# EDGAR Filing Document

**Accession Number:** 0001644488
**File Stem:** 0001493152-23-009785
**Filing Date:** 2023-3
**Character Count:** 25934
**Document Hash:** 5fd72de62abd03911808bbc656ce85dc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-009785.hdr.sgml**: 20230330

**ACCESSION NUMBER**: 0001493152-23-009785

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20230324

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Termination of a Material Definitive Agreement

**ITEM INFORMATION**: Unregistered Sales of Equity Securities

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230330

**DATE AS OF CHANGE**: 20230330

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SHARING SERVICES GLOBAL Corp
- **CENTRAL INDEX KEY:** 0001644488
- **STANDARD INDUSTRIAL CLASSIFICATION:** WHOLESALE-DRUGS PROPRIETARIES & DRUGGISTS' SUNDRIES [5122]
- **IRS NUMBER:** 300869786
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-55997
- **FILM NUMBER:** 23781237

**BUSINESS ADDRESS:**
- **STREET 1:** 5200 TENNYSON PKWY #400
- **CITY:** PLANO
- **STATE:** TX
- **ZIP:** 75024
- **BUSINESS PHONE:** 714-203-6717

**MAIL ADDRESS:**
- **STREET 1:** 5200 TENNYSON PKWY #400
- **CITY:** PLANO
- **STATE:** TX
- **ZIP:** 75024

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Sharing Services, Inc.
- **DATE OF NAME CHANGE:** 20190124

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Sharing Services Global Corporation.
- **DATE OF NAME CHANGE:** 20190124

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Sharing Services, Inc.
- **DATE OF NAME CHANGE:** 20150609

?xml version="1.0" encoding="utf-8"?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K**

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) of the

SECURITIES EXCHANGE ACT OF 1934

**<u>March 24, 2023</u>**

Date of Report (Date of Earliest event reported)

**<u>SHARING SERVICES GLOBAL CORPORATION</u>**

(Exact Name of Registrant as Specified in Charter)

---

| | | |
|:---|:---|:---|
| **Nevada** | **000-55997** | **30-0869786** |
| (State or other Jurisdiction<br> of incorporation) | (Commission<br> File Number) | (IRS Employer<br> Identification No.) |

---

**5200 Tennyson Parkway, Suite 400, Plano, Texas**

(Address of principal executive offices)

---

| | |
|:---|:---|
| Registrant's telephone number, including area code: | **(469)-304-9400** |

---

(Former Name or Former Address, If Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13c-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange in which registered |
| N/A | N/A | N/A |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (/Section 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (Section 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 1.01. Entry into a Definitive Material Agreement.**

As previously reported on the Current Report on Form 8-K that was filed with the Securities and Exchange Commission (the "SEC") on July 24, 2020, on July 22, 2020 Sharing Services Global Corporation (the "Company") and Chan Heng Fai Ambrose ("Mr. Chan"), entered into a Stock Purchase and Share Subscription Agreement (the "SPSS Agreement") pursuant to which Mr. Chan agreed to invest $3,000,000 in the Company in exchange for 30,000,000 shares of the Company's Class A Common Stock and a fully vested Stock Warrant to purchase up to 10,000,000 shares of the Company's Class A common stock at an exercise price of $0.20 per share. Simultaneously with the SPA Agreement, Mr. Chan and DSS, Inc. ("DSS"), entered into an Assignment and Assumption Agreement pursuant to which Mr. Chan assigned to DSS all interests in the SPA Agreement (the "Assigned Warrants").

As previously reported on the Current Report on Form 8-K that was filed with the SEC on January 27, 2022, the Company and DSS entered into a one-year business consulting agreement (the "Consulting Agreement"). Pursuant to the Consulting Agreement, the Company agreed to pay DSS sixty thousand dollars ($60,000) a month and issue a warrant exercisable for fifty million (50,000,000) shares of Class A Common Stock (the "Service Warrants").

As previously reported on the Annual Report on Form 10-K that was filed with the SEC on June 21, 2022, on June 15, 2022 (the "Issuance Date"), the Company and Decentralized Sharing Systems, Inc. ("DSSI"), entered into a securities purchase agreement (the "DSSI SPA") pursuant to which the Company agreed to issue to DSSI: (a) a two-year Convertible, Advancing Promissory Note in the principal amount of $27.0 million (the "2022 Note") in favor of DSSI and (b) a detachable Warrant to purchase up to 818,181,819 shares of the Company's Class A Common Stock at the exercise price of $0.033 per share (the "DSSI Warrants"). The 2022 Note bears interest at the annual rate of 8% and is due and payable on demand or, if no demand, on May 1, 2024. At any time during the term of the 2022 Note, all or part of the Note could be converted into up to 818,181,819 shares of the Company's Class A Common Stock, at the option of the holder. Under the terms of the term sheet, the Company agreed to pay to DSSI a loan origination fee of $270,000, payable in shares of the Company's Class A Common Stock or in cash, at the Company's option. In addition, pursuant to the letter of intent, DSSI agreed to surrender to the Company all DSSI's rights pursuant to (a) a certain Convertible Promissory Note in the principal amount of $30.0 million issued in April 2021 in favor of DSSI, and (b) a certain detachable Warrant to purchase up to 150,000,000 shares of the Company's Class A Common Stock, at $0.22 per share issued concurrently with such $30.0 million note.

