<SEC-DOCUMENT>0001753926-23-000939.txt : 20230720
<SEC-HEADER>0001753926-23-000939.hdr.sgml : 20230720
<ACCEPTANCE-DATETIME>20230719211501
ACCESSION NUMBER:		0001753926-23-000939
CONFORMED SUBMISSION TYPE:	S-1/A
PUBLIC DOCUMENT COUNT:		7
FILED AS OF DATE:		20230720
DATE AS OF CHANGE:		20230719

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Chromocell Therapeutics Corp
		CENTRAL INDEX KEY:			0001919246
		STANDARD INDUSTRIAL CLASSIFICATION:	BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836]
		IRS NUMBER:				863335449
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-1/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-269188
		FILM NUMBER:		231097942

	BUSINESS ADDRESS:	
		STREET 1:		685 US HIGHWAY ONE
		CITY:			NORTH BRUNSWICK
		STATE:			NJ
		ZIP:			08902
		BUSINESS PHONE:		9176446313

	MAIL ADDRESS:	
		STREET 1:		685 US HIGHWAY ONE
		CITY:			NORTH BRUNSWICK
		STATE:			NJ
		ZIP:			08902
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-1/A
<SEQUENCE>1
<FILENAME>g083645_s1a.htm
<DESCRIPTION>S-1/A
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 20pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>As

filed with the Securities and Exchange Commission on July 19, 2023</B></FONT> </p>







<p style="text-align: center; margin-top: 0; margin-bottom: 0"></p>



<p style="margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</font></p>









<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"> <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Registration

No.&nbsp;333-269188</b></font> </p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"></p>







<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>&nbsp;</b></font></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b></b></font></p>



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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 16pt"><b>UNITED

STATES</b>&nbsp;</font></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 16pt"><b>SECURITIES

AND EXCHANGE COMMISSION</b></font></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Washington,

D.C. 20549</b></font></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>







<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b></b></font></p>



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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 16pt"><B>Amendment

No. 4 to</B></FONT> <br>

<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 16pt"><B>Form S-1</B>&nbsp;</FONT></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 16pt"><b>REGISTRATION

STATEMENT</b></font></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>UNDER

<BR>

THE SECURITIES ACT OF 1933</I></B></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><I> </I></B></FONT></p>



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



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>







<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>



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<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 20pt"><b>CHROMOCELL

THERAPEUTICS CORPORATION</b></font></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(Exact

name of registrant as specified in its charter)</b></font></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>



<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">

<tr>

    <td style="width: 36%; font-size: 10pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>

    <td style="width: 32%; font-size: 10pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>

    <td style="width: 32%; font-size: 10pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>

<tr style="vertical-align: top">

    <td style="font-size: 10pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Delaware</b></font></td>

    <td style="font-size: 10pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2836</b></font></td>

    <td style="font-size: 10pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>86-3335449</b></font></td></tr>

<tr style="vertical-align: top">

    <td><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(State

or other jurisdiction of&nbsp;</b></font></p>

        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>incorporation

or organization)</b>&nbsp;</font></p></td>

    <td><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(Primary

Standard Industrial&nbsp;</b></font></p>

        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Classification

Code Number)&nbsp;</b></font></p></td>

    <td><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(I.R.S.

Employer&nbsp;</b></font></p>

        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Identification

Number)</b>&nbsp;</font></p></td></tr>

</table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>



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



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>4400 Route 9 South, Suite 1000</b><br>

<b>Freehold, NJ 07728</b><br>

<b>732-514-2636</b></p>







<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(Address,

including zip code, and telephone number, including area code, of registrant&rsquo;s principal executive offices)</b></font></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>







<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b></b></font></p>



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



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> <B>Francis Knuettel II&nbsp;</B> </p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> <B>Interim Chief Executive Officer and
Chief Financial Officer</B>&nbsp; </p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>4400 Route 9 South, Suite 1000</b><br>

<b>Freehold, NJ 07728</b>&nbsp;</p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Tel. No.: 732-514-2636</b></p>







<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(Name,

address, including zip code, and telephone number, including area code, of agent for service)</b></font></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>







<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b></b></font></p>



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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Copies

to:</i></b></font></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"></font></p>



<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">

<tr style="vertical-align: top">

    <td style="width: 50%"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>David

                           E. Danovitch, Esq.&nbsp;</B></p>

        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Aaron M. Schleicher, Esq.&nbsp;</B></p>

        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Sullivan &amp; Worcester

        LLP&nbsp;</B></p>

        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>1633 Broadway&nbsp;</B></p>

        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>New York, NY 10019&nbsp;</B></p>

        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(212) 660-3060&nbsp;</B></p></td>

    <td style="width: 50%"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>M. Ali

                           Panjwani, Esq.</B></p>

        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pryor Cashman LLP&nbsp;</B></p>

        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>7 Times Square</B></p>

        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>New York, NY 10036</B><br>

        <B>(212) 421-4100</B></p></td></tr>

</table>





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



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</font>&nbsp;</p>



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



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Approximate

date of commencement of proposed sale to the public</b>: As soon as practicable after this registration statement becomes effective.</font></p>



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



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

any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule&nbsp;415

under the Securities Act of 1933 check the following box:&nbsp;&nbsp;&#9746;</font></p>



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



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

this Form is filed to register additional securities for an offering pursuant to Rule&nbsp;462(b) under the Securities Act, please

check the following box and list the Securities Act registration statement number of the earlier effective registration statement

for the same offering.&nbsp;&nbsp;&nbsp;&#9744;</font></p>



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



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

this Form is a post-effective amendment filed pursuant to Rule&nbsp;462(c) under the Securities Act, check the following box and

list the Securities Act registration statement number of the earlier effective registration statement for the same offering.&nbsp;&nbsp;&nbsp;&#9744;</font></p>



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



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

this Form is a post-effective amendment filed pursuant to Rule&nbsp;462(d) under the Securities Act, check the following box and

list the Securities Act registration statement number of the earlier effective registration statement for the same offering.&nbsp;&nbsp;&nbsp;&#9744;</font></p>



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



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

by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting

company or an emerging growth company. See the definitions of &ldquo;large accelerated filer,&rdquo; &ldquo;accelerated filer,&rdquo;

&ldquo;smaller reporting company,&rdquo; and &ldquo;emerging growth company&rdquo; in Rule&nbsp;12b-2 of the Exchange Act.</font></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>



<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">

<tr>

    <td style="width: 19%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>

    <td style="width: 57%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>

    <td style="width: 23%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>

    <td style="width: 1%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>

<tr style="vertical-align: bottom">

    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Large&nbsp;accelerated&nbsp;filer</font></td>

    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</font></td>

    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accelerated&nbsp;filer</font></td>

    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</font></td></tr>

<tr style="vertical-align: bottom">

    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-accelerated filer</font></td>

    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9746;</font></td>

    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Smaller&nbsp;reporting&nbsp;company</font></td>

    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9746;</font></td></tr>

<tr style="vertical-align: bottom">

    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>

    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>

    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Emerging growth&nbsp;company</font></td>

    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9746;</font></td></tr>

</table>

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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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 7(a)(2)(B) of the Exchange Act.

&#9744;</font></p>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>The

registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until

the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become

effective in accordance with Section&nbsp;8(a) of the Securities Act of 1933 or until the registration statement shall become

effective on such date as the Securities and Exchange Commission, acting pursuant to said Section&nbsp;8(a), may determine.</b></font></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>





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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: red">&nbsp;</p>



<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>EXPLANATORY

NOTE</b></font></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"> This Amendment No.&nbsp;4 to the Registration

Statement on Form S-1 (File No.&nbsp;333-269188) is filed solely to amend Item 16 of Part II thereof and to file certain exhibits

thereto. This Amendment No.&nbsp;4 does not modify any provision of the preliminary prospectuses contained in Part&nbsp;I. Accordingly,

each preliminary prospectus has been omitted. </p>







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



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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>&nbsp;</B></FONT></P>



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

II</b></font></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>INFORMATION

NOT REQUIRED IN THE PROSPECTUS</b></font></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>



<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item&nbsp;13.

&nbsp;&nbsp;Other Expenses of Issuance and Distribution</FONT> </p>



<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table sets forth the

costs and expenses, other than the underwriting discounts and commissions, payable by the registrant in connection with the sale

of our securities being registered. All amounts are estimates except for the Securities and Exchange Commission (&ldquo;SEC&rdquo;)

registration fee, the Financial Industry Regulatory Authority, Inc. (&ldquo;FINRA&rdquo;) filing fee and the Nasdaq Capital Market

(&ldquo;Nasdaq&rdquo;) listing fee.</p>



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



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



<table cellspacing="0" cellpadding="0" align="CENTER" style="font: 10pt Times New Roman, Times, Serif; width: 80%; border-collapse: collapse">

<tr style="vertical-align: bottom">

    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>

    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>

    <td colspan="2" style="border-bottom: black 1pt solid; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Amount</b><br>

    <b>Paid or</b><br>

    <b>to&nbsp;be&nbsp;Paid</b></font></td>

    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>

<tr style="background-color: #CCEEFF">

    <td style="vertical-align: top; width: 65%; padding-left: 10pt; text-indent: -10pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">SEC

    registration fee</font></td>

    <td style="vertical-align: bottom; width: 1%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>

    <td style="vertical-align: bottom; width: 1%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</font></td>

    <td style="vertical-align: bottom; width: 12%; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</font></td>

    <td style="vertical-align: bottom; width: 1%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>

<tr style="background-color: white">

    <td style="vertical-align: top; padding-left: 10pt; text-indent: -10pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">FINRA

    filing fee</font></td>

    <td style="vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>

    <td style="vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>

    <td style="vertical-align: bottom; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</font></td>

    <td style="vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>

<tr style="background-color: #CCEEFF">

    <td style="vertical-align: top; padding-left: 10pt; text-indent: -10pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Nasdaq

    listing fee</font></td>

    <td style="vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>

    <td style="vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>

    <td style="vertical-align: bottom; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</font></td>

    <td style="vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>

<tr style="background-color: white">

    <td style="vertical-align: top; padding-left: 10pt; text-indent: -10pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Printing

    and engraving expenses</font></td>

    <td style="vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>

    <td style="vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>

    <td style="vertical-align: bottom; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</font></td>

    <td style="vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>

<tr style="background-color: #CCEEFF">

    <td style="vertical-align: top; padding-left: 10pt; text-indent: -10pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Legal

    fees and expenses</font></td>

    <td style="vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>

    <td style="vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>

    <td style="vertical-align: bottom; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</font></td>

    <td style="vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>

<tr style="background-color: white">

    <td style="vertical-align: top; padding-left: 10pt; text-indent: -10pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accounting

    fees and expenses</font></td>

    <td style="vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>

    <td style="vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>

    <td style="vertical-align: bottom; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</font></td>

    <td style="vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>

<tr style="background-color: #CCEEFF">

    <td style="vertical-align: top; padding-left: 10pt; text-indent: -10pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Transfer

    agent and registrar fees and expenses</font></td>

    <td style="vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>

    <td style="vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>

    <td style="vertical-align: bottom; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</font></td>

    <td style="vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>

<tr style="background-color: white">

    <td style="vertical-align: top; padding-left: 10pt; text-indent: -10pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Miscellaneous

    expenses</font></td>

    <td style="vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>

    <td style="vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>

    <td style="vertical-align: bottom; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</font></td>

    <td style="vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>

<tr style="background-color: #CCEEFF">

    <td style="vertical-align: top; padding-bottom: 1pt; padding-left: 10pt; text-indent: -10pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>

    <td style="vertical-align: bottom; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>

    <td style="vertical-align: bottom; border-bottom: black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>

    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>

    <td style="vertical-align: bottom; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>

<tr style="background-color: white">

    <td style="vertical-align: top; padding-left: 10pt; text-indent: -10pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total</font></td>

    <td style="vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>

    <td style="vertical-align: bottom; border-bottom: black 2.25pt double"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</font></td>

    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</font></td>

    <td style="vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>

</table>

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





<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*

To be provided by amendment.</font></p>



<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;</font></p>



<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item&nbsp;14.

Indemnification of Directors and Officers.</font></p>



<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">We

are incorporated under the laws of the State of Delaware. Section&nbsp;102 of the General Corporation Law of the State of Delaware

permits a corporation to eliminate the personal liability of directors of a corporation to the corporation or its stockholders

for monetary damages for a breach of fiduciary duty as a director, except where the director breached his duty of loyalty, failed

to act in good faith, engaged in intentional misconduct or knowingly violated a law, authorized the payment of a dividend or approved

a stock repurchase in violation of Delaware corporate law or obtained an improper personal benefit.</font></p>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&nbsp;145

of the DGCL provides that a corporation has the power to indemnify a director, officer, employee or agent of the corporation and

certain other persons serving at the request of the corporation in related capacities against expenses (including attorneys&rsquo;

fees), judgments, fines and amounts paid in settlements actually and reasonably incurred by the person in connection with an action,

suit or proceeding to which he is or is threatened to be made a party by reason of such position, if such person acted in good

faith and in a manner he reasonably believed to be in or not opposed to the best interests of the corporation, and, in any criminal

action or proceeding, had no reasonable cause to believe his conduct was unlawful, except that, in the case of actions brought

by or in the right of the corporation, no indemnification shall be made with respect to any claim, issue or matter as to which

such person shall have been adjudged to be liable to the corporation unless and only to the extent that the Court of Chancery

or other adjudicating court determines that, despite the adjudication of liability but in view of all of the circumstances of

the case, such person is fairly and reasonably entitled to indemnity for such expenses which the Court of Chancery or such other

court shall deem proper.</font></p>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As permitted by the DGCL, our certificate

of incorporation and bylaws to be in effect upon the closing of the offering of Units provide that: (i)&nbsp;we are required to

indemnify our directors and officers to the fullest extent permitted by the DGCL; (ii)&nbsp;we may, in our discretion, indemnify

our employees and agents as set forth in the DGCL; (iii)&nbsp;we are required, upon satisfaction of certain conditions, to advance

all expenses incurred by our directors and officers in connection with certain legal proceedings; (iv)&nbsp;the rights conferred

in the bylaws are not exclusive; and (v)&nbsp;we are authorized to enter into indemnification agreements with our directors, officers,

employees and agents.</p>



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



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">We

intend to enter into indemnification agreements with our directors and executive officers that require us to indemnify them against

expenses, judgments, fines, settlements and other amounts that any such person becomes legally obligated to pay (including with

respect to a derivative action) in connection with any proceeding, whether actual or threatened, to which such person may be made

a party by reason of the fact that such person is or was a director or officer of us or any of our affiliates, provided such person

acted in good faith and in a manner such person reasonably believed to be in, or not opposed to, our best interests. We maintain

a directors&rsquo; and officers&rsquo; liability insurance policy. The policy insures directors and officers against unindemnified

losses arising from certain wrongful acts in their capacities as directors and officers and reimburses us for those losses for

which we have lawfully indemnified the directors and officers. The policy contains various exclusions.</font></p>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, the underwriting agreement

for the offering of Units to be filed as Exhibit 1.1 to this Registration Statement provides for indemnification by the underwriters

of us and our officers and directors for certain liabilities arising under the Securities Act of 1933, as amended (the &ldquo;Securities

Act&rdquo;) or otherwise.</p>



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







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



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item&nbsp;15.

Recent Sales of Unregistered Securities.</font></p>



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



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The share amounts presented herein do not

give effect to the 1-for-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;stock split in connection with the IPO Transactions.

Pursuant to that certain Contribution Agreement entered into with Chromocell Holdings, we issued to Chromocell Holdings 10,000,000

shares of Common Stock and 600,000 shares of Series A Convertible Preferred Stock.</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On January 10, 2023, pursuant to the Chromocell Therapeutics Corporation 2023 Equity Incentive Plan, we

granted: (a) options to purchase up to an aggregate of 1,275,000 shares of Common Stock to employees and directors and (b) 150,000

restricted stock units to employees. The RSUs were cancelled on June 23, 2023 and as they had not vested, no expense was recorded

on the Company&rsquo;s historical financial statements.</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On March 9, 2023, pursuant to the Chromocell

Therapeutics Corporation 2023 Equity Incentive Plan, we granted to a director options to purchase up to an aggregate of 135,000

shares of Common Stock.</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On June 23, 2023, pursuant to that

certain Investor Note Side Letter, we issued 50,000 shares of Common Stock to the Holder of the Investor Note.</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On June 23, 2023, pursuant to the Chromocell Therapeutics

Corporation 2023 Equity Incentive Plan, we granted to two employees options to purchase up to an aggregate of 468,000 shares of

Common Stock, which include options that have not yet been granted but the Company has agreed to grant in connection with the

closing of the offering of Units.</P>



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



<P STYLE="margin: 0pt 0; text-align: justify">The offers and sales of the above securities were deemed to be exempt from registration under the Securities

Act in reliance upon Section&nbsp;4(a)(2) of the Securities Act or Regulation D promulgated thereunder, or Rule 701 promulgated

under Section&nbsp;3(b) of the Securities Act, as transactions by an issuer not involving any public offering or pursuant to benefit

plans and contracts relating to compensation as provided under Rule 701. The recipients of the above securities represented their

intentions to acquire the securities for investment only and not with a view to or for sale in connection with any distribution

thereof.</P>



<P STYLE="margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</p>







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



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item&nbsp;16.

Exhibits and Financial Statement Schedules.</font></p>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>(a)

Exhibits.</i></b></font></p>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">We

have filed the exhibits listed on the accompanying Exhibit Index of this registration statement, which Exhibit Index is incorporated

herein by reference.</font></p>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>(b)

Financial Statement Schedules.</i></b></font></p>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">All

other schedules have been omitted because the information required to be presented in them is not applicable or is shown in the

financial statements or notes.</font></p>



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



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



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item&nbsp;17.

Undertakings.</font></p>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The

undersigned Registrant hereby undertakes to provide to the underwriters at the closing specified in the underwriting agreement

certificates in such denominations and registered in such names as required by the underwriters to permit prompt delivery to each

purchaser.</font></p>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Insofar

as indemnification for liabilities arising under the Securities Act, may be permitted to directors, officers and controlling persons

of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the

Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore,

unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant

of expenses incurred or paid by a director, officer, or controlling person of the registrant in the successful defense of any

action, suit, or proceeding) is asserted by such director, officer, or controlling person in connection with the securities being

registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit

to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in

the Securities Act and will be governed by the final adjudication of such issue.</font></p>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The

undersigned Registrant hereby undertakes that:</font></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%">

<TR STYLE="vertical-align: top">

    <TD STYLE="width: 48px"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </TD>

    <TD STYLE="width: 24px; font-size: 11pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1)</FONT> </TD>

    <TD STYLE="text-align: justify; font-size: 11pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For

    purposes of determining any liability under the Securities Act, the information omitted from the form of prospectus filed

    as part of this Registration Statement in reliance upon Rule 430A and contained in a form of prospectus filed by the Registrant

    pursuant to Rule&nbsp;424(b)(1) or (4)&nbsp;or 497(h) under the Securities Act shall be deemed to be part of this Registration

    Statement as of the time it was declared effective.</FONT> </TD></TR>

</TABLE>





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



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



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



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%">

<TR STYLE="vertical-align: top">

    <TD STYLE="width: 48px"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </TD>

    <TD STYLE="width: 24px; font-size: 11pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2)</FONT> </TD>

    <TD STYLE="text-align: justify; font-size: 11pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For

    the purpose of determining any liability under the Securities Act, each post-effective amendment that contains a form of prospectus

    shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities

    at that time shall be deemed to be the initial bona fide offering thereof.</FONT> </TD></TR>

</TABLE>





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





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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>

    <!-- Field: /Page -->



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>EXHIBIT

INDEX</b></font></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p>



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">

<tr style="vertical-align: bottom">

    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; width: 10%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Exhibit</B><br>

    <B>No.</B></FONT></td>

    <TD STYLE="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; width: 90%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Description</B></FONT></td></tr>

<tr>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td></tr>

<tr style="vertical-align: top">

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.1***</FONT></td>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form of Underwriting Agreement</FONT></td></tr>

<tr>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td></tr>

<tr style="vertical-align: top">

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><a href="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000067/g083359_ex2-1.htm">2.1**</a></FONT></td>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><a href="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000067/g083359_ex2-1.htm">Contribution

    Agreement</a></FONT></td></tr>

<tr style="vertical-align: top">

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td></tr>

<tr style="vertical-align: top">

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><a href="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000067/g083359_ex3-1.htm">3.1**</a></FONT></td>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><a href="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000067/g083359_ex3-1.htm">Certificate

    of Incorporation, as currently in effect</a></FONT></td></tr>

<tr>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td></tr>

<tr>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><a href="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000067/g083359_ex3-2.htm">3.2**</a></FONT></td>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><a href="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000067/g083359_ex3-2.htm">Certificate

    of Designation of Series A Convertible Preferred Stock, as currently in effect</a></FONT></td></tr>

<tr>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td></tr>

<tr style="vertical-align: top">

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><a href="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000067/g083359_ex3-3.htm">3.3**</a></FONT> </td>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><a href="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000067/g083359_ex3-3.htm">Form

    of Certificate of Incorporation to be effective upon the closing of the offering </a></FONT> </td></tr>

<TR STYLE="vertical-align: top">

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD><P STYLE="margin: 0pt 0"><A HREF="g083645_ex3-4.htm"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.4*</FONT> </A></P>





</TD>

    <TD><P STYLE="margin: 0pt 0"><A HREF="g083645_ex3-4.htm"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form of Certificate of Designation of Series B Convertible Redeemable Preferred Stock&nbsp;to be effective upon the closing of the offering</FONT> </A></P>





</TD></TR>

<tr>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td></tr>

<tr style="vertical-align: top">

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><a href="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000067/g083359_ex3-4.htm">3.5**</a></FONT></td>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><a href="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000067/g083359_ex3-4.htm">Bylaws,

    as currently in effect</a></FONT></td></tr>

<tr>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td></tr>

<tr style="vertical-align: top">

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><a href="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000067/g083359_ex3-5.htm">3.6**</a></FONT></td>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><a href="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000067/g083359_ex3-5.htm">Form

    of Bylaws to be effective upon the closing of the offering </a></FONT></td></tr>

<tr>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td></tr>

<tr style="vertical-align: top">

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="g083645_ex4-1.htm"> 4.1* </A></FONT></td>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="g083645_ex4-1.htm"> Form

    of Representative&rsquo;s Warrant </A></FONT></td></tr>

<tr style="vertical-align: top">

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td></tr>

<tr style="vertical-align: top">

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="g083645_ex4-2.htm"> 4.2* </A></FONT></td>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="g083645_ex4-2.htm"> Form

    of Advisor Warrant </A></FONT></td></tr>

<tr style="vertical-align: top">

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td></tr>

<tr>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000873/g083573_ex4-6.htm"> 4.3** </A></FONT></td>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000873/g083573_ex4-6.htm"> Second

    Amended and Restated Investor Promissory Note Issued by the Company </A></FONT></td></tr>

<TR>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </TD>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </TD></TR>

<TR>

    <TD><P STYLE="margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000873/g083573_ex4-7.htm"> 4.4** </A></FONT></P>





</TD>

    <TD><P STYLE="margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000873/g083573_ex4-7.htm"> Side

        Letter to Amended and Restated Investor Promissory Note issued by the Company </A></FONT></P>





</TD></TR>

<tr>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td></tr>

<tr>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><a href="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000067/g083359_ex4-7.htm"> 4.5** </a></FONT></td>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><a href="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000067/g083359_ex4-7.htm"> Director

    Promissory Note Issued by the Company </a></FONT></td></tr>

<tr>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td></tr>

<tr>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="g083645_ex10-4.htm"> 4.6* </A></FONT></td>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="g083645_ex10-4.htm"> Form

    of Senior Secured Convertible Promissory Note (Bridge Financing; included in Exhibit 10.4) </A></FONT></td></tr>

<tr>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td></tr>

<tr style="vertical-align: top">

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.1***</FONT></td>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Opinion of Sullivan &amp; Worcester LLP</FONT></td></tr>

<tr>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td></tr>

<tr style="vertical-align: top">

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><a href="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000067/g083359_ex10-1.htm">10.1**</a></FONT></td>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><a href="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000067/g083359_ex10-1.htm">Chromocell

    Therapeutics Corporation 2023 Equity Incentive Plan</a></FONT></td></tr>

<tr style="vertical-align: top">

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td></tr>

<tr style="vertical-align: top">

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.2***</FONT> </td>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amended
    and Restated Employment Agreement (Christian Kopfli)</FONT> </td></tr>

<tr style="vertical-align: top">

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td></tr>

<tr style="vertical-align: top">

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000873/g083573_ex10-3.htm"> 10.3** </A></FONT></td>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000873/g083573_ex10-3.htm"> Amended

    and Restated Consultant Agreement (Camden Capital LLC) </A></FONT></td></tr>

<TR STYLE="vertical-align: top">

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </TD>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </TD></TR>

<TR STYLE="vertical-align: top">

    <TD><P STYLE="margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="g083645_ex10-4.htm"> 10.4* </A></FONT></P>





</TD>

    <TD><P STYLE="margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="g083645_ex10-4.htm"> Securities

        Purchase Agreement (Bridge Financing) </A></FONT></P>





</TD></TR>

<TR STYLE="vertical-align: top">

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </TD>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </TD></TR>

<TR STYLE="vertical-align: top">

    <TD><P STYLE="margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="g083645_ex10-5.htm"> 10.5* </A></FONT></P>





</TD>

    <TD><P STYLE="margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="g083645_ex10-5.htm"> Security

        Agreement (Bridge Financing) </A></FONT></P>





</TD></TR>

<TR STYLE="vertical-align: top">

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD><P STYLE="margin: 0pt 0"><A HREF="g083645_ex10-6.htm"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.6*</FONT> </A></P>





</TD>

    <TD><P STYLE="margin: 0pt 0"><A HREF="g083645_ex10-6.htm"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form of Securities Purchase Agreement (Series B Preferred Stock)</FONT> </A></P>





</TD></TR>

<tr style="vertical-align: top">

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td></tr>

<TR STYLE="vertical-align: top">

    <TD><P STYLE="margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000873/g083573_ex10-7.htm"> 10.7** </A></FONT></P>





</TD>

    <TD><P STYLE="margin: 0pt 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000873/g083573_ex10-7.htm"> Employment

        Agreement (Eric Lang) </A></FONT></P>





</TD></TR>

<TR STYLE="vertical-align: top">

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </TD>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </TD></TR>

<tr style="vertical-align: top">

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000873/g083573_ex23-1.htm"> 23.1** </A></FONT></td>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000873/g083573_ex23-1.htm"> Consent

    of Marcum LLP, independent registered public accounting firm </A></FONT></td></tr>

<tr>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td></tr>

<tr style="vertical-align: top">

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23.2***</FONT></td>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consent of Sullivan &amp; Worcester LLP (included

    in Exhibit 5.1)</FONT></td></tr>

<tr>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td></tr>

<tr style="vertical-align: top">

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000040/g083295_s1.htm">24.1*</A></FONT> </td>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000040/g083295_s1.htm">Power

    of Attorney (included on signature page)</A></FONT> </td></tr>

<tr style="vertical-align: top">

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></td></tr>

<tr style="vertical-align: top">

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000555/g083366_ex107.htm">107**</A></FONT></td>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1919246/000175392623000555/g083366_ex107.htm">Filing

    Fee Table</A></FONT></td></tr>

</table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0"></p>





<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>



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    <td><font style="font: 10pt Times New Roman, Times, Serif">Filed herewith.</font></td></tr>

<tr style="vertical-align: top">

<td> ** </td>

    <td> Previously filed. </td></tr>

<tr style="vertical-align: top">

    <td> <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">***</font> </td>

    <td> <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">To be filed by amendment.</font> </td></tr></table>





<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>





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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><b>&nbsp;</b></font></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>SIGNATURES</b></font></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>



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



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

to the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on

its behalf by the undersigned, thereunto duly authorized, in the city of North Brunswick, State of New Jersey, on July 19,

2023.</FONT> </p>







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



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></font></p>



<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">

<tr style="vertical-align: top; text-align: left">

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td></tr>

<tr style="vertical-align: top; text-align: left">

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td colspan="3"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CHROMOCELL THERAPEUTICS CORPORATION</B></FONT> </td></tr>

<tr style="vertical-align: top; text-align: left">

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td colspan="2"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td></tr>

<tr style="vertical-align: top; text-align: left">

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT> </td>

    <td colspan="2" style="border-bottom: Black 1pt solid"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/

    Francis Knuettel II</FONT> </td></tr>

<tr style="vertical-align: top; text-align: left">

    <td style="width: 50%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td style="width: 3%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td style="width: 5%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: </FONT> </td>

    <td style="width: 42%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Francis Knuettel II</FONT> </td></tr>

<tr style="vertical-align: top; text-align: left">

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: </FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Interim Chief Executive Officer and Chief Financial Officer</FONT>



</td></tr>

</table>



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



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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



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



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> KNOW ALL MEN BY THESE PRESENTS, that

each person whose individual signature appears below hereby authorizes and appoints Francis Knuettel II with full power of substitution

and resubstitution and full power to act, as his or her true and lawful attorney-in-fact and agent to act in his or her name,

place and stead, and to execute in the name and on behalf of each person, individually and in each capacity stated below, and

to file any and all amendments to this registration statement, any related registration statement filed pursuant to Rule 462(b)

under the Securities Act of 1933, as amended, and any or all pre- or post-effective amendments thereto, and to file the same,

with all exhibits thereto, and all other documents in connection therewith, with the U.S. Securities and Exchange Commission,

granting unto said attorney-in-fact and agent, and full power and authority to do and perform each and every act and thing requisite

and necessary to be done in and about the premises, as fully for all intents and purposes as he might or could do in person, hereby

ratifying and confirming that said attorney-in-fact and agent, or any substitute, may lawfully do or cause to be done by virtue

hereof.&nbsp; </P>







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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant

to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons

in the capacities and on the dates indicated below.</FONT> </p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>



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



<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">

<tr style="vertical-align: top">

    <TD STYLE="width: 35%; text-align: left"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; border-bottom: black 0.5pt solid; margin-bottom: 0pt; text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Signature&nbsp;</B></FONT> </p></td>

    <td style="width: 1%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td style="width: 33%"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: black 0.5pt solid"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Title&nbsp;</B></FONT> </p></td>

    <td style="width: 1%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td style="width: 30%"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: black 0.5pt solid"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Date&nbsp;</B></FONT> </p></td></tr>

<tr style="vertical-align: top">

    <TD STYLE="text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td style="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td></tr>

<tr style="vertical-align: top">

    <TD STYLE="border-bottom: black 1pt solid; text-align: left; vertical-align: bottom"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/

    Francis Knuettel II</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td rowspan="2"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Interim Chief Executive Officer, Chief Financial Officer, Chief Strategy Officer, Treasurer and Secretary

(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td style="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td></tr>

<tr style="vertical-align: top">

    <TD STYLE="text-align: left"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Francis

        Knuettel II</FONT> </p></td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td style="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">July 19, 2023</FONT> </td></tr>

<tr style="vertical-align: top">

    <TD STYLE="text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td style="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td></tr>

<tr style="vertical-align: top">

    <TD STYLE="border-bottom: black 1pt solid; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/

    Ezra Friedberg</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td style="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td></tr>

<tr style="vertical-align: top">

    <TD STYLE="text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ezra Friedberg</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td style="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td style="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">July 19, 2023</FONT> </td></tr>

<tr style="vertical-align: top">

    <TD STYLE="text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td style="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td style="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td></tr>

<tr style="vertical-align: top">

    <TD STYLE="border-bottom: black 1pt solid; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/

    Todd Davis</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td style="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td style="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td></tr>

<tr style="vertical-align: top">

    <TD STYLE="text-align: left"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Todd

        Davis</FONT> </p></td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td style="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td style="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">July 19, 2023</FONT> </td></tr>

<tr style="vertical-align: top">

    <TD STYLE="text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td style="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td style="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td></tr>

<tr style="vertical-align: top">

    <TD STYLE="border-bottom: black 1pt solid; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/

    Chia-Lin Simmons</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td style="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td style="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td></tr>

<tr style="vertical-align: top">

    <TD STYLE="text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chia-Lin Simmons</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td style="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td style="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">July 19, 2023</FONT> </td></tr>

<tr style="vertical-align: top">

    <TD STYLE="text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td style="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td style="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td></tr>

<tr style="vertical-align: top">

    <TD STYLE="border-bottom: black 1pt solid; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/

    Richard Malamut</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td style="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td style="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td></tr>

<tr style="vertical-align: top">

    <TD STYLE="text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Richard Malamut</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td style="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </td>

    <td style="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">July 19, 2023</FONT> </td></tr>

<TR STYLE="vertical-align: top">

    <TD STYLE="text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </TD>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </TD>

    <TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </TD>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </TD>

    <TD STYLE="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt 0; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/

                                         Christian Kopfli</FONT> </P>



<P STYLE="margin: 0pt 0; text-align: left"></P>





</TD>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </TD>

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



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





</TD>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </TD>

    <TD STYLE="text-align: center"></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="text-align: left"><P STYLE="margin: 0pt 0; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Christian

                                   Kopfli&nbsp;</FONT> </P>





</TD>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </TD>

    <TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </TD>

    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT> </TD>

    <TD STYLE="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;July 19,

    2023</FONT> </TD></TR>

</table>





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<DESCRIPTION>EXHIBIT 3.4
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>EXHIBIT 3.4</B></P>



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



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Series

B Convertible REDEEMABLE Preferred Stock OF </B></FONT></P>



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



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Pursuant to Section

151 of the General Corporation Law of the State of Delaware (the &ldquo;<B>DGCL</B>&rdquo;), Chromocell Therapeutics Corporation,

a corporation organized and existing under the General Corporation Law of the State of Delaware (the &ldquo;<B>Corporation</B>&rdquo;),

in accordance with the provisions of Section 103 thereof, does hereby submit the following:</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">WHEREAS, the Amended

and Restated Certificate of Incorporation of the Corporation (the &ldquo;<B>Certificate of Incorporation</B>&rdquo;) authorizes

the issuance of up to [&#9679;] shares of preferred stock, par value $0.0001 per share, of the Corporation (&ldquo;<B>Preferred

Stock</B>&rdquo;), issuable from time to time in one or more series, and expressly authorizes the Board of Directors of the Corporation

(the &ldquo;<B>Board</B>&rdquo;), to fix the dividend rights, dividend rate, voting rights, conversion rights, rights and terms

of redemption and liquidation preferences of any wholly unissued series of preferred stock and the number of shares constituting

any series and the designation thereof, of any of them; and</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">WHEREAS, it is

the desire of the Board, pursuant to its authority as aforesaid, to establish and fix the number of shares to be included in a

new series of Preferred Stock and the designation, rights, preferences and limitations of the shares of such new series.</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">NOW, THEREFORE, BE IT RESOLVED, that the

Board does hereby provide for a new series of Preferred Stock and does hereby in this Certificate of Designation (this &ldquo;<B>Certificate

of Designation</B>&rdquo;) establish and fix and herein state and express the designation, rights, preferences, powers, restrictions

and limitations of such new series of Preferred Stock as follows:</P>



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



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">1.</TD><TD STYLE="text-align: justify"><U>Number and Designation</U>. There shall be a series of Preferred Stock that shall be designated

as the &ldquo;Series B Convertible Redeemable Preferred Stock&rdquo; of the Corporation (the &ldquo;<B>Series B Preferred Stock</B>&rdquo;)

and the number of authorized Shares constituting such series shall be [&#9679;] Shares. The number of authorized shares of Series

B Preferred Stock may from time to time be increased (but not in excess of the total number of authorized shares of Preferred Stock,

less all shares of any other series of Preferred Stock authorized at the time of such increase) or decreased (but not below the

number of shares of Series B Preferred Stock then outstanding). Shares of Series B Preferred Stock that are redeemed, repurchased

or otherwise acquired by the Corporation will be cancelled and shall revert to authorized but unissued shares of Preferred Stock

undesignated as to series. The Corporation shall have the right to re-open this series and issue additional share of the Series

B Preferred Stock either through public or private sales at any time and from time to time without notice to or the consent of

holders of the Series B Preferred Stock. The additional shares of the Series B Preferred Stock will be deemed to form a single

series with the Series B Preferred Stock issued under this Certificate of Designation. Each Share shall have a par value of $0.0001

per share. The powers, preferences, rights, qualifications, limitations and restrictions of the Series B Preferred Stock shall

be as set forth herein.</TD></TR></TABLE>



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



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">2.</TD><TD STYLE="text-align: justify"><U>Defined Terms</U>. For purposes hereof, the following terms shall have the following meanings:</TD></TR></TABLE>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&ldquo;<B>Affiliate</B>&rdquo;

means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common

control with a Person, as such terms are used in and construed under Rule 405 of the Securities Act.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&ldquo;<B>Board</B>&rdquo;&nbsp;has

the meaning set forth in the Recitals hereof.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&ldquo;<B>Beneficial

Ownership Limitation</B>&rdquo;&nbsp;has the meaning set forth in <B>Section 6.5</B>.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&ldquo;<B>Certificate

of Designation</B>&rdquo;&nbsp;has the meaning set forth in the Recitals hereof.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&ldquo;<B>Certificate

of Incorporation</B>&rdquo;&nbsp;has the meaning set forth in the Recitals hereof.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&ldquo;<B>Common Stock</B>&rdquo;&nbsp;means

the common stock, par value $0.0001 per share, of the Corporation.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&ldquo;<B>Conversion

Value</B>&rdquo; means, with respect to any Share on any given date, $[&#9679;], subject to adjustment for any stock dividend,

stock split, stock combination, reclassification or similar transaction that proportionately decreases or increases the Common

Stock.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&ldquo;<B>Corporation</B>&rdquo;&nbsp;has

the meaning set forth in the Preamble hereof.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&ldquo;<B>Dividend

Rate</B>&rdquo; means ten percent (10.0%) per annum.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&ldquo;<B>DGCL</B>&rdquo;

has the meaning set forth in the Preamble hereof.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&ldquo;<B>Exchange

Act</B>&rdquo; means the Securities Exchange Act of 1934, as amended, or any successor federal statute, and the rules and regulations

thereunder, which shall be in effect at the time.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&ldquo;<B>Holder</B>&rdquo;

means a holder of Series B Preferred Stock.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&ldquo;<B>Liquidation</B>&rdquo;&nbsp;has

the meaning set forth in <B>Section 5.1</B>.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&ldquo;<B>New York

Courts</B>&rdquo; has the meaning set forth in <B>Section 10.1</B>.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&ldquo;<B>Person</B>&rdquo;&nbsp;means

an individual, corporation, partnership, joint venture, limited liability company, governmental authority, unincorporated organization,

trust, association or other entity.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&ldquo;<B>Preferred

Stock</B>&rdquo;&nbsp;has the meaning set forth in the Recitals.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&ldquo;<B>Required

Holders</B>&rdquo; has the meaning set forth in <B>Section 8</B>.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&ldquo;<B>SEC</B>&rdquo;

means the U.S. Securities and Exchange Commission.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&ldquo;<B>Securities

Act</B>&rdquo;&nbsp;means the Securities Act of 1933, as amended, or any successor federal statute, and the rules and regulations

thereunder, which shall be in effect at the time.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&ldquo;<B>Securities

Purchase Agreement</B>&rdquo; means that certain securities purchase agreement by and among the Corporation and the purchasers

signatory thereto, dated as of July [&#9679;], 2023, as may be amended from time in accordance with the terms thereof.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&ldquo;<B>Series B

Preferred Stock</B>&rdquo;&nbsp;has the meaning set forth in <B>Section 1</B>.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&ldquo;<B>Share</B>&rdquo;&nbsp;means

a share of Series B Preferred Stock.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&ldquo;<B>Stated Value</B>&rdquo;

shall mean $1,000.00 per Share, subject to adjustment for stock splits, stock dividends, recapitalizations, reorganizations, reclassifications,

combinations, subdivisions or other similar events occurring after the Initial Issuance Date with respect to the Shares.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&ldquo;<B>Trading

Day</B>&rdquo; means a day on which the Trading Market for the Common Stock is open for trading.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&ldquo;<B>Trading

Market</B>&rdquo; means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on

the date in question: the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market,

the New York Stock Exchange (or any successors to any of the foregoing).</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">3.</TD><TD STYLE="text-align: justify"><U>Dividends</U>. From and after the first date of issuance of any Share (the &ldquo;<B>Initial

Issuance Date</B>&rdquo;), cumulative dividends on such Share shall accrue, whether or not declared by the Board and whether or

not there are funds legally available for the payment of dividends, on a daily basis in arrears at the Dividend Rate on the sum

of the Stated Value thereof (such dividends, the &ldquo;<B>Dividends</B>&rdquo;). Accrued Dividends on any Share shall be paid

in cash only upon a liquidation of the Company or upon redemption of the Series B Preferred Stock in accordance with Section 9

hereof. Dividends on any Share shall accumulate until paid in cash pursuant hereto or otherwise until converted pursuant to Section

6 hereof. Dividends on any Share shall commence accumulating on the Initial Issuance Date and shall be computed on the basis of

a 360-day year and twelve 30-day months. With respect to any Shares being redeemed or converted prior to the one (1) year anniversary

of the Initial Issuance Date, in addition to the Dividends accrued on such Shares in accordance with this Section 3, on the Redemption

Date or Conversion Date, as applicable, the Dividends that would have accrued with respect to the Shares being redeemed or converted

for the period from the Redemption Date or Conversion Date, as applicable, through and including the one (1) year anniversary of

the Initial Issuance Date shall be guaranteed and accelerated and payable to the Holders in connection with the conversion or redemption

of the Shares on the applicable Redemption Date or Conversion Date (the &ldquo;<B>Guaranteed Dividends</B>&rdquo;).</TD></TR></TABLE>



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



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">4.</TD><TD STYLE="text-align: justify"><U>Voting Rights</U>. Except as otherwise provided herein or as otherwise provided by the DGCL,

the Series B Preferred Stock shall have no voting rights. However, as long as any Shares are outstanding, the Corporation shall

not, without the affirmative vote of the Holders of a majority of the then outstanding Shares, (b) alter or change adversely the

powers, preferences or rights given to the Series B Preferred Stock or alter or amend this Certificate of Designation, (c) increase

the number of authorized shares of Series B Preferred Stock, or (d) enter into any agreement with respect to any of the foregoing.

For all matters on which the Series B Preferred Stock may vote, each Share will be entitled to one vote per share.</TD></TR></TABLE>



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



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">5.</TD><TD STYLE="text-align: justify"><U>Rank; Liquidation</U>.</TD></TR></TABLE>



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



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.3in">5.1.</TD><TD STYLE="text-align: justify"><U>Rank and Liquidation</U>. The Series B Preferred Stock shall rank (i) senior to the Common Stock

and any class or series of capital stock of the Corporation created specifically ranking by its terms junior to the Series B Preferred

Stock; (ii) on parity with any class or series of capital stock of the Corporation created specifically ranking by its terms on

parity with the Series B Preferred Stock; and (iii) junior to any class or series of capital stock of the Corporation hereafter

created specifically ranking by its terms senior to any Series B Preferred Stock, in each case, with respect to payment of Dividends

and distributions of assets upon liquidation, dissolution or winding up of the Corporation, whether voluntarily or involuntarily

(a &ldquo;<B>Liquidation</B>&rdquo;).</TD></TR></TABLE>



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



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



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.3in">5.2.</TD><TD STYLE="text-align: justify"><U>Notice</U>.&nbsp;In the event of any Liquidation, the Corporation shall, within five (5) days

of the date the Board approves such action, or no later than five (5) days of any stockholders&rsquo; meeting called to approve

such action, or within five (5) days of the commencement of any involuntary proceeding, whichever is earlier, give each Holder

written notice of the proposed action. Such written notice shall describe the material terms and conditions of such proposed action,

including a description of the stock, cash and property to be received by the Holder upon consummation of the proposed action and

the date of delivery thereof. If any material change in the facts set forth in the initial notice shall occur, the Corporation

shall promptly give written notice to each Holder of such material change.</TD></TR></TABLE>



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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">6.</TD><TD STYLE="text-align: justify"><U>Conversion</U>. Subject to the provisions of Section 6.5, at any time after the Initial Issuance

Date, each share shall be convertible into validly issued, fully paid and non-assessable shares of Common Stock, on the terms and

conditions set forth in this Section 6.</TD></TR></TABLE>



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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.3in">6.1.</TD><TD STYLE="text-align: justify"><U>Holder&rsquo;s Conversion Right</U>. Subject to the provisions of Sections 6.2 and 6.5, at any

time or times on or after the Initial Issuance Date, each Holder shall be entitled to convert any portion of the outstanding Shares

held by such Holder into validly issued, fully paid and non-assessable shares of Common Stock in accordance with Section 6.3. The

Corporation shall not issue any fraction of a share of Common Stock upon any conversion. If the issuance would result in the issuance

of a fraction of a share of Common Stock, the Corporation shall round such fraction of a share of Common Stock up to the nearest

whole share. The Corporation shall pay any and all transfer, stamp, issuance and similar taxes, costs and expenses (including,

without limitation, fees and expenses of the Transfer Agent (as defined below)) that may be payable with respect to the issuance

and delivery of Common Stock upon conversion of any Conversion Amount.</TD></TR></TABLE>



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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.3in">6.2.</TD><TD STYLE="text-align: justify"><U>Conversion Rate</U>. The number of shares of Common Stock issuable upon conversion of any Share

pursuant to Section 6.1 shall be determined by dividing (x) (i) the Stated Value thereof, plus (ii) any accrued and unpaid Dividends

on such Share as of such date of determination, including Guaranteed Dividends on such Share, if any (collectively, the &ldquo;<B>Conversion

Amount</B>&rdquo;), by (y) the Conversion Value.</TD></TR></TABLE>



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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.3in">6.3.</TD><TD STYLE="text-align: justify"><U>Mechanics of Conversion</U>. Subject
                                            to Section 6.5, the conversion of any Share shall be conducted in the following manner:</TD></TR></TABLE>



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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.35in">(a)</TD><TD STYLE="text-align: justify"><U>Optional Conversion</U>. To convert Shares into shares of Common Stock on any date (a &ldquo;<B>Conversion

Date</B>&rdquo;), a Holder shall deliver (whether via facsimile or electronic mail), for receipt on or prior to 11:59 p.m., New

York time, on such date, an electronic copy of an executed notice of conversion of the Share(s) subject to such conversion in the

form attached hereto as <U>Exhibit I</U> (the &ldquo;<B>Conversion Notice</B>&rdquo;) to the Corporation. Within (3) Trading Days

following a conversion of any such Shares as aforesaid, such Holder, if Holder is holding a physical certificate, shall surrender

to a nationally recognized overnight delivery service for delivery to the Corporation the original certificates representing the

Shares (the &ldquo;<B>Preferred Stock Certificates</B>&rdquo;) so converted as aforesaid (or an indemnification undertaking with

respect to the Shares in the case of its loss, theft or destruction). On or before the first (1st) Trading Day following the date

of receipt of a Conversion Notice, the Corporation shall transmit by facsimile or electronic mail an acknowledgment of confirmation,

in the form attached hereto as <U>Exhibit II</U>, of receipt of such Conversion Notice to such Holder and the Corporation&rsquo;s

transfer agent (the &ldquo;<B>Transfer Agent</B>&rdquo;), which confirmation shall constitute an instruction to the Transfer Agent

to process such Conversion Notice in accordance with the terms herein. On or before the first (1st) Trading Day following the date

of receipt of a Conversion Notice (or such earlier date as required pursuant to the Exchange Act or other applicable law, rule

or regulation for the settlement of a trade initiated on the applicable Conversion Date of such shares of Common Stock issuable

pursuant to such Conversion Notice), the Corporation shall (1) provided, that the Transfer Agent is participating in the Depository

Trust Corporation (&ldquo;<B>DTC</B>&rdquo;) Fast Automated Securities Transfer Program, credit such aggregate number of shares

of Common Stock to which such Holder shall be entitled to such Holder&rsquo;s or its designee&rsquo;s balance account with DTC

through its Deposit/Withdrawal at Custodian system, or (2) if the Transfer Agent is not participating in the DTC Fast Automated

Securities Transfer Program, issue and deliver (via reputable overnight courier) to the address as specified in such Conversion

Notice, a certificate, registered in the name of such Holder or its designee, for the number of shares of Common Stock to which

such Holder shall be entitled. If the number of Shares represented by the Preferred Stock Certificate(s) submitted for conversion

is greater than the number of Shares being converted, then the Corporation shall, as soon as practicable and in no event later

than three (3) Trading Days after receipt of the Preferred Stock Certificate(s) and at its own expense, issue and deliver to such

Holder (or its designee) a new Preferred Stock Certificate representing the number of Shares not converted. The Person or Persons

entitled to receive the shares of Common Stock issuable upon a conversion of Shares shall be treated for all purposes as the record

holder or holders of such shares of Common Stock on the Conversion Date.</TD></TR></TABLE>



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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.35in">(b)</TD><TD STYLE="text-align: justify"><U>Legend</U>. Each Preferred Stock Certificate shall bear the following legend:</TD></TR></TABLE>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify">THE SECURITIES REFERENCED HEREIN

HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION

WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISTRIBUTION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT

RELATED THERETO OR AN OPINION OF COUNSEL IN A FORM SATISFACTORY TO THE CORPORATION THAT SUCH REGISTRATION IS NOT REQUIRED UNDER

THE SECURITIES ACT OF 1933.</P>



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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.3in">6.4.</TD><TD STYLE="text-align: justify"><U>Effect of Conversion</U>. All Shares converted as provided in this <B>Section 6</B> shall no

longer be deemed outstanding as of the effective time of the applicable conversion and all rights with respect to such Shares shall

immediately cease and terminate as of such time.</TD></TR></TABLE>



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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.3in">6.5.</TD><TD STYLE="text-align: justify"><U>Beneficial Ownership Limitation</U>. Notwithstanding anything to the contrary set forth herein,

the Corporation shall not effect any conversion of the Series B Preferred Stock, and a Holder shall not have the right to convert

any portion of the Series B Preferred Stock, to the extent that, after giving effect to the conversion set forth on the applicable

Notice of Conversion, such Holder (together with such Holder&rsquo;s Affiliates, and any Persons acting as a group together with

such Holder or any of such Holder&rsquo;s Affiliates (such Persons, &ldquo;<B>Attribution Parties</B>&rdquo;)) would beneficially

own in excess of the Beneficial Ownership Limitation (as defined below). For purposes of the foregoing sentence, the number of

shares of Common Stock beneficially owned by such Holder and its Affiliates and Attribution Parties shall include the number of

shares of Common Stock issuable upon conversion of the Series B Preferred Stock with respect to which such determination is being

made, but shall exclude the number of shares of Common Stock which are issuable upon (i) conversion of the remaining, unconverted

Series B Preferred Stock beneficially owned by such Holder or any of its Affiliates or Attribution Parties and (ii) exercise or

conversion of the unexercised or unconverted portion of any other securities of the Corporation subject to a limitation on conversion

or exercise analogous to the limitation contained herein (including, without limitation, the Series B Preferred Stock) beneficially

owned by such Holder or any of its Affiliates or Attribution Parties. Except as set forth in the preceding sentence, for purposes

of this Section 6.5, beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act and the rules

and regulations promulgated thereunder. To the extent that the limitation contained in this Section 6.5 applies, the determination

of whether the Series B Preferred Stock is convertible (in relation to other securities owned by such Holder together with any

Affiliates and Attribution Parties) and of how many shares of Series B Preferred Stock are convertible shall be in the sole discretion

of such Holder, and the submission of a Notice of Conversion shall be deemed to be such Holder&rsquo;s determination of whether

the shares of Series B Preferred Stock may be converted (in relation to other securities owned by such Holder together with any

Affiliates and Attribution Parties) and how many shares of the Series B Preferred Stock are convertible, in each case subject to

the Beneficial Ownership Limitation. To ensure compliance with this restriction, each Holder will be deemed to represent to the

Corporation each time it delivers a Notice of Conversion that such Notice of Conversion has not violated the restrictions set forth

in this Section 6.5 and the Corporation shall have no obligation to verify or confirm the accuracy of such determination. In addition,

a determination as to any group status as contemplated above shall be determined in accordance with Section 13(d) of the Exchange

Act and the rules and regulations promulgated thereunder. For purposes of this Section 6.5, in determining the number of outstanding

shares of Common Stock, a Holder may rely on the number of outstanding shares of Common Stock as stated in the most recent of the

following: (i) the Corporation&rsquo;s most recent periodic or annual report filed with the Commission, as the case may be, (ii)

a more recent public announcement by the Corporation or (iii) a more recent written notice by the Corporation or the Transfer Agent

setting forth the number of shares of Common Stock outstanding. Upon the written or oral request (which may be via email) of a

Holder, the Corporation shall within one (1) Trading Day confirm orally and in writing to such Holder the number of shares of Common

Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to

the conversion or exercise of securities of the Corporation, including the Series B Preferred Stock, by such Holder or its Affiliates

or Attribution Parties since the date as of which such number of outstanding shares of Common Stock was reported. The &ldquo;Beneficial

Ownership Limitation&rdquo; shall be 4.99% (or, upon election by a Holder prior to the issuance of any shares of Series B Preferred

Stock, 9.99%) of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of shares

of Common Stock issuable upon conversion of Series B Preferred Stock held by the applicable Holder. A Holder, upon notice to the

Corporation, may increase or decrease the Beneficial Ownership Limitation provisions of this Section 6.5 applicable to its Series

B Preferred Stock; provided, that the Beneficial Ownership Limitation shall not in any event exceed 9.99% of the number of shares

of the Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock upon conversion of this

Series B Preferred Stock held by the Holder and the provisions of this Section 6.5 shall continue to apply. Any such increase will

not be effective until the 61st day after such notice is delivered to the Corporation and shall only apply to such Holder and no

other Holder. The Beneficial Ownership Limitation shall not be waived by the Corporation or the Holder and upon issuance of the

Series B Preferred Stock by the Corporation, and the purchase thereof by the Holder, each of the Corporation and the Holder shall

be deemed to acknowledge such limitation and to agree not to waive it. The provisions of this Section 6.5 shall be construed and

implemented in a manner otherwise than in strict conformity with the terms of this Section 6.5 to correct this Section 6.5 (or

any portion hereof) which may be defective or inconsistent with the intended Beneficial Ownership Limitation contained herein or

to make changes or supplements necessary or desirable to properly give effect to such limitation. The limitations contained in

this Section 6.5 shall apply to any successor or assign of a Holder.</TD></TR></TABLE>



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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">7.</TD><TD STYLE="text-align: justify"><U>Notices</U>. Except as otherwise provided herein, all notices, requests, consents, claims, demands,

waivers and other communications hereunder shall be in writing and shall be deemed to have been given: (a) when delivered by hand

(with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier

(receipt requested); (c) on the date sent by facsimile or e-mail of a PDF document (with confirmation of transmission) if sent

during normal business hours of the recipient, and on the next business day if sent after normal business hours of the recipient;

or (d) on the third (3<SUP>rd</SUP>) day after the date mailed, by certified or registered mail, return receipt requested, postage

prepaid. Such communications must be sent (a) to the Corporation, at its principal executive offices and (b) to any stockholder,

at such holder&rsquo;s address at it appears in the stock records of the Corporation (or at such other address for a stockholder

as shall be specified in a notice given in accordance with this <B>Section 7</B>).</TD></TR></TABLE>



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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">8.</TD><TD STYLE="text-align: justify"><U>Amendment and Waiver</U>. No provision of this Certificate of Designation may be amended, modified

or waived except by an instrument in writing executed by the Corporation and the holders of at least a majority of the then outstanding

Shares (the &ldquo;<B>Required Holders</B>&rdquo;), and any such written amendment, modification or waiver will be binding upon

the Corporation and each holder of Series B Preferred Stock; <I>provided</I>, <I>further</I>, that no amendment, modification or

waiver of the terms or relative priorities of the Series B Preferred Stock may be accomplished by the merger, consolidation or

other similar transaction of the Corporation with another corporation or entity unless the Corporation has obtained the prior written

consent of the Required Holders in accordance with this <B>Section 8</B>.</TD></TR></TABLE>



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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">9.</TD><TD STYLE="text-align: justify"><U>Redemption</U>.</TD></TR></TABLE>



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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.3in">9.1.</TD><TD STYLE="text-align: justify">On any date after the Initial Issuance Date (each, a &ldquo;<B>Redemption Date</B>&rdquo;), the

Corporation, at its sole discretion, may redeem all or any portion of the then-outstanding Shares for cash (each, a &ldquo;<B>Redemption</B>&rdquo;).

