Exhibit 4.8

  

  

  Note: September 29, 2020

  

  

  NEITHER THESE SECURITIES NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED WITH THE UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), 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.

  

  

  THIS NOTE DOES NOT REQUIRE PHYSICAL SURRENDER OF THE NOTE IN THE EVENT OF A PARTIAL REDEMPTION OR CONVERSION. AS A RESULT, FOLLOWING ANY
    REDEMPTION OR CONVERSION OF ANY PORTION OF THIS NOTE, THE OUTSTANDING PRINCIPAL SUM REPRESENTED BY THIS NOTE MAY BE LESS THAN THE PRINCIPAL SUM AND ACCRUED INTEREST SET FORTH BELOW.

  

  

  UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE JANUARY 28, 2021 (OR MARCH 30, 2021 UNDER U.S.
    LAW, AS APPLICABLE).

  

  

  5% FIXED CONVERTIBLE PROMISSORY NOTE

  

  

  OF

  

  

  PARCELPAL TECHNOLOGY, INC.

  

  

  Issuance Date: September 29, 2020 Total Face Value of Note: $525,000 Aggregate Consideration: $500,000 (payable in tranches as set forth below)

  Original Issue Discount: 5%

  

  

  THIS NOTE is a duly authorized Fixed Convertible Promissory Note of ParcelPal Technology, Inc. a corporation duly incorporated under the laws of the Province
    of British Columbia (the “Company”), designated as the Company’s 5% Fixed Convertible Promissory Note in the principal amount of $525,000 (the “Note”). This Note will
    become effective only upon execution by both parties and delivery of the payment of the Initial Consideration by the Holder (the “Effective Date”). All references to “dollars” or “$” or “US$” in this Note are
    United States-dollar denominated references.

  
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  FOR VALUE RECEIVED, the Company hereby promises to pay to the order of Tangiers Global, LLC or its registered
    assigns or successors-in-interest (the “Holder”) the principal sum of $525,000 (the “Total
      Face Value of Note”) or such lesser amount of aggregate Consideration, defined below, plus the applicable OID thereon (as provided herein) drawn by the
    Company hereunder and to pay “guaranteed” interest at a rate of 5% of the Principal Sum (as defined below), to the extent such Principal Sum and “guaranteed” interest and any other interest, fees, liquidated damages and/or items due to Holder herein
    have not been repaid or converted into the Company’s common shares (the “Common Shares”), in accordance with the terms hereof. The sum of $150,000 (the “Initial Consideration”) shall be remitted and delivered to the Company, and $7,500 (the “Initial
      Original Issue Discount”) shall be retained by the Holder through an original issue discount (the “OID”) for due diligence and legal bills related to this
    transaction.

  The OID is set at 5% of any Consideration, defined below, paid. The Company covenants that within six (6) months of the Effective Date of the Note, it shall utilize
    approximately $500,000 of the proceeds in the manner set forth on Schedule 1, attached hereto (the “Use of Proceeds”), and shall promptly provide evidence thereof to Holder, in sufficient detail as reasonably
    requested by Holder.

  

  

  The Holder agrees to pay additional consideration (each, a “Consideration”), plus the prorated 5% OID (each
    Consideration and its respective 5% OID shall together be referred to as a “Tranche”), to the Company in the two additional tranches within thirty (30) and sixty (60)
    days, respectively, following the payment of the Initial Consideration, each such Additional Tranche in the amount of $175,000 (each such payment by the Holder following the Initial Consideration, and its respective 5% OID, shall together be referred
    to as an “Additional Tranche”). Such Additional Tranches are subject to the Company having provided satisfactory supplemental due diligence to the Holder, if and as
    requested, prior to the payment of each Additional Tranche, and if mutually agreed, in such other amounts and on such other dates as may be agreed upon (each, an “Additional
      Tranche Date”). The Principal Sum due to Holder shall be prorated based on the Consideration actually paid by Holder, plus the 5% OID, such that the Company is only required to repay the amount funded and the Company is not required to repay
    any unfunded portion of this Note. The Maturity Date is six (6) months from the Effective Date of each of the Initial Consideration date and each of such Additional Tranche Date (each a respective “Maturity Date”) and is the date upon which the Principal Amount of this Note, as well as any unpaid interest and other fees, shall be due and payable.

  

  

  In addition to the “guaranteed” interest referenced above, in the Event of Default pursuant to Section 3.00(a), additional interest will accrue from the date
    of the Event of Default at the rate equal to the lower of 20% per annum or the highest rate permitted by law (the “Default Rate”).

