Exhibit 10.1


 





 


 


 


 


EQUITY PURCHASE AGREEMENT


 


 


BY AND BETWEEN


 


 


CONSORTEUM HOLDINGS,
INC.


 


 


AND


 


 


OSCALETA PARTNERS
LLC


 


 


Dated as of


 


 


September 22, 2017


 


 


 


 


 


 






    	 	 	 



     

    

 


THIS EQUITY PURCHASE
AGREEMENT entered into as of the 22nd day of September, 2017 (this “AGREEMENT”), by and between OSCALETA PARTNERS
LLC, a Connecticut limited liability company ("INVESTOR"), and CONSORTEUM HOLDINGS, INC., a Nevada corporation
(the "COMPANY").


 


WHEREAS,
the parties desire that, upon the terms and subject to the conditions contained herein, the Company shall issue and sell to Investor,
from time to time as provided herein, and Investor shall purchase up to Five Million Dollars ($5,000,000) of the Company's Common
Stock (as defined below).


 


NOW, THEREFORE, the parties hereto agree as follows:


 


ARTICLE I


CERTAIN DEFINITIONS


 


Section
1.1DEFINED TERMS. As used in this Agreement, the following terms shall have the following meanings specified or indicated
(such meanings to be equally applicable to both the singular and plural forms of the terms defined):


 


"AGREEMENT"
shall have the meaning specified in the preamble hereof. "CLAIM NOTICE" shall have the meaning specified in Section
9.3(a).


"CLEARING
DATE" shall be the date in which the Estimated Put Shares (as defined in Section 2.2(a}) have been deposited into the Investor's
brokerage account.


 


"CLOSING"
shall mean one of the closings of a purchase and sale of shares of Common Stock pursuant to Section 2.3.


 


"CLOSING
CERTIFICATE" shall mean the closing certificate of the Company in the form of Exhibit B hereto.


 


"CLOSING
PRICE" shall mean the closing bid price for the Common Stock on the Principal Market on a Trading Day as reported by Bloomberg
Finance L.P.


 


"COMMITMENT
PERIOD" shall mean the period commencing on the Effective Date, and ending on the earlier of (i) the date on which Investor
shall have purchased Put Shares pursuant to this Agreement for an aggregate Purchase Price of the Maximum Commitment Amount, or
(ii) the date occurring twenty four (24) months from the Effective Date.


 


"COMMON
STOCK" shall mean the Company's common stock, $0.001 par value per share, and any shares of any other class of common stock
whether now or hereafter authorized, having the right to participate in the distribution of dividends (as and when declared) and
assets (upon liquidation of the Company).


 


"COMMON
STOCK EQUIVALENTS" shall mean any securities that are convertible into or exchangeable for Common Stock or any options or
other rights to subscribe for or purchase Common Stock or any such convertible or exchangeable securities.


 


"COMPANY"
shall have the meaning specified in the preamble to this Agreement.


 


"DAMAGES"
shall mean any loss, claim, damage, liability, cost and expense (including, without limitation, reasonable attorneys' fees and
disbursements and costs and expenses of expert witnesses and investigation).


 


"DISPUTE
PERIOD" shall have the meaning specified in Section 9.3(a).


 


 


 


 






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"DOLLAR
VOLUME" shall mean the product of (a) the Closing Price multiplied by (b) the trading volume on the Principal Market on a
Trading Day.


 


"DTC"
shall have the meaning specified in Section 2.3. "DWAC" shall have the meaning specified in Section 2.3.


 


"EFFECTIVE
DATE" shall mean the date that the Registration Statement is declared effective by the SEC.


 


"ESTIMATED
PUT SHARES" shall have the meaning specified in Section 2.2(a)


 


"EXCHANGE
ACT" shall mean the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.


 


"FAST"
shall have the meaning specified in Section 2.3.


 


"FINRA"
shall mean the Financial Industry Regulatory Authority, Inc.


 


"FLOOR
PRICE" shall mean seventy five percent (75%) of the average of the Closing Prices for the ten (IO)
Trading Days immediately preceding the date of the Company's Put Notice.


 


"INDEMNIFIED
PARTY" shall have the meaning specified in Section 9.2.


 


"INDEMNIFYING PARTY" shall have the meaning specified in
Section 9.2. "INDEMNITY NOTICE" shall have the meaning specified in Section 9.3(b).


 


"INVESTMENT
AMOUNT" shall mean the dollar amount to be invested by Investor to purchase Put Shares with respect to any Put as notified
by the Company to Investor in accordance with Section 2.2.


 


"INVESTOR"
shall have the meaning specified in the preamble to this Agreement.


 


"MARKET
PRICE" shall mean the lowest Closing Price on the Principal Market for any Trading Day during the Valuation Period, as reported
by Bloomberg Finance L.P.


 


"MATERIAL
ADVERSE EFFECT" shall mean any effect on the business, operations, properties, or financial condition of the Company that
is material and adverse to the Company and/or any condition, circumstance, or situation that would prohibit or otherwise materially
interfere with the ability of the Company to enter into and perform its obligations under this Agreement.


 


"MAXIMUM
COMMITMENT AMOUNT" shall mean Five Million Dollars ($5,000,000). "PAR VALUE PAYMENT" shall have the meaning specified
in Section 2.2(a).


 


"PERSON"
shall mean an individual, a corporation, a partnership, an association, a trust or other entity or organization, including a government
or political subdivision or an agency or instrumentality thereof.


 


"PRINCIPAL
MARKET" shall mean any of the national exchanges (i.e. NYSE, NYSE AMEX, Nasdaq), OTCQX, OTCQB, OTC Pink Sheets, or other
principal exchange which is at the time the principal trading exchange or market for the Common Stock.


 


 


 


 


 






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"PURCHASE
PRICE" shall mean 88% of the Market Price on such date on which the Purchase Price is calculated in accordance with the terms
and conditions of this Agreement.


 


"PUT"
shall mean the right of the Company to require the Investor to purchase shares of Common Stock, subject to the terms and conditions
of this Agreement.


 


"PUT
DATE" shall mean any Trading Day during the Commitment Period that a Put Notice is deemed delivered pursuant to Section 2.2(b).


 


"PUT
NOTICE" shall mean a written notice, substantially in the form of Exhibit A hereto, from the Company to Investor setting
forth the Investment Amount with respect to which the Company intends to require Investor to purchase shares of Common Stock pursuant
to the terms of this Agreement.


 


"PUT
SHARES" shall mean all shares of Common Stock issued or issuable pursuant to a Put that has been exercised or may be exercised
in accordance with the terms and conditions of this Agreement.


 


"REGISTERED
SECURITIES" shall mean the (a) Put Shares, and (b) any securities issued or issuable with respect to any of the foregoing
by way of exchange, stock dividend or stock split or in connection with a combination of shares, recapitalization, merger, consolidation
or other reorganization or otherwise. As to any particular Registered Securities, once issued such securities shall cease to be
Registrable Securities when (i) a Registration Statement has been declared effective by the SEC and such Registrable Securities
have been disposed of pursuant to such Registration Statement, (ii) such Registrable Securities have been sold under circumstances
under which all of the applicable conditions of Rule 144 are met, (iii) such time as such Registrable Securities have been otherwise
transferred to holders who may trade such shares without restriction under the Securities Act or (iv) in the opinion of counsel
to the Company, which counsel shall be reasonably acceptable to Investor, such Registrable Securities may be sold without registration
under the Securities Act or the need for an exemption from any such registration requirements and without any time, volume or
manner limitations pursuant to Rule 144(b)(i) (or any similar provision then in effect) under the Securities Act.


 


"REGISTRATION
STATEMENT" shall mean the Company's effective registration statement on file with the SEC, and any follow up registration
statement or amendment thereto, relating to the Registered Securities.


