, a Section 3(a)(10) settlement, or any other similar settlement or exchange.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.8pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">3.19</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>OTC Marketplace Segments</U>. If (i) <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Common
Stock of the Borrower or the Borrower itself has any notation on the OTC Markets Group website (<FONT STYLE="color: blue"><U>www.otcmarkets.com</U></FONT>)
other than &#8220;Current Information,&#8221; including but not limited to &#8220;Limited Information&#8221; (Yield Sign) or &#8220;No
Information&#8221; (Stop Sign), or if <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Common Stock of <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Borrower is shown only as quoted on the &#8220;grey markets,&#8221; and</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.75pt 0 6pt; text-align: justify">(ii) by reason thereof,
the Holder is unable to obtain a standard &#8220;144 legal opinion&#8221; from an attorney reasonably acceptable to The Holder,
its brokerage firm, and the Company&#8217;s transfer agent in order to facilitate the Holder&#8217;s conversion of any of the Borrower&#8217;s
obligations hereunder into shares of the Borrower&#8217;s Common Stock and thereupon deposit such shares into the Holder&#8217;s
brokerage account.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Bookman Old Style, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 11.5pt">3.20</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 11.5pt"><U>[INTENTIONALLY OMITTED].</U></FONT></TD></TR></TABLE>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">3.21</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Inside Information</U>. Any attempt by the Borrower or its officers, directors, and/or
affiliates to transmit, convey, disclose, or any actual transmittal, conveyance, or disclosure by the Borrower or its officers,
directors, and/or affiliates of material non-public information concerning the Borrower, to the holder or its successors and assigns,
which is not immediately cured by Borrower&#8217;s filing of a Form 8-K pursuant to Regulation FD on that same date.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.75pt 0 6pt; text-align: justify"></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">3.22</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>DDQ</U>. If any of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>information in the
due diligence questionnaire, provided by <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower to the Holder on or around the
Issue Date, is false or misleading in any material respect.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.8pt 0 5.95pt; text-align: justify; text-indent: 0.05pt"><FONT STYLE="font-size: 11.5pt">3.23</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Prior Notes</U>. If, at any time on or after the Issue Date, <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Borrower alters <FONT STYLE="letter-spacing: -0.1pt">the </FONT>conversion terms of any promissory note that was issued
on or before the day immediately prior to the Issue Date.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">3.24</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Failure to Comply with the Exchange Act</U>. The Borrower shall fail to comply with the
reporting requirements of the Exchange Act (including but not limited to becoming delinquent in its filings); and/or the Borrower
shall cease to be subject to the reporting requirements of the Exchange Act.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 8.05pt 5.8pt 0 6pt; text-align: justify">Upon the occurrence of
any Event of Default specified in Sections 3.1, 3.2, 3.3, 3.4, 3.5, 3.6, 3.7, 3.8, 3.9, 3.10, 3.11, 3.12, 3.13, 3.14, 3.15, 3.16,
3.17, 3.18, 3.19,</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify">3.20, 3.21, 3.22, 3.23, and/or
3.24, <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Holder shall no longer be required to return the Returnable Shares to the
Borrower under any circumstances and the Note shall become immediately due and payable and the Borrower shall pay to the Holder,
in full satisfaction of its obligations hereunder, an amount equal to (i) 150% (EXCEPT WITH RESPECT TO SECTION 3.2, IN WHICH CASE
150% SHALL BE REPLACED</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify">WITH 200%) <U>times</U> the
<U>sum</U> of (w) <FONT STYLE="letter-spacing: -0.1pt">the </FONT>then outstanding principal amount of this Note <U>plus</U> (x)
accrued and unpaid interest on the unpaid principal amount of this Note to the date of payment (the &#8220;Mandatory Prepayment
Date&#8221;) <U>plus</U> (y) Default Interest, if any, on the amounts referred to in clauses (w) and/or (x) <U>plus</U> (z) any
amounts owed to the Holder pursuant to Sections 1.3 and 1.4(g) hereof (the then outstanding principal amount of this Note to the
date of payment <U>plus</U> the amounts referred to in clauses (x), (y) and (z) shall collectively be known as the &#8220;Default
Sum&#8221;) and all other amounts payable hereunder shall immediately become due and payable, all without demand, presentment or
notice, all of which hereby are expressly waived, together with all costs, including, without limitation, legal fees and expenses,
of collection, and <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Holder shall be entitled to exercise all other rights and remedies
available at law or in equity. This requirement by the Borrower shall automatically apply upon the occurrence of an Event of Default
without the need for any party to give any notice or take any other action. Additionally, if this Note is not paid at the Maturity
Date, then the outstanding principal due under this Note shall increase by Fifteen Thousand and No/100 United States Dollars ($15,000).</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.85pt 0 6pt; text-align: justify">The Holder shall have
the right at any time to convert <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Default Amount, in whole or in part, at the Conversion
Price in effect at the time of conversion, subject to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>beneficial ownership limitations
contained in the Note.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.8pt 0 6pt; text-align: justify">If the Holder shall commence
an action or proceeding to enforce any provisions of this Note, including, without limitation, engaging an attorney, then if the
Holder prevails in such action, the Holder shall be reimbursed by the Borrower for its attorneys' fees and other
costs and expenses incurred in the investigation, preparation and prosecution of such action or proceeding.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.8pt 0 6pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.8pt 0 6pt; text-align: justify"></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.7pt 0 6pt; text-align: justify">If the Holder shall commence
an action or proceeding to enforce any provisions of this Note, including, without limitation, engaging an attorney, then if the
Holder prevails in such action, the Holder shall be reimbursed by the Borrower for its attorneys' fees and other costs and expenses
incurred in the investigation, preparation and prosecution of such action or proceeding.</P>

<P STYLE="font: 13pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 0 0 151.55pt">ARTICLE IV. MISCELLANEOUS</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">4.1</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Failure or Indulgence Not Waiver</U>. No failure or delay on the part of the Holder in
the exercise of any power, right or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise
of any such power, right or privilege preclude other or further exercise thereof or of any other right, power or privileges. All
rights and remedies existing hereunder are cumulative to, and not exclusive of, any rights or remedies otherwise available.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.6pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">4.2</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Notices</U>. All notices, demands, requests, consents, approvals, and other communications
required or permitted hereunder shall be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii)
deposited in the mail, registered or certified, return receipt requested, postage prepaid, (iii) delivered by reputable air courier
service with charges prepaid, or (iv) transmitted by hand delivery, telegram, or facsimile, addressed as set forth below or to
such other address as such party shall have specified most recently by written notice. Any notice or other communication required
or permitted to be given hereunder shall be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation
generated by <FONT STYLE="letter-spacing: -0.1pt">the </FONT>transmitting facsimile machine, at <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>address or number designated below (if delivered on a business day during normal business hours where such notice is to
be received), or <FONT STYLE="letter-spacing: -0.1pt">the</FONT> first business day following such delivery (if delivered other
than on a business day during normal business hours where such notice is to be received) or (b) on the second business day following
the date of mailing by express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing,
whichever shall first occur. The addresses for such communications shall be:</FONT></P>

<P STYLE="font: 11.5pt/27pt Bookman Old Style, Times, Serif; margin: 0.05pt 298.3pt 0 78pt; text-indent: -18.05pt">&nbsp;</P>

<P STYLE="font: 11.5pt/27pt Bookman Old Style, Times, Serif; margin: 0.05pt 298.3pt 0 78pt; text-indent: -18.05pt">If to the Borrower,
to: CleanSpark, Inc.</P>

<P STYLE="font: 11.5pt/13.45pt Bookman Old Style, Times, Serif; margin: 0.05pt 0 0 78pt">70 North Main Street, Suite 105</P>

<P STYLE="font: 11.5pt/13.45pt Bookman Old Style, Times, Serif; margin: 0 0 0 78pt">Bountiful, UT 84010</P>

<P STYLE="font: 11.5pt/200% Bookman Old Style, Times, Serif; margin: 0.05pt 237.25pt 0 59.95pt; text-indent: 0.25in">E-mail: info@cleanspark.com
If to the Holder:</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 308.05pt 0 78pt"></P>


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<P STYLE="font: 11.5pt/13.45pt Bookman Old Style, Times, Serif; margin: 3.95pt 0 0pt 78pt">&nbsp;</P>

<P STYLE="font: 11.5pt/13.45pt Bookman Old Style, Times, Serif; margin: 3.95pt 0 0pt 78pt">Labrys Fund, LP 48</P>

<P STYLE="font: 11.5pt/13.45pt Bookman Old Style, Times, Serif; margin: 3.95pt 0 0pt 78pt">Parker Road</P>

<P STYLE="font: 11.5pt/13.45pt Bookman Old Style, Times, Serif; margin: 3.95pt 0 0pt 78pt">Wellesley, MA 02482</P>

<P STYLE="font: 11.5pt/13.45pt Bookman Old Style, Times, Serif; margin: 0 0 0 78pt">E-mail: admin@equiluxgroup.com</P>

<P STYLE="font: 11.5pt/27pt Bookman Old Style, Times, Serif; margin: 0 110.6pt 0 77.95pt; text-indent: -0.25in">With a copy to
(which copy shall not constitute notice): Legal &amp; Compliance, LLC</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 228.3pt 0 77.95pt">330 Clematis Street, Ste. 217 West Palm
Beach, FL 33401 Attn: Chad Friend, Esq., LL.M.</P>

