Exhibit
10.1


 


EQUITY
PURCHASE AGREEMENT


 


THIS
EQUITY PURCHASE AGREEMENT (this “Agreement”) is entered into as of October 24, 2019 (the “Execution
Date”), by and among Capital Park Holdings Corp., a Delaware corporation (the “Company”), SBI Investments
LLC, 2014-1, a statutory series of Delaware limited liability company (“SBI”) and Oasis Capital, LLC, a Puerto
Rico limited liability company (“Oasis” and together with SBI, the “Investors”, and each, an “Investor”).


 


RECITALS


 


WHEREAS,
the parties desire that, upon the terms and subject to the conditions contained herein, the Company shall issue and sell to the
Investor, from time to time as provided herein, and the Investors shall purchase from the Company up to Ten Million Dollars ($10,000,000.00)
of the Company’s Common Stock (as defined below);


 


NOW,
THEREFORE, in consideration of the mutual covenants contained in this Agreement, and for other good and valuable consideration,
the receipt and adequacy of which are hereby acknowledged, the Company and the Investors hereby agree as follows:


 


Article
I


CERTAIN
DEFINITIONS


 


Section
1.1 RECITALS. The parties acknowledge
and agree that the recitals set forth above are true and correct and are hereby incorporated in and made a part of this Agreement.


 


Section
1.2 DEFINED 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.


 


“Available
Amount” means, initially, the Maximum Commitment Amount, which amount shall be reduced by the Investment Amount following
each successful Closing, each time an Investor purchases shares of Common Stock pursuant to a Put.


 


“Average
Daily Trading Volume” shall mean the average trading volume of the Company’s Common Stock in the ten (10) Trading
Days immediately preceding the respective Put Date.


 


“Bankruptcy
Law” means Title 11, U.S. Code, or any similar federal or state law for the relief of debtors.


 


“Claim
Notice” shall have the meaning specified in Section 9.3(a).


 


“Clearing
Costs” shall mean all of an Investor’s reasonable, out-of-pocket broker and Transfer Agent fees.


 


“Clearing
Date” shall be the date on which an Investor receives the Put Shares as DWAC Shares in its 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 “Officer’s Certificate” of the Company in the form of Exhibit
B hereto.


 


“Closing
Date” shall mean the date of any Closing hereunder.


 


“Commitment
Period” shall mean the period commencing on the Execution Date, and ending on the earlier of (i) the date on which the
Investors shall have purchased Put Shares pursuant to this Agreement equal to the Maximum Commitment Amount, (ii) October 24,
2021, or (iii) written notice of termination by the Company to the Investors (which shall not occur at any time that any Investor
holds any of the Put Shares).


 


“Commitment
Shares” means 28,572 shares of Preferred Stock issued by the Company to the Investors pursuant to Section 6.5.


 


“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” means any securities of the Company or the Subsidiaries which would entitle the holder thereof to
acquire at any time Common Stock, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument
that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive,
Common Stock.


 


“Company”
shall have the meaning specified in the preamble to this Agreement.


 


“Confidential
Information” means any information disclosed by any party to this Agreement, or their affiliates, agents or representatives,
to another party to this Agreement, either directly or indirectly, in writing, orally or by inspection of tangible objects (including,
without limitation, documents, formulae, business information, trade secrets, technology, strategies. prototypes, samples, plant
and equipment), which may or may not be designated as “Confidential,” “Proprietary” or some similar designation.
Confidential Information may also include information disclosed by third parties. Confidential Information shall not, however,
include any information which (i) was publicly known and made generally available in the public domain prior to the time of disclosure
by the disclosing party; (ii) becomes publicly known and made generally available after disclosure by the disclosing party to
the receiving party through no fault, action or inaction of the receiving party; (iii) is already in the possession of the receiving
party at the time of disclosure by the disclosing party as shown by the receiving party’s files and records immediately
prior to the time of disclosure; (iv) is obtained by the receiving party from a third party without a breach of such third party’s
obligations of confidentiality; (v) is independently developed by the receiving party without use of or reference to the disclosing
party’s Confidential Information, as shown by documents and other competent evidence in the receiving party’s possession;
or (vi) is required by law to be disclosed by the receiving party, provided that the receiving party gives the disclosing party
prompt written notice of such requirement prior to such disclosure and assistance in obtaining an order protecting the information
from public disclosure.


 


“Conversion
Shares” means any shares of Common Stock issuable upon the conversion of shares of Preferred Stock.


 


“Current
Report” shall have the meaning set forth in Section 6.4.


 






    	 	- 2 -	 



    	 



    

 


“Custodian”
means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.


 


“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).


 


“Disqualification
Event” shall have the meaning specified in Section 4.27.


 


“DTC”
shall mean The Depository Trust Company, or any successor performing substantially the same function for the Company.


 


“DTC/FAST
Program” shall mean the DTC’s Fast Automated Securities Transfer Program.


 


“DWAC”
shall mean Deposit Withdrawal at Custodian as defined by the DTC.


 


“DWAC
Eligible” shall mean that (a) the Common Stock is eligible at DTC for full services pursuant to DTC’s operational
arrangements, including, without limitation, transfer through DTC’s DWAC system, (b) the Company has been approved (without
revocation) by the DTC’s underwriting department, (c) the Transfer Agent is approved as an agent in the DTC/FAST Program,
(d) the Put Shares, Commitment Shares, or the Conversion Shares, as applicable, are otherwise eligible for delivery via DWAC,
and (e) the Transfer Agent does not have a policy prohibiting or limiting delivery of the Put Shares, Commitment Shares, or Conversion
Shares, as applicable via DWAC.


 


“DWAC
Shares” means shares of Common Stock that are (i) issued in electronic form, (ii) freely tradable and transferable and
without restriction on resale and (iii) timely credited by the Company to the Investor’s or its designee’s specified
DWAC account with DTC under the DTC/FAST Program, or any similar program hereafter adopted by DTC performing substantially the
same function.


 


“Environmental
Laws” shall have the meaning set forth in Section 4.14.


 


“Exchange
Act” shall mean the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.


 


“Exchange
Cap” shall have the meaning set forth in Section 7.1(d).


 


“Execution
Date” shall have the meaning set forth in the preamble to this Agreement.


 


“FINRA”
shall mean the Financial Industry Regulatory Authority, Inc.


 


“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).


 


“Intellectual
Property” shall mean all trademarks, trademark applications, trade names, service marks, service mark registrations,
service names, patents, patent applications, patent rights, copyrights, inventions, licenses, trade secrets or other intellectual
property rights.


 






    	 	- 3 -	 



    	 



    

 


“Investment
Amount” shall mean the dollar value equal to the amount of Put Shares referenced in the Put Notice multiplied by the
Purchase Price minus the Clearing Costs.


 


“Investor”
shall have the meaning specified in the preamble to this Agreement.


 


“Issuer
Covered Person” shall have the meaning specified in Section 4.27.


 


“Lien”
means a lien, charge, pledge, security interest, encumbrance, right of first refusal, preemptive right or any other restriction.


 


“Market
Price” shall mean the one (1) lowest traded price of the Common Stock on the Principal Market for any Trading Day during
the Valuation Period, as reported by Bloomberg Finance L.P. or other reputable source.


 


“Material
Adverse Effect” shall mean any effect on the business, operations, properties, or financial condition of the Company
and/or the Subsidiaries that is material and adverse to the Company and/or the Subsidiaries and/or any condition, circumstance,
or situation that would prohibit or otherwise materially interfere with the ability of the Company and/or the Subsidiaries to
enter into and/or perform its obligations under any Transaction Document.


 


“Maximum
Commitment Amount” shall mean Ten Million Dollars ($10,000,000.00).


 


“Maximum
Put Amount” shall mean the lesser of (i) such amount that equals two hundred fifty percent (250%) of the Average Daily
Trading Volume, and (ii) One Million Dollars ($1,000,000.00).


 


“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.


 


“Preferred
Stock” shall mean the Company’s Series B Preferred Stock, $0.001 par value per share.


 


“Preferred
Stock COD” shall mean the Company’s Amended Certificate of Designation, Preferences and Rights of Series B Preferred
Stock.


 


“Principal
Market” shall mean any of the national exchanges (i.e. NYSE, NYSE AMEX, NASDAQ), or principal quotation systems (i.e.
OTCQX, OTCQB, OTC Pink, the OTC Bulletin Board), or other principal exchange or recognized quotation system which is at the time
the principal trading platform or market for the Common Stock.