The redemption price per Share to be paid by the Corporation in connection with a Redemption shall be equal to: (i) if on or prior

to the 180th day of the Initial Issuance Date, 107.5% of the Stated Value of such Share, plus any accrued and unpaid Dividends

on such Share, including Guaranteed Dividends on such Share, if any, as of the effective date of the Redemption, and (ii) if on

and after the 181st day of the Initial Issuance Date, 110% of the Stated Value of such Share, plus any accrued and unpaid Dividends,

including Guaranteed Dividends on such Share, if any, as of the effective date of the Redemption.</TD></TR></TABLE>



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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.3in">9.2.</TD><TD STYLE="text-align: justify">To effect a Redemption, the Corporation shall send to the Holders a written notice (i) notifying

the Holders of the election of the Corporation to redeem all or any portion of the Shares and the applicable Redemption Date, (ii)

stating the place or places at which the Shares shall, upon presentation and surrender of the Preferred Stock Certificate(s) evidencing

such shares of Shares, be redeemed (and other instructions a Holder must follow to receive payment), and (iii) stating the redemption

price therefor, as provided in Section 9.1 hereof (such notice, a &ldquo;<B>Notice of Redemption</B>&rdquo;). The Redemption Date

selected by the Company shall be no less than three (3) Trading Days and no more than twenty (20) Trading Days after the date on

which the Corporation provides the Notice of Redemption to the Holders (such period, &ldquo;<B>Redemption Notice Period</B>&rdquo;).

Each Holder shall be entitled to convert all or any portion of the Shares subject to the Notice of Redemption held by such Holder,

after receiving the Notice of Redemption but prior to the end of the Redemption Notice Period, in accordance with Section 6.3 hereof.</TD></TR></TABLE>



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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.3in">9.3.</TD><TD STYLE="text-align: justify">From and after the time at which any Shares are called for redemption in accordance with Sections

9.1 and 9.2 above, such Shares shall cease to be outstanding, and the only right of the former Holders of such Shares, as such,

will be to receive the applicable redemption price, plus any accrued and unpaid Dividends, if any. The Shares redeemed by the Corporation

pursuant to this Certificate of Designation shall, upon such redemption, be automatically retired and restored to the status of

authorized but unissued shares of Preferred Stock.</TD></TR></TABLE>



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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">10.</TD><TD STYLE="text-align: justify"><U>Miscellaneous</U>.</TD></TR></TABLE>



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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 18pt"></TD><TD STYLE="width: 27pt">10.1.</TD><TD STYLE="text-align: justify"><U>Governing Law</U>. All questions concerning the construction, validity, enforcement and interpretation

of this Certificate of Designation shall be governed by and construed and enforced in accordance with the internal laws of the

State of Delaware, without regard to the principles of conflict of laws thereof.&nbsp; All legal proceedings concerning the interpretation,

enforcement and defense of the transactions contemplated by this Certificate of Designation (whether brought against a party hereto

or its respective Affiliates, directors, officers, shareholders, employees or agents) shall be commenced in the state and federal

courts sitting in the City of New York, Borough of Manhattan (the &ldquo;<B>New York Courts</B>&rdquo;).&nbsp; The Corporation

and each holder hereby irrevocably submits to the exclusive jurisdiction of the New York Courts for the adjudication of any dispute

hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives,

and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of

such New York Courts, or such New York Courts are improper or inconvenient venue for such proceeding.&nbsp; The Corporation and

each holder hereby irrevocably waive personal service of process and consents to process being served in any such suit, action

or proceeding 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 Certificate of Designation and agrees that such service shall constitute

good and sufficient service of process and notice thereof.&nbsp; Nothing contained herein shall be deemed to limit in any way any

right to serve process in any other manner permitted by applicable law. The Corporation and each holder hereby irrevocably waive,

to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or

relating to this Certificate of Designation or the transactions contemplated hereby.&nbsp; If any party shall commence an action

or proceeding to enforce any provisions of this Certificate of Designation, then the prevailing party in such action or proceeding

shall be reimbursed by the other party for its attorneys&rsquo; fees and other costs and expenses incurred in the investigation,

preparation and prosecution of such action or proceeding.</TD></TR></TABLE>



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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 18pt"></TD><TD STYLE="width: 27pt">10.2.</TD><TD STYLE="text-align: justify"><U>Waiver</U>. Any waiver by the Corporation or a Holder of a breach of any provision of this Certificate

of Designation shall not operate as or be construed to be a waiver of any other breach of such provision or of any breach of any

other provision of this Certificate of Designation or a waiver by any other Holders.&nbsp; The failure of the Corporation or a

Holder to insist upon strict adherence to any term of this Certificate of Designation on one or more occasions shall not be considered

a waiver or deprive that party (or any other Holder) of the right thereafter to insist upon strict adherence to that term or any

other term of this Certificate of Designation on any other occasion.&nbsp; Any waiver by the Corporation or a Holder must be in

writing.</TD></TR></TABLE>



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



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 18pt"></TD><TD STYLE="width: 27pt">10.3.</TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: white"><U>Severability</U>.&nbsp;&nbsp;If any provision of this

Certificate of Designation is invalid, illegal or unenforceable, the balance of this Certificate of Designation shall remain in

effect, and if any provision is inapplicable to any Person or circumstance, it shall nevertheless remain applicable to all other

Persons and circumstances. If it shall be found that any interest or other amount deemed interest due hereunder violates the applicable

law governing usury, the applicable rate of interest due hereunder shall automatically be lowered to equal the maximum rate of

interest permitted under applicable law.</FONT></TD></TR></TABLE>



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



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 18pt"></TD><TD STYLE="width: 27pt">10.4.</TD><TD STYLE="text-align: justify"><U>Next Business Day</U>.&nbsp;&nbsp;Whenever any payment or other obligation hereunder shall be

due on a day other than a business Day, such payment shall be made on the next succeeding business day.</TD></TR></TABLE>



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



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



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 18pt"></TD><TD STYLE="width: 27pt">10.5.</TD><TD STYLE="text-align: justify"><U>Headings</U>. The headings contained herein are for convenience only, do not constitute a part

of this Certificate of Designation and shall not be deemed to limit or affect any of the provisions hereof.</TD></TR></TABLE>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: white">*********************</FONT></P>



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



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">RESOLVED FURTHER,

that the Chief Executive Officer of the Corporation be and he hereby is authorized and directed to prepare and file this Certificate

of Designation in accordance with the foregoing resolution and the provisions of Delaware law.</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">IN WITNESS WHEREOF,

the undersigned have executed this Certificate of Designation this [&#9679;] of [&#9679;], 2023.</P>



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



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">

<TR STYLE="vertical-align: top">

    <TD>&nbsp;</TD>

    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CHROMOCELL THERAPEUTICS CORPORATION</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="width: 50%; text-align: justify">&nbsp;</TD>

    <TD STYLE="width: 3%">&nbsp;</TD>

    <TD STYLE="width: 47%; text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="text-align: justify">&nbsp;</TD>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>

    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="text-align: justify">&nbsp;</TD>

    <TD>&nbsp;</TD>

    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: [&#9679;]</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="text-align: justify">&nbsp;</TD>

    <TD>&nbsp;</TD>

    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Chief Executive Officer</FONT></TD></TR>

</TABLE>





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



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



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









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



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>CHROMOCELL

THERAPEUTICS CORPORATION</B></FONT></P>



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



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



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Reference is made

to the Certificate of Designations of the Series B Convertible Redeemable Preferred Stock of Chromocell Therapeutics Corporation

(the &ldquo;<B>Certificate of Designations</B>&rdquo;). In accordance with and pursuant to the Certificate of Designations, the

undersigned hereby elects to convert the number of shares of Series B Preferred Stock, $0.0001 par value per share (the &ldquo;<B>Preferred

Shares</B>&rdquo;), of Chromocell Therapeutics Corporation, a Delaware corporation (the &ldquo;<B>Corporation</B>&rdquo;), indicated

below into shares of common stock, $0.0001 par value per share (the &ldquo;<B>Common Stock</B>&rdquo;), of the Corporation, as

of the date specified below.</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: 28%; padding-left: 0.5in">&nbsp;</TD>

    <TD STYLE="width: 9%; text-align: justify">&nbsp;</TD>

    <TD STYLE="width: 8%; text-align: justify">&nbsp;</TD>

    <TD STYLE="width: 4%; text-align: justify">&nbsp;</TD>

    <TD STYLE="width: 51%; text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">Date of Conversion:</FONT></TD>

    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="padding-left: 0.5in">&nbsp;</TD>

    <TD COLSPAN="4" STYLE="text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD COLSPAN="4" STYLE="padding-left: 0.75in; text-align: justify"><FONT STYLE="font-size: 10pt">Aggregate number of Preferred Shares to be converted:</FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD COLSPAN="4" STYLE="padding-left: 0.75in; text-align: justify">&nbsp;</TD>

    <TD STYLE="text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD COLSPAN="4" STYLE="padding-left: 0.75in; text-align: justify"><FONT STYLE="font-size: 10pt">Aggregate Stated Value of such Preferred Shares to be converted:</FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD COLSPAN="4" STYLE="padding-left: 0.75in; text-align: justify">&nbsp;</TD>

    <TD STYLE="text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD COLSPAN="4" STYLE="padding-left: 0.75in; text-align: justify"><FONT STYLE="font-size: 10pt">Aggregate accrued and unpaid Dividends and accrued and unpaid Late Charges with respect to such Preferred Shares and such Aggregate Dividends to be converted:</FONT></TD>

    <TD STYLE="border-bottom: Black 2.5pt double; text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD COLSPAN="4" STYLE="padding-left: 0.75in; text-align: justify">&nbsp;</TD>

    <TD STYLE="text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD COLSPAN="4" STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">AGGREGATE CONVERSION AMOUNT TO BE CONVERTED:</FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD COLSPAN="4" STYLE="padding-left: 0.5in">&nbsp;</TD>

    <TD STYLE="text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD COLSPAN="5" STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Please confirm the following information:</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD COLSPAN="5" STYLE="text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD COLSPAN="2" STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Conversion Price:</FONT></TD>

    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD COLSPAN="2" STYLE="padding-left: 0.5in; text-align: justify">&nbsp;</TD>

    <TD COLSPAN="3" STYLE="text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD COLSPAN="3" STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Number of shares of Common Stock to be issued:</FONT></TD>

    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>

</TABLE>





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



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



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Please issue the Common Stock into which

the applicable Preferred Shares are being converted to Holder, or for its benefit, as follows:</P>



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



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&#9744;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Check here if requesting delivery as a certificate to the following

name and to the following address:</FONT></TD></TR></TABLE>



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 20%; padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Issue to:</FONT></TD>

    <TD STYLE="width: 80%; border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="padding-left: 0.5in; text-align: justify">&nbsp;</TD>

    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="padding-left: 0.5in; text-align: justify">&nbsp;</TD>

    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>

</TABLE>

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



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&#9744;</TD><TD><FONT STYLE="font-size: 10pt">Check here if requesting delivery by Deposit/Withdrawal at Custodian as follows: </FONT></TD></TR></TABLE>



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 28%; padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">DTC Participant:</FONT></TD>

    <TD STYLE="width: 72%; border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>

</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&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: 26%; padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">DTC Number:</FONT></TD>

    <TD STYLE="width: 74%; border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="padding-left: 0.5in; text-align: justify">&nbsp;</TD>

    <TD STYLE="text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Account Number:</FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>

</TABLE>

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



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



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">Name of Registered Holder</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 156.6pt">&nbsp;</P>



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 0pt"></TD><TD STYLE="width: 18pt">By:</TD><TD><P STYLE="margin-top: 0; margin-bottom: 0"><BR> Name:</P>

                                                                <P STYLE="margin-top: 0; margin-bottom: 0">Title:<BR></P></TD></TR></TABLE>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 18.45pt">Tax ID:_____________________</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 18.45pt">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 18.45pt">Facsimile:___________________</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 18.45pt">&nbsp;</P>



<P STYLE="margin: 0pt 0">E-mail Address:</P>



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



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



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



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



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



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Corporation hereby

acknowledges this Conversion Notice and hereby directs _________________ to issue the above indicated number of shares of Common

Stock in accordance with the Transfer Agent Instructions dated _____________, 202__ from the Corporation and acknowledged and agreed

to by ________________________.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">

<TR STYLE="vertical-align: top">

    <TD>&nbsp;</TD>

    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">[________________________]</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD>&nbsp;</TD>

    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="width: 50%">&nbsp;</TD>

    <TD STYLE="font-size: 10pt; text-align: justify; width: 3%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>

    <TD STYLE="font-size: 10pt; text-align: justify; width: 47%; border-bottom: Black 1pt solid">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD>&nbsp;</TD>

    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD>

    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt">Name:</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD>&nbsp;</TD>

    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD>

    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt">Title:</FONT></TD></TR>

</TABLE>



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



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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.1
<SEQUENCE>3
<FILENAME>g083645_ex4-1.htm
<DESCRIPTION>EXHIBIT 4.1
<TEXT>
<HTML>

<HEAD>

     <TITLE></TITLE>

</HEAD>

<BODY STYLE="font: 10pt Times New Roman, Times, Serif">



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



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



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>EXHIBIT

4.1</B></FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">THE

REGISTERED HOLDER OF THIS WARRANT BY ITS ACCEPTANCE HEREOF, AGREES THAT IT WILL NOT SELL, TRANSFER OR ASSIGN THIS WARRANT EXCEPT

AS HEREIN PROVIDED AND THE REGISTERED HOLDER OF THIS WARRANT AGREES THAT IT WILL NOT SELL, TRANSFER, ASSIGN, PLEDGE OR HYPOTHECATE

THIS WARRANT FOR A PERIOD OF ONE HUNDRED EIGHTY DAYS FOLLOWING THE EFFECTIVE DATE (DEFINED BELOW) TO ANYONE OTHER THAN (I) MAXIM

GROUP LLC OR AN UNDERWRITER OR A SELECTED DEALER IN CONNECTION WITH THE OFFERING, OR (II) A BONA FIDE OFFICER OR PARTNER OF MAXIM

GROUP LLC OR OF ANY SUCH UNDERWRITER OR SELECTED DEALER.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CHROMOCELL

THERAPEUTICS CORPORATION</B></FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>WARRANT</B></FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 11pt Times New Roman, Times, Serif">

<TR STYLE="vertical-align: top">

    <TD STYLE="text-align: justify; padding-left: 10pt; text-indent: -10pt; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Warrant No. [ &nbsp;&nbsp;]</FONT></TD>

    <TD STYLE="text-align: right; padding-left: 10pt; text-indent: -10pt; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Original Issue Date: [&nbsp;&nbsp; ], 2023</FONT></TD></TR>

</TABLE>





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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Chromocell

Therapeutics Corporation</B>, a Delaware corporation (the <B>&ldquo;Company&rdquo;</B>), hereby certifies that, for value received,

Maxim Group LLC or its registered assigns (the <B>&ldquo;Holder&rdquo;</B>), is entitled to purchase from the Company up to a

total of [ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;] shares of Common Stock (each such share, a <B>&ldquo;Warrant Share&rdquo;</B> and all such shares, the <B>&ldquo;Warrant

Shares&rdquo;</B>), at any time and from time to time from and after the 181<SUP>st</SUP> day (the &ldquo;<B>Commencement Date</B>&rdquo;)

immediately following the date of effectiveness of that certain registration statement on Form S-1 (File No. 333-269188) filed

by the Company (the &ldquo;<B>Effective Date</B>&rdquo;), in accordance with FINRA Rule 5110(e)(1), and through and including

the fifty-four month anniversary of the date of effectiveness of that certain registration statement on Form S-1 (File No. 333-269188),

which such date is [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ], 2028, which such date shall not be more than five years from the commencement of sales of the public offering

pursuant to that certain registration statement on Form S-1 (File No. 333-269188) filed by the Company (the <B>&ldquo;Expiration

Date&rdquo;</B>), and subject to the following terms and conditions:</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Definitions</U>. As used in this Warrant, the following terms shall have the respective definitions set forth in this Section

1.</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;Affiliate&rdquo;

</B>means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under

common control with a Person, as such terms are used in and construed under Rule 144.</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;Business

Day&rdquo;</B> means any day except Saturday, Sunday and any day which is a federal legal holiday or a day on which banking institutions

in the State of New York are authorized or required by law or other governmental action to close.</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;Common

Stock&rdquo;</B> means the common stock of the Company, $0.0001 par value per share, and any securities into which such common

stock may hereafter be reclassified or for which it may be exchanged as a class.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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Act&rdquo;</B> means the Securities Exchange Act of 1934, as amended.</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;Exercise

Price&rdquo; </B>means $[ &nbsp;&nbsp;&nbsp;&nbsp;], subject to adjustment in accordance with Section 9.</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;Fundamental

Transaction&rdquo;</B> means any of the following: (1) the Company effects any merger or consolidation of the Company with or

into another Person, (2) the Company effects any sale of all or substantially all of its assets in one or a series of related

transactions, (3) any tender offer or exchange offer (whether by the Company or another Person) is completed pursuant to which

holders of Common Stock are permitted to tender or exchange their shares for other securities, cash or property, or (4) the Company

effects any reclassification of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is effectively

converted into or exchanged for other securities, cash or property.</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;New

York Courts&rdquo;</B> means the state and federal courts sitting in the City of New York, Borough of Manhattan.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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Issue Date&rdquo;</B> means the Original Issue Date first set forth on the first page of this Warrant.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;Person&rdquo;

</B>means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited

liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;Rule

144&rdquo;</B> means Rule 144 promulgated by the Securities and Exchange Commission pursuant to the Securities Act, as such Rule

may be amended from time to time, or any similar rule or regulation hereafter adopted by the Securities and Exchange Commission

having substantially the same effect as such Rule.</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;Securities

Act&rdquo;</B> means the Securities Act of 1933, as amended.</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;Subsidiary&rdquo;

</B>means any &ldquo;significant subsidiary&rdquo; as defined in Rule 1-02(w) of Regulation S-X promulgated by the Securities

and Exchange Commission under the Exchange Act.</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;Trading

Day&rdquo;</B> means (i) a day on which the Common Stock is traded on a Trading Market, or (ii) if the Common Stock is not quoted

on any Trading Market, a day on which the Common Stock is quoted in the over-the-counter market as reported by the OTC Markets

Group, Inc. (or any similar organization or agency succeeding to its functions of reporting prices); provided, that in the event

that the Common Stock is not listed or quoted as set forth in (i) or (ii) hereof, then Trading Day shall mean a Business Day.</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;Trading

Market&rdquo;</B> means whichever of the New York Stock Exchange, the NYSE MKT, the NASDAQ Global Select Market, the NASDAQ Global

Market, the NASDAQ Capital Market, OTC Bulletin Board, or the OTC Markets Group, Inc. OTCQX or OTCQB tier on which the Common

Stock is listed or quoted for trading on the date in question.</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;Warrant

Shares&rdquo; </B>means the shares of Common Stock issuable upon exercise of this Warrant.</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Registration of Warrant</U>. The Company shall register this Warrant upon records to be maintained by the Company for that

purpose (the <B>&ldquo;Warrant Register&rdquo;</B>), in the name of the record Holder hereof from time to time. The Company may

deem and treat the registered Holder of this Warrant as the absolute owner hereof for the purpose of any exercise hereof or any

distribution to the Holder, and for all other purposes, absent actual notice to the contrary.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Transfers</U>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company shall register the transfer of any portion of this Warrant in the Warrant Register, upon

surrender of this Warrant, with the Form of Assignment attached hereto duly completed and signed, to the Company at its address

specified herein. Upon any such registration of transfer, a new Warrant to purchase Common Stock, in substantially the form of

this Warrant (any such new Warrant, a <B>&ldquo;New Warrant&rdquo;</B>), evidencing the portion of this Warrant so transferred

shall be issued to the transferee and a New Warrant evidencing the remaining portion of this Warrant not so transferred, if any,

shall be issued to the transferring Holder. The acceptance of the New Warrant by the transferee thereof shall be deemed the acceptance

by such transferee of all of the rights and obligations of a holder of a Warrant.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This

Warrant may not be sold, transferred, assigned, pledged, or hypothecated, or be the subject of any hedging, short sale, derivative,

put, or call transaction that would result in the effective economic disposition of the securities by any person for a period

of 180 days immediately following the date of effectiveness of that certain registration statement on Form S-1 (File No. 333-269188)

filed by the Company, except as provided in FINRA Rule 5110(e)(2).</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Exercise and Duration of Warrants</U>. This Warrant shall be exercisable by the registered Holder at any time and from time

to time from and after the 181<SUP>st</SUP> day immediately following the date of effectiveness of that certain registration statement

on Form S-1 (File No. 333-269188) filed by the Company, in accordance with FINRA Rule 5110(e)(1), and through and including the

Expiration Date. At 5:30 p.m., New York City time on the Expiration Date, the portion of this Warrant not exercised prior thereto

shall be and become void and of no value. The Company may not call or redeem any portion of this Warrant without the prior written

consent of the affected Holder.</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Delivery of Warrant Shares</U>.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

To effect exercises hereunder, the Holder shall not be required to physically surrender this Warrant unless the aggregate Warrant

Shares represented by this Warrant is being exercised. Upon delivery of the Exercise Notice (in the form attached hereto) to the

Company (with the attached Warrant Shares Exercise Log) at its address for notice set forth herein and upon payment of the Exercise

Price multiplied by the number of Warrant Shares that the Holder intends to purchase hereunder, the Company shall promptly (but

in no event later than three Trading Days after the Date of Exercise (as defined herein)) issue and deliver to the Holder, a certificate

for the Warrant Shares issuable upon such exercise. The Company shall, upon request of the Holder and subsequent to the date on

which a registration statement covering the resale of the Warrant Shares has been declared effective by the Securities and Exchange

Commission, use its reasonable best efforts to deliver Warrant Shares hereunder electronically through the Depository Trust &amp;

Clearing Corporation or another established clearing corporation performing similar functions, if available, <U>provided</U>,

that, the Company may, but will not be required to change its transfer agent if its current transfer agent cannot deliver Warrant

Shares electronically through the Depository Trust Corporation. A &ldquo;<B>Date of Exercise</B>&rdquo; means the date on which

the Holder shall have delivered to the Company: (i) the Exercise Notice (with the Warrant Exercise Log attached to it), appropriately

completed and duly signed and (ii) payment of the Exercise Price for the number of Warrant Shares so indicated by the Holder to

be purchased.</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

If by the third Trading Day after a Date of Exercise the Company fails to deliver the required number of Warrant Shares in the

manner required pursuant to Section 5(a), then the Holder will have the right to rescind such exercise; <U>provided</U>, that

the Holder shall be required to return any Warrant Shares subject to any such rescinded exercise notice concurrently with the

return to Holder of the aggregate Exercise Price paid to the Company for such Warrant Shares and the restoration of Holder&rsquo;s

right to acquire such Warrant Shares pursuant to this Warrant (including, issuance of a replacement warrant certificate evidencing

such restored right).</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

If by the third Trading Day after a Date of Exercise the Company fails to deliver the required number of Warrant Shares in the

manner required pursuant to Section 5(a) (other than as a result of failure of the Holder to timely deliver the aggregate Exercise

Price, unless the Warrant is validly exercised by means of a cashless exercise), and if after such third Trading Day and prior

to the receipt of such Warrant Shares, the Holder purchases (in an open market transaction or otherwise) shares of Common Stock

to deliver in satisfaction of a sale by the Holder of the Warrant Shares which the Holder anticipated receiving upon such exercise

(a &quot;<B>Buy-In</B>&quot;), then the Company shall (1) pay in cash to the Holder the amount by which (x) the Holder's total

purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased exceeds (y) the amount obtained

by multiplying (A) the number of Warrant Shares that the Company was required to deliver to the Holder in connection with the

exercise at issue by (B) the closing bid price of the Common Stock on the Date of Exercise and (2) at the option of the Holder,

either reinstate the portion of the Warrant and equivalent number of Warrant Shares for which such exercise was not honored (in

which case such exercise shall be deemed rescinded) or deliver to the Holder the number of shares of Common Stock that would have

been issued had the Company timely complied with its exercise and delivery obligations hereunder; <U>provided</U>, that the Holder

shall have no right to any such amount hereunder to the extent the failure of the Company to deliver such Warrant Shares is caused

by the Holder&rsquo;s failure to provide complete information required to be provided by the Holder to the Company hereunder or

the inaccuracy of any such information. The Holder shall provide the Company written notice indicating the amounts payable to

the Holder in respect of the Buy-In and, upon request of the Company, evidence of the amount of such loss.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The Company&rsquo;s obligations to issue and deliver Warrant Shares in accordance with the terms hereof are absolute and unconditional,

irrespective of any action or inaction by the Holder to enforce the same, any waiver or consent with respect to any provision

hereof, the recovery of any judgment against any Person or any action to enforce the same, or any setoff, counterclaim, recoupment,

limitation or termination, or any breach or alleged breach by the Holder or any other Person of any obligation to the Company

or any violation or alleged violation of law by the Holder or any other Person, and irrespective or any other circumstance which

might otherwise limited such obligation of the Company to the Holder in connection with the issuance of Warrant Shares. Nothing

herein shall limit a Holder&rsquo;s right to pursue any other remedies available to it hereunder, at law or in equity including,

without limitation, a decree of specific performance and/or injunctive relief with respect to the Company&rsquo;s failure to timely

deliver certificates representing Warrant Shares upon exercise of the Warrant as required pursuant to the terms hereof.</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Charges, Taxes and Expenses</U>. Issuance and delivery of Warrant Shares upon exercise of this Warrant shall be made without

charge to the Holder for any issue or transfer tax, withholding tax, transfer agent fee or other incidental tax or expense in

respect of the issuance of such certificates, all of which taxes and expenses shall be paid by the Company; provided, however,

that the Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the registration

of any certificates for Warrant Shares or Warrants in a name other than that of the Holder. The Holder shall be responsible for

all other tax liability that may arise as a result of holding or transferring this Warrant or receiving Warrant Shares upon exercise

hereof.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Replacement of Warrant</U>. If this Warrant is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be

issued in exchange and substitution for and upon cancellation hereof, or in lieu of and substitution for this Warrant, a New Warrant,

but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction and customary and

reasonable indemnity (which shall not include a surety bond), if requested. Applicants for a New Warrant under such circumstances

shall also comply with such other reasonable regulations and procedures and pay such other reasonable third-party costs as the

Company may prescribe. If a New Warrant is requested as a result of a mutilation of this Warrant, then the Holder shall deliver

such mutilated Warrant to the Company as a condition precedent to the Company&rsquo;s obligation to issue the New Warrant.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Reservation of Warrant Shares</U>. The Company covenants that, during the period the Warrant is outstanding, it will reserve

and keep available out of the aggregate of its authorized but unissued and otherwise unreserved Common Stock, solely for the purpose

of enabling it to issue Warrant Shares upon exercise of this Warrant as herein provided, the number of Warrant Shares which are

then issuable and deliverable upon the exercise of this entire Warrant, free from preemptive rights or any other contingent purchase

rights of Persons other than the Holder (taking into account the adjustments and restrictions of Section 9). The Company covenants

that all Warrant Shares so issuable and deliverable shall, upon issuance and the payment of the applicable Exercise Price in accordance

with the terms hereof, be duly authorized, validly issued and fully paid and nonassessable.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Certain Adjustments</U>. The Exercise Price and number of Warrant Shares issuable upon exercise of this Warrant are subject

to adjustment from time to time as set forth in this Section 9.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Stock Dividends and Splits</U>. If the Company, at any time while this Warrant is outstanding, (i) pays a stock dividend on

its Common Stock or otherwise makes a distribution on any class of capital stock that is payable in shares of Common Stock (which,

for avoidance of doubt, shall not include any shares of Common Stock issued by the Company upon exercise of this Warrant or any

other Warrants), (ii)&nbsp;subdivides outstanding shares of Common Stock into a larger number of shares, or (iii)&nbsp;combines

(including by way of reverse stock split) outstanding shares of Common Stock into a smaller number of shares, then in each such

case the Exercise Price shall be multiplied by a fraction of which the numerator shall be the number of shares of Common Stock

outstanding immediately before such event and of which the denominator shall be the number of shares of Common Stock outstanding

immediately after such event. Any adjustment made pursuant to clause (i) of this paragraph shall become effective immediately

after the record date for the determination of stockholders entitled to receive such dividend or distribution, and any adjustment

pursuant to clause (ii) or (iii) of this paragraph shall become effective immediately after the effective date of such subdivision

or combination.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Fundamental Transactions</U>. If, at any time while this Warrant is outstanding there is a Fundamental Transaction, then the

Holder shall have the right thereafter to receive, upon exercise of this Warrant, the same amount and kind of securities, cash

or property as it would have been entitled to receive upon the occurrence of such Fundamental Transaction if it had been, immediately

prior to such Fundamental Transaction, the holder of the number of Warrant Shares then issuable upon exercise in full of this

Warrant (the <B>&ldquo;Alternate Consideration&rdquo;</B>). For purposes of any such exercise, the determination of the Exercise

Price shall be appropriately adjusted to apply to such Alternate Consideration based on the amount of Alternate Consideration

issuable in respect of one share of Common Stock in such Fundamental Transaction, and the Company shall apportion the Exercise

Price among the Alternate Consideration in a reasonable manner reflecting the relative value of any different components of the

Alternate Consideration. If holders of Common Stock are given any choice as to the securities, cash or property to be received

in a Fundamental Transaction, then the Holder shall be given the same choice as to the Alternate Consideration it receives upon

any exercise of this Warrant following such Fundamental Transaction. At the Holder&rsquo;s option and request, any successor to

the Company or surviving entity in such Fundamental Transaction shall issue to the Holder a new warrant substantially in the form

of this Warrant and consistent with the foregoing provisions and evidencing the Holder&rsquo;s right to purchase the Alternate

Consideration for the aggregate Exercise Price upon exercise thereof. The terms of any agreement pursuant to which a Fundamental

Transaction is effected shall include terms requiring any such successor or surviving entity to comply with the provisions of

this paragraph (b) and ensuring that the Warrant (or any such replacement security) will be similarly adjusted upon any subsequent

transaction analogous to a Fundamental Transaction.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Number of Warrant Shares</U>. Simultaneously with any adjustment to the Exercise Price pursuant to this Section 9, the number of
Warrant Shares that may be purchased upon exercise of this Warrant shall be increased or decreased proportionately, so that after such
adjustment the aggregate Exercise Price payable hereunder for the adjusted number of Warrant Shares shall be the same as the aggregate
Exercise Price in effect immediately prior to such adjustment.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Calculations</U>. All calculations under this Section 9 shall be made to the nearest cent or the nearest 1/100<SUP>th</SUP>

of a share, as applicable. The number of shares of Common Stock outstanding at any given time shall not include shares owned or

held by or for the account of the Company, and the disposition of any such shares shall be considered an issue or sale of Common

Stock.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Notice of Adjustments</U>. Upon the occurrence of each adjustment pursuant to this Section 9, the Company at its expense will

promptly compute such adjustment in accordance with the terms of this Warrant and prepare a certificate setting forth such adjustment,

including a statement of the adjusted Exercise Price and adjusted number or type of Warrant Shares or other securities issuable

upon exercise of this Warrant (as applicable), describing the transactions giving rise to such adjustments and showing in detail

the facts upon which such adjustment is based. Upon written request, the Company will promptly deliver a copy of each such certificate

to the Holder and to the Company&rsquo;s Transfer Agent.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Notice of Corporate Events</U>. If the Company (i) declares a dividend or any other distribution of cash, securities or other

property in respect of its Common Stock, including without limitation any granting of rights or warrants to subscribe for or purchase

any capital stock of the Company or any Subsidiary, (ii) authorizes or approves, enters into any agreement contemplating or solicits

stockholder approval for any Fundamental Transaction or (iii)&nbsp;authorizes the voluntary dissolution, liquidation or winding

up of the affairs of the Company, then the Company shall deliver to the Holder a notice describing the material terms and conditions

of such transaction (but only to the extent such disclosure would not result in the dissemination of material, non-public information

to the Holder) at least 10 calendar days prior to the applicable record or effective date on which a Person would need to hold

Common Stock in order to participate in or vote with respect to such transaction, and the Company will take all steps reasonably

necessary in order to ensure that the Holder is given the practical opportunity to exercise this Warrant prior to such time so

as to participate in or vote with respect to such transaction; provided, however, that the failure to deliver such notice or any

defect therein shall not affect the validity of the corporate action required to be described in such notice.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Payment of Exercise Price</U>. The Holder may pay the Exercise Price in one of the following manners:</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Cash Exercise</U>. The Holder may deliver immediately available funds; or</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Cashless Exercise</U>. The Holder may notify the Company in an Exercise Notice of its election to utilize cashless exercise,

in which event the Company shall issue to the Holder the number of Warrant Shares determined as follows:</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">X

= Y [(A-B)/A]</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;where:</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">X

= the number of Warrant Shares to be issued to the Holder in accordance with the terms of this Warrant if such exercise were by

means of a cash exercise rather than a cashless exercise.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Y

= the number of Warrant Shares with respect to which this Warrant is being exercised.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A

= the average of the daily volume weighted average price for the five Trading Days immediately prior to (but not including) the

Exercise Date.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">B

= the Exercise Price.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For

purposes of Rule 144 promulgated under the Securities Act, it is intended, understood and acknowledged that the Warrant Shares

issued in a cashless exercise transaction shall be deemed to have been acquired by the Holder, and the holding period for the

Warrant Shares shall be deemed to have commenced, on the date this Warrant was originally issued.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If

Warrant Shares are issued in such a cashless exercise, the Company and the Holder each acknowledge and the Company agrees that

in accordance with Section 3(a)(9) of the Securities Act, the Warrant Shares shall take on the registered characteristics of the

Warrants being exercised. The Company agrees not to take any position contrary to this Section 10(b).</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Limitations on Exercise</U>. Notwithstanding anything to the contrary contained herein, the number of Warrant Shares that may

be acquired by the Holder upon any exercise of this Warrant (or otherwise in respect hereof) shall be limited to the extent necessary

to ensure that, following such exercise (or other issuance), the total number of shares of Common Stock then beneficially owned

by such Holder and its Affiliates and any other Persons whose beneficial ownership of Common Stock would be aggregated with the

Holder&rsquo;s for purposes of Section 13(d) of the Exchange Act, does not exceed 4.99% of the total number of issued and outstanding

shares of Common Stock (including for such purpose the shares of Common Stock issuable upon such exercise). For such purposes,

beneficial ownership shall be determined in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated

thereunder. This provision shall not restrict the number of shares of Common Stock which a Holder may receive or beneficially

own in order to determine the amount of securities or other consideration that such Holder may receive in the event of a Fundamental

Transaction as contemplated in Section 9 of this Warrant. This restriction may not be waived. Notwithstanding anything to the

contrary contained in this Warrant, (a) no term of this Section may be waived by any party, nor amended such that the threshold

percentage of ownership would be directly or indirectly increased, (b) this restriction runs with the Warrant and may not be modified

or waived by any subsequent holder hereof and (c) any attempted waiver, modification or amendment of this Section will be <U>void

ab initio</U>.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>No Fractional Shares</U>. No fractional shares of Warrant Shares will be issued in connection with any exercise of this Warrant.

In lieu of any fractional shares which would, otherwise be issuable, the Company shall, at its election, either pay cash equal

to the product of such fraction multiplied by the closing price of one Warrant Share as reported by the applicable Trading Market

on the date of exercise or round to the nearest whole share.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Notices</U>. Any and all notices or other communications or deliveries hereunder (including, without limitation, any Exercise

Notice) shall be in writing and shall be deemed given and effective on the earliest of (i) the date of transmission, if such notice

or communication is delivered via facsimile at the facsimile number specified in this Section prior to 5:30 p.m. (New York City

time) on a Trading Day, (ii) the next Trading Day after the date of transmission, if such notice or communication is delivered

via facsimile at the facsimile number specified in this Section on a day that is not a Trading Day or later than 5:30 p.m. (New

York City time) on any Trading Day, (iii) the Trading Day following the date of mailing, if sent by nationally recognized overnight

courier service, or (iv) upon actual receipt by the party to whom such notice is required to be given. The addresses for such

communications shall be: (i) if to the Company, to 4400 Route 9 South, Suite 1000, Freehold, New Jersey 07728, telephone number:

(732) 514-2636, Attention: Chief Financial Officer (or such other address as the Company shall indicate in writing in accordance

with this Section), or (ii) if to the Holder, to the address or facsimile number appearing on the Warrant Register or such other

address or facsimile number as the Holder may provide to the Company in accordance with this Section.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Warrant Agent</U>. The Company shall serve as warrant agent under this Warrant. Upon 10 days&rsquo; notice to the Holder, the

Company may appoint a new warrant agent. Any corporation into which the Company or any new warrant agent may be merged or any

corporation resulting from any consolidation to which the Company or any new warrant agent shall be a party or any corporation

to which the Company or any new warrant agent transfers substantially all of its corporate trust or shareholders services business

shall be a successor warrant agent under this Warrant without any further act. Any such successor warrant agent shall promptly

cause notice of its succession as warrant agent to be mailed (by first class mail, postage prepaid) to the Holder at the Holder&rsquo;s

last address as shown on the Warrant Register.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Miscellaneous</U>.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

This Warrant shall be binding on and inure to the benefit of the parties hereto and their respective successors and assigns. Subject

to the preceding sentence, nothing in this Warrant shall be construed to give to any Person other than the Company and the Holder

any legal or equitable right, remedy or cause of action under this Warrant. This Warrant may be amended only in writing signed

by the Company and the Holder and their successors and assigns. The foregoing sentence shall be subject to the restrictions on

waivers and amendments set forth in Section 11 of this Warrant.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

All questions concerning the construction, validity, enforcement and interpretation of this Warrant shall be governed by and construed

and enforced in accordance with the internal laws of the State of New York, without regard to the principles of conflicts of law

thereof. Each party agrees that all legal proceedings concerning the interpretations, enforcement and defense of this Warrant

and the transactions herein contemplated (<B>&ldquo;Proceedings&rdquo;</B>) (whether brought against a party hereto or its respective

Affiliates, employees or agents) shall be commenced exclusively in the New York Courts. Each party hereto hereby irrevocably submits

to the exclusive jurisdiction of the New York Courts for the adjudication of any dispute hereunder or in connection herewith or

with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any Proceeding,

any claim that it is not personally subject to the jurisdiction of any New York Court, or that such Proceeding has been commenced

in an improper or inconvenient forum. Each party hereto hereby irrevocably waives personal service of process and consents to

process being served in any such Proceeding 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 Warrant 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 manner permitted by law. Each party hereto hereby irrevocably waives, to the fullest

extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating to this

Warrant or the transactions contemplated hereby. If either party shall commence a Proceeding to enforce any provisions of this

Warrant, then the prevailing party in such Proceeding shall be reimbursed by the other party for its attorney&rsquo;s fees and

other costs and expenses incurred with the investigation, preparation and prosecution of such Proceeding.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>



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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P></DIV>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The headings herein are for convenience only, do not constitute a part of this Warrant and shall not be deemed to limit or affect

any of the provisions hereof.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

In case any one or more of the provisions of this Warrant shall be invalid or unenforceable in any respect, the validity and enforceability

of the remaining terms and provisions of this Warrant shall not in any way be affected or impaired thereby and the parties will

attempt in good faith to agree upon a valid and enforceable provision which shall be a commercially reasonable substitute therefor,

and upon so agreeing, shall incorporate such substitute provision in this Warrant.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Prior to exercise of this Warrant, the Holder hereof shall not, by reason of being a Holder, be entitled to any rights of a stockholder

with respect to the Warrant Shares.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to purchase Warrant Shares,

and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder for the purchase

price of any Common Stock or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors

of the Company.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>





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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P></DIV>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">IN

WITNESS WHEREOF, the Company has caused this Warrant to be duly executed by its authorized officer as of the date first indicated

above.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">

<TD></TD><TD COLSPAN="2" STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CHROMOCELL

         THERAPEUTICS CORPORATION</B></FONT></TD>

</TR>     <TR STYLE="vertical-align: top; text-align: justify">

<TD STYLE="width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: justify; width: 47%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top; text-align: justify">

<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD><TD STYLE="text-align: justify; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top; text-align: justify">

<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD></TR>

<TR STYLE="vertical-align: top; text-align: justify">

<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD></TR>

</TABLE>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 211.7pt; text-align: left; text-indent: -0.5in"></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 193.7pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>





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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P></DIV>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>&nbsp;</B></FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase"><B>EXERCISE

NOTICE</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR>

<B>CHROMOCELL THERAPEUTICS CORPORATION</B><BR>

<FONT STYLE="text-transform: uppercase"><B>WARRANT DATED [ &nbsp;&nbsp;&nbsp;&nbsp;], 2023</B></FONT></FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The

undersigned Holder hereby irrevocably elects to purchase _____________ shares of Common Stock pursuant to the above referenced

Warrant. Capitalized terms used herein and not otherwise defined have the respective meanings set forth in the Warrant.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The

                                         undersigned Holder hereby exercises its right to purchase _________________ Warrant Shares

                                         pursuant to the Warrant.</FONT></TD></TR></TABLE>



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 11pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The

                                         holder shall pay the sum of $____________ to the Company in accordance with the terms

                                         of the Warrant.</FONT></TD></TR></TABLE>



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 11pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant

                                         to this Exercise Notice, the Company shall deliver to the holder _______________ Warrant

                                         Shares in accordance with the terms of the Warrant.</FONT></TD></TR></TABLE>



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 11pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(4)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By

                                         its delivery of this Exercise Notice, the undersigned represents and warrants to the

                                         Company that in giving effect to the exercise evidenced hereby the Holder will not beneficially

                                         own in excess of the number of shares of Common Stock (determined in accordance with

                                         Section 13(d) of the Securities Exchange Act of 1934) permitted to be owned under Section

                                         11 of this Warrant to which this notice relates.</FONT></TD></TR></TABLE>



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 11pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%">                                                                                                                                                                                                                                                                                                                                                                                                                  <TR STYLE="vertical-align: top; text-align: justify">

<TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Dated: <U>&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>,

    <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD><TD COLSPAN="2" STYLE="text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Name of Holder:</FONT></TD></TR>

<TR STYLE="vertical-align: top; text-align: justify">

<TD>&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: justify; padding-bottom: 1pt">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top; text-align: justify">

<TD STYLE="width: 50%"></TD><TD STYLE="width: 5%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Print)</FONT></TD><TD STYLE="text-align: justify; width: 45%; border-bottom: Black 1pt solid"></TD>

</TR></TABLE>



<P STYLE="text-align: justify; font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">

<TD STYLE="width: 50%"></TD><TD STYLE="width: 3%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD><TD STYLE="text-align: justify; width: 47%; border-bottom: Black 1pt solid"></TD>

</TR></TABLE>



<P STYLE="text-align: justify; font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">

<TD STYLE="width: 50%"></TD><TD STYLE="width: 5%; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Name:</FONT></TD><TD STYLE="text-align: justify; width: 45%; border-bottom: Black 1pt solid"></TD>

</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">

<TD STYLE="width: 50%"></TD><TD STYLE="width: 4%; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Title:</FONT></TD><TD STYLE="text-align: justify; width: 46%; border-bottom: Black 1pt solid"></TD>

</TR></TABLE>



<P STYLE="text-align: justify; font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">

<TD STYLE="width: 50%"></TD><TD STYLE="text-align: justify; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Signature

must conform in all respects to name of holder as specified on the face of the Warrant)</FONT></TD>

</TR></TABLE>







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



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><U>Warrant

Shares Exercise Log</U></B></FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">

<TR STYLE="vertical-align: top">

    <TD STYLE="width: 24%; border: black 1pt solid; text-align: left; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date</FONT></TD>

    <TD STYLE="width: 25%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Number

                                         of Warrant</FONT></P>

                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shares

                                         Available to be</FONT></P>

                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exercised</FONT></P></TD>

    <TD STYLE="width: 32%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Number

                                         of Warrant Shares</FONT></P>

                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exercised</FONT></P></TD>

    <TD STYLE="width: 19%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Number

                                         of</FONT></P>

                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Warrant

                                         Shares</FONT></P>

                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Remaining

                                         to</FONT></P>

                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">be

                                         Exercised</FONT></P></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-right: 5.4pt; padding-left: 5.4pt"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CHROMOCELL

THERAPEUTICS CORPORATION</B></FONT><BR>

<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>WARRANT DATED [ &nbsp;&nbsp;&nbsp;&nbsp;],

2023</B></FONT><BR><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">FORM

OF ASSIGNMENT</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[To

be completed and signed only upon transfer of Warrant]</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FOR

VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ________________________________ the right represented

by the above-captioned Warrant to purchase ____________ shares of Common Stock to which such Warrant relates and appoints ________________

attorney to transfer said right on the books of the Company with full power of substitution in the premises.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dated:_______________,

____</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">

<TR STYLE="vertical-align: top">

    <TD STYLE="width: 50%; text-align: left">&nbsp;</TD>

    <TD STYLE="width: 50%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="text-align: left">&nbsp;</TD>

    <TD STYLE="text-align: left">(Signature must conform in all respects to name of holder as specified on the face of the Warrant)</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="text-align: left">&nbsp;</TD>

    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="text-align: left">&nbsp;</TD>

    <TD STYLE="text-align: left">Address of Transferee</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="text-align: left">&nbsp;</TD>

    <TD STYLE="text-align: left">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="text-align: left">&nbsp;</TD>

    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="text-align: left">&nbsp;</TD>

    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>

</TABLE>





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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In

the presence of:</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">__________________________</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>



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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.2
<SEQUENCE>4
<FILENAME>g083645_ex4-2.htm
<DESCRIPTION>EXHIBIT 4.2
<TEXT>
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<HEAD>

     <TITLE></TITLE>

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



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>EXHIBIT

4.2</B></FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">THE

REGISTERED HOLDER OF THIS WARRANT BY ITS ACCEPTANCE HEREOF, AGREES THAT IT WILL NOT SELL, TRANSFER OR ASSIGN THIS WARRANT EXCEPT

AS HEREIN PROVIDED AND THE REGISTERED HOLDER OF THIS WARRANT AGREES THAT IT WILL NOT SELL, TRANSFER, ASSIGN, PLEDGE OR HYPOTHECATE

THIS WARRANT FOR A PERIOD OF ONE HUNDRED EIGHTY DAYS FOLLOWING THE EFFECTIVE DATE (DEFINED BELOW) TO ANYONE OTHER THAN (I) A.G.P./ALLIANCE

GLOBAL PARTNERS OR AN UNDERWRITER OR A SELECTED DEALER IN CONNECTION WITH THE OFFERING, OR (II) A BONA FIDE OFFICER OR PARTNER

OF A.G.P./ALLIANCE GLOBAL PARTNERS OR OF ANY SUCH UNDERWRITER OR SELECTED DEALER.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CHROMOCELL

THERAPEUTICS CORPORATION</B></FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>WARRANT</B></FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 11pt Times New Roman, Times, Serif">

<TR STYLE="vertical-align: top">

    <TD STYLE="text-align: justify; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Warrant No. [ &nbsp;&nbsp;]</FONT></TD>

    <TD STYLE="text-align: right; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Original Issue Date: [ &nbsp;&nbsp;], 2023</FONT></TD></TR>

</TABLE>





<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Chromocell

Therapeutics Corporation</B>, a Delaware corporation (the <B>&ldquo;Company&rdquo;</B>), hereby certifies that, for value received,

A.G.P./Alliance Global Partners or its registered assigns (the <B>&ldquo;Holder&rdquo;</B>), is entitled to purchase from the

Company up to a total of [ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;] shares of Common Stock (each such share, a <B>&ldquo;Warrant Share&rdquo;</B> and all such shares,

the <B>&ldquo;Warrant Shares&rdquo;</B>), at any time and from time to time from and after the 181<SUP>st</SUP> day (the &ldquo;<B>Commencement

Date</B>&rdquo;) immediately following the date of effectiveness of that certain registration statement on Form S-1 (File No.