<P STYLE="font: 11.5pt/13.45pt Bookman Old Style, Times, Serif; margin: 0 0 0 77.95pt">E-mail: <FONT STYLE="color: blue"><U>CFriend@LegalAndCompliance.com</U></FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.55pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">4.3</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Amendments</U>. This Note and any provision hereof may only be amended by an instrument
in writing signed by the Borrower and <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Holder. The term &#8220;Note&#8221; and all
reference thereto, as used throughout this instrument, shall mean this instrument (and <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>other Notes issued pursuant to the Purchase Agreement) as originally executed, or if later amended or supplemented, then
as so amended or supplemented.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.6pt 0 5.95pt; text-align: justify; text-indent: 0.05pt"><FONT STYLE="font-size: 11.5pt">4.4</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Assignability</U>. The Holder may assign or transfer this Note to any transferee at its
sole discretion. This Note shall be binding upon <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower and its successors and
assigns, and shall inure to be the benefit of the Holder and its successors and assigns. Each transferee of this Note must be an
&#8220;accredited investor&#8221; (as defined in Rule 501(a) of the 1933 Act). Notwithstanding anything in this Note to <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
contrary, this Note may be pledged as collateral in connection with a <U>bona fide</U> margin account or other lending arrangement.
<FONT STYLE="letter-spacing: -0.1pt">The </FONT>Holder and any assignee, by acceptance of this Note, acknowledge and agree that
following conversion of a portion of this Note, the unpaid and unconverted principal amount of this Note represented by this Note
may be less than the amount stated on the face hereof. <FONT STYLE="letter-spacing: -0.1pt">The </FONT>Borrower shall not assign
any of its rights or obligations under this Note without the signed written consent of the Holder.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 5.95pt; text-align: justify; text-indent: 0.05pt"><FONT STYLE="font-size: 11.5pt">4.5</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Cost of Collection</U>. If default is made in the payment of this Note, the Borrower
shall pay the Holder hereof reasonable costs of collection, including reasonable attorneys&#8217; fees.</FONT></P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 5.95pt; text-align: justify; text-indent: 0.05pt"><FONT STYLE="font-size: 11.5pt">4.6</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;<B>&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 11.5pt"><U>Governing Law</U>. This Note shall be governed by and construed in accordance with
the laws of the State of Nevada without regard to principles of conflicts of laws. The parties hereby warrant and represent that
the selection of Nevada law as governing under this Note (i) has a reasonable nexus to each of the Parties and to the transactions
contemplated by the Note; and (ii) does not offend any public policy of Nevada, Massachusetts, or of any other state, federal,
or other jurisdiction. <B>Any action brought by either party against the other arising out of or related to this Note, or any
other agreements between the parties, shall be commenced only in the state or federal courts of general jurisdiction located in
the Commonwealth of Massachusetts, except that all such disputes between the parties shall be subject to alternative dispute resolution
through binding arbitration at the Holder&#8217;s sole discretion and election (regardless of which</B></FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 5.95pt; text-align: justify; text-indent: 0.05pt"><FONT STYLE="font-size: 11.5pt"><B>&nbsp;</B></FONT></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.7pt 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.7pt 0 6pt; text-align: justify"><B>party initiates the
legal proceedings)</B>. The parties to this Note hereby irrevocably waive any objection to jurisdiction and venue of any action
instituted hereunder and shall not assert any defense based on lack of jurisdiction or venue or based upon <I>forum non conveniens</I>.
<FONT STYLE="letter-spacing: -0.1pt">The </FONT>parties agree that, in connection with any such arbitration proceeding, each shall
submit or file any claim which would constitute a compulsory counterclaim within the same proceeding as the claim to which it relates.
Any such claim that is not submitted or filed in such proceeding shall be waived and such party will forever be barred from asserting
such a claim. Both parties agree to submit to the jurisdiction of such courts or to such arbitration panel, as the case may be.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.6pt 0 6pt; text-align: justify">If the Holder elects alternative
dispute resolution by arbitration, the arbitration proceedings shall be conducted in the Commonwealth of Massachusetts and administered
by <FONT STYLE="letter-spacing: -0.1pt">the </FONT>American Arbitration Association in accordance with its Commercial Arbitration
Rules and Mediation Procedures in effect on the Issue Date, except as modified by this Note. <FONT STYLE="letter-spacing: -0.1pt">The
</FONT>Holder&#8217;s election to arbitrate shall be made in writing, delivered to the other party, and filed with the American
Arbitration Association. The American Arbitration Association must receive the demand for arbitration prior to the date when <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>institution of legal or equitable proceedings would be barred by the applicable statute of limitations, unless legal or
equitable proceedings between the parties have already commenced, and the receipt by the American Arbitration Association of a
written demand for arbitration also shall constitute the institution of legal or equitable proceedings for statute of limitations
purposes. The parties shall be entitled to limited discovery at the discretion of <FONT STYLE="letter-spacing: -0.15pt">the </FONT>arbitrator(s)
who may, but are not required to, allow depositions. The parties acknowledge that the arbitrators&#8217; subpoena power is not
subject to geographic limitations. The arbitrator(s) shall have the right to award individual relief which he or she deems proper
under the evidence presented and applicable law and consistent with the parties&#8217; rights to, and limitations on, damages and
other relief as expressly set forth in this Note. <FONT STYLE="letter-spacing: -0.1pt">The </FONT>award and decision of the arbitrator(s)
shall be conclusive and binding on all parties, and judgment upon the award may be entered in any court of competent jurisdiction.
The Holder reserves <FONT STYLE="letter-spacing: -0.1pt">the </FONT>right, but shall have no obligation, to advance the Issuer&#8217;s
share of the costs, fees and expenses of any arbitration proceeding, including any arbitrator fees, in order for such arbitration
proceeding to take place, and by doing so will not be deemed to have waived or relinquished its right to seek the recovery of those
amounts from the arbitrator, who shall provide for such relief in the final award, in addition to the costs, fees, and expenses
that are otherwise recoverable. The foregoing agreement to arbitrate shall be specifically enforceable under applicable law in
any court having jurisdiction thereof.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.6pt 0 6pt; text-align: justify"><B>THE BORROWER HEREBY IRREVOCABLY
WAIVES ANY RIGHT IT MAY HAVE TO, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION
WITH OR ARISING OUT OF THIS NOTE OR ANY TRANSACTION CONTEMPLATED HEREBY</B>.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.6pt 0 6pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.55pt 0 6pt; text-align: justify">The prevailing party
shall be entitled to recover from <FONT STYLE="letter-spacing: -0.1pt">the </FONT>other party its reasonable attorney's fees and
costs. In the event that any provision of this Note or any other agreement delivered in connection herewith is invalid or unenforceable
under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict
therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision which may prove invalid
or unenforceable under any law shall not affect the validity or enforceability of any other provision of any agreement. Each party
hereby irrevocably waives personal service of process and consents to process being served in any suit, action or proceeding in
connection with this Note or any other related transaction document by mailing a copy thereof via registered or certified mail
or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Note and
agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall
be deemed to limit in any way any right to serve process in any other manner permitted by law.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.6pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">4.7</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Certain Amounts</U>. Whenever pursuant to this Note the Borrower is required to pay an
amount in excess of the outstanding principal amount (or the portion thereof required to be paid at that time) plus accrued and
unpaid interest plus Default Interest on such interest, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower and the Holder
agree that the actual damages to the Holder from the receipt of cash payment on this Note may be difficult to determine and the
amount to be so paid by the Borrower represents stipulated damages and not a penalty and is intended to compensate the Holder in
part for loss of the opportunity to convert this Note and to earn a return from the sale of shares of Common Stock acquired upon
conversion of this Note at a price in excess of the price paid for such shares pursuant to this Note. <FONT STYLE="letter-spacing: -0.1pt">The
</FONT>Borrower and the Holder hereby agree that such amount of stipulated damages is not plainly disproportionate to the possible
loss to the Holder from <FONT STYLE="letter-spacing: -0.1pt">the </FONT>receipt of a cash payment without the opportunity to convert
this Note into shares of Common Stock.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.9pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">4.8</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Purchase Agreement</U>. By its acceptance of this Note, each party agrees to be bound
by the applicable terms of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Purchase Agreement.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.7pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">4.9</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Notice of Corporate Events</U>. Except as otherwise provided below, <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Holder of this Note shall have no rights as a Holder of Common Stock unless and only to the extent that it converts this
Note into Common Stock. The Borrower shall provide <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Holder with prior notification
of any meeting of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower&#8217;s shareholders (and copies of proxy materials
and other information sent to shareholders). In <FONT STYLE="letter-spacing: -0.1pt">the </FONT>event of any taking by <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Borrower of a record of its shareholders for the purpose of determining shareholders who are entitled to receive payment
of any dividend or other distribution, any right to subscribe for, purchase or otherwise acquire (including by way of merger, consolidation,
reclassification or recapitalization) any share of any class or any other securities or property, or to receive any other right,
or for the purpose of determining shareholders who are entitled to vote in connection with any proposed sale, lease or conveyance
of all or substantially all of the assets of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower or any proposed liquidation,
dissolution or winding up of the Borrower, the Borrower shall mail a notice to <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Holder, at least twenty (20) days</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.7pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.55pt 0 6pt; text-align: justify">prior to the record date
specified therein (or thirty (30) days prior to the consummation of <FONT STYLE="letter-spacing: -0.1pt">the</FONT> transaction
or event, whichever is earlier), of <FONT STYLE="letter-spacing: -0.1pt">the</FONT> date on which any such record is to be taken
for <FONT STYLE="letter-spacing: -0.1pt">the </FONT>purpose of such dividend, distribution, right or other event, and a brief statement
regarding <FONT STYLE="letter-spacing: -0.1pt">the </FONT>amount and character of such dividend, distribution, right or other event
to the extent known at such time. <FONT STYLE="letter-spacing: -0.1pt">The </FONT>Borrower shall make a public announcement of
any event requiring notification to the Holder hereunder substantially simultaneously with the notification to <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Holder in accordance with <FONT STYLE="letter-spacing: -0.1pt">the </FONT>terms of this Section 4.9 including, but not limited
to, name changes, recapitalizations, etc. as soon as possible under law.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.6pt 0 5.9pt; text-align: justify; text-indent: 0.1pt"><FONT STYLE="font-size: 11.5pt">4.10</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Usury</U>. If Notwithstanding any provision in this Note or <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>related transaction documents to the contrary, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>total liability for payments
of interest and payments in <FONT STYLE="letter-spacing: -0.1pt">the </FONT>nature of interest, including, without limitation,
all charges, fees, exactions, or other sums which may at any time be deemed to be interest, shall not exceed the limit imposed
by <FONT STYLE="letter-spacing: -0.1pt">the </FONT>usury laws of the jurisdiction governing this Note or any other applicable law.
In <FONT STYLE="letter-spacing: -0.1pt">the </FONT>event the total liability of payments of interest and payments in the nature
of interest, including, without limitation, all charges, fees, exactions or other sums which may at any time be deemed to be interest,
shall, for any reason whatsoever, result in an effective rate of interest, which for any month or other interest payment period
exceeds the limit imposed by <FONT STYLE="letter-spacing: -0.1pt">the</FONT> usury laws of the jurisdiction governing this Note,
all sums in excess of those lawfully collectible as interest for <FONT STYLE="letter-spacing: -0.1pt">the </FONT>period in question
shall, without further agreement or notice by, between, or to any party hereto, be applied to the reduction of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>outstanding principal balance due hereunder immediately upon receipt of such sums by the Holder hereof, with <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>same force and effect as though the Company had specifically designated such excess sums to be so applied to the reduction
of the principal balance then outstanding, and <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Holder hereof had agreed to accept
such sums as a penalty-free payment of principal; provided, however, that the Holder may, at any time and from time to time, elect,
by notice in writing to the Company, to waive, reduce, or limit the collection of any sums in excess of those lawfully collectible
as interest, rather than accept such sums as a prepayment of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>principal balance
then outstanding. It is the intention of the parties that the Company does not intend or expect to pay, nor does the Holder intend
or expect to charge or collect any interest under this Note greater than the highest non-usurious rate of interest which may be
charged under applicable law.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">4.11</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Remedies</U>. The Borrower acknowledges that a breach by it of its obligations hereunder
will cause irreparable harm to the Holder, by vitiating <FONT STYLE="letter-spacing: -0.1pt">the </FONT>intent and purpose of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>transaction contemplated hereby. Accordingly, the Borrower acknowledges that the remedy at law for a breach of its obligations
under this Note will be inadequate and agrees, in the event of a breach or threatened breach by the Borrower of the provisions
of this Note, that the Holder shall be entitled, in addition to all other available remedies at law or in equity, and in addition
to the penalties assessable herein, to an injunction or injunctions restraining, preventing or curing any breach of this Note and
to enforce specifically the terms and provisions thereof, without the necessity of showing economic loss and without any bond or
other security being required. No provision of this Note shall alter or impair the obligation
of the Borrower, which is absolute and unconditional, to pay the principal of, and interest on, this Note at the time, place, and
rate, and in the form, herein prescribed.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">4.12</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Severability</U>. In the event that any provision of this Note is invalid or unenforceable
under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict
therewith and shall be deemed modified to conform to such statute or rule of law. <FONT STYLE="letter-spacing: -0.1pt">Any </FONT>provision
hereof which may prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision
hereof.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.7pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">4.13</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT STYLE="font-size: 11.5pt"><U>Dispute
Resolution</U>. In <FONT STYLE="letter-spacing: -0.1pt">the </FONT>case of a dispute as to the determination of the
Conversion Price, Conversion Amount, any prepayment amount or Default Amount, Default Sum, Issue, Closing or Maturity Date,
the closing bid price, or fair market value (as the case may be) or <FONT STYLE="letter-spacing: -0.1pt">the </FONT>arithmetic
calculation of the Conversion Price or <FONT STYLE="letter-spacing: -0.1pt">the </FONT>applicable prepayment amount(s) (as <FONT STYLE="letter-spacing: -0.1pt">the </FONT>case
may be), <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower or the Holder shall submit the disputed determinations or
arithmetic calculations via facsimile (i) within two (2) Business Days after receipt of <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
applicable notice giving rise to such dispute to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower or the Holder or
(ii) if no notice gave rise to such dispute, at any time after the Holder learned of the circumstances giving rise to such
dispute. If <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Holder and <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower
are unable to agree upon such determination or calculation within two (2) Business Days of such disputed determination or
arithmetic calculation (as <FONT STYLE="letter-spacing: -0.1pt">the </FONT>case may be) being submitted to the Borrower
or the Holder, then <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower shall, within two (2) Business Days, submit via
facsimile </FONT>(a) <FONT STYLE="letter-spacing: -0.1pt">the </FONT>disputed determination of the Conversion Price, the
closing bid price, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>or fair market value (as the case may be) to an
independent, reputable investment bank selected by the Borrower and approved by the Holder or (b) <FONT STYLE="letter-spacing: -0.1pt">the </FONT>disputed
arithmetic calculation of the Conversion Price, Conversion Amount, any prepayment amount or Default Amount, Default Sum to an
independent, outside accountant selected by the Holder that is reasonably acceptable to the Borrower. The Borrower shall
cause at its expense <FONT STYLE="letter-spacing: -0.1pt">the </FONT>investment bank or the accountant to perform the
determinations or calculations and notify the Borrower and the Holder of the results no later than ten (10) Business Days
from the time it receives such disputed determinations or calculations. Such investment bank&#8217;s or accountant&#8217;s
determination or calculation shall be binding upon all parties absent demonstrable error.</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">4.14</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Terms of Future Financings.</U> So long as this Note is outstanding, upon any issuance
by <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Borrower or any of its subsidiaries of any security with any term more favorable
to the holder of such security or with a term in favor of the holder of such security that was not similarly provided to the Holder
in this Note, then <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower shall notify the Holder of such additional or more
favorable term and such term, at Holder&#8217;s option, shall become a part of the transaction documents with <FONT STYLE="letter-spacing: -0.15pt">the
</FONT>Holder. The types of terms contained in another security that may be more favorable to the holder of such security include,
but are not limited to, terms addressing conversion discounts, prepayment rate, conversion lookback periods, interest rates, original
issue discounts, stock sale price, private placement price per share, and warrant coverage.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Bookman Old Style, Times, Serif; margin-top: 3.95pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6pt"></TD><TD STYLE="width: 61.9pt"><FONT STYLE="font-size: 11.5pt">4.15</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 11.5pt"><U>[INTENTIONALLY OMITTED].</U></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.45pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">4.16</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Disclosure</U>. Upon receipt or delivery by <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Company of any notice in accordance with the terms of this Note, unless <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company
has in good faith determined that the matters relating to such notice do not constitute material, non- public information relating
to the Company or any of its Subsidiaries, the Company shall within one (1) Trading Day after any such receipt or delivery, publicly
disclose such material, non-public information on a Current Report on Form 8-K or otherwise. In the event that the Company believes
that a notice contains material, non-public information relating to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company or
any of its Subsidiaries, the Company so shall indicate to such Holder contemporaneously with delivery of such notice, and in the
absence of any such indication, the Holder shall be allowed to presume that all matters relating to such notice do not constitute
material, non- public information relating to the Company or its Subsidiaries.</FONT></P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 5.95pt; text-align: justify; text-indent: 0.05pt"><FONT STYLE="font-size: 11.5pt">4.17</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Right of First Refusal</U>. If at any time while this Note is outstanding, <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Borrower has a bona fide offer of capital or financing from any 3rd party with respect to any convertible security of $100,000.00
or more, that <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower intends to act upon, then <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Borrower must first offer such opportunity to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Holder to provide such capital
or financing to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Borrower on the same terms as each respective 3rd party&#8217;s
terms. Should the Holder be unwilling or unable to provide such capital or financing to the Borrower within 5 trading days from
Holder&#8217;s receipt of written notice of the offer (the &#8220;Offer Notice&#8221;) from the Borrower, then the Borrower may
obtain such capital or financing from that respective 3rd party upon the exact same terms and conditions offered by the Borrower
to <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Holder, which transaction must be completed within 30 days after the date of
the Offer Notice. If <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Borrower does not receive the capital or financing from the
respective 3rd party within 30 days after the date of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>respective Offer Notice,
then the Borrower must again offer <FONT STYLE="letter-spacing: -0.1pt">the </FONT>capital or financing opportunity to the Holder
as described above, and <FONT STYLE="letter-spacing: -0.1pt">the </FONT>process detailed above shall be repeated. The Offer Notice
must be sent via electronic mail to <FONT STYLE="color: blue"><U>Admin@EquiluxGroup.com</U></FONT>.</FONT></P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12.5pt Bookman Old Style, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 5pt 170pt 0; text-align: center"><I>[signature page to follow]</I></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 5pt 170pt 0; text-align: center"><I>&nbsp;</I></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 0 0 6pt; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 0 0 6pt; text-indent: 0.5in">IN WITNESS WHEREOF, Borrower
has caused this Note to be signed in its name by its duly authorized officer as of the date first above written.</P>

<P STYLE="font: 13pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 0 0 258pt"><B>CLEANSPARK, INC.</B></P>

<P STYLE="font: 13pt Bookman Old Style, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 9.5pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 0 0 257.95pt">By: <U>/s/ S. Matthew Schultz</U></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 61.45pt 0 257.95pt">Name: Matthew Schultz Title: Chief Executive
Officer</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 61.45pt 0 257.95pt">&nbsp;</P>


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<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin-top: 4.05pt; text-align: center; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin-top: 4.05pt; text-align: center; margin-bottom: 0">EXHIBIT A</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin-top: 4.05pt; text-align: center; margin-bottom: 0">NOTICE
OF CONVERSION</P>

<P STYLE="font: 9.5pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 5.95pt; text-align: justify; text-indent: 1in">The undersigned
hereby elects to convert $_____principal amount of the Note (defined below) together with $_____of accrued and unpaid interest thereto,
totaling $<U>&#9;</U>into that number of shares of Common Stock to be issued pursuant to the conversion of the Note (&#8220;Common
Stock&#8221;) as set forth below, of CleanSpark, Inc., a Nevada corporation (the &#8220;Borrower&#8221;), according to the conditions
of the convertible note of the Borrower dated as of March 23, 2018 (the &#8220;Note&#8221;), as of the date written below. No
fee will be charged to the Holder for any conversion, except for transfer taxes, if any.</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0 0 0 6pt">Box Checked as to applicable instructions:</P>