 


“Purchase
Price” shall mean 85% 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 an 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, addressed to an Investor
and setting forth the amount of Put Shares which the Company intends to require the Investor to purchase pursuant to the terms
of this Agreement.


 






    	 	- 4 -	 



    	 



    

 


“Put
Shares” shall mean all shares of Common Stock issued, or that the Company shall be entitled to issue, per any applicable
Put Notice in accordance with the terms and conditions of this Agreement.


 


“Registration
Rights Agreement” means that agreement in the form attached hereto as Exhibit D.


 


“Registration
Statement” shall have the meaning specified in Section 6.4.


 


“Regulation
D” shall mean Regulation D promulgated under the Securities Act.


 


“Rule
144” shall mean Rule 144 promulgated under the Securities Act or any similar provision then in force under the Securities
Act.


 


“Schedules”
shall have the meaning specified in the preamble to Article IV.


 


“SEC”
shall mean the United States Securities and Exchange Commission.


 


“Securities”
means, collectively, the Put Shares, Conversion Shares and the Commitment Shares.


 


“SEC
Documents” shall have the meaning specified in Section 4.5.


 


“Securities
Act” shall mean the Securities Act of 1933, as amended.


 


“Short
Sales” shall mean all “short sales” as defined in Rule 200 of Regulation SHO under the Exchange Act.


 


“Subsidiary”
or “Subsidiaries” means any Person the Company wholly-owns or controls, or in which the Company, directly or
indirectly, owns a majority of the voting stock or similar voting interest, in each case that would be disclosable pursuant to
Item 601(b)(21) of Regulation S-K promulgated under the Securities Act.


 


“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, the Registration Rights Agreement and all schedules and exhibits hereto and thereto.


 


“Transfer
Agent” shall mean Island Stock Transfer, the current transfer agent of the Company, and any successor transfer agent
of the Company.


 


“Valuation
Period” shall mean the period of five (5) consecutive 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 the Valuation
Period shall instead begin on the Clearing Date if the respective Put Shares are received as DWAC Shares in the applicable Investor’s
brokerage account prior to 11:00 a.m. EST on the respective Clearing Date.


 






    	 	- 5 -	 



    	 



    

 


Article
II


PURCHASE
AND SALE OF COMMON STOCK


 


Section
2.1 PUTS. Upon the terms and conditions
set forth herein (including, without limitation, the provisions of Article VII), the Company shall have the right, but
not the obligation, to direct an Investor, by its delivery to the Investor of a Put Notice from time to time during the Commitment
Period, to purchase Put Shares, provided that notwithstanding any other terms of this Agreement, in each instance, (i) the Investment
Amount is not more than the Maximum Put Amount (ii) the aggregate Investment Amount of all Puts shall not exceed the Maximum Commitment
Amount and (iii) the Company cannot deliver consecutive Put Notices and/or consummate closings to the same Investor, meaning for
the avoidance of doubt, that Put Notices delivered by the Company must alternate between Oasis and SBI.


 


Section
2.2 MECHANICS.


 


(a)
PUT NOTICE. At any time and from time
to time during the Commitment Period, except as provided in this Agreement, the Company may deliver a Put Notice to an Investor,
subject to satisfaction of the conditions set forth in Section 7.2 and otherwise provided herein. The Company shall deliver,
or cause to be delivered, the Put Shares as DWAC Shares to the applicable Investor within two (2) Trading Days following the Put
Date.


 


(b)
DATE OF DELIVERY OF PUT NOTICE. A Put
Notice shall be deemed delivered on (i) the Trading Day it is received by e-mail by the applicable Investor if such notice is
received on or prior to 8:30 a.m. EST or (ii) the immediately succeeding Trading Day if it is received by e-mail after 8:30 a.m.
EST on a Trading Day or at any time on a day which is not a Trading Day. The Company shall not deliver another Put Notice to an
Investor within ten (10) Trading Days of a prior Put Notice, and a successive Put Notice shall not be delivered to the same Investor
as set forth in Section 2.1 above.


 


Section
2.3 CLOSINGS.


 


(a)
TIMING. The Closing of a Put shall occur
within one (1) Trading Day following the end of the respective Valuation Period, whereby the applicable Investor shall deliver
the Investment Amount by wire transfer of immediately available funds to an account designated by the Company. In addition, on
or prior to such Closing, each of the Company and the applicable 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.


 


(b)
RETURN OF SURPLUS. If the value of the
Put Shares delivered to an Investor causes the Company to exceed the Maximum Commitment Amount, then the Investor shall return
to the Company the surplus amount of Put Shares associated with such Put and the Purchase Price with respect to such Put shall
be reduced by any Clearing Costs related to the return of such Put Shares.


 


(c)
RESALES DURING VALUATION PERIOD. The parties
acknowledge and agree that during the Valuation Period, the applicable Investor may contract for, or otherwise effect, the resale
of the subject purchased Put Shares to third-parties.


 


Article
III


REPRESENTATIONS
AND WARRANTIES OF INVESTOR


 


Each
Investor, severally, on its own behalf, represents and warrants to the Company that:


 


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


 






    	 	- 6 -	 



    	 



    

 


Section
3.2 NO 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. Except with respect to the representations, warranties and covenants
contained in this Agreement, 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
3.3 ACCREDITED INVESTOR. The Investor
is an accredited investor as defined in Rule 501(a)(3) of Regulation D, and the Investor has such experience in business and financial
matters that it is capable of evaluating the merits and risks of an investment in the Securities. The Investor acknowledges that
an investment in the Securities is speculative and involves a high degree of risk.


 


Section
3.4 AUTHORITY. The Investor has the requisite
power and authority to enter into and perform its obligations under this Agreement and the other Transaction Documents and to
consummate the transactions contemplated hereby and thereby. The execution and delivery of this Agreement and the other Transaction
Documents and the consummation by it of the transactions contemplated hereby and thereby have been duly authorized by all necessary
action and no further consent or authorization of the Investor is required. Each Transaction Document to which it is a party has
been duly executed by the Investor, and when delivered by the Investor in accordance with the terms hereof, will constitute the
valid and binding obligation of the 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
3.5 NOT AN AFFILIATE. To the Investor’s
knowledge, the Investor is not an officer, director or “affiliate” (as such term is defined in Rule 405 of the Securities
Act) of the Company.


 


Section
3.6 ORGANIZATION AND STANDING. The Investor
is an entity duly formed, validly existing and in good standing under the laws of the jurisdiction of its formation with full
right, limited liability company power and authority to enter into and to consummate the transactions contemplated by this Agreement
and the other Transaction Documents.


 


Section
3.7 ABSENCE OF CONFLICTS. The execution
and delivery of this Agreement and the other Transaction Documents, and the consummation of the transactions contemplated hereby
and thereby and compliance with the requirements hereof and thereof, will not (a) violate any law, rule, regulation, order, writ,
judgment, injunction, decree or award binding on the Investor, (b) violate any provision of any indenture, instrument or agreement
to which the Investor is a party or is subject, or by which the Investor or any of its assets is bound, or conflict with or constitute
a material 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 the Investor to any third party, or (d) require
the approval of any third-party (that has not been obtained) pursuant to any material contract, instrument, agreement, relationship
or legal obligation to which the Investor is subject or to which any of its assets, operations or management may be subject.


 


Section
3.8 DISCLOSURE; ACCESS TO INFORMATION.
The 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, provided, however, that the Investor makes no representation or warranty
hereunder with respect to any SEC Document and is relying on the representations and warranties of the Company in Article IV with
respect to the SEC Documents.


