GLOBAL
GUARANTY AGREEMENT


 


This
GLOBAL GUARANTY AGREEMENT (the “Guaranty”) is made as of October ___, 2019, by and among SOLIS TEK
INC. (“S-Tek”), a California corporation, SOLIS TEK EAST CORPORATION (“S-East”),
a New Jersey corporation, ZELDA HORTICULTURE, INC. (“Zelda”), a California corporation and GROW PRO
SOLUTIONS, INC., a Nevada Corporation (“Grow Pro”) (S-Tek, S-East, Zelda and Grow Pro are collectively
referred to as the “Guarantors”), in favor of YAII PN, LTD. (the “Investor”) with
respect to all obligations of GENERATION ALPHA, INC. (the “Company”), a Nevada corporation, owes to
the Investor. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Securities Purchase
Agreement (as defined below).


 


RECITALS


 


WHEREAS,
the Company and YAII are entering into a Securities Purchase Agreement (the “Securities Purchase Agreement”) of even
date herewith pursuant to which the Company has agreed, upon the terms and subject to the conditions of the Securities Purchase
Agreement, to issue and sell to the YAII (i) a secured convertible debentures (the “Convertible Debenture”)
which shall be convertible into shares of the Company’s common stock, par value $0.001 per share (the “Common Stock,”
as converted, the “Conversion Shares”) in accordance with the terms of the Convertible Debentures and (ii)
a warrant (the “Warrant”) to purchase upon exercise shares of Common Stock, (as exercised, the “Warrant
Shares”) in accordance with the terms of the Warrant. Capitalized terms not defined herein shall have the meaning ascribed
to them in the Securities Purchase Agreement.;


 


WHEREAS,
each Guaranty is a wholly-owned subsidiary of the Company. Each Guarantor will benefit, directly or indirectly, from the Company
entering into the Securities Purchase Agreement and other Transaction Documents and such investment YAII will make into the Company;
and


 


WHEREAS,
it is a condition of the Securities Purchase Agreement and YAII’s obligation to purchase the Convertible Debentures from
the Company that the Guarantors jointly and severally guaranty the payment and performance of all of the Company’s obligations
under the Securities Purchase Agreement, the Convertible Debenture, the Security Agreement by and between the Company, the Guarantors
and the Investor dated the date hereof, and all other Transaction Documents. the Investor is only willing to enter into the Securities
Purchase Agreement if each Guarantor jointly and severally agrees to execute and deliver to the Investor this Guaranty.


 




    	 	 	 



    	 



    

 


NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each Guarantor
covenants and agrees as follows:


 


1.
 Guaranty of Payment and Performance. Each Guarantor, jointly and severally,
hereby guarantees to the Investor the full, prompt and unconditional payment when due (whether at maturity, by acceleration or
otherwise), and the performance, of all liabilities, agreements and other obligations of the Company to the Investor, whether
direct or indirect, absolute or contingent, due or to become due, secured or unsecured, now existing or hereafter arising or acquired
(whether by way of discount, letter of credit, lease, loan, or otherwise), together with all interest and costs of collection,
compromise or enforcement, including without limitation reasonable attorneys’ fees, incurred with respect to any such obligations
or this Guaranty, or with respect to a proceeding under the federal bankruptcy laws or any insolvency, receivership, arrangement
or reorganization law or an assignment for the benefit of the Investor concerning Company or any Guarantor, together with interest
on all such costs of collection, compromise or enforcement from the date arising (including without limitation all amounts due
and owing under the Convertible Debenture) (all the foregoing, collectively, the “Obligations”). This Guaranty
is an absolute, unconditional and continuing guaranty of the full and punctual payment and performance of the Obligations and
not of their collectability only and is in no way conditioned upon any requirement that the Investor first attempts to collect
any of the Obligations from the Company or resort to any security or other means of obtaining their payment. Should the Company
default in the payment or performance of any of the Obligations, the obligations of any Guarantor hereunder shall become immediately
due and payable to the Investor, without demand or notice of any nature, all of which are expressly waived by each Guarantor.


