Document:

EXHIBIT 10.1

 

SUPPLY AGREEMENT

 

THIS SUPPLY AGREEMENT is made as
of March 1, 2010 between MAMAMANCINI’S LLC, a New Jersey limited liability company having its principal offices at 627 Inwood
Lane, South Orange, NJ 07079 (“MamaMancini’s”), and Joseph Epstein Foods, Inc. D/B/A Hors D’oeuvres Unlimited,
a New Jersey corporation having a mailing address at 25 Branca Rd #B, East Rutherford, NJ 07073 (“HDU”).

 

Background

 

MamaMancini’s desires that
HDU manufacture a line of beef meatballs with sauce, Italian sausage with sauce and other similar Italian meats with sauces for
commercial distribution and sale (each a “Product” and collectively the “Products”), and sell the Products
to MamaMancini’s on an exclusive basis, and HDU desires so to manufacture and sell the Products, upon the terms and conditions
set forth below.

 

The parties hereby agree as follows:

 

1.     Appointment.

 

(a)      Grant.
Upon the terms and conditions hereof, MamaMancini’s grants to HDU a license, revocable in accordance herewith, to use MamaMancini’s’s
recipes, formulas methods and ingredients for the preparation and production of Products for manufacturing the Product and all
future improvements, modifications, substitutions and replacements developed by MamaMancini’s therefor (collectively, the
“Recipes”) which the parties acknowledge is a valuable trade secret, and HDU hereby accepts such grant. HDU hereby
agrees to manufacture the Products for, and sell the Product to, MamaMancini’s and hereby grants unto MamaMancini’s,
the exclusive right to purchase the Product.

 

(b)     Term.
The term of this Agreement shall commence on the date hereof and shall continue until 11:59 P.M., February 28, 2015, and thereafter
for successive additional periods of one (1) year each, unless and until terminated as of the expiration of the initial or any
subsequent renewal term by either party upon written notice given to the other party at least nine (9) months prior to such termination
date.

 

2.     Rights
and Obligations of the Parties.

 

(a)      Manufacture
of Products. HDU agrees to manufacture, package, and store the Products under the conditions and in accordance with
the principles and practices according to the standards of the trade, and consistent with all applicable laws and regulations
including without limitation, regulations of the United States Department of Agriculture (“USDA”). HDU shall ensure
that the quality, materials and generally the characteristics of the Product (including, without limitation, taste, texture, color
and overall appearance) are substantially similar to the Products previously supplied by HDU to, and approved by, MamaMancini’s.
HDU shall maintain a quality assurance team which shall oversee production of the Product. Not less frequently than annually,
HDU shall engage NSF-Cook & Thurber, or another independent third party expert acceptable to both HDU and MamaMancini’s,
to conduct a process-based food safety and quality audit to determine whether HDU has appropriately designed systems that are
being operated under continual control to assure product safety, quality, and consistency; and shall take any corrective actions
required by such audit. HDU agrees to manufacture and package the Product itself, solely through its own employees, and shall
not be permitted to delegate or sub license all or any part of such manufacture or packaging without the prior written consent
of MamaMancini’s.

 

    	 

    	 

    

  

(b)     Product
Expense. Except as otherwise provided below, any and all costs and expenses, direct and indirect, attributable to the
manufacture, packaging, and storage of the Product shall be the sole responsibility and obligation of HDU which shall in no event
be entitled to claim or receive reimbursement or indemnity from MamaMancini’s in connection therewith. If MamaMancini’s
specifies any change in packaging or shipping materials which results in HDU incurring increased expense for packaging and shipping
materials or in HDU being unable to utilize obsolete packaging or shipping materials in ordinary packaging or shipping, MamaMancini’s
agrees to pay as additional product cost the additional cost for packaging and shipping materials and to purchase at cost such
obsolete packaging and shipping materials. If MamaMancini’s requests any repackaging of the Product, other than due to defects
in the original packaging, MamaMancini’s will reimburse HDU for any labor costs incurred in repackaging.

 

(c)     Orders
for and Supply of Product. HDU agrees to manufacture and sell to MamaMancini’s such quantity of the Product as
MamaMancini’s may at any time and from time to time order in writing from HDU during the term hereof, up to HDU’s
capacity, and agrees to supply MamaMancini’s with the same.

 

(1)     Purchase
Orders. MamaMancini’s agrees to place written Purchase Orders for each delivery of Product including deliveries
orally requested by MamaMancini’s. HDU shall not be deemed to have received an order until actual receipt by it of the written
Purchase Order. If a Purchase Order exceeds HDU’s capacity, HDU shall so notify MamaMancini’s within three (3) business
days following receipt by HDU of such Purchase Order. Such notice shall include the date on which HDU is able to fill such Purchase
Order. Within three (3) business days following receipt by MamaMancini’s of such notice, MamaMancini’s may revoke
any portion of the Purchase Order that HDU is unable to deliver in accordance the terms thereof. Any portion of such Purchase
Order which MamaMancini’s does not so revoke shall be deemed modified for delivery on the date specified by HDU in such
notice.

 

(2)     Delivery.
Subject to the foregoing paragraph, HDU shall deliver Product within twenty one (21) days after its receipt of a written Purchase
Order for delivery from MamaMancini’s, or on such later date as may be specified in the Purchase Order. The Product shall
be delivered by HDU for shipment to, and in accordance with the shipping instructions and at the expense of, MamaMancini’s,
F.O.B. HDU’s premises. Notwithstanding the foregoing if any outstanding invoices from HDU to MamaMancini’s are past
due, HDU may suspend shipment to MamaMancini’s until payments are brought current.