333-269188) filed by the Company (the &ldquo;<B>Effective Date</B>&rdquo;), in accordance with FINRA Rule 5110(e)(1), and through

and including the fifty-four month anniversary of the date of effectiveness of that certain registration statement on Form S-1

(File No. 333-269188), which such date is [&nbsp;&nbsp;&nbsp; ], 2028, which such date shall not be more than five years from the commencement of

sales of the public offering pursuant to that certain registration statement on Form S-1 (File No. 333-269188) filed by the Company

(the <B>&ldquo;Expiration Date&rdquo;</B>), and subject to the following terms and conditions:</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Definitions</U>. As used in this Warrant, the following terms shall have the respective definitions set forth in this Section

1.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;Affiliate&rdquo;

</B>means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under

common control with a Person, as such terms are used in and construed under Rule 144.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;Business

Day&rdquo;</B> means any day except Saturday, Sunday and any day which is a federal legal holiday or a day on which banking institutions

in the State of New York are authorized or required by law or other governmental action to close.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;Common

Stock&rdquo;</B> means the common stock of the Company, $0.0001 par value per share, and any securities into which such common

stock may hereafter be reclassified or for which it may be exchanged as a class.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;Exchange

Act&rdquo;</B> means the Securities Exchange Act of 1934, as amended.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;Exercise

Price&rdquo; </B>means $[ &nbsp;&nbsp;&nbsp;&nbsp;], subject to adjustment in accordance with Section 9.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;Fundamental

Transaction&rdquo;</B> means any of the following: (1) the Company effects any merger or consolidation of the Company with or

into another Person, (2) the Company effects any sale of all or substantially all of its assets in one or a series of related

transactions, (3) any tender offer or exchange offer (whether by the Company or another Person) is completed pursuant to which

holders of Common Stock are permitted to tender or exchange their shares for other securities, cash or property, or (4) the Company

effects any reclassification of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is effectively

converted into or exchanged for other securities, cash or property.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;New

York Courts&rdquo;</B> means the state and federal courts sitting in the City of New York, Borough of Manhattan.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;Original

Issue Date&rdquo;</B> means the Original Issue Date first set forth on the first page of this Warrant.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;Person&rdquo;

</B>means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited

liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;Rule

144&rdquo;</B> means Rule 144 promulgated by the Securities and Exchange Commission pursuant to the Securities Act, as such Rule

may be amended from time to time, or any similar rule or regulation hereafter adopted by the Securities and Exchange Commission

having substantially the same effect as such Rule.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;Securities

Act&rdquo;</B> means the Securities Act of 1933, as amended.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;Subsidiary&rdquo;

</B>means any &ldquo;significant subsidiary&rdquo; as defined in Rule 1-02(w) of Regulation S-X promulgated by the Securities

and Exchange Commission under the Exchange Act.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;Trading

Day&rdquo;</B> means (i) a day on which the Common Stock is traded on a Trading Market, or (ii) if the Common Stock is not quoted

on any Trading Market, a day on which the Common Stock is quoted in the over-the-counter market as reported by the OTC Markets

Group, Inc. (or any similar organization or agency succeeding to its functions of reporting prices); provided, that in the event

that the Common Stock is not listed or quoted as set forth in (i) or (ii) hereof, then Trading Day shall mean a Business Day.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;Trading

Market&rdquo;</B> means whichever of the New York Stock Exchange, the NYSE MKT, the NASDAQ Global Select Market, the NASDAQ Global

Market, the NASDAQ Capital Market, OTC Bulletin Board, or the OTC Markets Group, Inc. OTCQX or OTCQB tier on which the Common

Stock is listed or quoted for trading on the date in question.</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;Warrant

Shares&rdquo; </B>means the shares of Common Stock issuable upon exercise of this Warrant.</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Registration of Warrant</U>. The Company shall register this Warrant upon records to be maintained by the Company for that

purpose (the <B>&ldquo;Warrant Register&rdquo;</B>), in the name of the record Holder hereof from time to time. The Company may

deem and treat the registered Holder of this Warrant as the absolute owner hereof for the purpose of any exercise hereof or any

distribution to the Holder, and for all other purposes, absent actual notice to the contrary.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Transfers</U>. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The Company shall register the transfer of any

portion of this Warrant in the Warrant Register, upon surrender of this Warrant, with the Form of Assignment attached hereto

duly completed and signed, to the Company at its address specified herein. Upon any such registration of transfer, a new

Warrant to purchase Common Stock, in substantially the form of this Warrant (any such new Warrant, a <B>&ldquo;New

Warrant&rdquo;</B>), evidencing the portion of this Warrant so transferred shall be issued to the transferee and a New

Warrant evidencing the remaining portion of this Warrant not so transferred, if any, shall be issued to the transferring

Holder. The acceptance of the New Warrant by the transferee thereof shall be deemed the acceptance by such transferee of all

of the rights and obligations of a holder of a Warrant.</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

This

Warrant may not be sold, transferred, assigned, pledged, or hypothecated, or be the subject of any hedging, short sale, derivative,

put, or call transaction that would result in the effective economic disposition of the securities by any person for a period

of 180 days immediately following the date of effectiveness of that certain registration statement on Form S-1 (File No. 333-269188)

filed by the Company, except as provided in FINRA Rule 5110(e)(2).</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Exercise and Duration of Warrants</U>. This Warrant shall be exercisable by the registered Holder at any time and from time

to time from and after the 181<SUP>st</SUP> day immediately following the date of effectiveness of that certain registration statement

on Form S-1 (File No. 333-269188) filed by the Company, in accordance with FINRA Rule 5110(e)(1), and through and including the

Expiration Date. At 5:30 p.m., New York City time on the Expiration Date, the portion of this Warrant not exercised prior thereto

shall be and become void and of no value. The Company may not call or redeem any portion of this Warrant without the prior written

consent of the affected Holder.</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Delivery of Warrant Shares</U>.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

To effect exercises hereunder, the Holder shall not be required to physically surrender this Warrant unless the aggregate Warrant

Shares represented by this Warrant is being exercised. Upon delivery of the Exercise Notice (in the form attached hereto) to the

Company (with the attached Warrant Shares Exercise Log) at its address for notice set forth herein and upon payment of the Exercise

Price multiplied by the number of Warrant Shares that the Holder intends to purchase hereunder, the Company shall promptly (but

in no event later than three Trading Days after the Date of Exercise (as defined herein)) issue and deliver to the Holder, a certificate

for the Warrant Shares issuable upon such exercise. The Company shall, upon request of the Holder and subsequent to the date on

which a registration statement covering the resale of the Warrant Shares has been declared effective by the Securities and Exchange

Commission, use its reasonable best efforts to deliver Warrant Shares hereunder electronically through the Depository Trust &amp;

Clearing Corporation or another established clearing corporation performing similar functions, if available, <U>provided</U>,

that, the Company may, but will not be required to change its transfer agent if its current transfer agent cannot deliver Warrant

Shares electronically through the Depository Trust Corporation. A &ldquo;<B>Date of Exercise</B>&rdquo; means the date on which

the Holder shall have delivered to the Company: (i) the Exercise Notice (with the Warrant Exercise Log attached to it), appropriately

completed and duly signed and (ii) payment of the Exercise Price for the number of Warrant Shares so indicated by the Holder to

be purchased.</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

If by the third Trading Day after a Date of Exercise the Company fails to deliver the required number of Warrant Shares in the

manner required pursuant to Section 5(a), then the Holder will have the right to rescind such exercise; <U>provided</U>, that

the Holder shall be required to return any Warrant Shares subject to any such rescinded exercise notice concurrently with the

return to Holder of the aggregate Exercise Price paid to the Company for such Warrant Shares and the restoration of Holder&rsquo;s

right to acquire such Warrant Shares pursuant to this Warrant (including, issuance of a replacement warrant certificate evidencing

such restored right).</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

If by the third Trading Day after a Date of Exercise the Company fails to deliver the required number of Warrant Shares in the

manner required pursuant to Section 5(a) (other than as a result of failure of the Holder to timely deliver the aggregate Exercise

Price, unless the Warrant is validly exercised by means of a cashless exercise), and if after such third Trading Day and prior

to the receipt of such Warrant Shares, the Holder purchases (in an open market transaction or otherwise) shares of Common Stock

to deliver in satisfaction of a sale by the Holder of the Warrant Shares which the Holder anticipated receiving upon such exercise

(a &quot;<B>Buy-In</B>&quot;), then the Company shall (1) pay in cash to the Holder the amount by which (x) the Holder's total

purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased exceeds (y) the amount obtained

by multiplying (A) the number of Warrant Shares that the Company was required to deliver to the Holder in connection with the

exercise at issue by (B) the closing bid price of the Common Stock on the Date of Exercise and (2) at the option of the Holder,

either reinstate the portion of the Warrant and equivalent number of Warrant Shares for which such exercise was not honored (in

which case such exercise shall be deemed rescinded) or deliver to the Holder the number of shares of Common Stock that would have

been issued had the Company timely complied with its exercise and delivery obligations hereunder; <U>provided</U>, that the Holder

shall have no right to any such amount hereunder to the extent the failure of the Company to deliver such Warrant Shares is caused

by the Holder&rsquo;s failure to provide complete information required to be provided by the Holder to the Company hereunder or

the inaccuracy of any such information. The Holder shall provide the Company written notice indicating the amounts payable to

the Holder in respect of the Buy-In and, upon request of the Company, evidence of the amount of such loss.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The Company&rsquo;s obligations to issue and deliver Warrant Shares in accordance with the terms hereof are absolute and unconditional,

irrespective of any action or inaction by the Holder to enforce the same, any waiver or consent with respect to any provision

hereof, the recovery of any judgment against any Person or any action to enforce the same, or any setoff, counterclaim, recoupment,

limitation or termination, or any breach or alleged breach by the Holder or any other Person of any obligation to the Company

or any violation or alleged violation of law by the Holder or any other Person, and irrespective or any other circumstance which

might otherwise limited such obligation of the Company to the Holder in connection with the issuance of Warrant Shares. Nothing

herein shall limit a Holder&rsquo;s right to pursue any other remedies available to it hereunder, at law or in equity including,

without limitation, a decree of specific performance and/or injunctive relief with respect to the Company&rsquo;s failure to timely

deliver certificates representing Warrant Shares upon exercise of the Warrant as required pursuant to the terms hereof.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Charges, Taxes and Expenses</U>. Issuance and delivery of Warrant Shares upon exercise of this Warrant shall be made without

charge to the Holder for any issue or transfer tax, withholding tax, transfer agent fee or other incidental tax or expense in

respect of the issuance of such certificates, all of which taxes and expenses shall be paid by the Company; provided, however,

that the Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the registration

of any certificates for Warrant Shares or Warrants in a name other than that of the Holder. The Holder shall be responsible for

all other tax liability that may arise as a result of holding or transferring this Warrant or receiving Warrant Shares upon exercise

hereof.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Replacement of Warrant</U>. If this Warrant is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be

issued in exchange and substitution for and upon cancellation hereof, or in lieu of and substitution for this Warrant, a New Warrant,

but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction and customary and

reasonable indemnity (which shall not include a surety bond), if requested. Applicants for a New Warrant under such circumstances

shall also comply with such other reasonable regulations and procedures and pay such other reasonable third-party costs as the

Company may prescribe. If a New Warrant is requested as a result of a mutilation of this Warrant, then the Holder shall deliver

such mutilated Warrant to the Company as a condition precedent to the Company&rsquo;s obligation to issue the New Warrant.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Reservation of Warrant Shares</U>. The Company covenants that, during the period the Warrant is outstanding, it will reserve

and keep available out of the aggregate of its authorized but unissued and otherwise unreserved Common Stock, solely for the purpose

of enabling it to issue Warrant Shares upon exercise of this Warrant as herein provided, the number of Warrant Shares which are

then issuable and deliverable upon the exercise of this entire Warrant, free from preemptive rights or any other contingent purchase

rights of Persons other than the Holder (taking into account the adjustments and restrictions of Section 9). The Company covenants

that all Warrant Shares so issuable and deliverable shall, upon issuance and the payment of the applicable Exercise Price in accordance

with the terms hereof, be duly authorized, validly issued and fully paid and nonassessable.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Certain Adjustments</U>. The Exercise Price and number of Warrant Shares issuable upon exercise of this Warrant are subject

to adjustment from time to time as set forth in this Section 9.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Stock Dividends and Splits</U>. If the Company, at any time while this Warrant is outstanding, (i) pays a stock dividend on

its Common Stock or otherwise makes a distribution on any class of capital stock that is payable in shares of Common Stock (which,

for avoidance of doubt, shall not include any shares of Common Stock issued by the Company upon exercise of this Warrant or any

other Warrants), (ii)&nbsp;subdivides outstanding shares of Common Stock into a larger number of shares, or (iii)&nbsp;combines

(including by way of reverse stock split) outstanding shares of Common Stock into a smaller number of shares, then in each such

case the Exercise Price shall be multiplied by a fraction of which the numerator shall be the number of shares of Common Stock

outstanding immediately before such event and of which the denominator shall be the number of shares of Common Stock outstanding

immediately after such event. Any adjustment made pursuant to clause (i) of this paragraph shall become effective immediately

after the record date for the determination of stockholders entitled to receive such dividend or distribution, and any adjustment

pursuant to clause (ii) or (iii) of this paragraph shall become effective immediately after the effective date of such subdivision

or combination.</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Fundamental Transactions</U>. If, at any time while this Warrant is outstanding there is a Fundamental Transaction, then the

Holder shall have the right thereafter to receive, upon exercise of this Warrant, the same amount and kind of securities, cash

or property as it would have been entitled to receive upon the occurrence of such Fundamental Transaction if it had been, immediately

prior to such Fundamental Transaction, the holder of the number of Warrant Shares then issuable upon exercise in full of this

Warrant (the <B>&ldquo;Alternate Consideration&rdquo;</B>). For purposes of any such exercise, the determination of the Exercise

Price shall be appropriately adjusted to apply to such Alternate Consideration based on the amount of Alternate Consideration

issuable in respect of one share of Common Stock in such Fundamental Transaction, and the Company shall apportion the Exercise

Price among the Alternate Consideration in a reasonable manner reflecting the relative value of any different components of the

Alternate Consideration. If holders of Common Stock are given any choice as to the securities, cash or property to be received

in a Fundamental Transaction, then the Holder shall be given the same choice as to the Alternate Consideration it receives upon

any exercise of this Warrant following such Fundamental Transaction. At the Holder&rsquo;s option and request, any successor to

the Company or surviving entity in such Fundamental Transaction shall issue to the Holder a new warrant substantially in the form

of this Warrant and consistent with the foregoing provisions and evidencing the Holder&rsquo;s right to purchase the Alternate

Consideration for the aggregate Exercise Price upon exercise thereof. The terms of any agreement pursuant to which a Fundamental

Transaction is effected shall include terms requiring any such successor or surviving entity to comply with the provisions of

this paragraph (b) and ensuring that the Warrant (or any such replacement security) will be similarly adjusted upon any subsequent

transaction analogous to a Fundamental Transaction.</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Number of Warrant Shares</U>. Simultaneously with any adjustment to the Exercise Price pursuant to this Section 9, the number

of Warrant Shares that may be purchased upon exercise of this Warrant shall be increased or decreased proportionately, so that

after such adjustment the aggregate Exercise Price payable hereunder for the adjusted number of Warrant Shares shall be the same

as the aggregate Exercise Price in effect immediately prior to such adjustment.</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Calculations</U>. All calculations under this Section 9 shall be made to the nearest

cent or the nearest 1/100<SUP>th</SUP> of a share, as applicable. The number of shares of Common Stock outstanding at any

given time shall not include shares owned or held by or for the account of the Company, and the disposition of any such

shares shall be considered an issue or sale of Common Stock.</FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Notice of Adjustments</U>. Upon the occurrence of each adjustment pursuant to this Section 9, the Company at its expense will

promptly compute such adjustment in accordance with the terms of this Warrant and prepare a certificate setting forth such adjustment,

including a statement of the adjusted Exercise Price and adjusted number or type of Warrant Shares or other securities issuable

upon exercise of this Warrant (as applicable), describing the transactions giving rise to such adjustments and showing in detail

the facts upon which such adjustment is based. Upon written request, the Company will promptly deliver a copy of each such certificate

to the Holder and to the Company&rsquo;s Transfer Agent.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Notice of Corporate Events</U>. If the Company (i) declares a dividend or any other distribution of cash, securities or other

property in respect of its Common Stock, including without limitation any granting of rights or warrants to subscribe for or purchase

any capital stock of the Company or any Subsidiary, (ii) authorizes or approves, enters into any agreement contemplating or solicits

stockholder approval for any Fundamental Transaction or (iii)&nbsp;authorizes the voluntary dissolution, liquidation or winding

up of the affairs of the Company, then the Company shall deliver to the Holder a notice describing the material terms and conditions

of such transaction (but only to the extent such disclosure would not result in the dissemination of material, non-public information

to the Holder) at least 10 calendar days prior to the applicable record or effective date on which a Person would need to hold

Common Stock in order to participate in or vote with respect to such transaction, and the Company will take all steps reasonably

necessary in order to ensure that the Holder is given the practical opportunity to exercise this Warrant prior to such time so

as to participate in or vote with respect to such transaction; provided, however, that the failure to deliver such notice or any

defect therein shall not affect the validity of the corporate action required to be described in such notice.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Payment of Exercise Price</U>. The Holder may pay the Exercise Price in one of the following manners:</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Cash Exercise</U>. The Holder may deliver immediately available funds; or</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Cashless Exercise</U>. The Holder may notify the Company in an Exercise Notice of its election to utilize cashless exercise,

in which event the Company shall issue to the Holder the number of Warrant Shares determined as follows:</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">X

= Y [(A-B)/A]</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">where:</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">X

= the number of Warrant Shares to be issued to the Holder in accordance with the terms of this Warrant if such exercise were by

means of a cash exercise rather than a cashless exercise.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Y

= the number of Warrant Shares with respect to which this Warrant is being exercised.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A

= the average of the daily volume weighted average price for the five Trading Days immediately prior to (but not including) the

Exercise Date.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">B

= the Exercise Price.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For

purposes of Rule 144 promulgated under the Securities Act, it is intended, understood and acknowledged that the Warrant Shares

issued in a cashless exercise transaction shall be deemed to have been acquired by the Holder, and the holding period for the

Warrant Shares shall be deemed to have commenced, on the date this Warrant was originally issued.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If

Warrant Shares are issued in such a cashless exercise, the Company and the Holder each acknowledge and the Company agrees that

in accordance with Section 3(a)(9) of the Securities Act, the Warrant Shares shall take on the registered characteristics of the

Warrants being exercised. The Company agrees not to take any position contrary to this Section 10(b).</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Limitations on Exercise</U>. Notwithstanding anything to the contrary contained herein, the number of Warrant Shares that may

be acquired by the Holder upon any exercise of this Warrant (or otherwise in respect hereof) shall be limited to the extent necessary

to ensure that, following such exercise (or other issuance), the total number of shares of Common Stock then beneficially owned

by such Holder and its Affiliates and any other Persons whose beneficial ownership of Common Stock would be aggregated with the

Holder&rsquo;s for purposes of Section 13(d) of the Exchange Act, does not exceed 4.99% of the total number of issued and outstanding

shares of Common Stock (including for such purpose the shares of Common Stock issuable upon such exercise). For such purposes,

beneficial ownership shall be determined in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated

thereunder. This provision shall not restrict the number of shares of Common Stock which a Holder may receive or beneficially

own in order to determine the amount of securities or other consideration that such Holder may receive in the event of a Fundamental

Transaction as contemplated in Section 9 of this Warrant. This restriction may not be waived. Notwithstanding anything to the

contrary contained in this Warrant, (a) no term of this Section may be waived by any party, nor amended such that the threshold

percentage of ownership would be directly or indirectly increased, (b) this restriction runs with the Warrant and may not be modified

or waived by any subsequent holder hereof and (c) any attempted waiver, modification or amendment of this Section will be <U>void

ab initio</U>.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>No Fractional Shares</U>. No fractional shares of Warrant Shares will be issued in connection with any exercise of this Warrant.

In lieu of any fractional shares which would, otherwise be issuable, the Company shall, at its election, either pay cash equal

to the product of such fraction multiplied by the closing price of one Warrant Share as reported by the applicable Trading Market

on the date of exercise or round to the nearest whole share.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Notices</U>. Any and all notices or other communications or deliveries hereunder (including, without limitation, any Exercise

Notice) shall be in writing and shall be deemed given and effective on the earliest of (i) the date of transmission, if such notice

or communication is delivered via facsimile at the facsimile number specified in this Section prior to 5:30 p.m. (New York City

time) on a Trading Day, (ii) the next Trading Day after the date of transmission, if such notice or communication is delivered

via facsimile at the facsimile number specified in this Section on a day that is not a Trading Day or later than 5:30 p.m. (New

York City time) on any Trading Day, (iii) the Trading Day following the date of mailing, if sent by nationally recognized overnight

courier service, or (iv) upon actual receipt by the party to whom such notice is required to be given. The addresses for such

communications shall be: (i) if to the Company, to 4400 Route 9 South, Suite 1000, Freehold, New Jersey 07728, telephone number:

(732) 514-2636, Attention: Chief Financial Officer (or such other address as the Company shall indicate in writing in accordance

with this Section), or (ii) if to the Holder, to the address or facsimile number appearing on the Warrant Register or such other

address or facsimile number as the Holder may provide to the Company in accordance with this Section.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Warrant Agent</U>. The Company shall serve as warrant agent under this Warrant. Upon 10 days&rsquo; notice to the Holder, the

Company may appoint a new warrant agent. Any corporation into which the Company or any new warrant agent may be merged or any

corporation resulting from any consolidation to which the Company or any new warrant agent shall be a party or any corporation

to which the Company or any new warrant agent transfers substantially all of its corporate trust or shareholders services business

shall be a successor warrant agent under this Warrant without any further act. Any such successor warrant agent shall promptly

cause notice of its succession as warrant agent to be mailed (by first class mail, postage prepaid) to the Holder at the Holder&rsquo;s

last address as shown on the Warrant Register.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>Miscellaneous</U>.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

This Warrant shall be binding on and inure to the benefit of the parties hereto and their respective successors and assigns. Subject

to the preceding sentence, nothing in this Warrant shall be construed to give to any Person other than the Company and the Holder

any legal or equitable right, remedy or cause of action under this Warrant. This Warrant may be amended only in writing signed

by the Company and the Holder and their successors and assigns. The foregoing sentence shall be subject to the restrictions on

waivers and amendments set forth in Section 11 of this Warrant.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

All questions concerning the construction, validity, enforcement and interpretation of this Warrant shall be governed by and construed

and enforced in accordance with the internal laws of the State of New York, without regard to the principles of conflicts of law

thereof. Each party agrees that all legal proceedings concerning the interpretations, enforcement and defense of this Warrant

and the transactions herein contemplated (<B>&ldquo;Proceedings&rdquo;</B>) (whether brought against a party hereto or its respective

Affiliates, employees or agents) shall be commenced exclusively in the New York Courts. Each party hereto hereby irrevocably submits

to the exclusive jurisdiction of the New York Courts for the adjudication of any dispute hereunder or in connection herewith or

with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any Proceeding,

any claim that it is not personally subject to the jurisdiction of any New York Court, or that such Proceeding has been commenced

in an improper or inconvenient forum. Each party hereto hereby irrevocably waives personal service of process and consents to

process being served in any such Proceeding 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 Warrant 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 manner permitted by law. Each party hereto hereby irrevocably waives, to the fullest

extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating to this

Warrant or the transactions contemplated hereby. If either party shall commence a Proceeding to enforce any provisions of this

Warrant, then the prevailing party in such Proceeding shall be reimbursed by the other party for its attorney&rsquo;s fees and

other costs and expenses incurred with the investigation, preparation and prosecution of such Proceeding.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>



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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P></DIV>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The headings herein are for convenience only, do not constitute a part of this Warrant and shall not be deemed to limit or affect

any of the provisions hereof.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

In case any one or more of the provisions of this Warrant shall be invalid or unenforceable in any respect, the validity and enforceability

of the remaining terms and provisions of this Warrant shall not in any way be affected or impaired thereby and the parties will

attempt in good faith to agree upon a valid and enforceable provision which shall be a commercially reasonable substitute therefor,

and upon so agreeing, shall incorporate such substitute provision in this Warrant.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Prior to exercise of this Warrant, the Holder hereof shall not, by reason of being a Holder, be entitled to any rights of a stockholder

with respect to the Warrant Shares.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to purchase Warrant Shares,

and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder for the purchase

price of any Common Stock or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors

of the Company.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>





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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P></DIV>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">IN

WITNESS WHEREOF, the Company has caused this Warrant to be duly executed by its authorized officer as of the date first indicated

above.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">

<TD></TD><TD COLSPAN="2" STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CHROMOCELL

         THERAPEUTICS CORPORATION</B></FONT></TD>

</TR>     <TR STYLE="vertical-align: top; text-align: justify">

<TD STYLE="width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: justify; width: 47%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top; text-align: justify">

<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD><TD STYLE="text-align: justify; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top; text-align: justify">

<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD></TR>

<TR STYLE="vertical-align: top; text-align: justify">

<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD></TR>

</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>





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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P></DIV>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>EXERCISE

NOTICE</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR>

<B>CHROMOCELL THERAPEUTICS CORPORATION</B><BR>

<FONT STYLE="text-transform: uppercase"><B>WARRANT DATED [&nbsp;&nbsp;&nbsp;&nbsp; ], 2023</B></FONT></FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The

undersigned Holder hereby irrevocably elects to purchase _____________ shares of Common Stock pursuant to the above referenced

Warrant. Capitalized terms used herein and not otherwise defined have the respective meanings set forth in the Warrant.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The

                                         undersigned Holder hereby exercises its right to purchase _________________ Warrant Shares

                                         pursuant to the Warrant.</FONT></TD></TR></TABLE>



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 11pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The

                                         holder shall pay the sum of $____________ to the Company in accordance with the terms

                                         of the Warrant.</FONT></TD></TR></TABLE>



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 11pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant

                                         to this Exercise Notice, the Company shall deliver to the holder _______________ Warrant

                                         Shares in accordance with the terms of the Warrant.</FONT></TD></TR></TABLE>



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 11pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(4)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By

                                         its delivery of this Exercise Notice, the undersigned represents and warrants to the

                                         Company that in giving effect to the exercise evidenced hereby the Holder will not beneficially

                                         own in excess of the number of shares of Common Stock (determined in accordance with

                                         Section 13(d) of the Securities Exchange Act of 1934) permitted to be owned under Section

                                         11 of this Warrant to which this notice relates.</FONT></TD></TR></TABLE>



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 11pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 11pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>





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



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%">                                                                                                                                                                                                                                                                                                                                                                                                                  <TR STYLE="vertical-align: top; text-align: justify">

<TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Dated: <U>&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;&nbsp;&nbsp;</U>,

    <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD><TD COLSPAN="2" STYLE="text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Name of Holder:</FONT></TD></TR>

<TR STYLE="vertical-align: top; text-align: justify">

<TD>&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: justify; padding-bottom: 1pt">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top; text-align: justify">

<TD STYLE="width: 50%"></TD><TD STYLE="width: 5%; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Print)</FONT></TD><TD STYLE="text-align: justify; width: 45%; border-bottom: Black 1pt solid"></TD>

</TR></TABLE>



<P STYLE="text-align: justify; font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">

<TD STYLE="width: 50%"></TD><TD STYLE="width: 3%; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By:</FONT></TD><TD STYLE="text-align: justify; width: 47%; border-bottom: Black 1pt solid"></TD>

</TR></TABLE>



<P STYLE="text-align: justify; font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">

<TD STYLE="width: 50%"></TD><TD STYLE="width: 5%; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Name:</FONT></TD><TD STYLE="text-align: justify; width: 45%; border-bottom: Black 1pt solid"></TD>

</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">

<TD STYLE="width: 50%"></TD><TD STYLE="width: 5%; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Title:</FONT></TD><TD STYLE="text-align: justify; width: 45%; border-bottom: Black 1pt solid"></TD>

</TR></TABLE>



<P STYLE="text-align: justify; font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">

<TD STYLE="width: 50%"></TD><TD STYLE="text-align: justify; width: 50%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Signature

must conform in all respects to name of holder as specified on the face of the Warrant)</FONT></TD>

</TR></TABLE>







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







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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Warrant

Shares Exercise Log</U></B></FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">

<TR STYLE="vertical-align: top">

    <TD STYLE="width: 24%; border: black 1pt solid; text-align: left; padding-right: 5pt; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date</FONT></TD>

    <TD STYLE="width: 25%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left; padding-right: 5pt; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Number

    of Warrant Shares Available to be Exercised</FONT></TD>

    <TD STYLE="width: 32%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left; padding-right: 5pt; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Number

    of Warrant Shares Exercised</FONT></TD>

    <TD STYLE="width: 19%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left; padding-right: 5pt; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Number

    of Warrant Shares Remaining to be Exercised</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; padding: 80pt 5pt"></TD>

    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 80pt 5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 80pt 5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 80pt 5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

</TABLE>



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    <!-- Field: /Page -->



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CHROMOCELL

THERAPEUTICS CORPORATION</B><BR>

<FONT STYLE="text-transform: uppercase"><B>WARRANT DATED [&nbsp;&nbsp;&nbsp; ], 2023</B></FONT><BR>

<BR></FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">FORM

OF ASSIGNMENT</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[To

be completed and signed only upon transfer of Warrant]</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FOR

VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ________________________________ the right represented

by the above-captioned Warrant to purchase ____________ shares of Common Stock to which such Warrant relates and appoints ________________

attorney to transfer said right on the books of the Company with full power of substitution in the premises.</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dated: _______________,

____</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">

<TR STYLE="vertical-align: top">

    <TD STYLE="width: 50%; text-align: left">&nbsp;</TD>

    <TD STYLE="width: 50%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="text-align: left">&nbsp;</TD>

    <TD STYLE="text-align: left">(Signature must conform in all respects to name of holder as specified on the face of the Warrant)</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="text-align: left">&nbsp;</TD>

    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="text-align: left">&nbsp;</TD>

    <TD STYLE="text-align: left">Address of Transferee</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="text-align: left">&nbsp;</TD>

    <TD STYLE="text-align: left">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="text-align: left">&nbsp;</TD>

    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="text-align: left">&nbsp;</TD>

    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>

</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In

the presence of:&nbsp;</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">__________________________</FONT></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>



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</BODY>

</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>g083645_ex10-4.htm
<DESCRIPTION>EXHIBIT 10.4
<TEXT>
<HTML>

<HEAD>

     <TITLE></TITLE>

</HEAD>

<BODY STYLE="font: 10pt Times New Roman, Times, Serif">



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>EXHIBIT

10.4</B></FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>SECURITIES

PURCHASE AGREEMENT</B></FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">This

<B>Securities Purchase Agreement</B> (this &ldquo;<B>Agreement</B>&rdquo;) is dated as of April 17, 2023, between </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chromocell

Therapeutics Corporation, a Delaware corporation <FONT STYLE="background-color: white">(the &ldquo;<B>Company</B>&rdquo;), and

the purchasers identified on the signature pages hereto (each, an &ldquo;<B>Initial Purchaser</B>&rdquo; and, including their

respective successors and permitted assigns, a &ldquo;<B>Purchaser</B>&rdquo;) and Boswell Prayer Ltd., an Ontario business corporation

(&ldquo;<B>Boswell</B>&rdquo; or &ldquo;<B>Lead Investor</B>&rdquo;), or a designee of Lead Investor, as collateral agent for

the Purchaser Parties (in such capacity, </FONT>and together with any successor and replacement named in accordance with this

Agreement, <FONT STYLE="background-color: white">the &ldquo;<B>Collateral Agent</B>&rdquo;).</FONT></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>WHEREAS,

</B>subject to the terms and conditions set forth in this Agreement and pursuant to Section&nbsp;4(a)(2) of the Securities Act

of 1933, as amended (the &ldquo;<B>Securities Act</B>&rdquo;), and Rule&nbsp;506(b) promulgated by the Commission thereunder,

the Company desires to issue and sell to the Initial Purchasers, and the Initial Purchasers desire to purchase from the Company

for cash and other valuable consideration, Securities of the Company as defined and described more fully in this Agreement; and</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">WHEREAS,

the Notes (as defined in Section 1.1) will rank senior to all outstanding and future indebtedness of the Company, and will be

secured by a first priority perfected security interest (subject to Permitted Liens under and as defined in the Notes) in all

of the current and future assets (other than certain Excluded Property (as defined in the Security Agreement (as defined Section

1.1)) of the Company, created or acquired in the future and subject to certain exclusions and limitations, as evidenced by the

Security Agreement.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>NOW,

THEREFORE,</B> in consideration of the representations, warranties and covenants contained in this Agreement, and for other good

and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Company and each Purchaser agree as

follows: </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: none">ARTICLE&nbsp;I </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DEFINITIONS</FONT></P>



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Definitions.</B> In addition to the terms defined elsewhere in this Agreement, the following terms have the meanings set forth

in this <B>Section&nbsp;1.1</B>:</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Affiliate</B>&rdquo;

or a Person &ldquo;<B>Affiliated</B>&rdquo; with, a specified Person, means </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">each

Person that controls, is controlled by or is under common control with such Person or any Affiliate of such Person. For purpose

of this definition, &ldquo;control&rdquo; <FONT STYLE="background-color: white">and related words are used as such terms are used

in and construed under Rule&nbsp;405 under the Securities Act. Notwithstanding the foregoing, the Purchaser and its Subsidiaries,

on the one hand, and the Company Parties and their Subsidiaries, on the other hand, shall not be considered &ldquo;<B>Affiliates</B>&rdquo;

of each other.</FONT></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Board

of Directors</B>&rdquo; means the board of directors of the Company.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Business

Day</B>&rdquo; means any day except Saturdays, Sundays, any day that is a federal holiday in the United States and any day on

which the Federal Reserve Bank of New York is not open for business.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Capital

Lease</B>&rdquo; means, as applied to any Person, any lease of, or other arrangement conveying the right to use, any property

(whether real, personal or mixed) by that Person as lessee that, in conformity with GAAP, is or should be accounted for as a capital

lease on the balance sheet of that Person.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>&ldquo;Capital

Stock&rdquo;</B> means all shares of capital stock (whether denominated as common stock or preferred stock), equity interests,

beneficial, partnership or membership interests, joint venture interests, participations or other ownership or profit interests

in or equivalents (regardless of how designated) of or in a Person (other than an individual), whether voting or non-voting.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Closing

Date</B>&rdquo; means the Business Day on which, or next following the day on which, all of the Transaction Documents required

to be executed or delivered prior to the Closing have been executed and delivered by the applicable parties thereto and all other

conditions precedent to (i)&nbsp;each Initial Purchaser&rsquo;s obligations to pay the Subscription Amount and (ii)&nbsp;the Company&rsquo;s

obligations to deliver the Securities, in each case, have been satisfied or waived.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Closing</B>&rdquo;

means the closing of the purchase and sale of the Securities pursuant to <B>Section&nbsp;2.2</B>.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>&ldquo;Collateral&rdquo;

</B>means any and all &ldquo;Collateral&rdquo; as defined in the Security Agreement or any other Transaction Document granting

a Lien to the Collateral Agent or any other Purchaser Party, as applicable, together with all property and interests in property

and proceeds thereof now owned or hereafter acquired by any Company Party in or upon which a Lien is granted or purported to be

granted pursuant to any Transaction Document.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Commission</B>&rdquo;

means the United States Securities and Exchange Commission.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Common

Stock</B>&rdquo; means the common stock of the Company, par value$0.0001 per share, any Capital Stock into which such shares of

common stock shall have been changed, and any share capital resulting from a reclassification of such common stock. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Common

Stock Equivalents</B>&rdquo; means any securities of any Company Party which would entitle the holder thereof to acquire at any

time Common Stock, including whether or not presently convertible, exchangeable or exercisable, any debt, preferred stock, right,

option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles

the holder thereof to purchase, subscribe or otherwise receive, Common Stock. </FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>&ldquo;Company

Party&rdquo; </B>means each of the Company and its Subsidiaries.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Company

Covered Person</B>&rdquo; has the meaning ascribed to such term in <B>Section&nbsp;3.1(cc)</B>. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>&ldquo;Consents&rdquo;

</B>means any approval, consent, authorization, notice to, or any other action by, any Person other than any Governmental Authority.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Contractual

Obligation</B>&rdquo; means, with respect to any Person, any provision of any security or similar instrument issued by such Person

or of any agreement, undertaking, contract, lease, indenture, mortgage, deed of trust or other instrument (other than a Transaction

Document) to which such Person is a party or by which it or any of its property is bound or to which any of its property is subject.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Currency

Agreement</B>&rdquo; means any foreign exchange contract, currency swap agreement, futures contract, option contract, synthetic

cap or other similar agreement or arrangement. For purposes of this definition, cryptocurrencies shall be considered currencies.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Derivative</B>&rdquo;

means any Interest Rate Agreement, Currency Agreement, futures or forward contract, spot transaction, commodity swap, purchase

or option agreement, other commodity price hedging arrangement, cap, floor or collar transaction, any credit default or total

return swap, any other derivative instrument, any other similar speculative transaction and any other similar agreement or arrangement

designed to alter the risks of any Person arising from fluctuations in any underlying variable, including interest rates, currency

values, insurance, catastrophic losses, climatic or geological conditions or the price or value of any other derivative instrument.

For the purposes of this definition, &ldquo;derivative instrument&rdquo; means &ldquo;any derivative instrument&rdquo; as defined

in Statement of Financial Accounting Standards No. 133 (Accounting for Derivative Instruments and Hedging Activities) of the United

States Financial Accounting Standards Board, and any defined with a term similar effect in any successor statement or any supplement

to, or replacement of, any such statement.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Disclosure

Certificate</B>&rdquo; means a certificate disclosing detailed information about the Company Parties and the Collateral in form

and substance satisfactory to the Purchasers on the Closing Date, together with any update on the Collateral or any other information

in such certificate required to be given and given in accordance with any Transaction Document.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Disclosure

Schedule</B>&rdquo; means a schedule disclosing detailed information about the Company Parties and in form and substance satisfactory

to the Purchaser on the Closing Date, together with any update on any information in such certificate required to be given and

given in accordance with any Transaction Document. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Disqualification

Event</B>&rdquo; has the meaning ascribed to such term in <B>Section&nbsp;3.1(cc)</B>. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>&ldquo;Dollars&rdquo;

</B>and the sign <B>&ldquo;$&rdquo;</B> each mean the lawful money of the United States of America.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>&ldquo;Effective

Price Per Share of the Initial Public Offering&rdquo;</B> means the effective price per share paid by investors per share of Common

Stock that is sold to the public. By way of two non-exhaustive examples, among other similar offering structures: (a) if the stated

public offering price of the Initial Public Offering is $10.00, but is sold as a unit consisting of two (2) shares of Common Stock,

the &ldquo;Effective Price Per Share of the Initial Public Offering&rdquo; is $5.00 or (b) if the stated public offering price

of the Initial Public Offering is $10.00, but is sold as a unit consisting of one (1) share of Common Stock and a warrant structured

as an <I>exchange warrant</I> or a <I>special cashless exercise warrant </I>wherein the holder of such warrant may exercise such

warrant on a cashless basis, in whole or in part, for a whole number of shares, equal to the same number of shares that would

have been issued to the holder, if such holder had, instead, elected to exercise by paying the aggregate exercise price, in cash,

without having to pay such aggregate exercise price, then the &ldquo;Effective Price Per Share of the Initial Public Offering&rdquo;

is $5.00. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>&ldquo;Event

of Default&rdquo;</B> means any event constituting an &ldquo;Event of Default&rdquo; under and as defined in any Note.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Exchange

Act</B>&rdquo; means the Securities Exchange Act of 1934, as amended. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.1pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Exempt

Issuance</B>&rdquo; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">means the issuance of (a)

shares of Common Stock or options to employees, officers, directors, advisors or independent contractors of the Company Parties;

<B>provided</B>, that such issuance is approved by a majority of the board of directors of the Company; and <B>provided</B>, <B>further

</B>that such issuance shall not exceed in the aggregate 10% of the outstanding shares of Common Stock without the prior approval

of the Purchasers, (b) shares of Common Stock, warrants or options to advisors or independent contractors of any Company Party

for compensatory purposes; <B>provided</B>, that such issuance shall not exceed in the aggregate 15% of the outstanding shares

of Common Stock without the prior approval of the Purchasers, (c) securities upon the exercise or exchange of or conversion of

any Securities issued hereunder and/or other securities exercisable or exchangeable for or convertible into shares of Common Stock

issued and outstanding on the date hereof, provided that such securities have not been amended since the date hereof to increase

the number of such securities or to decrease the exercise price, exchange price or conversion price of such securities, (d) securities

issued pursuant to acquisitions or any other strategic transactions approved by a majority of the disinterested members of the

Board of Directors; <B>provided</B>, that such acquisitions and other strategic transactions shall not include a transaction in

which the Company is issuing securities primarily for the purpose of raising capital or to an entity whose primary business is

investing in securities, and (e) securities issued in connection with the Initial Public Offering.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.1pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.1pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Forfeited

Shares</B>&rdquo; means the shares of Common Stock forfeited by any current stockholder of the Company holding 5% or more of the

total outstanding shares of Common Stock, who shall not be an Initial Purchaser participating in full in their pro-rata allocation

of the Notes by Closing, which number of shares of Common Stock will equal to fifty percent (50%) of the shares of Common Stock

and/or Common Stock Equivalents held by each such stockholder as of the date hereof. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.1pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.1pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>GAAP</B>&rdquo;

means </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">United States generally accepted accounting

principles as in effect from time to time, applied consistently throughout the periods referenced and consistently with (a) the

principles and standards set forth in the opinions and pronouncements of the Financial Accounting Standards Board or any successor

entity, (b)&nbsp;to the extent consistent with such principles, generally accepted industry practices and (c) to the extent consistent

with such principles and practices, the past practices of the Company as reflected in its financial statements as of and for the

period ended December 31, 2022, which have been provided by the Company to the Lead Investor.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.1pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.1pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>&ldquo;Governmental

Authority&rdquo;</B> means any nation, sovereign or government, any state, province, territory or other political subdivision

thereof, any municipality, any agency, authority or instrumentality thereof and any entity or authority exercising executive,

legislative, taxing, judicial, regulatory or administrative functions of or pertaining to government, and any corporation or other

entity owned or controlled, through stock or capital ownership or otherwise, by any of the foregoing, including any central bank

stock exchange regulatory body arbitrator, public sector entity, supra-national entity (including the European Union and the European

Central Bank) and any self-regulatory organization (including the National Association of Insurance Commissioners).</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<FONT STYLE="background-color: white"><B>Guaranty

Obligation</B></FONT>&rdquo; means, as applied to any Person, any direct or indirect liability, contingent or otherwise, of such

Person with respect to any Indebtedness of another Person, if the purpose or intent of such Person in incurring the Guaranty Obligation

is to provide assurance to the holder of such Indebtedness that such Indebtedness will be paid or discharged, that any agreement

relating thereto will be complied with, or that any holder of such Indebtedness will be protected (in whole or in part) against

loss in respect thereof, including (a)&nbsp;the direct or indirect guaranty, endorsement (other than for collection or deposit

in the ordinary course of business), co-making, discounting with recourse or sale with recourse by such Person of Indebtedness

of another Person and (b)&nbsp;any liability of such Person for Indebtedness of another Person through any agreement (contingent

or otherwise) (i)&nbsp;to purchase, repurchase or otherwise acquire such Indebtedness or any security therefor or to provide funds

for the payment or discharge of such Indebtedness (whether in the form of a loan, advance, stock purchase, capital contribution

or otherwise), (ii)&nbsp;to maintain the solvency or any balance sheet item, level of income or financial condition of another

Person, (iii)&nbsp;to make take-or-pay or similar payments, if required, regardless of non-performance by any other party or parties

to an agreement, (iv)&nbsp;to purchase, sell or lease (as lessor or lessee) property, or to purchase or sell services, primarily

for the purpose of enabling the debtor to make payment of such Indebtedness or to assure the holder of such Indebtedness against

loss or (v)&nbsp;to supply funds to, or in any other manner invest in, such other Person (including to pay for property or services

irrespective of whether such property is received or such services are rendered), if in the case of any agreement described under

<I>clause&nbsp;(b)(i)</I>, <I>(ii)</I>, <I>(iii)</I>, <I>(iv)</I> or <I>(v) </I>above the primary purpose or intent thereof is

to provide assurance that Indebtedness of another Person will be paid or discharged, that any agreement relating thereto will

be complied with or that any holder of such Indebtedness will be protected (in whole or in part) against loss in respect thereof.

The amount of any Guaranty Obligation shall be equal to the amount of the Indebtedness so guaranteed or otherwise supported.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Indebtedness</B>&rdquo;

means, with respect to any Person, without duplication, the following: (a) all indebtedness of such Person for borrowed money,

(b) all obligations of such Person for the deferred purchase price of property or services other than accounts payable and accrued

liabilities incurred in respect of property or services purchased in the ordinary course of business (<B>provided</B>, that such

accounts payable and accrued liabilities are not overdue by more than 180 days), (c) all obligations of such Person evidenced

by notes, bonds, debentures or similar borrowing or securities instruments, (d) all obligations of such Person created or arising

under any conditional sale or other title retention agreement with respect to property acquired by such Person, (e) all obligations

of such Person as lessee under Capital Leases, (f) all reimbursements and all other obligations of such Person with respect to

(i) letters of credit, bank guarantees or bankers&rsquo; acceptances or (ii) surety, customs, reclamation, performance or other

similar bonds, (g) all obligations of such Person secured by Liens on the assets of such Person, (h) all Guaranty Obligations

of such Person, (i) all obligations of such Person to purchase, redeem, retire, defease or otherwise make any payment in respect

of any Capital Stock, Stock Equivalent (valued, in the case of redeemable preferred stock, at the greater of its voluntary liquidation

preference and its involuntary liquidation preference plus accrued and unpaid dividends) or any warrants, rights or options to

acquire such Capital Stock, (j)&nbsp;after taking into account the effect of any legally-enforceable netting Contractual Obligation

of such Person, all payments that would be required to be made in respect of any Derivative in the event of a termination (including

an early termination) on the date of determination and (k) all obligations of another Person of the type described in clauses

(a) through (j) secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be

secured by) a Lien on the assets of such Person (whether or not such Person is otherwise liable for such obligations of such other

Person).</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>&ldquo;Initial

Principal Amount</B>&rdquo; means, as to any Purchaser, the principal amount of the Note of such Purchaser set forth on <B>Schedule

I.</B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Initial

Public Offering&rdquo; </B>means the initial public offering of the Company&rsquo;s securities. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Intellectual

Property Rights</B>&rdquo; means, collectively, all copyrights, patents, trademarks, service marks and trade names all applications

for any of the foregoing, together with: (i)&nbsp;all inventions, processes, production methods, proprietary information, know-how

and trade secrets; (ii)&nbsp;all licenses or user or other agreements granted with respect to any of the foregoing, in each case

whether now or hereafter owned or used; (iii) all customer lists, identification of suppliers, data, plans, blueprints, specifications,

designs, drawings, recorded knowledge, surveys, engineering reports, test reports, manuals, materials standards, processing standards,

performance standards, catalogs, computer and automatic machinery software and programs; (iv) all field repair data, sales data

and other information relating to sales or service of products now or hereafter manufactured; (v) all accounting information and

all media in which or on which any information or knowledge or data or records may be recorded or stored and all computer programs

used for the compilation or printout of such information, knowledge, records or data; (vi) all applications for any of the foregoing

and (vii) all causes of action, claims and warranties, in each case, now or hereafter owned or acquired in respect of any item

listed above.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Intellectual

Property Security Agreement</B>&rdquo; means each </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Intellectual

Property Security Agreement executed by any Company Party and delivered to the Company in the form attached to the Security Agreement

and otherwise in form and substance satisfactory to the Collateral Agent.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Interest

Rate Agreement</B>&rdquo; means any interest rate swap agreement, interest rate cap agreement, interest rate collar agreement,

interest rate hedging agreement or other similar agreement or arrangement.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>Liabilities</B>&rdquo;

means all amounts, indebtedness, obligations, liabilities, covenants and duties of every type and description owing by any Company

Party from time to time to any Purchaser or any other Purchaser Party, whether direct or indirect, joint or several, absolute

or contingent, due or to become due, liquidated or unliquidated, secured or unsecured, now existing or hereafter arising and however

created, acquired (regardless of whether acquired by assignment), whether or not evidenced by any note or other instrument or

for the payment of money and whether arising under Contractual Obligations, Regulations or otherwise, including, without duplication,

(i) the principal amount due of the Note, (ii) all other amounts, fees, interest (including any prepayment premium), commissions,

charges, costs, expenses, attorneys&rsquo; fees and disbursements, indemnities, reimbursement of amounts paid and other sums chargeable

to the Company under the Note, this Agreement or any other Transaction Document (including attorneys&rsquo; fees) or otherwise

arising under any Transaction Document and (iii) all interest on any item otherwise qualifying as a &ldquo;Liability&rdquo; hereunder,

whether or not accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization

or similar proceeding, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>License

Agreement</B>&rdquo; <FONT STYLE="background-color: white">has the meaning ascribed to such term in <B>Section&nbsp;3.1(l)</B>.</FONT></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Lien</B>&rdquo;

means any lien (statutory or other) mortgage, pledge, hypothecation, assignment, security interest, encumbrance, charge, claim,

right of first refusal, preemptive right, restriction on transfer or similar restriction or other security arrangement of any

kind or nature whatsoever, including any conditional sale or other title retention agreement and any capital or financing lease

having substantially the same economic effect as any of the foregoing.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>&ldquo;Losses&rdquo;

</B>means all liabilities, rights, demands, covenants, duties, obligations (including indebtedness, receivables and other contractual

obligations), claims, damages, Proceedings and causes of actions, settlements, judgments, damages, losses (including reductions

in yield), debts, responsibilities, fines, penalties, sanctions, commissions and interest, disbursements, Taxes, interest, charges,

costs, fees and expenses (including fees, charges, and disbursements of financial, legal and other advisors, consultants and professionals

and, if applicable, any value-added and other taxes and charges thereon), in each case of any kind or nature, whether joint or

several, whether now existing or hereafter arising and however acquired and whether or not known, asserted, direct, contingent,

liquidated, due, consequential, actual, punitive or treble.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Material

Adverse Effect</B>&rdquo; means material adverse effect on, or change in, </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;the

legality, validity or enforceability of any portion of any Transaction Document, (b)&nbsp;the operations, assets, business, prospects

or condition (financial or otherwise) of any Company Party, (c)&nbsp;the ability of any Company Party to perform on a timely basis

its obligations under any Transaction Document for any reason whatsoever, whether foreseen or unforeseen, including due to pandemic,

acts of a Governmental Authority, interruption of transportation systems, strikes, terrorist activities, interruptions of supply

chains or acts of God, or (d) the Collateral or the perfection or priority of any Liens granted to any Purchaser Party under any

Transaction Document.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>&ldquo;Maximum

Rate&rdquo; </B>has the meaning ascribed to such term in <B>Section&nbsp;6.12</B>. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Note</B>&rdquo;

means each Senior Secured Convertible Promissory Note, in the form attached hereto as <B>Exhibit&nbsp;A </B>and otherwise in form

and substance satisfactory to the Purchasers on the Closing Date, issued by the Company to each Purchaser hereunder and as of

the Closing Date.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>OFAC</B>&rdquo;

has the meaning ascribed to such term in <B>Section&nbsp; 3.1(y)</B>.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>PCAOB</B>&rdquo;

means the Public Company Accounting Oversight Board. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>&ldquo;Permit&rdquo;

</B>means, with respect to any Person, any permit, filing, notice, license, approval, variance, exception, permission, concession,

grant, franchise, confirmation, endorsement, waiver, certification, registration, qualification, clearance or other Contractual

Obligation or arrangement with, or authorization by, to or under the authority of, any Governmental Authority or pursuant to any

Regulation, or any other action by any Governmental Authority in each case whether or not having the force of law and affecting

or applicable to or binding upon such Person, its Contractual Obligations or arrangements or other liabilities or any of its property

or to which such Person, its Contractual Obligations or any of its property is or is purported to be subject.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Person</B>&rdquo;

means an individual, partnership, corporation, incorporated or unincorporated association, limited liability company, limited

liability partnership, joint stock company, land trust, business trust or unincorporated organization, or a government or agency,

department or other subdivision thereof or other entity of any kind.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Pre-Notice</B>&rdquo;

has the meaning ascribed to such term in <B>Section&nbsp;4.10(b)</B>. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>&ldquo;Proceeding&rdquo;

</B>against a Person means an action, suit, litigation, arbitration, investigation, complaint, dispute, contest, hearing, inquiry,

inquest, audit, examination or other proceeding threatened or pending against, affecting or purporting to affect such Person or

its property, whether civil, criminal, administrative, investigative or appellate, in law or equity before any arbitrator or Governmental

Authority.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>Pro

Rata Portion</B>&rdquo; means, with respect to a Purchaser and a group of Purchasers as of a particular date, the ratio of (i)

the Subscription Amount of Securities purchased on or prior to such date by such Purchaser (including, for the avoidance of doubt

its predecessors and assignors) that remain outstanding on such date to (ii) the sum of the aggregate Subscription Amounts of

Securities purchased by all Purchasers (including, for the avoidance of doubt, their predecessors and assignors) in such group

on or prior to such date that remain outstanding on such date.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Purchaser

Party</B>&rdquo; has the meaning ascribed to such term in <B>Section&nbsp;4.9</B>.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>&ldquo;Regulation&rdquo;

</B>means, all international, federal, state, provincial and local laws (whether civil or common law or rule of equity and whether

U.S. or non- U.S.), treaties, constitutions, statutes, codes, tariffs, rules, guidelines, regulations, writs, injunctions, orders,

judgments, decrees, ordinances and administrative or judicial precedents or authorities, including, in each case whether or not

having the force of law, the interpretation or administration thereof by any Governmental Authority, all policies, recommendations

or guidance of any Governmental Authority and all administrative orders, directed duties, directives, requirements, requests.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Related

Parties</B>&rdquo; of any Person means such Person, (i)&nbsp;each Affiliate of such Person, </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)&nbsp;each

Person that, directly or indirectly, owns or controls, whether beneficially, or as a trustee, guardian or other fiduciary, 5%

or more of the Capital Stock having ordinary voting power in the election of directors of such Person or such Affiliate, (iii)&nbsp;each

of such Person&rsquo;s or such Affiliate&rsquo;s officers, managers, directors, joint venture partners, partners and employees

(and any other Person with a functionally equivalent role of a Person holding such titles notwithstanding a lack of such title

or any other title or classification as a contractor under employment Regulations), (iv)&nbsp;any lineal descendants, ancestors,

spouse or former spouses (as part of a marital dissolution) of any of the foregoing, (v)&nbsp;any trust or beneficiary of a trust

of which any of the foregoing are the sole trustees or for the benefit of any of the foregoing. <FONT STYLE="background-color: white">Notwithstanding

the foregoing, the Purchaser and its Subsidiaries, on the one hand, and the Company Parties and their Subsidiaries, on the other

hand, shall not be considered &ldquo;<B>Related Parties</B>&rdquo; of each other.</FONT></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Required

Filings</B>&rdquo; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">means the filing of Form D

with the Commission and such filings as are required to be made under applicable state securities laws<FONT STYLE="background-color: white">.</FONT></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Required

Purchasers</B>&rdquo; means </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Purchasers holding

more than 50% of the principal amount of the Notes then outstanding or, if no Note shall be outstanding, more than 50% in interest

of the Commitment Shares then issued and outstanding but in either case including Lead Investor&rsquo;s consent for any such approval.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Resignation

Effective Date</B>&rdquo; has the meaning ascribed to such term in <B>Section&nbsp;5.6</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></B><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="background-color: white">.</FONT></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>&ldquo;Restricted

Payment&rdquo;</B> means, for any Person, (a) any dividend, stock split or other distribution, direct or indirect (including by

way of spin off, reclassification, corporate rearrangement, scheme of arrangement or similar transaction), on account of, or otherwise

to the holder or holders of, any shares of any class of Capital Stock of such Person now or hereafter outstanding, (b) any redemption,

retirement, sinking fund or similar payment, purchase or other acquisition for value, direct or indirect, of any shares of any

class of Capital Stock of such Person by such Person or any Affiliate thereof now or hereafter outstanding, and (c) any payment

made to retire, or to obtain the surrender of, any Stock Equivalents now or hereafter outstanding; <B>provided</B>, that, for

the avoidance of doubt, (i) a cashless exercise of an employee stock option in which options are cancelled to the extent needed

such that the &ldquo;in-the-money&rdquo; value of the options (i.e. the excess of market price over exercise price) that are cancelled

is utilized to pay the exercise price, and applicable taxes, shall not be a &ldquo;<B>Restricted Payment</B>&rdquo; and (ii) a

distribution of rights (including rights to receive assets) or options shall constitute a &ldquo;<B>Restricted Payment</B>&rdquo;.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Rule&nbsp;144</B>&rdquo;

means Rule&nbsp;144 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended from time to time,

or any similar rule or regulation hereafter adopted by the Commission having substantially the same effect as such Rule.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Sanctioned

Jurisdiction</B>&rdquo; means, at any time, a country, territory or geographical region that is subject to, the target of, or

purported to be subject to, Sanctions Laws. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Sanctions

Laws</B>&rdquo; means all applicable Regulations concerning or relating to economic or financial sanctions, requirements or trade

embargoes imposed, administered or enforced from time to time by OFAC, including the following (together with their implementing

regulations, in each case, as amended from time to time): the International Security and Development Cooperation Act (ISDCA) (22

U.S.C. &sect;23499aa-9 et seq.); the USA Patriot Act; and the Trading with the Enemy Act (TWEA) (50 U.S.C. &sect;5 et seq.).</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Sanctioned

Person</B>&rdquo; means (a) any Person that is listed in the annex to, or otherwise subject to the provisions of, Executive Order

13224 &ndash; Blocking Property and Prohibiting Transactions with Persons Who Commit and Threaten to Commit or Support Terrorism,

effective September 24, 2001; (b) any Person that is named in any Sanctions Laws-related list maintained by OFAC, including the

&ldquo;Specially Designated National and Blocked Person&rdquo; list; (c) any Person or individual located, organized or resident

or determined to be resident in a Sanctioned Jurisdiction that is, or whose government is, the target of comprehensive Sanctions

Laws; (d) any organization or Person directly or indirectly owned or controlled by any such Person or Persons described in the

foregoing clauses (a) through (c); and (e) any Person that commits, threatens or conspires to commit or supports &ldquo;terrorism&rdquo;,&quot;

as defined in applicable United States Regulations.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>







<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Securities</B>&rdquo;

means the Notes and the Warrants. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Securities

Act</B>&rdquo; means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>Security

Agreement</B>&rdquo; means the Security Agreement by and among the Company Parties consisting of the Company and its operating

subsidiaries and, and for the benefit of, and in form attached hereto as <B>Exhibit B </B>and otherwise in form and substance

satisfactory on the Closing Date to, the Collateral Agent.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.7pt 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Shell

Company</B>&rdquo; means an entity that fits within the definition of &ldquo;shell company&rdquo; under Section&nbsp;12b-2 of

the Exchange Act and Rule 144.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.7pt 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Short

Sales</B>&rdquo; means all &ldquo;short sales&rdquo; as defined in Rule 200 of Regulation SHO under the Exchange Act. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>&ldquo;Stock

Equivalents&rdquo;</B> means all securities and/or Indebtedness convertible into or exchangeable for Capital Stock or any other

Stock Equivalent and all warrants, options, </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">scrip

rights, <FONT STYLE="background-color: white">calls or commitments of any character whatsoever, and all other rights or options

or other arrangements (including through a conversion or exchange of any other property) to purchase, subscribe for or acquire,

any Capital Stock or any other Stock Equivalent, whether or not presently convertible, exchangeable or exercisable.</FONT></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Subscription

Amount</B>&rdquo; means, as to any Purchaser, the aggregate amount to be paid for the Notes and Warrants purchased hereunder as

specified on <B>Schedule I</B>. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Subsidiary</B>&rdquo;

means any Person (other than natural persons) the management of which is, directly or indirectly, controlled by, or of which an

aggregate of 50% or more of the outstanding Voting Stock is, at the time, owned or controlled, directly or indirectly, by such

Person or one or more Subsidiaries of such Person.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Taxes&rdquo;

</B>means any present or future taxes, levies, imposts, duties, fees, assessments, deductions, withholdings or other charges of

whatever nature, including income, receipts, excise, property, sales, use, transfer, license, payroll, withholding, social security

and franchise taxes now or hereafter imposed or levied by the United States or any other Governmental Authority and all interest,

penalties, additions to tax and similar liabilities with respect thereto, but excluding, in the case of any Purchaser, taxes imposed

on or measured by the net income or overall gross receipts of such Purchaser.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Trading

Day</B>&rdquo; means a day on which the principal Trading Market for the Common Stock is open for trading. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Trading

Market</B>&rdquo; means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on

the date in question: the NYSE American; the Nasdaq Capital Market; the Nasdaq Global Market; the Nasdaq Global Select Market;

the New York Stock Exchange; OTC Markets or the OTC Bulletin Board (or any successors to any of the foregoing). </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Transaction

Documents</B>&rdquo; means this Agreement, the Disclosure Certificate, the Notes, the Security Agreement, the Intellectual Property

Security Agreements, and any other documents or agreements executed in connection with the transactions contemplated hereunder.