 


2. Unlimited
Guaranty. The liability of each Guarantor hereunder shall be unlimited.


 


3. Waivers
by each Guarantor; the Investor’s Freedom to Act. Each Guarantor hereby agrees that the Obligations will be paid
and performed strictly in accordance with their terms regardless of any law, regulation or order now or hereafter in effect in
any jurisdiction affecting any of such terms or the rights of the Investor with respect thereto. Each Guarantor waives presentment,
demand, protest, notice of acceptance, notice of Obligations incurred and all other notices of any kind, all defenses that may
be available by virtue of any valuation, stay, moratorium law or other similar law now or hereafter in effect, any right to require
the marshalling of assets of the Company, and all suretyship defenses generally. Without limiting the generality of the foregoing,
each Guarantor agrees to the provisions of any instrument evidencing, securing or otherwise executed in connection with any Obligation
and agrees that the obligations of each Guarantor hereunder shall not be released or discharged, in whole or in part, or otherwise
affected by (i) the failure of the Investor to assert any claim or demand or to enforce any right or remedy against the Company;
(ii) any extensions or renewals of, or alteration of the terms of, any Obligation or any portion thereof; (iii) any rescissions,
waivers, amendments or modifications of any of the terms or provisions of any agreement evidencing, securing or otherwise executed
in connection with any Obligation; (iv) the substitution or release of any entity primarily or secondarily liable for any Obligation;
(v) the adequacy of any rights the the Investor may have against any collateral or other means of obtaining repayment of the Obligations;
(vi) the impairment of any collateral securing the Obligations, including without limitation the failure to perfect or preserve
any rights the Investor might have in such collateral or the substitution, exchange, surrender, release, loss or destruction of
any such collateral; (vii) failure to obtain or maintain a right of contribution for the benefit of each Guarantor; (viii) errors
or omissions in connection with the Investor’s administration of the Obligations (except behavior constituting bad faith);
or (ix) any other act or omission that might in any manner or to any extent vary the risk of any Guarantor or otherwise operate
as a release or discharge of any Guarantor, all of which may be done without notice to any Guarantor.


 




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4. Unenforceability
of Obligations Against Company. If for any reason the Company is under no legal obligation to discharge any of the Obligations,
or if any of the Obligations have become irrecoverable from the Company by operation of law or for any other reason, this Guaranty
shall nevertheless be binding on each Guarantor to the same extent as if each Guarantor at all times had been the principal obligor
on all such Obligations. In the event that acceleration of the time for payment of the Obligations is stayed upon the insolvency,
bankruptcy or reorganization of the Company, or for any other reason, all such amounts otherwise subject to acceleration under
the terms of any agreement evidencing, securing or otherwise executed in connection with any Obligation shall be immediately due
and payable by each Guarantor.


 


5.
Subrogation; Subordination. Until the payment and performance in full of all Obligations and any and all obligations
of the Company to the Investor, no Guarantor shall exercise any rights against the Company arising as a result of payment by each
Guarantor hereunder, by way of subrogation or otherwise, and will not prove any claim in competition with the Investor in respect
of any payment hereunder in bankruptcy or insolvency proceedings of any nature; each Guarantor will not claim any set-off or counterclaim
against the Company in respect of any liability of each Guarantor to the Company; and each Guarantor waives any benefit of and
any right to participate in any collateral that may be held by the Investor. The payment of any amounts due with respect to any
indebtedness of the Company now or hereafter held by each Guarantor is hereby subordinated to the prior payment in full of the
Obligations. Each Guarantor agrees that after the occurrence of any default in the payment or performance of the Obligations,
each Guarantor will not demand, sue for or otherwise attempt to collect any such indebtedness of the Company to any Guarantor
until the Obligations shall have been paid in full. If, notwithstanding the foregoing sentence, any Guarantor shall collect, enforce
or receive any amounts in respect of such indebtedness, such amounts shall be collected, enforced and received by any Guarantor
as trustee for the Investor and be paid over to the Investor on account of the Obligations without affecting in any manner the
liability of any Guarantor under the other provisions of this Guaranty.