 






    	 	- 7 -	 



    	 



    

 


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


 


Article
IV


REPRESENTATIONS
AND WARRANTIES OF THE COMPANY


 


The
Company represents and warrants to each Investor that, except as disclosed in the SEC Documents or except as set forth in the
disclosure schedules hereto (the “Schedules”) (which Schedules shall be deemed a part hereof and shall qualify any
representation or warranty otherwise made herein to the extent of the disclosure contained in the corresponding section of the
Schedules or to the extent the relevance of such disclosure to such representation or warranty is reasonably apparent), as of
the Execution Date and at each Closing Date:


 


Section
4.1 ORGANIZATION OF THE COMPANY. The Company
is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Delaware, with the requisite
power and authority to own and use its properties and assets and to carry on its business as currently conducted. Each of the
Subsidiaries is an entity duly incorporated or otherwise organized, validly existing and in good standing under the laws of the
jurisdiction of its incorporation or organization, with the requisite power and authority to own and use its properties and assets
and to carry on its business as currently conducted. Each of the Company and the Subsidiaries is not in violation or default of
any of the provisions of its respective certificate or articles of incorporation, bylaws or other organizational or charter documents.
Each of the Company and the Subsidiaries is duly qualified to conduct business and is in good standing as a foreign corporation
or other entity in each jurisdiction in which the nature of the business conducted or property owned by it makes such qualification
necessary, except where the failure to be so qualified or in good standing, as the case may be, could not have or reasonably be
expected to result in a Material Adverse Effect and to the best of the Company’s knowledge, no proceeding has been instituted
in any such jurisdiction revoking, limiting or curtailing or seeking to revoke, limit or curtail such power and authority or qualification.


 


Section
4.2 AUTHORITY. The Company has the requisite
corporate power and authority to enter into and perform its obligations under this Agreement and the other Transaction Documents.
The execution and delivery of this Agreement and the other Transaction Documents by the Company and the consummation by it of
the transactions contemplated hereby and thereby 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. Each of this Agreement and the other Transaction
Documents has been duly executed and delivered by the Company and when executed and delivered by all parties hereto and thereto
in accordance with the terms hereof and thereof, will constitute 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.


 






    	 	- 8 -	 



    	 



    

 


Section
4.3 CAPITALIZATION. As of the Execution
Date, the authorized capital stock of the Company consists of (a) 25,000,000 shares of Common Stock, par value of $0.001 per share,
of which approximately 9,558,686 shares of Common Stock are issued and outstanding and (b) 5,000,000 shares of preferred stock,
of which 125,000 shares of preferred stock are issued and outstanding which consist of 96,429 shares of Preferred Stock already
issued and outstanding and 28,571 shares of Preferred Stock issued in connection with the execution of the Agreement. Except as
set forth on Schedule 4.3, the Company has not issued any capital stock since its most recently filed periodic report under
the Exchange Act, other than pursuant to the exercise of employee stock options under the Company’s stock option plans,
the issuance of shares of Common Stock to employees pursuant to the Company’s employee stock purchase plans and pursuant
to the conversion and/or exercise of Common Stock Equivalents outstanding as of the date of the most recently filed periodic report
under the Exchange Act. No Person has any right of first refusal, preemptive right, right of participation, or any similar right
to participate in the transactions contemplated by the Transaction Documents. Except as set forth on Schedule 4.3, and
except as a result of the purchase and sale of the Securities, there are no outstanding options, warrants, scrip rights to subscribe
to, calls or commitments of any character whatsoever relating to, or securities, rights or obligations convertible into or exercisable
or exchangeable for, or giving any Person any right to subscribe for or acquire any shares of Common Stock, or contracts, commitments,
understandings or arrangements by which the Company or any Subsidiary is or may become bound to issue additional shares of Common
Stock or Common Stock Equivalents. Except as set forth on Schedule 4.3 or as disclosed in the SEC Documents, the issuance
and sale of the Securities will not obligate the Company to issue shares of Common Stock or other securities to any Person (other
than the Investors) and will not result in a right of any holder of Company securities to adjust the exercise, conversion, exchange
or reset price under any of such securities. Except as set forth on Schedule 4.3 or as disclosed in the SEC Documents,
there are no stockholders agreements, voting agreements or other similar agreements with respect to the Company’s capital
stock to which the Company is a party or, to the knowledge of the Company, between or among any of the Company’s stockholders.


 


Section
4.4 LISTING AND MAINTENANCE REQUIREMENTS.
The Common Stock is registered pursuant to Section 12(b) or 12(g) of the Exchange Act, and the Company has taken no action designed
to, or which to its knowledge is likely to have the effect of, terminating the registration of the Common Stock under the Exchange
Act, nor has the Company received any notification that the SEC is contemplating terminating such registration. The Company has
not, in the twelve (12) months preceding the Execution Date, received notice from the Principal Market on which the Common Stock
is or has been listed or quoted to the effect that the Company is not in compliance with the listing or maintenance requirements
of such Principal Market. The Company is, and has no reason to believe that it will not in the foreseeable future continue to
be, in compliance with all such listing and maintenance requirements.


 


Section
4.5 SEC DOCUMENTS; DISCLOSURE. Except
as set forth on Schedule 4.5, the Company has filed all reports, schedules, forms, statements and other documents required
to be filed by the Company under the Securities Act and the Exchange Act, including pursuant to Section 13(a) or 15(d) thereof,
for the one (1) year preceding the Execution Date (or such shorter period as the Company was required by law or regulation to
file such material) (the foregoing materials, including the exhibits thereto and documents incorporated by reference therein,
being collectively referred to herein as the “SEC Documents”) on a timely basis or has received a valid extension
of such time of filing and has filed any such SEC Documents prior to the expiration of any such extension. As of their respective
dates, the SEC Documents complied in all material respects with the requirements of the Securities Act and the Exchange Act, as
applicable, and other federal laws, rules and regulations applicable to such SEC Documents, and none of the SEC Documents when
filed 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,
immaterial, year-end audit adjustments). The Company maintains a system of internal accounting controls appropriate for its size.
There is no transaction, arrangement, or other relationship between the Company and an unconsolidated or other off balance sheet
entity that is not disclosed by the Company in its financial statements or otherwise that would be reasonably likely to have a
Material Adverse Effect. Except with respect to the material terms and conditions of the transactions contemplated by the Transaction
Documents, the Company confirms that neither it nor any other Person acting on its behalf has provided the Investors or their
agents or counsel with any information that it believes constitutes or might constitute material, non-public information. The
Company understands and confirms that each Investor will rely on the foregoing representation in effecting transactions in securities
of the Company.


 






    	 	- 9 -	 



    	 



    

 


Section
4.6 VALID ISSUANCES. The Securities are
duly authorized and, when issued and paid for in accordance with the applicable Transaction Documents, will be validly issued,
fully paid, and non-assessable, free and clear of all Liens imposed by the Company, other than restrictions on transfer provided
for in the Transaction Documents and under the Securities Act.


 


Section
4.7 NO CONFLICTS. The execution, delivery
and performance of this Agreement and the other Transaction Documents by the Company, and the consummation by the Company of the
transactions contemplated hereby and thereby, including, without limitation, the issuance of the Put Shares, Commitment Shares
and Conversion Shares do not and will not: (a) result in a violation of the Company’s or any Subsidiary’s certificate
or articles of incorporation, by-laws or other organizational or charter documents, (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, result in the creation
of any Lien upon any of the properties or assets of the Company or any Subsidiary, or give to others any rights of termination,
amendment, acceleration or cancellation of, any agreement, indenture, instrument or any “lock-up” or similar provision
of any underwriting or similar agreement to which the Company or any Subsidiary 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 any Subsidiary or by which any property or asset of the Company or any Subsidiary 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 the other Transaction Documents (other than any SEC, FINRA or state securities
filings that may be required to be made by the Company in connection with the issuance of the Commitment Shares or subsequent
to any Closing or 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.


 


Section
4.8 NO MATERIAL ADVERSE CHANGE. Except
as set forth on Schedule 4.8, no event has occurred that would have a Material Adverse Effect on the Company or any Subsidiary
that has not been disclosed in subsequent SEC filings.


 


Section
4.9 LITIGATION AND OTHER PROCEEDINGS.
Except as set forth on Schedule 4.9, there are no actions, suits, investigations, inquiries or proceedings pending or,
to the knowledge of the Company, threatened against or affecting the Company, any Subsidiary or any of their respective properties,
nor has the Company received any written or oral notice of any such action, suit, proceeding, inquiry or investigation, which
would have a Material Adverse Effect or would require disclosure under the Securities Act or the Exchange Act. No judgment, order,
writ, injunction or decree or award has been issued by or, to the knowledge of the Company, requested of any court, arbitrator
or governmental agency which would have a Material Adverse Effect. Except as set forth on Schedule 4.9, there has not been,
and to the knowledge of the Company, there is not pending or contemplated, any investigation by the SEC involving the Company,
any Subsidiary, or any current or former director or officer of the Company or any Subsidiary.