  

  

  This Note will become effective only upon the execution by both parties, including the execution of Exhibits B, C, D, E, Schedule 1 (collectively, the “Exhibits”), and the Treasury Order by the Company to its Transfer Agent (the “Date of Execution”) and delivery of the payment of Consideration by the Holder (the “Effective Date”). The Company acknowledges and agrees the Exhibits are material provisions of this Note.

  

  

  As an investment incentive, the Company shall issue to the Holder 150,000 Common Shares (the “Initial Origination
      Shares”). The Company acknowledges, understands, and agrees it shall issue an additional 175,000 Common Shares for each Consideration paid to the Company by Holder under the Note (each, an “Additional Origination Share Tranche”, and, together with the Initial Origination Shares, the “Origination Shares”).

  
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  Both the Initial Origination Shares and each Additional Origination Share Tranche shall be issued and delivered to Holder within 3 Trading Days from the Effective Date of each
    of the Initial Consideration date and each of the Additional Tranche Date (which delivery shall be satisfied by electronic recordation of the issuance of such shares by the Company’s transfer agent). The Company and Holder acknowledge and agree that if
    the entirety of the Note is funded, the Company shall have issued to the Holder 500,000 Common Shares, which is the maximum number of Origination Shares the Company shall be required to issue and deliver to Holder.

  

  

  For purposes hereof the following terms shall have the meanings ascribed to them below:

  

  

  “Business Day” shall mean any
      day other than a Saturday, Sunday or a day on which commercial banks in the City of New York are authorized or required by law or executive order to remain closed.

  

  

  “Fixed Conversion Price” shall
      be fixed at a price per share equal to $. USD.

   

    

  “Principal Sum” shall refer to the sum of each Tranche funded under the Note. “Principal Amount” shall refer to the sum of (i) the original principal amount of this Note (including the original issue discount), (ii) all guaranteed
    and other accrued but unpaid interest hereunder, (iii) any fees due hereunder, liquidated damages, and (v) any default payments owing under the Note, in each case previously paid or added to the Principal Amount.

  

  

  “Principal Market” shall refer to the primary exchange on which the Company’s common shares are
    traded or quoted.

  

  

  “Trading Day” shall mean a day
      on which there is trading or quoting for any security on the Principal Market.

  

  

  “Underlying Shares” means the
      Common Shares into which the Note is convertible (including interest, fees, liquidated damages and/or principal payments in Common Shares as set forth herein) in accordance with the terms hereof.

  

  

  The following terms and conditions shall apply to this Note:

  

  

  
    	
            Section 1.00

          	
            Repayment.

          


  

  

  

  (a)          

  The Company may pay this Note, in whole or in part, in cash or in other good funds, according to the following schedule:

  

  

  	
          Days Since Effective Date

        	
          Payment Amount

        
	
          Under 30

        	
          110% of Principal Amount so paid

        
	
          31-60

        	
          115% of Principal Amount so paid

        
	
          61-90

        	
          120% of Principal Amount so paid

        


  	
          91-180

        	
          133% of Principal Amount so paid

        


  
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  (b)          

  After 180 days from the Effective Date, the Company may not pay this Note, in whole or in part, in cash or in other good funds, without
      prior written consent from Holder, which consent may be withheld, delayed, denied, or conditioned in Holder’s sole and absolute discretion. Whenever any amount expressed to be due by the terms of this Note is due on any day that is not a Business
      Day, the same shall instead be due on the next succeeding day that is a Business Day. Upon the occurrence of an Event of Default, the Company may not pay the Note, in whole or in part, in cash or in other good funds without written consent of the
      Holder, which consent may be withheld, delayed, denied, or conditioned in Holder’s sole and absolute discretion. Further, the Company shall provide the Holder with two weeks’ prior written notice of the Company’s determination to pay any or all of
      its obligations hereunder. During such two-week period, the Holder may exercise any or all of its conversion rights hereunder. In the event that the Holder does not exercise its conversion rights in respect of any or all of such noticed, prospective
      payment, the Company shall tender the full amount set forth in such notice (less any amount in respect of which the Holder has exercised its conversion rights) to the Holder within 2 Business Days following the Holder’s exercise (or notification to
      the Company of non-exercise) of the Holder’s conversion rights in respect of the amount set forth in such notice. Any such payment by the Company in connection with this provision shall be deemed to have been made on the date that the Holder first
      receives the above-referenced notice.

  

  

  
    	
            Section 2.00

          	
            Conversion.

          


  

  

  

  (a)          

  Conversion Right. Subject to the terms hereof and restrictions and limitations contained herein, the Holder shall have the right, at
      the Holder’s sole option, at any time and from time to time to convert in whole or in part the outstanding and unpaid Principal Amount under this Note into Common Shares as per the Fixed Conversion Price (or the Conversion Price in the event that the
      Note is not repaid, retired or fully-converted prior to the Maturity Date, as set forth in Section 3.00(c)), but not to exceed the Restricted Ownership Percentage, as defined in Section 2.00(f). The date of any conversion notice (“Conversion Notice”) hereunder shall be referred to herein as the “Conversion Date”.