</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<FONT STYLE="background-color: white"><B>UCC</B></FONT>&rdquo;

means the Uniform Commercial Code as from time to time in effect in the State of Delaware; <FONT STYLE="background-color: white"><B>provided</B></FONT>,

that, in the event that, by reason of mandatory provisions of any applicable Regulation, any of the attachment, perfection or

priority of the Collateral Agent&rsquo;s or any other Purchaser Party&rsquo;s security interest in any Collateral is governed

by the Uniform Commercial Code of a jurisdiction other than the State of Delaware, &ldquo;<FONT STYLE="background-color: white"><B>UCC</B></FONT>&rdquo;

shall mean the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating

to such attachment, perfection or priority and for purposes of the definitions related to or otherwise used in such provisions.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>&ldquo;Voting

Stock&rdquo;</B> means Capital Stock of any Person (i) having ordinary power to vote in the election of any member of the board

of directors or any manager, trustee or other controlling persons of such Person (irrespective of whether, at the time, Capital

Stock of any other class or classes of such entity shall have or might have voting power by reason of the happening of any contingency)

and (ii) any Capital Stock of such Person convertible or exchangeable without restriction at the option of the holder thereof

into Capital Stock of such Person described in clause (i) of this definition.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&ldquo;<B>Warrants</B>&rdquo;

means the Common Stock purchase warrants, in the form attached hereto as <B>Exhibit C</B> and otherwise in form and substance

satisfactory to the Purchasers, issued by the Company to each Purchaser hereunder, to purchase a number of shares of Common Stock

equal to fifty percent (50%) of the Forfeited Shares, allocated pro rata to each Initial Purchaser.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"></P>







<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT>&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: none"><B>ARTICLE&nbsp;II&nbsp;&nbsp;

</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PURCHASE AND SALE </FONT></B></P>



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Purchase</B>. On the Closing Date, upon the terms and subject to the conditions set forth herein, substantially concurrent

with the execution and delivery of this Agreement by the parties hereto, the Initial Purchasers will purchase, severally and not

jointly, an aggregate of up to Five Hundred Forty Thousand Dollars ($540,000) in Subscription Amount of Notes, and the Warrants,

if any. The purchase will be completed in a single tranche as provided herein.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Closing</B>. Upon the terms and subject to the conditions set forth herein, the Company agrees to sell, and each Initial Purchaser

agrees, severally and not jointly, to purchase, at the Closing a Note having a principal amount equal to the Initial Principal

Amount applicable to such Purchaser and the number of Warrants for such Purchaser set forth on <B>Schedule I</B>. At the Closing,

such Initial Purchaser shall deliver to the Company, via wire transfer to an account designated by the Company, immediately available

Dollars equal to such Initial Purchaser&rsquo;s Subscription Amount, and the Company shall deliver to such Initial Purchaser its

Note and Warrant as set forth in <B>Section&nbsp;2.3(a)</B> and such Initial Purchaser shall deliver to each other the other items

set forth in <B>Section&nbsp;2.3</B> deliverable at the Closing. Upon satisfaction of the covenants and conditions set forth in

<B>Sections&nbsp;2.3</B> and <B>2.4</B> for Closing, such Closing shall occur at the offices of Sullivan and Worcester LLC, 1633

Broadway, 32<SUP>nd</SUP> Floor, New York, NY 10019 or such other location as the parties shall mutually agree, and may by agreement

be undertaken remotely by electronic exchange of Closing documentation. Notwithstanding anything herein to the contrary, if the

Closing Date does not occur within ten (10) Business Days of the date hereof, this Agreement shall terminate and be null and void.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Deliveries.</B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Deliveries to Initial Purchasers.</B> On or prior to the Closing (except as noted), the Company shall deliver or cause to be

delivered to each Initial Purchaser the following, each dated as of the Closing Date and in form and substance satisfactory to

the Collateral Agent and such Initial Purchaser:</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;this Agreement, duly executed by the Company; </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Disclosure Certificate, duly executed by the Company;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a Note for such Initial Purchaser duly executed by the Company with an aggregate Initial Principal Amount equal to the amount

set forth opposite such Initial Purchaser&rsquo;s name in Column 2 on the Schedule of Initial Purchasers, registered in the name

of such Initial Purchaser;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Warrants, if any, registered in the name of the specified Purchaser;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Security Agreement, duly executed by the Company Parties; </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Lock-Up agreements, dully executed by the officers and directors of the Company; </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Intellectual Property Security Agreements, duly executed by each Company Party having Intellectual Property Rights and covering

collectively all such Intellectual Property Rights (subject to de minimis exceptions made by the Collateral Agent in its sole

discretion); </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;an officer&rsquo;s certificate and compliance certificate from the Company, each in form and substance acceptable to such Initial

Purchaser; and </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a closing statement, in form and substance acceptable to such Purchaser, and such other statements, agreements and other documents

as such Initial Purchaser may require.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Deliveries to the Company.</B> On or prior to the Closing, each Initial Purchaser (or, where applicable, the Collateral Agent)

shall deliver or cause to be delivered to the Company, as applicable, the following, each duly executed by such Initial Purchaser

(or, as the case may be, Collateral Agent) and dated as of the Closing Date:</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;this Agreement; </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Security Agreement; and</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Intellectual Property Security Agreements. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Closing Conditions.</B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Conditions to the Company&rsquo;s Obligations. </B>The obligations of the Company pursuant to <B>Section&nbsp;2.2</B> in connection

with the Closing are subject to the satisfaction, or waiver in accordance with this Agreement, of the following conditions on

or before the Closing Date:</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the representations and warranties of each Purchaser contained herein shall be true and correct as of the Closing Date (unless

expressly made as of an earlier date herein in which case they shall be accurate as of such date);</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all obligations, covenants and agreements required to be performed by any Initial Purchaser on or prior to the Closing Date (other

than the obligations set forth in <B>Section&nbsp;2.2 </B>to be performed at the Closing) shall have been performed; and</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the delivery by each Purchaser of the items such Purchaser is required to deliver prior to the Closing Date pursuant to <B>Section&nbsp;2.3(b)</B>.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Conditions to the Initial Purchaser&rsquo;s Obligations.</B> The respective obligations of each Initial Purchaser and the Collateral

Agent pursuant to <B>Section&nbsp;2.2 </B>in connection with the Closing are subject to the satisfaction, or waiver in accordance

with this Agreement, of the following conditions on or before the Closing Date, both before and after giving effect to the Closing:</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the representations and warranties of each Company Party contained in any Transaction Document shall be true and correct as of

the Closing Date (unless expressly made as of an earlier date herein in which case they shall be accurate as of such date);</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all obligations, covenants and agreements required to be performed by any Company Party or any on or prior to the Closing Date

pursuant to any Transaction Document (other than the obligations set forth in <B>Section&nbsp;2.2</B> to be performed at the Closing)

shall have been performed;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the delivery by each Company Party of the items such Company Party is required to deliver on or prior to the Closing Date pursuant

to <B>Section&nbsp;2.3(a)</B>;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;there shall exist no Event of Default and no event which, with the passage of time or the giving of notice, would constitute an

Event of Default;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;there shall be no breach of any obligation, covenant or agreement of any Company Party under the Transaction Documents and no

existing event which, with the passage of time or the giving of notice, would constitute such a breach;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;no Material Adverse Effect shall have occurred from the date hereof through the Closing Date; and</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any other conditions contained herein or the other Transaction Documents, including delivery of the items that any Company Party

is required to deliver on or prior to the Closing Date pursuant to <B>Section&nbsp;2.3</B>.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: none">ARTICLE&nbsp;III&nbsp;</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">REPRESENTATIONS AND WARRANTIES</FONT></P>



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Representations and Warranties of the Company Parties</B>. The Company hereby makes the following representations and warranties

(and, to the extent provided in the Security Agreement or any other Transaction Document, each other Company Party makes the following

representations and warranties as, and to the extent applicable to, such Company Party) to each Purchaser as of the Closing Date

as to each Company Party, each subject to the exceptions set forth in the Disclosure Schedules, which Disclosure Schedules are

deemed a part hereof and qualifies any representation or otherwise made herein to the extent of the disclosure contained in the

corresponding section of the Disclosure Schedules:</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Subsidiaries</B>. The Company does not have any Subsidiaries. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Organization and Qualification</B>. Each Company Party is a Person having the corporate form listed on <B>Schedule 3.1(b)</B>,

duly organized, validly existing and in good standing under the law of its jurisdiction of organization listed on <B>Schedule

3.1(b)</B> and is duly qualified or licensed to transact business in its jurisdiction of organization, the jurisdiction of its

principal place of business, any other jurisdiction where the Purchasers have filed a UCC financing statement or a mortgage and,

except where the failure to do so would not have a Material Adverse Effect, any other jurisdiction where such qualification is

necessary to conduct its business or own the property it purports to own &ndash; and no Proceeding exists or has be instituted

or threatened in any such jurisdiction revoking, limiting or curtailing or seeking to revoke, limit or curtail such power and

authority or qualification. Each Company Party has the right, power and authority to enter into and discharge all of its obligations

under each Transaction Document to which it purports to be a party, each of which constitutes a legal, valid and binding obligation

of such Company Party, enforceable against it in accordance with its terms, subject only to bankruptcy and similar Regulations

affecting creditors&rsquo; rights generally; and has the power, authority, Permits and Licenses to own its property and to carry

on its business as presently conducted. No Company Party is engaged in the business of extending credit (which shall not include

intercompany credit among the Company Parties) for the purpose of purchasing or carrying margin stock or any cryptocurrency, token

or other blockchain asset.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Authorization; Enforcement</B>. The execution, delivery, performance by each Company Party of its obligations, and exercise

by such Company Party of its rights under the Transaction Documents, including, if applicable, the sale of Notes, the Warrants

and other securities under this Agreement, (i)&nbsp;have been duly authorized by all necessary corporate actions of such Company

Party, (ii) except for the Required Filings, do not require any Consents or Permits that have not been obtained prior to the date

hereof and each such Permit or Consent is in full force and effect and not subject of any pending or, to the best of any Company

Party&rsquo;s knowledge, threatened, attack or revocation, (iii) are not and will not be in conflict with or prohibited or prevented

by or create a breach under (A) except for those that do not have a Material Adverse Effect, any Regulation or Permit, (B) any

corporate governance document or resolution or (C) except for those that do not have a Material Adverse Effect, any Contractual

Obligation or provision thereof binding on such Company Party or affecting any property of such Company Party and (iv) will not

result in the imposition of any Lien on the Collateral other than Liens for the benefit of the Purchaser Parties. Upon execution

and delivery thereof, each Transaction Document to which such Company Party purports to be a party shall constitute the legal,

valid and binding obligation of such Company Party, enforceable against such Company Party in accordance with its terms. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Issuance of the Securities</B>. The Securities are duly authorized and, when issued and paid for in accordance with the applicable

Transaction Documents, will be duly and validly issued, fully paid and nonassessable, free and clear of all Liens imposed by the

Company other than such Liens and restrictions on transfer provided for in the Transaction Documents.&nbsp;&nbsp;The shares of

Common Stock issuable upon exercise of the Warrants and upon conversion of the Notes, when issued in accordance with the terms

of the Warrants and the Notes, as applicable, will be validly issued, fully paid and nonassessable, free and clear of all Liens

imposed by the Company other than such Liens and restrictions on transfer provided for in the Transaction Documents. &nbsp;&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Capitalization</B>. The capitalization of the Company is as set forth on <B>Schedule 3.1(e)</B>, which also includes the number

of shares of Common Stock owned beneficially, and of record, by Affiliates of the Company as of the date hereof. No Person has

any right of first refusal, preemptive right, right of participation, or any similar right to participate in, or triggered by,

the transactions contemplated by the Transaction Documents as set forth on <B>Schedule 3.1(e)</B>. There are no outstanding Stock

Equivalents with respect to any shares of Common Stock, and there are no Contractual Obligations by which the Company or any Subsidiary

is or may become bound to issue additional shares of Common Stock or Common Stock Equivalents except as set forth on <B>Schedule

3.1(e)</B>. The issuance and sale of the Securities will not obligate the Company to issue shares of Common Stock or any other

securities to any Person (other than to any Purchaser) and will not result in a right of any holder of securities issued by any

Company Party to adjust the exercise, conversion, exchange or reset price under any Stock Equivalent, except as set forth on <B>Schedule

3.1(e)</B>. All of the outstanding shares of Capital Stock of the Company are duly authorized, validly issued, fully paid and

nonassessable, have been issued in compliance with all securities Regulations, and no such outstanding share was issued in violation

of any preemptive right or similar or other right to subscribe for or purchase securities or any other existing Contractual Obligation.

No further approval or authorization of any stockholder, and no other Permit or Consent, is required for the issuance and sale

of the Securities. There are no stockholders&rsquo; agreements, voting agreements or other similar Contractual Obligations with

respect to the Company&rsquo;s Capital Stock or Stock Equivalents to which the Company is a party or, to the knowledge of the

Company, between or among any of the Company&rsquo;s stockholders or other equity investors.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Material Adverse Effects; Undisclosed Events, Liabilities or Developments</B>. Except as set forth in <B>Schedule 3.1(f)</B>,

since December 31, 2022: (i)&nbsp;there has been no event that has had, or could reasonably be expected to result in, a Material

Adverse Effect, (ii)&nbsp;no Company Party has incurred any Indebtedness or other liability (contingent or otherwise) other than

(A)&nbsp;trade payables and accrued expenses incurred in the ordinary course of business consistent with past practice and (B)&nbsp;liabilities

not required by GAAP to be reflected in the Company&rsquo;s financial statements, (iii)&nbsp;no Company Party has altered its

fiscal year or accounting methods; (iv)&nbsp;no Company Party has declared or made any Restricted Payment or entered in any Contractual

Obligation to do so, (v)&nbsp;no Company Party has issued any Capital Stock to any officer, director or other Affiliate, and (vi)&nbsp;there

has been no event, liability, fact, circumstance, occurrence or development has occurred or exists or is reasonably expected to

occur or exist with respect to any Company Party, their Subsidiaries or their respective businesses, properties, operations, assets

or financial condition, that would be required to be disclosed by any Company Party under applicable securities Regulations at

the time this representation is made or deemed made that has not been disclosed to the Purchaser prior to the date that this representation

is made. </FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Litigation</B>. Except as set forth in <B>Schedule 3.1(g)</B>, there is no Proceeding against any Company Party of any Subsidiary

of any Company Party or any current or former officer or director of any Company Party or any Subsidiary of any Company Party

in its capacity as such which (i)&nbsp;adversely affects or challenges the legality, validity or enforceability of any of the

Transaction Documents or the Securities, (ii) involves the Commission or otherwise involves violations of securities Regulations

or (iii)&nbsp;could, assuming an unfavorable result, have or reasonably be expected to result in a Material Adverse Effect, and

none of the Company Parties, their Subsidiaries, or any director or officer of any of them, is or has been the subject of any

Proceeding involving a claim of violation of or liability under securities Regulations or a claim of breach of fiduciary duty.

The Commission has not issued any stop order or other order suspending the effectiveness of any registration statement filed by

the Company or any Subsidiary under the Exchange Act or the Securities Act.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Labor Relations</B>. There is (i) no unfair labor practice at any Company Party and there is no unfair labor practice complaint

pending against any Company Party or any Subsidiary of any Company Party or, to their knowledge of any Company Party, threatened

against any of them before the National Labor Relations Board and no grievance or arbitration proceeding arising out of or under

any collective bargaining agreement that is so pending against any Company Party or any Subsidiary of any Company Party or to

their knowledge threatened against any of them, (ii) no strike, work stoppage or other labor dispute in existence or to their

knowledge threatened involving any Company Party or any Subsidiary of any Company Party, and (iii) no union representation question

existing with respect to the employees of any Company Party or any Subsidiary of any Company Party, as the case may be, and no

union organization activity that is taking place, except (with respect to any matter specified in clause (i), (ii) or (iii) above,

either individually or in the aggregate) such as could not reasonably likely to have a Material Adverse Effect. None of the Company&rsquo;s

or its Subsidiaries&rsquo; employees is a member of a union that relates to such employee&rsquo;s relationship with the Company

or such Subsidiary, and neither the Company nor any of its Subsidiaries is a party to a collective bargaining agreement. To the

knowledge of the Company, the continued service to the Company of the executive officers of the Company Parties and their Subsidiaries

is not, and is not expected to be, in violation of any material term of any Contractual Obligation in favor of any third party,

and does not subject any Company Party or any Subsidiary of any Company Party to any Loss with respect to any of the foregoing

matters. </FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Compliance</B>. No Company Party and no Subsidiary thereof, except as set forth in <B>Schedule 3.1(i)</B> or as could not have

or reasonably be expected to result in a Material Adverse Effect: (i)&nbsp;is in default under or in violation of (and no event

has occurred that has not been waived that, with notice or lapse of time or both, would result in a default by the Company or

any Subsidiary under), nor has any Company Party or any Subsidiary thereof received notice of a claim that it is in default under

or that it is in violation of, any Contractual Obligation (whether or not such default or violation has been waived); (ii)&nbsp;is

in violation of any judgment, decree or order of any Governmental Authority; (iii)&nbsp;is or has been in violation of any Regulation,

and to the knowledge of each Company Party, no Person has made or threatened to make any claim that such a violation exists (including

relating to taxes, environmental protection, occupational health and safety, product quality and safety, employment or labor matters)

or (iv)&nbsp;has incurred, or could reasonably be expected to incur Losses relating to compliance with Regulations (including

clean-up costs under environmental Regulations), nor have any such Losses been threatened.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Permits</B>. The Company has all material Permits issued by the appropriate Governmental Authority that are necessary for each

Company Party and its Subsidiaries to conduct their respective businesses, except where failure to possess such Permit could reasonably

be expected not to result in a Material Adverse Effect and no Company Party nor any Subsidiary thereof has received any notice

of proceedings relating to the revocation or modification of any such Permit.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Title to Assets</B>. Each Company Party and their Subsidiaries have good and marketable title in fee simple to all real property

owned by them and good title in fee simple to all personal property owned or purported to be owned by any of them that is material

to the business of any Company Party or any Subsidiary of any Company Party, in each case free and clear of all Liens except as

set forth in <B>Schedule 3.1(k)</B> and except for (i)&nbsp;Liens that do not materially affect the value of any such property

and do not materially interfere with the use made and proposed to be made of such property by the Company Parties and their Subsidiaries

and (ii)&nbsp;Liens for the payment of federal, state or other taxes, for which appropriate reserves have been made therefor in

accordance with GAAP and, the payment of which is neither delinquent nor subject to penalties. Any real property and facilities

held under lease by any Company Party or any Subsidiary of the Company Parties (and any personal property if such lease is material

to the business of any Company Party or any Subsidiary of any Company Party) are held by them under valid, subsisting and enforceable

leases with which the Company Parties and their Subsidiaries party thereto are in compliance.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Intellectual Property</B>. Except where the failure to do so would not have a Material Adverse Effect, each Company Party and

each Subsidiary of the Company Parties have, or have rights to use, all Intellectual Property Rights they purport to have or have

rights to use, which, in the aggregate for all such Company Party and such Subsidiary, constitute all Intellectual Property Rights

necessary or required for use in connection with the businesses of the Company Parties and their Subsidiary as presently conducted.

No Company Party and no Subsidiary of any Company Party has received a notice (written or otherwise) that any of the Intellectual

Property Rights has expired, terminated or been abandoned, or is expected to expire or terminate or be abandoned, within two (2)

years from the date of this Agreement, and, to the knowledge of each Company Party and its Subsidiaries, no event has occurred

that permits, or would permit after notice or passage of time or both, the revocation, suspension or termination of such rights.

No Company Party and no Subsidiary of any Company Party has received, since the date of the latest audited financial statements

provided to the Lead Investor a written notice of a claim, nor has such a claim been threatened or could reasonably be expected

to be made, and no Company Party and no Subsidiary of any Company Party otherwise has any knowledge that any slogan or other advertising

device, product, process, method, substance or other Intellectual Property or goods or services bearing or using any Intellectual

Property Right presently contemplated to be sold by or employed by Intellectual Property Right of any Company Party or any Subsidiary

of any Company Party violate or infringe upon the rights of any Person, except as could not reasonably be expected to have a Material

Adverse Effect. To the knowledge of each Company Party and its Subsidiaries, all such Intellectual Property Rights are enforceable

and there is no existing infringement by another Person of any of the Intellectual Property Rights. Each Company Party and its

Subsidiaries have taken reasonable security measures to protect the secrecy, confidentiality and value of all of their intellectual

properties, except where failure to do so could not, individually or in the aggregate, reasonably be expected to have a Material

Adverse Effect. No Company Party and no Subsidiary of any Company Party has any Intellectual Property Right registered, or subject

to pending applications, in the United States Patent and Trademark Office or any similar office or agency in the United States,

any State thereof, any political subdivision thereof or in any other country, other than those set forth on <B>Schedule 3.1(l)</B>,

or has granted any licenses with respect thereto other than as set forth on <B>Schedule 3.1(l)</B>. <B>Schedule 3.1(l)</B> also

set forth all Contractual Obligations or other arrangements of any Company Party or any Subsidiary of any Company Party as in

effect on the date hereof pursuant to which such Company Party or such Subsidiary has a license or other right to use any Intellectual

Property owned by another Person and the dates of the expiration of such Contractual Obligations or other arrangements (collectively,

together with such Contractual Obligations or other arrangements as may be entered into by any Company Party or any Subsidiary

of any Company Party after the date hereof, the &ldquo;<B>License Agreements</B>&rdquo;). All material License Agreements and

related rights are in full force and effect, no default or event of default exists with respect thereto in respect of the obligations

of licensor or with respect to any royalty or other payment obligations of any Company Party or any Subsidiary of any Company

Party or any obligation of any Company Party or any Subsidiary of any Company Party with respect to manufacturing standards, quality

control or specifications and each such Company Party or such Subsidiary is in compliance with the terms thereof in all material

respects and no owner, licensor or other party thereto has sent any notice of termination or its intention to terminate such license

or rights.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Transactions with Related Parties</B>. Except as set forth in <B>Schedule 3.1(m)</B>, no Company Party and no Subsidiary of

any Company Party is a party to any Contractual Obligation or other transaction with any Related Party that is not a Company Party

or Subsidiary of a Company Party, including (a)&nbsp;Investments by any Company Party or any Subsidiary thereof in any such other

Related Party or Indebtedness owing by or to any such other Related Party and (b)&nbsp;transfers, sales, leases, assignments or

other acquisitions or dispositions of any asset, in each case except for (x)&nbsp;transactions in the ordinary course of business

on a basis no less favorable to the Company Parties and their Subsidiaries as would be obtained in a comparable arm&rsquo;s length

transaction with a Person not a Related Party and (y)&nbsp;salaries and other director or employee or other staff compensation,

including expense reimbursements and employee benefits, of the Company Parties and their Subsidiaries.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Sarbanes-Oxley; Internal Accounting Controls</B>. The Company and its Subsidiaries are in compliance with or, in connection

with its anticipated Initial Public Offering, are in the process of complying with any and all applicable requirements of the

Sarbanes-Oxley Act of 2002 that are effective as of the date hereof, and any and all related Regulations. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Certain Fees</B>. No brokerage or finder&rsquo;s fees or commissions or similar fees are or will be payable by any Company

Party or any Subsidiary of any Company Party to any broker, financial advisor or consultant, finder, placement agent, investment

banker, bank or other Person with respect to the transactions contemplated by the Transaction Documents. No Purchaser shall have

any obligation with respect to any fees or with respect to any claims made by or on behalf of other Persons for fees of a type

contemplated in this <B>Section&nbsp;3.1(o)</B> that may be due in connection with the transactions contemplated by the Transaction

Documents.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(p)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Private Placement</B>. Assuming the accuracy of each Purchaser&rsquo;s representations and warranties set forth in <B>Section&nbsp;3.2</B>,

no registration under the Securities Act is required for the offer and sale of the Securities by the Company to the Purchasers

as contemplated hereby. The issuance and sale of the Securities hereunder does not contravene the rules and regulations of the

Trading Market.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(q)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Investment Company</B>. No Company Party and no Subsidiary of any Company Party is, or is an Affiliate of (and, immediately

after receipt of payment for the Securities and before and after giving effect to the use of the proceeds thereof, none will be

or be an Affiliate of), an &ldquo;investment company&rdquo; within the meaning of the Investment Company Act of 1940, as amended.

Each Company Party and each Subsidiary of any Company Party shall conduct its business in a manner so that it will not become

an &ldquo;investment company&rdquo; subject to registration under the Investment Company Act of 1940, as amended.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(r)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Registration Rights</B>.&nbsp;&nbsp;No Person has any right to cause any Company Party or any Subsidiary of any Company Party

to effect the registration under the Securities Act of any securities of any Company Party or any Subsidiary of any Company Party,

except for the rights granted to the Purchasers pursuant to Section 4.14 of this Agreement.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(s)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>No Integrated Offering</B>. Assuming the accuracy of each Purchaser&rsquo;s representations and warranties set forth in <B>Section&nbsp;3.2</B>,

no Company Party, nor any of its Affiliates, nor any Person acting on its or their behalf has, directly or indirectly, made any

offers or sales of any security or solicited any offers to buy any security, under circumstances that would cause this offering

of the Securities to be integrated with prior offerings by the Company for purposes of the Securities Act which would require

the registration of any such securities under the Securities Act.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(t)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>No General Solicitation or General Advertising</B>. Neither the Company nor any person acting on behalf of the Company has

offered or sold any of the Securities by any form of general solicitation or general advertising. The Company has offered the

Securities for sale only to the Purchasers and certain other &ldquo;accredited investors&rdquo; within the meaning of Rule&nbsp;501

under the Securities Act.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(u)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Foreign Corrupt Practices</B>. No Company Party and no Related Party of any Company Party, has done any of the following, directly

or indirectly (including through agents, contractors, trustees, representatives and advisors): (i)&nbsp;made contributions or

payments of, or reimbursement for, gifts, entertainment or other expenses, in each case that could reasonably be viewed as unlawful

under U.S. or other Regulations related to foreign or domestic political activity or (ii)&nbsp;made payments to U.S. or other

officials, judges, employees or other staff members of any Governmental Authority or other Persons viewed as government officials

under any Regulation or to any foreign or domestic political parties, elected or union officials or campaigns in order to obtain,

retain or direct business or obtain any improper advantage, and no part of the proceeds of the Notes will be used, directly or

indirectly, to fund any such payment; (iii)&nbsp;failed to disclose fully any contribution or other payment made by any Company

Party or any Subsidiary of any Company Party (or made by any person acting on the behalf of any of the foregoing) which could

reasonably be viewed as in violation of U.S. or other Regulations; or (iv)&nbsp;any other activity in violation of the United

States Foreign Corrupt Practices Act of 1977, as amended, or any other Regulation sanctioning or purporting to sanction bribery,

corruption and other improper payments.</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Accountants</B>. The Company&rsquo;s accounting firm is a registered public accounting firm as required by the PCAOB.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(w)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>No Disagreements with Accountants and Lawyers</B>. There are no disagreements of any kind presently existing, or reasonably

anticipated by any Company Party to arise, between the Company and the accountants and lawyers formerly or presently employed

by the Company and the Company is current with respect to any fees owed to its accountants and lawyers which could affect the

Company&rsquo;s ability to perform any of its obligations under any of the Transaction Documents.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Stock Option Plans</B>. The Company has not knowingly granted, and there is no and has been no Company policy or practice to

knowingly grant, stock options prior to, or otherwise knowingly coordinate the grant of stock options with, the release or other

public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(y)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Sanctions</B>. No Company Party and no Related Party of any Company Party, directly or indirectly (including through agents,

contractors, trustees, representatives or advisors) (a) is in violation of any Sanctions Law or engages in, or conspire or attempts

to engage in, any transaction evading or avoiding any prohibition in any Sanction Law, (b) is a Sanctioned Person or derive revenues

from investments in, or transactions with Sanctioned Persons, (c) has any assets located in Sanctioned Jurisdictions or (d) deals

in, or otherwise engages in any transactions relating to, any property or interest in property blocked pursuant to any Regulation

administered or enforced by the U.S. Office of Foreign Assets Control (&ldquo;<B>OFAC</B>&rdquo;). The Borrower will not use,

directly or indirectly, any part of the proceeds of any Note hereunder to fund, and none of the Borrower or its Related Parties,

either directly or indirectly (including through agents, contractors, trustees, representatives or advisors), are engaged in any

operations involving, the financing of any investments or activities in, or any payments to, a Sanctioned Person.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(z)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>U.S. Real Property Holding Corporation</B>. The Company is not and has never been a U.S. real property holding corporation

within the meaning of Section&nbsp;897 of the Internal Revenue Code of 1986, as amended, and the Company shall so certify upon

any Purchaser&rsquo;s request.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(aa)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Tax Status</B>. Except for matters that would not, individually or in the aggregate, have or could reasonably be expected to

result in a Material Adverse Effect, the Company Parties (i)&nbsp;have made or filed all United States federal, state and local

income and all foreign income and franchise tax returns, reports and declarations required by any jurisdiction to which it is

subject, (ii)&nbsp;have 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 and (iii)&nbsp;have set aside on their respective books provision reasonably

adequate for the payment of all material 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 Parties know of no basis for any such claim.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(bb)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Seniority</B>. As of the Closing Date, except for the Indebtedness having an outstanding principal amount as of the Closing

Date not exceeding $50,000, no Indebtedness or other claim against any Company Party is senior in right of payment to the Notes

or the obligations due thereunder or their guaranties, whether with respect to interest or upon liquidation or dissolution, or

otherwise, other than indebtedness secured by purchase money security interests (which is senior only as to underlying assets

covered thereby) and capital lease obligations (which is senior only as to the property covered thereby).</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(cc)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Disqualification Events</B>. With respect to the Securities to be offered and sold hereunder in reliance on Rule 506(b) of

Regulation D promulgated under the Securities Act, none of the Company, any of its predecessors, any affiliated issuer, any director,

executive officer, other officer of the Company participating in the offering hereunder, any beneficial owner of twenty percent

(20%) or more of the Company&rsquo;s outstanding voting equity securities, calculated on the basis of voting power, nor any promoter

(as such term is defined in Rule 405 under the Securities Act) connected with the Company in any capacity at the time of sale

(as each such term is used and understood in Rule 506(d) of Regulation D under the Securities Act, each a &ldquo;<B>Company Covered

Person</B>&rdquo;) is subject to any of the &ldquo;Bad Actor&ldquo; disqualifications described in Rule 506(d)(1)(i) to (viii)

of Regulation D under the Securities Act (a &ldquo;<B>Disqualification Event</B>&rdquo;), except for a Disqualification Event

covered by Rule 506(d)(2) or (d)(3) of Regulation D under the Securities Act. The Company has exercised reasonable care to determine

whether any Company Covered Person is subject to a Disqualification Event. The Company has complied, to the extent applicable,

with its disclosure obligations under Rule 506(e) of Regulation D promulgated under the Securities Act and has furnished to the

Purchaser a copy of any disclosures provided thereunder. The Company will notify each Purchaser in writing, prior to the Closing

Date, of (i) any Disqualification Event relating to any Company Covered Person and (ii) any event that would, with the passage

of time, become a Disqualification Event relating to any Company Covered Person. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(dd)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>No Other Covered Persons.</B> There is no Person (other than a Company Covered Person) that has been or will be paid (directly

or indirectly) remuneration for solicitation of the Purchaser in connection with the sale of any Securities. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ee)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Subsidiary Rights</B>. Each Company Party has the unrestricted right to vote, and (subject to limitations imposed by applicable

law) to receive dividends and distributions on, all capital securities of its Subsidiaries as owned by any Company Party or any

Subsidiary of any Company Party.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ff)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Full Disclosure</B>. All of the disclosures furnished on behalf of, and all of the representations and warranties made by,

any Company Party in any Transaction Document and all statements contained in the Disclosure Schedules to this Agreement or any

certificate or other document furnished or to be furnished to any Purchaser or any Purchaser Party or their attorneys or advisors

pursuant to any Transaction Document are true and correct and none contains any untrue statement of a material fact, or omits

to state a material fact necessary to make the statements contained therein, in light of the circumstances in which they are made,

not misleading. The press releases disseminated by the Company Parties during the twelve months preceding the date of this Agreement

taken as a whole do not contain any untrue statement of a material fact or omit 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 and when

made, not misleading. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(gg)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Lock-Up Agreements of Offices and Directors</B>. The Company has caused each of its officers and directors to enter into lock-up

agreements with the Company in the form set forth in <B>Exhibit D</B>.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Representations and Warranties of Each Purchaser</B>. Each Purchaser, severally and not jointly, for itself and for no other

Purchaser, hereby represents and warrants as of the date hereof and as of the Closing Date to the Company as follows (unless as

of a specific date therein in which case they shall be accurate as of such date). Each Company Party acknowledges and agrees that

the representations and warranties of each Purchaser set forth in <B>Section&nbsp;3.2</B> shall not modify, amend or affect any

Purchaser&rsquo;s right to rely on the representations and warranties of any Company Party contained in this Agreement or in any

other Transaction Document or any other document or instrument executed and/or delivered in connection with this Agreement or

the consummation of the transaction contemplated hereby.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Organization; Authority</B>. Such Purchaser is either an individual or an entity duly incorporated or formed, validly existing

and in good standing under the laws of the jurisdiction of its incorporation or formation with full right, corporate, partnership,

limited liability company or similar power and authority to enter into and to consummate the transactions contemplated by the

Transaction Documents and otherwise to carry out its obligations hereunder and thereunder. The execution and delivery of the Transaction

Documents and performance by such Purchaser of the transactions contemplated by the Transaction Documents have been duly authorized

by all necessary corporate, partnership, limited liability company or similar action, as applicable, on the part of such Purchaser.

Each Transaction Document to which it is a party has been duly executed by such Purchaser, and when delivered by such Purchaser

in accordance with the terms hereof, will constitute the valid and legally binding obligation of such Purchaser, enforceable against

it in accordance with its terms, except: (i) as limited by general equitable principles and applicable bankruptcy, insolvency,

reorganization, moratorium and other laws of general application affecting enforcement of creditors&rsquo; rights generally; (ii)

as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies; and (iii)

insofar as indemnification and contribution provisions may be limited by applicable law.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Own Account</B>. Such Purchaser understands that the Securities are &ldquo;restricted securities&rdquo; and have not been registered

under the Securities Act or any applicable state securities law and is acquiring the Securities as principal for its own account

and not with a view to or for distributing or reselling such Securities or any part thereof in violation of the Securities Act

or any applicable state securities law, has no present intention of distributing any of such Securities in violation of the Securities

Act or any applicable state securities law and has no direct or indirect arrangement or understandings with any other persons

to distribute or regarding the distribution of such Securities in violation of the Securities Act or any applicable state securities

law (this representation and warranty not limiting such Purchaser&rsquo;s right to sell the Securities in compliance with applicable

federal and state securities laws). Such Purchaser is acquiring the Securities hereunder in the ordinary course of its business.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Purchaser Status</B>. At the time such Purchaser was offered or otherwise purchased or acquired the Securities, it was, and

as of the date hereof it is, and on each date on which it converts the Notes it will be an &ldquo;accredited investor&rdquo; as

defined in Rule 501(a)(1), (a)(2), (a)(3), (a)(7) or (a)(8) under the Securities Act.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Experience of Such Purchaser</B>. Such Purchaser, either alone or together with its representatives, has such knowledge, sophistication

and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment

in the Securities, and has so evaluated the merits and risks of such investment. Such Purchaser is able to bear the economic risk

of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>General Solicitation / General Advertising</B>. Such Purchaser is not purchasing the Securities as a result of any advertisement,

article, notice or other communication regarding the Securities published in any newspaper, magazine or similar media or broadcast

over television or radio or presented at any seminar or any other general solicitation or general advertisement.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Certain Transactions and Confidentiality</B>. Other than consummating the transactions contemplated hereunder, such Purchaser

has not directly or indirectly, nor has any Person acting on behalf of or pursuant to any understanding with such Purchaser, executed

any purchases or sales, including Short Sales,&nbsp;of the securities of the Company during the period commencing as of the time

that such Purchaser first received a term sheet (written or oral) from the Company or any other Person representing the Company

setting forth the material terms of the transactions contemplated hereunder and ending immediately prior to the execution hereof.

Notwithstanding the foregoing, if such Purchaser is a multi-managed investment vehicle (whereby separate portfolio managers manage

separate portions of such Purchaser&rsquo;s assets and the portfolio managers have no direct knowledge of the investment decisions

made by the portfolio managers managing other portions of such Purchaser&rsquo;s assets), the representation set forth above in

this <B>clause&nbsp;(f)</B> shall only apply with respect to the portion of assets managed by the portfolio manager that made

the investment decision to purchase the Securities covered by this Agreement. Other than to other Persons party to this Agreement,

such Purchaser has maintained the confidentiality of all disclosures made to it in connection with this transaction (including

the existence and terms of this transaction).</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: none">ARTICLE&nbsp;IV </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">OTHER

AGREEMENTS OF THE PARTIES</FONT></P>



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Transfer Restrictions.</B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Securities may only be disposed of in compliance with state and federal securities laws. In connection with any transfer of

Securities other than pursuant to an effective registration statement or Rule 144, to the Company or to an Affiliate of a Purchaser

or in connection with a pledge as contemplated in <B>Section&nbsp;4.1(b)</B>, the Company may require the transferor thereof to

provide to the Company an opinion of counsel selected by the transferor and reasonably acceptable to the Company, at the Company&rsquo;s

sole expense in the form and substance of which opinion shall be reasonably satisfactory to the Company, to the effect that such

transfer does not require registration of such transferred Securities under the Securities Act. As a condition of transfer, any

such transferee shall agree in writing to be bound by the terms of this Agreement and shall have the rights and obligations of

a Purchaser under this Agreement.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Purchaser agrees, severally but not jointly, to the inclusion, for as long as is required by this <B>Section&nbsp;4.1</B>,

of a legend on all of the Securities in the following form:</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">[NEITHER]

THIS SECURITY [NOR THE SECURITIES INTO WHICH THIS SECURITY IS [CONVERTIBLE][EXERCISABLE]] HAS NOT [HAVE] BEEN REGISTERED WITH

THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION

UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE &ldquo;SECURITIES ACT&rdquo;), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD

EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR

IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES

LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE

TO THE COMPANY.&nbsp;&nbsp;THIS SECURITY [AND THE SECURITIES ISSUABLE UPON [CONVERSION] [EXERCISE] OF THIS SECURITY]] MAY BE PLEDGED

IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT WITH A REGISTERED BROKER-DEALER OR OTHER LOAN WITH A FINANCIAL INSTITUTION THAT

IS AN &ldquo;ACCREDITED INVESTOR&rdquo; AS DEFINED IN RULE 501(a) UNDER THE SECURITIES ACT OR OTHER LOAN SECURED BY SUCH SECURITIES.

</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">The

Company acknowledges and agrees that each Purchaser may from time to time pledge pursuant to a bona fide margin agreement with

a registered broker-dealer or grant a security interest in some or all of its Securities to a financial institution that is an

&ldquo;accredited investor&rdquo; as defined in Rule 501(a) under the Securities Act and who agrees to be bound by the provisions

of this Agreement and, if required under the terms of such arrangement, such Purchaser may transfer pledged or secured Securities

to the pledgees or secured parties.&nbsp;&nbsp;Such a pledge or transfer would not be subject to approval of the Company and no

legal opinion of legal counsel of the pledgee, secured party or pledgor shall be required in connection therewith.&nbsp;&nbsp;Further,

no notice shall be required of such pledge.&nbsp;&nbsp;At the Company&rsquo;s expense, the Company will execute and deliver such

reasonable documentation as a pledgee or secured party of Securities may reasonably request in connection with a pledge or transfer

of the Securities. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Acknowledgment of Dilution</B>.&nbsp;&nbsp;The Company acknowledges that the issuance of the Securities may result in dilution

of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions.&nbsp;&nbsp;The Company

further acknowledges that its obligations under the Transaction Documents are unconditional and absolute and not subject to any

right of set off, counterclaim, delay or reduction, regardless of the effect of any such dilution or any claim the Company may

have against any Purchaser and regardless of the dilutive effect that such issuance may have on the ownership of the other stockholders

of the Company.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>[Reserved].</B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Integration</B>.&nbsp;&nbsp;The Company shall not sell, offer for sale or solicit offers to buy or otherwise negotiate in respect

of any security (as defined in Section&nbsp;2 of the Securities Act) that would be integrated with the offer or sale of the Securities

in a manner that would require the registration under the Securities Act of the sale of the Securities or that would be integrated

with the offer or sale of the Securities for purposes of the rules and regulations of any Trading Market such that it would require

shareholder approval prior to the closing of such other transaction unless shareholder approval is obtained before the closing

of such subsequent transaction.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>[Reserved]</B>.&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Shareholder Rights Plan</B>. No claim will be made or enforced by the Company or, with the consent of the Company, any other

Person, that any Purchaser is an &ldquo;acquiring person&rdquo; (or similar or equivalent term) under any control share acquisition,

business combination, poison pill (including any distribution under a rights agreement) or similar anti-takeover plan or arrangement

in effect or hereafter adopted by the Company, or that any Purchaser could be deemed to trigger the provisions of any such plan

or arrangement, by virtue of receiving Securities under the Transaction Documents or under any other agreement between the Company

and any Purchaser.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Material Non-Public Information</B>. Except with respect to the material terms and conditions of the transactions contemplated

by the Transaction Documents, each Company Party covenants and agrees that neither it, nor any of its Affiliates, nor any other

Person acting on its behalf, will, subsequent to the Company&rsquo;s initial public offering, provide any Purchaser, any Purchaser

Party or their respective agents or counsel with any information that any Company Party believes constitutes material non-public

information, unless prior thereto such information is disclosed to the public, or such Purchaser shall have entered into a written

agreement with the Company regarding the confidentiality and use of such information. There has been no public announcement of

a pending or proposed Fundamental Transaction or Change of Control Transaction (as each such term is defined in the Notes) that

has not been consummated. No Purchaser has been provided by any Company Party or any Related Party of any Company Party any information,

that constitutes, or may constitute, material non-public information with respect to any Company Party. The Company understands

and confirms that each Purchaser shall be relying on the foregoing representations, warranties and covenants in effecting transactions

in securities of the Company.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Use of Proceeds</B>. The Company Parties shall use the net proceeds as set forth in <B>Schedule 4.8</B>.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Indemnification of Each Purchaser Party</B>. Each Company Party shall, jointly and severally, indemnify against, and hold harmless

from, each Purchaser, the Collateral Agent, their Related Parties, each Person who controls any of them (within the meaning of

Section&nbsp;15 of the Securities Act and Section&nbsp;20 of the Exchange Act), and their agents, contractors, trustees, representatives

and advisors (each, a &ldquo;<B>Purchaser Party</B>&rdquo;) any and all Losses that any Purchaser Party may suffer or incur as

a result of or relating to (a) the administration, performance or enforcement by the Purchasers of any of the Transaction Documents

or consummation of any transaction described therein, (b) the existence of, perfection of, a Lien upon or the sale or collection

of, or any other damage, Loss, failure to return or other realization upon any collateral, (c) the failure of any Company Party

or any of their Related Parties (whether directly or through their agents, contractors, trustees, representatives and advisors)

to observe, perform or discharge any of the covenants or duties under any of the Transaction Documents, (d) any Proceeding, whether

or not any Purchaser Party is a party thereto (including Proceedings instituted by any Governmental Authority or any holder of

any equity interest in, or other direct or indirect investor in, the Company who is not an Affiliate of such Purchaser Party)

with respect to any of the Transaction Documents or the transactions contemplated therein. Additionally, if any Taxes (excluding

Taxes imposed upon or measured solely by the net income of the recipient of any payment made under any Transaction Document, but

including any intangibles tax, stamp tax, recording tax or franchise tax) shall be imposed on any Company Party or Purchaser Party,

whether or not lawfully payable, on account of the execution or delivery of this Agreement, or the execution, delivery, issuance

or recording of any of the other Transaction&nbsp;Documents, or the creation or repayment of any of obligations hereunder, by

reason of any applicable Regulations now or hereafter in effect, each Company shall, jointly and severally, pay (or&nbsp;shall

promptly reimburse such Purchaser Party for the payment of) all such Taxes, including any interest, penalties, expenses and other

Losses with respect thereto), and will indemnify and hold the Purchaser Parties harmless from and against all Losses arising therefrom

or in connection therewith. <B>The&nbsp;foregoing indemnities shall not apply to Losses incurred by any Purchaser Party as a&nbsp;result

of its own gross negligence or willful misconduct as determined by a final non-appealable order of a court of competent jurisdiction.

</B>Notwithstanding anything to the contrary in any Transaction Document, the obligations of the Company Parties with respect

to each indemnity given by them in this Agreement or any of the other Transaction Documents in favor of the Purchaser Parties

shall survive the payment in full of the Notes and the termination of this Agreement. The indemnification required by this <B>Section&nbsp;4.9

</B>shall be made by periodic payments of the amount thereof during the course of the investigation or defense, as and when bills

are received or are incurred. The indemnification contained herein shall be in addition to any cause of action or similar right

of any Purchaser Party against any Company Party or others and any liabilities any Company Party may be subject to pursuant to

any Regulation.</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Right of First Refusal.</B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For so long as any of the Notes remain outstanding, upon any issuance by the Company of Common Stock, Common Stock Equivalents

or other Indebtedness or other securities, whether for cash consideration or a combination of units thereof (a &ldquo;<B>Subsequent

Financing</B>&rdquo;), each Purchaser with outstanding Notes or Warrants shall have the right to participate up to its Pro Rata

Portion (measured against all Purchasers) of a percentage of such Subsequent Financing equal to, in the aggregate for all Purchasers,

one hundred percent (100%) in case of any offering (the &ldquo;<B>ROFR Participation Maximum</B>&rdquo;) on the same terms, conditions

and price provided for in the Subsequent Financing (the &ldquo;<B>ROFR</B>&rdquo;). For the avoidance of doubt, the ROFR will

not apply to the Initial Public Offering.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At least three (3) Trading Days in case of a Subsequent Financing structured as a public offering or as an &ldquo;overnight&rdquo;

or &ldquo;intraday&rdquo; deal or other similar transaction prior to the closing of a Subsequent Financing, the Company shall

deliver to each Purchaser a written notice of its intention to effect a Subsequent Financing (&ldquo;<B>Pre-Notice</B>&rdquo;),

which Pre-Notice shall ask such Purchaser if it wants to review the details of such financing (each additional notice containing

such details, a &ldquo;<B>Subsequent Financing Notice</B>&rdquo;). Upon the request of any Purchaser for a Subsequent Financing

Notice, and only upon such a request, the Company shall promptly, but no later than one (1) Trading Day after such request, deliver

a Subsequent Financing Notice to such Purchaser. The Subsequent Financing Notice shall describe in reasonable detail the proposed

terms of such Subsequent Financing, the amount of proceeds intended to be raised thereunder and the Persons through or with whom

such Subsequent Financing is proposed to be effected, the Pro Rata Portion (as defined below) of the ROFR Participation Maximum

of such Purchaser, an inquiry as to whether such Purchaser is willing to participate above their Pro Rata Portion (and what is

the maximum amount such Purchaser is willing to commit), and shall include a term sheet or similar document relating thereto as

an attachment. In addition to such other remedies available to a Purchaser, in the event that the Company fails to provide the

Pre Notice required by this <B>Section 4.10(b)</B>, then each Purchaser shall be entitled to exercise its rights under Section

4.10 until sixty (60) days after the closing of the particular Subsequent Financing, and the Purchaser may deem the failure to

give any notice required hereunder an Event of Default under any Note or Warrant.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any Purchaser desires to participate in such Subsequent Financing, such Purchaser must provide written notice to the Company

within one (1) Business Day of receipt of the Subsequent Financing Notice (two (2) hours in the event of a Subsequent Financing

structured as a public offering or as an &ldquo;overnight&rdquo; or &ldquo;intraday&rdquo; deal or other similar transaction)

that such Purchaser is willing to participate in the Subsequent Financing, the maximum amount for which such Purchaser would be

willing to participate if it is allocated to it (up to the ROFR Participation Maximum), and representing and warranting that the

Purchaser has such funds ready, willing, and available for investment on the terms set forth in the Subsequent Financing Notice.

A Purchaser&rsquo;s election not to participate in any Subsequent Financing shall not waive such Purchaser&rsquo;s rights to participate

in future Subsequent Financings. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At first, each Purchaser shall first have the right to purchase its Pro Rata Portion (measured against Purchaser) of the ROFR

Participation Maximum. If some Purchasers have declined to participate in such Subsequent Financing, and some portion of the ROFR

Participation Maximum remains unallocated, each Purchaser having agreed to participate above its current allocation shall be allocated

its Pro Rata Portion (measured against Purchaser having so agreed) of the next dollar &ndash; and so on and so forth until the

ROFR Participation Maximum shall be fully allocated or Purchaser shall have been given their desired allocation in full. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The transaction documents related to any Subsequent Financing applicable to any Purchaser participating in such Subsequent Financing

shall not include any term or provision whereby such Purchaser shall be required to agree to any restrictions on trading as to

any of the Securities purchased hereunder. In addition, the transaction documents related to the Subsequent Financing shall not

include any requirement to consent to any amendment to or termination of, or grant any waiver, release or other modification or

the like under or in connection with, this Agreement, without the prior written consent of the number of Purchaser required hereunder

to consent to this amendment, termination, waiver, consent, release or other modification.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary in this <B>Section 4.10 </B>and unless otherwise agreed to by the applicable Purchaser,

the Company shall either confirm in writing to each Purchaser that the transaction with respect to the Subsequent Financing has

been abandoned or shall publicly disclose its intention to issue the securities in the Subsequent Financing, if the Company is

then subject to the reporting requirements of the Exchange Act, in either case in such a manner such that each Purchaser will

not be in possession of any material, non-public information, by the fifth (5<SUP>h</SUP>) Trading Day following delivery of the

Subsequent Financing Notice. If by such fifth (5<SUP>th</SUP>) Trading Day, no public disclosure regarding a transaction with

respect to the Subsequent Financing has been made, and no notice regarding the abandonment of such transaction has been received

by the Purchaser, such transaction shall be deemed to have been abandoned and the Purchaser shall not be deemed to be in possession

of any material, non-public information with respect to the Company or any of its Subsidiaries in addition to other remedies available

to a Purchaser. In addition to such other remedies available to a Purchaser, in the event that the Company fails to provide the

notice required by this <B>Section 4.10(b)</B>, then each Purchaser shall be entitled to exercise its rights under <B>Section

4.10</B> until thirty (30) days after the closing of the particular Subsequent Financing and Purchaser may deem the failure to

give any notice required hereunder an Event of Default under the Note or Warrant.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding the foregoing, this <B>Section 4.10 </B>shall not apply in respect of an Exempt Issuance.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Right of Participation.</B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the ROFR is not exercised, for so long as any of the Notes remain outstanding, upon any Subsequent Financing, each Purchaser

shall have the right to participate up to its Pro Rata Portion (measured against all Purchasers) of a percentage of such Subsequent

Financing, in the aggregate for all Purchasers, in an amount equal to thirty-three percent (33%) in case of any Subsequent Financing

on the same terms, conditions and price provided for in the Subsequent Financing (the &ldquo;<B>Right of Participation</B>&rdquo;).

For the avoidance of doubt, the Right of Participation will not apply to the Initial Public Offering. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At least three (3) Business Days (four (4) hours in case of a Subsequent Financing structured as a public offering or as an &ldquo;overnight&rdquo;

or &ldquo;intraday&rdquo; deal or other similar transaction) prior to the closing of a Subsequent Financing, the Company shall

deliver to each Purchaser a Pre-Notice, which Pre-Notice shall ask such Purchaser if it wants to review the details of such financing.

Upon the request of any Purchaser for a Subsequent Financing Notice, and only upon such a request, the Company shall promptly,

but no later than one (1) Business Day after such request, deliver a Subsequent Financing Notice to such Purchaser. The Subsequent

Financing Notice shall describe in reasonable detail the proposed terms of such Subsequent Financing, the amount of proceeds intended

to be raised thereunder and the Persons through or with whom such Subsequent Financing is proposed to be effected, the Pro Rata

Portion (as defined below) of the Participation Maximum of such Purchaser, an inquiry as to whether such Purchaser is willing

to participate above their Pro Rata Portion (and what is the maximum amount such Purchaser is willing to commit), and shall include

a term sheet or similar document relating thereto as an attachment. In addition to such other remedies available to a Purchaser,

in the event that the Company fails to provide the Pre Notice required by this <B>Section 4.11(b)</B>, then each Purchaser shall

be entitled to exercise its rights under <B>Section 4.11</B> until sixty (60) days after the closing of the particular Subsequent

Financing, and the Purchaser may deem the failure to give any notice required hereunder an Event of Default under any Note or

Warrant.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any Purchaser desires to participate in such Subsequent Financing, such Purchaser must provide written notice to the Company

within one (1) Business Day of receipt of the Subsequent Financing Notice (two (2) hours in the event of a Subsequent Financing

structured as a public offering or as an &ldquo;overnight&rdquo; or &ldquo;intraday&rdquo; deal or other similar transaction)

that such Purchaser is willing to participate in the Subsequent Financing, the maximum amount for which such Purchaser would be

willing to participate if it is allocated to it (up to the Participation Maximum), and representing and warranting that the Purchaser

has such funds ready, willing, and available for investment on the terms set forth in the Subsequent Financing Notice. A Purchaser&rsquo;s

election not to participate in any Subsequent Financing shall not waive such Purchaser&rsquo;s rights to participate in future

Subsequent Financings. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At first, each Purchaser shall first have the right to purchase its Pro Rata Portion (measured against Purchaser) of the Participation

Maximum. If some Purchasers have declined to participate in such Subsequent Financing, and some portion of the Participation Maximum

remains unallocated, each Purchaser having agreed to participate above its current allocation shall be allocated its Pro Rata

Portion (measured against Purchaser having so agreed) of the next dollar &ndash; and so on and so forth until the Participation

Maximum shall be fully allocated or Purchaser shall have been given their desired allocation in full. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The transaction documents related to any Subsequent Financing applicable to any Purchaser participating in such Subsequent Financing

shall not include any term or provision whereby such Purchaser shall be required to agree to any restrictions on trading as to

any of the Securities purchased hereunder. In addition, the transaction documents related to the Subsequent Financing shall not

include any requirement to consent to any amendment to or termination of, or grant any waiver, release or other modification or

the like under or in connection with, this Agreement, without the prior written consent of the number of Purchaser required hereunder

to consent to this amendment, termination, waiver, consent, release or other modification.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary in this <B>Section 4.11 </B>and unless otherwise agreed to by the applicable Purchaser,

the Company shall either confirm in writing to each Purchaser that the transaction with respect to the Subsequent Financing has

been abandoned or shall publicly disclose its intention to issue the securities in the Subsequent Financing, if the Company is

then subject to the reporting requirements of the Exchange Act, in either case in such a manner such that each Purchaser will

not be in possession of any material, non-public information, by the fifth (5<SUP>th</SUP>) Trading Day following delivery of

the Subsequent Financing Notice. If by such fifth (5<SUP>th</SUP>) Trading Day, no public disclosure regarding a transaction with

respect to the Subsequent Financing has been made, and no notice regarding the abandonment of such transaction has been received

by the Purchaser, such transaction shall be deemed to have been abandoned and the Purchaser shall not be deemed to be in possession

of any material, non-public information with respect to the Company or any of its Subsidiaries in addition to other remedies available

to a Purchaser. In addition to such other remedies available to a Purchaser, in the event that the Company fails to provide the

notice required by this <B>Section 4.11(b)</B>, then each Purchaser shall be entitled to exercise its rights under <B>Section

4.11</B> until thirty (30) days after the closing of the particular Subsequent Financing and Purchaser may deem the failure to

give any notice required hereunder an Event of Default under the Note or Warrant.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding the foregoing, this <B>Section 4.11 </B>shall not apply in respect of an Exempt Issuance.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Publicity; Other Filings. </B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Public Disclosures.</B> The Company and the Purchasers shall consult with each other in issuing any public disclosure with

respect to the transactions contemplated hereby, and none of the Company or any Purchaser shall issue any such public disclosure

nor otherwise make any such public statement without the prior consent of the Company, with respect to any press release of any

Purchaser, or without the prior consent of the Required Purchasers, with respect to any press release of the Company, which consent

shall not unreasonably be withheld or delayed, except if such disclosure is reasonably viewed as required by any Regulation, in

which case the disclosing party shall promptly provide the other party with prior notice of such public statement or communication.