 






    	 	- 10 -	 



    	 



    

 


Section
4.10 REGISTRATION RIGHTS. Except as set
forth on Schedule 4.10, no Person (other than the Investors) has any right to cause the Company to effect the registration
under the Securities Act of any securities of the Company or any Subsidiary.


 


Section
4.11 INVESTORS’ STATUS. The Company
acknowledges and agrees that each Investor is acting solely in the capacity of arm’s length purchaser with respect to the
Transaction Documents and the transactions contemplated hereby and thereby. The Company further acknowledges that neither Investor
is acting as a financial advisor or fiduciary of the Company (or in any similar capacity) with respect to the Transaction Documents
and the transactions contemplated hereby and thereby and any advice given by an Investor or any of its representatives or agents
in connection with the Transaction Documents and the transactions contemplated hereby and thereby is merely incidental to the
Investor’s purchase of the Securities. The Company further represents to each Investor that the Company’s decision
to enter into the Transaction Documents has been based solely on the independent evaluation by the Company and its representatives
and advisors.


 


Section
4.12 NO GENERAL SOLICITATION; NO INTEGRATED
OFFERING. Neither the Company, any Subsidiary, nor any of their respective affiliates, nor any Person acting on their behalf,
has engaged in any form of general solicitation or general advertising (within the meaning of Regulation D under the Securities
Act) in connection with the offer or sale of the Securities. Neither the Company, any Subsidiary, nor any of their respective
affiliates, nor any Person acting on their behalf has, directly or indirectly, made any offers or sales of any security or solicited
any offers to buy any security, under circumstances that would require registration of the offer and sale of any of the Securities
under the Securities Act, whether through integration with prior offerings or otherwise, or cause this offering of the Securities
to be integrated with prior offerings by the Company in a manner that would require stockholder approval pursuant to the rules
of the Principal Market on which any of the securities of the Company are listed or designated. The issuance and sale of the Securities
hereunder does not contravene the rules and regulations of the Principal Market.


 


Section
4.13 INTELLECTUAL PROPERTY RIGHTS. The
Company and each Subsidiary own or possess adequate rights or licenses to use all material trademarks, trade names, service marks,
service mark registrations, service names, patents, patent rights, copyrights, inventions, licenses, approvals, governmental authorizations,
trade secrets and rights necessary to conduct their respective businesses as now conducted. None of the Company’s, nor any
Subsidiary’s material Intellectual Property has expired or terminated, or, by the terms and conditions thereof, could expire
or terminate within two years from the date of this Agreement. The Company does not have any knowledge of any infringement by
the Company and/or any Subsidiary of any material Intellectual Property of others, or of any such development of similar or identical
trade secrets or technical information by others, and there is no claim, action or proceeding being made or brought against, or
to the Company’s knowledge, being threatened against, the Company and/or any Subsidiary regarding the infringement of any
Intellectual Property, which could reasonably be expected to have a Material Adverse Effect.


 


Section
4.14 ENVIRONMENTAL LAWS. To the Company’s
knowledge, the Company and each Subsidiary (i) is in compliance with any and all applicable foreign, federal, state and local
laws and regulations relating to the protection of human health and safety, the environment or hazardous or toxic substances or
wastes, pollutants or contaminants (“Environmental Laws”), (ii) has received all permits, licenses or other
approvals required of it under applicable Environmental Laws to conduct its respective businesses and (iii) is in compliance with
all terms and conditions of any such permit, license or approval, except where, in each of the three foregoing clauses, the failure
to so comply could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.


 






    	 	- 11 -	 



    	 



    

 


Section
4.15 TITLE. Except as disclosed in the
SEC Documents, the Company and each Subsidiary has good and marketable title in fee simple to all real property owned by it and
good and marketable title in all personal property owned by it that is material to the business of the Company and each Subsidiary,
in each case free and clear of all Liens and, except for Liens as do not materially affect the value of such property and do not
materially interfere with the use made and proposed to be made of such property by the Company or any Subsidiary and Liens for
the payment of federal, state or other taxes, the payment of which is neither delinquent nor subject to penalties. Any real property
and facilities held under lease by the Company or any Subsidiary is held under valid, subsisting and enforceable leases with which
the Company is in compliance with such exceptions as are not material and do not interfere with the use made and proposed to be
made of such property and buildings by the Company or any Subsidiary.


 


Section
4.16 INSURANCE. The Company and each Subsidiary
is insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as management
of the Company believes to be prudent and customary in the businesses in which the Company and each Subsidiary is engaged. Neither
the Company, nor any Subsidiary has been refused any insurance coverage sought or applied for, and the Company has no reason to
believe that it or any Subsidiary will not be able to renew its existing insurance coverage as and when such coverage expires
or to obtain similar coverage from similar insurers as may be necessary to continue its business at a cost that would not materially
and adversely affect the condition, financial or otherwise, or the earnings, business or operations of the Company, taken as a
whole.


 


Section
4.17 REGULATORY PERMITS. The Company and
each Subsidiary possesses all material certificates, authorizations and permits issued by the appropriate federal, state or foreign
regulatory authorities necessary to conduct its businesses, and neither the Company, nor any Subsidiary has received any notice
of proceedings relating to the revocation or modification of any such certificate, authorization or permit.


 


Section
4.18 TAX STATUS. The Company and each
Subsidiary has made or filed all federal and state income and all other material tax returns, reports and declarations required
by any jurisdiction to which it is subject (unless and only to the extent that the Company has set aside on its books provisions
reasonably adequate for the payment of all unpaid and unreported taxes) and has paid all taxes and other governmental assessments
and charges that are material in amount, shown or determined to be due on such returns, reports and declarations, except those
being contested in good faith and has set aside on its books provision reasonably adequate for the payment of all taxes for periods
subsequent to the periods to which such returns, reports or declarations apply. There are no unpaid taxes in any material amount
claimed to be due by the taxing authority of any jurisdiction, and the officers of the Company know of no basis for any such claim.


 


Section
4.19 TRANSACTIONS WITH AFFILIATES. Except
as set forth in the SEC Documents, none of the officers or directors of the Company or any Subsidiary, and to the knowledge of
the Company, none of the employees of the Company or any Subsidiary is presently a party to any transaction with the Company or
any Subsidiary (other than for services as employees, officers and directors), including any contract, agreement or other arrangement
providing for the furnishing of services to or by, providing for rental of real or personal property to or from, or otherwise
requiring payments to or from any officer, director or such employee or, to the knowledge of the Company, any entity in which
any officer, director, or any such employee has a substantial interest or is an officer, director, trustee or partner, in each
case in excess of the lesser of (i) $120,000 or (ii) one percent of the average of the Company’s total assets at year end
for the last two completed fiscal years, other than for (i) payment of salary or consulting fees for services rendered, (ii) reimbursement
for expenses incurred on behalf of the Company or any Subsidiary and (iii) other employee benefits, including stock option agreements
under any stock option plan of the Company.


 






    	 	- 12 -	 



    	 



    

 


Section
4.20 APPLICATION OF TAKEOVER PROTECTIONS.
The Company and its board of directors have taken or will take prior to the Execution Date all necessary action, if any, in order
to render inapplicable any control share acquisition, business combination, poison pill (including any distribution under a rights
agreement) or other similar anti-takeover provision under the articles of incorporation or the laws of the state of its incorporation
which is or could become applicable to the Investors as a result of the transactions contemplated by this Agreement, including,
without limitation, the Company’s issuance of the Securities and the Investors’ ownership of the Securities.


 


Section
4.21 FOREIGN CORRUPT PRACTICES. Neither
the Company, any Subsidiary, nor to the knowledge of the Company, any agent or other Person acting on behalf of the Company or
any Subsidiary, has (i) directly or indirectly, used any funds for unlawful contributions, gifts, entertainment or other unlawful
expenses related to foreign or domestic political activity, (ii) made any unlawful payment to foreign or domestic government officials
or employees or to any foreign or domestic political parties or campaigns from corporate funds, (iii) failed to disclose fully
any contribution made by the Company or any Subsidiary (or made by any Person acting on its behalf of which the Company is aware)
which is in violation of law, or (iv) violated in any material respect any provision of the Foreign Corrupt Practices Act of 1977,
as amended.


 


Section
4.22 SARBANES-OXLEY. The Company is in
compliance with all provisions of the Sarbanes-Oxley Act of 2002, as amended, which are applicable to it.