  

  

   (b)          

  Stock Certificates; Electronic Delivery. The Company will deliver to the Holder, or Holder’s authorized designee, no later than 3
      Trading Days after the Conversion Date, a certificate or certificates (which certificate(s) shall be free of restrictive legends and trading restrictions if the Common Shares underlying the portion of the Note being converted are eligible under a
      resale exemption pursuant to Rule 144(b)(1)(ii), Rule 144(d)(1)(ii), Rule 904 of Regulation S or such other available registration exemption of the Securities Act of 1933, as amended) representing the number of Common Shares being acquired upon the
      conversion of this Note. In lieu of delivering physical certificates representing the Common Shares issuable upon conversion of this Note, providing that the conversion shares are eligible to be issued free of restrictive legend, and provided the
      Company’s transfer agent is participating in Depository Trust Company’s (“DTC”) Fast Automated Securities Transfer (“FAST”) program, the Company shall instead use
      commercially reasonable efforts to cause its transfer agent to electronically transmit such shares issuable upon conversion to the Holder (or its designee), by crediting the account of the Holder’s (or such designee’s) broker with DTC through either
      its Direct Registration System (“DRS”) or Deposits and Withdrawal at Custodian (“DWAC”)
    program (provided that the same time periods herein as for stock certificates shall apply).

  
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  (c)          

  Charges and Expenses. Issuance of Common Shares to the Holder, or any of its assignees, upon the conversion of this Note shall be
      made without charge to the Holder for any issuance fee, transfer tax, legal opinion and related charges, postage/mailing charge or any other expense with respect to the issuance of such Common Shares. Company shall pay all transfer agent fees
      incurred from the issuance of the Common Shares to Holder, as well as and all other fees and charges required by the transfer agent as a condition to effectuate such issuance. Any such fees or charges, as noted in this Section that are paid by the
      Holder (whether from the Company’s delays, outright refusal to pay, or otherwise), will be automatically added to the Principal Sum of the Note then outstanding and tack back to the Effective Date for purposes of Rule 144 or Regulation S, as
      applicable.

  

  

  (d)          

  Delivery Timeline. If the Company fails to deliver to the Holder such certificate or certificates (or shares through the DRS or DWAC
      program) pursuant to this Section (free of any restrictions on transfer or legends, if eligible) prior to 3 Trading Days after the Conversion Date, the Company shall pay to the Holder as liquidated damages an amount equal to $2,000 per day,
    until such certificate or certificates are delivered. The Company acknowledges that it would be extremely difficult or impracticable to determine the Holder’s actual damages and costs resulting from a failure to deliver the Common Shares and the
    inclusion herein of any such additional amounts are the agreed upon liquidated damages representing a reasonable estimate of those damages and costs. Such liquidated damages will be automatically added to the Principal Sum of the Note and tack back to
    the Effective Date for purposes of Rule 144 or such available exemption from registration.

  

  

  (e)          

  Reservation of Underlying Securities. The Company covenants that it will at all times reserve and keep available for Holder, out of
      its authorized and unissued Common Shares solely for the purpose of issuance upon conversion of this Note, free from preemptive rights or any other actual contingent purchase rights of persons other than the Holder, two and one-half (2.5x) times the
      number of Common Shares as shall be issuable (taking into account the adjustments under this Section 2.00, but without regard to any ownership limitations contained herein) upon the conversion of this Note (consisting of the Principal Amount), under
      the formula in Section 3.00(c) below, to Common Shares (the “Required Reserve”). The Company covenants that all Common Shares that shall be issuable will, upon issue, be duly authorized, validly issued,
      fully-paid, non-assessable and freely-tradable (if eligible). If the amount of shares on reserve in Holder’s name at the Company’s transfer agent for this Note shall drop below the Required Reserve, the Company will, within 2 Trading Days of
      notification from Holder, instruct the transfer agent to increase the number of shares so that the Required Reserve is met. In the event that the Company does not instruct the transfer agent to increase the number of shares so that the Required
      Reserve is met, the Holder will be allowed, if applicable, to provide this instruction as per the terms of the Treasury Order attached to this Note. Upon an Event of Default that is not cured within the applicable cure period, the Required Reserve
      shall immediately increase to 3.5x times the number of Common Shares as shall be issuable upon conversion of the then outstanding Principal Amount of the Note, under the formula set forth in Section 3.00(c), to Common Shares (the “Adjusted Required Reserve”). The Company agrees that the maintenance of the Required Reserve and Adjusted Required Reserve is a material term of this Note and any breach of this Section 2.00(e) will result in a
      default of the Note.