Notwithstanding the foregoing, the Company shall not publicly disclose the name, trademark, service mark, symbol, logo (or any

abbreviation, contraction or simulation thereof) of, or otherwise refer to, any Purchaser (including in any filing with the Commission,

regulatory agency or Trading Market) without the prior consent of the Purchaser (including in any press release, letterhead, public

announcement or marketing material), except, and then only after consulting with such Purchaser, to the extent required to do

so under applicable Regulations (including as required in any registration statement filed with the Commission). None of the Company

Parties and their Affiliates shall represent that any Company Party or any of its Affiliates, any product or service of the Company

Parties or their Affiliates, or any know how or policy or practice of the Company Parties or their Affiliates has been approved

or endorsed by any Purchaser Party. </FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Credit Report and Other Authorizations.</B> Each Company Party authorizes the Purchaser Parties, their agents and representatives

and any credit reporting agency engaged by any Purchaser Party, to (i) investigate any references given or any other statements

or data obtained from or about the Company Parties for the purpose of the Transaction Documents, (ii) obtain consumer business

credit reports on the Company Parties, (iii) contact personal and business references provided by any Company Parties, at any

time now or for so long as any amounts remains unpaid under the Transaction Documents, and (iv) share information regarding the

Company Parties&rsquo; performance under this Agreement with affiliates and unaffiliated third parties. </FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Credit Inquiries.</B> Each Company Party hereby authorizes the Purchasers (but they shall have no obligation) to respond to

usual and customary credit inquiries from third parties concerning any Company Party.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Form D; Blue Sky Filings</B>. The Company agrees to timely file a Form D with respect to the Securities as required under Regulation

D and to provide a copy thereof, promptly upon request of any Purchaser. The Company shall take such action as the Company shall

reasonably determine is necessary in order to obtain an exemption for, or to qualify the Securities for, sale to the Purchasers

at the Closing under applicable securities or &ldquo;Blue Sky&rdquo; laws of the states of the United States, and shall provide

evidence of such actions promptly upon request of any Purchaser. The Lead Investor shall provide the Company with such information

as it may require in connection to make such filing and to obtain such exemptions and/or qualifications.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Resale Registration Statement. </B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As soon as practicable (and in any event within one hundred and eighty (180) calendar days of the date on which the Initial Public

Offering closes (the &ldquo;<B>Filing Date</B>&rdquo;)), the Company shall file a registration statement on Form S-1 (the &ldquo;<B>Resale

Registration Statement</B>&rdquo;) providing for the resale by the Purchasers of the Conversion Shares, the Warrants and the Warrant

Shares or shall include such Conversion Shares, Warrants and Warrant Shares in any other registration statement on Form S-1 filed

by the Company. The Company shall use commercially reasonable efforts to cause such registration to become effective within sixty

(60) days following the Filing Date (unless the Commission notified the Company that it will perform a &ldquo;full&rdquo; review

of the Resale Registration Statement, in which case the Company shall cause such registration to become effective within ninety

(90) days following the Filing Date such 60-day or 90-day period is referred to as the &ldquo;<B>Effectiveness Date</B>&rdquo;),

and to keep such Resale Registration Statement effective at all times (except for any periods in connection with the filing of

post-effective amendments as reasonably determined by Company&rsquo;s counsel to be required) until no Purchaser owns any Warrants

and Warrant Shares issuable upon exercise of the Warrants.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If: (i) the Resale Registration Statement is not filed on or prior to its Filing Date, (ii) if the Company fails to file with

the Commission a request for acceleration of the Resale Registration Statement in accordance with Rule 461 promulgated by the

Commission pursuant to the Securities Act, within five (5) Trading Days of the date that the Company is notified (orally or in

writing, whichever is earlier) by the Commission that such Resale Registration Statement will not be &ldquo;reviewed&rdquo; or

will not be subject to further review, or (iii) a Resale Registration Statement registering for resale all of the Securities to

be registered thereunder (the &ldquo;<B>Registrable Securities</B>&rdquo;) is not declared effective by the Commission by the

Effectiveness Date, or (iv) after the effective date of the Resale Registration Statement, such Resale Registration Statement

ceases for any reason to remain continuously effective as to all Registrable Securities included in such Resale Registration Statement,

or the holders of the Registrable Securities (the &ldquo;<B>Holders</B>&rdquo;) are otherwise not permitted to utilize the prospectus

included therein to resell such Registrable Securities, for more than ten (10) consecutive calendar days or more than an aggregate

of fifteen (15) calendar days (which need not be consecutive calendar days) during any 12-month period (any such failure or breach

being referred to as an &ldquo;<B>Event</B>&rdquo;, and for purposes of clauses (i) and (iii), the date on which such Event occurs,

and for purpose of clause (ii) the date on which such five (5) Trading Day period is exceeded, and for purpose of clause (iv)

the date on which such ten (10) or fifteen (15) calendar day period, as applicable, is exceeded being referred to as an &ldquo;<B>Event

Date</B>&rdquo;), then, in addition to any other rights the Holders may have hereunder or under applicable law, on each such Event

Date and on each monthly anniversary of each such Event Date (if the applicable Event shall not have been cured by such date)

until the applicable Event is cured, the Company shall pay to each Holder an amount in cash, as partial liquidated damages and

not as a penalty, equal to the product of 2.0% multiplied by the aggregate Subscription Amount paid by such Holder pursuant to

the Purchase Agreement. If the Company fails to pay any partial liquidated damages pursuant to this Section in full within seven

(7) days after the date payable, the Company will pay interest thereon at a rate of 8% per annum (or such lesser maximum amount

that is permitted to be paid by applicable law) to the Holder, accruing daily from the date such partial liquidated damages are

due until such amounts, plus all such interest thereon, are paid in full. The partial liquidated damages pursuant to the terms

hereof shall apply on a daily pro rata basis for any portion of a month prior to the cure of an Event.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.15&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Lock-Up Agreement from Holders</B>. If requested by the underwriters of the Initial Public Offering, holders of the Notes and

the Warrants agree to execute a lock-up agreement in the same form as set forth in the underwriting agreement in connection with

the Initial Public Offering.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: none">ARTICLE&nbsp;V&nbsp;&nbsp;

</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">COLLATERAL AGENT</FONT></P>



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Appointment.</B> Each Purchaser hereby irrevocably appoints Boswell, to act on its behalf as the Collateral Agent hereunder

and under the other Transaction Documents and authorizes the Collateral Agent to take such actions on its behalf and to exercise

such powers as are delegated to the Collateral Agent by the terms hereof or thereof, together with such actions and powers as

are reasonably incidental thereto. The provisions of this ARTICLE&nbsp;V are solely for the benefit of the Collateral Agent and

the Purchasers, and no Company Party will have any rights as a third-party beneficiary of any of such provisions. It is understood

and agreed that the use of the term &ldquo;agent&rdquo; herein or in any other Transaction Documents (or any other similar term)

with reference to the Collateral Agent is not intended to connote any fiduciary or other implied (or express) obligations arising

under agency doctrine of any Applicable Law. Instead, such term is used as a matter of market custom, and is intended to create

or reflect only an administrative relationship between contracting parties.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Rights as a Purchaser.</B> The Person serving as the Collateral Agent hereunder has the same rights and powers in its capacity

as an Initial Purchaser and Purchaser as any other Initial Purchaser and Purchaser and may exercise the same as though it were

not the Collateral Agent, and the terms &ldquo;Initial Purchaser&rdquo;, &ldquo;Initial Purchasers,&rdquo; &ldquo;Purchaser&rdquo;

or &ldquo;Purchasers&rdquo; will, unless otherwise expressly indicated or unless the context otherwise requires, include the person

serving as the Collateral Agent hereunder in its individual capacity to the extent such Person is an Initial Purchaser or, as

the case may be, Purchaser. Such Person and its Affiliates may accept payments from, lend money to, own securities of, and generally

engage in any kind of business with, the Company, any Company Party or any other Subsidiaries or Affiliates of the Company as

if such Person were not the Collateral Agent hereunder and without any duty to account therefor to the Purchasers.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Exculpatory Provisions.</B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Collateral Agent will not have any duties or obligations except those expressly set forth herein and in the other Transaction

Documents, and its duties hereunder are administrative in nature. Without limiting the generality of the foregoing, the Collateral

Agent:</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;will not be subject to any fiduciary or other implied duties, regardless of whether an Event of Default has occurred and is continuing;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;will not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and

powers expressly contemplated hereby or by the other Transaction Documents that the Collateral Agent is required to exercise as

directed in writing by the Required Holders (or such other number or percentage of the Purchasers as will be expressly provided

for herein or in the other Transaction Documents); <B>provided,</B> that the Collateral Agent will not be required to take any

action that, in its opinion or the opinion of its counsel, may expose the Collateral Agent to liability or that is contrary to

any Transaction Document or any applicable statutes, rules, ordinances, regulations guidance documents, contract terms, and other

requirements of all applicable governmental authorities, including any action that may be in violation of the automatic stay under

any bankruptcy or insolvency; and</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;will not, except as expressly set forth herein and in the other Transaction Documents, have any duty to disclose, and will not

be liable for the failure to disclose, any information relating to the Companies or any of its Subsidiaries or Affiliates that

is communicated to or obtained by the Person serving as the Collateral Agent or any of its Affiliates in any capacity.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Collateral Agent will not be liable for any action taken or not taken by it (i)&nbsp;with the consent or at the request of

the Required Purchasers (or such other number or percentage of the Purchasers as will be necessary, or as the Collateral Agent

believes in good faith will be necessary, under the circumstances), or (ii)&nbsp;in the absence of its own gross negligence or

willful misconduct as determined by a court of competent jurisdiction by final and nonappealable judgment. The Collateral Agent

will be deemed not to have knowledge of any Event of Default unless and until notice describing such Event of Default is given

to the Collateral Agent in writing by the Companies or a Purchaser.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Collateral Agent will not be responsible for or have any duty to ascertain or inquire into (i)&nbsp;any statement, warranty

or representation made in or in connection with this Agreement or any other Transaction Document, (ii)&nbsp;the contents of any

certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii)&nbsp;the

performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the

occurrence of any Event of Default, (iv)&nbsp;the validity, enforceability, effectiveness or genuineness of this Agreement, any

other Transaction Document or any other agreement, instrument or document or (v)&nbsp;the satisfaction of any condition set forth

herein, other than to confirm receipt of items expressly required to be delivered to the Collateral Agent.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Reliance by Collateral Agent</B>. The Collateral Agent will be entitled to rely upon, and will not incur any liability for

relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic

message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent

or otherwise authenticated by the proper Person. The Collateral Agent also may rely upon any statement made to it orally or by

telephone and believed by it to have been made by the proper Person, and will not incur any liability for relying thereon. In

determining compliance with any condition hereunder that by its terms must be fulfilled to its satisfaction, the Collateral Agent

may make such determination in its sole discretion, and in determining compliance with any condition hereunder that by its terms

must be fulfilled to the satisfaction of a Purchaser, the Collateral Agent may presume that such condition is satisfactory to

such Purchaser unless the Collateral Agent has received notice to the contrary from such Purchaser prior to the issuance of the

Notes. The Collateral Agent may consult with legal counsel (who may be counsel for the Companies), independent accountants and

other experts selected by it, and will not be liable for any action taken or not taken by it in accordance with the advice of

any such counsel, accountants or experts.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Delegation of Duties</B>. The Collateral Agent may perform any and all of its duties and exercise its rights and powers hereunder

or under any other Transaction Document by or through any one or more sub-agents appointed by the Collateral Agent. The Collateral

Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective

Affiliates. The exculpatory provisions of this Section&nbsp;will apply to any such sub-agent and to the Affiliates of the Collateral

Agent and any such sub-agent, and will apply to their respective activities in connection with the syndication of the facility

as well as activities as Collateral Agent. The Collateral Agent will not be responsible for the negligence or misconduct of any

sub-agents except to the extent that a court of competent jurisdiction determines in a final and nonappealable judgment that the

Collateral Agent acted with gross negligence or willful misconduct in the selection of such sub-agents.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Resignation of Collateral Agent.</B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Collateral Agent may at any time give notice of its resignation to the Purchasers and the Companies, which notice shall set

forth the effective date of such resignation (the &ldquo;<B>Resignation Effective Date</B>&rdquo;), such date not to be earlier

than the thirtieth (30<SUP>th</SUP>) day following the date of such notice. The Required Purchasers and the Companies shall mutually

agree upon a successor to the Collateral Agent. If the Required Purchasers and the Companies are unable to so mutually agree and

no successor shall have been appointed within twenty-five&nbsp;(25) days after the retiring Collateral Agent gives notice of its

resignation, then the retiring Collateral Agent may (but will not be obligated to), on behalf of the Purchasers, appoint a successor

Collateral Agent it shall designate (in its reasonable discretion after consultation with the Companies and the Required Purchasers).

Whether or not a successor has been appointed, such resignation will become effective in accordance with such notice on the Resignation

Effective Date.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With effect from the Resignation Effective Date (i)&nbsp;the retiring Collateral Agent will be discharged from its duties and

obligations hereunder and under the other Transaction Purchasers under any of the Transaction Documents, the retiring Collateral

Agent will continue to hold such Collateral until such time as a successor Collateral Agent is appointed) and (ii)&nbsp;except

for any indemnity payments owed to the retiring Collateral Agent, all payments, communications and determinations provided to

be made by, to or through the Collateral Agent will instead be made by or to each Purchaser directly, until such time, if any,

as the Required Purchasers appoint a successor Collateral Agent as provided for above. Upon the acceptance of a successor&rsquo;s

appointment as Collateral Agent hereunder, such successor will succeed to and become vested with all of the rights, powers, privileges

and duties of the retiring Collateral Agent (other than any rights to indemnity payments owed to the retiring Collateral Agent),

and the retiring Collateral Agent will be discharged from all of its duties and obligations hereunder or under the other Transaction

Documents. The fees payable by the Company to a successor Collateral Agent will be the same as those payable to its predecessor

unless otherwise agreed between the Companies and such successor. After the retiring Collateral Agent&rsquo;s resignation hereunder

and under the other Transaction Documents, the provisions of this Article VI will continue in effect for the benefit of such retiring

Collateral Agent, its sub-agents and their respective Affiliates in respect of any actions taken or omitted to be taken by any

of them while the retiring Collateral Agent was acting as Collateral Agent.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Non-Reliance on Collateral Agent and Other Purchasers</B>. Each Purchaser acknowledges that it has, independently and without

reliance upon the Collateral Agent or any other Purchaser or any of their Affiliates and based on such documents and information

as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Purchaser also acknowledges

that it will, independently and without reliance upon the Collateral Agent or any other Purchaser or any of their Affiliates and

based on such documents and information as it will from time to time deem appropriate, continue to make its own decisions in taking

or not taking action under or based upon this Agreement, any other Transaction Document or any related agreement or any document

furnished hereunder or thereunder<I>.</I></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Collateral Agent May File Proofs of Claim</B>. In case of the pendency of any bankruptcy or insolvency proceeding or any other

judicial proceeding relative to the Company, the Collateral Agent (irrespective of whether the principal of the Notes will then

be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Collateral Agent has made

any demand on the Company) will be entitled and empowered (but not obligated), by intervention in such proceeding or otherwise:</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Notes and all

other obligations that are owing and unpaid hereunder or under any other Transaction Document and to file such other documents

as may be necessary or advisable in order to have the claims of the Purchasers and the Collateral Agent (including any claim for

the reasonable compensation, expenses, disbursements and advances of the Purchasers and the Collateral Agent and their respective

agents and counsel and all other amounts due the Purchasers and the Collateral Agent under this Agreement or any other Transaction

Document) allowed in such judicial proceeding; and</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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



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

custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is

hereby authorized by each Purchaser to make any payments of the type described above in this <B>Section&nbsp;5.8</B> to the Collateral

Agent and, in the event that the Collateral Agent consents to the making of such payments directly to the Purchasers, to pay to

the Collateral Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Collateral Agent

and its agents and counsel, and any other amounts due the Collateral Agent under this Agreement or any other Transaction Document.</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Indemnification. </B>Each Purchaser agrees to indemnify the Collateral Agent and each of its Related Parties (to the extent

not reimbursed by the Borrower), from and against such Purchaser&rsquo;s aggregate ratable share (based on the principal amount

of the Notes held by the Purchasers) of any and all Losses that may be imposed on, incurred by, or asserted against, the Collateral

Agent or any of its Related Parties in any way relating to or arising out of this Agreement or the other Transaction Documents

or any action taken or omitted by the Collateral Agent under this Agreement or the other Transaction Documents; <B>provided</B>,

that no Purchaser shall be liable for any portion of such Losses resulting from the Collateral Agent&rsquo;s or such Related Party&rsquo;s

gross negligence or willful misconduct as finally determined by a court of competent jurisdiction. Without limiting the foregoing,

each Purchaser agrees to reimburse the Collateral Agent and its Related Parties promptly upon demand for its ratable share of

any out-of-pocket expenses (including fees, expenses and disbursements of financial and legal advisors) incurred by the Collateral

Agent in connection with the preparation, execution, delivery, administration, modification, amendment or enforcement (whether

through negotiations, legal proceedings or otherwise) of, or legal advice in respect of its rights or responsibilities under,

this Agreement or the other Transaction Documents, to the extent that the Collateral Agent is not reimbursed for such expenses

by the Company or another Company Party.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Collateral Matters; Appointment of Collateral Agent under other Transaction Documents. </B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Without limiting the provisions of <B>Section&nbsp;5.8</B>, the Purchasers irrevocably agree as follows:</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Collateral Agent is authorized, at its option and in its discretion, to release any Lien on any property granted to or held

by the Collateral Agent under any Transaction Document (A)&nbsp;on the date when all obligations have been satisfied in full in

cash (other than obligations under the Warrant and contingent obligations as to which no claims have been asserted), (B)&nbsp;that

is sold or otherwise disposed of or to be sold or otherwise disposed of as part of or in connection with any sale or other disposition

permitted under the Transaction Documents, and</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon request by the Collateral Agent at any time, each Purchaser will confirm in writing the Collateral Agent&rsquo;s authority

to release or subordinate its interest in particular types or items of Collateral.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Collateral Agent will not be responsible for or have a duty to ascertain or inquire into any representation or warranty regarding

the existence, value or collectability of the Collateral, the existence, priority or perfection of the Collateral Agent&rsquo;s

lien thereon, or any certificate prepared by any Obligor in connection therewith, nor will the Collateral Agent be responsible

or liable to the Purchasers for any failure to monitor or maintain any portion of the Collateral.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Purchaser hereby appoints the Collateral Agent as its collateral agent under each of the Transaction Documents and agrees

that, in so acting, the Collateral Agent will have all of the rights, protections, exculpations, indemnities and other benefits

provided to the Collateral Agent under this Agreement, and hereby authorizes and directs the Collateral Agent, on behalf of such

Purchaser and all Purchasers, without the necessity of any notice to or further consent from any of the Purchaser, from time to

time to (i)&nbsp;take any action with respect to any collateral or any Transaction Document which may be necessary to perfect

and maintain perfected the liens on the collateral granted pursuant to any such Transaction Document or protect and preserve the

Collateral Agent&rsquo;s ability to enforce the liens or realize upon the collateral, (ii)&nbsp;act as collateral agent for each

Purchaser that is a secured party for purposes of acquiring, holding, enforcing and perfecting all Liens created by the Transaction

Documents and all other purposes stated therein, (iii)&nbsp;enter into non-disturbance or similar agreements in connection with

licensing agreements and arrangements permitted by this Agreement and the other Transaction Documents and (iv)&nbsp;otherwise

to take or refrain from taking any and all action that the Collateral Agent shall deem necessary or advisable in fulfilling its

role as Collateral Agent under any of the Transaction Documents.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: none">ARTICLE&nbsp;VI </FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MISCELLANEOUS </FONT></P>



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Termination and Survival</B>. This Agreement may be terminated by each Purchaser, as to the Purchaser&rsquo;s obligations hereunder

only and without any effect whatsoever on the obligations between the Company and the other Purchasers, by written notice to the

Company and the other Purchasers, if the Closing has not occurred on or before April 15, 2023. Termination of this Agreement will

not affect the right of any party to sue for any breach by any other party (or parties) prior to such termination. The representations

and warranties, covenants and other provisions hereof shall survive the Closing and the delivery of the Securities. Notwithstanding

any termination of any Transaction Document, the reimbursement and indemnities to which the Purchaser Parties are entitled under

the provisions of any Transaction Document shall continue in full force and effect and shall protect the Purchaser Parties against

events arising after such termination as well as before.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Fees and Expenses</B>. Each party shall pay the fees and expenses of its advisers, counsel, accountants and other experts,

if any, and all other expenses incurred by such party incident to the negotiation, preparation, execution, delivery and performance

of the Transaction Documents. The Company shall pay all stamp and other taxes and duties levied in connection with the sale of

the Note and the Warrant. The foregoing shall not be construed to limit any other provisions of the Transaction Documents regarding

indemnification and costs and expenses to be paid by the Company Parties.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Modifications and Signatures</B>. No waiver of any default with respect to any provision, condition or requirement of this

Agreement shall be deemed to be a continuing waiver in the future or a waiver of any subsequent default or a waiver of any other

provision, condition or requirement hereof, nor shall any delay or omission of any party to exercise any right hereunder in any

manner impair the exercise of any such right. Any modification effected in accordance with accordance with this <B>Section&nbsp;6.3

</B>shall be binding upon each Purchaser and holder of Securities and the Company.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Entire Agreement.</B> This Agreement and the other Transaction Documents contain and constitute the entire agreement of the

parties with respect to the subject matter hereof and supersede all prior negotiations, agreements, and understandings, whether

written or oral, of the parties hereto, which the parties acknowledge have been merged into such documents. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Amendments</B>. No amendment, modification or termination of any provision of this Agreement or any other Transaction Document

shall be effective without the written consent of the Company and the Required Purchasers (or such other number of Purchasers

as expressly stated in other provisions of the Transaction Documents); <B>provided</B>, that (i) if any amendment, modification

or waiver disproportionately and adversely impacts a Purchaser (or group of Purchasers), the consent of holders of a majority

of the principal amount of the Notes held by such disproportionately impacted Purchaser (or group of Purchasers) shall also be

required and (ii) this clause (b) may only be modified with the consent of all Purchasers. No waiver or consent shall be effective

against any party unless given in writing and then any such waiver shall then be effective only in the specific instance and for

the specific purpose for which it was given. Where the consent or waiver of the Purchasers generally (and not each Purchaser)

is required, it may be given by the Required Purchasers.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Successors and Assigns.</B> This Agreement shall bind and inure solely to the benefit of the Company Parties, the Purchaser

Parties, and their respective successors and, if permitted, assigns; <B>provided</B>, that the Company Parties may not assign

this Agreement or any other Transaction Document or any rights or obligations hereunder or thereunder without the Required Purchaser&rsquo;s

prior written consent and any prohibited assignment shall be absolutely void. Unless otherwise expressly provided in any Transaction

Document, each Purchaser may sell, assign, transfer, negotiate or grant participations in all or any part of, or any interest

in, or any right or remedy under, the Securities and the Transaction Documents without the consent of the Company Parties; <B>provided</B>,

that any transferee of the Securities shall agree in writing to be bound, with respect to the transferred Securities, by the provisions

of the Transaction Documents that apply to the &ldquo;Purchaser&rdquo; (and any attempt to effect such transfer without securing

such agreement shall be null and void).</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>No Waiver by Course of Dealing</B><I>.</I> No notice to or demand on any Company Party, whether or not in any Proceeding, pursuant

to any Transaction Document shall entitle any Company Party to any other or further notice (except as specifically required hereunder

or under any other Transaction Document) or demand in similar or other circumstances. The failure by any Purchaser Party at any

time or times to require strict performance by any Company Party of any provision of this Agreement or any of the other Transaction

Documents or the granting of any waiver or indulgence shall not waive, affect or otherwise diminish any right of any Purchaser

Party thereafter to demand strict compliance and performance with such provision, shall not affect or be a waiver under any other

provision of any Transaction Document except as specifically mentioned and shall not constitute a course of dealing by such Purchaser

Party at variance with the terms of this Agreement or any other Transaction Document (and therefore, among other things, shall

not require further notice by such Purchaser Party of its intent to require strict adherence to the terms of such Transaction

Document in the future). Any such actions shall not in any way affect the ability of each Purchaser Party, in its discretion,

to exercise any rights available to it under this Agreement, the other Transaction Documents or under applicable Regulations.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Execution in Counterparts</B>. This Agreement may be executed in counterparts and by different parties on separate counterparts,

each of which, when executed and delivered, shall be deemed to be an original, and both of which, when taken together, shall constitute

but one and the same Agreement. In proving this Agreement in any judicial proceedings, it shall not be necessary to produce or

account for more than one such counterpart signed by the party against whom such enforcement is sought. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Electronic Signatures</B><I>. </I>Each party agrees that the electronic signatures, whether digital or encrypted, of the parties

included in this Agreement or any other Transaction Document are intended to authenticate this writing and to have the same force

and effect as manual signatures. Electronic signature means any electronic sound, symbol, or process attached to or logically

associated with a record and executed and adopted by a party with the intent to sign such record, including facsimile or email

electronic signatures. The Borrower expressly agrees that this Agreement and all other Transaction Documents are &ldquo;transferable

records&rdquo; as defined in applicable Regulations relating to electronic transaction and that it may be created, authenticated,

stored, transmitted and transferred in a manner consistent with and permitted by such applicable Regulations. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Notices.</B> Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall

be in writing and shall be deemed given and effective on the earliest of: (a) the time of transmission, if such notice or communication

is delivered via email attachment at the email address as set forth on the signature pages attached hereto at or prior to 5:30

p.m. (New York City time) on a Business Day, (b) the next Business Day after the time of transmission, if such notice or communication

is delivered via email attachment as set forth on the signature pages attached hereto on a day that is not a Business Day or later

than 5:30 p.m. (New York City time) on any Business Day, (c) the second (2nd) Business Day following the date of mailing, if sent

by U.S. nationally recognized overnight courier service or (d) upon actual receipt by the party to whom such notice is required

to be given. The address for such notices and communications shall be as set forth on the signature pages attached hereto.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>[Reserved]</B>.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Governing Law. </B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Except as otherwise expressly provided in any other Transaction Document, this Agreement, the other Transaction Documents and

all claims, Proceedings and matters arising hereunder or thereunder or related hereto or thereto are governed by, and construed

and enforced in accordance with, the laws of the State of Delaware. </B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any Proceeding with respect to any Transaction Document may be brought exclusively in the Delaware State courts sitting in New

Castle County or the federal courts of the United States of America for the District of Delaware and sitting in New Castle County.

Each Company Party (i) accepts for itself and in respect of its property, generally and unconditionally, the non-exclusive jurisdiction

of such courts, (ii) irrevocably waives any objection, including any objection to the laying of venue, based on the grounds of

forum <I>non conveniens</I> or that such jurisdiction is improper or otherwise that such party is not subject to the jurisdiction

of such courts, that it may now or hereafter have to the bringing of any Proceeding in those jurisdictions, (iii) irrevocably

consents to the service of process of any court referred to above in any Proceeding by the mailing of copies of the process to

the parties hereto as provided in <B>Section&nbsp;5.4 </B>and (iv) agrees that a final judgment in any such Proceeding shall be

conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Service

effected as provided in this manner will become effective ten (10) calendar days after the mailing of the process. Notwithstanding

the foregoing, nothing contained in any Transaction Document shall affect the right of any Purchaser Party to serve process in

any other manner permitted by applicable Regulations or commence Proceedings or otherwise proceed against any Company Party in

any other jurisdiction.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Severability</B>. Any provision of any Transaction Document being held illegal, invalid or unenforceable in any jurisdiction

shall not affect any part of such provision not held illegal, invalid or unenforceable, any other provision of any Transaction

Document or any part of such provision in any other jurisdiction, so long as the economic or legal substance of the transactions

contemplated hereby is not affected in any manner adverse to any party. In addition, upon any determination that any such term

or other provision is invalid, illegal or incapable of being enforced, the parties hereto will negotiate in good faith to modify

the relevant Transaction Document so as to effect the original intent of the parties as closely as possible in an acceptable manner

to the end that the transactions contemplated hereby are fulfilled to the extent possible.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Rescission and Withdrawal Right</B>. Notwithstanding anything to the contrary contained in (and without limiting any similar

provisions of) any of the other Transaction Documents, whenever any Purchaser exercises a right, election, demand or option under

a Transaction Document and the Company does not timely perform its related obligations within the periods therein provided, then

such Purchaser may rescind or withdraw, in its sole discretion from time to time upon written notice to the Company, any relevant

notice, demand or election in whole or in part without prejudice to its future actions and rights; <B>provided</B>, that in the

case of a rescission of a conversion of any Note, such Purchaser shall be required to return any shares of Common Stock subject

to any such rescinded conversion notice.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Replacement of Securities</B>. If any certificate or instrument evidencing any Securities is mutilated, lost, stolen or destroyed,

the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof (in the case of mutilation),

or in lieu of and substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory

to the Company of such loss, theft or destruction. The applicant for a new certificate or instrument under such circumstances

shall also pay any reasonable third-party costs (including customary indemnity) associated with the issuance of such replacement

Securities.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Remedies. </B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition to being entitled to exercise all rights provided herein or granted by law, including recovery of damages, each Purchaser

(severally and not jointly) and the Company will be entitled to specific performance under the Transaction Documents. The parties

agree that monetary damages may not be adequate compensation for any loss incurred by reason of any breach of obligations contained

in the Transaction Documents and hereby agree to waive and not to assert in any action for specific performance of any such obligation

the defense that a remedy at law would be adequate.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any Company Party shall fail to discharge any covenant, duty or obligation hereunder or under any of the other Transaction

Documents, each Purchaser may, in its discretion at any time, for the account and at the expense of the Company Parties jointly

and severally, pay any amount or do any act required of such Company Party hereunder or under any of the other Transaction Documents

or otherwise lawfully requested by any Purchaser (including buying-in Securities in the principal Trading Market of the Securities

in case of failure by the Company to deliver Convertible Securities). All costs and expenses incurred by any Purchaser in connection

with the taking of any such action shall be reimbursed to such Purchaser by the Company Party on demand with interest at the highest

interest rate applicable to amounts due under the Notes of such Purchaser from the date such payment is made or such costs or

expenses are incurred to the date of payment thereof. Any payment made or other action taken by any Purchaser under this <B>clause&nbsp;(b)

</B>shall be without prejudice to any right to assert, and without waiver of, any breach of any Transaction Document and without

prejudice to any Purchaser Party&rsquo;s right to proceed thereafter as provided herein or in any of the other Transaction Documents.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The remedies provided in this Agreement and all other Transaction Documents shall be cumulative and in addition to all other remedies

available under any Transaction Document, whether at law or in equity (including a decree of specific performance and/or other

injunctive relief). </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nothing in any Transaction Document shall limit the Purchaser Party&rsquo;s rights to pursue actual and consequential damages

for any failure by any Company Party to comply with the terms of this Agreement or any other Transaction Document.&nbsp; </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An Event of Default will cause irreparable harm to the Purchasers and that the remedy at law for any such breach may be inadequate.

Therefore, in the event of any such Event of Default, the Purchasers shall be entitled, in addition to all other available remedies,

to an injunction restraining any such breach or any such threatened breach, without the necessity of showing economic loss and

without any bond or other security being required.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Marshaling; Payment Set Aside</B>. No Purchaser Party shall be under any obligation to marshal any property in favor of any

Company Party or any other party or against or in payment of any amount due under any Transaction Document. To the extent that

any Company Party makes a payment or payments to any Purchaser pursuant to any Transaction Document or any Purchaser Party enforces

or exercises its rights thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof

are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required

to be refunded, repaid or otherwise restored to any Company Party, a trustee, receiver or any other Person under any law (including

any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration

the obligation or part thereof originally intended to be satisfied, and all Liens, rights and remedies therefor, shall be revived

and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Usury</B>. To the extent it may lawfully do so, each Company Party 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 any

Purchaser in order to enforce any right or remedy under any Transaction Document. Notwithstanding any provision to the contrary

contained in any Transaction Document, it is expressly agreed and provided that the total liability of each Company Party under

the Transaction Documents for payments in the nature of interest shall not exceed the maximum lawful rate authorized under applicable

law (the &ldquo;<B>Maximum Rate</B>&rdquo;) 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 any Company Party may be obligated

to pay under the Transaction Documents exceed such Maximum Rate. It is agreed that if the maximum contract rate of interest allowed

by law and applicable to the Transaction Documents is increased or decreased by statute or any official governmental action subsequent

to the date hereof, the new maximum contract rate of interest allowed by law will be the Maximum Rate applicable to the Transaction

Documents from the effective date thereof forward, unless such application is precluded by applicable law. If under any circumstances

whatsoever, interest in excess of the Maximum Rate is paid by any Company Party to any Purchaser Party with respect to indebtedness

evidenced by the Transaction Documents, such excess shall be applied by such Purchaser Party to the unpaid principal balance of

any such indebtedness or be refunded to the Company, the manner of handling such excess to be at such Purchaser&rsquo;s election.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Liquidated Damages</B>. The Company&rsquo;s obligations to pay any partial liquidated damages or other amounts owing under

the Transaction Documents is a continuing obligation of the Company and shall not terminate until all unpaid partial liquidated

damages and other amounts have been paid notwithstanding the fact that the instrument or security pursuant to which such partial

liquidated damages or other amounts are due and payable shall have been canceled.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Further Assurances</B>. The Company Parties agree to take such further actions as each Purchaser shall reasonably request from

time to time in connection herewith to evidence, give effect to or carry out this Agreement and the other Transaction Documents

and any of the transactions contemplated hereby or thereby.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.15&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Interpretation</B>. The parties agree that each of them and/or their respective counsel have reviewed and had an opportunity

to revise the Transaction Documents and, therefore, the normal rule of construction to the effect that any ambiguities are to

be resolved against the drafting party shall not be employed in the interpretation of any Transaction Document. In addition, each

and every reference to share prices and shares of Common Stock in any Transaction Document shall be subject to adjustment for

reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that

occur after the date of this Agreement. Except as otherwise expressly provided in any Transaction Document, if the last or appointed

day for the taking of any action or the expiration of any right required or granted under any Transaction Document shall not be

a Business Day, then such action may be taken or such right may be exercised on the next succeeding Business Day. As used in any

Transaction Document, references to the singular will include the plural and vice versa and references to the masculine gender

will include the feminine and neuter genders and vice versa, as appropriate. When used in any Transaction Document, unless otherwise

expressly provided in such Transaction Document, (a)&nbsp;the words &ldquo;<B>hereof</B>,&rdquo; &ldquo;<B>herein</B>&rdquo; and

&ldquo;<B>hereunder</B>&rdquo; and words of similar import refer to such Transaction Document as a whole and not to any particular

provision of such Transaction Document, (b) recital, article, section, subsection, schedule and exhibit references are references

with respect to such Transaction Document unless otherwise specified, (c) any reference to any agreement shall include a reference

to all recitals, appendices, exhibits and schedules to such agreement and, unless the prior written consent of any party is required

hereunder and is not obtained, shall be a reference to such agreement as waived, amended, restated, supplemented or otherwise

modified and (d)&nbsp;any reference to a specific Regulation shall be to such Regulation, as modified from time to time, together

with any successor or replacement Regulation, in each case as in effect at the time of determination. Unless the context otherwise

requires, when used in any Transaction Document, the following terms have the following meaning: (u) &ldquo;<B>execution</B>,&rdquo;

&ldquo;<B>signed</B>,&rdquo; &ldquo;<B>signature</B>&rdquo; and words of like import shall be deemed to include electronic signatures

and the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as

a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided

for in any applicable Regulation, including the Federal Electronic Signatures in Global and National Commerce Act and any other

similar state Regulation based on the Uniform Electronic Transactions Act, (v) &ldquo;<B>incur</B>&rdquo; means incur, create,

make, issue, assume or otherwise become or remain directly or indirectly liable in respect of or responsible for, in each case

whether directly or indirectly, as primary obligor or guarantor or endorser, and the terms &ldquo;<B>incurrence</B>&rdquo; and

&ldquo;<B>incurred</B>&rdquo; and similar derivatives shall have correlative meanings, (w) &ldquo;<B>knowledge</B>&rdquo; of the

any Company Party means the best knowledge of any officer, director or employee of such Company Party after due inquiry, (x) &ldquo;<B>including</B>&rdquo;

means &ldquo;including, without limitation,&rdquo; (y) &ldquo;<B>asset</B>&rdquo; and &ldquo;<B>property</B>&rdquo; have the same

meaning and mean, &ldquo;collectively, all rights and interests in tangible and intangible assets and properties, whether real,

personal or mixed and including cash, capital stock, revenues, accounts, leasehold interests, contract rights and other rights

under Permits and Contractual Obligations&rdquo; and (z)&nbsp;&ldquo;<B>documents</B>&rdquo; and &ldquo;<B>documentation</B>&rdquo;

have the same meaning and mean &ldquo;collectively, all documents, drafts, instruments, agreements, indentures, certificates,

forms, opinions, powers of attorney, notices, summons, reports, financial statements and other writings, however evidenced, whether

in physical or electronic form.&rdquo; The headings in this Agreement are included for convenience of reference only and will

not affect in any way the meaning or interpretation of this Agreement. All references in this Agreement or any other Transaction

Document to statutes and regulations shall include all amendments of same and implementing regulations and any successor statutes

and regulations; to any instrument or agreement (including any of the Transaction Documents) shall include any and all modifications

and supplements thereto and any and all restatements, extensions or renewals thereof to the extent such modifications, supplements,

restatements, extensions or renewals of any such documents are permitted by the terms hereof and thereof. An Event of Default

shall be deemed to exist at all times during the period commencing on the date that such Event of Default occurs to the date on

which such Event of Default is waived in writing pursuant to the relevant Note or, with respect to any Default, is cured within

any period of cure expressly provided in the relevant Note. Whenever in any provision of any Transaction Document, any Purchaser

is authorized to take or decline to take any action (including making any determination) in the exercise of its &ldquo;<B>discretion</B>,&rdquo;

such provision shall be understood to mean that such Purchaser may take or refrain to take such action in its sole discretion.

References to times of the day in any Transaction Document shall refer to Eastern Time. In the computation of periods of time

from a specified date to a later specified date, the word &ldquo;<B>from</B>&rdquo; means &ldquo;from and including,&rdquo; the

words &ldquo;<B>to</B>&rdquo; and &ldquo;<B>until</B>&rdquo; each mean &ldquo;to but excluding&rdquo; and the word &ldquo;<B>through</B>&rdquo;

means &ldquo;to and including.&rdquo; Time is of the essence of this Agreement and the other Transaction Documents. No provision

of this Agreement or any of the other Transaction Documents shall be construed against or interpreted to the disadvantage of any

party hereto by any Governmental Authority by reason of such party having or being deemed to have structured, drafted or dictated

such provision. &ldquo;<B>month</B>&rdquo; (but not &ldquo;calendar month&rdquo;) means each period from a date of determination

to the day (including the Closing Date itself) in the next calendar month numerically-corresponding to such date (<B>provided,

</B>that, if such calendar month does not have any such numerically-corresponding day, such numerically-corresponding day shall

be deemed to be the last day of such calendar month).</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.16&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Waiver of Jury Trial and Certain Other Rights.</B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>The parties hereto hereby irrevocably and unconditionally waive, to the fullest extent permitted by applicable Regulations,

any right that they may have to trial by jury of any claim or cause of action or in any Proceeding, directly or indirectly based

upon or arising out of this Agreement or any Transaction Document (whether based on contract, tort or any other theory). Each

party (a) certifies that no representative, agent, or attorney of any other party has represented, expressly or otherwise, that

such other parties would not, in the event of litigation, seek to enforce the foregoing waiver and (b) acknowledges that it and

the other parties have been induced to enter into this Agreement and the other Transaction Documents by, among other things, the

mutual waivers and certifications in this section.</B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Company Party acknowledges and agrees that the foregoing waivers are a material inducement to the Purchasers to enter into

and accept this Agreement. Each Company Party has reviewed the foregoing waivers with its legal counsel and has knowingly and

voluntarily waived its jury trial rights following consultation with such legal counsel. In the event of litigation, this Agreement

may be filed as a written consent to a trial by the court. This <B>Section 6.16</B> shall not restrict a party from exercising

remedies under the UCC or from exercising pre-judgment remedies under applicable Regulations.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase; background-color: white"><B><I>[</I></B></FONT><B><I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Signature

Pages Follow<FONT STYLE="text-transform: uppercase">]</FONT></FONT></I></B></P>



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





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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>IN

WITNESS WHEREOF</B>, the parties hereto have caused this Securities Purchase Agreement to be duly executed by their respective

authorized signatories as of the date first written above. </FONT></P>



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



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



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">

<TR STYLE="vertical-align: top; background-color: white">

    <TD STYLE="width: 50%">

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

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

       </TD>

    <TD STYLE="width: 15%; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>

    <TD STYLE="width: 35%; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Address for Notice: 4400 Route 9 South, Suite 1000, Freehold, NJ 07728</FONT></TD></TR>

</TABLE>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;&nbsp;</P>



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">

<TR STYLE="vertical-align: top; background-color: white">

    <TD STYLE="width: 3%; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>

    <TD STYLE="width: 47%; line-height: 115%; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">/s/

    Francis Knuettel II</FONT></TD>

    <TD STYLE="width: 15%; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="width: 3%; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Fax:</FONT></TD>

    <TD STYLE="width: 10%; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="width: 22%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

</TABLE>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">

<TR STYLE="vertical-align: top; background-color: white">

    <TD STYLE="width: 3%; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>

    <TD STYLE="width: 47%">

        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">Name:

Francis Knuettel II&nbsp;</FONT></P>

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

        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">Title:

Chief Financial Officer </FONT></P></TD>

    <TD STYLE="width: 15%; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>

    <TD STYLE="width: 35%">

        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">Email: Frank@chromocell.com</P></TD></TR>

</TABLE>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase; background-color: white"><B><I>[</I></B></FONT><B><I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Signature

Pages for Purchaser Follow<FONT STYLE="text-transform: uppercase">]</FONT></FONT></I></B></P>



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





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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>IN

WITNESS WHEREOF</B>, the undersigned have caused this Securities Purchase Agreement to be duly executed by their respective authorized

signatories as of the date first indicated above.</FONT></P>



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



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



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Name

    of Purchaser:</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; line-height: 115%; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sargeant

    Capital</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%; width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="width: 42%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Signature

    of Authorized Signatory of Purchaser:</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">By:

    </FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/

    Dan Nir</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Name:

    Dan Nir</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Title:

    Managing Partner</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

</TABLE>





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



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Address

for Notices to Purchaser:</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Email:</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">EIN

Number: _______________________ </FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECURITIES PURCHASE AGREEMENT FOR SARGEANT CAPITAL</FONT></P>



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



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



<!-- Field: Page; Sequence: 1 -->

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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P></DIV>

    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>IN

WITNESS WHEREOF</B>, the undersigned have caused this Securities Purchase Agreement to be duly executed by their respective authorized

signatories as of the date first indicated above.</FONT></P>



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



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



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Name

    of Purchaser:</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; line-height: 115%; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Nobi Investments</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%; width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="width: 42%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Signature

    of Authorized Signatory of Purchaser:</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">By:

    </FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Ariel Belilo</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Name:

    Ariel Belilo</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Title:

    Director</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

</TABLE>





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



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Address

for Notices to Purchaser:</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Email:</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">EIN

Number: _______________________ </FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECURITIES PURCHASE AGREEMENT FOR NOBI INVESTMENTS</FONT></P>



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



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



<!-- Field: Page; Sequence: 2 -->

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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P></DIV>

    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>IN

WITNESS WHEREOF</B>, the undersigned have caused this Securities Purchase Agreement to be duly executed by their respective authorized

signatories as of the date first indicated above.</FONT></P>



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



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



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Name

    of Purchaser:</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; line-height: 115%; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Boswell Prayer Ltd.</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%; width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="width: 42%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Signature

    of Authorized Signatory of Purchaser:</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">By:

    </FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Rochelle Gross</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Name:

    Rochelle Gross</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Title: Director</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

</TABLE>





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



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Address

for Notices to Purchaser:</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Email:</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">EIN

Number: _______________________ </FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECURITIES PURCHASE AGREEMENT FOR BOSWELL PRAYER LTD.</FONT></P>



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



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



<!-- Field: Page; Sequence: 3 -->

    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>

    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P></DIV>

    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>IN

WITNESS WHEREOF</B>, the undersigned have caused this Securities Purchase Agreement to be duly executed by their respective authorized

signatories as of the date first indicated above.</FONT></P>



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



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



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Name

    of Purchaser:</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; line-height: 115%; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Motif Pharmaceutical Ltd.</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%; width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="width: 42%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Signature

    of Authorized Signatory of Purchaser:</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">By:

    </FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Zachary Klein</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Name:

    Zachary Klein</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Title:

    Director</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

</TABLE>





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



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Address

for Notices to Purchaser:</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Email:</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">EIN

Number: _______________________ </FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECURITIES PURCHASE AGREEMENT FOR MOTIF PHARMACEUTICAL LTD.</FONT></P>



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



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



<!-- Field: Page; Sequence: 4 -->

    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>

    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P></DIV>

    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>IN

WITNESS WHEREOF</B>, the undersigned have caused this Securities Purchase Agreement to be duly executed by their respective authorized

signatories as of the date first indicated above.</FONT></P>



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



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



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Name

    of Purchaser:</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; line-height: 115%; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Aperture Healthcare Ventures Ltd.</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%; width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="width: 42%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Signature

    of Authorized Signatory of Purchaser:</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">By:

    </FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Avi Wachtsman</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Name:

    Avi Wachtsman</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Title:</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

</TABLE>





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



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Address

for Notices to Purchaser:</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Email:</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">EIN

Number: _______________________ </FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECURITIES PURCHASE AGREEMENT FOR APERTURE HEALTHCARE VENTURES LTD.</FONT></P>



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



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



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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>IN

WITNESS WHEREOF</B>, the undersigned have caused this Securities Purchase Agreement to be duly executed by their respective authorized

signatories as of the date first indicated above.</FONT></P>



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



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



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Name

    of Purchaser:</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; line-height: 115%; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MDB Merchants Park LLC</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%; width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="width: 42%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Signature

    of Authorized Signatory of Purchaser:</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">By:

    </FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Michael Bodner</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Name:

    Michael Bodner</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Title:

    Manager</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

</TABLE>





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



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Address

for Notices to Purchaser:</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Email:</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">EIN

Number: _______________________ </FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECURITIES PURCHASE AGREEMENT FOR MDB MERCHANTS PARK LLC</FONT></P>



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



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



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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>IN

WITNESS WHEREOF</B>, the undersigned have caused this Securities Purchase Agreement to be duly executed by their respective authorized

signatories as of the date first indicated above.</FONT></P>



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



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



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Name

    of Purchaser:</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; line-height: 115%; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">AME Equities LLC</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%; width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="width: 42%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Signature

    of Authorized Signatory of Purchaser:</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">By:

    </FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Ruth Friedman</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Name:

    Ruth Friedman</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Title:

    Managing Member</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

</TABLE>





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



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Address

for Notices to Purchaser:</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Email:</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">EIN

Number: _______________________ </FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECURITIES PURCHASE AGREEMENT FOR AME EQUITIES LLC</FONT></P>



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



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



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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>IN

WITNESS WHEREOF</B>, the undersigned have caused this Securities Purchase Agreement to be duly executed by their respective authorized

signatories as of the date first indicated above.</FONT></P>



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



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



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Name

    of Purchaser:</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; line-height: 115%; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Hamilcar Portfolio</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%; width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="width: 42%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Signature

    of Authorized Signatory of Purchaser:</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">By:

    </FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Saul Simao Valt</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Name:

    Saul Simao Valt</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Title:

    Owner</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

</TABLE>





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



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Address

for Notices to Purchaser:</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Email:</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">EIN

Number: _______________________ </FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECURITIES PURCHASE AGREEMENT FOR HAMILCAR PORTFOLIO</FONT></P>



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



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



<!-- Field: Page; Sequence: 8 -->

    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>

    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P></DIV>

    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>IN

WITNESS WHEREOF</B>, the undersigned have caused this Securities Purchase Agreement to be duly executed by their respective authorized

signatories as of the date first indicated above.</FONT></P>



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



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



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Name

    of Purchaser:</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; line-height: 115%; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">David E. Danovitch</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%; width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="width: 42%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Signature

    of Authorized Signatory of Purchaser:</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">By:

    </FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ David Danovitch</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Name:

    David Danovitch</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Title:

    An Individual</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

</TABLE>





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



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Address

for Notices to Purchaser:</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Email:</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">EIN

Number: _______________________ </FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECURITIES PURCHASE AGREEMENT FOR DAVID DANOVITCH</FONT></P>



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



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



<!-- Field: Page; Sequence: 9 -->

    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>

    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P></DIV>

    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>IN

WITNESS WHEREOF</B>, the undersigned have caused this Securities Purchase Agreement to be duly executed by their respective authorized

signatories as of the date first indicated above.</FONT></P>



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



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



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Name

    of Purchaser:</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; line-height: 115%; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">John H. Riley</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%; width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="width: 42%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Signature

    of Authorized Signatory of Purchaser:</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">By:

    </FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ John Riley</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Name:

    John Riley</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Title:

    N/A</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

</TABLE>





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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Address

for Notices to Purchaser:</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Email:</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">EIN

Number: _______________________ </FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECURITIES PURCHASE AGREEMENT FOR JOHN RILEY</FONT></P>



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



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



<!-- Field: Page; Sequence: 10 -->

    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>

    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P></DIV>

    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>IN

WITNESS WHEREOF</B>, the undersigned have caused this Securities Purchase Agreement to be duly executed by their respective authorized

signatories as of the date first indicated above.</FONT></P>



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



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



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Name

    of Purchaser:</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; line-height: 115%; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DB Investor Group LLC</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%; width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="width: 42%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Signature

    of Authorized Signatory of Purchaser:</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">By:

    </FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ David Bocchi</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Name:

    David Bocchi</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Title:

    Trustee</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

</TABLE>





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



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Address

for Notices to Purchaser:</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Email:</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">EIN

Number: _______________________ </FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECURITIES PURCHASE AGREEMENT FOR DB INVESTOR GROUP LLC</FONT></P>



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



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



<!-- Field: Page; Sequence: 11 -->

    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>

    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P></DIV>

    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>IN

WITNESS WHEREOF</B>, the undersigned have caused this Securities Purchase Agreement to be duly executed by their respective authorized

signatories as of the date first indicated above.</FONT></P>



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



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



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Name

    of Purchaser:</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; line-height: 115%; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chromocell Corporation</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%; width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="width: 42%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Signature

    of Authorized Signatory of Purchaser:</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">By:

    </FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid">/s/ Christian Kopfli</TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Name: Christian Kopfli</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Title: &nbsp;<FONT STYLE="background-color: white">Director</FONT></FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

</TABLE>





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



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Address

for Notices to Purchaser:</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Email:</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">EIN

Number: _______________________ </FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECURITIES PURCHASE AGREEMENT FOR CHROMOCELL CORPORATION</FONT></P>



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



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



<!-- Field: Page; Sequence: 12 -->

    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>

    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P></DIV>

    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>IN

WITNESS WHEREOF</B>, the undersigned have caused this Securities Purchase Agreement to be duly executed by their respective authorized

signatories as of the date first indicated above.</FONT></P>



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



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



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Name

    of Purchaser:</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; line-height: 115%; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Balmoral Financial Group LLC</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%; width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="width: 42%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Signature

    of Authorized Signatory of Purchaser:</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">By:

    </FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Ezra Friedberg</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Name:

    Ezra Friedberg</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2" STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Title:

    General Partner</FONT></TD>

    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>

</TABLE>





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



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Address

for Notices to Purchaser:</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Email:</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">EIN

Number: _______________________ </FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECURITIES PURCHASE AGREEMENT FOR BALMORAL FINANCIAL GROUP LLC</FONT></P>



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

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



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



<!-- Field: Page; Sequence: 13 -->

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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P></DIV>

    <!-- Field: /Page -->





<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #1F497D">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>IN WITNESS WHEREOF</B>, the undersigned
have caused this Securities Purchase Agreement to be duly executed by their respective authorized signatories as of the date first indicated
above. </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Balmoral Financial Group LLC,</FONT></TD>
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
  <TD STYLE="width: 27%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
  <TD STYLE="width: 70%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">as designee of Lead Investor</FONT></TD>
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
  <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">/s/
  Ezra Friedberg</FONT></TD>
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: <FONT STYLE="background-color: white">Ezra Friedberg</FONT></FONT></TD>
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Title: General Partner</FONT></TD>
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
  <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>

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

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



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



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #1F497D"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #1F497D"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>SCHEDULE
I</B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #1F497D"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #1F497D"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>PURCHASERS</B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #1F497D"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">

<TR STYLE="vertical-align: top; background-color: #4BACC6; font: 10pt Times New Roman, Times, Serif">