 


"REGULATION
D" shall mean Regulation D promulgated under the Securities Act.


 


"RULE
144" shall mean Rule 144 under the Securities Act or any similar provision then in force under the Securities Act.


 


"SEC"
shall mean the Securities and Exchange Commission.


 


"SECURITIES
ACT" shall mean the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.


 


"SEC
DOCUMENTS" shall mean, as of a particular date, all reports and other documents filed by the Company pursuant to Section
I3(a) or lS(d) of the Exchange Act since the end of the Company's then most recently completed and reported fiscal year as of
the time in question (provided that if the date in question is within ninety days of the beginning of the Company's fiscal year,
the term shall include all documents filed since the beginning of the preceding fiscal year).


 


"SHORT
SALES" shall mean all "short sales" as defined in Rule 200 of Regulation SHO under the Exchange Act (but shall
not be deemed to include the location and/or reservation of borrowable shares of Common Stock).


 


 


 


 






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"SUBSCRIPTION
DATE" shall mean the date on which this Agreement is executed and delivered by the Company and Investor.


 


"THIRD
PARTY CLAIM" shall have the meaning specified in Section 9.3(a).


 


"TRADING
DAY" shall mean a day on which the Principal Market shall be open for business.


 


"TRANSACTION
DOCUMENTS" shall mean this Agreement and the Registration Rights Agreement. "TRANSFER AGENT" shall mean the transfer
agent for the Common Stock (and to any substitute or replacement transfer agent for the Common Stock upon the Company's appointment
of any such substitute or replacement transfer agent).


 


"UNDERWRITER"
shall mean any underwriter participating in any disposition of the Registered Securities on behalf of Investor pursuant to the
Registration Statement.


 


"VALUATION
EVENT" shall mean an event in which the Company at any time during a Valuation Period takes any of the following actions:


 


(a)               
subdivides or combines the Common Stock;


 


(b)                
pays a dividend in shares of Common Stock or makes any other distribution of shares of Common Stock, except for dividends
paid with respect to any series of preferred stock authorized by the Company, whether existing now or in the future;


 


(c)               
issues any options or other rights to subscribe for or purchase shares of Common Stock other than pursuant to this Agreement,
and other than options or stock grants issued or issuable to directors, officers and employees pursuant to a stock option program,
whereby the price per share for which shares of Common Stock may at any time thereafter be issuable pursuant to such options or
other rights shall be less than the Closing Price in effect immediately prior to such issuance;


 


(d)               
issues any securities convertible into or exchangeable for shares of Common Stock and the consideration per share for which
shares of Common Stock may at any time thereafter be issuable pursuant to the terms of such convertible or exchangeable securities
shall be less than the Closing Price in effect immediately prior to such issuance;


 


(e)               
issues shares of Common Stock otherwise than as provided in the foregoing subsections (a) through (d), at a price per share
less, or for other consideration lower, than the Closing Price in effect immediately prior to such issuance, or without consideration;
or


 


(f)           
makes a distribution of its assets or evidences of indebtedness to the holders of Common Stock as a dividend in liquidation
or by way of return of capital or other than as a dividend payable out of earnings or surplus legally available for dividends
under applicable law or any distribution to such holders made in respect of the sale of all or substantially all of the Company's
assets (other than under the circumstances provided for in the foregoing subsections (a) through (e).


 


"VALUATION
PERIOD" shall mean the period of ten (10) Trading Days immediately following the Clearing Date associated with the
applicable Put Notice during which the Purchase Price of the Common Stock is valued; provided, however, that if a Valuation
Event occurs during any Valuation Period, a new Valuation Period shall begin on the Trading Day immediately after the
occurrence of such Valuation Event and end on the tenth (10th) Trading Day thereafter. Investor shall notify the Company in
writing of the occurrence of the Clearing Date associated with a Put Notice. The Valuation Period shall begin the first
Trading Day following such written notice from Investor.


 


 


 


 






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ARTICLE II


PURCHASE AND SALE OF
COMMON STOCK


 


Section
2.1INVESTMENTS.


 


(a)               
PUTS. Upon the terms and conditions set forth herein (including, without limitation, the provisions of Article VII), on
any Put Date the Company may exercise a Put by the delivery of a Put Notice. The number of Put Shares that Investor shall purchase
pursuant to such Put shall be determined by dividing the Investment Amount specified in the Put Notice by the Purchase Price with
respect to such Put Notice.


 


(b)               
PROMISSORY NOTE. As a condition for the execution of this Agreement by the Investor, the Company shall issue to the Investor
a promissory note in the principal amount equal to $50,000.00 (the "NOTE") on the Subscription Date representing payment
by the Company of its commitment fee. The Note shall have no registration rights.


 


Section
2.2MECHANICS.


 


(a)               
PUT NOTICE. At any time and from time to time during the Commitment Period, the Company may deliver a Put Notice to Investor,
subject to the conditions set forth in Section 7.2; provided, however, that the Investment Amount identified in the applicable
Put Notice, when taken together with all prior Put Notices, shall not exceed the Maximum Commitment Amount. On the Put Date the
Company shall deliver to Investor's brokerage account estimated put shares equal to the Investment Amount indicated in the Put
Notice divided by the Closing Price on the Trading Day immediately preceding the Put Date, multiplied by one hundred twenty five
percent (125%) (the "ESTIMATED PUT SHARES"). On the Trading Date immediately following delivery of the Estimated Put
Shares, Investor shall deliver payment by check or wire transfer to the Company in an amount equal lo the par value of the Estimated
Put Shares ("PAR VALUE PAYMENT").


 


(b)               
DATE OF DELIVERY Or PUT NOTICE. A Put Notice shall be deemed delivered on (i) the Trading Day it is received by facsimile
or otherwise by Investor if such notice is received Oil or prior to 12:00 noon New York time, or (ii) the immediately succeeding
Trading Day if it is received by facsimile or otherwise after 12:00 noon New York time on a Trading Day or at any time on a day
which is not a Trading Day.


 


(c)               
FLOOR PRICE. In the event that, during a Valuation Period, the Closing Price oil any Trading Day is less than the Floor
Price (a "LOW PRICE"), for each such Trading Day, the parties shall have no right to sell and shall be under no obligation
to purchase one tenth (1110th) of the Investment Amount specified in the Put Notice, and the Investment Amount shall accordingly
be deemed reduced by such amount. In the event that during a Valuation Period there exists a Low Price for any three (3) Trading
Days--not necessarily consecutive then the balance of each party's right and obligation to sell and purchase the Investment Amount
under such Put Notice shall terminate on such third Trading Day ("TERMINATION DAY"), and the Investment Amount shall
be adjusted to include only one-tenth ( l/ 10111) of the initial Investment Amount for each
Trading Day during the Valuation Period prior to the Termination Day that the Closing Price equals or exceeds the Floor Price.