 


Section
4.23 CERTAIN FEES. No brokerage or finder’s
fees or commissions are or will be payable by the Company to any broker, financial advisor or consultant, finder, placement agent,
investment banker, bank or other Person with respect to the transactions contemplated by the Transaction Documents. The Investors
shall have no obligation with respect to any fees or with respect to any claims made by or on behalf of other Persons for fees
of a type contemplated in this Section 4.23 that may be due in connection with the transactions contemplated by the Transaction
Documents.


 


Section
4.24 INVESTMENT COMPANY. The Company is
not an “investment company” within the meaning of the Investment Company Act of 1940, as amended.


 


Section
4.25 ACCOUNTANTS. The Company’s
accountants are set forth in the SEC Documents and, to the knowledge of the Company, such accountants are an independent registered
public accounting firm as required by the Securities Act.


 


Section
4.26 NO MARKET MANIPULATION. Neither the
Company, nor any Subsidiary has, and to its knowledge no Person acting on either of their behalf has, (i) taken, directly or indirectly,
any action designed to cause or to result in the stabilization or manipulation of the price of any security of the Company to
facilitate the sale or resale of any of the Securities, (ii) sold, bid for, purchased, or, paid any compensation for soliciting
purchases of, any of the Securities, or (iii) paid or agreed to pay to any Person any compensation for soliciting another to purchase
any other securities of the Company.


 






    	 	- 13 -	 



    	 



    

 


Section
4.27 NO DISQUALIFICATION EVENTS. None
of the Company, any Subsidiary, any of their predecessors, any affiliated issuer, any director, executive officer, other officer
of the Company or any Subsidiary participating in the offering contemplated hereby, any beneficial owner of 20% or more of the
Company’s outstanding voting equity securities, calculated on the basis of voting power, nor any promoter (as that term
is defined in Rule 405 under the Securities Act) connected with the Company in any capacity at the time of sale (each, an “Issuer
Covered Person”) is subject to any of the “Bad Actor” disqualifications described in Rule 506(d)(1)(i) to
(viii) under the Securities Act (a “Disqualification Event”), except for a Disqualification Event covered by
Rule 506(d)(2) or (d)(3) under the Securities Act. The Company has exercised reasonable care to determine whether any Issuer Covered
Person is subject to a Disqualification Event.


 


Section
4.28 MONEY LAUNDERING. The Company and
each Subsidiary is in compliance with, and has not previously violated, the USA PATRIOT ACT of 2001 and all other applicable U.S.
and non-U.S. anti-money laundering laws and regulations, including, but not limited to, the laws, regulations and Executive Orders
and sanctions programs administered by the U.S. Office of Foreign Assets Control, including, but not limited, to (i) Executive
Order 13224 of September 23, 2001 entitled, “Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten
to Commit, or Support Terrorism” (66 Fed. Reg. 49079 (2001)); and (ii) any regulations contained in 31 CFR, Subtitle B,
Chapter V.


 


Section
4.29 ILLEGAL OR UNAUTHORIZED PAYMENTS; POLITICAL
CONTRIBUTIONS. Neither the Company, nor any Subsidiary has, nor, to the best of the Company’s knowledge (after reasonable
inquiry of its officers and directors), any of the officers, directors, employees, agents or other representatives of the Company,
any Subsidiary or any other business entity or enterprise with which the Company is or has been affiliated or associated, has,
directly or indirectly, made or authorized any payment, contribution or gift of money, property, or services, whether or not in
contravention of applicable law, (a) as a kickback or bribe to any Person or (b) to any political organization, or the holder
of or any aspirant to any elective or appointive public office except for personal political contributions not involving the direct
or indirect use of funds of the Company.


 


Section
4.30 SHELL COMPANY STATUS. The Company
is not currently an issuer identified in Rule 144(i)(1)(i) under the Securities Act, is subject to the reporting requirements
of Section 13 or 15(d) of the Exchange Act, has filed all reports and other materials required to be filed by Section 13 or 15(d)
of the Exchange Act, as applicable during the preceding 12 months, and, as of a date at least one year prior to the Execution
Date, has filed current “Form 10 information” with the SEC (as defined in Rule 144(i)(3) of the Securities Act) reflecting
its status as an entity that is no longer an issuer described in Rule 144(i)(1)(i) of the Securities Act.


 


Section
4.31 ABSENCE OF SCHEDULES. In the event
that on the Execution Date and on each Closing Date, the Company does not deliver any disclosure schedule contemplated by this
Agreement, the Company hereby acknowledges and agrees that (x) to the extent the Company has (x) previously delivered to the Investor
such disclosure schedule, the information therein has not changed as of such Closing Date, and (y) not previously delivered to
the Investor such disclosure schedule, (i) each such undelivered disclosure schedule shall be deemed to read as follows: “Nothing
to Disclose”, and (ii) the Investors have not otherwise waived delivery of such disclosure schedule.


 


Section
4.32 NO OTHER REPRESENTATIONS. Except
as expressly set forth in this Agreement or in another Transaction Document, none of the Company or any Subsidiaries make any
further representations or warranties, express or implied, and any such representations and warranties are hereby expressly disclaimed.


 


Article
V


COVENANTS
OF INVESTOR


 


Section
5.1 COMPLIANCE WITH LAW; TRADING IN SECURITIES.
Each Investor covenants, severally, that the Investor’s trading activities with respect to shares of Common Stock will be
in compliance with all applicable state and federal securities laws and regulations and the rules and regulations of FINRA and
the Principal Market.


 






    	 	- 14 -	 



    	 



    

 


Section
5.2 SHORT SALES AND CONFIDENTIALITY. Each
Investor covenants, severally, that neither the 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 Execution Date 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. Each Investor
shall, until such time as the transactions contemplated by this Agreement are publicly disclosed by the Company in accordance
with the terms of this Agreement, maintain the confidentiality of the existence and terms of this transaction and the information
included in the Transaction Documents. Each Investor agrees not to disclose any Confidential Information of the Company to any
third party, except for the Investor’s attorneys, accountants and advisors who have a need to know such Confidential Information
and are bound by confidentiality, and shall not use any Confidential Information for any purpose other than in connection with,
or in furtherance of, the transactions contemplated hereby and will employ reasonable efforts to preserve the confidentiality
of the Confidential Information, and will, in any event, ensure that Investor’s attorneys, accountants and advisors employ
at least the same practices used to protect their own confidential information of similar nature.. Each Investor acknowledges
that the Confidential Information of the Company shall remain the property of the Company and agrees that it shall take all reasonable
measures to protect the secrecy of any Confidential Information disclosed by the Company.


 


Article
VI


COVENANTS
OF THE COMPANY


 


Section
6.1 FILING OF PREFERRED STOCK COD. By
the Execution Date, the Company shall have obtained all required approvals regarding, and shall have filed the Preferred Stock
COD with the State of Delaware, in the form attached hereto as Exhibit E.


 


Section
6.2 LISTING OF COMMON STOCK. The Company
shall promptly secure the listing of all of the Put Shares and Conversion Shares to be issued to the Investors hereunder on the
Principal Market (subject to official notice of issuance) and shall use commercially reasonable best efforts to maintain, so long
as any shares of Common Stock shall be so listed, the listing of all such Put Shares and Conversion Shares from time to time issuable
hereunder. 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 FINRA and the Principal Market.
The Company shall not take any action that would reasonably be expected to result in the delisting or suspension of the Common
Stock on the Principal Market. The Company shall promptly, and in no event later than the following Trading Day, provide to the
Investors copies of any notices it receives from any Person regarding the continued eligibility of the Common Stock for listing
on the Principal Market. The Company shall pay all fees and expenses in connection with satisfying its obligations under this
Section 6.2). The Company shall take all action necessary to ensure that its Common Stock can be transferred electronically
as DWAC Shares.


 






    	 	- 15 -	 



    	 



    

 


Section
6.3 OTHER EQUITY LINES. So long as this
Agreement remains in effect, the Company covenants and agrees that it will not, without the prior written consent of the Investors,
enter into any other equity line of credit transactions or other agreements similar to this Agreement, with any other party, without
the Investors’ prior written consent, which consent may be granted or withheld in the Investors’ sole and absolute
discretion. Notwithstanding the foregoing, any non-equity line financing consummated via an underwriting offering or through a
placement agent shall not require Investors’ consent. For the avoidance of doubt, the Company shall not be restricted from
entering into, and shall not need the Investors’ consent for, any agreement providing for the issuance or distribution of
any equity securities of the Company pursuant to any agreement or arrangement that is not expressly restricted by this Section
6.3 or the other terms of the Transaction Documents.