<P STYLE="font: 9.5pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0 5.85pt 0 77.95pt; text-align: justify; text-indent: -0.5in">[ ]
The Borrower shall electronically transmit the Common Stock issuable pursuant to this Notice of Conversion to the account of the
undersigned or its nominee with DTC through its Deposit Withdrawal At Custodian system (&#8220;DWAC Transfer&#8221;).</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0 265.45pt 0 77.95pt">Name of DTC Prime Broker: Account Number:</P>

<P STYLE="font: 9.5pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.75pt 0 77.95pt; text-align: justify; text-indent: -36.05pt">[
] The undersigned hereby requests that the Borrower issue a certificate or certificates for the number of shares of Common Stock
set forth below (which numbers are based on the Holder&#8217;s calculation attached hereto) in the name(s) specified immediately
below or, if additional space is necessary, on an attachment hereto:</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0 0 0 77.95pt">Name: Labrys Fund, LP</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0.05pt 0 0 77.95pt">Address: <FONT STYLE="font-family: Times New Roman, Times, Serif"><U></U></FONT></P>

<P STYLE="font: 5.5pt Times New Roman, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 4.95pt 0 0 77.95pt"><IMG SRC="image_001.gif" ALT="" STYLE="height: 2px; width: 89px">Date
of Conversion:</P>

<P STYLE="font: 5.5pt Bookman Old Style, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 4.95pt 0 0 77.95pt">Applicable Conversion Price:&#9;$<FONT STYLE="font-family: Times New Roman, Times, Serif"><U></U></FONT></P>

<P STYLE="font: 5.5pt Times New Roman, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 4.95pt 0 0 77.9pt">Number of Shares of Common Stock to be Issued</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0.05pt 0 0 185.9pt">Pursuant to Conversion of the Notes:</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 5pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 4.95pt 0 0 77.9pt">Amount of Principal Balance Due remaining</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0.05pt 0 0 149.9pt">Under the Note after this conversion:</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0"></P>

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 5pt Bookman Old Style, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 4.95pt 0 0 77.9pt">Accrued and unpaid interest remaining:</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0 0 0 77.85pt">Default Amounts &amp; Penalties remaining (if applicable):</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0 0 0 62.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><U></U></FONT></P>

<P STYLE="font: 5.5pt Times New Roman, Times, Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 4.95pt 0 0 77.85pt">LABRYS FUND, LP</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0 241.05pt 0 77.85pt; text-align: justify">By:________________</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0 241.05pt 0 77.85pt; text-align: justify">Name:_____________</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0 241.05pt 0 77.85pt; text-align: justify">Title: Principal</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0.1pt 0 0 77.85pt; text-align: justify">Date: <FONT STYLE="font-family: Times New Roman, Times, Serif">______________</FONT></P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0.1pt 0 0 77.85pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0.1pt 0 0 77.85pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><U></U></FONT></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 0 0 125.75pt"><B>_SECURITIES PURCHASE AGREEMENT</B></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.75pt 0 5.95pt; text-align: justify; text-indent: 0.5in">This
<B>SECURITIES PURCHASE AGREEMENT </B>(the &#8220;Agreement&#8221;), dated as of March 23, 2018, by and between CleanSpark, Inc.,
a Nevada corporation, with headquarters located at 70 North Main Street, Suite 105, Bountiful, UT 84010 (the &#8220;Company&#8221;),
and <B>LABRYS FUND, LP</B>, a Delaware limited partnership, with its address at 48 Parker Road, Wellesley, MA 02482 (the &#8220;Buyer&#8221;).</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 173.1pt 0 173.05pt; text-align: center"><B>WHEREAS</B>:</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.75pt 0 5.95pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 11.5pt; letter-spacing: -0.05pt">A.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.05pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt">The Company and the Buyer are executing and delivering this Agreement in reliance upon <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>exemption from securities registration afforded by the rules and regulations as promulgated by the United States Securities
and Exchange Commission (the &#8220;SEC&#8221;) under the Securities Act of 1933, as amended (the &#8220;1933 Act&#8221;);</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.75pt 0 5.95pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 11.5pt; letter-spacing: -0.05pt">B.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.05pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt">Buyer desires to purchase and the Company desires to issue and sell, upon the terms and
conditions set forth in this Agreement a 12% convertible note of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company, in <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>form attached hereto as Exhibit A, in <FONT STYLE="letter-spacing: -0.1pt">the </FONT>aggregate principal amount of up to
US$550,000.00 (together with any note(s) issued in replacement thereof or as a dividend thereon or otherwise with respect thereto
in accordance with the terms thereof, the &#8220;Note&#8221;), convertible into shares of common stock, $0.001 par value per share,
of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company (the &#8220;Common Stock&#8221;), upon <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
terms and subject to <FONT STYLE="letter-spacing: -0.1pt">the</FONT> limitations and conditions set forth in such Note.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.8pt 0 5.95pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 11.5pt; letter-spacing: -0.05pt">C.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.05pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt">The Buyer wishes to purchase, upon the terms and conditions stated in this Agreement, such
principal amount of Note as is set forth immediately below its name on <FONT STYLE="letter-spacing: -0.1pt">the </FONT>signature
pages hereto; and</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.6pt 0 5.95pt; text-align: justify; text-indent: 0.5in"><B>NOW
THEREFORE</B>, the Company and the Buyer severally (and not jointly) hereby agree as follows:</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 0 0 6pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 11.5pt">1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>PURCHASE AND SALE OF NOTE</U>.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">a.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Purchase of Note</U>. On the Closing Date (as defined below), the Company shall issue
and sell to the Buyer and <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Buyer agrees to purchase from the Company such principal
amount of Note as is set forth immediately below the Buyer&#8217;s name on the signature pages hereto, subject to the express terms
of the Note. In connection with the funding of the First Tranche (as defined herein) of the Note, <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Company shall issue to Buyer on the Closing Date, as a commitment fee, 137,500 shares of its common stock (the &#8220;Returnable
Shares&#8221;), as further provided in the Note. <FONT STYLE="letter-spacing: -0.1pt">The </FONT>Returnable Shares shall be deemed
earned in full as of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Closing Date. In connection with the funding of the First
Tranche of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Note, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company shall
issue to Buyer on the Closing Date, as a commitment fee, 100,000 shares of its common stock (the &#8220;Commitment Shares&#8221;).
<FONT STYLE="letter-spacing: -0.1pt">The </FONT>Commitment Shares shall be deemed earned in full as of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Closing Date.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.7pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.7pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">b.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Form of Payment</U>. On or around the Closing Date (as defined below), the Buyer shall
pay the purchase price of $200,000.00 (the &#8220;Purchase Price&#8221;) for the first tranche of $220,000.00 under the Note (the
&#8220;First Tranche&#8221;), by wire transfer of immediately available funds, in accordance with the Company&#8217;s written wiring
instructions, against delivery of the Note, and (i) the Company shall deliver such duly executed Note on behalf of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Company, to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Buyer. If the Buyer decides to pay, in their sole discretion,
additional amounts (additional tranches) under the Note, as further described in the Note, then such additional amounts shall be
paid in accordance with <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company&#8217;s written wiring instructions as well.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.75pt 0 5.95pt; text-align: justify; text-indent: 108.05pt"><FONT STYLE="font-size: 11.5pt">c.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Closing Date</U>. Subject to the satisfaction (or written waiver) of the conditions thereto
set forth in Section 7 and Section 8 below, the date and time of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>issuance and sale
of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>First Tranche of the Note pursuant to this Agreement (the &#8220;Closing Date&#8221;)
shall be 12:00 noon, Eastern Standard Time on or about March 23, 2018, or such other mutually agreed upon time. The closing of
<FONT STYLE="letter-spacing: -0.15pt">the </FONT>transactions contemplated by this Agreement (the &#8220;Closing&#8221;) shall
occur on the Closing Date at such location as may be agreed to by <FONT STYLE="letter-spacing: -0.1pt">the</FONT> parties.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 11.5pt">2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>REPRESENTATIONS&#9;AND&#9;WARRANTIES&#9;OF&#9;THE BUYER</U>. The Buyer represents and
warrants to the Company that:</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">a.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Investment Purpose</U>. As of the date hereof, the Buyer is purchasing the Note and <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>shares of Common Stock issuable upon conversion of or otherwise pursuant to the Note (including, without limitation, such
additional shares of Common Stock, if any, as are issuable (i) at Closing as Returnable Shares,</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify">(ii) on account of interest
on <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Note (iii) as a result of the events described in Sections 1.3 and 1.4(i) of
the Note or (iv) in payment of the Standard Liquidated Damages Amount (as defined in Section 2(f) below) pursuant to this Agreement,
such shares of Common Stock being collectively referred to herein as the &#8220;Conversion Shares&#8221; and, collectively with
the Note, <FONT STYLE="letter-spacing: -0.1pt">the</FONT> &#8220;Securities&#8221;) for its own account and not with a present
view towards <FONT STYLE="letter-spacing: -0.1pt">the</FONT> public sale or distribution thereof, except pursuant to sales registered
or exempted from registration under <FONT STYLE="letter-spacing: -0.1pt">the </FONT>1933 Act; provided, however, that by making
the representations herein, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Buyer does not agree to hold any of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Securities for any minimum or other specific term and reserves <FONT STYLE="letter-spacing: -0.1pt">the </FONT>right to
dispose of the Securities at any time in accordance with or pursuant to a registration statement or an exemption under the 1933
Act.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.8pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">b.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Accredited Investor Status</U>. <FONT STYLE="letter-spacing: -0.1pt">The </FONT>Buyer
is an &#8220;accredited investor&#8221; as that term is defined in Rule 501(a) of Regulation D (an &#8220;Accredited Investor&#8221;).</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">c.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Reliance on Exemptions</U>. The Buyer understands that <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Securities are being offered and sold to it in reliance upon specific exemptions from the registration requirements of United
States federal and state securities laws and that the Company is relying upon <FONT STYLE="letter-spacing: -0.1pt">the </FONT>truth
and accuracy of, and the Buyer&#8217;s compliance with, the representations, warranties, agreements, acknowledgments and understandings
of the Buyer set forth herein in order to determine the availability of such exemptions and the eligibility
of the Buyer to acquire the Securities.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 0 0 6pt"></P>

<P STYLE="font: 7pt Bookman Old Style, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 5pt 5.55pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">d.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Information</U>. The Buyer and its advisors, if any, have been, and for so long as the
Note remains outstanding will continue to be, furnished with all materials relating to the business, finances and operations of
<FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company and materials relating to the offer and sale of the Securities which have
been requested by the Buyer or its advisors. The Buyer and its advisors, if any, have been, and for so long as <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Note remains outstanding will continue to be, afforded the opportunity to ask questions of the Company. Notwithstanding <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>foregoing, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company has not disclosed to <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Buyer any material nonpublic information and will not disclose such information unless such information is disclosed to
the public prior to or promptly following such disclosure to the Buyer. Neither such inquiries nor any other due diligence investigation
conducted by Buyer or any of its advisors or representatives shall modify, amend or affect Buyer&#8217;s right to rely on <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Company&#8217;s representations and warranties contained in Section 3 below. <FONT STYLE="letter-spacing: -0.1pt">The </FONT>Buyer
understands that its investment in the Securities involves a significant degree of risk. <FONT STYLE="letter-spacing: -0.1pt">The
</FONT>Buyer is not aware of any facts that may constitute a breach of any of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company's
representations and warranties made herein.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">e.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Governmental Review</U>. <FONT STYLE="letter-spacing: -0.1pt">The </FONT>Buyer understands
that no United States federal or state agency or any other government or governmental agency has passed upon or made any recommendation
or endorsement of the Securities.</FONT></P>

<P STYLE="font: 7pt Bookman Old Style, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 5pt 5.6pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">f.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Transfer or Re-sale</U>. The Buyer understands that (i) the sale or re-sale of the Securities
has not been and is not being registered under the 1933 Act or any applicable state securities laws, and <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Securities may not be transferred unless (a) the Securities are sold pursuant to an effective registration statement under the
1933 Act, (b) <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Buyer shall have delivered to the Company, at the cost of the Company,
an opinion of counsel that shall be in form, substance and scope customary for opinions of counsel in comparable transactions to
the effect that <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Securities to be sold or transferred may be sold or transferred
pursuant to an exemption from such registration, which opinion shall be accepted by the Company,</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.1pt 5.65pt 0 6pt; text-align: justify">(c) <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Securities are sold or transferred to an &#8220;affiliate&#8221; (as defined in Rule 144 promulgated under the 1933 Act
(or a successor rule) (&#8220;Rule 144&#8221;)) of the Buyer who agrees to sell or otherwise transfer the Securities only in accordance
with this Section 2(f) and who is an Accredited Investor, (d) <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Securities are sold
pursuant to Rule 144, or (e) <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Securities are sold pursuant to Regulation S under
the 1933 Act (or a successor rule) (&#8220;Regulation S&#8221;), and <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Buyer shall
have delivered to <FONT STYLE="letter-spacing: -0.15pt">the </FONT>Company, at <FONT STYLE="letter-spacing: -0.1pt">the </FONT>cost
of the Company, an opinion of counsel that shall be in form, substance and scope customary for opinions of counsel in corporate
transactions, which opinion shall be accepted by <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company; (ii) any sale of such
Securities made in reliance on Rule 144 may be made only in accordance with <FONT STYLE="letter-spacing: -0.1pt">the </FONT>terms
of said Rule and further, if said Rule is not applicable, any re-sale of such Securities under circumstances in which the seller
(or the person through whom the sale is made) may be deemed to be an underwriter (as that term is defined in <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
1933 Act) may require compliance with some other exemption under the 1933 Act or the rules</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.1pt 5.65pt 0 6pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.6pt 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.6pt 0 6pt; text-align: justify">and regulations of the
SEC thereunder; and (iii) neither <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Company nor any other person is under any obligation
to register such Securities under the 1933 Act or any state securities laws or to comply with the terms and conditions of any exemption
thereunder (in each case). Notwithstanding the foregoing or anything else contained herein to the contrary, the Securities may
be pledged as collateral in connection with a bona fide margin account or other lending arrangement. In the event that the Company
does not accept the opinion of counsel provided by <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Buyer with respect to the transfer
of Securities pursuant to an exemption from registration, such as Rule 144 or Regulation S, within three (3) business days of delivery
of the opinion to the Company, the Company shall pay to the Buyer liquidated damages of five percent (5%) of the outstanding amount
of the Note per day plus accrued and unpaid interest on the Note, prorated for partial months, in cash or shares at the option
of the Buyer (&#8220;Standard Liquidated Damages Amount&#8221;). If <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Buyer elects
to be pay the Standard Liquidated Damages Amount in shares of Common Stock, such shares shall be issued at the Conversion Price
(as defined in <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Note) at the time of payment.</P>