  
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  (f)          

  Conversion Limitation. The Holder will not submit a conversion to the Company that would result in the Holder beneficially owning
      more than 9.99% of the then total outstanding shares of the Company (“Restricted Ownership Percentage”).

  

  

  (g)          

  Conversion Delays. If the Company fails to deliver shares in accordance with the timeframe stated in Section 2.00(c), the Holder, at
      any time prior to selling all of those shares, may rescind any portion, in whole or in part, of that particular conversion attributable to the unsold shares. The rescinded conversion amount will be returned to the Principal Sum then outstanding with
      the rescinded conversion shares returned to the Company, under the expectation that any returned conversion amounts will tack back to the Effective Date.

  

  

  (h)          

  Shorting and Hedging. Holder may not engage in any “shorting” or “hedging” transaction(s) in the Common Shares of the Company prior
      to conversion or at any time while any portion of the Principal Sum remains outstanding.

  

  

  (i)          

  Conversion Right Unconditional. If the Holder shall provide a Conversion Notice as provided herein, the Company’s obligations to
      deliver Common Shares shall be absolute and unconditional, irrespective of any claim of setoff, counterclaim, recoupment, or alleged breach by the Holder of any obligation to the Company, subject to any court order by a court of competent
      jurisdiction.

  

  

  
    	
            Section 3.00

          	
            Defaults and Remedies.

          


  

  

  

  (a)         

  Events of Default. An “Event of Default” is: (i) a default in payment of any amount due
      hereunder; (ii) a default in the timely issuance of underlying shares upon and in accordance with terms of Section 2.00, which default continues for 2 Trading Days after the Company has failed to issue shares or deliver stock certificates within the
      3rd Trading Day following the Conversion Date; (iii) if the Company does not issue the press release or file such necessary 8-K, material change report or other applicable report with either EDGAR or SEDAR, as applicable, in each case in accordance
      with the provisions and the deadlines referenced Section 5.00(i); (iv) failure by the Company for 3 Trading Days after notice has been received by the Company to comply with any material provision of this Note; (v) any representation or warranty of
      the Company in this Note that is found to have been incorrect in any material respect when made, including, without limitation, the Exhibits; (vi) failure of the Company to remain compliant with DTC, thus incurring a “chilled” status with DTC; (vii)
      any default of any mortgage, indenture or material instrument which may be issued, or by which there may be secured or evidenced any material indebtedness, for money borrowed by the Company or for money borrowed the repayment of which is guaranteed
      by the Company, whether such indebtedness or guarantee now exists or shall be created hereafter; (viii) if the Company is subject to any Bankruptcy Event; (ix) any material failure of the Company to satisfy (from and after the Effective Date) its
      continuous disclosure obligations pursuant to the requirements of the Securities Act (British Columbia) or, when applicable, the Securities Exchange Act of 1934, as amended (the “1934 Act”) and the rules and
      guidelines issued by OTC Markets News Service, OTCMarkets.com and their affiliates, in each case if and as applicable; (x) failure of the Company to remain in good standing under the laws of its state of domicile; (xi) any failure of the Company to
      provide the Holder with information related to its corporate structure including, but not limited to, the number of authorized and outstanding shares, public float, etc. within 1 Trading Day of request by Holder; (xii) failure by the Company to
      maintain the Required Reserve or Adjusted Required Reserve in accordance with the terms of Section 2.00(e); (xiii) failure of Company’s Common Shares to maintain a closing bid price in its Principal Market for more than 5 consecutive Trading
    Days; (xiv) any delisting from a Principal Market for any reason; (xv) failure by Company to pay any of its transfer agent fees in excess of $2,000 or to maintain a transfer agent of record; (xvi) failure by Company to notify Holder of a change in
    transfer agent within 24 hours of such change; (xvii) any trading suspension imposed by the B.C. Securities Commission (the “BCSC”), or when applicable to the Company,
    the United States Securities and Exchange Commission (the “SEC”) under Sections 12(j) or 12(k) of the 1934 Act; (xviii) failure by the Company to meet the requirements
    necessary to satisfy the availability of either Rule 904 of Regulation S, Rule 144A or Rule 144, as applicable, to the Holder or its assigns, including but not limited to the timely fulfillment of its filing requirements as a fully- reporting issuer
    registered with the BCSC or the SEC (when applicable), requirements for XBRL filings (if applicable), and requirements for disclosure of financial statements on its website (if applicable); (xix) failure of the Company to abide by the Use of Proceeds
    or failure of the Company to inform the Holder of a change in the Use of Proceeds; or (xx) failure of the Company to abide by the terms of the right of first refusal contained in Section 5.00(j).