 


Section
2.3CLOSINGS. At the end of the Valuation Period the Purchase Price shall be established and the number of Put Shares
shall be determined for a particular Put. If the number of Estimated Put Shares initially delivered to Investor is greater
than the Put Shares purchased by Investor pursuant to such Put, then immediately after the Valuation Period the Investor
shall deliver to Company or its transfer agent any excess Estimated Put Shares associated with such Put, and the Par Value
Payment associated with such excess Estimated Put Shares shall be returned to Investor. If the number of Estimated Put Shares
delivered to Investor is less than the Put Shares purchased by Investor pursuant to a Put, then immediately after the
Valuation Period the Company shall deliver to Investor the difference between the Estimated Put Shares and the Put Shares
issuable pursuant to such Put. The Closing of a Put shall occur upon the first Trading Day following the completion of the
Valuation Period, whereby Investor shall deliver the Investment Amount specified in the Put Notice, less the Par Value
Payment, by wire transfer of immediately available funds to an account designated by the Company. In lieu of delivering
physical certificates representing the Common Stock issuable in accordance with this Section 2.3, and provided that the
Transfer Agent then is participating in the Depository Trust Company ("DTC") Fast Automated Securities Transfer
("FAST") program, upon request of Investor made no earlier than October 31, 2017, but subject to the applicable
provisions of Article VIII hereof, the Company shall use its commercially reasonable efforts to cause the Transfer Agent to
electronically transmit, prior to the applicable Closing Date, the applicable Put Shares by crediting the account of the
Investor's prime broker with DTC through its Deposit/Withdrawal at Custodian ("DWAC") system, and provide proof
satisfactory to the Investor of such delivery. In addition, on or prior to such Closing Date, each of the Company and
Investor shall deliver to each other all documents, instruments and writings required to be delivered or reasonably
requested by either of them pursuant to this Agreement in order to implement and effect the transactions contemplated
herein.


 


 






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ARTICLE III


REPRESENTATIONS AND WARRANTIES
OF INVESTOR


 


Investor
represents and warrants to the Company that:


 


Section
3.1INTENT. Investor is entering into this Agreement for its own account and Investor has no present arrangement (whether or
not legally binding) at any time to sell the Registered Securities to or through any person or entity; provided, however, that
Investor reserves the right to dispose of the Registered Securities at any time in accordance with federal and state securities
laws applicable to such disposition.


 


Section
3.2NO LEGAL ADVICE FROM THE COMPANY. The Investor acknowledges that it has had the opportunity to review this Agreement and
the transactions contemplated by this Agreement with its own legal counsel and investment and tax advisors. The Investor is relying
solely on such counsel and advisors and not on any statements or representations of the Company or any of its representatives
or agents for legal, tax or investment advice with respect to this investment, the transactions contemplated by this Agreement
or the securities laws of any jurisdiction.


 


Section
3.3SOPHISTICATED INVESTOR. Investor is a sophisticated investor (as described in Rule 506(b)(2)(ii) of Regulation D) and an
accredited investor (as defined in Rule 501 of Regulation D), and Investor has such experience in business and financial matters
that it is capable of evaluating the merits and risks of an investment in the Registered Securities. Investor acknowledges that
an investment in the Registered Securities is speculative and involves a high degree of risk.


 


Section
3.4AUTHORITY. (a) Investor has the requisite power and authority to enter into and perform its obligations under this Agreement
and the transactions contemplated hereby in accordance with its terms; (b)  
the execution and delivery of this Agreement and the consummation by it of the transactions contemplated hereby have been
duly authorized by all necessary action and no further consent or authorization of Investor or its members is required; and (c)
this Agreement has been duly authorized and validly executed and delivered by Investor and constitutes a valid and binding obligation
of Investor enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, or similar laws
relating to, or affecting generally the enforcement of, creditors' rights and remedies or by other equitable principles of general
application.


 


Section
3.5NOT AN AFFILIATE. Investor is not an officer, director or "affiliate" (as that term is defined in Rule 405 of
the Securities Act) of the Company.


 


Section
3.6ORGANIZATION AND STANDING. Investor is a limited liability company duly organized, validly existing and in good standing
under the laws of the State of Connecticut and has all requisite power and authority to own, lease and operate its properties
and to carry on its business as now being conducted. Investor is duly qualified and in good standing in every jurisdiction in
which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which
the failure so to qualify would not have a material adverse effect on Investor.


 


 


 


 






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Section
3.7ABSENCE OF CONFLICTS. The execution and delivery of this Agreement and any other document or instrument contemplated hereby,
and the consummation of the transactions contemplated hereby and thereby, and compliance with the requirements hereof and thereof,
will not (a) violate any Jaw, rule, regulation, order, writ, judgment, injunction, decree or award binding on Investor, (b) violate
any provision of any indenture, instrument or agreement to which Investor is a party or is subject, or by which Investor or any
of its assets is bound, or conflict with or constitute a default thereunder, (c) result in the creation or imposition of any lien
pursuant to the terms of any such indenture, instrument or agreement, or constitute a breach of any fiduciary duty owed by Investor
to any third party, or (d) require the approval of any third-party (that has not been obtained) pursuant to any contract, instrument,
agreement, relationship or legal obligation to which Investor is subject or to which any of its assets, operations or management
may be subject.


 


Section
3.8DISCLOSURE; ACCESS TO INFORMATION. Investor had an opportunity to review copies of the SEC Documents filed on behalf of
the Company and has had access to all publicly available information with respect to the Company.


 


Section 3.9MANNER OF SALE.
At no time was Investor presented with or solicited by or through any leaflet, public promotional meeting, television advertisement
or any other form of general solicitation or advertising.


 


ARTICLE IV


REPRESENTATIONS AND WARRANTIES
OF THE COMPANY


 


The
Company represents and warrants to Investor that, except as disclosed in the SEC Documents:


 


Section
4.1ORGANIZATION OF THE COMPANY. The Company is a corporation duly organized, validly existing and in good standing under the
laws of the State of Nevada and has all requisite power and authority to own, lease and operate its properties and to carry on
its business as now being conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing
in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary,
other than those in which the failure so to qualify would not have a Material Adverse Effect or where the Company is in the process
of qualifying (GA).


 


Section
4.2AUTHORITY. (a) The Company has the requisite corporate power and authority to enter into and perform its obligations under
this Agreement and to issue the Put Shares; (b) the execution and delivery of this Agreement by the Company and the consummation
by it of the transactions contemplated hereby have been duly authorized by all necessary corporate action and no further consent
or authorization of the Company or its Board of Directors or stockholders is required; and (c) this Agreement has been duly executed
and delivered by the Company and constitutes a valid and binding obligation of the Company enforceable against the Company in
accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, or similar laws
relating to, or affecting generally the enforcement of, creditors' rights and remedies or by other equitable principles of general
application.


 


Section
4.3CAPITALIZATION. As of the date hereof, the authorized capital stock of the Company consists of 500,000,000 shares of Common
Stock, $0.00 I par value per share, of which 471,150,864 shares were issued and outstanding as of September 14, 2017, and 100,000,000
shares of preferred stock, including 5,000,000 shares of Series A Preferred Stock, 15,000,000 shares of Series B Preferred Stock
and 40,000,000 shares of Series C Preferred Stock authorized, of which 5,000,000 shares of Series A Preferred Stock, 6,000,000
shares of Series B Preferred Stock and no shares of Series C Preferred Stock were issued and outstanding at September 14, 2017.


 


Except
as otherwise disclosed in the SEC Documents or on Schedule 4.3, there arc no outstanding securities which arc convertible
into shares of Common Stock, whether such conversion is currently exercisable or exercisable only upon some future date or the
occurrence of some event in the future.


 


 


 


 






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All
of the outstanding shares of Common Stock of the Company have been duly and validly authorized and issued and arc fully paid and
non-assessable.


 


Section
4.4COMMON STOCK. Except as otherwise disclosed on Schedule 4.4, the Company is in full compliance with all reporting
requirements of the Exchange Act, and the Company has maintained all requirements for the continued listing or quotation of the
Common Stock, and such Common Stock is currently listed or quoted on the Principal Market which is presently the OTCQB Pink Sheets.