<P STYLE="font: 7pt Bookman Old Style, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 5.05pt 5.7pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">g.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Legends</U>. The Buyer understands that the Note and, until such time as <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Returnable Shares and/or Conversion Shares have been registered under <FONT STYLE="letter-spacing: -0.1pt">the </FONT>1933 Act
may be sold pursuant to Rule 144 or Regulation S without any restriction as to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>number
of securities as of a particular date that can then be immediately sold, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Returnable
Shares and/or Conversion Shares may bear a restrictive legend in substantially the following form (and a stop-transfer order may
be placed against transfer of the certificates for such Securities):</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 77.55pt 0 78pt; text-align: justify"><B>&#8220;NEITHER THE ISSUANCE
AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE HAVE
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED
FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER
THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY
ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID
ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR
FINANCING ARRANGEMENT SECURED BY THE SECURITIES.&#8221;</B></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 77.55pt 0 78pt; text-align: justify"><B>&nbsp;</B></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.6pt 0 6pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.6pt 0 6pt; text-align: justify; text-indent: 0.5in">The
legend set forth above shall be removed and the Company shall issue a certificate without such legend to <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>holder of any Security upon which it is stamped, if, unless otherwise required by applicable state securities laws, (a)
such Security is registered for sale under an effective registration statement filed under the 1933 Act or otherwise may be sold
pursuant to Rule 144 or Regulation S without any restriction as to the number of securities as of a particular date that can then
be immediately sold, or (b) such holder provides the Company with an opinion of counsel, in form, substance and scope customary
for opinions of counsel in comparable transactions, to the effect that a public sale or transfer of such Security may be made without
registration under the 1933 Act, which opinion shall be accepted by the Company so that the sale or transfer is effected. <FONT STYLE="letter-spacing: -0.1pt">The
</FONT>Buyer agrees to sell all Securities, including those represented by a certificate(s) from which the legend has been removed,
in compliance with applicable prospectus delivery requirements, if any. In the event that <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Company does not accept <FONT STYLE="letter-spacing: -0.1pt">the </FONT>opinion <FONT STYLE="letter-spacing: -0.15pt">of
</FONT>counsel provided by <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Buyer with respect to the transfer of Securities pursuant
to an exemption from registration, such as Rule 144 or Regulation S, at the Deadline, it will be considered an Event of Default
pursuant to Section 3.2 of <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Note.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.55pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">h.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Authorization; Enforcement</U>. This Agreement has been duly and validly authorized.
This Agreement has been duly executed and delivered on behalf of the Buyer, and this Agreement constitutes a valid and binding
agreement of the Buyer enforceable in accordance with its terms.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">i.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Residency</U>. <FONT STYLE="letter-spacing: -0.1pt">The </FONT>Buyer is a resident of
the jurisdiction set forth in the preamble.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 11.5pt">3.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>REPRESENTATIONS AND WARRANTIES OF THE COMPANY</U>. <FONT STYLE="letter-spacing: -0.1pt">The
</FONT>Company represents and warrants to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Buyer, unless stated to the contrary
in the Company&#8217;s SEC Documents, that:</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 5.95pt; text-align: justify; text-indent: 108.05pt"><FONT STYLE="font-size: 11.5pt">a.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Organization and Qualification</U>. <FONT STYLE="letter-spacing: -0.1pt">The</FONT> Company
and each of its Subsidiaries (as defined below), if any, is a corporation duly organized, validly existing and in good standing
under the laws of the jurisdiction in which it is incorporated, with full power and authority (corporate and other) to own, lease,
use and operate its properties and to carry on its business as and where now owned, leased, used, operated and conducted. <FONT STYLE="letter-spacing: -0.1pt">The</FONT>
Company and each of its Subsidiaries is duly qualified as a foreign corporation to do business and is in good standing in every
jurisdiction in which its ownership or use of property or the nature of the business conducted by it makes such qualification necessary
except where <FONT STYLE="letter-spacing: -0.1pt">the </FONT>failure to be so qualified or in good standing would not have a Material
Adverse Effect. &#8220;Material Adverse Effect&#8221; means any material adverse effect on the business, operations, assets, financial
condition or prospects of the Company or its Subsidiaries, if any, taken as a whole, or on the transactions contemplated hereby
or by the agreements or instruments to be entered into in connection herewith. &#8220;Subsidiaries&#8221; means any corporation
or other organization, whether incorporated or unincorporated, in which the Company owns, directly or indirectly, any equity or
other ownership interest.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 5.95pt; text-align: justify; text-indent: 108.05pt"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.65pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.65pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">b.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Authorization; Enforcement</U>. (i) The Company has all requisite corporate power and
authority to enter into and perform this Agreement, the Note and to consummate the transactions contemplated hereby and thereby
and to issue <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Securities, in accordance with the terms hereof and thereof, (ii)
<FONT STYLE="letter-spacing: -0.1pt">the </FONT>execution and delivery of this Agreement, the Note by <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Company and the consummation by it of the transactions contemplated hereby and thereby (including without limitation, the
issuance of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Note and <FONT STYLE="letter-spacing: -0.15pt">the </FONT>issuance
of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Returnable Shares and <FONT STYLE="letter-spacing: -0.1pt">the </FONT>issuance
and reservation of the Returnable Shares and Conversion Shares issuable upon conversion or exercise thereof) have been duly authorized
by the Company&#8217;s Board of Directors and no further consent or authorization of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company,
its Board of Directors, or its shareholders is required, (iii) this Agreement has been duly executed and delivered by <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Company by its authorized representative, and such authorized representative is <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>true and official representative with authority to sign this Agreement and the other documents executed in connection herewith
and bind <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company accordingly, and (iv) this Agreement constitutes, and upon execution
and delivery by the Company of the Note, each of such instruments will constitute, a legal, valid and binding obligation of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Company enforceable against <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company in accordance with its terms.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">c.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Capitalization</U>. As of <FONT STYLE="letter-spacing: -0.1pt">the</FONT> date hereof,
the authorized capital stock of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company, and shares issued and outstanding, is
as set forth in the Company&#8217;s most recent periodic report filed with <FONT STYLE="letter-spacing: -0.1pt">the </FONT>SEC.
Except as disclosed in the SEC Documents, no shares are reserved for issuance pursuant to the Company&#8217;s stock option plans,
no shares are reserved for issuance pursuant to securities (other than the Note) exercisable for, or convertible into or exchangeable
for shares of Common Stock and 1,269,231 shares are reserved for issuance upon conversion of the Note. All of such outstanding
shares of capital stock are, or upon issuance will be, duly authorized, validly issued, fully paid and non-assessable. No shares
of capital stock of the Company are subject to preemptive rights or any other similar rights of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>shareholders of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company or any liens or encumbrances imposed through the
actions or failure to act of the Company. Except as disclosed in <FONT STYLE="letter-spacing: -0.1pt">the</FONT> SEC Documents,
as of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>effective date of this Agreement, (i) there are no outstanding options, warrants,
scrip, rights to subscribe for, puts, calls, rights of first refusal, agreements, understandings, claims or other commitments or
rights of any character whatsoever relating to, or securities or rights convertible into or exchangeable for any shares of capital
stock of the Company or any of its Subsidiaries, or arrangements by which the Company or any of its Subsidiaries is or may become
bound to issue additional shares of capital stock of the Company or any of its Subsidiaries, (ii) there are no agreements or arrangements
under which the Company or any of its Subsidiaries is obligated to register the sale of any of its or their securities under the
1933 Act and (iii) there are no anti-dilution or price adjustment provisions contained in any security issued by <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Company (or in any agreement providing rights to security holders) that will be triggered by the issuance of the Note, Returnable
Shares, or the Conversion Shares. The Company has filed in its SEC Documents true and correct copies of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Company&#8217;s Certificate of Incorporation as in effect on the date hereof (&#8220;Certificate of Incorporation&#8221;),
the Company&#8217;s By-laws, as in effect on <FONT STYLE="letter-spacing: -0.1pt">the </FONT>date hereof (the &#8220;By-laws&#8221;),
and <FONT STYLE="letter-spacing: -0.1pt">the </FONT>terms of all securities convertible into or exercisable for Common Stock of
the Company and the material rights of
the holders thereof in respect thereto. The Company shall provide the Buyer with a written update of this representation signed
by the Company&#8217;s Chief Executive on behalf of the Company as of the Closing Date.</FONT></P>

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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.75pt 0 6pt; text-align: justify"></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">d.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Issuance of Shares</U>. The issuance of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Note
is duly authorized and, upon issuance in accordance with <FONT STYLE="letter-spacing: -0.1pt">the</FONT> terms of this Agreement,
will be validly issued, fully paid and non-assessable and free from all preemptive or similar rights, taxes, liens, charges and
other encumbrances with respect to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>issue thereof. <FONT STYLE="letter-spacing: -0.1pt">The
</FONT>Returnable Shares and Conversion Shares are duly authorized and the Conversion Shares are reserved for issuance and, upon
conversion of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Note in accordance with its respective terms, will be validly issued,
fully paid and non-assessable, and free from all taxes, liens, claims and encumbrances with respect to <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Company and will
not impose personal liability upon the holder thereof.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.75pt 0 5.95pt; text-align: justify; text-indent: 108.05pt"><FONT STYLE="font-size: 11.5pt">e.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Acknowledgment of Dilution</U>. <FONT STYLE="letter-spacing: -0.1pt">The </FONT>Company
understands and acknowledges <FONT STYLE="letter-spacing: -0.1pt">the </FONT>potentially dilutive effect to the Common Stock upon
the issuance of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Returnable Shares and Conversion Shares upon conversion of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Note. The Company further acknowledges that its obligation to issue Returnable Shares and Conversion Shares upon conversion
of the Note in accordance with this Agreement, the Note is absolute and unconditional regardless of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>dilutive effect that such issuance may have on the ownership interests of other shareholders of the Company.</FONT></P>

<P STYLE="font: 7pt Bookman Old Style, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 5.05pt 5.6pt 0 5.95pt; text-align: justify; text-indent: 108.05pt"><FONT STYLE="font-size: 11.5pt">f.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>No Conflicts</U>. The execution, delivery and performance of this Agreement and the Note
by the Company and the consummation by <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>transactions contemplated hereby and thereby (including, without limitation, the issuance of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Returnable Shares and the issuance and reservation for issuance of the Conversion Shares) will not (i) conflict with or
result in a violation of any provision of the Certificate of Incorporation or By-laws, or (ii) violate or conflict with, or result
in a breach of any provision of, or constitute a default (or an event which with notice or lapse of time or both could become a
default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement, indenture,
patent, patent license or instrument to which the Company or any of its Subsidiaries is a party, or (iii) result in a violation
of any law, rule, regulation, order, judgment or decree (including federal and state securities laws and regulations and regulations
of any self-regulatory organizations to which <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company or its securities are subject)
applicable to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company or any of its Subsidiaries or by which any property or asset
of the Company or any of its Subsidiaries is bound or affected (except for such conflicts, defaults, terminations, amendments,
accelerations, cancellations and violations as would not, individually or in the aggregate, have a Material Adverse Effect). Neither
<FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company nor any of its Subsidiaries is in violation of its Certificate of Incorporation,
By-laws or other organizational documents and neither the Company nor any of its Subsidiaries is in default (and no event has occurred
which with notice or lapse of time or both could put the Company or any of its Subsidiaries in default) under, and neither <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Company nor any of its Subsidiaries has taken any action or failed to take any action</FONT></P>

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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.6pt 0 5.95pt; text-align: justify">that would give to
others any rights of termination, amendment, acceleration or cancellation of, any agreement, indenture or instrument to which the
Company or any of its Subsidiaries is a party or by which any property or assets of <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Company or any of its Subsidiaries is bound or affected, except for possible defaults as would not, individually or in the aggregate,
have a Material Adverse Effect. The businesses of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company and its Subsidiaries,
if any, are not being conducted, and shall not be conducted so long as the Buyer owns any of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Securities, in violation of any law, ordinance or regulation of any governmental entity. Except as specifically contemplated
by this Agreement and as required under <FONT STYLE="letter-spacing: -0.1pt">the </FONT>1933 Act and any applicable state securities
laws, <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Company is not required to obtain any consent, authorization or order of,
or make any filing or registration with, any court, governmental agency, regulatory agency, self-regulatory organization or stock
market or any third party in order for it to execute, deliver or perform any of its obligations under this Agreement, the Note
in accordance with the terms hereof or thereof or to issue and sell the Note in accordance with the terms hereof and to issue the
Returnable Shares and Conversion Shares upon conversion of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Note. All consents,
authorizations, orders, filings and registrations which the Company is required to obtain pursuant to the preceding sentence have
been obtained or effected on or prior to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>date hereof. <FONT STYLE="letter-spacing: -0.1pt">The
</FONT>Company is not in violation of the listing requirements of the Over-the-Counter Bulletin Board (the &#8220;OTCBB&#8221;),
the OTCQB or any similar quotation system, and does not reasonably anticipate that the Common Stock will be delisted by <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>OTCBB, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>OTCQB or any similar quotation system, in the foreseeable future
nor are the Company's securities &#8220;chilled&#8221; by DTC. The Company and its Subsidiaries are unaware of any facts or circumstances
which might give rise to any of <FONT STYLE="letter-spacing: -0.1pt">the</FONT> foregoing.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.55pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">g.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>SEC Documents; Financial Statements</U>. The Company has timely filed all reports, schedules,
forms, statements and other documents required to be filed by it with the SEC pursuant to the reporting requirements of the Securities
Exchange Act of 1934, as amended (the &#8220;1934 Act&#8221;) (all of the foregoing filed prior to the date hereof and all exhibits
included therein and financial statements and schedules thereto and documents (other than exhibits to such documents) incorporated
by reference therein, being hereinafter referred to herein as the (&#8220;SEC Documents&#8221;). The Company has delivered to the
Buyer true and complete copies of the SEC Documents, except for such exhibits and incorporated documents. As of their respective
dates, the SEC Documents complied in all material respects with the requirements of the 1934 Act and the rules and regulations
of the SEC promulgated thereunder applicable to the SEC Documents, and none of the SEC Documents, at the time they were filed with
the SEC, contained any untrue statement of a material fact or omitted to state a material fact required to be stated therein or
necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading. None
of the statements made in any such SEC Documents is, or has been, required to be amended or updated under applicable law (except
for such statements as have been amended or updated in subsequent filings prior the date hereof). As of their respective dates,
the financial statements of the Company included in the SEC Documents complied as to form in all material respects with applicable
accounting requirements and the published rules and regulations of the SEC with respect thereto. Such financial</FONT></P>