  
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  (b)          

  Remedies. If an Event of Default occurs, and remains uncured within the applicable cure period, then the outstanding Principal Amount
      of this Note then outstanding and owing in respect thereof through the date of acceleration, shall become, at the Holder’s election, immediately due and payable in cash at the “Mandatory Default Amount”. The
      Mandatory Default Amount means 43% of the outstanding Principal Amount of this Note will be automatically added to the Principal Sum of the Note and tack back to the Effective Date for purposes of Rule 904 of Regulation S, Rule 144 or Rule 144A, as
      applicable. Commencing 5 days after the occurrence of any Event of Default that results in the eventual acceleration of this Note, this Note shall accrue additional interest, in addition to the Note’s “guaranteed” interest, at a rate equal to the
      lesser of 20% per annum or the maximum rate permitted under applicable law. In connection with such acceleration described herein, the Holder need not provide, and the Issuer hereby waives, any presentment, demand, protest or other notice of any
      kind, 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
      the 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 3.00(b). No such rescission or annulment shall affect
      any subsequent event of default or impair any right consequent thereon. Nothing herein shall limit the Holder’s right to pursue any other remedies available to it at law or in equity including, without limitation, a decree of specific performance
      and/or injunctive relief with respect to the Issuer’s failure to timely deliver certificates representing shares of Common Shares upon conversion of the Note as required pursuant to the terms hereof.

  

  

  (c)          

  Variable Conversion Price. If the Note is not retired on or before the Maturity Date, then at any time and from time to time after
      the Maturity Date, and subject to the terms hereof and restrictions and limitations contained herein, the Holder shall have the right, at the Holder’s sole option, to convert in whole or in part the outstanding and unpaid Principal Amount under this
      Note into Common Shares at the Variable Conversion Price. The “Variable Conversion Price” (together with the Fixed Conversion
      Price, the “Conversion Price”) shall be equal to the lower of: (a) the Fixed Conversion Price or (b) 75% of the average of the two lowest volume weighted average price of the Company’s Common Shares during the
      15 consecutive Trading Days prior to the date on which Holder elects to convert all or part of the Note. For the purpose of calculating the Variable Conversion Price only, any time after 4:00 pm Eastern Time (the closing time of the Principal
    Market) shall be considered to be the beginning of the next Business Day. If the Company is placed on “chilled” status with the DTC, the discount under this Section 3.00(c) shall be increased by 10%, i.e., from 25% to 35%, until such chill is remedied. If the Company is not DRS or DWAC eligible through their
    transfer agent and DTC’s FAST system, the discount under this Section 3.00(c) will be increased by 5%, i.e., from 25% to 30%. In the case of both, the discount under this Section 3.00(c) shall be a cumulative increase of 15%, i.e., from 25% to 40%; provided, however, that any such adjustment to the Fixed Conversion Price contemplated in this Section 3.00(c) is subject to compliance with
    applicable Canadian securities laws and the policies and rules of the Canadian Securities Exchange or such other stock exchange on which the securities of the Company are principally traded.

  
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            Section 4.00

          	
            Representations and Warranties of Holder.

          


  

  

  

  Holder hereby represents and warrants to the Company that:

  

  

  (a)          

  Holder is an “accredited investor,” as such term is defined in Regulation D of the Securities Act of 1933, as amended (the “1933 Act”) and as such term is defined in National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), and will acquire this Note and the Underlying Shares
      (collectively, the “Securities”) for its own account and not with a view to a sale or distribution thereof as that term is used in Section 2(a)(11) of the 1933 Act, in a manner which would require registration
      under the 1933 Act or any state securities laws. Holder has such knowledge and experience in financial and business matters that such Holder is capable of evaluating the merits and risks of the Securities. Holder can bear the economic risk of the
      Securities, has knowledge and experience in financial business matters and is capable of bearing and managing the risk of investment in the Securities. Holder recognizes that the Securities have not been registered under the 1933 Act, nor under the
      securities laws of any state and, therefore, cannot be resold unless the resale of the Securities is registered under the 1933 Act or unless an exemption from registration is available. Holder has carefully considered and has, to the extent Holder
      believes such discussion necessary, discussed with its professional, legal, tax and financial advisors, the suitability of an investment in the Securities for its particular tax and financial situation and its advisers, if such advisors were deemed
      necessary, and has determined that the Securities are a suitable investment for it. Holder has not been offered the Securities by any form of general solicitation or advertising, including, but not limited to, advertisements, articles, notices or
      other communications published in any newspaper, magazine, or other similar media or television or radio broadcast or any seminar or meeting where, to Holders’ knowledge, those individuals that have attended have been invited by any such or similar
      means of general solicitation or advertising. Holder has had an opportunity to ask questions of and receive satisfactory answers from the Company, or any person or persons acting on behalf of the Company, concerning the terms and conditions of the
      Securities and the Company, and all such questions have been answered to the full satisfaction of Holder. The Company has not supplied Holder any information regarding the Securities or an investment in the Securities other than as contained in this
      Agreement, and Holder is relying on its own investigation and evaluation of the Company and the Securities, including any public information which has been filed by the Company with any Canadian provincial securities commissions (the “Public Record”), and not on any other information and is aware that an investment in the Company is speculative and involves certain risks (including those risks disclosed in the Public Record). Holder agrees and
      acknowledges that in order for the Note or the underlying conversion shares to be resold, transferred, offered or pledged, there must be an available exemption from registration and, therefore, Holder covenants that it shall provide any
    certificates, documents and opinions as needed to avail itself of such applicable registration exemption and legend removal.