    <TD STYLE="width: 31%; border-top: #4BACC6 1pt solid; border-bottom: #4BACC6 1pt solid; border-left: #4BACC6 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>1
    - Name of Purchaser</B></FONT></TD>

    <TD STYLE="width: 22%; border-top: #4BACC6 1pt solid; border-bottom: #4BACC6 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>2
    - Initial Principal Amount of Notes</B></FONT></TD>

    <TD STYLE="width: 24%; border-top: #4BACC6 1pt solid; border-bottom: #4BACC6 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>3
    &ndash; Number of Warrants<SUP>1</SUP></B></FONT></TD>

    <TD STYLE="width: 23%; border-top: #4BACC6 1pt solid; border-right: #4BACC6 1pt solid; border-bottom: #4BACC6 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>4
    &ndash; Subscription Amount</B></FONT></TD></TR>

<TR STYLE="vertical-align: top; background-color: #DAEEF3; font: 10pt Times New Roman, Times, Serif">

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; border-left: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Boswell
    Prayer Ltd.</B></FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$52,055.00</FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$52,055.00</FONT></TD></TR>

<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; border-left: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Motif
    Pharmaceuticals Ltd.</B></FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$57,186.81</FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$57,186.81</FONT></TD></TR>

<TR STYLE="vertical-align: top; background-color: #DAEEF3; font: 10pt Times New Roman, Times, Serif">

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; border-left: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Aperture
    Healthcare Ventures Ltd.</B></FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$51,827.74</FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$51,827.74</FONT></TD></TR>

<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; border-left: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MDB
    Merchants Park LLC</B></FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$30,318.25</FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$30,318.25</FONT></TD></TR>

<TR STYLE="vertical-align: top; background-color: #DAEEF3; font: 10pt Times New Roman, Times, Serif">

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; border-left: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Balmoral
    Financial Group LLC</B></FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$60,759.40</FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$60,759.40</FONT></TD></TR>

<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; border-left: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>AME
    EQUITIES LLC</B></FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$53,331.26</FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$53,331.26</FONT></TD></TR>

<TR STYLE="vertical-align: top; background-color: #DAEEF3; font: 10pt Times New Roman, Times, Serif">

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; border-left: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Chromocell
    Corp</B></FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$50,000.00</FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$50,000.00</FONT></TD></TR>

<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; border-left: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Sargeant
    Capital</B></FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$7,145.28</FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$7,145.28</FONT></TD></TR>

<TR STYLE="vertical-align: top; background-color: #DAEEF3; font: 10pt Times New Roman, Times, Serif">

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; border-left: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Hamilcar
    Portfolio</B></FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$5,358.96</FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$5,358.96</FONT></TD></TR>

<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; border-left: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>David
    Danovitch</B></FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$7,516.53</FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$7,516.53</FONT></TD></TR>

<TR STYLE="vertical-align: top; background-color: #DAEEF3; font: 10pt Times New Roman, Times, Serif">

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; border-left: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>John
    Riley</B></FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$7,516.53</FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$7,516.53</FONT></TD></TR>

<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; border-left: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Nobi
    Investments</B></FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6,741.58</FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6,741.58</FONT></TD></TR>

<TR STYLE="vertical-align: top; background-color: #DAEEF3; font: 10pt Times New Roman, Times, Serif">

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; border-left: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>DB
    Investor</B></FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$4,050.65</FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="border-right: #92CDDC 1pt solid; border-bottom: #92CDDC 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$4,050.65</FONT></TD></TR>

</TABLE>

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



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>1
</SUP>50% of the Forfeited Shares, allotted pro rata to each Initial Purchaser.&nbsp;</FONT></P>





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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>EXHIBIT
A</B></FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>FORM
OF NOTE</B></FONT></P>



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    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt; color: #1F497D"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;&nbsp;</B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NEITHER
THIS SECURITY NOR THE SECURITIES INTO WHICH THIS SECURITY IS CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION
OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE &ldquo;SECURITIES ACT&rdquo;), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS
OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. THIS SECURITY AND THE SECURITIES ISSUABLE UPON CONVERSION
OF THIS SECURITY MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN SECURED BY SUCH SECURITIES.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Issue
Date: April 17, 2023&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Principal
Amount: <B>US$[ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;]</B></FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>SENIOR
SECURED CONVERTIBLE PROMISSORY NOTE&nbsp;</B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>DUE
October 17, 2023</B></FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">THIS
SENIOR SECURED CONVERTIBLE PROMISSORY NOTE is a duly authorized and validly issued Senior Secured Convertible Promissory Note of CHROMOCELL
THERAPEUTICS CORPORATION, a Delaware corporation (the &ldquo;<U>Company</U>&rdquo;), designated as its Senior Secured Convertible Promissory
Note due on or after October 17, 2023 (this &ldquo;<U>Note</U>&rdquo;). This Note is one of a series of convertible notes issued pursuant
to the terms of the Purchase Agreement. Capitalized terms used and not otherwise defined herein shall have the meanings set forth for
such terms in the Purchase Agreement.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FOR
VALUE RECEIVED, the Company promises to pay to [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;], or its registered assigns
(the &ldquo;<U>Holder</U>&rdquo;), or shall have paid pursuant to the terms hereunder, the principal sum of US$[&nbsp;&nbsp;] and any
other sums due hereunder anytime on or after October 17, 2023 (the &ldquo;<U>Maturity Date</U>&rdquo;), or such earlier date as this
Note is required or permitted to be repaid as provided hereunder, and to pay interest to the Holder on the aggregate unconverted and
then outstanding principal amount of this Note in accordance with the provisions hereof. This Note is subject to the following additional
provisions.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NOW
THEREFORE, the Holder hereby agrees as follows:</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
1</U>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Definitions</U>. Terms not otherwise defined herein
shall have the meanings given to them in the Purchase Agreement. For the purposes hereof, in addition to the terms defined in the Purchase
Agreement and elsewhere in this Note, the following terms shall have the following meanings:</FONT></P>



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



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U>Bankruptcy
Event</U>&rdquo; means any of the following events: (a) the Company commences a case or other proceeding under any bankruptcy, reorganization,
arrangement, adjustment of debt, relief of debtors, dissolution, insolvency or liquidation or similar law of any jurisdiction relating
to the Company or any Significant Subsidiary thereof, (b) there is commenced against the Company or any Significant Subsidiary thereof
any such case or proceeding that is not dismissed within sixty (60) days after commencement, (c) the Company or any Significant Subsidiary
thereof is adjudicated insolvent or bankrupt or any order of relief or other order approving any such case or proceeding is entered,
(d) the Company or any Significant Subsidiary thereof suffers any appointment of any custodian or the like for it or any substantial
part of its property that is not discharged or stayed within sixty (60) calendar days after such appointment, (e) the Company or any
Significant Subsidiary thereof makes a general assignment for the benefit of creditors, (f) the Company or any Significant Subsidiary
thereof calls a meeting of its creditors with a view to arranging a composition, adjustment or restructuring of its debts, (g) the Company
or any Significant Subsidiary thereof admits in writing that it is generally unable to pay its debts as they become due, (h) the Company
or any Significant Subsidiary thereof, by any act or failure to act, expressly indicates its consent to, approval of or acquiescence
in any of the foregoing or takes any corporate or other action for the purpose of effecting any of the foregoing.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U>Change
of Control Transaction</U>&rdquo; means the occurrence after the date hereof of any of the following: (a) an acquisition after the date
hereof by an individual or legal entity or &ldquo;group&rdquo; (as described in Rule 13d-5(b)(1) promulgated under the Exchange Act)
of effective control (whether through legal or beneficial ownership of capital stock of the Company, by contract or otherwise) of in
excess of fifty percent (50%) of the voting securities of the Company (other than by means of conversion or exercise of the Note), (b)
the Company merges into or consolidates with any other Person, or any Person merges into or consolidates with the Company and, after
giving effect to such transaction, the stockholders of the Company immediately prior to such transaction own less than fifty-one percent
(51%) of the aggregate voting power of the Company or the successor entity of such transaction, (c) the Company sells or transfers all
or substantially all of its assets to another Person and the stockholders of the Company immediately prior to such transaction own less
than fifty-one percent (51%) of the aggregate voting power of the acquiring entity immediately after the transaction, , or (d) the execution
by the Company of an agreement to which the Company is a party or by which it is bound, providing for any of the events set forth in
clauses (a) through (c) above.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U>Conversion
Shares</U>&rdquo; means, collectively, the shares of Common Stock issuable upon Conversion of this Note in accordance with the terms
hereof.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U>Exchange
Act</U>&rdquo; means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U>Financial
Investor</U>&rdquo; means any investor or series of Affiliated investors whose primary business is the investment of capital for financial
gain (including venture capital funds, private equity funds, pension funds and sovereign wealth funds).</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U>Fundamental
Transaction</U>&rdquo; means (A) that the Company shall, directly or indirectly, including through subsidiaries, Affiliates or otherwise,
in one or more related transactions, (i) consolidate or merge with or into (whether or not the Company is the surviving corporation)
another Subject Entity, or (ii) sell, assign, transfer, convey or otherwise dispose of all or substantially all of the properties or
assets of the Company or any of its &ldquo;significant subsidiaries&rdquo; (as defined in Rule 1-02 of Regulation S-X) to one or more
Subject Entities, or (iii) make, or allow one or more Subject Entities to make, or allow the Company to be subject to or have its shares
of Common Stock be subject to or party to one or more Subject Entities making, a purchase, tender or exchange offer that is accepted
by the holders of at least either (x) 50% of the outstanding shares of Common Stock, (y) 50% of the outstanding shares of Common Stock
calculated as if any shares of Common Stock held by all Subject Entities making or party to, or Affiliated with any Subject Entities
making or party to, such purchase, tender or exchange offer were not outstanding; or (z) such number of shares of Common Stock such that
all Subject Entities making or party to, or Affiliated with any Subject Entity making or party to, such purchase, tender or exchange
offer, become collectively the beneficial owners (as defined in Rule 13d-3 under the Exchange Act) of at least 50% of the outstanding
shares of Common Stock, or (iv) consummate a stock or share purchase agreement or other business combination (including, without limitation,
a reorganization, recapitalization, spin- off or scheme of arrangement) with one or more Subject Entities whereby all such Subject Entities,
individually or in the aggregate, acquire, either (x) at least 50% of the outstanding shares of Common Stock, (y) at least 50% of the
outstanding shares of Common Stock calculated as if any shares of Common Stock held by all the Subject Entities making or party to, or
Affiliated with any Subject Entity making or party to, such stock purchase agreement or other business combination were not outstanding;
or (z) such number of shares of Common Stock such that the Subject Entities become collectively the beneficial owners (as defined in
Rule 13d-3 under the Exchange Act) of at least 50% of the outstanding shares of Common Stock, or (v) reorganize, recapitalize or reclassify
its shares of Common Stock, (B) that the Company shall, directly or indirectly, including through subsidiaries, Affiliates or otherwise,
in one or more related transactions, allow any Subject Entity individually or the Subject Entities in the aggregate to be or become the
&ldquo;beneficial owner&rdquo; (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, whether through , purchase,
assignment, conveyance, tender, tender offer, exchange, reduction in outstanding shares of Common Stock, merger, consolidation, business
combination, reorganization, recapitalization, spin-off, scheme of arrangement, reorganization, recapitalization or reclassification
or otherwise in any manner whatsoever, of either (x) at least 50% of the aggregate ordinary voting power represented by issued and outstanding
shares of Common Stock, (y) at least 50% of the aggregate ordinary voting power represented by issued and outstanding shares of Common
Stock not held by all such Subject Entities as of the date of this Note calculated as if any shares of Common Stock held by all such
Subject Entities were not outstanding, or (z) a percentage of the aggregate ordinary voting power represented by issued and outstanding
shares of Common Stock or other equity securities of the Company sufficient to allow such Subject Entities to effect a statutory short
form merger or other transaction requiring other shareholders of the Company to surrender their shares of Common Stock without approval
of the shareholders of the Company, (C) directly or indirectly, including through subsidiaries, Affiliates or otherwise, in one or more
related transactions, the issuance of or the entering into any other instrument or transaction structured in a manner to circumvent,
or that circumvents, the intent of this definition in which case this definition shall be construed and implemented in a manner otherwise
than in strict conformity with the terms of this definition to the extent necessary to correct this definition or any portion of this
definition which may be defective or inconsistent with the intended treatment of such instrument or transaction, , or (D) a Fundamental
Transaction has been announced but has not yet closed.</FONT></P>



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



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U>Obligations</U>&rdquo;
means all amounts, indebtedness, obligations, liabilities, covenants and duties of every type and description owing by any Company Party
from time to time to the Holder or its Purchaser Parties under this Note or any other Transaction Document, whether direct or indirect,
joint or several, absolute or contingent, due or to become due, liquidated or unliquidated, secured or unsecured, now existing or hereafter
arising and however acquired (regardless of whether acquired by assignment), whether or not evidenced by any note or other instrument
or for the payment of money, including, without duplication, (i) the principal amount of the Note owing by the Company or any other Company
Party, (ii) all other amounts, fees, interest (including any increase upon an Event of Default), liquidated damages, commissions, charges,
costs, expenses, attorneys&rsquo; fees and disbursements, indemnities (including Losses and other amounts for which any Company Party
is required to indemnify the Holder or any of its Purchaser Parties under the Purchase Agreement), reimbursement of amounts paid and
other sums chargeable to any Company Party under any Transaction Document or otherwise arising under any Transaction Document and (iii)
all interest on any item otherwise qualifying as &ldquo;Obligation&rdquo; hereunder, whether or not accruing after the filing of any
petition in bankruptcy, or the commencement of any insolvency, reorganization or similar proceeding, whether or not a claim for post-filing
or post-petition interest is allowed in such proceeding.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U>Permitted
Debt</U>&rdquo; means all of the following: (i) Indebtedness owing to the Company under any Transaction Document; (ii) unsecured intercompany
Indebtedness between the Company and its Subsidiaries in the ordinary course of business, which is subject to a subordination agreement
in such form as approved by the Holder; (iii) unsecured Indebtedness of the Company or any of its Subsidiaries to trade creditors (including
overdue amounts on invoices) incurred on customary terms in the ordinary course of business; (iv) Indebtedness existing on the Closing
Date and as disclosed on the Disclosure Schedule; <B>provided, </B>that such Indebtedness has not been materially amended since the date
of hereof; (v) Indebtedness of the Company or any Subsidiary under Capital Leases for equipment or Indebtedness of the Company or any
Subsidiary secured by a Purchase Money Lien, which Indebtedness shall not at any time exceed $4,500,000 in the aggregate for the Company
and its Subsidiaries; (vi) Indebtedness of the Company or any of its Subsidiaries under leases for facilities that are treated as Capital
Leases under GAAP; (vii) unsecured Indebtedness following the date hereof which is subject to a subordination agreement in such form
as approved by the Holder; and (ix) any other Indebtedness incurred with the prior written consent of the Holder.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U>Permitted
Liens</U>&rdquo; means all of the following:</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;
Liens securing the payment of taxes, assessments or other charges or levies imposed by any Governmental Authority which are either not
yet overdue or the validity of which are being contested in good faith by appropriate proceedings diligently pursued and with respect
to which adequate reserves have been set aside on its books;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;
non-consensual statutory Liens (other than Liens securing the payment of taxes) arising in the ordinary course of business to the extent
(A) such Liens secure Indebtedness that is not overdue or (B) such Liens secure Indebtedness relating to claims or liabilities that are
fully insured and being defended at the sole cost and expense and at the sole risk of the insurer or being contested in good faith by
appropriate proceedings diligently pursued, in each case prior to the commencement of foreclosure or other similar proceedings and with
respect to which adequate reserves have been set aside on its books;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;
zoning, building and land use restrictions, easements, servitudes, encumbrances, licenses, covenants and other restrictions affecting
the use of real property or minor defects or irregularities in title thereto that do not interfere in any material respect with the use
of such real property or the ordinary conduct of the business of the Company and its Subsidiaries as presently conducted thereon or materially
impair the value of the real property that may be subject thereto;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&nbsp;
pledges and deposits of cash in the ordinary course of business in connection with workers&rsquo; compensation, unemployment insurance
and other types of social security benefits consistent with current practices as in effect on the date hereof;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)&nbsp;&nbsp;
undetermined or inchoate Liens and charges arising or potentially arising under statutory provisions which have not at the time been
filed or registered in accordance with applicable law or of which written notice has not been duly given in accordance with applicable
Regulation or which although filed or registered, relate to obligations not due or delinquent, including without limitation of statutory
Liens incurred, or pledges or deposits made, under worker&rsquo;s compensation, employment insurance and other social security legislation;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)&nbsp;&nbsp;
Liens or deposits to secure the performance of bids, tenders, expropriation proceedings, trade contracts, leases, statutory obligations,
surety and performance bonds and other obligations of a like nature (other than for borrowed money), and deposits to secure equipment
contracts, in each case incurred in the ordinary course of business;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g)&nbsp;
appeal bonds;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h)&nbsp;
landlord Liens for rent not yet due and payable;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;
Liens arising from operating leases and the precautionary UCC financing statement filings in respect thereof;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(j)&nbsp;&nbsp;&nbsp;
judgments and other similar Liens arising in connection with court proceedings that do not constitute an Event of Default; <B>provided</B>,
that, (A) such Liens are being contested in good faith and by appropriate proceedings diligently pursued, (B) adequate reserves or other
appropriate provision, if any, as are required by GAAP have been made therefor and (C) a stay of enforcement of any such Liens is in
effect;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(k)&nbsp;
customary rights of set-off or combination of accounts in favor of a financial institution with respect to deposits maintained by it;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(l)&nbsp;&nbsp;&nbsp;
Liens arising under the Transaction Documents and Liens which have been set forth in any Disclosure Schedule referenced in the Purchase
Agreement; and</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(m)&nbsp;&nbsp;Liens
disclosed in writing to the Holder and approved by the Holder.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U>Purchase
Agreement</U>&rdquo; means the Securities Purchase Agreement, dated as of April [__], 2023, between the Company, the Holder and the other
investors signatory thereto.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U>Significant
Subsidiary</U>&rdquo; has the meaning given to it in Rule 1-02(w) of Regulation S-X.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U>Strategic
Investor</U>&rdquo; means any Person who is not a Financial Investor or series of Affiliated Persons who are not Financial Investors.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U>Subject
Entity</U>&rdquo; means any Person, Persons or &ldquo;group&rdquo; (as described in Rule 13d- 5(b)(1) promulgated under the Exchange
Act) or any Affiliate or associate of any such Person, Persons or &ldquo;group&rdquo;.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
2</U>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Interest</U>.</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Payment
of Interest</U>. Subject to any other terms of this Note, the Company shall pay interest to the Holder on the aggregate unconverted and
then outstanding principal amount of this Note at the rate of eight percent (8%) per annum payable with the repayment of the outstanding
principal amount on the Maturity Date. Payments will be credited first to accrued interest due and payable, with any remainder applied
to principal (subject to Section 2(c) herein). All accrued and unpaid interest shall also be payable upon the final repayment of this
Note.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Interest
Calculations</U>. Interest shall be calculated on the basis of a 360-day year, consisting of twelve 30 calendar day periods, and shall
accrue daily commencing on the Issue Date until payment in full of the outstanding principal amount, together with all accrued and unpaid
interest, liquidated damages and other amounts which may become due hereunder, has been made. Interest shall cease to accrue with respect
to any principal amount converted, provided that, the Company actually delivers the Conversion Shares within the time period required
by Section 4(c)(ii) herein. Interest hereunder will be paid to the Person in whose name this Note is registered on the records of the
Company regarding registration and transfers of this Note (the &ldquo;<U>Note Register</U>&rdquo;). The Company shall update the Note
Register to reflect permitted transferees and assignees of the Note.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Prepayment</U>.
Except as otherwise set forth in this Note, the Company may not prepay any portion of the principal amount of this Note or accrued interest
hereunder, without the prior written consent of the Holder. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
3.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Registration of Transfers and Exchanges</U>.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Different
Denominations</U>. This Note is exchangeable for an equal aggregate principal amount of Notes of different authorized denominations,
as requested by the Holder surrendering the same. No service charge will be payable for such registration of transfer or exchange.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Investment
Representations</U>. This Note may be transferred or exchanged only in compliance with investment representations of the Holder set forth
in the Purchase Agreement and all other terms of this Note, and applicable federal and state securities laws and regulations. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Reliance
on Note Register</U>. Prior to due presentment for transfer to the Company of this Note, the Company and any agent of the Company may
treat the Person in whose name this Note is duly registered on the Note Register as the owner hereof for the purpose of receiving payment
as herein provided and for all other purposes, whether or not this Note is overdue, and neither the Company nor any such agent shall
be affected by notice to the contrary.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
4.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Conversion</U>.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Conversion</U>.
In the event that the Company consummates an Initial Public Offering, then the total outstanding principal amount of this Note and any
unpaid accrued interest thereon shall automatically convert into Conversion Shares, without any further action by the Holder a &ldquo;<U>Conversion</U>&rdquo;).
The applicable date of conversion, with respect to a Conversion (the &ldquo;<U>Conversion Date</U>&rdquo;) shall be the date of the closing
of the IPO. The Company shall deliver to the Holder written notice of the Conversion, including the material terms thereof and a calculation
of the Conversion Price with supporting detail, at least ten (10) days prior to the proposed Conversion Date. Upon a Conversion hereunder,
the Holder shall surrender this Note as promptly as is reasonably practicable after the Conversion Date without delaying the Company&rsquo;s
obligation to deliver the shares on the Share Delivery Date. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Conversion
Price</U>. The conversion price applicable to a Conversion shall be equal to 80% of the Effective Price Per Share of the Initial Public
Offering, subject to any adjustments provided in this Note (the &ldquo;<U>Conversion Price</U>&rdquo;).</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">

<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Mechanics
                                            of Conversion</U>.</FONT></TD></TR></TABLE>



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Conversion
Shares Issuable upon Conversion of Principal Amount and Interest</U>. The number of Conversion Shares issuable upon a Conversion hereunder
shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Note and accrued and unpaid interest
to be converted by (y) the Conversion Price.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Delivery
of Conversion Shares Upon Conversion</U>. Not later than five (5) Business Days after the Conversion Date (the &ldquo;<U>Share Delivery
Date</U>&rdquo;), the Company shall deliver, or cause to be delivered, to the Holder a notice of issuance for the number of Conversion
Shares being acquired upon the Conversion of this Note, which shall include the restrictive legends described below, unless it is otherwise
determined in good faith that such restrictive legends are not required.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">iii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Reservation
of Shares Issuable Upon Conversion</U>. The Company covenants that it will at all times reserve and keep available out of its authorized
and unissued shares of Common Stock for the sole purpose of issuance upon Conversion of this Note and payment of interest on this Note,
each as herein provided, free from preemptive rights or any other actual contingent purchase rights of Persons other than the Holder,
not less than such aggregate number of shares of the Common Stock as shall (subject to the terms and conditions set forth in the Purchase
Agreement) be issuable (taking into account the adjustments and restrictions of Section 5) upon the Conversion of the then outstanding
principal amount of this Note and payment of interest hereunder. The Company covenants that all shares of Common Stock that shall be
so issuable shall, upon issue, be duly authorized, validly issued, fully paid and nonassessable.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">iv.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Fractional
Shares</U>. No fractional shares or scrip representing fractional shares shall be issued upon the Conversion of this Note. As to any
fraction of a share which the Holder would otherwise be entitled to purchase upon such Conversion, the Company shall at its election,
either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Conversion Price
or round up to the next whole share.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">v.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Transfer
Taxes and Expenses</U>. The issuance of Conversion Shares on Conversion of this Note shall be made without charge to the Holder hereof
for any documentary stamp or similar taxes that may be payable in respect of the issue or delivery of such Conversion Shares, provided
that the Company shall not be required to pay any tax that may be payable in respect of any transfer involved in the issuance and delivery
of any such Conversion Shares upon Conversion in a name other than that of the Holder of this Note so converted and the Company shall
not be required to issue or deliver such Conversion Shares unless or until the Person or Persons requesting the issuance thereof shall
have paid to the Company the amount of such tax or shall have established to the satisfaction of the Company that such tax has been paid.
</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
5</U>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Certain Adjustments</U>.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Stock
Dividends and Stock Splits</U>. If the Company, at any time while this Note is outstanding: (A) pays a stock dividend or otherwise makes
a distribution or distributions on shares of its Common Stock or any Common Stock Equivalent (which, for avoidance of doubt, shall not
include any shares of Common Stock issued by the Company upon exercise of this Note), (B) subdivides outstanding shares of Common Stock
into a larger number of shares, (C) combines (including by way of reverse stock split) outstanding shares of Common Stock into a smaller
number of shares or (D) issues by reclassification of shares of the Common Stock any shares of capital stock of the Company, then, in
each such case, the Company shall make an applicable adjustment to the Conversion Price to equitably increase or reduce the number of
shares issuable upon the Conversion of this Note, as determined by its Board of Directors.&nbsp; Any adjustment made pursuant to this
Section 5(a) shall become effective (x) immediately after the record date for the determination of stockholders entitled to receive such
dividend or distribution, (y) immediately after the effective date in the case of a subdivision, combination or re-classification, or
(z) as determined in the good faith reasonable judgment of the Board of Directors in any other case taking into account any recommendation
including in any opinion received in connection with an adjustment.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Common
Stock and Common Stock Equivalents</U>. If the Company or any Subsidiary thereof, as applicable, at any time while this Note is outstanding,
shall sell or grant any option to purchase, or sell or grant any right to reprice, or otherwise dispose of or issue (or announce any
offer, sale, grant or any option to purchase or other disposition) any Common Stock or Stock Equivalents, other than in respect of an
Exempt Issuance (i) at a price per share less than the Conversion Price then in effect or (ii) that entitles any Person to acquire shares
of Common Stock at a price per share less than the Conversion Price then in effect (such lower price, the &ldquo;<U>Base Share Price</U>&rdquo;
and such issuances collectively, a &ldquo;<U>Dilutive Issuance</U>&rdquo;) (it being understood and agreed that if the holder of the
Common Stock or Common Stock Equivalents so issued shall at any time, whether by operation of purchase price adjustments, reset provisions,
floating conversion, exercise or exchange prices or otherwise, or due to warrants, options or rights per share which are issued in connection
with such issuance, be entitled to receive Common Stock at an effective price per share that is less than the Conversion Price, such
issuance shall be deemed to have occurred for less than the Conversion Price on such date of the Dilutive Issuance at such effective
price), then simultaneously with the consummation of each Dilutive Issuance the Conversion Price shall be reduced and only reduced to
equal the Base Share Price. Such adjustment shall be made whenever such Common Stock or Stock Equivalents are issued. The Company shall
notify the Holder, in writing, no later than the Business Day following the issuance or deemed issuance of any Common Stock or Common
Stock Equivalents subject to this Section 5(b), indicating therein the applicable issuance price, or applicable reset price, exchange
price, conversion price and other pricing terms (such notice, the &ldquo;<U>Dilutive Issuance Notice</U>&rdquo;). For purposes of clarification,
whether or not the Company provides a Dilutive Issuance Notice pursuant to this Section 5(b), upon the occurrence of any Dilutive Issuance,
the Holder is entitled to receive a number of Conversion Shares based upon the Base Share Price regardless of whether the Holder accurately
refers to the Base Share Price in the Notice of Conversion. If the Company enters into a Variable Rate Transaction, despite the prohibition
thereon in the Purchase Agreement, the Company shall be deemed to have issued Common Stock or Stock Equivalents at the lowest possible
conversion or exercise price at which such Securities may be converted or exercised. This Section shall be of no further force and effect
following the full repayment of this Note.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Pro
Rata Distributions</U>. While this Note is outstanding, the Company shall not declare or make any Restricted Payment (or rights to receive
Restricted Payments). In the event that the Note is permissibly repaid at the time of such Restricted Payment, the Holder shall not be
entitled to participate in such Restricted Payment. If the Holder and the Company mutually agree, and the Note is not repaid at the time
of such Restricted Payment, then the Holder shall be entitled to participate in such Restricted Payment to the same extent that the Holder
would have participated therein if the Holder had held the number of shares of Common Stock acquirable upon complete exercise of this
Note (without regard to any limitations on exercise hereof, including the Beneficial Ownership Limitation) immediately before the date
of which a record is taken for such Restricted Payment, or, if no such record is taken, the date as of which the record holders of shares
of Common Stock are to be determined for the participation in such Restricted Payment (provided, that to the extent that the Holder&rsquo;s
right to participate in any such Restricted Payment would result in the Holder exceeding the Beneficial Ownership Limitation, then the
Holder shall not be entitled to participate in such Restricted Payment to such extent (or in the beneficial ownership of any shares of
Common Stock as a result of such Restricted Payment to such extent) and the portion of such Restricted Payment shall be held in abeyance
for the benefit of the Holder until such time, if ever, as its right thereto would not result in the Holder exceeding the Beneficial
Ownership Limitation).</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Fundamental
Transaction</U>. Upon the occurrence of any Fundamental Transaction, the Holder, upon any subsequent conversion of this Note, shall have
the right to receive, for each Conversion Share that would have been issuable upon such conversion immediately prior to the occurrence
of such Fundamental Transaction (without regard to any limitation in Section 4(b) on the conversion of this Note), the number of shares
of Common Stock of the successor or acquiring corporation or of the Company, if it is the surviving corporation, and any additional consideration
(the &ldquo;<U>Alternate Consideration</U>&rdquo;) receivable as a result of such Fundamental Transaction by a holder of the number of
shares of Common Stock for which this Note is convertible immediately prior to such Fundamental Transaction (without regard to any limitation
in Section 4(c) on the conversion of this Note). For purposes of any such conversion, the determination of the Conversion Price shall
be appropriately adjusted to apply to such Alternate Consideration based on the amount of Alternate Consideration issuable in respect
of one (1) share of Common Stock in such Fundamental Transaction, and the Company shall apportion the Conversion Price among the Alternate
Consideration in a reasonable manner reflecting the relative value of any different components of the Alternate Consideration. If holders
of Common Stock are given any choice as to the Securities, cash or property to be received in a Fundamental Transaction, then the Holder
shall be given the same choice as to the Alternate Consideration it receives upon any conversion of this Note following such Fundamental
Transaction. The Company shall cause any successor entity in a Fundamental Transaction in which the Company is not the survivor (the
&ldquo;<U>Successor Entity</U>&rdquo;) to assume in writing all of the Obligations of the Company, in accordance with the provisions
of this Section 5(d) pursuant to written agreements in form and substance reasonably satisfactory to the Holder and approved by the Holder
(without unreasonable delay) prior to such Fundamental Transaction and shall, at the option of the holder of this Note, deliver to the
Holder in exchange for this Note a security of the Successor Entity evidenced by a written instrument substantially similar in form and
substance to this Note which is convertible for a corresponding number of shares of capital stock of such Successor Entity (or its parent
entity) equivalent to the shares of Common Stock acquirable and receivable upon conversion of this Note (without regard to any limitations
on the conversion of this Note) prior to such Fundamental Transaction, and with a conversion price which applies the conversion price
hereunder to such shares of capital stock (but taking into account the relative value of the shares of Common Stock pursuant to such
Fundamental Transaction and the value of such shares of capital stock, such number of shares of capital stock and such conversion price
being for the purpose of protecting the economic value of this Note immediately prior to the consummation of such Fundamental Transaction),
and which is reasonably satisfactory in form and substance to the Holder. Upon the occurrence of any such Fundamental Transaction, the
Successor Entity shall succeed to, and be substituted for (so that from and after the date of such Fundamental Transaction, the provisions
of this Note and the other Transaction Documents referring to the &ldquo;Company&rdquo; shall refer instead to the Successor Entity),
and may exercise every right and power of the Company and shall assume all of the Obligations of the Company with the same effect as
if such Successor Entity had been named as the Company herein. For the avoidance of doubt, in the event of the occurrence of a Fundamental
Transaction, the Successor Entity, in addition to any of its other obligations set for in this Section 5, shall agree in writing that
the Holder is entitled to the anti-dilution rights set forth in this Section 5 for the time period set forth in the Note, or if longer
two (2) years after the closing of the Fundamental Transaction.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Calculations</U>.
All calculations under this Section 5 shall be made to the nearest cent or the nearest 1/100th of a share, as the case may be. For purposes
of this Section 5, the number of shares of Common Stock deemed to be issued and outstanding as of a given date shall be the sum of the
number of shares of Common Stock (excluding any treasury shares of the Company) issued and outstanding.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notice
to the Holder</U>. Whenever the Conversion Price is adjusted pursuant to any provision of this Section 5, the Company shall deliver to
each Holder within two (2) Business Days a notice setting forth the Conversion Price after such adjustment and setting forth a brief
statement of the facts requiring such adjustment. </FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Variable
Rate Transaction</U>. So long as this Note remains outstanding, the Company shall not directly or indirectly (i)(A) consummate any exchange
of any Indebtedness and/or securities of the Company for any other securities and/or Indebtedness of the Company, (B) cooperate with
any Person to effect any exchange of securities and/or Indebtedness of the Company in connection with a proposed sale of such securities
from an existing holder of such securities to any other unrelated Person), and/or (C) reduce and/or otherwise change the exercise price,
conversion price and/or exchange price of any Stock Equivalent of the Company and/or amend any non-convertible Indebtedness of the Company
to make it convertible into securities of the Company, (ii) issue or sell any of its securities either (A) at a conversion, exercise
or exchange rate or price that is based upon and/or varies with the trading prices of, or quotations for, Common Stock, and/or (B) with
a conversion, exercise or exchange rate and/or price that is subject to being reset on one or more occasions either (1) at some future
date after the initial issuance of such securities or (2) upon the occurrence of specified or contingent events directly or indirectly
related to the business of the Company or the market for the Common Stock, and/or (iii) enter into any agreement (including an &ldquo;equity
line of credit&rdquo; or an &ldquo;at-the-market offering&rdquo;) whereby the Company may sell securities at a future determined price.
Any transaction contemplated in this Section 5(h), shall be referred to as a &ldquo;<U>Variable Rate Transaction</U>&rdquo;. The Holder
shall be entitled to obtain injunctive relief against the Company to preclude any Variable Rate Transaction (without the need for the
posting of any bond or similar item, which the Company hereby expressly and irrevocably waives the requirement for), which remedy shall
be in addition to any right of the Holder to collect damages. A &ldquo;<U>Variable Rate Transaction</U>&rdquo; shall also mean, collectively,
an &ldquo;Equity Line of Credit&rdquo; or similar agreement, or a Variable Priced Equity Linked Instrument. For purposes hereof, &ldquo;<U>Equity
Line of Credit</U>&rdquo; means any transaction involving a written agreement between the Company and an investor or underwriter whereby
the Company has the right to &ldquo;put&rdquo; its Securities to the investor or underwriter over an agreed period of time and at future
determined price or price formula (other than customary &ldquo;preemptive&rdquo; or &ldquo;participation&rdquo; rights or &ldquo;weighted
average&rdquo; or &ldquo;full-ratchet&rdquo; anti-dilution provisions or in connection with fixed-price rights offerings and similar
transactions that are not Variable Priced Equity Linked Instruments), and &ldquo;<U>Variable Priced Equity Linked Instruments</U>&rdquo;
means: (A) any Stock Equivalent convertible into, exercisable or exchangeable for, or carry the right to receive additional shares of
Common Stock either (1) at any conversion, exercise or exchange rate or other price that is based upon and/or varies with the trading
prices of or quotations for Common Stock at any time after the initial issuance of such Stock Equivalent, or (2) with a conversion, exercise
or exchange price that is subject to being reset on more than one occasion at some future date at any time after the initial issuance
of such debt or equity security due to a change in the market price of the Common Stock since date of initial issuance (other than customary
&ldquo;preemptive&rdquo; or &ldquo;participation&rdquo; rights or &ldquo;weighted average&rdquo; or &ldquo;full-ratchet&rdquo; anti-dilution
provisions or in connection with fixed-price rights offerings and similar transactions), and (B) any amortizing convertible Stock Equivalent
which amortizes prior to its maturity date, where the Company is required or has the option to (or any investor in such transaction has
the option to require the Company to) make such amortization payments in shares of Common Stock which are valued at a price that is based
upon and/or varies with the trading prices of or quotations for Common Stock at any time after the initial issuance of such Stock Equivalent
(whether or not such payments in Common Stock are subject to certain equity conditions). Notwithstanding the foregoing, the Company may
engage in an &ldquo;at-the-market&rdquo; transaction on customary terms.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
6</U>.&nbsp;<U>Events of Default</U>.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Event
of Default</U>&rdquo; means, wherever used herein, any of the following events (whatever the reason for such event and whether such event
shall be voluntary or involuntary or effected by operation of law or pursuant to any judgment, decree or order of any court, or any order,
rule or regulation of any administrative or governmental body):</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in; color: blue"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in; color: blue"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in; color: blue"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
default in the payment of (A) the principal amount of this Note or (B) interest, liquidated damages and other amounts owing to the Holder
on this Note, as and when the same shall become due and payable (upon demand for payment by the Holder or by acceleration or otherwise)
which default, solely in the case of an interest payment or other default under clause (B) above, is not cured within three (3) Business
Days;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in; color: blue"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Company shall fail to observe or perform any other covenant or agreement contained in this Note or in any other Transaction Document,
which failure is not cured, if possible to cure, within five (5) Business Days after notice of such failure sent by the Holder to the
Company;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">iii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
representation or warranty made in this Note or the Purchase Agreement, any written statement pursuant hereto or thereto or any other
report, financial statement or certificate made or delivered to the Holder shall be untrue or incorrect in any material respect as of
the date when made or deemed made;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">iv.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Company or any Significant Subsidiary (as such term is defined in Rule 1-02(w) of Regulation S-X) shall be subject to a Bankruptcy Event;
or</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">v.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Company shall fail to maintain a sufficient number of shares of Common Stock reserved for issuance upon the Conversion of this Note and
such failure is not cured within thirty (30) days after written notice from the Holder.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Remedies
Upon Event of Default</U>. Subject to any other limitations regarding percentage of ownership of Common Stock contained herein, if any
Event of Default occurs, then the outstanding principal amount of this Note, plus accrued but unpaid interest (including all interest,
whether or not accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or similar
proceeding, all of which shall continue to accrue whether or not a claim for post-filing or post-petition interest is allowed in such
proceeding), fees, liquidated damages and any other amounts owing by any Company Party in respect thereof or under any Transaction Document
through the date of acceleration (the &ldquo;<U>Mandatory Default Amount</U>&rdquo;), shall become, at the Holder&rsquo;s election in
its sole discretion, in whole or in part, immediately due and payable, in cash. Immediately on and after the occurrence of any Event
of Default, without need for notice or demand all of which are waived, interest on this Note shall accrue and be owed daily at an increased
interest rate equal to the greater of fifteen percent (15.0%) per annum or the maximum rate permitted under applicable law (the &ldquo;<U>Trigger
Rate</U>&rdquo;). Upon the payment in full of the Mandatory Default Amount and any amount as a result of the Trigger Rate, in cash or
in shares of Common Stock, the Holder shall promptly surrender this Note to or as directed by the Company. In connection with such acceleration
described herein, the Holder need not provide, and the Company hereby waives, any presentment, demand, protest or other notice of any
kind (other than the Holder&rsquo;s election to declare such acceleration), and the Holder may immediately and without expiration of
any grace period enforce any and all of its rights and remedies hereunder and all other remedies available to it under applicable law.
Such acceleration may be rescinded and annulled by Holder at any time prior to payment hereunder and the Holder shall have all rights
as a holder of the Note until such time, if any, as the Holder receives full payment pursuant to this Section 6(b). No such rescission
or annulment shall affect any subsequent Event of Default or impair any right consequent thereon. The Company shall provide all information
and documentation to the Holder that is requested by the Holder to enable the Holder to confirm the Company&rsquo;s compliance with the
terms and conditions of this Note and the other Transaction Documents and to enforce its rights hereunder and thereunder.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
7</U>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Negative Covenants</U>. So long as
any portion of this Note remains outstanding, the Company shall not, without express written consent of the Holders holding a majority
of the outstanding principal amount of the Notes, which must include the Lead Investor, do any of the following:</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;other
than Permitted Debt, enter into, create, incur, assume, guaranty, or suffer to exist any Indebtedness or repay the principal amount of,
redeem, purchase or otherwise acquire or offer to repay the principal amount of, redeem, repurchase or otherwise acquire any Indebtedness
whether or not extant on the Issue Date (other than the Notes on a pro rata basis based on the principal amounts outstanding);</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;other
than Permitted Liens, create, permit, incur or suffer to exist any Lien on any assets other than (i) the Liens securing the Obligations
created pursuant to the Transaction Documents or (ii) to a Strategic Investor;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;issue
shares of the Company&rsquo;s preferred stock, except to a Strategic Investor;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;except
in the ordinary course of its business, sell or otherwise dispose of any of its assets:</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;amend
its charter documents, including its certificate of incorporation and bylaws, in any manner that materially and adversely affects any
rights of the Holder;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;make,
approve, or offer to make any Restricted Payment any shares of Capital Stock other than with respect to the Conversion Shares, and then
only as permitted or required under the Transaction Documents;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;consummate
a Fundamental Transaction or Change of Control Transaction;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;accept
merchant cash advances or similar financing instruments;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;enter
into any agreement with respect to any of the foregoing;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;fail
to use the proceeds of the Note as provided for in the Transaction Documents, including being engaged in operations involving the financing
of any investments or activities in, or any payments to, any Sanctioned Person;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;take
or allow any action which would cause an adjustment of the par value of the Conversion Price to be less than the par value in effect
at such time;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;directly
or indirectly (including through agents, contractors, trustees, representatives or advisors) (a) be in violation of any Sanctions Law
or engage in, or conspire or attempt to engage in, any transaction evading or avoiding any prohibition in any Sanction Law, (b) be a
Sanctioned Person or derive revenues from investments in, or transactions with Sanctioned Persons, (c) have any assets located in Sanctioned
Jurisdictions, (d) deal in, or otherwise engage in any transactions relating to, any property or interest in property blocked pursuant
to any Regulation administered or enforced by OFAC or (e) fail to comply with any material Regulations or Contractual Obligations applicable
to it or fail to obtain or comply with any material Permits; </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;make
or suffer to exist any investments using any proceeds from the Holder or any of its Affiliates (including without limitation, loans and
advances to, and other investments in, Subsidiaries), or commitments therefor, or to become or remain a partner in any partnership or
joint venture, except for: (i) investments in cash and cash equivalents; and (ii) investments in Subsidiaries; or</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;issue
any shares of Common Stock to officers directors or employees unless such shares are issued pursuant to a board approved equity incentive
plan or otherwise if approved by shareholder of the Company at an annual meeting of shareholders or special meeting of shareholders.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
8</U>. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Miscellaneous</U>.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notices</U>.
Any and all notices or other communications or deliveries to be provided by the Holder or the Company hereunder shall be in writing and
delivered as provided in Section 6.4 of the Purchase Agreement.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">b)&nbsp;&nbsp;&nbsp;&nbsp;
<U>Absolute Obligation</U>. Except as expressly provided herein, no provision of this Note shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of, and accrued interest, as applicable, on this Note at the time,
place, and rate, and in the coin or currency, herein prescribed. This Note is a direct debt obligation of the Company.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">c)&nbsp;&nbsp;&nbsp;&nbsp;
<U>Lost or Mutilated Note</U>. If this Note shall be mutilated, lost, stolen or destroyed, the Company shall execute and deliver, in
exchange and substitution for and upon cancellation of a mutilated Note, or in lieu of or in substitution for a lost, stolen or destroyed
Note, a new Note for the principal amount of this Note so mutilated, lost, stolen or destroyed, but only upon receipt of evidence of
such loss, theft or destruction of such Note, and of the ownership hereof, reasonably satisfactory to the Company.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">d)&nbsp;&nbsp;&nbsp;&nbsp;
<U>Governing Law; Jurisdiction</U>. All questions concerning the construction, validity, enforcement and interpretation of this Note
shall be governed by and construed and enforced in accordance with the internal laws of the State of Delaware, without regard to the
principles of conflict of laws thereof. Each party agrees that all legal proceedings concerning the interpretation, enforcement and defense
of the transactions contemplated by this Note (whether brought against a party hereto or its respective Affiliates, directors, officers,
shareholders, employees or agents) shall be commenced in the state and federal courts sitting in the County of New Castle, State of Delaware
(the &ldquo;<U>Delaware Courts</U>&rdquo;). Each party hereto hereby irrevocably submits to the exclusive jurisdiction of the Delaware
Courts for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed
herein (including with respect to the enforcement of any of this Note, and hereby irrevocably waives, and agrees not to assert in any
suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of such Delaware Courts, or such Delaware
Courts are improper or inconvenient venue for such proceeding. Each party hereby irrevocably waives personal service of process and consents
to process being served in any such suit, action or proceeding 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 applicable law. Each party hereto hereby irrevocably waives, to the fullest
extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating to this Note
or the transactions contemplated hereby. If any party shall commence an action or proceeding to enforce any provisions of this Note,
then the prevailing party in such action or proceeding shall be reimbursed by the other party for its attorneys&rsquo; fees and other
costs and expenses incurred in the investigation, preparation and prosecution of such action or proceeding.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">e)&nbsp;&nbsp;&nbsp;&nbsp;
<U>Waiver</U>. Any waiver by the Company or the Holder of a breach of any provision of this Note shall not operate as or be construed
to be a waiver of any other breach of such provision or of any breach of any other provision of this Note. The failure of the Company
or the Holder to insist upon strict adherence to any term of this Note on one or more occasions shall not be considered a waiver or deprive
that party of the right thereafter to insist upon strict adherence to that term or any other term of this Note on any other occasion.
Any waiver by the Company or the Holder must be in writing. </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Severability</U>. If any provision of this Note is invalid, illegal or unenforceable, the balance of this Note shall remain in effect,
and if any provision is inapplicable to any Person or circumstance, it shall nevertheless remain applicable to all other Persons and
circumstances. If it shall be found that any interest or other amount deemed interest due hereunder violates the applicable law governing
usury, the applicable rate of interest due hereunder shall automatically be lowered to equal the maximum rate of interest permitted under
applicable law. The Company covenants (to the extent that it may lawfully do so) that it shall not at any time insist upon, plead, or
in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law or other law which would prohibit
or forgive the Company from paying all or any portion of the principal of or interest on this Note as contemplated herein, wherever enacted,
now or at any time hereafter in force, or which may affect the covenants or the performance of this Note, and the Company (to the extent
it may lawfully do so) hereby expressly waives all benefits or advantage of any such law, and covenants that it will not, by resort to
any such law, hinder, delay or impede the execution of any power herein granted to the Holder, but will suffer and permit the execution
of every such as though no such law has been enacted.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">g)&nbsp;&nbsp;&nbsp;&nbsp;
<U>Remedies, Characterizations, Other Obligations, Breaches and Injunctive Relief</U>.&nbsp; The remedies provided in this Note shall
be cumulative and in addition to all other remedies available under this Note at law or in equity (including a decree of specific performance
and/or other injunctive relief), and nothing herein shall limit the Holder&rsquo;s right to pursue actual and consequential damages for
any failure by the Company to comply with the terms of this Note.&nbsp; The Company covenants to the Holder that there shall be no characterization
concerning this instrument other than as expressly provided herein. Amounts set forth or provided for herein with respect to payments,
conversion and the like (and the computation thereof) shall be the amounts to be received by the Holder and shall not, except as expressly
provided herein, be subject to any other obligation of the Company (or the performance thereof). The Company acknowledges that a breach
by it of its obligations hereunder will cause irreparable harm to the Holder and that the remedy at law for any such breach may be inadequate.
The Company therefore agrees that, in the event of any such breach or threatened breach, the Holder shall be entitled, in addition to
all other available remedies, to an injunction restraining any such breach or any such threatened breach, without the necessity of showing
economic loss and without any bond or other security being required. The Company shall provide all information and documentation to the
Holder that is requested by the Holder to enable the Holder to confirm the Company&rsquo;s compliance with the terms and conditions of
this Note.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">h)&nbsp;&nbsp;&nbsp;&nbsp;
<U>Next Business Day</U>. Whenever any payment or other obligation hereunder shall be due on a day other than a Business Day, such payment
shall be made on the next succeeding Business Day.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Headings</U>. The headings contained herein are for convenience only, do not constitute a part of this Note and shall not be deemed
to limit or affect any of the provisions hereof.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Amendments</U>. This Note may be amended, in writing, by the mutual agreement of the Company and the Holder.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">k)&nbsp;&nbsp;&nbsp;&nbsp;
<U>Expenses</U>. The Company and the Holder will each bear their own legal and other expenses in connection with the preparation and
negotiation of this Note. The Company shall pay all out-of-pocket expenses incurred by the Holder, including the fees, charges and disbursements
of counsel for the Holder, in connection with the enforcement or protection of its rights (i) in connection with this Note, including
its rights under this Section 8 and (ii) in connection with this Note, including all such out-of-pocket expenses incurred during any
workout, restructuring or negotiations in respect of&nbsp;this Note.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">l)
<U>Most-Favored Nation</U>. So long as this Note is outstanding, upon any issuance by the Company of any new security, with any term
that the Holder reasonably believes is more favorable to the holder of such security or with a term in favor of the holder of such security
that the Holder reasonably believes was not similarly provided to the Holder in this Note, then (i) the Holder shall notify the Company
of such additional or more favorable term within one (1) Business Day of the issuance or amendment (as applicable) of the respective
security, and (ii) such term, at Holder&rsquo;s option, shall become a part of this Note (regardless of whether the Company or Holder
complied with the notification provision of this Note or the Purchase Agreement). 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 or exercise discounts,
conversion or exercise lookback periods, and discounts to the Effective Price Per Share of the Initial Public Offering. If Holder elects
to have the term become a part of this Note, then the Company shall immediately deliver acknowledgment of such adjustment in form and
substance reasonably satisfactory to the Holder (the &ldquo;<U>Acknowledgment</U>&rdquo;) within one (1) Business Day of Company&rsquo;s
receipt of request from Holder, provided that Company&rsquo;s failure to timely provide the Acknowledgement shall not affect the automatic
amendments contemplated hereby.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">*********************</FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>(Signature
Page Follows)</I></FONT></P>



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





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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">IN
WITNESS WHEREOF, the Company has caused this Note to be duly executed by a duly authorized officer as of the date first above indicated.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">

<TR STYLE="vertical-align: top">

    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>

    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt; text-transform: uppercase"><B>CHROMOCELL THERAPEUTICS CORPORATION</B></FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="width: 47%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>

    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>

    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>

    <TD><FONT STYLE="font-size: 10pt">Name: Francis Knuettel II</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>

    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>

    <TD><FONT STYLE="font-size: 10pt">Title: Chief Financial Officer</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>

    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>

    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>

</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">

<TR STYLE="vertical-align: top">

    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>

    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">Address for Notices: 4400 Route 9 South, Suite 1000, Freehold, NJ 07728</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>

    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: top">

    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>

    <TD><FONT STYLE="font-size: 10pt">Email for Notices: Frank@chromocell.com</FONT></TD></TR>

</TABLE>





<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>EXHIBIT
B</B></FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>FORM
OF SECURITY AGREEMENT</B></FONT></P>



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





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    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>EXHIBIT
C</B></FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>FORM
OF WARRANT&nbsp;</B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #1F497D"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>





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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>

    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt; color: #1F497D"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;&nbsp;</B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>EXHIBIT
D</B></FONT></P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>FORM
OF LOCK-UP AGREEMENT</B></FONT></P>



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



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



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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>6
<FILENAME>g083645_ex10-5.htm
<DESCRIPTION>EXHIBIT 10.5
<TEXT>
<HTML>

<HEAD>

     <TITLE></TITLE>

</HEAD>

<BODY STYLE="font: 10pt Times New Roman, Times, Serif">



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



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: right">EXHIBIT 10.5</P>



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



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">security

agreement</P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>This Security Agreement</B>
(this &ldquo;<B>Agreement</B>&rdquo;), dated as of April 17, 2023, is entered into by Chromocell Therapeutics Corporation, a Delaware
corporation (the &ldquo;<B>Company</B>&rdquo; or the &ldquo;<B>Grantor</B>&rdquo;) in favor of Balmoral Financial Group LLC, a Delaware
limited liability company, for itself and as collateral agent (in such capacity and together with any successor and any replacement named
in accordance with the Purchase Agreement, the &ldquo;<B>Collateral Agent</B>&rdquo;) for the holders (the &ldquo;<B>Holders</B>&rdquo;
or the &ldquo;<B>Purchasers</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



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



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS, </B>the

Company has issued to the Holders Senior Secured Promissory Notes as of the date hereof and due on October 17, 2023, following

their issuance, in the aggregate principal amount of $540,000 (the &ldquo;<B>Notes</B>&rdquo;);</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, pursuant

to the Securities Purchase Agreement dated as of the date hereof (as amended, modified or supplemented from time to time in accordance

with its terms, the &ldquo;<B>Purchase Agreement</B>&rdquo;), the Holders have severally agreed to extend the loans to the Company

evidenced by the Notes; and</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, in

order to induce the Holders to extend the loans evidenced by the Notes, the Grantor has agreed to grant the Holders a security

interest in certain property of the Grantor to secure the prompt payment, performance and discharge in full of all of the Company&rsquo;s

obligations under the Notes.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">ARTICLE

I </FONT>DEFINED TERMS</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Definitions</B>.&nbsp;(a)&nbsp;Capitalized

terms used but not defined herein shall be used to refer to any item included within the definition of such term under any Note,

including if such term is defined in such Note merely by reference to such definition in the Purchase Agreement.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The

following terms shall have the following meanings:</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Applicable

IP Office</B>&rdquo; means the United States Patent and Trademark Office, the United States Copyright Office or any similar office

or agency within or outside the United States.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Collateral</B>&rdquo;

has the meaning specified in <B>Section 2.1</B>.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Copyrights</B>&rdquo;

means all rights, title and interests (and all related IP Ancillary Rights) arising under any Regulation in or relating to copyrights

and all mask work, database and design rights, whether or not registered or published, all registrations and recordations thereof

and all applications in connection therewith, and all rights corresponding to any of the foregoing throughout the world.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Excluded

Property</B>&rdquo; means, collectively, (i) any Permit or similar agreement entered into by the Grantor (A) that prohibits or

requires the consent of any Person other than the Company, any other Company Party or any of their respective Affiliates as a condition

to the creation by the Grantor of a Lien on any right, title or interest in such Permit or other agreement or any Stock or Stock

Equivalent related thereto or (B) to the extent that any Regulation applicable thereto prohibits the creation of a Lien thereon,

but only, with respect to the prohibition in (A) and (B), to the extent, and for as long as, such prohibition is not terminated

or rendered unenforceable or otherwise deemed ineffective by the UCC or any other Regulation, (ii) fixed or capital assets owned

by the Grantor that is subject to a purchase money security interest or a Capital Lease if the documentation pursuant to which

such Lien is granted (or in the documentation providing for such Capital Lease) prohibits or requires the consent of any Person

(other than the Company, any other Company Party and their respective Affiliates) as a condition to the creation of any other Lien

on such equipment and (iii) any &ldquo;intent to use&rdquo; Trademark applications for which a statement of use has not been filed