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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.55pt 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.55pt 0 6pt; text-align: justify">statements have been
prepared in accordance with United States generally accepted accounting principles, consistently applied, during the periods involved
and fairly present in all material respects the consolidated financial position of the Company and its consolidated Subsidiaries
as of the dates thereof and <FONT STYLE="letter-spacing: -0.1pt">the</FONT> consolidated results of their operations and cash flows
for the periods then ended (subject, in <FONT STYLE="letter-spacing: -0.1pt">the</FONT> case of unaudited statements, to normal
year-end audit adjustments). Except as set forth in the financial statements of the Company included in the SEC Documents, the
Company has no liabilities, contingent or otherwise, other than (i) liabilities incurred in the ordinary course of business subsequent
to December 31, 2017, and (ii) obligations under contracts and commitments incurred in the ordinary course of business and not
required under generally accepted accounting principles to be reflected in such financial statements, which, individually or in
the aggregate, are not material to the financial condition or operating results of the Company. The Company is subject to the reporting
requirements of the 1934 Act. For the avoidance of doubt, filing of the documents required in this Section 3(g) via <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>SEC&#8217;s Electronic Data Gathering, Analysis, and Retrieval system (&#8220;EDGAR&#8221;) shall satisfy all delivery requirements
of this Section 3(g).</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.8pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">h.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Absence of Certain Changes</U>. Since December 31, 2017, except as reported in the SEC
Documents, there has been no material adverse change and no material adverse development in the assets, liabilities, business,
properties, operations, financial condition, results of operations, prospects or 1934 Act reporting status of the Company or any
of its Subsidiaries.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">i.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Absence of Litigation</U>. There is no action, suit, claim, proceeding, inquiry or investigation
before or by any court, public board, government agency, self-regulatory organization or body pending or, to <FONT STYLE="letter-spacing: -0.15pt">the
</FONT>knowledge of the Company or any of its Subsidiaries, threatened against or affecting the Company or any of its Subsidiaries,
or their officers or directors in their capacity as such, that could have a Material Adverse Effect. Schedule 3(i) contains a complete
list and summary description of any pending or, to the knowledge of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company, threatened
proceeding against or affecting the Company or any of its Subsidiaries, without regard to whether it would have a Material Adverse
Effect. The Company and its Subsidiaries are unaware of any facts or circumstances which might give rise to any of the foregoing.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.65pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">j.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Patents, Copyrights, etc</U>. The Company and each of its Subsidiaries owns or possesses
the requisite licenses or rights to use all patents, patent applications, patent rights, inventions, know-how, trade secrets, trademarks,
trademark applications, service marks, service names, trade names and copyrights (&#8220;Intellectual Property&#8221;) necessary
to enable it to conduct its business as now operated (and, as presently contemplated to be operated in the future). Except as disclosed
in the SEC Documents, there is no claim or action by any person pertaining to, or proceeding pending, or to <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Company&#8217;s knowledge threatened, which challenges the right of the Company or of a Subsidiary with respect to any Intellectual
Property necessary to enable it to conduct its business as now operated (and, as presently contemplated to be operated in the future);
to the best of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company&#8217;s knowledge, the Company&#8217;s or its Subsidiaries&#8217;
current and intended products, services and
processes do not infringe on any Intellectual Property or other rights held by any person; and the Company is unaware of any facts
or circumstances which might give rise to any of <FONT STYLE="letter-spacing: -0.1pt">the</FONT> foregoing. <FONT STYLE="letter-spacing: -0.1pt">The</FONT>
Company and each of its Subsidiaries have taken reasonable security measures to protect the secrecy, confidentiality and value
of their Intellectual Property.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.65pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.75pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">k.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>No Materially Adverse Contracts, Etc</U>. Neither the Company nor any of its Subsidiaries
is subject to any charter, corporate or other legal restriction, or any judgment, decree, order, rule or regulation which in <FONT STYLE="letter-spacing: -0.15pt">the
</FONT>judgment of the Company&#8217;s officers has or is expected in the future to have a Material Adverse Effect. Neither <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Company nor any of its Subsidiaries is a party to any contract or agreement which in <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>judgment of the Company&#8217;s officers has or is expected to have a Material Adverse Effect.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.5pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">l.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Tax Status</U>. The Company and each of its Subsidiaries has made or filed all federal,
state and foreign income and all other tax returns, reports and declarations required by any jurisdiction to which it is subject
(unless and only to the extent that the Company and each of its Subsidiaries has set aside on its books provisions reasonably adequate
for the payment of all unpaid and unreported taxes) and has paid all taxes and other governmental assessments and charges that
are material in amount, shown or determined to be due on such returns, reports and declarations, except those being contested in
good faith and has set aside on its books provisions reasonably adequate for the payment of all taxes for periods subsequent to
the periods to which such returns, reports or declarations apply. There are no unpaid taxes in any material amount claimed to be
due by the taxing authority of any jurisdiction, and the officers of the Company know of no basis for any such claim. <FONT STYLE="letter-spacing: -0.1pt">The</FONT>
Company has not executed a waiver with respect to the statute of limitations relating to the assessment or collection of any foreign,
federal, state or local tax. None of the Company&#8217;s tax returns is presently being audited by any taxing authority.</FONT></P>

<P STYLE="font: 7pt Bookman Old Style, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

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<TD STYLE="width: 114pt"></TD><TD STYLE="width: 36.55pt"><FONT STYLE="font-size: 11.5pt">m.</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 11.5pt"><U>[INTENTIONALLY OMITTED].</U></FONT></TD></TR></TABLE>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">n.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Disclosure</U>. All information relating to or concerning <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Company or any of its Subsidiaries set forth in this Agreement and provided to the Buyer pursuant to Section 2(d) hereof
and otherwise in connection with the transactions contemplated hereby is true and correct in all material respects and the Company
has not omitted to state any material fact necessary in order to make the statements made herein or therein, in light of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>circumstances under which they were made, not misleading. No event or circumstance has occurred or exists with respect to
the Company or any of its Subsidiaries or its or their business, properties, prospects, operations or financial conditions, which,
under applicable law, rule or regulation, requires public disclosure or announcement by the Company but which has not been so publicly
announced or disclosed (assuming for this purpose that the Company&#8217;s reports filed under the 1934 Act are being incorporated
into an effective registration statement filed by the Company under the 1933 Act).</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.7pt 0 6pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.7pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">o.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Acknowledgment Regarding Buyer&#8217; Purchase of Securities</U>. The Company acknowledges
and agrees that the Buyer is acting solely in the capacity of arm&#8217;s length purchasers with respect to this Agreement and
<FONT STYLE="letter-spacing: -0.1pt">the </FONT>transactions contemplated hereby. <FONT STYLE="letter-spacing: -0.1pt">The </FONT>Company
further acknowledges that <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Buyer is not acting as a financial advisor or fiduciary
of the Company (or in any similar capacity) with respect to this Agreement and <FONT STYLE="letter-spacing: -0.1pt">the </FONT>transactions
contemplated hereby and any statement made by the Buyer or any of its respective representatives or agents in connection with this
Agreement and <FONT STYLE="letter-spacing: -0.1pt">the </FONT>transactions contemplated hereby is not advice or a recommendation
and is merely incidental to the Buyer&#8217; purchase of the Securities. <FONT STYLE="letter-spacing: -0.1pt">The </FONT>Company
further represents to the Buyer that the Company&#8217;s decision to enter into this Agreement has been based solely on the independent
evaluation of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company and its representatives.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.7pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">p.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>No Integrated Offering</U>. Neither the Company, nor any of its affiliates, nor any person
acting on its or their behalf, has directly or indirectly made any offers or sales in any security or solicited any offers to buy
any security under circumstances that would require registration under the 1933 Act of the issuance of the Securities to the Buyer.
The issuance of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Securities to the Buyer will not be integrated with any other issuance
of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company&#8217;s securities (past, current or future) for purposes of any shareholder
approval provisions applicable to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company or its securities.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Bookman Old Style, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 108.2pt"></TD><TD STYLE="width: 14.05pt"><FONT STYLE="font-size: 11.5pt">q.</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 11.5pt">[INTENTIONALLY OMITTED]</FONT></TD></TR></TABLE>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">r.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Permits; Compliance</U>. The Company and each of its Subsidiaries is in possession of
all franchises, grants, authorizations, licenses, permits, easements, variances, exemptions, consents, certificates, approvals
and orders necessary to own, lease and operate its properties and to carry on its business as it is now being conducted (collectively,
the &#8220;Company Permits&#8221;), and there is no action pending or, to the knowledge of the Company, threatened regarding suspension
or cancellation of any of the Company Permits. Neither the Company nor any of its Subsidiaries is in conflict with, or in default
or violation of, any of the Company Permits, except for any such conflicts, defaults or violations which, individually or in <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
aggregate, would not reasonably be expected to have a Material Adverse Effect. Since December 31, 2017, neither the Company nor
any of its Subsidiaries has received any notification with respect to possible conflicts, defaults or violations of applicable
laws, except for notices relating to possible conflicts, defaults or violations, which conflicts, defaults or violations would
not have a Material Adverse Effect.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Bookman Old Style, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 114pt"></TD><TD STYLE="width: 31.8pt"><FONT STYLE="font-size: 11.5pt">s.</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 11.5pt"><U>Environmental Matters</U>.</FONT></TD></TR></TABLE>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">(i)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt">There are, to the Company&#8217;s knowledge, with respect to the Company or any of its Subsidiaries
or any predecessor of <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Company, no past or present violations of Environmental Laws
(as defined below), releases of any material into <FONT STYLE="letter-spacing: -0.1pt">the </FONT>environment, actions, activities,
circumstances, conditions, events, incidents, or contractual obligations which may give rise to any common law environmental liability
or any liability under the Comprehensive Environmental Response,</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.55pt 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.55pt 0 6pt; text-align: justify">Compensation and Liability
Act of 1980 or similar federal, state, local or foreign laws and neither <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company
nor any of its Subsidiaries has received any notice with respect to any of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>foregoing,
nor is any action pending or, to the Company&#8217;s knowledge, threatened in connection with any of the foregoing. The term &#8220;Environmental
Laws&#8221; means all federal, state, local or foreign laws relating to pollution or protection of human health or the environment
(including, without limitation, ambient air, surface water, groundwater, land surface or subsurface strata), including, without
limitation, laws relating to emissions, discharges, releases or threatened releases of chemicals, pollutants contaminants, or toxic
or hazardous substances or wastes (collectively, &#8220;Hazardous Materials&#8221;) into <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>environment, or otherwise relating to the manufacture, processing, distribution, use, treatment, storage, disposal, transport
or handling of Hazardous Materials, as well as all authorizations, codes, decrees, demands or demand letters, injunctions, judgments,
licenses, notices or notice letters, orders, permits, plans or regulations issued, entered, promulgated or approved thereunder.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.7pt 0 6pt; text-align: justify; text-indent: 0in">(ii)
Other than those that are or were stored, used or disposed of in compliance with applicable law, no Hazardous Materials are contained
on or about any real property currently owned, leased or used by <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company or any
of its Subsidiaries, and no Hazardous Materials were released on or about any real property previously owned, leased or used by
the Company or any of its Subsidiaries during the period the property was owned, leased or used by the Company or any of its Subsidiaries,
except in the normal course of the Company&#8217;s or any of its Subsidiaries&#8217; business.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.8pt 0 6pt; text-align: justify; text-indent: 0in">(iii) There
are no underground storage tanks on or under any real property owned, leased or used by <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Company or any of its Subsidiaries that are not in compliance with applicable law.</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.6pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">t.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Title to Property</U>. Except as disclosed in the SEC Documents the Company and its Subsidiaries
have good and marketable title in fee simple to all real property and good and marketable title to all personal property owned
by them which is material to the business of the Company and its Subsidiaries, in each case free and clear of all liens, encumbrances
and defects or such as would not have a Material Adverse Effect. Any real property and facilities held under lease by the Company
and its Subsidiaries are held by them under valid, subsisting and enforceable leases with such exceptions as would not have a Material
Adverse Effect.</FONT></P>

<P STYLE="font: 7pt Bookman Old Style, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 5pt 5.55pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">u.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Internal Accounting Controls</U>. Except as disclosed in the SEC Documents the Company
and each of its Subsidiaries maintain a system of internal accounting controls sufficient, in the judgment of the Company&#8217;s
board of directors, to provide reasonable assurance that (i) transactions are executed in accordance with management&#8217;s general
or specific authorizations, (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity
with generally accepted accounting principles and to maintain asset accountability, (iii) access to assets is permitted only in
accordance with management&#8217;s general or specific authorization and (iv) <FONT STYLE="letter-spacing: -0.1pt">the </FONT>recorded
accountability for assets is compared
with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 5pt 5.55pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.85pt 0 6pt; text-align: justify"></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">v.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Foreign Corrupt Practices</U>. Neither the Company, nor any of its Subsidiaries, nor
any director, officer, agent, employee or other person acting on behalf of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company
or any Subsidiary has, in the course of his actions for, or on behalf of, <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Company,
used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expenses relating to political activity;
made any direct or indirect unlawful payment to any foreign or domestic government official or employee from corporate funds; violated
or is in violation of any provision of the</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.1pt 5.7pt 0 6pt; text-align: justify">U.S. Foreign Corrupt Practices
Act of 1977, as amended, or made any bribe, rebate, payoff, influence payment, kickback or other unlawful payment to any foreign
or domestic government official or employee.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Bookman Old Style, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 114pt"></TD><TD STYLE="width: 42.1pt"><FONT STYLE="font-size: 11.5pt">w.</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 11.5pt"><U>[INTENTIONALLY OMITTED].</U></FONT></TD></TR></TABLE>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">x.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>No Investment Company</U>. The Company is not, and upon the issuance and sale of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Securities as contemplated by this Agreement will not be an &#8220;investment company&#8221; required to be registered under
the Investment Company Act of 1940 (an &#8220;Investment Company&#8221;). <FONT STYLE="letter-spacing: -0.1pt">The </FONT>Company
is not controlled by an Investment Company.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.6pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">y.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Insurance</U>. The Company and each of its Subsidiaries are insured by insurers of recognized
financial responsibility against such losses and risks and in such amounts as management of the Company believes to be prudent
and customary in the businesses in which the Company and its Subsidiaries are engaged. Neither the Company nor any such Subsidiary
has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or
to obtain similar coverage from similar insurers as may be necessary to continue its business at a cost that would not have a Material
Adverse Effect. Upon written request the Company will provide to <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Buyer true and
correct copies of all policies relating to directors&#8217; and officers&#8217; liability coverage, errors and omissions coverage,
and commercial general liability coverage.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.85pt 0 5.95pt; text-align: justify; text-indent: 108.05pt"><FONT STYLE="font-size: 11.5pt">z.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Bad Actor</U>. No officer or director of the Company would be disqualified under Rule
506(d) of <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Securities Act as amended on the basis of being a &#8220;bad actor&#8221;
as that term is established in the September 19, 2013 Small Entity Compliance Guide published by <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
SEC.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.6pt 0 5.95pt; text-align: justify; text-indent: 1.5in">aa.
<U>Shell Status</U>. The Company represents that it is not a &#8220;shell&#8221; issuer and has never been a &#8220;shell&#8221;
issuer, or that if it previously has been a &#8220;shell&#8221; issuer that at least twelve (12) months have passed since the Company
has reported Form 10 type information indicating that it is no longer a &#8220;shell&#8221; issuer. Further, the Company will instruct
its counsel to either (i) write a 144-3(a)(9) opinion to allow for salability of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Returnable
Shares and/or Conversion Shares or (ii) accept such opinion from Holder&#8217;s counsel.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.6pt 0 5.95pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.7pt 0 6pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.7pt 0 6pt; text-align: justify; text-indent: 1.5in">bb.
<U>No-Off Balance Sheet Arrangements</U>. There is no transaction, arrangement, or other relationship between the Company or any
of its Subsidiaries and an unconsolidated or other off balance sheet entity that is required to be disclosed by <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Company in its 1934 Act filings and is not so disclosed or that otherwise could be reasonably likely to have a Material Adverse
Effect.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.75pt 0 6pt; text-align: justify; text-indent: 1.5in">cc. <U>Manipulation
of Price</U>. The Company has not, and to its knowledge no one acting on its behalf has: (i) taken, directly or indirectly, any
action designed to cause or to result, or that could reasonably be expected to cause or result, in <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>stabilization or manipulation of the price of any security of the Company to facilitate the sale or resale of any of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Securities, (ii) sold, bid for, purchased, or paid any compensation for soliciting purchases of, any of the Securities,
or (iii) paid or agreed to pay to any person any compensation for soliciting another to purchase any other securities of the Company.</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.7pt 0 6pt; text-align: justify; text-indent: 1.5in">dd.
<U>Sarbanes-Oxley Act</U>. The Company and each Subsidiary is in material compliance with all applicable requirements of the Sarbanes-Oxley
Act of 2002 that are effective as of the date hereof, and all applicable rules and regulations promulgated by the SEC thereunder
that are effective as of the date hereof.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.6pt 0 6pt; text-align: justify; text-indent: 1.5in">ee.
<U>Employee Relations</U>. Neither the Company nor any of its Subsidiaries is a party to any collective bargaining agreement or
employs any member of a union. The Company believes that its and its Subsidiaries&#8217; relations with their respective employees
are good. No executive officer (as defined in Rule 501(f) promulgated under <FONT STYLE="letter-spacing: -0.1pt">the </FONT>1933
Act) or other key employee of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company or any of its Subsidiaries has notified the
Company or any such Subsidiary that such officer intends to leave the Company or any such Subsidiary or otherwise terminate such
officer&#8217;s employment with the Company or any such Subsidiary. To the knowledge of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Company, no executive officer or other key employee of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company or any of
its Subsidiaries is, or is now expected to be, in violation of any material term of any employment contract, confidentiality, disclosure
or proprietary information agreement, non-competition agreement, or any other contract or agreement or any restrictive covenant,
and the continued employment of each such executive officer or other key employee (as the case may be) does not subject <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Company or any of its Subsidiaries to any liability with respect to any of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>foregoing
matters. The Company and its Subsidiaries are in compliance with all federal, state, local and foreign laws and regulations respecting
labor, employment and employment practices and benefits, terms and conditions of employment and wages and hours, except where failure
to be in compliance would not, either individually or in the aggregate, reasonably be expected to result in a Material Adverse
Effect.</P>