  

  

  (b)          

  The Holder is a limited liability company duly organized, validly existing and in good standing under the laws of the state of its
      incorporation and has all requisite corporate power and authority to carry on its business as now conducted. The Holder is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify would have
      a material adverse effect on its business or properties.

  

  

  (c)          

  All limited liability company action has been taken on the part of the Holder, its officers, directors, managers and members necessary for
      the authorization, execution and delivery of this Note. The Holder has taken all limited liability company action required to make all of the obligations of the Holder reflected in the provisions of this Note, valid and enforceable obligations.

  
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  (d)          

  The Note has an acquisition cost to the Holder of not less than $150,000, payable in cash at the closing (with an additional $175,000 USD to
      be funded on each of thirty (30) and sixty (60) days post the Effective Date). The Holder is: (i) purchasing the
      Securities as principal for its own account and not for the benefit of any other person; and (ii) was not created and is not being used solely to purchase or hold securities in reliance on the prospectus exemption provided under Section 2.10 (Minimum
      Amount Investment) of NI 45-106; and (iii) it pre-existed the offering of the Note and has a bona fide purpose other than investment in the Securities.

  

  

  (e)          

  Each certificate or instrument representing Securities will be endorsed with the following legend (or a substantially similar legend),
      unless or until registered under the 1933 Act or exempt from registration:

  

  

  THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “U.S. SECURITIES ACT”), OR ANY STATE SECURITIES LAWS, AND MAY
    BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) TO PARCELPAL TECHNOLOGY INC. (THE “CORPORATION”) (B) OUTSIDE THE UNITED STATES IN COMPLIANCE WITH REGULATION S UNDER THE U.S. SECURITIES ACT AND IN COMPLIANCE WITH LOCAL LAWS AND REGULATIONS,
    (C) IN ACCORDANCE WITH (1) RULE 144A UNDER THE U.S. SECURITIES ACT, OR (2) RULE 144 UNDER THE U.S. SECURITIES ACT AND, IN EACH
      CASE, IN COMPLIANCE WITH APPLICABLE STATE SECURITIES LAWS, OR (D) IN ANOTHER TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER THE U.S. SECURITIES ACT OR ANY APPLICABLE STATE SECURITIES LAWS, PROVIDED THAT IN THE CASE OF TRANSFERS PURSUANT TO
      (C)(2) OR (D) ABOVE, A LEGAL OPINION SATISFACTORY TO THE CORPORATION MUST FIRST BE PROVIDED TO COMPUTERSHARE TRUST COMPANY OF CANADA TO THE EFFECT THAT SUCH TRANSFER IS EXEMPT FROM REGISTRATION UNDER THE U.S. SECURITIES ACT AND APPLICABLE STATE
      SECURITIES LAWS. DELIVERY OF THIS CERTIFICATE MAY NOT CONSTITUTE “GOOD DELIVERY” IN SETTLEMENT OF TRANSACTIONS ON STOCK
      EXCHANGES IN CANADA.

  

  

  (Canadian Restrictive Legend (if issued on or before JANUARY 28, 2021)

  

  

  UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE JANUARY 28, 2021.

  

  

  

  

  
    	
            Section 5.00

          	
            General.

          


  

   

    

  (a)          

  Payment of Expenses. The Company agrees to pay all reasonable charges and expenses, including attorneys’ fees and expenses, which may
      be incurred by the Holder in successfully enforcing this Note and/or collecting any amount due under this Note.

  

  

  (b)          

  Assignment, Etc. The Holder may assign or transfer this Note to any transferee at its sole discretion, provided, however, that the
      terms and conditions of this Note shall not be changed, modified or amended without the Company’s prior written consent. This Note shall be binding upon the Company and its successors and shall inure to the benefit of the Holder and its successors
      and permitted assigns, as well as to the Company.