 


Section
4.5SEC DOCUMENTS. The Company may make available to investor true and complete copies of the SEC Documents (including, without
limitation, proxy information and solicitation materials). As of their respective dates, the SEC Documents complied in all material
respects with the requirements of the Exchange Act, and other federal laws, rules and regulations applicable to such SEC Documents,
and none of the SEC Documents contained any untrue statement of a material fact or omitted to state a material fact required to
be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made,
not misleading. The financial statements of the Company included in the SEC Documents comply as to form and substance in all material
respects with applicable accounting requirements and the published rules and regulations of the SEC or other applicable rules
and regulations with respect thereto. Such financial statements have been prepared in accordance with generally accepted accounting
principles applied on a consistent basis during the periods involved (except (a) as may be otherwise indicated in such financial
statements or the notes thereto or (b) in the case of unaudited interim statements, to the extent they may not include footnotes
or may be condensed or summary statements) and fairly present in all material respects the financial position of the Company as
of the dates thereof and the results of operations and cash flows for the periods then ended (subject, in the case of unaudited
statements, to normal year-end audit adjustments).


 


Section
4.6VALID ISSUANCES. When issued and paid for as herein provided, the Put Shares shall be duly and validly issued, fully paid,
and non-assessable. The sales of the Put Shares pursuant to this Agreement, and the Company's performance of its obligations hereunder,
shall not (a) result in the creation or imposition of any liens, charges, claims or other encumbrances upon the Put Shares, or
any of the assets of the Company, or (b) entitle the holders of outstanding shares of Common Stock to preemptive or other rights
to subscribe to or acquire the Common Stock or other securities of the Company. The Put Shares shall not subject Investor to personal
liability, in excess of the subscription price by reason of the ownership thereof.


 


Section
4.7NO CONFLICTS. The execution, delivery and performance of this Agreement by the Company and the consummation by the Company
of the transactions contemplated hereby, including without limitation the issuance of the Put Shares, do not and will not (a)
result in a violation of the Company's Articles of Incorporation or By-Laws or (b) conflict with, or constitute a material default
(or an event that with notice or lapse of time or both would become a material default) under, or give to others any rights of
termination, amendment, acceleration or cancellation of, any material agreement, indenture, instrument or any "lock-up"
or similar provision of any underwriting or similar agreement to which the Company is a party, or (c) result in a violation of
any federal, state or local law, rule, regulation, order, judgment or decree (including federal and state securities laws and
regulations) applicable to the Company or by which any property or asset of the Company is bound or affected (except for such
conflicts, defaults, terminations, amendments, accelerations, cancellations and violations as would not, individually or in the
aggregate, have a Material Adverse Effect) nor is the Company otherwise in violation of, conflict with or in default under any
of the foregoing. The business of the Company is not being conducted in violation of any law, ordinance or regulation of any governmental
entity, except for possible violations that either singly or in the aggregate do not and will not have a Material Adverse Effect.
The Company is not required under federal, state or local law, rule or regulation to obtain any consent, authorization or order
of, or make any filing or registration with, any court or governmental agency in order for it to execute, deliver or perform any
of its obligations under this Agreement or issue and sell the Common Stock in accordance with the terms hereof (other than any
SEC, FINRA or state securities filings that may be required to be made by the Company subsequent to any Closing, and any registration
statement that may be filed pursuant hereto); provided that, for purposes of the representation made in this sentence, the Company
is assuming and relying upon the accuracy of the relevant representations and agreements of Investor herein.


 


 


 


 


 


 






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Section
4.8NO MATERIAL ADVERSE CHANGE. Since August 31, 2017 no event has occurred that would have a Material Adverse Effect on the
Company.


 


Section
4.9LITIGATION AND OTHER PROCEEDINGS. Except as disclosed on Schedule 4.9 and in the Company's SEC filings, there are no lawsuits
or proceedings pending or to the knowledge of the Company threatened, against the Company, nor has the Company received any written
or oral notice of any such action, suit, proceeding or investigation, which would have a Material Adverse Effect. No judgment,
order, writ, injunction or decree or award has been issued by or, so far as is known by the Company, requested by any court, arbitrator
or governmental agency which would have a Material Adverse Effect.


 


Section 4.10     DILUTION. The number of shares of Common Stock
issuable as Put Shares may increase substantially in certain circumstances, including, but not necessarily limited to, the circumstance
wherein the trading price of the Common Stock declines during the period between the Effective Date and the end of the Commitment
Period. The Company's executive officers and directors have studied and fully understand the nature of the transactions contemplated
by this Agreement and recognize that they have a potential dilutive effect. The board of directors of the Company has concluded
in its good faith business judgment that such issuance is in the best interests of the Company. The Company specifically acknowledges
that, subject to Section 2.2(c), its obligation to issue the Put Shares is binding upon the Company and enforceable regardless
of the dilution such issuance may have on the ownership interests of other shareholders of the Company.


 


ARTICLE V


COVENANTS
OF INVESTOR


 


Section
5.1COMPLIANCE WITH LAW; TRADING IN SECURITIES. Investor's trading activities with respect to shares of the Common Stock will
be in compliance with all applicable state and federal securities laws, rules and regulations and the rules and regulations of
FINRA and the Principal Market on which the Common Stock is listed or quoted.


 


Section
5.2SHORT SALES AND CONFIDENTIALITY. Neither Investor nor any affiliate of the Investor acting on its behalf or pursuant to
any understanding with it will execute any Short Sales during the period from the date hereof to the end of the Commitment Period.
For the purposes hereof, and in accordance with Regulation SHO, the sale after delivery of a Put Notice of such number of shares
of Common Stock reasonably expected to be purchased under a Put Notice shall not be deemed a Short Sale.


 


Other than to other Persons
party to this Agreement, Investor has maintained the confidentiality of all disclosures made to it in connection with this transaction
(including the existence and terms of this transaction).


 


ARTICLE VI


COVENANTS OF
THE COMPANY


 


Section
6.1RESERVATION OF COMMON STOCK. The Company will, from time to time as needed in advance of a Closing Date, reserve and keep
available until the consummation of such Closing, free of preemptive rights sufficient shares of Common Stock for the purpose
of enabling the Company to satisfy its obligation to issue the Put Shares to be issued in connection therewith. The number of
shares so reserved from time to time, as theretofore increased or reduced as hereinafter provided, may be reduced by the number
of shares actually delivered hereunder.


 


 


 


 


 


 


 


 


 






    	 	9	 



     

    

 


Section
6.2LISTING OF COMMON STOCK. If the Company applies to have the Common Stock traded on
any other Principal Market, it shall include in such application the Put Shares, and shall take such other action as is necessary
or desirable in the reasonable opinion of Investor to cause the Common Stock to be listed on such other Principal Market as promptly
as possible. The Company shall use its commercially reasonable efforts to continue the listing and trading of the Common Stock
on the Principal Market (including, without limitation, maintaining sufficient net tangible assets) and will comply in all respects
with the Company's reporting, filing and other obligations under the bylaws or rules of the FINRA and the Principal Market.


 


Section
6.3CERTAIN AGREEMENTS. So long as this Agreement remains in effect, the Company covenants and agrees that it will not, without
the prior written consent of the Investor, enter into any other equity line of credit agreement with a third party during the
Commitment Period having terms and conditions substantially comparable to this Agreement. For the avoidance of doubt, nothing
contained in the Transaction Documents shall restrict, or require the Investor's consent for, any agreement providing for the
issuance or distribution of (or the issuance or distribution of) any equity securities pursuant to any agreement or arrangement
that is not commonly understood to be an "equity line of credit."


 


ARTICLE VII


CONDITIONS TO DELIVERY
OF


PUT NOTICES AND CONDITIONS TO CLOSING


 


Section
7.1CONDITIONS PRECEDENT TO THE OBLIGATION OF THE COMPANY TO ISSUE AND SELL COMMON STOCK.
The obligation hereunder of the Company to issue and sell the Put Shares to Investor is subject to the satisfaction of each of
the conditions set forth below.