On March 24, 2023, the Company, DSS and DSSI, entered into a Securities Exchange and Amendment Agreement (the "Agreement"). Pursuant to the Agreement, the parties decided to:

&nbsp;&nbsp;&nbsp;&nbsp;1. exchange
 and surrender the Assigned Warrants;

&nbsp;&nbsp;&nbsp;&nbsp;2. exchange
 and surrender the Service Warrants;

&nbsp;&nbsp;&nbsp;&nbsp;3. exchange
 and surrender the DSSI Warrants; and

&nbsp;&nbsp;&nbsp;&nbsp;4. amend
 the 2022 Note by removing all conversion rights granted by the 2022 Note.

In accordance with the Agreement, the Company agreed to issue 25,000,000 shares of the Company's Class A Common Stock in full satisfaction, exchange and payment for the exchanges and amendments set forth in the Agreement.

The information set forth above is qualified in its entirety by reference to the SPSS Agreement, the Consulting Agreement, the DSSI SPA, the 2022 Note and the Agreement, attached hereto as Exhibit 10.1, 10.2, 10.3, 10.4, and 10.5, each of which are incorporated herein by reference.

**Item 1.02 Termination of a Material Definitive Agreement.**

The disclosures set forth in Item 1.01 above is incorporated by reference into this Item 1.02.

**Item 3.02 Unregistered Sales of Equity Securities.**

The disclosures set forth in Item 1.01 above is incorporated by reference into this Item 3.02.

**Item 9.01 Financial Statements and Exhibits.**

(d) Exhibits

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| 10.1 | [Stock Purchase and Share Subscription Agreement dated July 22, 2020, by and between Sharing Services Global Corporation and Chan Heng Fai Ambrose (incorporated by reference to Exhibit 1.1 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on July 24, 2020)](https://www.sec.gov/Archives/edgar/data/1644488/000149315220013958/ex1-1.htm) |
| 10.2 | [Business Consulting Agreement dated January 24, 2022, by and between Sharing Services Global Corporation and DSS, Inc. (incorporated by reference to Exhibit 1.1 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on January 27, 2022)](https://www.sec.gov/Archives/edgar/data/1644488/000149315222002438/ex1-1.htm) |
| 10.3 | [Securities Purchase Agreement dated June 2022, by and between Sharing Services Global Corporation and Decentralized Sharing Systems, Inc. (incorporated by reference to Exhibit 10.9 to the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on June 21, 2022)](https://www.sec.gov/Archives/edgar/data/1644488/000149315222017240/ex10-9.htm) |
| 10.4 | [Secured Advancing Promissory Note issued by the Company in favor of Decentralized Sharing Systems, Inc., in June 2022 (incorporated by reference to Exhibit 4.8 to the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on June 21, 2022)](https://www.sec.gov/Archives/edgar/data/1644488/000149315222017240/ex4-8.htm) |
| 10.5 | [Securities Exchange and Amendment Agreement dated March 24, 2023, by and between Sharing Services Global Corporation, DSS, Inc., and Decentralized Sharing Systems, Inc.\*](ex10-5.htm) |
| <br> 104 | <br> Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

\*Included herewith

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| Date: March 30, 2023 | **SHARING SERVICES GLOBAL CORPORATION** | **SHARING SERVICES GLOBAL CORPORATION** |
|  | By: | */s/ John Thatch* |
|  | Name: | John Thatch |
|  | Title: | Chief Executive Officer and<br> Vice Chairman of the Board of Directors |

---

## Exhibit 10.5

**Exhibit 10.5**

**SECURITIES EXCHANGE AND AMENDMENT AGREEMENT**

THIS SECURITIES EXCHANGE AND AMENDMENT AGREEMENT (the "Agreement"), dated March 24, 2023, is made by and between Sharing Services Global Corporation, a Nevada corporation ("Company"), and the holders of Securities (as set forth on <u>Schedule A</u> attached hereto) signatories hereto (each a "Holder" and collectively the "Holders").