(but only until such statement is filed); <B>provided</B>, that &ldquo;<B>Excluded Property</B>&rdquo; shall not include any proceeds,

products, substitutions or replacements of Excluded Property (unless such proceeds, products, substitutions or replacements would

otherwise constitute Excluded Property), all of which shall therefore be included in Collateral as provided hereunder.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Intellectual

Property</B>&rdquo; means any &ldquo;Intellectual Property Rights&rdquo; as defined in the Purchase Agreement, including all applicable

Copyrights, Trademarks, Patents, Internet Domain Names, Trade Secrets and IP Licenses.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Internet

Domain Names</B>&rdquo; means all rights, title and interests (and all related IP Ancillary Rights) arising under any Regulation

in or relating to Internet domain names.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>IP Ancillary

Rights</B>&rdquo; means, with respect to any other Intellectual Property, as applicable, all foreign counterparts to, and all divisionals,

reversions, continuations, continuations-in-part, reissues, reexaminations, renewals and extensions of, such Intellectual Property

and all income, royalties, proceeds and Liabilities at any time due or payable or asserted under or with respect to any of the

foregoing or otherwise with respect to such Intellectual Property, including all rights to sue or recover at law or in equity for

any past, present or future infringement, misappropriation, dilution, violation or other impairment thereof, and, in each case,

all rights to obtain any other IP Ancillary Right.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>IP License</B>&rdquo;

means all agreements, licenses and other documentation (and all related IP Ancillary Rights), whether written or oral, granting

any right title and interest in or relating to any Intellectual Property.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Liabilities</B>&rdquo;

means all claims, actions, suits, judgments, damages, losses, liability, obligations, responsibilities, fines, penalties, sanctions,

costs, fees, taxes, commissions, charges, disbursements and expenses, in each case of any kind or nature (including interest accrued

thereon or as a result thereto and fees, charges and disbursements of financial, legal and other advisors and consultants), whether

joint or several, whether or not indirect, contingent, consequential, actual, punitive, treble or otherwise.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Patents</B>&rdquo;

means all rights, title and interests (and all related IP Ancillary Rights) arising under any Regulation in or relating to any

and all patents and patent applications and all inventions and improvements described and claimed therein, and all rights corresponding

to any of the foregoing throughout the world.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Pledged Certificated

Stock</B>&rdquo; means all certificated securities and any other Stock or Stock Equivalent of any Person evidenced by a certificate,

instrument or other similar documentation (as defined in the UCC), in each case owned by the Grantor, and any distribution of property

made on, in respect of or in exchange for the foregoing from time to time, including all Stock and Stock Equivalents set forth

on the Disclosure Certificate. &ldquo;<B>Pledged Certificated Stock</B>&rdquo; excludes any Excluded Property.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Pledged Collateral</B>&rdquo;

means, collectively, the Pledged Stock and the Pledged Debt Instruments.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Pledged Debt

Instruments</B>&rdquo; means all right, title and interest of the Grantor in instruments evidencing any Indebtedness owed to the

Grantor or other obligations, and any distribution of property made on, in respect of or in exchange for the foregoing from time

to time, including all Indebtedness set forth on the Disclosure Certificate, issued by the obligors named therein.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Pledged Investment

Property</B>&rdquo; means any investment property of the Grantor, and any distribution of property made on, in respect of or in

exchange for the foregoing from time to time, other than any Pledged Collateral.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Pledged Stock</B>&rdquo;

means all Pledged Certificated Stock and all Pledged Uncertificated Stock.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Pledged Uncertificated

Stock</B>&rdquo; means any Stock or Stock Equivalent of any Person that is not Pledged Certificated Stock, including all right,

title and interest of the Grantor as a limited or general partner in any partnership not constituting Pledged Certificated Stock

or as a member of any limited liability company, all right, title and interest of the Grantor in, to and under any constituent

documentation of any partnership or limited liability company to which it is a party, and any distribution of property made on,

in respect of or in exchange for the foregoing from time to time, including in each case those interests set forth on the Disclosure

Certificate, to the extent such interests are not certificated. &ldquo;<B>Pledged Uncertificated Stock</B>&rdquo; excludes any

Excluded Property.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Purchaser</B>&rdquo;

has the meaning specified in the preamble hereto.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Purchase

Agreement</B>&rdquo; has the meaning specified in the preamble hereto.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Software</B>&rdquo;

means (a) all computer programs, including source code and object code versions, (b) all data, databases and compilations of data,

whether machine readable or otherwise, and (c) all documentation, training materials and configurations related to any of the foregoing.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Stock</B>&rdquo;

means all shares of capital stock (whether denominated as common stock or preferred stock), equity interests, beneficial, partnership

or membership interests, joint venture interests, participations or other ownership or profit interests in or equivalents (regardless

of how designated) of or in a Person (other than an individual), whether voting or non-voting.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Stock Equivalents</B>&rdquo;

means all securities convertible into or exchangeable for Stock or any other Stock Equivalent and all warrants, options or other

rights to purchase, subscribe for or otherwise acquire any Stock or any other Stock Equivalent, whether or not presently convertible,

exchangeable or exercisable.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Trademarks</B>&rdquo;

means all rights, title and interests (and all related IP Ancillary Rights) arising under any Regulation in or relating to trademarks,

trade names, corporate names, company names, business names, fictitious business names, trade styles, service marks, logos and

other source or business identifiers and, in each case, all goodwill associated therewith, including all registrations and recordations

thereof and all applications in connection therewith, all registrations and applications for registration and recording applications

filed in connection therewith, including registrations and registration applications in the Applicable IP Office, all common law

trademarks and the goodwill of the business symbolized by the foregoing, all licenses of the foregoing, whether as licensee or

licensor, and all rights corresponding to any of the foregoing throughout the world.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Trade Secrets</B>&rdquo;

means all right, title and interest (and all related IP Ancillary Rights) arising under any Regulation in or relating to trade

secrets, including all rights corresponding to any of the foregoing throughout the world.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>UCC</B>&rdquo;

means the Uniform Commercial Code as from time to time in effect in the State of Nevada; <B>provided</B>, <B>however</B>, that,

in the event that, by reason of mandatory provisions of any applicable Regulation, any of the attachment, perfection or priority

of any other Purchaser Party&rsquo;s security interest in any Collateral is governed by the Uniform Commercial Code or comparable

Regulation of a jurisdiction other than the State of Nevada, &ldquo;<B>UCC</B>&rdquo; shall mean the Uniform Commercial Code or

comparable Regulation as in effect in such other jurisdiction for purposes of the provisions hereof relating to such attachment,

perfection or priority and for purposes of the definitions related to or otherwise used in such provisions.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Vehicles</B>&rdquo;

means all vehicles covered by a certificate of title law of any state.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The

following terms have the meanings given to them in the UCC and terms used herein without definition that are defined in the UCC

have the meanings given to them in the UCC (such meanings to be equally applicable to both the singular and plural forms of the

terms defined), including the following: &ldquo;account,&rdquo; &ldquo;account debtor,&rdquo; &ldquo;as-extracted collateral,&rdquo;

&ldquo;certificated security,&rdquo; &ldquo;chattel paper,&rdquo; &ldquo;commercial tort claim,&rdquo; &ldquo;commodity contract,&rdquo;

&ldquo;deposit account,&rdquo; &ldquo;documents,&rdquo; &ldquo;electronic chattel paper,&rdquo; &ldquo;equipment,&rdquo; &ldquo;farm

products,&rdquo; &ldquo;fixture,&rdquo; &ldquo;general intangible,&rdquo; &ldquo;goods,&rdquo; &ldquo;health-care-insurance receivable,&rdquo;

&ldquo;instruments,&rdquo; &ldquo;inventory,&rdquo; &ldquo;investment property,&rdquo; &ldquo;letter-of-credit right,&rdquo; &ldquo;payment

intangible,&rdquo; &ldquo;proceeds,&rdquo; &ldquo;record,&rdquo; &ldquo;securities account,&rdquo; &ldquo;security,&rdquo; &ldquo;supporting

obligation&rdquo; and &ldquo;tangible chattel paper.&rdquo;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Certain

Other Terms</B>.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms. The

terms &ldquo;<B>herein</B>,&rdquo; &ldquo;<B>hereof</B>&rdquo; and similar terms refer to this Agreement as a whole and not to

any particular Article, Section or clause in this Agreement. References herein to an Annex, Article, Section or clause refer to

the appropriate Annex to, or Article, Section or clause in this Agreement. Where the context requires, provisions relating to any

Collateral when used in relation to the Grantor shall refer to the Grantor&rsquo;s Collateral or any relevant part thereof.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section

6.15</B> (<B>Interpretation</B>) of the Purchase Agreement is applicable to this Agreement in accordance with its terms, as well

as several other provisions of <B>Article VI (Miscellaneous)</B> of the Purchase Agreement. In addition, whenever used in this

Agreement, &ldquo;<B>in the ordinary course of business of a Person</B>&rdquo; shall mean &ldquo;in the ordinary course of business

in all material respects consistent with past custom and practice of such Person as in effect on the date hereof with such changes

as may be agreed to in writing by the Collateral Agent&rdquo;.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">ARTICLE

II </FONT>Grant of Security Interest</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Collateral</B>.

For the purposes of this Agreement, all of the personal property, including the following property now owned or at any time hereafter

acquired by the Grantor or in which the Grantor now has or at any time in the future may acquire any right, title or interests

is collectively referred to as the &ldquo;<B>Collateral</B>&rdquo;:</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all

accounts, as-extracted collateral, chattel paper, deposit accounts, documents, equipment, general intangibles (including all payment

intangibles, Intellectual Property, rights to tax refunds, intercompany notes, rights arising out of leases, licenses, and contracts

which are not accounts, computer software, computer programs, information contained on computer disks or tapes, software, literature,

reports, catalogs, options, warranties, service contracts, program services, rights to refund, reimbursement, indemnification,

and subrogation, goodwill, licenses, royalties, franchises, customer lists, reversions from any retirement plan or arrangement,

money, interests in a partnership or limited liability company which do not constitute a security under Article 8 of the Code),

instruments (including dividends and rights to payment arising out of partnership agreements and management contracts), inventory,

investment property (including any Pledged Collateral and Pledged Investment Property) and any supporting obligations related thereto;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any

commercial tort claims set forth on the Disclosure Certificate;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all

books, records, ledgers, files, writings, data bases, plans, drawings, and information relating to any of the foregoing, pertaining

to the other property described in this <B>Section 2.1</B>;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all

property of the Grantor held by any Purchaser Party, including all property of every description, in the custody of or in transit

to such Purchaser Party for any purpose, including safekeeping, collection or pledge, for the account of the Grantor or as to which

the Grantor may have any right or power, including cash;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all

other goods, fixtures, improvements (not constituting real property), and other personal property of the Grantor, whether tangible

or intangible and wherever located; and</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to

the extent not otherwise included, all cryptocurrency and other blockchain assets; and</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to

the extent not otherwise included, all proceeds of the foregoing, including insurance proceeds (including any surrender value therefor,

any right to return, or unearned premiums), causes and rights of action, remedies, privileges, settlements, judicial and arbitration

judgments and awards, indemnities, Liens, warranties, or guaranties payable from time to time with respect to, or Lien or other

security for, any of the foregoing;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



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

shall not include any Excluded Property; and <B>provided</B>, <B>further</B>, that if and when any property shall cease to be Excluded

Property, such property shall be deemed at all times from and after the date hereof to constitute Collateral.</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Grant

of Security Interest in Collateral</B>. The Grantor, as collateral security for the prompt and complete payment and performance

when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of the Grantor (the &ldquo;<B>Secured Obligations</B>&rdquo;),

hereby mortgages, pledges and hypothecates to the Collateral Agent, as agent for the Purchaser Parties, and grants to the Collateral

Agent, as agent for the Purchaser Parties, a Lien on and security interest in, all of its right, title and interest in, to and

under the Collateral of the Grantor.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">ARTICLE

III </FONT>REPRESENTATIONS AND WARRANTIES</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">To induce the Holders

and the Collateral Agent to enter into the Transaction Documents, the Grantor hereby represents and warrants each of the following

to the Collateral Agent, as agent for the other Purchaser Parties:</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Title;

No Other Liens</B>. Except for the Lien granted to the Purchaser Parties pursuant to this Agreement and other Permitted Liens under

any Transaction Document (including <B>Section 3.2</B> hereof and the Permitted Liens as such term is defined in the Notes), the

Grantor owns each item of the Collateral free and clear of any and all Liens or claims of others. The Grantor (a) is the record

and beneficial owner of the Collateral pledged by it hereunder constituting instruments or certificates and (b) has rights in or

the power to transfer each other item of Collateral in which a Lien is granted by it hereunder, free and clear of any other Lien.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>3.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Perfection

and Priority</B>. The security interest granted pursuant to this Agreement constitutes a valid and continuing perfected security

interest in favor of the Collateral Agent, as agent for the Purchaser Parties, in all Collateral subject, for the following Collateral,

to the occurrence of the following: (i) in the case of all Collateral in which a security interest may be perfected by filing a

financing statement under the UCC, the completion of such filings set forth on the Disclosure Certificate (which have been delivered

to the Collateral Agent in completed and duly authorized form), (ii) [reserved], (iii) in the case of all Copyrights, Trademarks,

Patents and other Intellectual Property for which UCC filings are insufficient, all appropriate filings having been made with the

United States Copyright Office or the United States Patent and Trademark Office, as applicable, (iv) in the case of letter-of-credit

rights that are not supporting obligations of Collateral, the execution of an agreement granting control to the Collateral Agent

over such letter-of-credit rights, (v) in the case of electronic chattel paper, the completion of all steps necessary to grant

control to the Collateral Agent over such electronic chattel paper and (vi) in the case of Vehicles, the actions required under

<B>Section 4.1(e)</B>. Such security interest shall be prior to all other Liens on the Collateral except as permitted by any Transaction

Document upon (i) in the case of all Pledged Investment Property having instruments or certificates, Pledged Certificated Stock

and Pledged Debt Instruments, the delivery thereof to the Collateral Agent of such Pledged Certificated Stock, Pledged Debt Instruments

and Pledged Investment Property, in each case properly endorsed for transfer to the Collateral Agent or in blank, (ii) [reserved]

and (iii) in the case of all other instruments and tangible chattel paper that are not Pledged Collateral or Pledged Investment

Property, the delivery thereof to the Collateral Agent of such instruments and tangible chattel paper. Except as set forth in this

<B>Section 3.2</B>, all actions by the Grantor necessary or desirable to protect and perfect the Lien granted hereunder on the

Collateral have been duly taken.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>3.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Jurisdiction

of Organization; Chief Executive Office</B>. The Grantor&rsquo;s jurisdiction of organization, legal name and organizational identification

number, if any, and the location of the Grantor&rsquo;s chief executive office or sole place of business, in each case as of the

date hereof, is set forth on the Disclosure Certificate and such Disclosure Certificate also lists all jurisdictions of incorporation,

legal names and locations of the Grantor&rsquo;s chief executive office or sole place of business for the five years preceding

the date hereof.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>3.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Locations

of Inventory, Equipment and Books and Records</B>. On the date hereof, the Grantor&rsquo;s inventory and equipment (other than

inventory or equipment in transit) and books and records concerning the Collateral are kept at the locations listed on the Disclosure

Certificate and such Disclosure Certificate also lists the locations of such inventory, equipment and books and records for the

five years preceding the date hereof.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>3.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Pledged

Collateral</B>.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The

Pledged Stock pledged by the Grantor hereunder (i) is set forth on the Disclosure Certificate and constitutes that percentage of

the issued and outstanding equity of all classes of each issuer thereof as set forth on the Disclosure Certificate, (ii) has been

duly authorized, validly issued and is fully paid and nonassessable (other than Pledged Stock in limited liability companies and

partnerships) and (iii) constitutes the legal, valid and binding obligation of the obligor with respect thereto, enforceable in

accordance with its terms.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As

of the Closing Date, all Pledged Collateral (other than Pledged Uncertificated Stock) and all Pledged Investment Property consisting

of instruments and certificates has been delivered to the Collateral Agent in accordance with <B>Section 4.3(a)</B>.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon

the occurrence and during the continuance of an Event of Default, the Collateral Agent shall be entitled to exercise all of the

rights of the Grantor granting the security interest in any Pledged Stock, and a transferee or assignee of such Pledged Stock shall

become a holder of such Pledged Stock to the same extent as the Grantor and be entitled to participate in the management of the

issuer of such Pledged Stock and, upon the transfer of the entire interest of the Grantor, the Grantor shall, by operation of law,

cease to be a holder of such Pledged Stock.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>3.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Instruments

and Tangible Chattel Paper Formerly Accounts</B>. No amount payable to the Grantor under or in connection with any account is evidenced

by any instrument or tangible chattel paper that has not been delivered to the Collateral Agent, properly endorsed for transfer,

to the extent delivery is required by <B>Section 4.6(a)</B>.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>3.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Intellectual

Property</B>. (a) The Disclosure Certificate sets forth a true and complete list of the following Intellectual Property the Grantor

owns, licenses or otherwise has the right to use: (i) Intellectual Property that is registered or subject to applications for registration,

(ii) Internet Domain Names and (iii) Intellectual Property and Software, separately identifying that owned and licensed to the

Grantor and including for each of the foregoing items (1) the owner, (2) the title, (3) the jurisdiction in which such item has

been registered or otherwise arises or in which an application for registration has been filed, (4) as applicable, the registration

or application number and registration or application date and (5) any IP Licenses or other rights (including franchises) granted

by the Grantor with respect thereto.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On

the Closing Date, all Intellectual Property owned by the Grantor is valid, in full force and effect, subsisting, unexpired and

enforceable, and no Intellectual Property has been abandoned. No breach or default of any material IP License shall be caused by

any of the following, and none of the following shall limit or impair the ownership, use, validity or enforceability of, or any

rights of the Grantor in, any Intellectual Property: (i) the consummation of the transactions contemplated by any Transaction Document

or (ii) any holding, decision, judgment or order rendered by any Governmental Authority. There are no pending (or, to the knowledge

of the Grantor, threatened) actions, investigations, suits, proceedings, audits, claims, demands, orders or disputes challenging

the ownership, use, validity, enforceability of, or the Grantor&rsquo;s rights in, any Intellectual Property of the Grantor. To

the Grantor&rsquo;s knowledge, no Person has been or is infringing, misappropriating, diluting, violating or otherwise impairing

any Intellectual Property of the Grantor. The Grantor, and to the Grantor&rsquo;s knowledge each other party thereto, is not in

material breach or default of any material IP License.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>3.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Commercial

Tort Claims</B>. The only commercial tort claims of the Grantor existing on the date hereof (regardless of whether the amount,

defendant or other material facts can be determined and regardless of whether such commercial tort claim has been asserted, threatened

or has otherwise been made known to the obligee thereof or whether litigation has been commenced for such claims) are those listed

on the Disclosure Certificate.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>3.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Specific

Collateral</B>. None of the Collateral is or is proceeds or products of farm products, as-extracted collateral, health-care-insurance

receivables or timber to be cut.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>3.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Enforcement</B>.

No Permit, notice to or filing with any Governmental Authority or any other Person or any consent from any Person is required for

the exercise by the Collateral Agent of its rights (including voting rights) provided for in this Agreement or the enforcement

of remedies in respect of the Collateral pursuant to this Agreement, including the transfer of any Collateral, except as may be

required in connection with the disposition of any portion of the Pledged Collateral by laws affecting the offering and sale of

securities generally or any approvals that may be required to be obtained from any bailees or landlords to collect the Collateral.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>3.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Representations

and Warranties of the Purchase Agreement</B>. The representations and warranties as to the Grantor and its Subsidiaries made by

the Company in <B>Section 3</B> (<B>Representations and Warranties</B>) of the Purchase Agreement are true and correct.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">ARTICLE

IV </FONT>COVENANTS</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Grantor agrees

with the Collateral Agent and the other Purchaser Parties to the following, as long as any Obligation remains outstanding and,

in each case, unless the Collateral Agent and the Required Purchasers otherwise consent in writing:</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>4.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT>Maintenance

of Perfected Security Interest; Further Documentation and Consents.</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The

Grantor shall (i) not use or permit any Collateral to be used unlawfully or in violation of any provision of any Transaction Document,

any Regulation or any policy of insurance covering the Collateral and (ii) not enter into any agreement, obligation or undertaking

restricting the right or ability of the Grantor or the Collateral Agent to enter into an Asset Sale, if such restriction would

have a Material Adverse Effect.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The

Grantor shall maintain the security interest created by this Agreement as a perfected security interest having at least the priority

described in <B>Section 3.2</B> and shall defend such security interest and such priority against the claims and demands of all

Persons (other than the Purchaser Parties).</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The

Grantor shall furnish to the Collateral Agent from time to time updates to the Disclosure Certificate and other lists, schedules

and other documentation as may be requested by the Collateral Agent further identifying and describing the Collateral and such

other documentation in connection with the Collateral as the Collateral Agent may reasonably request, all in reasonable detail

and in form and substance satisfactory to the Collateral Agent.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At

any time and from time to time, upon the written request of the Collateral Agent, the Grantor shall, for the purpose of obtaining

or preserving the full benefits of this Agreement and of the rights and powers herein granted, (i) promptly and duly execute and

deliver, and have recorded, such further documentation, including an authorization to file (or, as applicable, the filing) of any

financing statement or amendment under the UCC (or other filings under similar Regulations) in effect in any jurisdiction with

respect to the security interest created hereby and (ii) take such further action as the Collateral Agent may reasonably request,

including (A) using its best efforts to secure all approvals necessary or appropriate for the assignment to or for the benefit

of the Collateral Agent of any Permit or other agreement, including any IP License, held by the Grantor and to enforce the security

interests granted hereunder and (B) [reserved].</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If

requested by the Collateral Agent, the Grantor shall arrange for the Collateral Agent&rsquo;s first priority security interest

to be noted on the certificate of title of each Vehicle and shall file any other necessary documentation in each jurisdiction that

the Collateral Agent shall deem advisable to perfect its security interests in any Vehicle.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To

ensure that any of the Excluded Property set forth in <B>clause (ii)</B> of the definition of &ldquo;Excluded Property&rdquo; becomes

part of the Collateral, the Grantor shall use its best efforts to obtain any required consents from any Person (other than any

Company Party and their respective Affiliates) with respect to any Permit or Contractual Obligation with such Person entered into

by the Grantor that requires such consent as a condition to the creation by the Grantor of a Lien on all or part of such Excluded

Property.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>4.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Changes

in Locations, Name, Etc.</B></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except

upon 30 days&rsquo; prior written notice to the Collateral Agent and delivery to the Collateral Agent of all documentation reasonably

requested by the Collateral Agent to maintain the validity, perfection and priority of the security interests granted in the Transaction

Documents, the Grantor shall not do any of the following:</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;change

its jurisdiction of organization or its location, in each case from that referred to in <B>Section 3.3</B>; or</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;change

its legal name or organizational identification number, if any, or corporation, limited liability company, partnership or other

organizational structure to such an extent that any financing statement filed in connection with this Agreement would become misleading.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The

Grantor shall not permit any inventory or equipment to be kept at a location other than those listed on the Disclosure Certificate,

except for inventory or equipment in transit.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>4.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Pledged

Collateral</B>.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The

Grantor shall (i) deliver to the Collateral Agent, in suitable form for transfer and in form and substance satisfactory to the

Collateral Agent, (A) all Pledged Certificated Stock, (B) all Pledged Debt Instruments and (C) all certificates and instruments

evidencing Pledged Investment Property and (ii) [reserved].</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Event

of Default</B>. During the continuance of an Event of Default, the Collateral Agent shall have the right, at any time in its discretion

and without notice to the Grantor, to (i) transfer to or to register in its name or in the name of its nominees any Pledged Collateral

or any Pledged Investment Property and (ii) exchange any certificate or instrument representing or evidencing any Pledged Collateral

or any Pledged Investment Property for certificates or instruments of smaller or larger denominations.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Cash

Distributions with respect to Pledged Collateral</B>. Except as provided in <B>Article V</B>, the Grantor shall be entitled to

receive all cash distributions paid in respect of the Pledged Collateral.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Voting

Rights</B>. Except as provided in <B>Article V</B>, the Grantor shall be entitled to exercise all voting, consent and corporate,

partnership, limited liability company and similar rights with respect to the Pledged Collateral; <B>provided</B>, that no vote

shall be cast, consent given or right exercised or other action taken by the Grantor that would impair the Collateral or be inconsistent

with or result in any violation of any provision of any Transaction Document.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>4.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Accounts</B>.

(a) The Grantor shall not, other than in the ordinary course of business, (i) grant any extension of the time of payment of any

account, (ii) compromise or settle any account for less than the full amount thereof, (iii) release, wholly or partially, any Person

liable for the payment of any account, (iv) allow any credit or discount on any account or (v) amend, supplement or modify any

account in any manner that could adversely affect the value thereof.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The

Collateral Agent shall have the right to make test verifications of the Accounts in any manner and through any medium that it reasonably

considers advisable, and, subject to the requirements set forth in <B>Section 4.7 (Material Non-Public Information)</B> of the

Purchase Agreement, the Grantor shall furnish all such assistance and information as the Collateral Agent may reasonably require

in connection therewith. At any time and from time to time, upon the Collateral Agent&rsquo;s request, subject to the requirements

set forth in <B>Section 4.7 (Material Non-Public Information)</B> of the Purchase Agreement, the Grantor shall cause independent

public accountants or others satisfactory to the Collateral Agent to furnish to the Collateral Agent reports showing reconciliations,

aging and test verifications of, and trial balances for, the accounts.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>4.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Equipment

and Commodity Contracts</B>. (a) The Grantor will use all equipment constituting Collateral solely in the ordinary course of business,

will keep all tangible Collateral in good order and repair, and will not waste or destroy any part of the Collateral. The Grantor

will not use any of the Collateral in violation of any Regulation in any material respect.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except

in the ordinary course of business (to the extent disclosed to the Purchasers and the Collateral Agent prior to the date hereof)

and except as expressly permitted by this Agreement or the Purchase Agreement, the Collateral Agent does not authorize the Grantor

to, and the Grantor will not, without the Collateral Agent&rsquo;s prior written consent, sell, lease, assign, license, transfer,

or otherwise dispose of or in any manner alter, modify, manufacture, process, or assemble the Collateral or any part thereof.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The

Grantor may dispose of any equipment constituting Collateral which is worn out, destroyed, or damaged beyond repair; <B>provided,</B>

that the Grantor (i) promptly replaces such disposed of equipment with new equipment, free of any Lien except for Permitted Liens,

which has a value or utility at least equal as of the date of replacement to the value or utility of the replaced equipment as

of the date hereof and (ii) provides the Collateral Agent with at least five (5) Business Days&rsquo; prior written notice of any

such disposition of Equipment.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The

Grantor shall not have any commodity contract other than with a Person approved by the Collateral Agent and subject to a Control

Agreement.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>4.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Delivery

of Instruments and Tangible Chattel Paper and Control of Investment Property, Letter-of-Credit Rights and Electronic Chattel Paper</B>.

(a) If any amount payable under or in connection with any Collateral owned by the Grantor shall be or become evidenced by an instrument

or tangible chattel paper other than such instrument delivered in accordance with Section 4.3(a) and in the possession of the Collateral

Agent, the Grantor shall mark all such instruments and tangible chattel paper with the following legend: &ldquo;This writing and

the obligations evidenced or secured hereby are subject to the security interest Balmoral Financial Group LLC, as Collateral Agent&rdquo;

and, at the request of the Collateral Agent, shall immediately deliver such instrument or tangible chattel paper to the Collateral

Agent, duly indorsed in a manner satisfactory to the Collateral Agent.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The

Grantor shall not grant &ldquo;control&rdquo; (within the meaning of such term under Article 9-106 of the UCC) over any investment

property to any Person other than the Collateral Agent.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If

the Grantor is or becomes the beneficiary of a letter of credit that is not a supporting obligation of any Collateral, the Grantor

shall promptly, and in any event within two (2) Business Days after becoming a beneficiary, notify the Collateral Agent thereof

and enter into an agreement with the Collateral Agent, the issuer of such letter of credit or any nominated person with respect

to the letter-of-credit rights under such letter of credit. Such agreement shall assign such letter-of-credit rights to the Collateral

Agent and such assignment shall be sufficient to grant control for the purposes of Section 9-107 of the UCC (or any similar section

under any equivalent UCC). Such agreement shall also direct all payments thereunder to an account controlled (as defined in the

UCC) by the Collateral Agent. The provisions of such agreement shall be in form and substance reasonably satisfactory to the Collateral

Agent.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If

any amount payable under or in connection with any Collateral owned by the Grantor shall be or become evidenced by electronic chattel

paper, the Grantor shall take all steps necessary to grant the Collateral Agent control of all such electronic chattel paper for

the purposes of Section 9-105 of the UCC (or any similar section under any equivalent UCC) and all &ldquo;transferable records&rdquo;

as defined in each of the Uniform Electronic Transactions Act and the Electronic Signatures in Global and National Commerce Act.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>4.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Intellectual

Property</B>. (a) Within 60 days after inclusion of any new Intellectual Property in the Disclosure Certificate, the Grantor shall

provide the Collateral Agent notification thereof and the short-form intellectual property agreements and assignments as described

in this <B>Section 4.7</B> and other documentation that the Collateral Agent reasonably requests with respect thereto.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The

Grantor shall (and shall cause all its licensees to) (i) (1) continue to use each Trademark included in the Intellectual Property

in order to maintain such Trademark in full force and effect with respect to each class of goods for which such Trademark is currently

used, free from any claim of abandonment for non-use, (2) maintain at least the same standards of quality of products and services

offered under such Trademark as are currently maintained, (3) use such Trademark with the appropriate notice of registration and

all other notices and legends required by applicable Regulations, (4) not adopt or use any other Trademark that is confusingly

similar or a colorable imitation of such Trademark unless the Collateral Agent shall obtain a perfected security interest in such

other Trademark pursuant to this Agreement and (ii) not do any act or omit to do any act whereby (w) such Trademark (or any goodwill

associated therewith) may become destroyed, invalidated, impaired or harmed in any way, (x) any Patent included in the Intellectual

Property may become forfeited, misused, unenforceable, abandoned or dedicated to the public, (y) any portion of the Copyrights

included in the Intellectual Property may become invalidated, otherwise impaired or fall into the public domain or (z) any Trade

Secret that is Intellectual Property may become publicly available or otherwise unprotectable.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The

Grantor shall notify the Collateral Agent immediately if it knows, or has reason to know, that any application or registration

relating to any Intellectual Property may become forfeited, misused, unenforceable, abandoned or dedicated to the public, or of

any adverse determination or development regarding the validity or enforceability or the Grantor&rsquo;s ownership of, interest

in, right to use, register, own or maintain any Intellectual Property (including the institution of, or any such determination

or development in, any proceeding relating to the foregoing in any Applicable IP Office). The Grantor shall take all actions that

are necessary or reasonably requested by the Collateral Agent to maintain and pursue each application (and to obtain the relevant

registration or recordation) and to maintain each registration and recordation included in the Intellectual Property.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The

Grantor shall not knowingly do any act or omit to do any act to infringe, misappropriate, dilute, violate or otherwise impair the

Intellectual Property of any other Person. In the event that any Intellectual Property of the Grantor is or has been infringed,

misappropriated, violated, diluted or otherwise impaired by a third party, the Grantor shall take such action as it reasonably

deems appropriate under the circumstances in response thereto, including promptly bringing suit and recovering all damages therefor.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The

Grantor shall execute and deliver to the Collateral Agent in form and substance reasonably acceptable to the Collateral Agent and

suitable for (i) filing in the Applicable IP Office the short-form patent security agreement in the form attached hereto as <B>Annex

3</B> for all Patents of the Grantor and (ii) recording with the appropriate Internet domain name registrar, a duly executed form

of assignment for all Internet Domain Names of the Grantor (together with appropriate supporting documentation as may be requested

by the Collateral Agent).</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>4.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Landlord

Waivers</B>. If any Collateral is at any time not in transit and located on any Real Property not owned and possessed by a Grantor,

the Grantor shall provide prompt written notice to the Collateral Agent and notify any owner, lessor, licensor of any part of,

or any other Person having any right to enter on any part of, such Real Property of the Collateral Agent&rsquo;s security interest

in such Collateral. Upon the Collateral Agent&rsquo;s request and option, the Grantor shall (i) instruct each such owner, lessor,

licensor and other Person to hold all such Collateral for the Collateral Agent&rsquo;s account subject to the Grantor&rsquo;s instructions,

or, if an Event of Default shall have occurred, subject to the Collateral Agent&rsquo;s instructions and (ii) cause each such owner,

lessor, licensor and other Person to enter into a landlord waiver in form and substance satisfactory to the Collateral Agent.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>4.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Third-Party

Possession or Control</B>. If any Collateral is at any time in the possession or control of any warehouseman, bailee, agent or

independent contractor, the Grantor shall provide prompt written notice to the Collateral Agent and notify such warehouseman, bailee,

agent or independent contractor of the Collateral Agent&rsquo;s security interest in such Collateral. Upon the Collateral Agent&rsquo;s

request and option, the Grantor shall (i) instruct any such warehouseman, bailee, agent or independent contractor to hold all such

Collateral for the Collateral Agent&rsquo;s account subject to the Grantor&rsquo;s instructions, or, if an Event of Default shall

have occurred, subject to the Collateral Agent&rsquo;s instructions and (ii) cause any such warehouseman, bailee, agent or independent

contractor to enter into a collateral access agreement in form and substance satisfactory to the Collateral Agent.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>4.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Acquired

Real Property</B>. In the event the Grantor hereafter acquires any interest in any Real Property, the Grantor shall promptly: (a)

provide the Collateral Agent with a description of the location of the applicable Real Property; (b) provide the Collateral Agent

with a legal description of such Real Property sufficient to enable the Collateral Agent to record the financing statements in

the appropriate Real Property records and the name of the record owner of the real estate if other than the Grantor and real estate

descriptions; and (c) pay to the Collateral Agent the related filing fee and any recording or stamp taxes due in connection with

such filings.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>4.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Notices</B>.

The Grantor shall promptly notify the Collateral Agent in writing of its acquisition of any interest hereafter in property that

is of a type where a security interest or lien must be or may be registered, recorded or filed under, or notice thereof given under,

any federal statute or regulation. In addition, the Grantor shall promptly notify the Collateral Agent of each of the following:

(a) any material adverse change in the Grantor&rsquo;s financial condition or any change that materially affects any of the Collateral

or the related security interest, (b) any claim, action, or proceeding which could materially and adversely affect the value of,

or any the Grantor&rsquo;s title to, any of the Collateral, or the effectiveness of the security interest, and (c) the occurrence

of any Event of Default.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>4.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Notice

of Commercial Tort Claims</B>. The Grantor agrees that, if it shall acquire any interest in any commercial tort claim (whether

from another Person or because such commercial tort claim shall have come into existence), (i) the Grantor shall deliver to the

Collateral Agent within fifteen (15) calendar days of such acquisition, an update to the Disclosure Certificate that shall include

a specific description of such commercial tort claim and the Grantor shall deliver any information about such commercial tort claim

as the Collateral Agent shall reasonable request, (ii) <B>Section 2.1</B> shall apply to such commercial tort claim and (iii) within

fifteen (15) calendar days of such acquisition, the Grantor shall execute and deliver to the Collateral Agent, in each case in

form and substance satisfactory to the Collateral Agent, any documentation, and take all other action, deemed by the Collateral

Agent to be reasonably necessary or appropriate for the Collateral Agent to obtain, a perfected security interest having at least

the priority set forth in <B>Section 3.2</B> in all such commercial tort claims.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>4.13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Compliance

with Purchase Agreement</B>. The Grantor hereby makes all representations and warranties, and agrees to comply with all covenants

and other provisions, applicable to it or any of its Subsidiaries under the Purchase Agreement, including <B>Section 3.1 Representations

and Warranties of the Company Parties, 4.8 Use of Proceeds, 4.9 Indemnification of Each Purchaser Party, 5.8 Collateral Agent May

File Proof of Claims and 6.2 Fees and Expenses </B>and of the Purchase Agreement and agrees to the same submission to jurisdiction

as that agreed to by the Company in the Purchase Agreement. Any update to the Disclosure Certificate delivered in accordance with

the Transaction Documents shall, after the receipt thereof by the Collateral Agent, become part of the Disclosure Certificate for

all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">ARTICLE

V </FONT>REMEDIES</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>5.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Code

and Other Remedies</B>.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>UCC

Remedies</B>. During the continuance of an Event of Default, the Collateral Agent may exercise, in addition to all other rights

and remedies granted to it in this Agreement and in any other instrument or agreement securing, evidencing or relating to any Secured

Obligation, all rights and remedies of a Purchaser Party under the UCC or any other applicable law.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Disposition

of Collateral.</B> Without limiting the generality of the foregoing, the Collateral Agent may, without demand of performance or

other demand, presentment, protest, advertisement or notice of any kind (except any notice required by law referred to below) to

or upon the Grantor or any other Person (all and each of which demands, defenses, advertisements and notices are hereby waived),

during the continuance of any Event of Default (personally or through its agents or attorneys), (i) enter upon the premises where

any Collateral is located, without any obligation to pay rent, through self-help, without judicial process, without first obtaining

a final judgment or giving the Grantor or any other Person notice or opportunity for a hearing on the Collateral Agent&rsquo;s

claim or action, (ii) collect, receive, appropriate and realize upon any Collateral and (iii) as further set forth herein, enter

into transfers, sales, or other dispositions of, grant option or options to purchase and deliver, any Collateral (enter into any

Contractual Obligation to do any of the foregoing), in one or more parcels at public or private sale or sales, at any exchange,

broker&rsquo;s board or office of any Purchaser Party or elsewhere upon such terms and conditions and times and locations as it

may deem advisable and at such prices as it may deem best, for cash or on credit or for future delivery without assumption of any

credit risk.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Regulated

Sales</B>. To the extent, and only to the extent, required by Regulation and prohibited by Regulation to be waived by the Grantor

(which the Grantor hereby expressly waives to the fullest extent permitted by Regulation), the Grantor agrees that ten (10) days&rsquo;

written notice is reasonable notice within the meaning of Section 9-611 of the UCC or its equivalent in other jurisdictions of

the Collateral Agent&rsquo;s intention to make any transfer, sale or other dispositions of any Collateral. Any such public sale

shall be held at such time or times within ordinary business hours and at such place or places as the Collateral Agent may fix

and state in the notice (if any) of such sale. At any such sale, the Collateral, or portion thereof, to be sold may be sold in

one lot as an entirety or in separate parcels, as the Collateral Agent may determine in its sole and absolute discretion. The Collateral

Agent shall not be obligated to sell any Collateral if it shall determine not to do so, regardless of the fact that notice of sale

of such Collateral shall have been given. The Collateral Agent may, without notice or publication, adjourn any public or private

sale or cause the same to be adjourned from time to time by announcement at the time and place fixed for sale, and such sale may,

without further notice, be made at the time and place to which the same was so adjourned. In case any sale of all or any part of

the Collateral is made on credit or for future delivery, the Collateral so sold may be retained by the Collateral Agent until the

sale price is paid by the purchaser or purchasers thereof, but none of the Collateral Agent or the other Purchaser Parties shall

incur any Liability in case any such purchaser or purchasers shall fail to take up and pay for the Collateral so sold and, in case

of any such failure, such Collateral may be sold again upon like notice. At any public (or, to the extent permitted by Regulations,

private) sale made in accordance with the Transaction Documents, the Collateral Agent and any other Purchaser Party may bid for

or purchase, free (to the extent permitted by Regulation) from any right or equity of redemption, stay, valuation or appraisal

on the part of the Grantor (all said rights being also hereby waived and released to the extent permitted by law), the Collateral

or any part thereof offered for sale and may make payment on account thereof by using any Obligation then due and payable to the

Purchaser Parties (in the case of the Collateral Agent) or, as the case may be, such Purchaser Party from the Grantor as a credit

against the purchase price, and the Collateral Agent (or, as the case may be, such Purchaser Party) may, upon compliance with the

terms of sale, hold, retain and dispose of such property without further accountability to the Grantor therefor. For purposes hereof,

a written agreement to purchase the Collateral or any portion thereof shall be treated as a sale thereof; the Collateral Agent

shall be free to carry out such sale pursuant to such agreement and no Grantor shall be entitled to the return of the Collateral

or any portion thereof subject thereto, notwithstanding the fact that after the Collateral Agent shall have entered into such an

agreement, all Events of Default shall have been remedied and no Obligation shall remain outstanding. As an alternative to exercising

the power of sale herein conferred upon it, the Collateral Agent may proceed by a suit or suits at law or in equity to foreclose

this Agreement and to sell the Collateral or any portion thereof pursuant to a judgment or decree of a court or courts having competent

jurisdiction or pursuant to a proceeding by a court-appointed receiver. Any sale pursuant to the provisions of this <B>Section

5.1</B> shall be deemed to conform to the commercially reasonable standards as provided in Section 9-610(b) of the UCC or its equivalent

in other jurisdictions.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Management

of the Collateral.</B> The Grantor further agrees, that, during the continuance of any Event of Default, (i) at the Collateral

Agent&rsquo;s request, it shall assemble the Collateral and make it available to the Collateral Agent at places that the Collateral

Agent shall reasonably select, whether at the Grantor&rsquo;s premises or elsewhere, (ii) without limiting the foregoing, the Collateral

Agent also has the right to require that the Grantor store and keep any Collateral pending further action by the Collateral Agent

and, while any such Collateral is so stored or kept, provide such guards and maintenance services as shall be necessary to protect

the same and to preserve and maintain such Collateral in good condition, (iii) until the Collateral Agent is able to enter into

an asset sale with respect to any Collateral, the Collateral Agent shall have the right to hold or use such Collateral to the extent

that it deems appropriate for the purpose of preserving the Collateral or its value or for any other purpose deemed appropriate

by the Collateral Agent and (iv) the Collateral Agent may, if it so elects, seek the appointment of a receiver or keeper to take

possession of any Collateral and to enforce any of the Collateral Agent&rsquo;s remedies (for the benefit of the Purchaser Parties),

with respect to such appointment without prior notice or hearing as to such appointment. The Collateral Agent shall not have any

obligation to the Grantor to maintain or preserve the rights of the Grantor as against third parties with respect to any Collateral

while such Collateral is in the possession of the Collateral Agent.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Application

of Proceeds.</B> The Collateral Agent shall apply the cash proceeds of any action taken by it pursuant to this <B>Section 5.1</B>,

after deducting all reasonable costs and expenses of every kind incurred in connection therewith or incidental to the care or safekeeping

of any Collateral or in any way relating to the Collateral or the rights of the Collateral Agent and any other Purchaser Party

hereunder, including reasonable attorneys&rsquo; fees and disbursements, to the payment in whole or in part of the Obligations,

as set forth in the Purchase Agreement, and only after such application and after the payment by the Collateral Agent of any other

amount required by any Regulation, need the Collateral Agent account for the surplus, if any, to the Grantor.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Direct

Obligation</B>. Neither the Collateral Agent nor any other Purchaser Party shall be required to make any demand upon, or pursue

or exhaust any right or remedy against, the Grantor, any other Purchaser Party or any other Person with respect to the payment

of the Obligations or to pursue or exhaust any right or remedy with respect to any Collateral therefor or any direct or indirect

guaranty thereof. All of the rights and remedies of the Collateral Agent and any other Purchaser Party under any Transaction Document

shall be cumulative, may be exercised individually or concurrently and not exclusive of any other rights or remedies provided by

any Regulation. To the extent it may lawfully do so, the Grantor absolutely and irrevocably waives and relinquishes the benefit

and advantage of, and covenants not to assert against the Collateral Agent or any Collateral Agent, any valuation, stay, appraisement,

extension, redemption or similar laws and any and all rights or defenses it may have as a surety, now or hereafter existing, arising

out of the exercise by them of any rights hereunder. If any notice of a proposed sale or other disposition of any Collateral shall

be required by law, such notice shall be deemed reasonable and proper if given at least 10 days before such sale or other disposition.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Commercially

Reasonable</B>. To the extent that applicable Regulations impose duties on the Collateral Agent to exercise remedies in a commercially

reasonable manner, the Grantor acknowledges and agrees that it is not commercially unreasonable for the Collateral Agent to do

any of the following:</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;fail

to incur significant costs, expenses or other Liabilities reasonably deemed as such by the Collateral Agent to prepare any Collateral

for disposition or otherwise to complete raw material or work in process into finished goods or other finished products for disposition;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;fail

to obtain Permits, or other consents, for access to any Collateral to dispose of, or for the collection of, any Collateral, or,

if not required by other Regulations, fail to obtain Permits or other consents for the collection or disposition of any Collateral;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;fail

to exercise remedies against account debtors or other Persons obligated on any Collateral or to remove Liens on any Collateral

or to remove any adverse claims against any Collateral;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;advertise

dispositions of any Collateral through publications or media of general circulation, whether or not such Collateral is of a specialized

nature or to contact other Persons, whether or not in the same business as the Grantor, for expressions of interest in acquiring

any such Collateral;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;exercise

collection remedies against account debtors and other Persons obligated on any Collateral, directly or through the use of collection

agencies or other collection specialists, hire one or more professional auctioneers to assist in the disposition of any Collateral,

whether or not such Collateral is of a specialized nature or, to the extent deemed appropriate by the Collateral Agent, obtain

the services of other brokers, investment bankers, consultants and other professionals to assist the Collateral Agent in the collection

or disposition of any Collateral, or utilize Internet sites that provide for the auction of assets of the types included in the

Collateral or that have the reasonable capacity of doing so, or that match buyers and sellers of assets to dispose of any Collateral;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">dispose of assets in private sales instead of, or through exchange

or wholesale rather than, retail markets;</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;disclaim

disposition warranties, such as title, possession or quiet enjoyment; or</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;purchase

insurance or credit enhancements to insure the Collateral Agent against risks of loss, collection or disposition of any Collateral

or to provide to the Collateral Agent a guaranteed return from the collection or disposition of any Collateral.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Grantor acknowledges that the purpose

of this <B>Section 5.1</B> is to provide a non-exhaustive list of actions or omissions that are commercially reasonable when exercising

remedies against any Collateral and that other actions or omissions by the Purchaser Parties shall not be deemed commercially unreasonable

solely on account of not being indicated in this <B>Section 5.1</B>. Without limitation upon the foregoing, nothing contained in

this <B>Section 5.1</B> shall be construed to grant any rights to the Grantor or to impose any duties on the Collateral Agent that

would not have been granted or imposed by this Agreement or by applicable Regulations in the absence of this <B>Section 5.1</B>.</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>IP

Licenses</B>. For the purpose of enabling the Collateral Agent to exercise rights and remedies under this <B>Section 5.1</B> (including

in order to take possession of, collect, receive, assemble, process, appropriate, remove, realize upon, enter into an asset sale

with respect to, or grant options to purchase any Collateral) at such time as the Collateral Agent shall be lawfully entitled to

exercise such rights and remedies, the Grantor hereby grants to the Collateral Agent, for the benefit of the Purchaser Parties,

(i) an irrevocable, nonexclusive, worldwide license (exercisable without payment of royalty or other compensation to the Grantor),

including in such license the right to sublicense, use and practice any Intellectual Property now owned or hereafter acquired by

the Grantor and access to all media in which any of the licensed items may be recorded or stored and to all Software and programs

used for the compilation or printout thereof and (ii) an irrevocable license (without payment of rent or other compensation to

the Grantor) to use, operate and occupy all Real Property owned, operated, leased, subleased or otherwise occupied by the Grantor.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Performance

by the Collateral Agent or any other Purchaser Party</B>. The Collateral Agent may, but is not obligated to, perform or attempt

to perform any Contractual Obligation of the Grantor contained herein with or without prior written notice to the Grantor. If any

material part of the Collateral becomes the subject of any Proceeding and the Grantor fails to defend fully such Proceeding and

to protect the Grantor&rsquo;s and Purchaser Parties&rsquo; rights in such Collateral in good faith, the Collateral Agent may,

at its option but at Grantor&rsquo;s cost, elect to defend and control the defense of such litigation or other proceeding, and

may (i) select and retain counsel, (ii) determine whether settlement shall be offered or accepted, and (iii) determine and negotiate

all settlement terms.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Accounts

and Payments in Respect of General Intangibles</B>.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In

addition to, and not in substitution for, any similar requirement in the Purchase Agreement, if required by the Collateral Agent

at any time during the continuance of an Event of Default, any payment of accounts or payment in respect of general intangibles,

when collected by the Grantor, shall be promptly (and, in any event, within two (2) Business Days) deposited by the Grantor in

the exact form received, duly indorsed by the Grantor to the Collateral Agent, in a Collection Account, subject to withdrawal by

the Collateral Agent as provided in <B>Section 5.4</B>. Until so turned over, such payment shall be held by the Grantor in trust

for the Collateral Agent, segregated from other funds of the Grantor. Each such deposit of proceeds of accounts and payments in

respect of general intangibles shall be accompanied by a report identifying in reasonable detail the nature and source of the payments

included in the deposit.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At

any time during the continuance of an Event of Default:</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the

Grantor shall, upon the Collateral Agent&rsquo;s request, deliver to the Collateral Agent all original and other documentation

evidencing, and relating to, the agreements, arrangements and transactions that gave rise to any account or any payment in respect

of general intangibles, including all original orders, invoices and shipping receipts and notify account debtors that the accounts

or general intangibles have been collaterally assigned to the Collateral Agent and that payments in respect thereof shall be made

directly to the Collateral Agent;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the

Collateral Agent may, without notice, at any time during the continuance of an Event of Default, limit or terminate the authority

of the Grantor to collect its accounts or amounts due under general intangibles or any thereof and, in its own name or in the name

of others, communicate with account debtors to verify with them to the Collateral Agent&rsquo;s satisfaction the existence, amount

and terms of any account or amounts due under any general intangible. In addition, the Collateral Agent may at any time enforce

the Grantor&rsquo;s rights against such account debtors and obligors of general intangibles; and</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the

Grantor shall take all actions, deliver all documentation and provide all information necessary or reasonably requested by the

Collateral Agent to ensure any Internet Domain Name is registered.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



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    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Anything

herein to the contrary notwithstanding, the Grantor shall remain liable under each account and each payment in respect of general

intangibles to observe and perform all the conditions and obligations to be observed and performed by it thereunder, all in accordance

with the terms of any agreement giving rise thereto. No Purchaser Party shall have any obligation or liability under any agreement

giving rise to an account or a payment in respect of a general intangible by reason of or arising out of any Transaction Document

or the receipt by any Purchaser Party of any payment relating thereto, nor shall any Purchaser Party be obligated in any manner

to perform any obligation of the Grantor under or pursuant to any agreement giving rise to an account or a payment in respect of

a general intangible, to make any payment, to make any inquiry as to the nature or the sufficiency of any payment received by it

or as to the sufficiency of any performance by any party thereunder, to present or file any claim, to take any action to enforce

any performance or to collect the payment of any amounts that may have been assigned to it or to which it may be entitled at any

time or times.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>5.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Pledged

Collateral</B>.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Voting

Rights</B>. During the continuance of an Event of Default, upon notice by the Collateral Agent to the Grantor, the Collateral Agent

or its nominee may exercise (A) any voting, consent, corporate and other right pertaining to the Pledged Collateral at any meeting

of shareholders, partners or members, as the case may be, of the relevant issuer or issuers of Pledged Collateral or otherwise

and (B) any right of conversion, exchange and subscription and any other right, privilege or option pertaining to the Pledged Collateral

as if it were the absolute owner thereof (including the right to exchange at its discretion any Pledged Collateral upon the merger,

amalgamation, consolidation, reorganization, recapitalization or other fundamental change in the corporate or equivalent structure

of any issuer of Pledged Stock, the right to deposit and deliver any Pledged Collateral with any committee, depositary, transfer

agent, registrar or other designated agency upon such terms and conditions as the Collateral Agent may determine), all without

liability except to account for property actually received by it; <B>provided</B>, <B>however</B>, that the Collateral Agent shall

have no duty to the Grantor to exercise any such right, privilege or option and shall not be responsible for any failure to do

so or delay in so doing.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Proxies</B>.

In order to permit the Collateral Agent to exercise the voting and other consensual rights that it may be entitled to exercise

pursuant hereto and to receive all dividends and other distributions that it may be entitled to receive hereunder, (i) the Grantor

shall promptly execute and deliver (or cause to be executed and delivered) to the Collateral Agent all such proxies, dividend payment

orders and other instruments as the Collateral Agent may from time to time reasonably request and (ii) without limiting the effect

of <B>clause (i)</B> above, the Grantor hereby grants to the Collateral Agent an irrevocable proxy to vote all or any part of the

Pledged Collateral and to exercise all other rights, powers, privileges and remedies to which a holder of the Pledged Collateral

would be entitled (including giving or withholding written consents of shareholders, partners or members, as the case may be, calling

special meetings of shareholders, partners or members, as the case may be, and voting at such meetings), which proxy shall be effective,

automatically and without the necessity of any action (including any transfer of any Pledged Collateral on the record books of

the issuer thereof) by any other person (including the issuer of such Pledged Collateral or any officer or agent thereof) during

the continuance of an Event of Default and which proxy shall remain in place as long as any Obligation shall remain outstanding.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Authorization

of Issuers</B>. The Grantor hereby expressly irrevocably authorizes and instructs, without any further instructions from the Grantor,

each issuer of any Pledged Collateral pledged hereunder by the Grantor to (i) comply with any instruction received by it from the

Collateral Agent in writing that states that an Event of Default is continuing and is otherwise in accordance with the terms of

this Agreement and the Grantor agrees that such issuer shall be fully protected from Liabilities to the Grantor in so complying

and (ii) unless otherwise expressly permitted hereby, pay any dividend or make any other payment with respect to the Pledged Collateral

directly to the Collateral Agent.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>5.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Proceeds

to be Turned over to and Held by Collateral Agent</B>. Unless otherwise expressly provided in the Purchase Agreement or this Agreement,

all proceeds of any Collateral received by the Grantor hereunder in Cash, certificates of deposit, bankers&rsquo; acceptances,

time and demand deposits and other similar cash equivalents shall be held by the Grantor in trust for the Collateral Agent and

the other Purchaser Parties, segregated from other funds of the Grantor, and shall, promptly upon receipt by the Grantor, be turned

over to the Collateral Agent in the exact form received (with any necessary endorsement). All such proceeds and other proceeds

being held by the Collateral Agent (or by the Grantor in trust for the Collateral Agent) shall continue to be held as collateral

security for the Secured Obligations and shall not constitute payment thereof until applied as provided in the Purchase Agreement.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>5.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Registration

Rights</B>.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If,

in the opinion of the Collateral Agent, it is necessary or advisable to transfer any portion of the Pledged Collateral by registering

such Pledged Collateral under the provisions of the Securities Act of 1933 (the &ldquo;<B>Securities Act</B>&rdquo;), the Grantor

shall cause the issuer thereof to do or cause to be done all acts as may be, in the opinion of the Collateral Agent, necessary

or advisable to register such Pledged Collateral or that portion thereof to be transferred under the provisions of the Securities

Act, all as directed by the Collateral Agent in conformity with the requirements of the Securities Act and the rules and regulations

of the Securities and Exchange Commission applicable thereto and in compliance with the securities or &ldquo;<B>Blue Sky</B>&rdquo;

laws of any jurisdiction that the Collateral Agent shall designate.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The

Grantor recognizes that the Collateral Agent may be unable to effect a public sale of any Pledged Collateral by reason of certain

prohibitions contained in the Securities Act and applicable state or foreign securities laws or otherwise or may determine that

a public sale is impracticable, not desirable or not commercially reasonable and, accordingly, may resort to one or more private

sales thereof to a restricted group of purchasers that shall be obliged to agree, among other things, to acquire such securities

for their own account for investment and not with a view to the distribution or resale thereof. The Grantor acknowledges and agrees

that any such private sale may result in prices and other terms less favorable than if such sale were a public sale and, notwithstanding

such circumstances, agrees that any such private sale shall be deemed to have been made in a commercially reasonable manner. The

Collateral Agent shall be under no obligation to delay a sale of any Pledged Collateral for the period of time necessary to permit

the issuer thereof to register such securities for public sale under the Securities Act or under applicable state securities laws

even if such issuer would agree to do so.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The

Grantor agrees to use its best efforts to do or cause to be done all such other acts as may be necessary to make such sale or sales

of any portion of the Pledged Collateral pursuant to this <B>Section 5.5</B> valid and binding and in compliance with all applicable

Regulations. The Grantor further agrees that a breach of any covenant contained in this <B>Section 5.5</B> will cause irreparable

injury to the Collateral Agent and other Purchaser Parties, that the Collateral Agent and the other Purchaser Parties have no adequate

remedy at law in respect of such breach and, as a consequence, that each and every covenant contained in this <B>Section 5.5</B>

shall be specifically enforceable against the Grantor, and the Grantor hereby waives and agrees not to assert any defense against

an action for specific performance of such covenants except for a defense that no Event of Default has occurred under the Purchase

Agreement.</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>5.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Deficiency</B>.

