Exhibit 10.2


 


EXCHANGE
AGREEMENT


 


This
Exchange Agreement (this “Agreement”) dated this 30th day of March, 2018, by and among Hash Labs Inc., a Nevada corporation
(the “Company”) and Lyle Hauser, an individual (the “Holder”).


 


W
I T N E S S E T H:


 


WHEREAS,
the Holder is the holder of various promissory notes of the Company, in the aggregate outstanding principal amount of $68,969
(including accrued interest), representing all of the outstanding promissory notes of the Company held by the Holder as of March
30, 2018 (the “Notes”);


 


WHEREAS,
the Company and the Holder desire to have the Notes exchanged for a new convertible promissory note of the Company as more particularly
set forth below;


 


WHEREFORE,
the parties do hereby agree as follows:


 


1.          Effective
upon the execution of this Agreement, the Holder will exchange the Notes for a new convertible promissory note of the Company
in the principal amount of $68,969, convertible into shares of common stock of the Company at a conversion price of $0.0005 per
share, in the form of Exhibit A hereto (the “New Note”). Without limiting the generality of the foregoing, effective
upon the execution of this Agreement, the Notes will automatically be deemed cancelled, and the Company shall issue the New Note
to the Holder.


 


2.          This
Agreement constitutes the entire agreement and supersedes all other prior and contemporaneous agreements and undertakings, both
written and oral, among the parties hereto with regard to the subject matter hereof.


 


3.         This
Agreement may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original and
shall be binding upon all parties, their successors and assigns, and all of which taken together shall constitute one and the
same Agreement. A signature delivered by facsimile shall constitute an original.


 


[Signature
Page Follows]





 






     

     


    

 


IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.


 


	HASH
                                         LABS INC.


	 
	 	 	 
	By:	/s/ Niquana Noel	 
	Name:

        
	Niquana Noel	 
	Title:	Chief Executive
    Officer   	 
	 	 	 
	/s/ Lyle Hauser


	 
	Lyle Hauser	 


  






    	 	2	 



     


    

 





Exhibit
A


 


CONVERIBLE
PROMISSORY NOTE


 


	$68,969	March 30, 2018




  


FOR
VALUE RECEIVED, Hash Labs Inc. a Nevada corporation (the “Company”) hereby promises to pay to Lyle Hauser (“Holder”),
in lawful money of the United States of America, the principal sum of Sixty-Eight Thousand and Nine Hundred Sixty-Nine Dollars
($68,969), plus interest at a rate per annum of 7% on October 2, 2018.


  


The
Company shall have the right to prepay, at any time and from time to time without premium or penalty, the entire unpaid principal
balance of this Note or any portion thereof; provided there shall also be paid with such prepayment all accrued interest on the
unpaid principal balance.


  


This
Note will be convertible into common stock of the Company, at any time at the option of the Holder, at a conversion price of $0.0005
per share (subject to adjustment in the event of stock splits, stock dividends, and similar transactions). The Holder may convert
this Note to common stock by providing a written notice of conversion to the Company, setting the forth the amount of the Note
to be converted and the number of shares of common stock to be issued upon such conversion, in a form reasonably acceptable to
the Company. The Company shall promptly deliver or cause to be delivered such shares to the Holder following receipt of such a
notice.


 


This
Note shall be governed by and construed in accordance with the internal laws of the State of New York. Holder and Company hereby
irrevocably submit to the exclusive jurisdiction of any federal or state court located within the County of New York over any
dispute relating to this Note and Company and Holder each hereby irrevocably agree that all claims in respect of such dispute
or any suit, action or proceeding related thereto may be heard and determined in such courts.


  


IN
WITNESS WHEREOF, the undersigned has caused this Note to be executed as of the day and year first above written.


 


	 	HASH LABS INC.
	 	 	 
	 	By:	       
	 	Name:	Niquana Noel
	 	Title:	Chief Executive
    Officer


 


 


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