WHEREAS, DSS Inc, is the owner of 60,000,000 warrants (the "DSS Warrants") and Decentralized Sharing Systems, Inc. ("DSSI") is the owner of 818,181,819 warrants (the "DSSI Warrants" and together with the DSSI Warrants the "Securities"), which DSS Warrants and the DSSI Warrants were issued by the Company;

WHEREAS, the Holders purchased from the Company the Securities to purchase shares of the Company's Series A common stock ("Common Stock"), as set forth on <u>Schedule A</u> attached hereto;

WHERAS, Decentralized Sharing Systems, Inc. is the owner and holder of a Secured Convertible Promissory Note dated June 2022, for a principal amount of $27,000,000, which Note was issued pursuant to that certain securities purchase agreement by and between the Company and DSSI (the "Note") ;

WHEREAS, subject to the terms and conditions set forth in this Agreement the Company and the Holder have agreed that the Securities thus issued shall be cancelled and the Note amended, as applicable, and that the Company shall issue and the Holder shall receive shares of Common Stock as set forth on <u>Schedule A</u> attached hereto (the "Exchange Shares") in exchange for the transactions contemplated herein.

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 Holder agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Terms of the Exchange and Cancellation.</u> The Company and Holders agree that on the Closing Date, the Holders will convey, assign, transfer and surrenders the respective Securities to the Company, and in exchange, the company shall cancel or amend the Securities, as applicable, and issue the Exchange Shares to the Holders, without the payment of any exercise price thereof. The Holder shall hereby relinquish any and all other rights, title and interest that he may have under the Securities (including any claims the Holder may have against the Company related thereto) and assigns the same to the Company, for the Exchange Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Amendments to the Note</u>, The Company and DSSI agree that on the Closing Date the Note shall be amended such that any rights granted to DSSI under the Note for conversion into shares of Common Stock of the Company, including but not limited to the Recitals, Section 3 of the Note in its entirety, and Section 7 of the Note in its entirety, shall be deleted (the "Amendment"). It is further agreed that the Note, and any agreements thereof, shall remain in full force and effect, except as Amended by this Agreement, and such Amendment shall come into force on the Closing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Closing</u>. Upon satisfaction of the conditions set forth herein, a closing shall occur at the principal offices of the Company, or such other location, and on such date as the parties shall mutually agree ("Closing" and such date the "Closing Date"). At Closing, the Holders shall deliver certificates representing the Securities to the Company and the Company shall deliver to such Holder a certificate evidencing the Exchange Shares, in the name(s) and amount(s) as indicated on <u>Schedule A</u> annexed hereto. Upon closing, any and all obligations of the Company to the Holders as per the Securities shall be fully satisfied (including any related rights under such agreements as may have been entered into for the purchase and sale of the Securities), the certificates evidencing the Securities shall be cancelled and the Holders will have no remaining rights, powers, privileges, remedies or interests under the Securities. On Closing, the Securities shall hereby be deemed cancelled or amended, as applicable, and of no further force and effect, effective immediately, and shall hereafter represent only the right to receive the Exchange Shares set forth next to such Security on <u>Schedule A</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Further Assurances</u>. 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 any 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Representations and Warranties of the Holder</u>. Each Holder, jointly and severally, represents and warrants as of the date hereof and as of the Closing to the Company as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. it
 is duly organized and validly existing and in good standing under the laws of the jurisdiction
 of its organization,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. it
 has the requisite power and authority to enter into this Agreement and perform its obligations
 hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. this
 Agreement has been duly authorized, executed and delivered by it and constitutes a valid
 and binding obligation of the Holders, enforceable in accordance with its terms;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. it
 is not subject to or obligated under any provision of its charter or bylaws which would be
 breached or violated by the execution, delivery and performance by the Holder of this Agreement
 and the consummation of the transactions contemplated hereby;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. the
 Holder is the registered owner of the Securities and possesses good title thereto, free and
 clear of all liens, charges and encumbrances;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. the
 Holder has been furnished with all the information it deems necessary or desirable to evaluate
 the merits and risks of cancelling or exchanging the Securities as provided herein, and has
 been given the opportunity to ask questions of and receive answers from the representatives
 of the Company with respect to this Agreement and the transactions contemplated hereby; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. the
 Holder is financially sophisticated and able to evaluate the risks and merits of this transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Representations and Warranties of the Company</u>. The Company hereby makes the following representations and warranties to the Holders:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. it
 is duly organized and validly existing and in good standing under the laws of the jurisdiction
 of its organization;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. it
 has the requisite power and authority to enter into this Agreement and perform its obligations
 hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. this
 Agreement has been duly authorized, executed and delivered by the Company and constitutes
 a valid and binding obligation of the Company, enforceable in accordance with its terms;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. it
 is not subject to or obligated under any provision of its charter or bylaws which would be
 breached or violated by the execution, delivery and performance by the Company of this Agreement
 and the consummation of the transactions contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Additional Acknowledgments</u>. The Holders and the Company confirm that the Company has not received any consideration for the transactions contemplated by this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Registration Rights</u>. The Holder waives any rights the Holder may have had with respect to registration of the Securities under the Securities Act and confirms that the Company is under no obligation to register the Exchange Shares pursuant to the Securities Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8. <u>Miscellaneous.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. <u>Successors and Assigns</u>. This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. <u>Governing Law; Jurisdiction; Waiver of Jury Trial</u>. This Agreement shall be governed by and construed under the laws of the State of Texas without regard to the choice of law principles thereof. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the State of Texas for the adjudication of any dispute hereunder or in connection herewith or therewith or with any transaction contemplated hereby or thereby, and hereby irrevocably waives any objection that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. <u>Severability</u>. If any provision of this Agreement shall be invalid or unenforceable in any jurisdiction, such invalidity or unenforceability shall not affect the validity or enforceability of the remainder of this Agreement in that jurisdiction or the validity or enforceability of any provision of this Agreement in any other jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. <u>Counterparts/Execution</u>. This Agreement may be executed in two or more identical counterparts, all of which shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party. In the event that any signature is delivered by facsimile transmission or by an e-mail which contains an electronic file of an executed signature page, such signature page shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or electronic file signature page (as the case may be) were an original thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. <u>Notices</u>. Any notice or communication permitted or required hereunder shall be in writing and shall be deemed sufficiently given if hand-delivered or sent (i) postage prepaid by registered mail, return receipt requested, or (ii) by facsimile, to the respective parties as set forth below, or to such other address as either party may notify the other in writing.