 


Section
6.4 FILING OF CURRENT REPORT AND REGISTRATION
STATEMENT. The Company agrees that it shall file a Current Report on Form 8-K, including the Transaction Documents as exhibits
thereto, with the SEC within the time required by the Exchange Act, relating to the transactions contemplated by, and describing
the material terms and conditions of, the Transaction Documents (the “Current Report”). The Company shall permit
each Investor to review and comment upon the final pre-filing draft version of the Current Report at least two (2) Trading Days
prior to its filing with the SEC, and the Company shall give reasonable consideration to all such comments. Each Investor shall
use its reasonable best efforts to comment upon the final pre-filing draft version of the Current Report within one (1) Trading
Day from the date the Investor receives it from the Company. Pursuant to the terms of the Registration Rights Agreement, the Company
shall also file with the SEC, on or before December 8, 2019, a new registration statement on Form S-1 (the “Registration
Statement”) covering only the resale of the Put Shares.


 


Section
6.5 ISSUANCE OF COMMITMENT SHARES. In
consideration for the Investors’ execution and delivery of, and performance under this Agreement, the Company shall cause
the Transfer Agent to issue the Commitment Shares to the Investors on the Execution Date, with 14,286 Commitment Shares to Oasis,
and 14,286 Commitment Shares to SBI. For the avoidance of doubt, all of the Commitment Shares shall be fully earned as of the
Execution Date, and the issuance of the Commitment Shares is not contingent upon any other event or condition, including, without
limitation, the effectiveness of the Registration Statement or the Company’s submission of a Put Notice to an Investor and
irrespective of any termination of this Agreement. At all times while any Investor holds Commitment Shares or Conversion Shares,
the Company shall file all reports, schedules, registrations, forms, statements, information and other documents required to be
filed by a publicly reporting company with the SEC pursuant to the reporting requirements of the Exchange Act, within the applicable
time periods prescribed for such filings under the Exchange Act, and take all other Company actions necessary for the Investors
to be able utilize Rule 144.


 


Section
6.6 DUE DILIGENCE; CONFIDENTIALITY; NON-PUBLIC
INFORMATION. Each Investor shall have the right, from time to time as such Investor may reasonably deem appropriate, to perform
reasonable due diligence on the Company during normal business hours. The Company, each Subsidiary and their respective officers
and employees shall provide information and reasonably cooperate with such Investor in connection with any reasonable request
by such Investor related to the Investor’s due diligence of the Company. The Company agrees not to disclose any Confidential
Information of the Investors to any third party, except for attorneys, accountants, advisors who have a need to know such Confidential
Information and are bound by confidentiality, and shall not use any Confidential Information for any purpose other than in connection
with, or in furtherance of, the transactions contemplated hereby. The Company acknowledges that the Confidential Information of
each Investor shall remain the property of such Investor and agrees that it shall take all reasonable measures to protect the
secrecy of any Confidential Information disclosed by each Investor. The Company confirms that neither it nor any other Person
acting on its behalf shall provide any Investor or its agents or counsel with any information that constitutes or might constitute
material, non-public information, unless a simultaneous public announcement thereof is made by the Company in the manner contemplated
by Regulation FD. In the event of a breach of the foregoing covenant by the Company or any Person acting on its behalf (as determined
in the reasonable good faith judgment of the Investor), in addition to any other remedy provided herein or in the other Transaction
Documents, an Investor shall have the right to make a public disclosure, in the form of a press release, public advertisement
or otherwise, of such material, non-public information without the prior approval by the Company; provided the Investor shall
have first provided notice to the Company that it believes it has received information that constitutes material, non-public information,
and the Company shall have had at least twenty-four (24) hours to publicly disclose such material, non-public information prior
to any such disclosure by the Investor, and the Company shall have failed to publicly disclose such material, non-public information
within such time period. Such Investor shall not have any liability to the Company, any Subsidiary, or any of their respective
directors, officers, employees, stockholders, affiliates or agents, for any such disclosure. The Company understands and confirms
that each Investor shall be relying on the foregoing covenants in effecting transactions in securities of the Company.


 






    	 	- 16 -	 



    	 



    

 


Section
6.7 PURCHASE RECORDS. The Company shall
maintain records showing the Available Amount at any given time and the date, Investment Amount and Put Shares for each Put, contained
in the applicable Put Notice.


 


Section
6.8 TAXES. The Company shall pay any and
all transfer, stamp or similar taxes that may be payable with respect to the issuance and delivery of any shares of Common Stock
to the Investors made under this Agreement.


 


Section
6.9 USE OF PROCEEDS. The Company will
use the net proceeds from the offering of Put Shares hereunder in the manner described in the Registration Statement or the SEC
Documents.


 


Section
6.10 OTHER TRANSACTIONS. The Company shall
not enter into, announce or recommend to its stockholders any agreement, plan, arrangement or transaction in or of which the terms
thereof would restrict, materially delay, conflict with or impair the ability or right of the Company to perform its obligations
under the Transaction Documents, including, without limitation, the obligation of the Company to deliver the Put Shares to the
Investors in accordance with the terms of the Transaction Documents.


 


Section
6.11 INTEGRATION. In any case subject
to the terms of the Registration Rights Agreement, from and after the Execution Date, neither the Company, nor or any of its affiliates
will, and the Company shall use its reasonable best efforts to ensure that no Person acting on their behalf will, directly or
indirectly, make any offers or sales of any security or solicit any offers to buy any security, under circumstances that would
require registration of the offer and sale of any of the Securities under the Securities Act.


 


Section
6.12 TRANSACTION DOCUMENTS. On the Execution
Date, the Company shall deliver to the Investors executed copies of all of the Transaction Documents.


 


Article
VII


CONDITIONS
TO DELIVERY OF PUT NOTICES AND CONDITIONS TO CLOSING


 


Section
7.1 CONDITIONS PRECEDENT TO THE RIGHT OF THE
COMPANY TO ISSUE AND SELL PUT SHARES. The right of the Company to issue and sell the Put Shares to the Investors is subject
to the satisfaction of each of the conditions set forth below:


 


(a)
ACCURACY OF INVESTORS’ REPRESENTATIONS
AND WARRANTIES. The representations and warranties of each Investor shall be true and correct in all material respects as
of the Execution Date and as of the date of each Closing as though made at each such time.


 






    	 	- 17 -	 



    	 



    

 


(b)
PERFORMANCE BY INVESTOR. The applicable
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 such Investor at or prior to such Closing.


 


(c)
REGISTRATION STATEMENT. The Company shall
not have the right to issue any Put Shares if the Registration Statement, and any amendment or supplement thereto, shall fail
to be and remain effective for the resale by the Investors of the Put Shares.


 


(d)
PRINCIPAL MARKET REGULATION. The Company
shall not issue any Put Shares, and the Investors shall not have the right to receive any Put Shares, if the issuance of such
Put 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
7.2 CONDITIONS PRECEDENT TO THE OBLIGATION
OF INVESTOR TO PURCHASE PUT SHARES. The obligation of the Investors hereunder to purchase Put Shares is subject to the satisfaction
of each of the following conditions:


 


(a)
REGISTRATION STATEMENT. The Registration
Statement, and any amendment or supplement thereto, shall be and remain effective for the resale by the Investors of the Put Shares
and (i) neither the Company nor the Investors 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 of,
or withdrawal of the effectiveness of, such Registration Statement or related prospectus shall exist. The Company shall have prepared
and filed with the SEC a final and complete prospectus (the preliminary form of which shall be included in the Registration Statement)
and shall have delivered to each Investor a true and complete copy thereof. Such prospectus shall be current and available for
the resale by the Investors of all of the Put Shares covered thereby. For the avoidance of doubt, any filing available to the
Investors via the SEC’s live EDGAR system shall be deemed “delivered” hereunder.


 


(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 as of
the Execution Date and as of the date of each Closing (except for representations and warranties under the first sentence of Section
4.3, which are specifically made as of the Execution Date and shall be true and correct in all respects as of the Execution
Date).


 


(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 the Transaction Documents, and no proceeding shall have been commenced that may have the effect of prohibiting or materially
adversely affecting any of the transactions contemplated by the Transaction Documents.


 


(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.