<P STYLE="font: 7pt Bookman Old Style, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 5pt 5.7pt 0 6pt; text-align: justify; text-indent: 1.5in">ff. <U>Due
Diligence Questionnaire</U>. The Company hereby represents and warrants to Buyer that all of the information furnished by the Company
to Holder on or around the date hereof, pursuant to the due diligence questionnaire form requested by Holder, is true and correct
in all material respects as of the date hereof.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 5pt 5.7pt 0 6pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.7pt 0 6pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.7pt 0 6pt; text-align: justify; text-indent: 1.5in">gg.
<U>Breach of Representations and Warranties by <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company</U>. The Company agrees
that if the Company breaches any of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>representations or warranties set forth in
this Section 3, and in addition to any other remedies available to the Buyer pursuant to this Agreement and it being considered
an Event of Default under Section 3.5 of the Note, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company shall pay to <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Buyer <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Standard Liquidated Damages Amount in cash or in shares of Common
Stock at the option of the Company, until such breach is cured. If the Company elects to pay the Standard Liquidated Damages Amounts
in shares of Common Stock, such shares shall be issued at the Conversion Price at <FONT STYLE="letter-spacing: -0.1pt">the </FONT>time
of payment.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Bookman Old Style, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 78pt"></TD><TD STYLE="width: 77.15pt"><FONT STYLE="font-size: 11.5pt">4.</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 11.5pt">COVENANTS.</FONT></TD></TR></TABLE>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">a.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Best Efforts</U>. The parties shall use their commercially reasonable best efforts to
satisfy timely each of the conditions described in Section 7 and 8 of this Agreement.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Bookman Old Style, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 114pt"></TD><TD STYLE="width: 33pt"><FONT STYLE="font-size: 11.5pt">b.</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 11.5pt"><U>[INTENTIONALLY OMITTED].</U></FONT></TD></TR></TABLE>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">c.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Use of Proceeds</U>. The Company shall use the proceeds from the sale of the Note for
working capital and other general corporate purposes and shall not, directly or indirectly, use such proceeds for any loan to or
investment in any other corporation, partnership, enterprise or other person (except in connection with its currently existing
direct or indirect Subsidiaries).</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Bookman Old Style, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 114pt"></TD><TD STYLE="width: 33pt"><FONT STYLE="font-size: 11.5pt">d.</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 11.5pt"><U>[INTENTIONALLY OMITTED].</U></FONT></TD></TR></TABLE>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 5.95pt; text-align: justify; text-indent: 108.05pt"><FONT STYLE="font-size: 11.5pt">e.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Expenses</U>. At Closing, the Company&#8217;s will reimburse Buyer&#8217;s legal expenses
of $4,000.00 which shall be considered a non-refundable, non-accountable sum.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.6pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">f.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Financial Information</U>. The Company agrees to send or make available <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
following reports to the Buyer until the Buyer transfers, assigns, or sells all of the Securities: (i) within ten (10) days after
the filing with <FONT STYLE="letter-spacing: -0.1pt">the </FONT>SEC, a copy of its Annual Report on Form 10-K its Quarterly Reports
on Form 10-Q and any Current Reports on Form 8-K; (ii) within one (1) day after release, copies of all press releases issued by
the Company or any of its Subsidiaries; and</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.75pt 0 6pt; text-align: justify">(iii) contemporaneously
with the making available or giving to the shareholders of the Company, copies of any notices or other information <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Company makes available or gives to such shareholders. For <FONT STYLE="letter-spacing: -0.1pt">the </FONT>avoidance of
doubt, filing <FONT STYLE="letter-spacing: -0.1pt">the </FONT>documents required in (i) above via EDGAR or releasing any documents
set forth in</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 5.75pt 0 6pt; text-align: justify">(ii) above via a recognized
wire service shall satisfy the delivery requirements of this Section 4(f).</P>

<P STYLE="font: 7pt Bookman Old Style, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 5pt 5.6pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">g.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Listing</U>. <FONT STYLE="letter-spacing: -0.1pt">The </FONT>Company shall promptly secure
<FONT STYLE="letter-spacing: -0.1pt">the </FONT>listing of the Returnable Shares and Conversion Shares upon each national securities
exchange or automated quotation system, if any, upon which shares of Common Stock are then listed (subject to official notice of
issuance) and, so long as the Buyer owns any of the Securities, shall maintain, so long as any other shares of Common</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 5pt 5.6pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.45pt 0 6pt; text-align: justify; text-indent: -0.05pt">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.45pt 0 6pt; text-align: justify; text-indent: -0.05pt">Stock
shall be so listed, such listing of all Returnable Shares and Conversion Shares from time to time issuable upon conversion of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Note. The Company will obtain and, so long as the Buyer owns any of the Securities, maintain the listing and trading of
its Common Stock on the OTCBB, OTCQB or any equivalent replacement exchange, the Nasdaq National Market (&#8220;Nasdaq&#8221;),
the Nasdaq SmallCap Market (&#8220;Nasdaq SmallCap&#8221;), the New York Stock Exchange (&#8220;NYSE&#8221;), or the NYSE MKT and
will comply in all respects with the Company&#8217;s reporting, filing and other obligations under the bylaws or rules of the Financial
Industry Regulatory Authority (&#8220;FINRA&#8221;) and such exchanges, as applicable. The Company shall promptly provide to the
Buyer copies of any material notices it receives from the OTCBB, OTCQB and any other exchanges or quotation systems on which the
Common Stock is then listed regarding <FONT STYLE="letter-spacing: -0.1pt">the </FONT>continued eligibility of the Common Stock
for listing on such exchanges and quotation systems. <FONT STYLE="letter-spacing: -0.1pt">The </FONT>Company shall pay any and
all fees and expenses in connection with satisfying its obligation under this Section 4(g).</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.6pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">h.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Corporate Existence</U>. So long as <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Buyer
beneficially owns any Note, the Company shall maintain its corporate existence and shall not sell all or substantially all of the
Company&#8217;s assets, except in the event of a merger or consolidation or sale of all or substantially all of <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Company&#8217;s assets, where <FONT STYLE="letter-spacing: -0.1pt">the </FONT>surviving or successor entity in such transaction
(i) assumes <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company&#8217;s obligations hereunder and under the agreements and
instruments entered into in connection herewith and (ii) is a publicly traded corporation whose Common Stock is listed for trading
on the OTCBB, OTCQB, OTC Pink, the Nasdaq National Market, the Nasdaq Small Cap Market, the New York Stock Exchange, or the NYSE
MKT.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.75pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">i.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>No Integration</U>. The Company shall not make any offers or sales of any security (other
than the Securities) under circumstances that would require registration of the Securities being offered or sold hereunder under
<FONT STYLE="letter-spacing: -0.1pt">the</FONT> 1933 Act or cause the offering of the Securities to be integrated with any other
offering of securities by the Company for the purpose of any stockholder approval provision applicable to <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Company or its securities.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">j.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Failure to Comply with <FONT STYLE="letter-spacing: -0.1pt">the</FONT> 1934 Act</U>.
So long as the Buyer beneficially owns the Note, the Company shall comply with the reporting requirements of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>1934 Act; and the Company shall continue to be subject to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>reporting requirements
of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>1934 Act.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">k.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Trading Activities</U>. Neither the Buyer nor its affiliates has an open short position
(or other hedging or similar transactions) in the common stock of the Company and <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Buyer
agree that it shall not, and that it will cause its affiliates not to, engage in any short sales of or hedging transactions with
respect to the common stock of <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Company.</FONT></P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Bookman Old Style, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 114pt"></TD><TD STYLE="width: 36.55pt"><FONT STYLE="font-size: 11.5pt">l.</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 11.5pt"><U>[INTENTIONALLY OMITTED].</U></FONT></TD></TR></TABLE>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.6pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">m.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Legal Counsel Opinions</U>. Upon the request of the Buyer from to time to time, the Company
shall be responsible (at the Buyers cost) for promptly supplying to the Company&#8217;s transfer agent and the Buyer a customary</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.6pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.8pt 0 5.95pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.8pt 0 5.95pt; text-align: justify">legal opinion letter
of its counsel (the &#8220;Legal Counsel Opinion&#8221;) to the effect that the sale of Returnable Shares and Conversion Shares
by the Buyer or its affiliates, successors and assigns is exempt from <FONT STYLE="letter-spacing: -0.1pt">the </FONT>registration
requirements of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>1933 Act pursuant to Rule 144 (provided the requirements of Rule
144 are satisfied and provided <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Returnable Shares and Conversion Shares are not
then registered under <FONT STYLE="letter-spacing: -0.1pt">the </FONT>1933 Act for resale pursuant to an effective registration
statement). Should the Company&#8217;s legal counsel fail for any reason to issue the Legal Counsel Opinion, the Buyer may (at
the Company&#8217;s cost) secure another legal counsel to issue the Legal Counsel Opinion, and <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Company will instruct its transfer agent to accept such opinion.</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Bookman Old Style, Times, Serif; margin-top: 0.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 114pt"></TD><TD STYLE="width: 33.45pt"><FONT STYLE="font-size: 11.5pt">n.</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 11.5pt"><U>[Intentionally Omitted]</U>.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 11.5pt">o.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Breach of Covenants</U>. The Company agrees that if the Company breaches any of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>covenants set forth in this Section 4, and in addition to any other remedies available to the Buyer pursuant to this Agreement,
it will be considered an Event of Default under Section 3.4 of the Note, the Company shall pay to the Buyer <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Standard Liquidated Damages Amount in cash or in shares of Common Stock at <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
option of the Buyer, until such breach is cured, or with respect to Section 4(d) above, the Company shall pay to the Buyer <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Standard Liquidated Damages Amount in cash or shares of Common Stock, at the option of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Buyer, upon each violation of such provision. If the Company elects to pay the Standard Liquidated Damages Amounts in shares
of Common Stock, such shares shall be issued at the Conversion Price at <FONT STYLE="letter-spacing: -0.1pt">the </FONT>time of
payment.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Bookman Old Style, Times, Serif; margin-top: 0.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 78pt"></TD><TD STYLE="width: 73.4pt"><FONT STYLE="font-size: 11.5pt">5.</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 11.5pt"><U>[Intentionally Omitted].</U></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 5.95pt; text-align: justify; text-indent: 72.05pt"><FONT STYLE="font-size: 11.5pt">6.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Transfer Agent Instructions</U>. The Company shall issue irrevocable instructions to
its transfer agent to issue certificates, registered in the name of <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Buyer or its
nominee, for the Returnable Shares and Conversion Shares in such amounts as specified from time to time by the Buyer to the Company
upon conversion of the Note in accordance with the terms thereof (the &#8220;Irrevocable Transfer Agent Instructions&#8221;). In
<FONT STYLE="letter-spacing: -0.1pt">the</FONT> event that the Borrower proposes to replace its transfer agent, the Borrower shall
provide, prior to the effective date of such replacement, a fully executed Irrevocable Transfer Agent Instructions in a form as
initially delivered pursuant to the Purchase Agreement (including but not limited to the provision to irrevocably reserve shares
of Common Stock in <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Reserved Amount) signed by the successor transfer agent to Borrower
and the Borrower. Prior to registration of the Returnable Shares and Conversion Shares under <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
1933 Act or the date on which the Returnable Shares and Conversion Shares may be sold pursuant to Rule 144 without any restriction
as to the number of Securities as of a particular date that can then be immediately sold, all such certificates shall bear the
restrictive legend specified in Section 2(g) of this Agreement. The Company warrants that: (i) no instruction other than the Irrevocable
Transfer Agent Instructions referred to in this Section, and stop transfer instructions to give effect to Section 2(f) hereof (in
the case of the Returnable Shares and Conversion Shares, prior to registration of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Returnable
Shares and Conversion Shares under the 1933 Act or <FONT STYLE="letter-spacing: -0.1pt">the</FONT> date on which the Returnable
Shares and Conversion Shares may</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 5.95pt; text-align: justify; text-indent: 72.05pt"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.5pt 0 5.95pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.5pt 0 5.95pt; text-align: justify">be sold pursuant to
Rule 144 without any restriction as to the number of Securities as of a particular date that can then be immediately sold), will
be given by the Company to its transfer agent and that the Securities shall otherwise be freely transferable on the books and records
of <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Company as and to the extent provided in this Agreement and the Note; (ii) it
will not direct its transfer agent not to transfer or delay, impair, and/or hinder its transfer agent in transferring (or issuing)(electronically
or in certificated form) any certificate for Returnable Shares and Conversion Shares to be issued to the Buyer upon conversion
of or otherwise pursuant to the Note as and when required by the Note and this Agreement; and (iii) it will not fail to remove
(or directs its transfer agent not to remove or impairs, delays, and/or hinders its transfer agent from removing) any restrictive
legend (or to withdraw any stop transfer instructions in respect thereof) on any certificate for any Returnable Shares and Conversion
Shares issued to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Buyer upon conversion of or otherwise pursuant to the Note as
and when required by the Note and this Agreement. Nothing in this Section shall affect in any way <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Buyer&#8217;s obligations and agreement set forth in Section 2(g) hereof to comply with all applicable prospectus delivery
requirements, if any, upon re-sale of the Securities. If <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Buyer provides <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Company, at <FONT STYLE="letter-spacing: -0.1pt">the </FONT>cost of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company,
with (i) an opinion of counsel in form, substance and scope customary for opinions in comparable transactions, to the effect that
a public sale or transfer of such Securities may be made without registration under the 1933 Act and such sale or transfer is effected
or (ii) <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Buyer provides reasonable assurances that the Securities can be sold pursuant
to Rule 144, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company shall permit the transfer, and, in <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>case of the Returnable Shares and Conversion Shares, promptly instruct its transfer agent to issue one or more certificates,
free from restrictive legend, in such name and in such denominations as specified by <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Buyer. The Company acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the Buyer, by vitiating
the intent and purpose of the transactions contemplated hereby. Accordingly, the Company acknowledges that the remedy at law for
a breach of its obligations under this Section may be inadequate and agrees, in the event of a breach or threatened breach by the
Company of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>provisions of this Section, that the Buyer shall be entitled, in addition
to all other available remedies, to an injunction restraining any breach and requiring immediate transfer, without the necessity
of showing economic loss and without any bond or other security being required.</P>