 


(a)               
ACCURACY OF INVESTOR'S REPRESENTATIONS AND WARRANTIES. The representations and warranties of Investor shall be true and
correct in all material respects as of the date of this Agreement and as of the date of each such Closing as though made at each
such time.


 


(b)               
PERFORMANCE BY INVESTOR. Investor shall have performed, satisfied and complied in all respects with all covenants, agreements
and conditions required by this Agreement to be performed, satisfied or complied with by Investor at or prior to such Closing.


 


(c)               
PRINCIPAL MARKET REGULATION. The Company shall not issue any Put Shares, and the Investor shall not have the right to receive
any Put Shares, if the issuance of such shares would exceed the aggregate number of shares of Common Stock which the Company may
issue without breaching the Company's obligations under the rules or regulations of the Principal Market (the "EXCHANGE CAP").


 


Section
7.2CONDITIONS PRECEDENT TO THE RIGHT OF THE COMPANY TO DELIVER A PUT NOTICE AND THE OBLIGATION OF INVESTOR TO PURCHASE PUT
SHARES. The right of the Company to deliver a Put Notice and the obligation of Investor hereunder to acquire and pay for the Put
Shares is subject to the satisfaction of each of the following conditions:


 


(a)               
EFFECTIVE REGISTRATION STATEMENT. The Registration Statement, and any amendment or supplement thereto, shall remain effective
for the sale by Investor of the Registered Securities subject to such Put Notice, and (i)
neither the Company nor Investor shall have received notice that the SEC has issued or intends to issue a stop order with
respect to such Registration Statement or that the SEC otherwise has suspended or withdrawn the effectiveness of such Registration
Statement, either temporarily or permanently, or intends or has threatened to do so, and (ii) no other suspension of the use or
withdrawal of the effectiveness of such Registration Statement or related prospectus shall exist.


 


(b)               
ACCURACY OF THE COMPANY'S REPRESENTATIONS AND WARRANTIES. The representations and warranties of the Company shall be true
and correct in all material respects (except for representations and warranties specifically made as of a particular date), except
for any conditions which have temporarily caused any representations or warranties herein to be incorrect and which have been
corrected with no continuing impairment to the Company or Investor.


 


 


 


 


 


 


 








    	 	10	 



     

    

 


(c)               
PERFORMANCE BY THE COMPANY. The Company shall have performed, satisfied and complied in all material respects with all
covenants, agreements and conditions required by this Agreement to be performed, satisfied or complied with by the Company.


 


(d)               
NO INJUNCTION. No statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered,
promulgated or adopted by any court or governmental authority of competent jurisdiction that prohibits or directly and materially
adversely affects any of the transactions contemplated by this Agreement, and no proceeding shall have been commenced that may
have the effect of prohibiting or materially adversely affecting any of the transactions contemplated by this Agreement.


 


(e)                
ADVERSE CHANGES. Since the date of filing of the Company's most recent SEC Document, no event that had or is reasonably
likely to have a Material Adverse Effect has occurred.


 


(f)       NO
SUSPENSION OF TRADING IN OR DELISTING OF COMMON STOCK. The trading of the Common Stock shall not have been suspended by the SEC,
the Principal Market or the FINRA and the Common Stock shall have been approved for listing or quotation on and shall not have
been delisted from the Principal Market.


 


(g)              
[INTENTIONALLY OMITTED]


 


(h)               
TEN PERCENT LIMITATION. On each Closing Date, the number of Put Shares then to be purchased by Investor shall not exceed
the number of such shares that, when aggregated with all other shares of Common Stock then owned by Investor beneficially or deemed
beneficially owned by Investor, would result in Investor owning more than 9.99% of all of such Common Stock as would be outstanding
on such Closing Date, as determined in accordance with Section 16 of
the Exchange Act and the regulations promulgated thereunder. For purposes of this Section, in the event that the amount of Common
Stock outstanding as determined in accordance with Section 16 of
the Exchange Act and the regulations promulgated thereunder is greater on a Closing Date than on the date upon which the Put Notice
associated with such Closing Date is given, the amount of Common Stock outstanding on such Closing Date shall govern for purposes
of determining whether Investor, when aggregating all purchases of Common Stock made pursuant to this Agreement, would own more
than 9.99% of the Common Stock following such Closing Date.


 


(i)                
PRINCIPAL MARKET REGULATION. The Company shall not issue any Put Shares, and the Investor shall not have the right to receive
any Put Shares, if the issuance of such shares would exceed the Exchange Cap.


 


(j)
NO KNOWLEDGE. The Company shall have no knowledge of any event more likely than not to have the effect of causing such
Registration Statement to be suspended or otherwise ineffective (which event is more likely than not to occur within the fifteen
(15) Trading Days following the Trading Day on which such Put Notice is deemed delivered).


 


(k)               
NO VIOLATION OF SHAREHOLDER APPROVAL REQUIREMENT. The issuance of shares of Common Stock with respect to the applicable
Closing, if any, shall not violate the shareholder approval requirements of the Principal Market.


 


(i)
NO VALUATION EVENT. No Valuation Event shall have occurred since the Put Date.


 


(m)
OTHER. On the date of delivery of each Put Notice, Investor shall have received a ce1iificate in substantially the form and
substance of Exhibit B hereto, executed by an
executive officer of the Company and to the effect that all the conditions to such Closing shall have been satisfied as at
the date of each such certificate.


 


 






    	 	11	 



     

    

 


ARTICLE VIII


LEGENDS


 


Section
8.1      NO STOCK LEGEND OR STOCK TRANSFER RESTRICTIONS. No legend shall be placed on the share certificates
representing the Put Shares.


 


Section 8.2INVESTOR'S COMPLIANCE. Nothing in this Article VIII shall affect in any way Investor's
obligations under any agreement to comply with all applicable securities laws upon the sale of the Common Stock.


 


ARTICLE IX


NOTICES; INDEMNIFICATION


 


Section 9.1NOTICES.
All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in
writing and, unless otherwise specified herein, shall be (a)   personally
served, (b) deposited in the mail, registered or certified, return receipt requested, postage prepaid, (c) delivered by
reputable air courier service with charges prepaid, or (d) transmitted by hand delivery, facsimile, or email as a PDF,
addressed as set forth below or to such other address as such party shall have specified most recently by written notice
given in accordance herewith. Any notice or other communication required or permitted to be given hereunder shall be deemed
effective (i) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile
machine, or email as a PDF, at the address or number designated below (if delivered on a business day during normal business
hours where such notice is to be received), or the first business day following such delivery (if delivered other than on a
business day during normal business hours where such notice is to be received) or (ii) on the second business day following
the date of mailing by express courier service or on the fifth business day after deposited in the mail, in each case, fully
prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first occur.


 


 


 


 


 


 


 


 


 


 


 


 


 






    	 	12	 



     

    

 





The
addresses for such communications shall be:


 


If
to the Company:


 


Consorteum Holdings, Inc.


1870
The Exchange, Suite 230


Atlanta, GA 30339-2021


Attn: Patrick Shuster


Chief Operating Officer


Tel:
888-603-5161


Fax:
_________________________


Email:
patrick@consorteum.com


 


Copy to (which shall not constitute notice):


Schnader Harrison Segal & Lewis LLP


140
Broadway, Suite 3100


New
York, NY 10005-1101


Attn: Sarah Hewitt


Tel:
212-973-8123


Fax:
212-972-8798


Email: shewitt@schnader.com


 


If
to Investor:


 


Oscaleta Partners LLC


90
Grove Street


Ridgefield,
CT 06877


Tel:
203-431-8300


Fax:
203-431-8301


Email:


 


Either
party hereto may from time to time change its address, facsimile number, or email for notices under this Section 9.1
by giving at least ten (10) days' prior written notice of such changed address, facsimile number, or email to the other
party hereto.