  

  

  (c)          

  Amendments. This Note may not be modified or amended, or any of the provisions of this Note waived, except by written agreement of
      the Company and the Holder.

  
    9

    
      


  

  (d)          

  Funding Window. The Company agrees that it will not enter into a convertible debt financing transaction, including 3(a)9 and 3(a)10
      transactions, with any party other than the Holder for a period of 90 Trading Days following the Effective Date, and each Additional Tranche Date, as applicable. The Company agrees that this is a material term of this Note and any breach of this
      Section 5.00(d) will result in a default of the Note.

  

  

  (e)          

  Terms of Future Financings. So long as this Note is outstanding, upon any issuance by the Company or any of its subsidiaries of any
      convertible debt security (whether such debt begins with a convertible feature or such feature is added at a later date) with any term more favorable to the holder of such security or with a term in favor of the holder of such security that was not
      similarly provided to the Holder in this Note, then the Company shall notify the Holder of such additional or more favorable term and such term, at the Holder’s option, shall become a part of this Note and its supporting documentation, subject to
      compliance with applicable securities laws and the rules and policies of the Canadian Securities Exchange or such other stock exchange on which the securities of the Company are principally listed. The types of terms contained in the other
      convertible debt security that may be more favorable to the holder of such security include, but are not limited to, terms addressing conversion discounts, terms addressing maturity, conversion look back periods, interest rates, original issue
      discount percentages and warrant coverage.

  

  

  (f)          

  Governing Law; Jurisdiction.

  

  

  (i)          

  Governing Law. This Note will be governed by, and construed and interpreted in accordance
      with, the laws of the state of California without regard to any conflicts of laws or provisions thereof that would otherwise require the application of the law of any other jurisdiction.

  

  

  (ii)          

  Jurisdiction and Venue. Any dispute, claim, suit, action or other legal proceeding arising
      out of or relating to this Note or the rights and obligations of each of the parties shall be brought only in the state courts of California or in the federal courts of the United States of America located in San Diego County, California.

  

  

  (iii)          

  No Jury Trial. The Company hereto knowingly and voluntarily waives any and all rights it may
      have to a trial by jury with respect to any litigation based on, or arising out of, under, or in connection with, this Note.

  

  

  (iv)          

  Delivery of Process by the Holder to the Company. In the event of an action or
    proceeding by either party hereto against the other party hereto, service of copies of summons and/or complaint and/or any other process that may be served in any such action or proceeding may be made by such party via U.S. Mail, overnight delivery
    service such as FedEx or UPS, email, fax, or process server, or by mailing or otherwise delivering a copy of such process to the Holder at its principal business address or to the Company at its last known attorney as set forth in its most recent SEDAR
    or SEC filing, as the case may be.

  

  

  (v)          

  Notices. Any notice required or permitted hereunder (including Conversion Notices) must be in
      writing and either personally served, sent by facsimile or email transmission, or sent by overnight courier. Notices will be deemed effectively delivered at the time of transmission if by facsimile or email, and if by overnight courier the business
      day after such notice is deposited with the courier service for delivery.

  

  

  (g)          

  No Bad Actor. No current officer or director of the Company would be disqualified under Rule 506(d) of the Securities Act of 1933, as
      amended, on the basis of being a “bad actor” as that term is established in the September 13, 2013 Small Entity Compliance Guide published by the SEC.

  
    10

    
      


  

  (h)          

  Usury. If it shall be found that any interest or other amount deemed interest due hereunder violates any 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 will not seek to claim
      or take advantage of any law that would prohibit or forgive the Company from paying all or a portion of the principal, fees, liquidated damages or interest on this Note.

  

  

  (i)          

  Securities Laws Disclosure; Publicity. The Company shall (a) by 9:30 a.m. Eastern Time on the Trading Day immediately
    following the Date of Execution, issue a press release disclosing the material terms of the transactions contemplated hereby, and (b) file such news release on SEDAR, including a copy of this Note as an exhibit thereto if required under applicable
    Canadian securities laws, within the applicable time required under applicable Canadian securities laws. From and after the filing of such press release, the Company represents to the Holder that it shall have publicly disclosed all material,
    non-public information delivered to the Holder by the Company, or any of its officers, directors, employees, or agents in connection with the transactions contemplated by this Note. The Company and the Holder shall consult with each other in issuing
    any other press releases with respect to the transactions contemplated hereby, and neither the Company nor the Holder shall issue any such press release nor otherwise make any such public statement without the prior consent of the Company, with respect
    to any press release of the Holder, or without the prior consent of the Holder, with respect to any press release of the Company, none of which consents shall be unreasonably withheld, delayed, denied, or conditioned except if such disclosure is
    required by law or the applicable rules of the Company’s Principal Market, in which case the disclosing party shall promptly provide the other party with prior notice of such public statement or communication. The Holder agrees and acknowledges that
    the Company is and shall be subject to certain public company disclosure requirements imposed on the Company by law and/or Principal Market regulations, which shall require disclosure of the terms of this Note, the names of parties to it and certain
    other information related hereto , and such required disclosure by the Company shall, in no circumstance, be deemed or considered a default under or breach of this Note.