<P STYLE="font: 7pt Bookman Old Style, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 5pt 5.75pt 0 6pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 11.5pt">7.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>CONDITIONS PRECEDENT TO THE COMPANY&#8217;S OBLIGATIONS TO SELL</U>. <FONT STYLE="letter-spacing: -0.1pt">The</FONT>
obligation of the Company hereunder to issue and sell the Note to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Buyer at <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Closing is subject to the satisfaction, at or before <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Closing Date of each
of the following conditions thereto, provided that these conditions are for the Company&#8217;s sole benefit and may be waived
by the Company at any time in its sole discretion:</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.85pt 0 6pt; text-align: left; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">a.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt; letter-spacing: -0.1pt">The </FONT><FONT STYLE="font-size: 11.5pt">Buyer shall have executed
this Agreement and delivered the same to the Company.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: left; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">b.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt">The Buyer shall have delivered <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Purchase
Price in accordance with Section 1(b) above.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: left; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 5pt 5.7pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">c.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt; letter-spacing: -0.1pt">The </FONT><FONT STYLE="font-size: 11.5pt">representations and warranties
of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Buyer shall be true and correct in all material respects as of the date when
made and as of the Closing Date as though made at that time (except for representations and warranties that speak as of a specific
date), and the Buyer shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions
required by this Agreement to be performed, satisfied or complied with by the Buyer at or prior to the Closing Date.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.75pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">d.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt">No litigation, statute, rule, regulation, executive order, decree, ruling or injunction
shall have been enacted, entered, promulgated or endorsed by or in any court or governmental authority of competent jurisdiction
or any self-regulatory organization having authority over the matters contemplated hereby which prohibits the consummation of any
of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>transactions contemplated by this Agreement.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 11.5pt">8.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>CONDITIONS PRECEDENT TO THE BUYER&#8217;S OBLIGATION TO PURCHASE</U>. The obligation
of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Buyer hereunder to purchase the Note at the Closing is subject to <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
satisfaction, at or before the Closing Date of each of the following conditions, provided that these conditions are for the Buyer&#8217;s
sole benefit and may be waived by <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Buyer at any time in its sole discretion:</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">a.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt">The Company shall have executed this Agreement and delivered the same to the Buyer.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.75pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">b.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt">The Company shall have delivered to the Buyer the duly executed Note (in such denominations
as <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Buyer shall request) and in accordance with Section 1(b) above.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.8pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">c.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt; letter-spacing: -0.1pt">The </FONT><FONT STYLE="font-size: 11.5pt">Irrevocable Transfer
Agent Instructions, in form and substance satisfactory to a majority-in-interest of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Buyer,
shall have been delivered to and acknowledged in writing by <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company&#8217;s Transfer
Agent.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">d.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt">The representations and warranties of the Company shall be true and correct in all material
respects as of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>date when made and as of the Closing Date as though made at such
time (except for representations and warranties that speak as of a specific date) and the Company shall have performed, satisfied
and complied in all material respects with the covenants, agreements and conditions required by this Agreement to be performed,
satisfied or complied with by the Company at or prior to the Closing Date. The Buyer shall have received a certificate or certificates,
executed by the chief executive officer of the Company, dated as of the Closing Date, to the foregoing effect and as to such other
matters as may be reasonably requested by <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Buyer including, but not limited to certificates
with respect to the Company&#8217;s Certificate of Incorporation, By-laws and Board of Directors&#8217; resolutions relating to
the transactions contemplated hereby.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">e.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt">No litigation, statute, rule, regulation, executive order, decree, ruling or injunction
shall have been enacted, entered, promulgated or endorsed by or in any court or governmental authority of competent jurisdiction
or any self-regulatory organization having authority
over the matters contemplated hereby which prohibits the consummation of any of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>transactions
contemplated by this Agreement.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.75pt 0 6pt; text-align: justify"></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.85pt 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">f.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt">No event shall have occurred which could reasonably be expected to have a Material Adverse
Effect on the Company including but not limited to a change in <FONT STYLE="letter-spacing: -0.1pt">the </FONT>1934 Act reporting
status of <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Company or the failure of <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Company to be timely in its 1934 Act reporting obligations.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.6pt 0 5.95pt; text-align: justify; text-indent: 0.05pt"><FONT STYLE="font-size: 11.5pt">g.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt">The Returnable Shares and Conversion Shares shall have been authorized for quotation on
the OTCBB, OTCQB or any similar quotation system and trading in the Common Stock on the OTCBB, OTCQB or any similar quotation system
shall not have been suspended by <FONT STYLE="letter-spacing: -0.1pt">the </FONT>SEC or the OTCBB, OTCQB or any similar quotation
system.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.75pt 0 5.95pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">h.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt; letter-spacing: -0.1pt">The </FONT><FONT STYLE="font-size: 11.5pt">Buyer shall have received
an officer&#8217;s certificate described in Section 3(c) above, dated as of the Closing Date.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.8pt 0 5.95pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11.5pt">i.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt; letter-spacing: -0.1pt">The </FONT><FONT STYLE="font-size: 11.5pt">Buyer shall have received
<FONT STYLE="letter-spacing: -0.1pt">the </FONT>amount of Returnable Shares, issued as of the Closing Date.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Bookman Old Style, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 77.95pt"></TD><TD STYLE="width: 77.05pt"><FONT STYLE="font-size: 11.5pt">9.</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 11.5pt">GOVERNING LAW; MISCELLANEOUS.</FONT></TD></TR></TABLE>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.6pt 0 6pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 11.5pt">a.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Governing Law</U>. This Agreement shall be governed by and construed in accordance with
<FONT STYLE="letter-spacing: -0.1pt">the </FONT>laws of the State of Nevada without regard to principles of conflicts of laws.
Any action brought by either party against the other concerning the transactions contemplated by this Agreement, <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Note or any other agreement, certificate, instrument or document contemplated hereby shall be brought only in the state courts
or federal courts located in the Commonwealth of Massachusetts. The parties to this Agreement hereby irrevocably waive any objection
to jurisdiction and venue of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction or
venue or based upon <I>forum non conveniens</I>. <B>EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE TO, AND AGREES NOT
TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR UNDER ANY OTHER TRANSACTION DOCUMENT OR IN CONNECTION
WITH OR ARISING OUT OF THIS AGREEMENT, ANY OTHER TRANSACTION DOCUMENT OR ANY TRANSACTION CONTEMPLATED HEREBY OR THEREBY</B>. <FONT STYLE="letter-spacing: -0.1pt">The</FONT>
prevailing party shall be entitled to recover from the other party its reasonable attorney's fees and costs. In the event that
any provision of this Agreement or any other agreement delivered in connection herewith is invalid or unenforceable under any applicable
statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall
be deemed modified to conform with such statute or rule of law. Any such provision which may prove invalid or unenforceable under
any law shall not affect the validity or enforceability of any other provision of any agreement. Each party hereby irrevocably
waives personal service of process and consents to process being served in any suit, action or proceeding in connection with this
Agreement or any other Transaction Document by mailing a copy thereof via registered or certified mail or overnight delivery (with
evidence of delivery) to such party at the address in effect for notices to it under
this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing
contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by law.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.6pt 0 6pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.8pt 0 6pt; text-align: justify"></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 5.95pt; text-align: justify; text-indent: 36.05pt"><FONT STYLE="font-size: 11.5pt">b.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Removal of Restrictive Legends</U>. In the event that Purchaser has any shares of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Company&#8217;s Common Stock bearing any restrictive legends, and Purchaser, through its counsel or other representatives,
submits to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Transfer Agent any such shares for <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>removal of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>restrictive legends thereon in connection with a sale of such
shares pursuant to any exemption to the registration requirements under the Securities Act, and the Company and or its counsel
refuses or fails for any reason (except to the extent that such refusal or failure is based solely on applicable law that would
prevent <FONT STYLE="letter-spacing: -0.1pt">the </FONT>removal of such restrictive legends) to render an opinion of counsel or
any other documents or certificates required for the removal of the restrictive legends, then <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Company hereby agrees and acknowledges that <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Purchaser is hereby irrevocably
and expressly authorized to have counsel to the Purchaser render any and all opinions and other certificates or instruments which
may be required for purposes of removing such restrictive legends, and the Company hereby irrevocably authorizes and directs <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Transfer Agent to, without any further confirmation or instructions from the Company, issue any such shares without restrictive
legends as instructed by the Purchaser, and surrender to a common carrier for overnight delivery to the address as specified by
the Purchaser, certificates, registered in the name of <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Purchaser or its designees,
representing the shares of Common Stock to which the Purchaser is entitled, without any restrictive legends and otherwise freely
transferable on <FONT STYLE="letter-spacing: -0.1pt">the </FONT>books and records of <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Company.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.5pt 0 6pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 11.5pt">c.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Filing Requirements</U>. From the date of this Agreement until the Notes are no longer
outstanding, the Company will timely and voluntarily comply with all reporting requirements that are applicable to an issuer with
a class of shares registered pursuant to Section 12(g) of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>1934 Act, whether or
not the Company is then subject to such reporting requirements, and comply with all requirements related to any registration statement
filed pursuant to this Agreement. The Company will use reasonable efforts not to take any action or file any document (whether
or not permitted by the 1933 Act or the 1934 Act or the rules thereunder) to terminate or suspend such registration or to terminate
or suspend its reporting and filing obligations under said acts until the Notes are no longer outstanding. The Company will maintain
the quotation or listing of its Common Stock on <FONT STYLE="letter-spacing: -0.1pt">the </FONT>OTCBB, OTCQB, and OTC Pink, NYSE,
or NASDAQ Stock Market (whichever of <FONT STYLE="letter-spacing: -0.1pt">the</FONT> foregoing is at the time <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
principal trading exchange or market for <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Common Stock (the &#8220;Principal Market&#8221;),
and will comply in all respects with the Company&#8217;s reporting, filing and other obligations under <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>bylaws or rules of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Principal Market, as applicable. The Company will provide
Purchaser with copies of all notices it receives notifying the Company of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>threatened
and actual delisting of the Common Stock from any Principal Market. As of the date of this Agreement and <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Closing Date, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>OTC Pink, is <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Principal
Market. Until <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Note is no longer outstanding, <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Company will continue <FONT STYLE="letter-spacing: -0.1pt">the </FONT>listing or quotation of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Common Stock on a Principal Market and will comply in all respects with the Company&#8217;s
reporting, filing and other obligations under the bylaws or rules of the Principal Market.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.5pt 0 6pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 0 0 6pt"></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 11.5pt">d.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt">1<U>44 Default</U>. In the event commencing twelve (12) months after the Closing Date and
ending twenty-four (24) months thereafter, the Purchaser is not permitted to resell any of the Conversion Shares without any restrictive
legend or if such sales are permitted but subject to volume limitations or further restrictions on resale as a result of the unavailability
to Subscriber of Rule 144(b)(1)(i) under <FONT STYLE="letter-spacing: -0.1pt">the </FONT>1933 Act or any successor rule (a &#8220;144
Default&#8221;), for any reason except for Purchasers&#8217; status as an Affiliate or &#8220;control person&#8221; of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Company, or as a result of a change in current applicable securities laws, then <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Company shall pay such Purchaser as liquidated damages and not as a penalty an amount equal to two percent (2%) of the value
of Conversion Shares (based on the closing sale of the Common Stock) subject to such 144 Default during the pendency of <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
144 Default of each thirty day period thereafter (or portion thereof).</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.5pt 0 5.95pt; text-align: justify; text-indent: 36.05pt"><FONT STYLE="font-size: 11.5pt">e.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Usury</U>. To <FONT STYLE="letter-spacing: -0.1pt">the</FONT> extent it may lawfully
do so, the Company hereby agrees not to insist upon or plead or in any manner whatsoever claim, and will resist any and all efforts
to be compelled to take the benefit or advantage of, usury laws wherever enacted, now or at any time hereafter in force, in connection
with any claim, action or proceeding that may be brought by the Purchaser in order to enforce any right or remedy under the Note.
Notwithstanding any provision to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>contrary contained in herein or under <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Note, it is expressly agreed and provided that <FONT STYLE="letter-spacing: -0.1pt">the </FONT>total liability of <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Company under the Note for payments in the nature of interest shall not exceed the maximum lawful rate authorized under
applicable law (the &#8220;Maximum Rate&#8221;), and, without limiting the foregoing, in no event shall any rate of interest or
default interest, or both of them, when aggregated with any other sums in the nature of interest that the Company may be obligated
to pay under the Note or herein exceed such Maximum Rate. It is agreed that if the maximum contract rate of interest allowed by
law and applicable to the Note is increased or decreased by statute or any official governmental action subsequent to the date
hereof, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>new maximum contract rate of interest allowed by law will be the Maximum
Rate applicable to the Note from the effective date forward, unless such application is precluded by applicable law. If under any
circumstances whatsoever, interest in excess of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Maximum Rate is paid by <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Company to the Purchaser with respect to indebtedness evidenced by <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Note,
such excess shall be applied by the Purchaser to the unpaid principal balance of any such indebtedness or be refunded to the Company,
<FONT STYLE="letter-spacing: -0.1pt">the </FONT>manner of handling such excess to be at the Purchaser&#8217;s election.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 11.5pt">f.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Counterparts; Signatures by Facsimile</U>. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original but all of which shall constitute one and <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party. This
Agreement, once executed by a party, may be delivered to <FONT STYLE="letter-spacing: -0.1pt">the </FONT>other party hereto by
facsimile transmission of a copy of this Agreement bearing the signature of <FONT STYLE="letter-spacing: -0.1pt">the</FONT> party
so delivering this Agreement.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.7pt 0 6pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.7pt 0 6pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 11.5pt">g.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Construction; Headings</U>. This Agreement shall be deemed to be jointly drafted by <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Company and the Buyer and shall not be construed against any person as the drafter hereof. The headings of this Agreement
are for convenience of reference only and shall not form part of, or affect the interpretation of, this Agreement.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 11.5pt">h.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Severability</U>. In the event that any provision of this Agreement is invalid or unenforceable
under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict
therewith and shall be deemed modified to conform with such statute or rule of law. Any provision hereof which may prove invalid
or unenforceable under any law shall not affect the validity or enforceability of any other provision hereof.</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.7pt 0 6pt; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-size: 11.5pt">i.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Entire Agreement</U>; Amendments. This Agreement, <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Note and <FONT STYLE="letter-spacing: -0.1pt">the </FONT>instruments referenced herein contain the entire understanding
of the parties with respect to the matters covered herein and therein and, except as specifically set forth herein or therein,
neither the Company nor the Buyer makes any representation, warranty, covenant or undertaking with respect to such matters. No
provision of this Agreement may be waived or amended other than by an instrument in writing signed by the majority in interest
of the Buyer.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-size: 11.5pt">j.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Notices</U>. All notices, demands, requests, consents, approvals, and other communications
required or permitted hereunder shall be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii)
deposited in the mail, registered or certified, return receipt requested, postage prepaid, (iii) delivered by reputable air courier
service with charges prepaid, or (iv) transmitted by hand delivery, telegram, email, or facsimile, addressed as set forth below
or to such other address as such party shall have specified most recently by written notice. Any notice or other communication
required or permitted to be given hereunder shall be deemed effective (a) upon hand delivery or delivery by email or facsimile,
with accurate confirmation generated by <FONT STYLE="letter-spacing: -0.1pt">the </FONT>transmitting facsimile machine, at the
address or number designated below (if delivered on a business day during normal business hours where such notice is to be received),
or <FONT STYLE="letter-spacing: -0.1pt">the </FONT>first business day following such delivery (if delivered other than on a business
day during normal business hours where such notice is to be received) or (b) on the second business day following <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
date of mailing by express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever
shall first occur. The addresses for such communications shall be:</FONT></P>