 


Section
9.2INDEMNIFICATION. Each party (an "INDEMNJFYING PARTY") agrees to indemnify and hold harmless the other party along
with its officers, directors, employees, and authorized agents, and each Person or entity, if any, who controls such party within
the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act (an "INDEMNIFIED PARTY") from and
against any Damages, joint or several, and any action in respect thereof to which the Indemnified Party becomes subject to, resulting
from, arising out of or relating to (i) any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any
covenant or agreement on the part of Indemnifying Party contained in this Agreement, (ii)
any untrue statement or alleged untrue statement of a material fact contained in the Registration Statement or any post-effective
amendment thereof or supplement thereto, or the omission or alleged omission therefrom of a material fact required to be stated
therein or necessary to make the statements therein not misleading, (iii) any untrue statement or alleged untrue statement of
a material fact contained in any preliminary prospectus or contained in the final prospectus (as amended or supplemented, if the
Company files any amendment thereof or supplement thereto with the SEC) or the omission or alleged omission to state therein any
material fact necessary to make the statements made therein, in the light of the circumstances under which the statements therein
were made, not misleading, or (iv) any violation or alleged violation by the Company of the Securities Act, the Exchange Act,
any state securities law or any rule or regulation under the Securities Act, the Exchange Act or any state securities law, as
such Damages are incurred, except to the extent such Damages result primarily from the Indemnified Party's failure to perform
any covenant or agreement contained in this Agreement or Indemnified Party's negligence, recklessness or bad faith in performing
its obligations under this Agreement; provided, however, that the foregoing indemnity agreement shall not apply to any Damages
of an Indemnified Party to the extent, but only to the extent, arising out of or based upon any untrue statement or alleged untrue
statement or omission or alleged omission of a material fact made by an Indemnifying Party in reliance upon and in conformity
with written information furnished to the Indemnifying Party by the Indemnified Party expressly for use in the Registration Statement,
any post-effective amendment thereof or supplement thereto, or any preliminary prospectus or final prospectus (as amended or supplemented).


 


 


 


 


 


 






    	 	13	 



     

    

 


Section
9.3METHOD OF ASSERTINGINDEMNIFICATION CLAIMS. All claims for indemnification by any Indemnified Party (as defined above)
under Section 9.2 shall be asserted and resolved as follows:


 


(a)               
In the event any claim or demand in respect of which an Indemnified Party might seek indemnity under Section 9.2 is asserted
against or sought to be collected from such Indemnified Party by a person other than a party hereto or an affiliate thereof(a
"THIRD PARTY CLAIM"), the Indemnified Party shall deliver a written notification, enclosing a copy of all papers served,
if any, and specifying the nature of and basis for such Third Party Claim and for the Indemnified Party's claim for indemnification
that is being asserted under any provision of Section 9.2 against an Indemnifying Party, together with the amount or, if not then
reasonably ascertainable, the estimated amount, determined in good faith, of such Third Party Claim (a "CLAIM NOTICE")
with reasonable promptness to the Indemnifying Party. If the Indemnified Party fails to provide the Claim Notice with reasonable
promptness after the Indemnified Party receives notice of such Third Party Claim, the Indemnifying Party shall not be obligated
to indemnify the Indemnified Party with respect to such Third Party Claim to the extent that the Indemnifying Party's ability
to defend has been materially prejudiced by such failure of the Indemnified Party. The Indemnifying Party shall notify the Indemnified
Party as soon as practicable within the period ending thirty (30) calendar days following receipt by the Indemnifying Party of
either a Claim Notice or an Indemnity Notice (as defined below) (the "DISPUTE PERIOD") whether the Indemnifying Party
disputes its liability or the amount of its liability to the Indemnified Party under Section 9.2 and whether the Indemnifying
Party desires, at its sole cost and expense, to defend the Indemnified Party against such Third Party Claim.


 


(i)                
ff the Indemnifying Party notifies the Indemnified Party within the Dispute Period that the Indemnifying Party desires
to defend the Indemnified Party with respect to the Third Party Claim pursuant to this Section 9.3(a), then the Indemnifying Party
shall have the right to defend, with counsel reasonably satisfactory to the Indemnified Party, at the sole cost and expense of
the Indemnifying Party, such Third Party Claim by all appropriate proceedings, which proceedings shall be vigorously and diligently
prosecuted by the Indemnifying Party to a final conclusion or will be settled at the discretion of the Indemnifying Party (but
only with the consent of the Indemnified Party in the case of any settlement that provides for any relief other than the payment
of monetary damages or that provides for the payment of monetary damages as to which the Indemnified Party shall not be indemnified
in full pursuant to Section 9.2). The Indemnifying Party shall have full control of such defense and proceedings, including any
compromise or settlement thereof; provided, however, that the Indemnified Party may, at the sole cost and expense of the Indemnified
Party, at any time prior to the Indemnifying Party's delivery of the notice referred to in the first sentence of this clause (i),
file any motion, answer or other pleadings or take any other action that the Indemnified Party reasonably believes to be necessary
or appropriate to protect its interests; and provided further, that if requested by the Indemnifying Patty, the Indemnified Party
will, at the sole cost and expense of the Indemnifying Party, provide reasonable cooperation to the Indemnifying Party in contesting
any Third Party Claim that the Indemnifying Party elects to contest. The Indemnified Party may participate in, but not control,
any defense or settlement of any Third Party Claim controlled by the Indemnifying Party pursuant to this clause (i), and except
as provided in the preceding sentence, the Indemnified Party shall bear its own costs and expenses with respect to such participation.
Notwithstanding the foregoing, the Indemnified Party may take over the control of the defense or settlement of a Third Party Claim
at any time if it irrevocably waives its right to indemnity under Section 9.2 with respect to such Third Party Claim.


 


 


 


 






    	 	14	 



     

    

 


(ii)              
If the Indemnifying Party fails to notify the Indemnified Party within the Dispute Period that the Indemnifying Party desires
to defend the Third Party Claim pursuant to Section 9.3(a), or if the Indemnifying Party gives such notice but fails to prosecute
vigorously and diligently or settle the Third Party Claim, or if the Indemnifying Party fails to give any notice whatsoever within
the Dispute Period, then the Indemnified Party shall have the right to defend, at the sole cost and expense of the Indemnifying
Party, the Third Party Claim by all appropriate proceedings, which proceedings shall be prosecuted by the Indemnified Party in
a reasonable manner and in good faith or will be settled at the discretion of the Indemnified Party (with the consent of the Indemnifying
Party, which consent will not be unreasonably withheld). The Indemnified Party will have full control of such defense and proceedings,
including any compromise or settlement thereof; provided, however, that if requested by the Indemnified Party, the Indemnifying
Party will, at the sole cost and expense of the Indemnifying Party, provide reasonable cooperation to the Indemnified Party and
its counsel in contesting any Third Party Claim which the Indemnified Party is contesting. Notwithstanding the foregoing provisions
of this clause (ii), if the Indemnifying Party has notified the Indemnified Party within the Dispute Period that the Indemnifying
Party disputes its liability or the amount of its liability hereunder to the Indemnified Party with respect to such Third Party
Claim and if such dispute is resolved in favor of the Indemnifying Party in the manner provided in clause (iii) below, the Indemnifying
Party will not be required to bear the costs and expenses of the Indemnified Party's defense pursuant to this clause (ii)
or of the Indemnifying Party's participation therein at the Indemnified Party's request, and the Indemnified Party shall
reimburse the Indemnifying Party in full for all reasonable costs and expenses incurred by the Indemnifying Party in connection
with such litigation. The Indemnifying Party may participate in, but not control, any defense or settlement controlled by the
Indemnified Party pursuant to this clause (ii), and the Indemnifying Party shall bear its own costs and expenses with respect
to such participation.