 


6.
 Termination; Reinstatement. This Guaranty is irrevocable and shall continue
without limit of time. This Guaranty shall be reinstated if at any time any payment made or value received with respect to an
Obligation is rescinded or must otherwise be returned by the Investor upon the insolvency, bankruptcy or reorganization of the
Company, or otherwise, all as though such payment had not been made or value received.


 


7.
 Successors and Assigns. This Guaranty shall be binding upon each Guarantor,
its successors and assigns, and shall inure to the benefit of and be enforceable by the Investor and the Investor’s shareholders,
officers, directors, agents, successors and assigns.


 


8.
 Amendments and Waivers. No amendment or waiver of any provision of this
Guaranty nor consent to any departure by each Guarantor therefrom shall be effective unless the same shall be in writing and signed
by the Investor. No failure on the part of the Investor to exercise, and no delay in exercising, any right hereunder shall operate
as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof
or the exercise of any other right.


 




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9. Notices.
All notices and other communications called for hereunder shall be made in writing and, unless otherwise specifically provided
herein, shall be deemed to have been duly made or given in accordance with the notice provisions set forth in the Securities Purchase
Agreement.


 


10.
 Governing Law; Consent to Jurisdiction. TO INDUCE THE INVESTOR TO PURCHASE
THE CONVERTIBLE DEBENTURE, THE GUARANTORS IRREVOCABLY AGREE THAT ANY DISPUTE ARISING UNDER, RELATING TO, OR IN CONNECTION WITH,
DIRECTLY OR INDIRECTLY, THIS AGREEMENT OR RELATED TO ANY MATTER WHICH IS THE SUBJECT OF OR INCIDENTAL TO THIS AGREEMENT ANY OTHER
TRANSACTION DOCUMENT (WHETHER OR NOT SUCH CLAIM IS BASED UPON BREACH OF CONTRACT OR TORT) SHALL BE SUBJECT TO THE EXCLUSIVE JURISDICTION
AND VENUE OF THE SUPERIOR COURT OF THE STATE OF NEW JERSEY SITTING IN UNION COUNTY NEW JERSEY AND THE FEDERAL DISTRICT COURT FOR
THE DISTRICT OF NEW JERSEY SITTING IN NEWARK NEW JERSEY; PROVIDED, HOWEVER, INVESTOR MAY, AT ITS SOLE OPTION, ELECT TO
BRING ANY ACTION IN ANY OTHER JURISDICTION. THIS PROVISION IS INTENDED TO BE A “MANDATORY” FORUM SELECTION CLAUSE
AND GOVERNED BY AND INTERPRETED CONSISTENT WITH NEW JERSEY LAW. EACH GUARANTOR HEREBY CONSENTS TO THE EXCLUSIVE JURISDICTION AND
VENUE OF ANY STATE OR FEDERAL COURT HAVING ITS SITUS IN SAID COUNTY, AND WAIVES ANY OBJECTION BASED ON FORUM NON CONVENIENS. EACH
GUARANTOR HEREBY WAIVES PERSONAL SERVICE OF ANY AND ALL PROCESS AND CONSENT THAT ALL SUCH SERVICE OF PROCESS MAY BE MADE BY CERTIFIED
MAIL, RETURN RECEIPT REQUESTED, DIRECTED TO EACH GUARANTOR AS SET FORTH HEREIN IN THE MANNER PROVIDED BY APPLICABLE STATUTE, LAW,
RULE OF COURT OR OTHERWISE.


 




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IN
WITNESS WHEREOF, each Guarantor has caused this Guaranty to be executed and delivered as a sealed instrument as of the date
appearing on page one.


 


	 	SOLIS
    TEK INC., a California corporation
	 	 	 
	 	By:	                        
	 	Name:	 
	 	Title:	 
	 	 	 
	 	SOLIS
    TEK EAST CORPORATION, a New Jersey corporation
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	ZELDA
    HORTICULTURE INC., a California corporation
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	Address:
    	 
	 	 


 


	 	GROW
    PRO SOLUTIONS, INC., a Nevada
	 	corporation
	 	 	 
	 	By:	         
	 	Name:	 
	 	Title:	 
	 	 	 
	 	Address:
    	 
	 	 


 




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