  

  

  (j)          

  Right of First Refusal. From and after the date of this Note and at all times hereafter while the Note is outstanding, the
    Parties agree that, in the event that the Company receives any written or oral proposal (the “Proposal”) containing one or more offers to provide additional capital or
    equity or debt financing (the “Financing Amount”), and if the Company’s executive management and its board of directors either accept such Proposal or determine to
    negotiate such Proposal in contemplation of acceptance, then the Company agrees that it shall provide a copy of such written Proposal to the Holder and all amendments, revisions, and supplements thereto (the “Proposal Documents”) no later than 3 business days from the receipt and contemplated acceptance by the Board of the Proposal Documents. Following receipt of the Proposal Documents from the Company, the
    Holder shall have the right (the “Right of First Refusal”), but not the obligation, for a period of 5 business days thereafter (the “Exercise Period”), to invest, at similar or better terms to the Company, an amount equal to or greater than the Financing Amount, upon written notice to the Company that the Holder is exercising the
    Right of First Refusal provided hereby. In furtherance of the Right of First Refusal, the Company agrees that it will cooperate and assist the Holder in conducting a due diligence investigation of the Company and its corporate and financial affairs and
    promptly provide the Holder with information and documents that the Holder may reasonably request so as to allow the Holder to make an informed investment decision. However, the Company and the Holder agree that the Holder shall have no more than 5
    business days from and after the expiration of the Exercise Period to exercise its Right of First Refusal hereunder and to provide a written counteroffer to the Company on the same or better terms. This Right of First Refusal shall extend to all
    purchases of debt held by, or assigned to or from, current stockholders, vendors, or creditors, all transactions, including, if applicable, under Sections 3(a)9 and/or 3(a)10 or the Securities Act of 1933, as amended, and all equity line-of-credit
    transactions, provided, however, the Right of First Refusal set forth herein shall not apply to any loans to the Company or purchases of securities by any directors of the
    Company, financing(s) by the Company involving a United States IPO transaction, syndicated, underwritten or best efforts registered transaction, including, but not limited to, a financing transaction to qualify for a listing on the Nasdaq Capital
    Market or OTC QB or QX markets; provided, however, the Holder shall have the option, but not the obligation, to participate in such transaction(s) by the Company while the Note remains outstanding. Other than for exempted issuances described herein, in
    the event that the Company does enter into, or makes any issuance of Common Shares related to a 3(a)(9) Transaction or a 3(a)(10) Transaction while this note is outstanding, without giving Right of First Refusal to the Holder, a liquidated damages
    charge of 25% of the outstanding principal balance of this Note, but not less than $25,000 (if permissible in compliance with applicable law), will be assessed and will become immediately due and payable to the Holder at its election in the form of
    cash payment or addition to the balance of this Note. Such liquidated damages will be automatically added to the Principal Sum of the Note and tack back to the Effective Date for purposes of Rule 144A or Rule 144, as applicable.

   

  

  
     

    

    [Signature Page to Follow.]

    
      11

      
        


    

    
      IN WITNESS WHEREOF, the Company has caused this Fixed Convertible Promissory Note to be duly executed on the day and in the year
          first above written.

       

        

    

  

  	
           

        	
          PARCELPAL TECHNOLOGY, INC.

        
	
           

        	
           

        	
           

        
	
           

        	By:

        	/s/ Rich Wheeless

        
	 	 	 
	
           

        	Name:

        	Rich Wheeless

        
	 	 	 
	
           

        	
          Title:

        	Chief Executive Officer 

        
	 	 	 
	
           

        	Email:

        	rich.wheeless@parcelpal.com

        
	 	 	 
	 	Address:

        	
          190 Alexander St., Suite 305 

          Vancouver, BC V6A 2S5

          

        


   

  

   This Fixed Convertible Promissory Note of September 29, 2020 is accepted this 29th day of June 2020 by

  

   

  

   TANGIERS GLOBAL, LLC

  

   

    

   
    	By:

          	/s/ Michael Sobeck

          	 
	
             

          	
            Name:

          	Michael Sobeck

          	 
	
             

          	Title:

          	Managing Member

          	 


  

   

  

   

  

  12