 


(iii)         
If the Indemnifying Party notifies the Indemnified Party that it does not dispute its liability or the amount of its liability
to the Indemnified Party with respect to the Third Party Claim under Section 9.2 or fails to notify the Indemnified Party within
the Dispute Period whether the Indemnifying Party disputes its liability or the amount of its liability to the Indemnified Party
with respect to such Third Party Claim, the amount of Damages specified in the Claim Notice shall be conclusively deemed a liability
of the Indemnifying Party under Section 9.2 and the Indemnifying Party shall pay the amount of such Damages to the Indemnified
Party within 10 Business Days of demand. If the Indemnifying Party
has timely disputed its liability or the amount of its liability with respect to such claim, the Indemnifying Party and the Indemnified
Party shall proceed in good faith to negotiate a resolution of such dispute; provided, however, that if the dispute is not resolved
within thirty (30) days after the Claim Notice, the Indemnifying Party shall be entitled to institute such legal action as it
deems appropriate.


 


(b)               
In the event any Indemnified Party should have a claim under Section 9.2 against the Indemnifying Party that does not involve
a Third Party Claim, the Indemnified Party shall deliver a written notification of a claim for indemnity under Section 9.2 specifying
the nature of and basis for such claim, together with the amount or, if not then reasonably ascertainable, the estimated amount,
determined in good faith, of such claim (an "INDEMNITY NOTICE") with reasonable promptness to the Indemnifying Party.
The failure by any Indemnified Party to give the Indemnity Notice shall not impair such party's rights hereunder except to the
extent that the Indemnifying Party demonstrates that it has been irreparably prejudiced thereby. If
the Indemnifying Party notifies the Indemnified Party that it does not dispute the claim or the amount of the claim described
in such Indemnity Notice or fails to notify the Indemnified Party within the Dispute Period whether the Indemnifying Party disputes
the claim or the amount of the claim described in such Indemnity Notice, the amount of Damages specified in the Indemnity Notice
will be conclusively deemed a liability of the Indemnifying Party under Section 9.2 and the Indemnifying Party shall pay the amount
of such Damages to the Indemnified Party within 10 Business Days of demand. If the Indemnifying Party has timely disputed its
liability or the amount of its liability with respect to such claim, the Indemnifying Party and the Indemnified Party shall proceed
in good faith to negotiate a resolution of such dispute; provided, however, that if the dispute is not resolved within thirty
(30) days after the Claim Notice, the Indemnifying Party shall be entitled to institute such legal action as it deems appropriate.


 


 


 


 


 






    	 	15	 



     

    

 


 


(c)               
The Indemnifying Party agrees to pay the Indemnified Party, promptly as such expenses are incurred and are due and payable,
for any reasonable legal fees or other reasonable expenses incurred by them in connection with investigating or defending any
such Claim.


 


(d)               
The indemnity provisions contained herein shall be in addition to (i) any cause of action or similar rights of the Indemnified
Party against the Indemnifying Party or others, and (ii) any liabilities the Indemnifying Party may be subject to.


 


ARTICLE X


MISCELLANEOUS


 


Section
10.1 GOVERNING LAW; JURISDICTION. This Agreement shall be governed by and interpreted in accordance with the laws of the State
of New York without regard to the principles of conflicts of law. Each of the Company and Investor hereby submit to the exclusive
jurisdiction of the United States Federal and state courts located in New York County, New York with respect to any dispute arising
under this Agreement, the agreements entered into in connection herewith or the transactions contemplated hereby or thereby.


 


Section
10.2 JURY TRIAL WAIVER. The Company and the Investor hereby waive a trial by jury in any action, proceeding or counterclaim brought
by either of the parties hereto against the other in respect of any matter arising out of or in connection with the Transaction
Documents.


 


Section
10.3 ASSIGNMENT. This Agreement shall be binding upon and inure to the benefit of the Company and Investor and their respective
successors. Neither this Agreement nor any rights of Investor or the Company hereunder may be assigned by either party to any
other person.


 


Section
10.4 THIRD PARTY BENEFICIARIES. This Agreement is intended for the benefit of the Company and Investor and their respective successors,
and is not for the benefit of, nor may any provision hereof be enforced by, any other person.


 


Section
10.5 TERMINATION. The Company may terminate this Agreement at any time by written notice to the Investor. Additionally, this Agreement
shall terminate at the end of Commitment Period or as otherwise provided herein; provided, however, that the provisions of Article
IX, and Sections 10.1 and 10.2 shall survive the termination of this Agreement for a period of twenty four (24) months.


 


Section
10.6 ENTIRE AGREEMENT, AMENDMENT; NO WAIVER. This Agreement and the instruments referenced herein contain the entire understanding
of the Company and Investor with respect to the matters covered herein and therein and, except as specifically set forth herein
or therein, neither the Company nor Investor makes any representation, warranty, covenant or undertaking with respect to such
matters. This Agreement may not be amended except with the written consent of both parties.


 


Section
10.7 FEES AND EXPENSES. Investor agrees to pay its own expenses in connection with the preparation and negotiation of this Agreement
and performance of its obligations hereunder. The Company agrees to pay its own expenses in connection with the review and negotiation
of this Agreement and performance of its obligations hereunder. The Company shall pay all stamp or other similar taxes and duties
levied in connection with issuance of the Put Shares pursuant hereto.


 


Section
10.8 COUNTERPARTS. This Agreement may be executed in multiple counterparts, each of which may be executed by less than all of
the parties and shall be deemed to be an original instrument which shall be enforceable against the parties actually executing
such counterparts and all of which together shall constitute one and the same instrument. This Agreement may be delivered to the
other parties hereto by facsimile transmission or email of a copy of this Agreement bearing the signature of the parties so delivering
this Agreement.


 


 


 


 


 


 






    	 	16	 



     

    

 


Section
10.9 SEVERABILITY. In the event that any provision of this Agreement becomes or is declared by a court of competent jurisdiction
to be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision; provided
that such severability shall be ineffective if it materially changes the economic benefit of this Agreement to any party.


 


Section
10.10 FURTHER ASSURANCES. Each party shall do and perform, or cause to be done and performed, all such further acts and things,
and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably
request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions
contemplated hereby.


 


Section
10.11 NO STRICT CONSTRUCTION. The language used in this Agreement will be deemed to be the language chosen by the parties to express
their mutual intent, and no rules of strict construction will be applied against any party.


 


Section
10.12INTENTIONALLY OMITTED.


 


Section
10.13 TITLE AND SUBTITLES. The titles and subtitles used in this Agreement are used for the convenience of reference and arc not
to be considered in construing or interpreting this Agreement.


 


Section
10.14 REPORTING ENTITY FOR THE COMMON STOCK. The reporting entity relied upon for the determination of the Closing Price for the
Common Stock on any given Trading Day for the purposes of this Agreement shall be Bloomberg Finance L.P. or any successor thereto.
The written mutual consent of Investor and the Company shall be required to employ any other reporting entity.


 


Section 10.15 PUBLICITY.
The Company and Investor shall consult with each other in issuing any press releases or otherwise making public statements with
respect to the transactions contemplated hereby and no party shall issue any such press release or otherwise make any such public
statement without the prior written consent of the other parties, which consent shall not be unreasonably withheld or delayed,
except that no prior consent shall be required if such disclosure is required by law, in which such case the disclosing party
shall provide the other parties with prior notice of such public statement and the opportunity to comment thereon. Notwithstanding
the foregoing, the Company shall not publicly disclose the name of Investor without the prior written consent of such Investor,
except to the extent required by law. Investor acknowledges that this Agreement and all or part of the Transaction Documents may
be deemed to be "material contracts" as that term is defined by Item 601(b)(10) of Regulation S-K, and that the Company
may therefore be required to file such documents as exhibits to reports or registration statements filed under the Securities
Act or the Exchange Act. Investor further agrees that the status of such documents and materials as material contracts shall be
determined solely by the Company, in consultation with its counsel.