 






    	 	- 18 -	 



    	 



    

 


(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 FINRA, or
otherwise halted for any reason, and the Common Stock shall have been approved for listing or quotation on and shall not have
been delisted from the Principal Market. In the event of a suspension, delisting, or halting for any reason, of the trading of
the Common Stock, as contemplated by this Section 7.2(f), an Investor shall have the right to return to the Company any
remaining amount of Put Shares associated with such Put, and the Purchase Price with respect to such Put shall be reduced accordingly.


 


(g)
BENEFICIAL OWNERSHIP LIMITATION. The number
of Put Shares to be purchased by an Investor shall not exceed the number of such shares that, when aggregated with all other shares
of Common Stock then owned by such Investor beneficially or deemed beneficially owned by such Investor, would result in such Investor
owning more than the Beneficial Ownership Limitation (as defined below), as determined in accordance with Section 16 of the Exchange
Act and the regulations promulgated thereunder. For purposes of this Section 7.2(g), 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 the Investor, when aggregating
all purchases of Common Stock made pursuant to this Agreement, would own more than the Beneficial Ownership Limitation following
such Closing Date. The “Beneficial Ownership Limitation” shall be 9.99% of the number of shares of the Common
Stock outstanding immediately after giving effect to the issuance of shares of Common Stock issuable pursuant to a Put Notice.


 


(h)
PRINCIPAL MARKET REGULATION. The issuance
of the Put Shares shall not exceed the Exchange Cap.


 


(i)
NO KNOWLEDGE. The Company shall have no
knowledge of any event more likely than not to have the effect of causing the 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). The Company shall have no knowledge of any untrue statement (or alleged untrue statement)
of a material fact or omission (or alleged omission) of a material fact required to be stated therein or necessary to make the
statements therein, in light of the circumstances under which they were made, not misleading, in the Registration Statement, any
effective registration statement filed pursuant to the Registration Rights Agreement or any post-effective amendment or prospectus
which is a part of the foregoing, unless the Company has filed an amendment with the SEC or taken such other.


 


(j)
NO VIOLATION OF SHAREHOLDER APPROVAL REQUIREMENT.
The issuance of the Put Shares shall not violate the shareholder approval requirements of the Principal Market.


 


(k)
OFFICER’S CERTIFICATE. On the date
of delivery of each Put Notice, each Investor shall have received the Closing Certificate executed by an executive officer of
the Company and to the effect that all the conditions to such Closing shall have been satisfied as of the date of each such certificate.


 


(l)
DWAC ELIGIBLE. The Common Stock must be
DWAC Eligible and not subject to a “DTC chill.”


 


(m)
SEC DOCUMENTS. All reports, schedules,
registrations, forms, statements, information and other documents required to have been filed by the Company with the SEC pursuant
to the reporting requirements of the Exchange Act (other than Forms 8-K) shall have been filed with the SEC within the applicable
time periods prescribed for such filings under the Exchange Act.


 






    	 	- 19 -	 



    	 



    

 


(n)
REMOVED AND RESERVED.


 


(o)
REMOVED AND RESERVED.


 


(p)
MINIMUM PRICING. The lowest traded price
of the Common Stock in the five (5) Trading Days immediately preceding the respective Put Date must exceed $0.001 per share.


 


(q)
NO VIOLATION. No statute, regulation,
order, guidance, decree, writ, ruling or injunction shall have been enacted, entered, promulgated, threatened or endorsed by any
federal, state, local or foreign court or governmental authority of competent jurisdiction, including, without limitation, the
SEC, which prohibits the consummation of or which would materially modify or delay any of the transactions contemplated by the
Transaction Documents.


 


(r)
LEGAL OPINION. The Company shall cause
to be delivered to the Investors a written opinion of counsel, in form and substance reasonably satisfactory to the Investors
and their counsel, relating to the availability and effectiveness of the Registration Statement, as supplemented by any prospectus
supplement or amendment thereto, and regarding the Company’s compliance with the Delaware Statutes and the federal securities
laws of the United States in the issuance, sale and registration of the Securities.


 


Article
VIII


LEGENDS


 


Section
8.1 NO RESTRICTIVE STOCK LEGEND. No restrictive
stock legend shall be placed on the share certificates representing the Put Shares or Conversion Shares (provided the subject
Investor has delivered such documents as reasonably requested by the Company to issue such Conversion Shares without a legend
pursuant to Rule 144 or other exemption or registration under the Securities Act).


 


Section
8.2 INVESTORS’ COMPLIANCE. Nothing
in this Article VIII shall affect in any way the Investors’ obligations hereunder to comply with all applicable securities
laws upon the sale of the Common Stock.


 


Article
IX


NOTICES;
INDEMNIFICATION


 


Section
9.1 NOTICES. 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, telegram, or
e-mail 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 e-mail at the address 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.


 






    	 	- 20 -	 



    	 



    

 


The
addresses for such communications shall be:


 


If
to the Company:


 


CAPITAL
PARK HOLDINGS CORP.


8117
Preston Road, Suite 300


Dallas,
Texas 75225


Email:
eric.blue@capitalpark.net


Attention:
Eric Blue, CEO


 


with
a copy to (that shall not constitute notice)


 


Locke
Lord LLP


2200
Ross Avenue, Suite 2800


Dallas,
Texas 75201


Email:
Neil.Rajan@lockelord.com


MEarley@lockelord.com


Attention:
Neil Rajan and Michelle Earley


 


If
to the Investors:


 


Oasis
Capital, LLC


208
Ponce de Leon Ave, Suite 1600


San
Juan, PR 00918


E-mail:
adam@oasis-cap.com


Attention:
Adam Long, Managing Partner


 


with
a copy to (that shall not constitute notice)


 


K&L
Gates LLP


200
S. Biscayne Blvd., Suite 3900


Miami,
FL 33131


E-mail:
john.owens@klgates.com


Attention:
John D. Owens, III, Esq.


 


SBI
INVESTMENTS LLC, 2014-1


107
Grand Street, 7th floor


New
York, NY 10013


E-mail:
jjuchno@seaotterglobal.com


Attention:
Jonathan Juchno, Principal


Phone:
646.762.9974


 


with
a copy to (that shall not constitute notice)


 


K&L
Gates LLP


200
S. Biscayne Blvd., Suite 3900


Miami,
FL 33131


E-mail:
john.owens@klgates.com


Attention:
John D. Owens, III, Esq.


 


Any
party hereto may from time to time change its address or e-mail for notices under this Section 9.1 by giving at least ten
(10) days’ prior written notice of such changed address to the other parties hereto.


 






    	 	- 21 -	 



    	 



    

 


Section
9.2 INDEMNIFICATION. Each party hereto
(an “Indemnifying Party”) agrees to indemnify and hold harmless the other parties along with their officers,
directors, employees, and authorized agents and representatives, 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 or the rules and regulations thereunder (an
“Indemnified Party”) from and against any and all Damages, joint or several, and any and all actions 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 the Indemnifying Party
contained in this Agreement, (ii) any untrue statement or alleged untrue statement of a material fact contained in the Registration
Statement, any registration statement pursuant to the Registration Rights Agreement 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 the Indemnified Party’s negligence, recklessness, fraud, willful misconduct 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 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).


 


Section
9.3 METHOD OF ASSERTING INDEMNIFICATION CLAIMS.
All claims for indemnification by any Indemnified Party 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 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.


 






    	 	- 22 -	 



    	 



    

 


(i)
If 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 Party, 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 takeover 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.


 


(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 this
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.


 






    	 	- 23 -	 



    	 



    

 

















(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 on demand. If the Indemnifying
Party has timely disputed its liability or the amount of its liability with respect to such Third Party 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 on 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.


 


(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. This Agreement shall
be governed by and interpreted in accordance with the laws of the State of Delaware without regard to the principles of conflicts
of law (whether of the State of Delaware or any other jurisdiction).