The Grantor shall remain liable for any deficiency if the proceeds of any sale or other disposition of any Collateral are insufficient

to pay the Secured Obligations and the fees and disbursements of any attorney employed by the Collateral Agent or any other Purchaser

Party to collect such deficiency.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">ARTICLE

VI </FONT>OTHER RIGHTS OF COLLATERAL AGENT</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>6.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Collateral

Agent&rsquo;s Appointment as Attorney-in-Fact</B>. (a) The Grantor hereby irrevocably constitutes and appoints the Collateral Agent

thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in

the place and stead of the Grantor and in the name of the Grantor or in its own name, for the purpose of carrying out the terms

of the Transaction Documents, to take any appropriate action and to execute any documentation or instrument that may be necessary

or desirable to accomplish the purposes of the Transaction Documents, and, without limiting the generality of the foregoing, the

Grantor hereby gives the Collateral Agent the power and right, on behalf of the Grantor, without notice to or assent by the Grantor,

to do any of the following when an Event of Default shall be continuing:</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;in

the name of the Grantor, in its own name or otherwise, take possession of and indorse and collect any check, draft, note, acceptance

or other instrument for the payment of moneys due under any account or general intangible or with respect to any other Collateral

and file any claim or take any other action or proceeding in any court of law or equity or otherwise deemed appropriate by the

Collateral Agent for the purpose of collecting any such moneys due under any account or general intangible or with respect to any

other Collateral whenever payable;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;in

the case of any Intellectual Property owned by or licensed to the Grantor, execute, deliver and have recorded any documentation

that the Collateral Agent may request to evidence, effect, publicize or record the Collateral Agent&rsquo;s security interest in

such Intellectual Property and the goodwill and general intangibles of the Grantor relating thereto or represented thereby;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;pay

or discharge taxes and Liens levied or placed on or threatened against any Collateral, effect any repair or pay any insurance called

for by the terms of the Purchase Agreement (including all or any part of the premiums therefor and the costs thereof);</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;execute,

in connection with any sale provided for in <B>Section 5.1</B> or <B>Section 5.5</B>, any documentation to effect or otherwise

necessary or appropriate in relation to evidence the transfer of any Collateral; or</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)

direct any party liable for any payment under any Collateral to make payment of any moneys due or to become due thereunder directly

to the Collateral Agent or as the Collateral Agent shall direct, (B) ask or demand for, and collect and receive payment of and

receipt for, any moneys, claims and other amounts due or to become due at any time in respect of or arising out of any Collateral,

(C) sign and indorse any invoice, freight or express bill, bill of lading, storage or warehouse receipt, draft against debtors,

assignment, verification, notice and other documentation in connection with any Collateral, (D) commence and prosecute any suit,

action or proceeding at law or in equity in any court of competent jurisdiction to collect any Collateral and to enforce any other

right in respect of any Collateral, (E) defend any actions, suits, proceedings, audits, claims, demands, orders or disputes brought

against the Grantor with respect to any Collateral, (F) settle, compromise or adjust any such actions, suits, proceedings, audits,

claims, demands, orders or disputes and, in connection therewith, give such discharges or releases as the Collateral Agent may

deem appropriate, (G) assign any Intellectual Property owned by the Grantor or any IP Licenses of the Grantor throughout the world

on such terms and conditions and in such manner as the Collateral Agent shall in its sole discretion determine, including the execution

and filing of any documentation necessary to effectuate or record such assignment and (H) generally, enter into an Asset Sale with

respect to, grant a Lien on, enter into any agreement or other obligation with respect to and otherwise deal with, any Collateral

as fully and completely as though the Collateral Agent were the absolute owner thereof for all purposes and do, at the Collateral

Agent&rsquo;s option, at any time or from time to time, all acts and things that the Collateral Agent deems necessary to protect,

preserve or realize upon any Collateral and the Purchaser Parties&rsquo; security interests therein and to effect the intent of

the Transaction Documents, all as fully and effectively as the Grantor might do.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If

the Grantor fails to perform or comply with any obligation contained herein, the Collateral Agent, at its option, but without any

obligation so to do, may perform or comply, or otherwise cause performance or compliance, with such obligation.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The

expenses of the Collateral Agent incurred in connection with actions undertaken as provided in this <B>Section 6.1</B>, together

with interest thereon at the rate set forth in <B>Section 2.2</B> (<B>Interest</B>) of the Purchase Agreement, from the date of

payment by the Collateral Agent to the date reimbursed by the Grantor, shall be payable by the Grantor to the Collateral Agent

on demand.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The

Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue of this <B>Section 6.1</B>. All

powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until this Agreement

is terminated and the security interests created hereby are released.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>6.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Authorization

to File Financing Statements</B>. The Grantor authorizes the Collateral Agent, its Affiliates and their Related Parties, contractors

and agents, at any time and from time to time, to file or record financing statements, amendments thereto, and other filing or

recording documentation or instruments with respect to any Collateral in such form and in such offices as the Collateral Agent

reasonably determines appropriate to perfect the security interests of the Collateral Agent under this Agreement, and such financing

statements and amendments may describe the Collateral covered thereby as &ldquo;all assets of the debtor&rdquo; or words of similar

effect, regardless of whether any particular asset comprised in the Collateral falls within the scope of Article 9 of the applicable

UCC, and contain any other information required pursuant to the UCC for the sufficiency or filing office acceptance of any financing

statement or amendment, including, in the case of financing statements filed as fixture filings or indicating Collateral as as-extracted

collateral or as otherwise required by applicable Regulation, a sufficient description of the Real Property related to the applicable

Collateral. A photographic or other reproduction of this Agreement shall be sufficient as a financing statement or other filing

or recording documentation or instrument for filing or recording in any jurisdiction. The Grantor also hereby ratifies its authorization

for the Collateral Agent to have filed any initial financing statement or amendment thereto under the UCC (or other similar laws)

in effect in any jurisdiction if filed prior to the date hereof.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>6.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Authority

of Collateral Agent</B>. The Grantor acknowledges that the rights and responsibilities of the Collateral Agent under this Agreement

with respect to any action taken by the Collateral Agent or the exercise or non-exercise by the Collateral Agent of any option,

voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall,

as between the Collateral Agent and the other Purchaser Parties, be governed by the Purchase Agreement and by such other agreements

with respect thereto as may exist from time to time among them, but, as between the Collateral Agent and the Grantor, the Collateral

Agent shall be conclusively presumed to be acting as agent for the Purchaser Parties with full and valid authority so to act or

refrain from acting, and no Grantor shall be under any obligation or entitlement to make any inquiry respecting such authority.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>6.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Duty;

Obligations and Liabilities</B>. The Collateral Agent&rsquo;s sole duty with respect to the custody, safekeeping and physical preservation

of the Collateral in its possession shall be to deal with it in the same manner as the Collateral Agent deals with similar property

for its own account. The powers conferred on the Collateral Agent hereunder are solely to protect the Collateral Agent&rsquo;s

interest in the Collateral and shall not impose any duty upon the Collateral Agent to exercise any such powers. The Collateral

Agent shall be accountable only for amounts that it receives as a result of the exercise of such powers, and neither it nor any

of its Affiliates shall be responsible to the Grantor for any act or failure to act hereunder, except for their own gross negligence

or willful misconduct as finally determined by a court of competent jurisdiction. In addition, the Collateral Agent shall not be

liable or responsible for any loss or damage to any Collateral, or for any diminution in the value thereof, by reason of the act

or omission of any warehousemen, carrier, forwarding agency, consignee or other bailee if such Person has been selected by the

Collateral Agent in good faith.</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>6.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Obligations

and Liabilities with respect to Collateral</B>. No Purchaser Party and no Affiliate thereof shall be liable for failure to demand,

collect or realize upon any Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose

of any Collateral upon the request of the Grantor or any other Person or to take any other action whatsoever with regard to any

Collateral. The powers conferred on the Collateral Agent hereunder shall not impose any duty upon any other Purchaser Party to

exercise any such powers. The other Purchaser Parties shall be accountable only for amounts that they actually receive as a result

of the exercise of such powers, and neither they nor any of their respective officers, directors, employees or agents shall be

responsible to the Grantor for any act or failure to act hereunder, except for their own gross negligence or willful misconduct

as finally determined by a court of competent jurisdiction.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">ARTICLE

VII </FONT>MISCELLANEOUS</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>7.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Reinstatement</B>.

The Grantor agrees that, if any payment made by any Purchaser Party or other Person and applied to the Secured Obligations is at

any time annulled, avoided, set aside, rescinded, invalidated, declared to be fraudulent or preferential or otherwise required

to be refunded or repaid, or the proceeds of any Collateral are required to be returned by any Purchaser Party to such Purchaser

Party, its estate, trustee, receiver or any other party, including the Grantor, under any bankruptcy law, state or federal law,

common law or equitable cause, then, to the extent of such payment or repayment, any Lien or other Collateral securing such liability

shall be and remain in full force and effect, as fully as if such payment had never been made. If, prior to any of the foregoing,

any Lien or other Collateral securing the Grantor&rsquo;s liability hereunder shall have been released or terminated by virtue

of the foregoing or (b) any other provision of this Agreement shall have been terminated, cancelled or surrendered, such Lien,

other Collateral or provision shall be reinstated in full force and effect and such prior release, termination, cancellation or

surrender shall not diminish, release, discharge, impair or otherwise affect the obligations of any the Grantor in respect of any

Lien or other Collateral securing such obligation or the amount of such payment.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>7.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Independent

Obligations</B>. The obligations of the Grantor hereunder are independent of and separate from the Secured Obligations. If any

Secured Obligation is not paid when due, or upon any Event of Default, the Collateral Agent may, at its sole election, proceed

directly and at once, without notice, against the Grantor and any Collateral to collect and recover the full amount of any Secured

Obligation then due, without first proceeding against any other Grantor, any other Company Party or any other Collateral and without

first joining any other Grantor or any other Company Party in any proceeding.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>7.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>No

Waiver by Course of Conduct</B>. No Purchaser Party shall by any act (except by a written instrument pursuant to <B>Section 7.4</B>),

delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced in any Default

or Event of Default. No failure to exercise, nor any delay in exercising, on the part of any Purchaser Party, any right, power

or privilege hereunder shall operate as a waiver thereof. No single or partial exercise of any right, power or privilege hereunder

shall preclude any other or further exercise thereof or the exercise of any other right, power or privilege. A waiver by any Purchaser

Party of any right or remedy hereunder on any one occasion shall not be construed as a bar to any right or remedy that such Purchaser

Party would otherwise have on any future occasion.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>7.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Amendments

in Writing</B>. None of the terms or provisions of this Agreement may be waived, amended, supplemented or otherwise modified except

in accordance with <B>Section 10.1</B> of the Purchase Agreement; <B>provided</B>, that annexes to this Agreement may be supplemented

(but no existing provisions may be modified and no Collateral may be released) through Pledge Amendments and Joinder Agreements,

in substantially the form of <B>Annex 1</B> and <B>Annex 2</B>, respectively, in each case duly executed by the Collateral Agent

and the Grantor directly affected thereby.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>7.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Additional

Grantors; Additional Pledged Collateral</B>.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Joinder

Agreements</B>. Consistent with <B>Section 7.5</B> of the Purchase Agreement, the Company shall cause any Subsidiary that is not

a Grantor to become a Grantor hereunder. Each such Subsidiary shall execute and deliver to the Collateral Agent a Joinder Agreement

substantially in the form of <B>Annex 2</B> and shall thereafter for all purposes be a party hereto and have the same rights, benefits

and obligations as a Grantor party hereto on the Closing Date.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Pledge

Amendments</B>. To the extent any Pledged Collateral has not been delivered as of the Closing Date, the Grantor shall deliver a

pledge amendment duly executed by the Grantor in substantially the form of <B>Annex 1</B> (each, a &ldquo;<B>Pledge Amendment</B>&rdquo;).

The Grantor authorizes the Collateral Agent to attach each Pledge Amendment to this Agreement.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>7.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Notices</B>.

All notices, requests and demands to or upon the Collateral Agent or the Grantor hereunder shall be effected in the manner provided

for in <B>Section 8.2</B> of the Purchase Agreement; <B>provided</B>, that any such notice, request or demand to or upon the Grantor

shall be addressed to the Company&rsquo;s notice address set forth in such <B>Section 8.2</B>.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>7.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Successors

and Assigns</B>. This Agreement shall be binding upon the successors and assigns of the Grantor and shall inure to the benefit

of each Purchaser Party and their successors and assigns; <B>provided</B>, that no Grantor may assign, transfer or delegate any

of its rights or obligations under this Agreement without the prior written consent of the Collateral Agent.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>7.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Counterparts</B>.

This Agreement may be executed in any number of counterparts and by different parties in separate counterparts, each of which when

so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Signature

pages may be detached from multiple separate counterparts and attached to a single counterpart. Delivery of an executed signature

page of this Agreement by facsimile transmission or by e-mail shall be as effective as delivery of a manually executed counterpart

hereof.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>7.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Severability</B>.

Any provision of this Agreement being held illegal, invalid or unenforceable in any jurisdiction shall not affect any part of such

provision not held illegal, invalid or unenforceable, any other provision of this Agreement or any part of such provision in any

other jurisdiction. The parties shall endeavor in good-faith negotiations to replace the illegal, invalid or unenforceable provisions

with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable

provisions.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>7.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Survival</B>.

All representations and warranties made by the Grantor in the Transaction Documents (including any such representation or warranty

made in or in connection with any amendment thereto) shall constitute representations and warranties made under this Agreement.

All representations and warranties made by the Grantor under this Agreement (including those representations and warranties set

forth in the immediately preceding sentence) shall be made or deemed to be made at and as of the date hereof (except those that

are expressly made as of a specific date), shall survive the date here and shall not be waived by the execution and delivery of

this Agreement, any investigation made by or on behalf of the Collateral Agent or any borrowing hereunder. Notwithstanding any

termination of this Agreement, the indemnities to which the Purchaser Parties are entitled under the provisions of this Agreement

or any other Transaction Document shall continue in full force and effect and shall protect the Purchaser Parties against events

arising after such termination as well as before. This Agreement shall be reinstated at any time any payment of any Secured Obligation,

in whole or in part, is rescinded or must otherwise be returned by the Collateral Agent upon the insolvency, bankruptcy or reorganization

of the Grantor or other Company Party or otherwise, all as though such payment had not been made.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>7.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>[Reserved</B>]</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>7.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Security

Interest Absolute</B>. All rights of the Collateral Agent hereunder, the grant of the security interest in the Collateral, and

all obligations of the Grantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability

of any Transaction Document or any agreement with respect to any of the Secured Obligations or any other agreement or instrument

relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any

of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Transaction Documents

or any other agreement or instrument, (c) any exchange, release or non-perfection of any Lien on other collateral, or any release

or amendment or waiver of or consent under or departure from any guarantee, securing or guaranteeing all or any of the Secured

Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Grantor

in respect of the Secured Obligations or this Agreement (other than payment of the outstanding Secured Obligations).</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>7.13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Governing

Law</B>. This Agreement and the rights and obligations of the parties hereto shall be governed by, and construed and interpreted

in accordance with, the law of the State of Delaware.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>7.14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><B>Waiver

of Jury Trial. The parties hereto hereby irrevocably and unconditionally waive, to the fullest extent permitted by applicable Regulations,

any right that they may have to trial by jury of any claim or cause of action or in any Action, directly or indirectly based upon

or arising out of this Agreement (whether based on contract, tort or any other theory). </B>Each party (a) certifies that no representative,

agent or attorney of any other party has represented, expressly or otherwise, that such other parties would not, in the event of

litigation, seek to enforce the foregoing waiver and (b) acknowledges that it and the other parties have been induced to enter

into this Agreement and the other Transaction Documents by, among other things, the mutual waivers and certifications in this section.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Pages Follow]</P>



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



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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>

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









<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF,

each of the undersigned has caused this Agreement to be duly executed and delivered as of the date first above written.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD>

    <TD COLSPAN="3">CHROMOCELL THERAPEUTICS CORPORATION as Company and Grantor</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD STYLE="width: 50%">&nbsp;</TD>

    <TD STYLE="width: 2%">&nbsp;</TD>

    <TD STYLE="width: 25%">&nbsp;</TD>

    <TD STYLE="width: 23%">&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD>

    <TD>By:</TD>

    <TD STYLE="border-bottom: Black 1pt solid">/s/ Francis Knuettel II</TD>

    <TD>&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD>

    <TD>&nbsp;</TD>

    <TD>Name: Francis Knuettel II</TD>

    <TD>&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD>

    <TD>&nbsp;</TD>

    <TD>Title: Chief Financial Officer</TD>

    <TD>&nbsp;</TD></TR>

</TABLE>





<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">ACCEPTED AND AGREED<BR>

as of the date first above written:</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Balmoral Financial Group LLC as Collateral Agent</P>



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



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">

<TR STYLE="vertical-align: bottom">

    <TD STYLE="width: 2%">By:</TD>

    <TD STYLE="width: 48%; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt 0">/s/ Ezra Friedberg</P>


</TD>

    <TD STYLE="width: 50%">&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD>

    <TD COLSPAN="2">Name: &nbsp;Ezra Friedberg&nbsp;&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD>

    <TD COLSPAN="2">Title: &nbsp;&nbsp;General Partner</TD></TR>

</TABLE>





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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">SIGNATURE PAGE TO SECURITY AGREEMENT CHROMOCELL THERAPEUTICS CORPORATION.</P>



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



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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>

    <!-- Field: /Page -->



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



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">ANNEX 1

to Security Agreement<SUP>1</SUP></P>







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



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









<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">Form of

Pledge Amendment</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This <B>Pledge Amendment</B>,

dated as of __________ __, 20__, is delivered pursuant to <B>Section 7.5</B> of the Security Agreement, dated as of April [&#9679;],

2023, by Chromocell Therapeutics Corporation, a Delaware corporation (the &ldquo;<B>Company</B>&rdquo; and the &ldquo;<B>Grantor</B>&rdquo;),

and the other Company Parties and Affiliates of the Company from time to time party thereto as Grantors in favor of Balmoral Financial Group LLC, as collateral agent for the Purchaser Parties referred to therein (the &ldquo;<B>Security Agreement</B>&rdquo;). Capitalized

terms used herein without definition are used as defined in the Security Agreement.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The undersigned hereby

agrees that this Pledge Amendment may be attached to the Security Agreement and that the Pledged Collateral listed on <B>Annex

1-A</B> to this Pledge Amendment shall be and become part of the Collateral referred to in the Security Agreement and shall secure

all Secured Obligations of the undersigned.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The undersigned hereby

represents and warrants that each of the representations and warranties contained in <B>Sections 3.1, 3.2, 3.5</B> and <B>3.10</B>

of the Security Agreement is true and correct and as of the date hereof as if made on and as of such date.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD>

    <TD COLSPAN="2">[GRANTOR]</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD>

    <TD COLSPAN="2">&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD STYLE="width: 50%">&nbsp;</TD>

    <TD STYLE="width: 2%">By:</TD>

    <TD STYLE="width: 48%; border-bottom: Black 1pt solid">&nbsp;&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD>

    <TD>&nbsp;</TD>

    <TD>Name:</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD>

    <TD>&nbsp;</TD>

    <TD>Title:</TD></TR>

</TABLE>





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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">To be used for pledge of Additional Pledged Collateral by existing

Grantor.</P>



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



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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>

    <!-- Field: /Page -->



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









<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">ANNEX 1-A</P>



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



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">

<TR STYLE="vertical-align: bottom">

    <TD COLSPAN="9" STYLE="font-weight: bold; text-align: center">PLEDGED STOCK</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD COLSPAN="9" STYLE="text-align: center">&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD STYLE="border-bottom: Black 1pt solid; width: 15%">ISSUER</TD><TD STYLE="padding-bottom: 1pt; width: 2%">&nbsp;</TD>

    <TD STYLE="border-bottom: Black 1pt solid; width: 15%">CLASS</TD><TD STYLE="padding-bottom: 1pt; width: 2%">&nbsp;</TD>

    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; width: 22%">CERTIFICATE NO(S).</TD><TD STYLE="padding-bottom: 1pt; width: 2%">&nbsp;</TD>

    <TD STYLE="border-bottom: Black 1pt solid; width: 15%">PAR VALUE</TD><TD STYLE="padding-bottom: 1pt; width: 2%">&nbsp;</TD>

    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; width: 25%">NUMBER OF SHARES, UNITS

    OR INTERESTS</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD></TR>

</TABLE>





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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">

<TR STYLE="vertical-align: bottom">

    <TD COLSPAN="9" STYLE="font-weight: bold; text-align: center">PLEDGED DEBT INSTRUMENTS</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD COLSPAN="9">&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD STYLE="width: 15%; border-bottom: Black 1pt solid">ISSUER</TD><TD STYLE="width: 2%; padding-bottom: 1pt">&nbsp;</TD>

    <TD STYLE="width: 15%; border-bottom: Black 1pt solid">DESCRIPTION OF DEBT</TD><TD STYLE="width: 2%; padding-bottom: 1pt">&nbsp;</TD>

    <TD STYLE="text-align: left; width: 22%; border-bottom: Black 1pt solid">CERTIFICATE NO(S),</TD><TD STYLE="width: 2%; padding-bottom: 1pt">&nbsp;</TD>

    <TD STYLE="text-align: left; width: 15%; border-bottom: Black 1pt solid">FINAL MATURITY</TD><TD STYLE="width: 2%; padding-bottom: 1pt">&nbsp;</TD>

    <TD STYLE="text-align: left; width: 25%; border-bottom: Black 1pt solid">PRINCIPAL AMOUNT</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD><TD>&nbsp;</TD>

    <TD>&nbsp;</TD></TR>

</TABLE>





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



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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>

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







<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">ACKNOWLEDGED AND AGREED<BR>

as of the date first above written:</P>



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



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">as Collateral Agent</P>



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



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">

<TR STYLE="vertical-align: bottom">

    <TD STYLE="width: 2%">By:</TD>

    <TD STYLE="width: 48%; border-bottom: Black 1pt solid">&nbsp;</TD>

    <TD STYLE="width: 50%">&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD>

    <TD COLSPAN="2">Name:</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD>

    <TD COLSPAN="2">Title:</TD></TR>

</TABLE>

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



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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>

    <!-- Field: /Page -->



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>ANNEX 2 TO SECURITY

AGREEMENT</B></P>



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









<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">Form of

Joinder Agreement</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This <B>Joinder Agreement</B>, dated as of _________ __, 20__, is delivered
pursuant to <B>Section 7.5</B> of the Security Agreement, dated as of April [&#9679;], 2023 by Chromocell Therapeutics Corporation, a
Delaware corporation (the &ldquo;<B>Company</B>&rdquo;) and the Affiliates of the Company from time to time party thereto as Grantors
in favor of Balmoral Financial Group LLC, a Delaware limited liability company, as lender and collateral agent for the Purchaser Parties
referred to therein (the &ldquo;<B>Security Agreement</B>&rdquo;). Capitalized terms used herein without definition are used as defined
in the Security Agreement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">By executing and delivering

this Joinder Agreement, the undersigned, as provided in <B>Section 7.5</B> of the Security Agreement, hereby becomes a party to

the Security Agreement as a Grantor thereunder with the same force and effect as if originally named as a Grantor therein and,

without limiting the generality of the foregoing, as collateral security for the prompt and complete payment and performance when

due (whether at stated maturity, by acceleration or otherwise) of the Secured Obligations of the undersigned, hereby mortgages,

pledges and hypothecates to the Collateral Agent for the benefit of the Purchaser Parties, and grants to the Collateral Agent for

the benefit of the Purchaser Parties a lien on and security interest in, all of its right, title and interest in, to and under

the Collateral of the undersigned and expressly assumes all obligations and liabilities of a Grantor thereunder. The undersigned

hereby agrees to be bound as a Grantor for the purposes of the Security Agreement.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The information set

forth in <B>Annex 1</B> hereto is hereby added to the information set forth in the Disclosure Certificate. By acknowledging and

agreeing to this Joinder Agreement, the undersigned hereby agree that this Joinder Agreement may be attached to the Purchase Agreement

and that the Pledged Collateral listed on <B>Annex 1</B> to this Joinder Amendment shall be and become part of the Collateral referred

to in the Security Agreement and shall secure all Secured Obligations of the undersigned.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The undersigned hereby

represents and warrants that each of the representations and warranties contained in <B>Article III</B> of the Security Agreement

(including by reference to the Purchase Agreement) applicable to it and its Subsidiaries is true and correct on and as the date

hereof as if made on and as of such date.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF,

the undersigned has caused this Joinder Agreement to be duly executed and delivered as of the date first above written.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD>

    <TD COLSPAN="2">[ADDITIONAL GRANTOR]</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD>

    <TD COLSPAN="2">&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD STYLE="width: 50%">&nbsp;</TD>

    <TD STYLE="width: 2%">By:</TD>

    <TD STYLE="width: 48%; border-bottom: Black 1pt solid">&nbsp;&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD>

    <TD>&nbsp;</TD>

    <TD>Name:</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD>

    <TD>&nbsp;</TD>

    <TD>Title:</TD></TR>

</TABLE>

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



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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>

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









<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">

<TR STYLE="vertical-align: bottom">

    <TD STYLE="width: 50%">&nbsp;</TD>

    <TD STYLE="width: 50%">ACKNOWLEDGED AND AGREED</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD>

    <TD>as of the date first above written:</TD></TR>

</TABLE>





<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">[THE GRANTOR PLEDGING<BR>

ADDITIONAL COLLATERAL]</P>



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



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">

<TR STYLE="vertical-align: bottom">

    <TD STYLE="width: 2%">By:</TD>

    <TD STYLE="width: 48%; border-bottom: Black 1pt solid">&nbsp;</TD>

    <TD STYLE="width: 50%">&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD>

    <TD COLSPAN="2">Name:</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD>

    <TD COLSPAN="2">Title:</TD></TR>

</TABLE>

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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Balmoral Financial Group LLC,<BR>

as Collateral Agent</P>



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



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">

<TR STYLE="vertical-align: bottom">

    <TD STYLE="width: 2%">By:</TD>

    <TD STYLE="width: 48%; border-bottom: Black 1pt solid">&nbsp;</TD>

    <TD STYLE="width: 50%">&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD>

    <TD COLSPAN="2">Name:</TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD>

    <TD COLSPAN="2">Title:</TD></TR>

</TABLE>

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



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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>

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



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



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









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

<B>PATENT SECURITY AGREEMENT</B></P>



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



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



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



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</BODY>

</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.6
<SEQUENCE>7
<FILENAME>g083645_ex10-6.htm
<DESCRIPTION>EXHIBIT 10.6
<TEXT>
<HTML>

<HEAD>

     <TITLE></TITLE>

</HEAD>

<BODY STYLE="font: 10pt Times New Roman, Times, Serif">



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>EXHIBIT 10.6</B></P>



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



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



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">THE SECURITIES HAVE NOT BEEN REGISTERED

UNDER THE SECURITIES ACT OF 1933 OR THE SECURITIES LAWS OF ANY STATE OR ANY OTHER JURISDICTION. THERE ARE FURTHER RESTRICTIONS

ON THE TRANSFERABILITY OF THE SECURITIES DESCRIBED HEREIN.</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">THE PURCHASE OF THE SECURITIES INVOLVES

A HIGH DEGREE OF RISK AND SHOULD BE CONSIDERED ONLY BY PERSONS WHO CAN BEAR THE RISK OF THE LOSS OF THEIR ENTIRE INVESTMENT.</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Chromocell Therapeutics Corporation<BR>

4400 Route 9 South, Suite 1000<BR>

Freehold, NJ 07728</P>



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



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



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The undersigned understands

that Chromocell Therapeutics Corporation, a corporation organized under the laws of Delaware (the &ldquo;<B>Company</B>&rdquo;),

is offering an aggregate of 2,000 shares of its Series B Convertible Preferred Stock, par value $0.0001 per share (the &ldquo;<B>Securities</B>&rdquo;).

The undersigned further understands that the offering is being made without registration of the Securities under the Securities

Act of 1933, as amended (the &ldquo;<B>Securities Act</B>&rdquo;), or any securities law of any state of the United States or of

any other jurisdiction, and is being made only to &ldquo;accredited investors&rdquo; (as defined in Rule 501 of Regulation D under

the Securities Act). Capitalized terms used but not defined in this Subscription Agreement (as defined below) have the meanings

set forth in the Certificate of Designation (as defined below).</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

</FONT><FONT STYLE="background-color: white"><U>Subscription</U></FONT>. Subject to the terms and conditions hereof, each of the

undersigned, severally and not jointly, hereby irrevocably subscribes for the number of Securities set forth on the respective

signature page hereto for the aggregate purchase price as stated thereon, which is payable as described in Section 4 hereof. Each

of the undersigned acknowledges that the Securities will be subject to restrictions on transfer as set forth in this subscription

agreement (the &ldquo;<B>Subscription Agreement</B>&rdquo;).</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

</FONT><FONT STYLE="background-color: white"><U>Acceptance of Subscription and Issuance of Securities</U></FONT>. It is understood

and agreed that the Company shall have the sole right, at its complete discretion, to accept or reject this subscription, in whole

or in part, for any reason and that the same shall be deemed to be accepted by the Company only when it is signed by a duly authorized

officer of the Company and delivered to the undersigned at the Closing referred to in Section 3 hereof. Subscriptions need not

be accepted in the order received, and the Securities may be allocated among subscribers. Notwithstanding anything in this Subscription

Agreement to the contrary, the Company shall have no obligation to issue any of the Securities to any person who is a resident

of a jurisdiction in which the issuance of Securities to such person would constitute a violation of the securities, &ldquo;blue

sky&rdquo; or other similar laws of such jurisdiction (collectively referred to as the &ldquo;<B>State Securities Laws</B>&rdquo;).</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>

    <!-- Field: /Page -->



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

</FONT><FONT STYLE="background-color: white"><U>The Closing</U></FONT>. The closing of the purchase and sale of the Securities

(the &ldquo;<B>Closing</B>&rdquo;) shall occur substantially concurrently with the closing of the Company&rsquo;s initial public

offering pursuant to the Registration Statement on Form S-1 (File No. 333-269188) initially filed with the SEC on January 11, 2023,

as amended to date.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

</FONT><FONT STYLE="background-color: white"><U>Payment for Securities</U></FONT>. Payment for the Securities shall be received

by the Company from each of the undersigned by wire transfer of immediately available funds or other means approved by the Company

at or prior to the Closing, in the amount as set forth on the respective signature page hereto. The Company shall deliver certificates

representing the Securities to the undersigned at the Closing bearing an appropriate legend referring to the fact that the Securities

were sold in reliance upon an exemption from registration under the Securities Act.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

</FONT><FONT STYLE="background-color: white"><U>Representations and Warranties of the Company</U></FONT>. As of the Closing, the

Company represents and warrants that:</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The Company has been duly incorporated and is validly existing under the laws of Delaware, with full power and authority

to conduct its business as it is currently being conducted and to own its assets; and has secured any authorizations, approvals,

permits and orders required by law for the conduct by the Company of its business as it is currently being conducted.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The Securities have been duly authorized and, when issued, delivered and paid for in the manner set forth in this Subscription

Agreement, will be validly issued, fully paid and nonassessable.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The shares of common stock issuable upon conversion of the Securities purchased hereunder (the &ldquo;<B>Conversion Shares</B>&rdquo;)

will, upon issuance in accordance with the terms of the Certificate of Designation of Series B Convertible Preferred Stock of the

Company (&ldquo;<B>Certificate of Designation</B>&rdquo;), be duly authorized, validly issued, fully paid and nonassessable.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

</FONT><FONT STYLE="background-color: white"><U>Representations and Warranties of the Undersigned</U></FONT>. Each of the undersigned,

severally and not jointly, hereby represents and warrants to and covenants with the Company that:</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>General</I>.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The undersigned has all requisite authority (and in the case of an individual, the capacity) to purchase the Securities,

enter into this Subscription Agreement and to perform all the obligations required to be performed by the undersigned hereunder,

and such purchase will not contravene any law, rule, or regulation binding on the undersigned or any investment guideline or restriction

applicable to the undersigned.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The undersigned is a resident of the state set forth on the signature page hereto and is not acquiring the Securities as

a nominee or agent or otherwise for any other person.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The undersigned will comply with all applicable laws and regulations in effect in any jurisdiction in which the undersigned

purchases or sells Securities and obtain any consent, approval or permission required for such purchases or sales under the laws

and regulations of any jurisdiction to which the undersigned is subject or in which the undersigned makes such purchases or sales,

and the Company shall have no responsibility therefor.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Information Concerning the Company</I>.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The undersigned understands and accepts that the purchase of the Securities involves various risks, including the risks

outlined in this Subscription Agreement. The undersigned represents that it is able to bear any loss associated with an investment

in the Securities.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The undersigned confirms that it is not relying on any communication (written or oral) of the Company or any of its affiliates,

as investment or tax advice or as a recommendation to purchase the Securities. It is understood that information and explanations

related to the terms and conditions of the Securities or otherwise by the Company or any of its affiliates shall not be considered

investment or tax advice or a recommendation to purchase the Securities, and that neither the Company nor any of its affiliates

is acting or has acted as an advisor to the undersigned in deciding to invest in the Securities. The undersigned acknowledges that

neither the Company nor any of its affiliates has made any representation regarding the proper characterization of the Securities

for purposes of determining the undersigned&rsquo;s authority to invest in the Securities.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The undersigned is familiar with the business and financial condition and operations of the Company. The undersigned has

had access to such information concerning the Company and the Securities as it deems necessary to enable it to make an informed

investment decision concerning the purchase of the Securities.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The undersigned understands that, unless the undersigned notifies the Company in writing to the contrary at or before the

Closing, each of the undersigned&rsquo;s representations and warranties contained in this Subscription Agreement will be deemed

to have been reaffirmed and confirmed as of the Closing, taking into account all information received by the undersigned.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The undersigned acknowledges that the Company has the right in its sole and absolute discretion to abandon this private

placement at any time prior to the completion of the offering. This Subscription Agreement shall thereafter have no force or effect,

and the Company shall return the previously paid subscription price of the Securities, without interest thereon, to the undersigned.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(vi)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The undersigned understands that no federal or state agency has passed upon the merits or risks of an investment in the

Securities or made any finding or determination concerning the fairness or advisability of this investment.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Non-Reliance</I>.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The undersigned represents that it is not relying on (and will not at any time rely on) any communication (written or oral)

of the Company, as investment advice or as a recommendation to purchase the Securities, it being understood that information and

explanations related to the terms and conditions of the Securities and the other transaction documents, if any, shall not be considered

investment advice or a recommendation to purchase the Securities.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The undersigned confirms that the Company has not (A) given any guarantee or representation as to the potential success,

return, effect or benefit (either legal, regulatory, tax, financial, accounting or otherwise) of an investment in the Securities

or (B) made any representation to the undersigned regarding the legality of an investment in the Securities under applicable legal

investment or similar laws or regulations. In deciding to purchase the Securities, the undersigned is not relying on the advice

or recommendations of the Company and the undersigned has made its own independent decision that the investment in the Securities

is suitable and appropriate for the undersigned.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Status of Undersigned</I>.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The undersigned has such knowledge, skill and experience in business, financial and investment matters that the undersigned

is capable of evaluating the merits and risks of an investment in the Securities. With the assistance of the undersigned&rsquo;s

own professional advisors, to the extent that the undersigned has deemed appropriate, the undersigned has made its own legal, tax,

accounting, and financial evaluation of the merits and risks of an investment in the Securities and the consequences of this Subscription

Agreement. The undersigned has considered the suitability of the Securities as an investment in light of its own circumstances

and financial condition and the undersigned is able to bear the risks associated with an investment in the Securities, and it is

authorized to invest in the Securities.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The undersigned is an &ldquo;accredited investor&rdquo; as defined in Rule 501(a) under the Securities Act. The undersigned

agrees to furnish any additional information requested by the Company or any of its affiliates to assure compliance with applicable

U.S. federal and state securities laws in connection with the purchase and sale of the Securities.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Restrictions on Transfer or Sale of Securities</I>.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The undersigned is acquiring the Securities solely for the undersigned&rsquo;s own beneficial account, for investment purposes,

and not with a view to, or for resale in connection with, any distribution of the Securities. The undersigned understands that

the Securities have not been registered under the Securities Act or any State Securities Laws by reason of specific exemptions

under the provisions thereof which depend in part upon the investment intent of the undersigned and of the other representations

made by the undersigned in this Subscription Agreement. The undersigned understands that the Company is relying upon the representations

and agreements contained in this Subscription Agreement (and any supplemental information) for the purpose of determining whether

this transaction meets the requirements for such exemptions.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The undersigned understands that the Securities are &ldquo;restricted securities&rdquo; under applicable federal securities

laws and that the Securities Act and the rules of the U.S. Securities and Exchange Commission (the &ldquo;<B>Commission</B>&rdquo;)

provide in substance that the undersigned may dispose of the Securities only pursuant to an effective registration statement under

the Securities Act or an exemption from the registration requirements of the Securities Act, and the undersigned understands that

the Company has no obligation or intention to register any of the Securities or the offering or sale thereof, or to take action

so as to permit offers or sales pursuant to the Securities Act or an exemption from registration thereunder (including pursuant

to Rule 144 thereunder). Accordingly, the undersigned understands that under the Commission&rsquo;s rules, the undersigned may

dispose of the Securities only in &ldquo;private placements&rdquo; which are exempt from registration under the Securities Act,

in which event the transferee will acquire &ldquo;restricted securities,&rdquo; subject to the same limitations that apply to the

Securities in the hands of the undersigned. Consequently, the undersigned understands that the undersigned must bear the economic

risks of the investment in the Securities for an indefinite period of time.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The undersigned agrees: (A) that the undersigned will not sell, assign, pledge, give, transfer, or otherwise dispose of

the Securities or any interest therein, or make any offer or attempt to do any of the foregoing, unless the transaction is registered

under the Securities Act and complies with the requirements of all applicable State Securities Laws, or the transaction is exempt

from the registration provisions of the Securities Act and all applicable requirements of State Securities Laws; (B) that the certificates

representing the Securities will bear a legend making reference to the foregoing restrictions; and (C) that the Company and its

affiliates shall not be required to give effect to any purported transfer of such Securities, except upon compliance with the foregoing

restrictions.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The undersigned acknowledges that neither the Company nor any other person offered to sell the Securities to it by means

of any form of general solicitation or advertising, including but not limited to: (A) any advertisement, article, notice or other

communication published in any newspaper, magazine or similar media or broadcast over television or radio or (B) any seminar or

meeting whose attendees were invited by any general solicitation or general advertising.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

</FONT><FONT STYLE="background-color: white"><U>Conditions to Obligations of the Undersigned and the Company</U></FONT>. The obligations

of each of the undersigned to purchase and pay for the Securities set forth on the respective signature page hereto, and of the

Company to sell those Securities, are subject to the satisfaction at or prior to the Closing of the following conditions precedent:

the representations and warranties of the Company contained in Section 5 hereof and of the undersigned contained in Section 6 hereof

shall be true and correct as of the Closing in all respects with the same effect as though such representations and warranties

had been made on and as of the Closing, and the Certificate of Designation has been filed with the Secretary of State of the state

of Delaware, substantially in the form attached hereto as <U>Exhibit A</U>.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">8.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

</FONT><FONT STYLE="background-color: white"><U>Obligations Irrevocable</U></FONT>. The obligations of the undersigned shall be

irrevocable.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

</FONT><FONT STYLE="background-color: white"><U>Legend</U></FONT>. The certificates representing the Securities sold pursuant to

this Subscription Agreement will be imprinted with a legend in substantially the following form:</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;THE SECURITIES

EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE &ldquo;SECURITIES ACT&rdquo;),

OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. THE SECURITIES MAY NOT BE OFFERED, SOLD, PLEDGED, OR OTHERWISE TRANSFERRED

EXCEPT (1) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OR (2) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT

UNDER THE SECURITIES ACT, IN EACH CASE IN ACCORDANCE WITH ALL APPLICABLE STATE SECURITIES LAWS AND THE SECURITIES LAWS OF OTHER

JURISDICTIONS, AND IN THE CASE OF A TRANSACTION EXEMPT FROM REGISTRATION, UNLESS THE COMPANY HAS RECEIVED AN OPINION OF COUNSEL

REASONABLY SATISFACTORY TO IT THAT SUCH TRANSACTION DOES NOT REQUIRE REGISTRATION UNDER THE SECURITIES ACT OR SUCH OTHER APPLICABLE

LAWS.&rdquo;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">10.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

</FONT><U>Demand Registration</U>.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Grant of Right</I>. At any time after the Closing that there is not then an effective registration statement registering

for resale all of the Registrable Securities (as defined below), the Company, upon written demand (the &ldquo;<B>Demand Notice</B>&rdquo;)

of the holder(s) of at least 51% of the Securities (&ldquo;<B>Majority Holders</B>&rdquo;), agrees to register on one occasion

only (the &ldquo;<B>Demand Registration</B>&rdquo;) under the Securities Act all or any portion of the Registrable Securities requested

by the Majority Holders in the Demand Notice. After the receipt of the Demand Notice, the Company will file a registration statement

covering the Registrable Securities within sixty (60) days after receipt of the Demand Notice and will have such registration statement

declared effective as soon as possible thereafter. Notwithstanding the foregoing, the Company shall not be required to effect a

registration pursuant to this Section 10: (A) with respect to securities that are not Registrable Securities; or (B) during any

Scheduled Black-Out Period (as defined below). For purposes of this Agreement, a &ldquo;<B>Scheduled Black-Out Period</B>&rdquo;

shall mean the periods from and including the day that is ten business days prior to the last day of a fiscal quarter of the Company

to and including the day that is two full business days after the day on which the Company publicly releases its earnings for such

fiscal quarter. The Demand Notice shall specify the number of Registrable Securities proposed to be sold and the intended method(s)

of distribution thereof. The Company will notify all holders of the Securities of the demand within ten (10) days from the date

of the receipt of any such Demand Notice. Each holder of the Securities who wishes to include all or a portion of such holder&rsquo;s

Registrable Securities in the Demand Registration (each such holder including Registrable Securities in such registration, a &ldquo;<B>Demanding

Holder</B>&rdquo;) shall so notify the Company within fifteen (15) days after the receipt by the holder of the notice from the

Company. Upon any such request, the Demanding Holders shall be entitled to have their Registrable Securities included in the Demand

Registration. &ldquo;Registrable Securities&rdquo; means (a) any Conversion Shares issued or issuable upon conversion of the Securities,

and (b) any securities issued or issuable upon any stock split, dividend or other distribution, recapitalization or similar event,

or any price adjustment as a result of such stock splits, reverse stock splits or similar events with respect to any of the securities

referenced in clause (a) above (it being understood that, for purposes of this Subscription Agreement, a person shall be deemed

to be a holder of Registrable Securities whenever such Person has the right to then acquire or obtain from the Company any Registrable

Securities, whether or not such acquisition has actually been effected, and without regard to Beneficial Ownership Limitations).

As to any particular Registrable Securities, such securities shall cease to be Registrable Securities when (i) the Commission has

declared a Registration Statement covering such securities effective and such securities have been disposed of pursuant to such

effective Registration Statement, (ii) such securities are sold under circumstances in which all of the applicable conditions of

Rule 144 under the Securities Act are met, and (iii) such securities become eligible for sale pursuant to Rule 144 without volume

or manner-of-sale restrictions and without the requirement for the Company to be in compliance with the current public information

requirement under Rule 144(c)(1), as set forth in a written opinion letter to such effect, addressed, delivered and reasonably

acceptable to the applicable transfer agent and the holders of such securities.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Effective Registration</I>. A registration will not count as a Demand Registration until the registration statement filed

with the Commission with respect to such Demand Registration has been declared effective and the Company has complied with all

of its obligations under this Subscription Agreement with respect thereto.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Terms</I>. In connection with the Demand Registration, the Company shall bear all fees and expenses attendant to registering

the Registrable Securities, including the reasonable expenses of one legal counsel selected by the Holders to represent them in

connection with the sale of the Registrable Securities. The Company agrees to qualify or register the Registrable Securities in

such states as are reasonably requested by the Majority Holder(s); provided, however, that in no event shall the Company be required

to register the Registrable Securities in a state in which such registration would cause (i) the Company to be obligated to qualify

to do business in such state, or would subject the Company to taxation as a foreign corporation doing business in such jurisdiction

or (ii) the principal shareholders of the Company to be obligated to escrow their shares of Common Stock of the Company. The Company

shall cause any registration statement filed pursuant to the demand rights granted under Section 10 to remain effective until all

securities covered thereby cease to qualify as Registrable Securities.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Notwithstanding the foregoing, if the board of directors of the Company determines in its good faith judgment that the filing

of a registration statement in connection with the Demand Registration (i) would be seriously detrimental to the Company in that

such registration would interfere with a material corporate transaction or (ii) would require the disclosure of material non-public

information concerning the Company that at the time is not, in the good faith judgment of the board of directors of the Company,

in the best interests of the Company to disclose and is not, in the opinion of the Company&rsquo;s counsel, otherwise required

to be disclosed, then the Company shall have the right to defer such filing for the period during which such registration would

be seriously detrimental under clause (i) or would require such disclosure under clause (ii); provided, however, that (x) the Company

may not defer such filing for a period of more than ninety (90) days after receipt of any demand by the Majority Holders and (y)

the Company shall not exercise its right to defer the Demand Registration more than once in any twelve (12)-month period. The Company

shall give written notice of its determination to the Holders to defer the filing and of the fact that the purpose for such deferral

no longer exists, in each case, promptly after the occurrence thereof.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">11.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="background-color: white"><U>Waiver, Amendment</U></FONT>. Neither this Subscription Agreement nor any provisions

hereof shall be modified, changed, discharged or terminated except by an instrument in writing, signed by the party against whom

any waiver, change, discharge or termination is sought.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">12.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="background-color: white"><U>Assignability</U></FONT>. Neither this Subscription Agreement nor any right, remedy,

obligation or liability arising hereunder or by reason hereof shall be assignable by either the Company or the undersigned without

the prior written consent of the other party, and any attempted assignment without such prior written consent shall be void.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="background-color: white"><U>Waiver of Jury Trial</U></FONT>. THE UNDERSIGNED IRREVOCABLY WAIVES ANY AND ALL

RIGHT TO TRIAL BY JURY WITH RESPECT TO ANY LEGAL PROCEEDING ARISING OUT OF THE TRANSACTIONS CONTEMPLATED BY THIS SUBSCRIPTION AGREEMENT.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">14.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="background-color: white"><U>Submission to Jurisdiction</U></FONT>. With respect to any suit, action, or proceeding

relating to any offers, purchases, or sales of the Securities by the undersigned (&ldquo;<B>Proceedings</B>&rdquo;), the undersigned

irrevocably submits to the jurisdiction of the federal and state courts located in the Borough of Manhattan in New York City, which

submission shall be exclusive, unless none of such courts has lawful jurisdiction over such Proceedings.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">15.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="background-color: white"><U>Governing Law</U></FONT>. This Subscription Agreement shall be governed by and

construed and enforced in accordance with the internal laws of the State of New York, without regard to the principles of conflict

of laws thereof. All legal proceedings concerning the interpretation, enforcement and defense of the transactions contemplated

by this Subscription Agreement (whether brought against a party hereto or its respective Affiliates, directors, officers, shareholders,

employees or agents) shall be commenced in the state and federal courts sitting in the City of New York, Borough of Manhattan (the

&ldquo;<B>New York Courts</B>&rdquo;). The Company and the undersigned each irrevocably submit to the exclusive jurisdiction of

the New York Courts for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated

hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim

that it is not personally subject to the jurisdiction of such New York Courts, or such New York Courts are improper or inconvenient

venue for such proceeding. The Company and the undersigned hereby irrevocably waive personal service of process and consents to

process being served in any such suit, action or proceeding 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 Subscription Agreement

and agree 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 applicable law. The Company and

the undersigned hereby irrevocably waive, to the fullest extent permitted by applicable law, any and all right to trial by jury

in any legal proceeding arising out of or relating to this Subscription Agreement or the transactions contemplated hereby. If any

party shall commence an action or proceeding to enforce any provisions of this Subscription Agreement, then the prevailing party

in such action or proceeding shall be reimbursed by the other party for its attorneys&rsquo; fees and other costs and expenses

incurred in the investigation, preparation and prosecution of such action or proceeding.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">16.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="background-color: white"><U>Section and Other Headings</U></FONT>. The section and other headings contained

in this Subscription Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Subscription

Agreement.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">17.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="background-color: white"><U>Counterparts</U></FONT>. This Subscription Agreement may be executed in any number

of counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which together shall

be deemed to be one and the same agreement.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">18.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="background-color: white"><U>Notices</U></FONT>. All notices and other communications provided for herein shall

be in writing and shall be deemed to have been duly given if delivered personally or sent by registered or certified mail, return

receipt requested, postage prepaid to the following addresses (or such other address as either party shall have specified by notice

in writing to the other):</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">

<TR STYLE="vertical-align: top">

    <TD STYLE="width: 44%; font-size: 10pt">If to the Company:</TD>

    <TD STYLE="width: 56%">

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">4400 Route 9 South, Suite 1000</P>

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Freehold, NJ 07728S<BR>

E-mail: frank@chromocell.com<BR>

Attention: Chief Financial Officer</P></TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="font-size: 10pt">&nbsp;</TD>

    <TD>&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="font-size: 10pt">with a copy to:</TD>

    <TD STYLE="font-size: 10pt">Sullivan &amp; Worcester<BR>

E-mail: ddanovitch@sullivanlaw.com; aschleicher@sullivanlaw.com<BR>

Attention: David Danovitch; Aaron Schleicher</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="font-size: 10pt">&nbsp;</TD>

    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="font-size: 10pt">If to Purchasers:</TD>

    <TD STYLE="font-size: 10pt">As set forth on the respective signature page of each such purchaser.</TD></TR>

</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">19.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="background-color: white"><U>Binding Effect</U></FONT>. The provisions of this Subscription Agreement shall

be binding upon and accrue to the benefit of the parties hereto and their respective heirs, legal representatives, successors,

and assigns.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">20.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="background-color: white"><U>Survival</U></FONT>. All representations, warranties and covenants contained in

this Subscription Agreement shall survive (i) the acceptance of the subscription by the Company and the Closing, (ii) changes in

the transactions, documents and instruments which are not material or which are to the benefit of the undersigned, and (iii) the

death or disability of the undersigned.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">21.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="background-color: white"><U>Notification of Changes</U></FONT>. The undersigned hereby covenants and agrees

to notify the Company upon the occurrence of any event prior to the closing of the purchase of the Securities pursuant to this

Subscription Agreement which would cause any representation, warranty, or covenant of the undersigned contained in this Subscription

Agreement to be false or incorrect.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">22.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="background-color: white"><U>Severability</U></FONT>. If any term or provision of this Agreement is invalid,

illegal, or unenforceable in any jurisdiction, such invalidity, illegality, or unenforceability shall not affect any other term

or provision of this Agreement or invalidate or render unenforceable such term or provision in any other jurisdiction.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">[signature

page follows]</FONT></P>



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



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









<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF, the undersigned has executed this Subscription Agreement this &nbsp;of
&nbsp;, &nbsp;.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">

<TR STYLE="vertical-align: top">

    <TD STYLE="width: 50%; font-size: 10pt">PURCHASER (if any individual):</TD>

    <TD STYLE="width: 50%; font-size: 10pt">PURCHASER (if an entity):</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="font-size: 10pt">&nbsp;</TD>

    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="font-size: 10pt">&nbsp;</TD>

    <TD STYLE="font-size: 10pt; border-bottom: Black 1pt solid">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD>

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

        Name:</P>

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

    <TD>

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

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

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

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

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

</TABLE>

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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">State/Country of Domicile or Formation: ______________________________________</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Contact Information for Notices: ______________________________________</P>



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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Number of Securities to be Purchased: __________</P>



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



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



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



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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>

    <!-- Field: /Page -->



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









<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">The offer to purchase

the number of Securities as set forth above is confirmed and accepted by the Company.</P>



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



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">

<TR STYLE="vertical-align: top">

    <TD STYLE="font-size: 10pt">&nbsp;</TD>

    <TD COLSPAN="2" STYLE="font-size: 10pt">CHROMOCELL THERAPEUTICS CORPORATION</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="font-size: 10pt">&nbsp;</TD>

    <TD STYLE="font-size: 10pt">&nbsp;</TD>

    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>

    <TD STYLE="font-size: 10pt; width: 3%">By:</TD>

    <TD STYLE="font-size: 10pt; width: 47%; border-bottom: Black 1pt solid">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="font-size: 10pt">&nbsp;</TD>

    <TD STYLE="font-size: 10pt">&nbsp;</TD>

    <TD STYLE="font-size: 10pt">Name: Francis Knuettel II</TD></TR>

<TR STYLE="vertical-align: top">

    <TD STYLE="font-size: 10pt">&nbsp;</TD>

    <TD STYLE="font-size: 10pt">&nbsp;</TD>

    <TD STYLE="font-size: 10pt">Title: Chief Financial Officer</TD></TR>

</TABLE>



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



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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>

    <!-- Field: /Page -->



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







<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><U>EXHIBIT

A</U></B></FONT></P>



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



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



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



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



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



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    <!-- Field: /Page -->



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