 


 


 


 


 


 


 


 


 


 


 


 


 









    	 	17	 



     

    

 


[SIGNATURE PAGE]


 


IN
WITNESS WHEREOF, the parties hereto have caused this Equity Purchase Agreement to be executed by the undersigned, thereunto
duly authorized, as of the date first set forth above.


 


 


 


 


	 	OSCALETA PARTNERS LLC
	 	 
	 	By: 	/s/ Stephen Hicks
	 	 	Name: Stephen Hicks
Title: Manager



 








 





 


	 	CONSORTEUM HOLDINGS, INC.
	 	 
	 	By:	/s/ Craig A. Fielding
	 	 	Name: Craig A. Fielding
Title: Chief Executive Officer



 







 


 


 


 


 


 


 


 


 


 


 


 


 


 






    	 	18	 



     

    

 


Schedule 4.3- Outstanding Convertible Securities


 


 


See attached schedule.


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 








    	 	19	 



     

    

 


Consorteum Holdings Inc.


 


 


 


 


 


 


 


 


 






    	 	20	 



     

    

 


 


Schedule 4.4- Reporting Requirements


 


Due
to severe capital constraints, the Company has been unable to prepare and file its required reports with the Securities and Exchange
Commission (the "SEC") under Section 13(a) of the Securities Exchange Act of 1934, as amended; specifically, it has
not filed the following required periodic reports with the SEC:


 


Annual
Report on Form 10-K for the fiscal year ended June 30, 2015


Quarterly Report on Form 10-Q for the fiscal quarter ended September
30, 2015


Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2015


Quarterly Report on Form 10-Q for the fiscal
quarter ended March 31, 2016


Annual
Report on Form 10-K for the fiscal year ended June 30, 2016


Quarterly Report on Form 10-Q for the fiscal quarter ended September
30, 2016


Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2016


Quarterly Report on Form 10-Q for the
fiscal quarter ended March 31, 2017


Annual
Report on Form 10-K for the fiscal year ended June 30, 2017 (not yet due)


 


The
Company has recently re-engaged independent certified public accountants to audit its financial statements for the fiscal years
ended June 30, 2015, June 30, 2016 and June 30, 2017 which it reported in a Current Report on Form 8-K and intends to file a Comprehensive
Annual Report on Form 10-K for the fiscal years ended June 30, 2015, June 30, 2016 and June 30, 2017 with the SEC before the due
date for the filing with the SEC of its Annual Report on Form 10-K for the fiscal year ended June 30, 2017 to bring the Company
current in its reporting requirements.


 


The Company is also non-reporting with the OTCQB.


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 






    	 	21	 



     

    

 





Schedule 4.9- Legal Proceedings


 


On
or about March 17, 2017, the State of Nevada Department of Employment, Training & Rehabilitation, Employment Security Division
obtained a judgment in the First Judicial District Court of the State of Nevada in and for Carson City against Bad Rabbit, Inc.,
a Nevada corporation and a subsidiary of the Company, in the amount of $64,674.05 together with interest thereon for delinquent
payroll taxes, penalties and interest. Such amount remains unpaid and continues to accrue interest.


 


The
Company has received periodic notices from the Internal Revenue Service relating to delinquent payroll taxes, penalties and interest
for payroll issues related to its Bad Rabbit subsidiary. The IRS has notified the Company that it will assess approximately $318,000
against Bad Rabbit together with additional interest and penalties which will be followed by collection efforts by the IRS.


 


On
or about May 24, 2016, a judgment was entered in the Ontario Superior Court of Justice (Court File No. CV-15-522603) on behalf
of Merchant MPowerTec Marketing Inc. ("MPower") against Consorteum Inc., a Canadian corporation and a long inactive
subsidiary of the Company, for the balance of a loan amounting to $143,500 owing to MPower along with payment of interest at a
rate of 18% being $145,638.74 to such date payable to MPower plus court costs of approximately $2,000.00. A personal guarantor
has paid approximately $60,000 of this judgment, while the balance remains unpaid by Consorteum Inc. and continues to accrue interest.


 


 


 


 


 


 


 


 


 


 


 


 


 








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EXHIBITS


 


 


 


 





	EXHIBIT A	Put Notice
	 	 
	EXHIBIT B	Closing Certificate
	 	 
	 	 



 


 


 


 


 


 


 


 


 


 


 


 


 


 






    	 	23	 



     

    

 


EXHIBIT A


 


FORM OF PUT NOTICE


 


TO:
OSCALETA PARTNERS LLC


 


I
refer to the Equity Purchase Agreement dated as of September 22, 2017 (the "Agreement") entered into by CONSORTEUM
HOLDINGS, INC. (the "Company") and you. Capitalized terms defined in the Agreement shall, unless otherwise defined,
have the same meaning when used herein.


 


On
behalf of the Company, I hereby:


 


		1.	Give you notice that the Company requires you to purchase
$____________ (the "Investment Amount") in Put Shares;





 


		2.	Determine the Floor Price for this Put, as defined in the
Agreement, to be $_______________; and





 


		3.	Certify that, as of the date hereof, to the best of my
knowledge, the conditions set forth in Section 7.2 of the Agreement are satisfied.



 


 


IN
WITNESS WHEREOF, the undersigned has hereunto affixed his hand on behalf of the Company as of the __ day of _________
201_.


 





	 	CONSORTEUM HOLDINGS, INC.
	 	 
	 	 
	 	By: ______________________
	 	Name: ____________________
	 	Title: _____________________
	 	 



 


 


 


 


 


 


 


 


 








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EXHIBIT
B


 


 


FORM OF


 


CERTIFICATE OF
THE CHIEF EXECUTIVE OFFICER


 


OF


 


CONSORTEUM HOLDINGS, INC.


 


Pursuant
to Section 7.2(m) of that certain Equity Purchase Agreement dated as of September 22, 2017 (the "Agreement") by and
between the Company and Oscaleta Partners LLC (the "Investor"), the undersigned, Craig A. Fielding, in his capacity
as the Chief Executive Officer of CONSORTEUM HOLDINGS, INC. (the "Company"), and not in his individual capacity,
hereby certifies, as of the date hereof (such date, the "Condition Satisfaction Date"), the following:


 


1.                 
The representations and warranties of the Company set forth in Article IV of the Agreement are true and correct in all
material respects as of the Condition Satisfaction Date as though made on the Condition Satisfaction Date (except for representations
and warranties specifically made as of a particular date) with respect to all periods, and as to all events and circumstances
occurring or existing to and including the Condition Satisfaction Date, except for any conditions which have temporarily caused
any representations or warranties of the Company set forth in the Agreement to be incorrect and which have been corrected with
no continuing impairment to the Company or Investor; and


 


2.                 
All of the Company's conditions to Closing set forth in Section 7.2 of the Agreement have been satisfied as of the Condition
Satisfaction Date.


 


Capitalized
terms used herein shall have the meanings set forth in the Agreement unless otherwise defined herein.


 


IN
WITNESS WHEREOF, the undersigned has hereunto affixed his hand on behalf of the Company as of the __ day of _________ 201_.


 


 


 





	 	By: /s/ Craig A. Fielding                                   
	 	Craig A. Fielding, Chief Executive Officer
	 	 
	 	 
	 	 



 


 


 


 


 






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