 


Section
10.2 ARBITRATION. Any disputes, claims,
or controversies arising out of or relating to the Transaction Documents, or the transactions, contemplated thereby, or the breach,
termination, enforcement, interpretation or validity thereof, including the determination of the scope or applicability of this
Agreement to arbitrate, shall be referred to and resolved solely and exclusively by binding arbitration to be conducted before
the Judicial Arbitration and Mediation Service (“JAMS” ), or its successor pursuant the expedited procedures
set forth in the JAMS Comprehensive Arbitration Rules and Procedures (the “Rules” ), including Rules 16.1 and
16.2 of those Rules. The arbitration shall be held in New York, New York, before a tribunal consisting of three (3) arbitrators
each of whom will be selected in accordance with the “strike and rank” methodology set forth in Rule 15. Any party
to this Agreement may, without waiving any remedy under this Agreement, seek from any federal or state court sitting in the State
of New York any interim or provisional relief that is necessary to protect the rights or property of that party, pending the establishment
of the arbitral tribunal. The costs and expenses of such arbitration shall be paid by and be the sole responsibility of the Company,
including but not limited to the Investors’ attorneys’ fees and each arbitrator’s fees. The arbitrators’
decision must set forth a reasoned basis for any award of damages or finding of liability. The arbitrators’ decision and
award will be made and delivered as soon as reasonably possibly and in any case within sixty (60) days’ following the conclusion
of the arbitration hearing and shall be final and binding on the parties and may be entered by any court having jurisdiction thereof.


 






    	 	- 24 -	 



    	 



    

 


Section
10.3 JURY TRIAL WAIVER. THE COMPANY
AND EACH INVESTOR HEREBY WAIVE A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY ANY OF THE PARTIES HERETO
AGAINST ANOTHER IN RESPECT OF ANY MATTER ARISING OUT OF OR IN CONNECTION WITH THE TRANSACTION DOCUMENTS.


 


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


 


Section
10.5 NO THIRD PARTY BENEFICIARIES. This
Agreement is intended for the benefit of the Company and the Investors and their respective successors, and is not for the benefit
of, nor may any provision hereof be enforced by, any other Person, except as set forth in Article IX.


 


Section
10.6 TERMINATION. The Company may terminate
this Agreement at any time by written notice to the Investors, except while any Investor holds any of the Put Shares. In addition,
this Agreement shall automatically terminate on the earlier of (i) the end of the Commitment Period; (ii) the date that the Company
sells and the Investors purchase the Maximum Commitment Amount; (iii) the date in which the Registration Statement is no longer
effective, or (iv) the date that, pursuant to or within the meaning of any Bankruptcy Law, the Company commences a voluntary case
or any Person commences a proceeding against the Company, a Custodian is appointed for the Company or for all or substantially
all of its property or the Company makes a general assignment for the benefit of its creditors; provided, however,
that the provisions of Articles III, IV, V, VI, IX and the agreements and covenants of the Company and the Investors set
forth in Article X shall survive the termination of this Agreement for the maximum length of time allowed under applicable
law.


 


Section
10.7 ENTIRE AGREEMENT. The Transaction
Documents, together with the exhibits and schedules thereto, contain the entire understanding of the Company and the Investors
with respect to the matters covered herein and therein and supersede all prior agreements and understandings, oral or written,
with respect to such matters, which the parties acknowledge have been merged into such documents, exhibits and schedules.


 


Section
10.8 FEES AND EXPENSES. Except as expressly
set forth in the Transaction Documents or any other writing to the contrary, each party shall pay the fees and expenses of its
advisers, counsel, accountants and other experts, if any, and all other expenses incurred by such party incident to the negotiation,
preparation, execution, delivery and performance of this Agreement. The Company shall pay all Transfer Agent fees, stamp taxes
and other taxes and duties levied in connection with the delivery of any Securities to the Investors. The Investors shall withhold
$25,000.00 from the Investment Amount with respect to the first Put under this Agreement for reimbursement of the Investors’
legal fees relating to the preparation of the Transaction Documents.


 






    	 	- 25 -	 



    	 



    

 


Section
10.9 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 e-mail of a copy
of this Agreement bearing the signature of the parties so delivering this Agreement.


 


Section
10.10 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
10.11 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
10.12 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 10.13 EQUITABLE RELIEF.
The Company acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the Investors by vitiating
the intent and purpose of the transaction contemplated hereby. Accordingly, the Company acknowledges that the remedy at law for
a breach of its obligations under this Agreement will be inadequate and agrees, in the event of a breach or threatened breach
by the Company of the provisions of this Agreement, that the Investors shall be entitled, in addition to all other available remedies
at law or in equity, and in addition to the penalties assessable herein, to an injunction or injunctions restraining, preventing
or curing any breach of this Agreement and to enforce specifically the terms and provisions hereof, without the necessity of showing
economic loss and without any bond or other security being required.


 


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


 


Section
10.15 AMENDMENTS; WAIVERS. No provision
of this Agreement may be amended or waived by the parties from and after the date that is one (1) Trading Day immediately preceding
the initial filing of the Registration Statement with the SEC. Subject to the immediately preceding sentence, (i) no provision
of this Agreement may be amended other than by a written instrument signed by both parties hereto and (ii) no provision of this
Agreement may be waived other than in a written instrument signed by the party against whom enforcement of such waiver is sought.
No failure or delay in the exercise of any power, right or privilege hereunder shall operate as a waiver thereof, nor shall any
single or partial exercise of any such power, right or privilege preclude other or further exercise thereof or of any other right,
power or privilege.


 


Section
10.16 PUBLICITY. The Company and the Investors
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, other than as
required by law, 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 party with prior notice of such public statement. Notwithstanding the foregoing, the Company shall not
publicly disclose the name of any Investor without the prior written consent of the Investor, except to the extent required by
law. Each 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. Each
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.


 


**
Signature Page Follows **


 




    	 	- 26 -	 



    	 



    

 


IN
WITNESS WHEREOF, the parties have caused this Agreement to be duly executed by their respective officers thereunto duly authorized
as of the Execution Date.


 


	 	CAPITAL PARK HOLDINGS CORP.
	 	 	 
	 	By:	 
	 	Name:
    	Eric
    Blue
	 	Title:
	Chief
    Executive Officer
	 	 	 
	 	OASIS CAPITAL, LLC
	 	 	 
	 	By:	
	 	Name:	Adam
    Long
	 	Title:	Managing
    Partner
	 	 	 
	 	SBI INVESTMENTS LLC, 2014-1
	 	 	 
	 	By:
	 
	 	Name:	Jonathan
    Juchno 
	 	Title:
	Principal


 


**
Signature Page to Equity Purchase Agreement **


 




    	 	 	 



    	 



    

 





EXHIBIT
A


 


FORM
OF PUT NOTICE


 


TO:
[OASIS CAPITAL, LLC] [SBI INVESTMENTS LLC, 2014-1]


 


DATE:
                                              


 


We
refer to the Equity Purchase Agreement, dated October 24, 2019 (the “Agreement”), entered into by and between
CAPITAL PARK HOLDINGS CORP. and you. Capitalized terms defined in the Agreement shall, unless otherwise defined herein, have the
same meaning when used herein.


 


We
hereby:


 


1)
Give you notice that we require you to purchase ____________ Put Shares; and


 


2)
The purchase price per share, pursuant to the terms of the Agreement, is ______________; and


 


3)
Certify that, as of the date hereof, the conditions set forth in Section 7.2 of the Agreement are satisfied.


 


	 	CAPITAL PARK HOLDINGS CORP.
	 	 	 
	 	By:
    	 
	 	Name:	Eric
    Blue
	 	Title:
	Chief
    Executive Officer





 




    	 	 	 



    	 



    

 





EXHIBIT
B


 


FORM
OF OFFICER’S CERTIFICATE


OF
CAPITAL PARK HOLDINGS CORP.


 


Pursuant
to Section 7.2(k) of that certain equity purchase agreement, dated October 24, 2019 (the “Agreement”),
by and between CAPITAL PARK HOLDINGS CORP. (the “Company”) and the “Investors” named therein, the
undersigned, in his capacity as Chief Executive Officer of 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 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 the Investor;
and


 


2.
All of the conditions precedent to the obligation of the Investor to purchase Put Shares set forth in the Agreement, including
but not limited to 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 as of [ _ ], 2019.


 


	 	By:	
	 	Name:	Eric
    Blue 
	 	Title:	Chief
    Executive Officer


 




    	 	 	 



    	 



    

 





EXHIBIT
C


 


FORM
OF TRANSFER AGENT


INSTRUCTION
LETTER


 




    	 	 	 



    	 



    

 


EXHIBIT
D


 


FORM
OF REGISTRATION RIGHTS AGREEMENT


 




    	 	 	 



    	 



    

 





EXHIBIT
E


 


PREFERRED
STOCK COD


 




    	 	 	 



    	 



    

 


DISCLOSURE
SCHEDULES