<P STYLE="font: 13pt Bookman Old Style, Times, Serif; margin: 0"></P>

<P STYLE="font: 13pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11.5pt/27pt Bookman Old Style, Times, Serif; margin: 8.25pt 296.45pt 0 78pt; text-indent: -18.05pt">If to the Company,
to: CleanSpark, Inc.</P>

<P STYLE="font: 11.5pt/13.45pt Bookman Old Style, Times, Serif; margin: 0.05pt 0 0 78pt">70 North Main Street, Suite 105</P>

<P STYLE="font: 11.5pt/13.45pt Bookman Old Style, Times, Serif; margin: 0 0 0 78pt">Bountiful, UT 84010</P>

<P STYLE="font: 11.5pt/13.45pt Bookman Old Style, Times, Serif; margin: 0 0 0 78pt">E-mail: <FONT STYLE="color: blue"><U>info@cleanspark.com</U></FONT>
</P>

<P STYLE="font: 11.5pt/13.45pt Bookman Old Style, Times, Serif; margin: 0 0 0 78pt">&nbsp;</P>


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<P STYLE="font: 11.5pt/200% Bookman Old Style, Times, Serif; margin: 3.95pt 237.25pt 0 60pt; text-indent: 17.95pt"></P>

<P STYLE="font: 11.5pt/200% Bookman Old Style, Times, Serif; margin: 3.95pt 237.25pt 0 60pt; text-indent: 17.95pt">If to the
Holder:</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 308.05pt 0 78pt">Labrys Fund, LP 48 Parker Road</P>

<P STYLE="font: 11.5pt/13.45pt Bookman Old Style, Times, Serif; margin: 0 0 0 78pt">Wellesley, MA 02482</P>

<P STYLE="font: 11.5pt/13.45pt Bookman Old Style, Times, Serif; margin: 0 0 0 78pt">E-mail: admin@equiluxgroup.com</P>

<P STYLE="font: 11.5pt/27pt Bookman Old Style, Times, Serif; margin: 0 110.55pt 0 78pt; text-indent: -0.25in">With a copy to (which
copy shall not constitute notice): Legal &amp; Compliance, LLC</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 228.25pt 0 78pt">330 Clematis Street, Ste. 217 West Palm
Beach, FL 33401 Attn: Chad Friend, Esq., LL.M.</P>

<P STYLE="font: 11.5pt/13.45pt Bookman Old Style, Times, Serif; margin: 0 0 0 78pt">E-mail: <FONT STYLE="color: blue"><U>CFriend@LegalAndCompliance.com</U></FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 0 0 42pt">Each party shall provide notice to the other party
of any change in address.</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 5.95pt; text-align: justify; text-indent: 36.05pt"><FONT STYLE="font-size: 11.5pt">k.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Successors and Assigns</U>. This Agreement shall be binding upon and inure to <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>benefit of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>parties and their successors and assigns. Neither the Company
nor <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Buyer shall assign this Agreement or any rights or obligations hereunder without
the prior written consent of the other. Notwithstanding <FONT STYLE="letter-spacing: -0.1pt">the </FONT>foregoing, subject to Section
2(f), the Buyer may assign its rights hereunder to any person that purchases Securities in a private transaction from the Buyer
or to any of its &#8220;affiliates,&#8221; as that term is defined under the 1934 Act, without the consent of the Company.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 11.5pt">l.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Third Party Beneficiaries</U>. This Agreement is intended for the benefit of the parties
hereto and their respective permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced
by, any other person.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.6pt 0 6pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 11.5pt">m.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Survival</U>. The representations and warranties of <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Company and the agreements and covenants set forth in this Agreement shall survive the closing hereunder not withstanding any due
diligence investigation conducted by or on behalf of the Buyer. The Company agrees to indemnify and hold harmless <FONT STYLE="letter-spacing: -0.1pt">the</FONT>
Buyer and all their officers, directors, employees and agents for loss or damage arising as a result of or related to any breach
or alleged breach by the Company of any of its representations, warranties and covenants set forth in this Agreement or any of
its covenants and obligations under this Agreement, including advancement of expenses as they are incurred.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.65pt 0 6pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 11.5pt">n.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Further Assurances. </U>Each party shall do and perform, or cause to be done and performed,
all such further acts and things, and shall execute and deliver all such other agreements, certificates, instruments and documents,
as <FONT STYLE="letter-spacing: -0.1pt">the </FONT>other party may reasonably request in order to carry out <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 5.65pt 0 6pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 5pt 5.8pt 0 6pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 11.5pt">o.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>No Strict Construction</U>. The language used in this Agreement will be deemed to be
the language chosen by <FONT STYLE="letter-spacing: -0.1pt">the</FONT> parties to express their mutual intent, and no rules of
strict construction will be applied against any party.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.65pt 0 6pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 11.5pt">p.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Remedies</U>. The Company acknowledges that a breach by it of its obligations hereunder
will cause irreparable harm to the Buyer by vitiating the intent and purpose of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>transaction
contemplated hereby. Accordingly, the Company acknowledges that the remedy at law for a breach of its obligations under this Agreement
will be inadequate and agrees, in the event of a breach or threatened breach by the Company of the provisions of this Agreement,
that the Buyer shall be entitled, in addition to all other available remedies at law or in equity, and in addition to the penalties
assessable herein, to an injunction or injunctions restraining, preventing or curing any breach of this Agreement and to enforce
specifically <FONT STYLE="letter-spacing: -0.1pt">the </FONT>terms and provisions hereof, without the necessity of showing economic
loss and without any bond or other security being required.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.6pt 0 6pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 11.5pt">q.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Publicity</U>. The Company, and the Buyer shall have the right to review a reasonable
period of time before issuance of any press releases, SEC, OTCQB or FINRA filings, or any other public statements with respect
to the transactions contemplated hereby; provided, however, that the Company shall be entitled, without the prior approval of the
Buyer, to make any press release or SEC, OTCQB (or other applicable trading market) or FINRA filings with respect to such transactions
as is required by applicable law and regulations (although the Buyer shall be consulted by the Company in connection with any such
press release prior to its release and shall be provided with a copy thereof and be given an opportunity to comment thereon).</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.75pt 0 6pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 11.5pt">r.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Securities Laws Disclosure</U>. The Company shall comply with applicable securities laws
by filing a Current Report on Form 8-K, within four (4) Trading Days following the date hereof, disclosing all <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>material terms of <FONT STYLE="letter-spacing: -0.1pt">the </FONT>transactions contemplated hereby, if the Company deems
the transactions contemplated hereby to constitute material non- public information.</FONT></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 11.5pt">s.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11.5pt"><U>Indemnification</U>. In consideration of the Buyer&#8217;s execution and delivery of
this Agreement and acquiring the Securities hereunder, and in addition to all of the Company&#8217;s other obligations under this
Agreement or the Note, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company shall defend, protect, indemnify and hold harmless
the Buyer and its stockholders, partners, members, officers, directors, employees and direct or indirect investors and any of the
foregoing persons&#8217; agents or other representatives (including, without limitation, those retained in connection with the
transactions contemplated by this Agreement) (collectively, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>&#8220;Indemnitees&#8221;)
from and against any and all actions, causes of action, suits, claims, losses, costs, penalties, fees, liabilities and damages,
and expenses in connection therewith (irrespective of whether any such Indemnitee is a party to <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>action for which indemnification hereunder is sought), and including reasonable attorneys&#8217; fees and disbursements
(the &#8220;Indemnified Liabilities&#8221;), incurred by any Indemnitee as a result of, or arising out of, or relating to (a) any
misrepresentation or breach of any representation or warranty made by</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 5.7pt 0 6pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 11.5pt">&nbsp;</FONT></P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.65pt 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 3.95pt 5.65pt 0 6pt; text-align: justify">the Company in this Agreement
or <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Note or any other agreement, certificate, instrument or document contemplated
hereby or thereby, (b) any breach of any covenant, agreement or obligation of the Company contained in this Agreement or the Note
or any other agreement, certificate, instrument or document contemplated hereby or thereby or (c) any cause of action, suit or
claim brought or made against such Indemnitee by a third party (including for these purposes a derivative action brought on behalf
of the Company) and arising out of or resulting from (i) the execution, delivery, performance or enforcement of this Agreement
or <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Note or any other agreement, certificate, instrument or document contemplated
hereby or thereby, (ii) any transaction financed or to be financed in whole or in part, directly or indirectly, with the proceeds
of <FONT STYLE="letter-spacing: -0.1pt">the</FONT> issuance of the Securities, or (iii) the status of the Buyer or holder of the
Securities as an investor in <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Company pursuant to the transactions contemplated
by this Agreement. To <FONT STYLE="letter-spacing: -0.1pt">the </FONT>extent that the foregoing undertaking by <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>Company may be unenforceable for any reason, <FONT STYLE="letter-spacing: -0.1pt">the </FONT>Company shall make <FONT STYLE="letter-spacing: -0.1pt">the
</FONT>maximum contribution to the payment and satisfaction of each of the Indemnified Liabilities that is permissible under applicable
law</P>

<P STYLE="font: 13pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 13pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 13pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 173.1pt 0 173.05pt; text-align: center">[signature page follows]</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 173.1pt 0 173.05pt; text-align: center">&nbsp;</P>


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<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 5pt 0 0 6pt; text-indent: 0.5in">IN WITNESS WHEREOF, the undersigned
Buyer and the Company have caused this Agreement to be duly executed as of the date first above written.</P>

<P STYLE="font: 13pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 0 0 6pt"><U></U><B>CLEANSPARK,
INC.</B></P>

<P STYLE="font: 13pt Bookman Old Style, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0.05pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 313.4pt 0 6pt">By: <U>/s/ S. Matthew Schultz</U></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 313.4pt 0 6pt">Name: Matthew Schultz Title: Chief Executive Officer</P>

<P STYLE="font: 13pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 13pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 10pt 0 0 6pt"><B>LABRYS FUND, LP</B></P>

<P STYLE="font: 13pt Bookman Old Style, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 9.5pt Bookman Old Style, Times, Serif; margin: 0.5pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 0 0 6pt">By: <U>/s/ Thomas Silverman</U></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0.05pt 328.75pt 0 6pt">Name: Thomas Silverman Title: Managing Member</P>

<P STYLE="font: 13pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 13pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 13pt Bookman Old Style, Times, Serif; margin: 0"></P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0 0 0 6pt">AGGREGATE SUBSCRIPTION AMOUNT:</P>

<P STYLE="font: 11.5pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Bookman Old Style, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; border: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 11.5pt">Aggregate Principal Amount of Note:</FONT></TD>
    <TD STYLE="width: 50%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 11.5pt">US$550,000.00</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 11.5pt">Aggregate Purchase Price:</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 11.5pt">US$500,000.00*</FONT></TD></TR>
</TABLE>
<P STYLE="font: 13pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 13pt Bookman Old Style, Times, Serif; margin: 0"></P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 11.5pt/107% Bookman Old Style, Times, Serif; margin: 0 5.8pt 0 6pt; text-align: justify">*The purchase price of
$200,000.00, relating to the first tranche of $220,000.00, shall be paid within a reasonable amount of time after the full execution
of the Note and related transaction documents. Additional tranches may be funded by the Buyer, in Buyer&#8217;s sole discretion,
in accordance with the terms of <FONT STYLE="letter-spacing: -0.1pt">the</FONT> Note.</P>

<P STYLE="font: 11.5pt/107% Bookman Old Style, Times, Serif; margin: 0 5.8pt 0 6pt; text-align: justify"></P>

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<P STYLE="font: 11.5pt/107% Bookman Old Style, Times, Serif; margin: 0 5.8pt 0 6pt; text-align: justify">&nbsp;</P>


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