---

| | |
|:---|:---|
| If to the Company, to: | Sharing Services Global Corporation |
|  | 5200 Tennyson Parkway, Suite 400 |
|  | Plano, Texas 75024 |
|  | Attention: John "JT" Thatch, Chief Executive Officer |

---

If to Holder, to the address set forth on the signature page of the Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. <u>Expenses</u>. The parties hereto shall pay their own costs and expenses in connection herewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. <u>Entire Agreement; Amendments</u>. This Agreement constitutes the entire agreement between the parties with regard to the subject matter hereof and thereof, superseding all prior agreements or understandings, whether written or oral, between or among the parties. This Agreement may be amended, modified, superseded, cancelled, renewed or extended, and the terms and conditions hereof may be waived, only by a written instrument signed by all parties, or, in the case of a waiver, by the party waiving compliance. Except as expressly stated herein, no delay on the part of any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any waiver on the part of any party of any right, power or privilege hereunder preclude any other or future exercise of any other right, power or privilege hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. <u>Headings</u>. The headings used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement.

[Signature Pages Follow]

IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed as of the day and year first above written.

---

| | |
|:---|:---|
| **SHARING SERVICES GLOBAL CORPORATION** | **SHARING SERVICES GLOBAL CORPORATION** |
| By: |  |
| Name: | John 'JT' Thatch |
| Title: | Chief Executive Officer |
| **<u>HOLDERS:</u>** | **<u>HOLDERS:</u>** |
| **DSS INC.** | **DSS INC.** |
| By: |  |

---

Address for Notices:

Address for delivery of the Exchange Shares:

---

| |
|:---|
| **DECENTRALIZED SHARING SYSTEMS, INC.** |
| By: |

---

Address for Notices:

Address for delivery of the Exchange Shares:

**<u>Schedule A</u>**

All Parties to this Agreement agree that the issuance of the Exchange Shares to DSS, Inc. is in complete satisfaction of any and all amounts due to the Parties, such amounts being as indicated in the table below:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Security issued to** | **Form of Security** | **Shares of Common Stock Issuable upon exercise or conversion** | **%** | **Number of Exchange Shares\*\*** |
| DSS, Inc. | Warrants | 60000000 | 2.77% | 693194 |
| Decentralized Sharing Systems, Inc. | Warrants | 818181819 | 37.81% | 9452647 |
| Decentralized Sharing Systems, Inc. | Conversion feature of the $27,000,000 Promissory Note | 1285714286 | 59.42% | 14854159 |
| **TOTAL** |  | 2163896105 | 100% | 25000000 |

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\*\* being the indicative number of Exchange Shares to be issued to each such Party for the transactions contemplated in this Agreement