 

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(d)     Marketing
of Product. MamaMancini’s shall market the Product, to such extent and in such manner as determined by MamaMancini’s
in its sole discretion, and at its own cost and expense.

 

(e)      Insurance.
HDU agrees to obtain and maintain in effect throughout the term of this Agreement products liability insurance with aggregate
limits of One Million Dollars ($ 1,000,000) and a commercial umbrella policy with limits of Five Million Dollars ($5,000,000)
in the aggregate. As long as HDU is able to do so, HDU shall include MamaMancini’s as an insured under such policies. Premiums
for the products liability insurance shall be allocated between HDU and MamaMancini’s on a pro-rata basis, based on each
of their respective gross sales (excluding inter-company sales); and premiums for the umbrella policy shall be shared equally
between HDU and MamaMancini’s. If HDU is not able to include Mamamancini’s as an insured under its policies, HDU shall
name MamaMancini’s as an additional insured to the extent its interest may appear. HDU shall cause MamaMancini’s to
be given advance written notice of any cancellation of such insurance. If HDU is not able to include Mamamancini’s as an
insured under its policies, MamaMancini’s agrees to obtain and maintain in effect throughout the term of this Agreement
a general liability insurance policy with limits of One Million Dollars ($1,000,000) and a commercial umbrella insurance policy
with limits of Five Million Dollars ($5,000,000); and to name HDU as an additional insured on said policies. MamaMancini’s
shall cause HDU to be given advance written notice of any cancellation of such insurance.

 

(f)      Second
Source of Product. MamaMancini’s shall then have the right to purchase Product from one or more other manufacturers,
distributors or suppliers.

 

3.     Pricing
and Payments.

 

(a)      Price.
The price to be paid by MamaMancini’s to HDU with respect to the Product throughout the term of this Agreement (including
any renewal or extension thereof) shall be $0.25 per pound, plus direct costs as agreed upon in advance and as set forth on Schedule
A, attached hereto and made a part hereof. Schedule A may be modified, as agreed to by the parties. Such modifications, if any,
shall be dated and signed by MamaMancini’s and HDU, and shall become effective on the date set forth therein which will
be not less than thirty (30) days following the execution thereof. If the parties are unable to agree to a modification, either
party may terminate this Agreement on 30 days written notice.

 

(b)      Net
Purchase Price; Taxes, etc. Any present or future sales, use, excise, or similar tax applicable to the sale of the
Products shall be paid by MamaMancini’s or, in lieu thereof, MamaMancini’s shall provide HDU with a tax exemption
certificate acceptable to the applicable taxing authorities.

 

(c)      Payment
Terms. HDU shall invoice MamaMancini’s for the purchase price respecting each shipment of the Product. Payment
terms shall be net ten (10) days.

 

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4.     Trademark,
Trade Names and Property Rights.

 

(a)      Use
of Trademarks and Trade Names. MamaMancini’s shall market the Product in the Territory under the trademark “MAMAMANCINI’S”
and/or such other trademark(s) and/or trade name(s) as MamaMancini’s shall from time to time deem desirable, whether or
not registered or registrable, copyrighted or copyrightable, in whole or in part, in all or any portion of the Territory (collectively,
the “MamaMancini’s Marks”).

 

(b)     Right
to Marks.

 

(1)      MamaMancini’s
Marks. All right, title and interest in and to the MamaMancini’s Marks shall be the sole and exclusive property
of MamaMancini’s, and HDU acknowledges that it has no property or other rights in or to the MamaMancini’s Marks, including,
without limitation, the right to use any of the MamaMancini’s Marks, either during or after the termination of this Agreement.
HDU agrees that if at any time it shall acquire or otherwise obtain (by agreement, operation of law or otherwise) any right, title
or interest in or to any of the MamaMancini’s Marks, it shall promptly notify MamaMancini’s of the facts and circumstances
thereof and, in any event, shall assign the same to MamaMancini’s for and in consideration of the sum of one dollar ($1.00).

 

(c)      Unlawful
Use of Marks. HDU agrees that it shall not, at any time during or after the term of this Agreement, directly or indirectly,
take any action to contest the validity of the MamaMancini’s Marks or otherwise interfere with MamaMancini’s’s
rights thereto or the goodwill represented thereby.

 

(d)      Infringement.
HDU agrees to promptly notify MamaMancini’s of any information which comes to its attention from any source (i) respecting
the infringement, imitation, illegal use or misuse of the MamaMancini’s Marks or the Product, or any attempt of the foregoing,
and (ii) that the use of the MamaMancini’s Marks or the marketing of the Product in the Territory may infringe the trademarks,
trade names, patents, designs or any other rights of third parties. MamaMancini’s agrees to indemnify, defend and hold harmless
HDU and all of its shareholders, officers, directors, employees and agents (collectively, “Related Parties”) from
and against all damages finally awarded against HDU and/or its Related Parties, and all reasonable expenses incurred by HDU and
its Related Parties, as the result of any claim that the marketing of the Product or use of the MamaMancini’s Marks in the
Territory infringes the trademarks, trade names, patents, designs or any other rights of third parties; provided,
however, that (i) MamaMancini’s
shall have the sole control of the defense of any such claim and all negotiations for its settlement and compromise (although
HDU may participate therein through counsel of its own choice and at its sole cost and expense) and (ii) HDU and its Related Parties
shall cooperate fully with MamaMancini’s in connection with such claim as herein provided.

 

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5.     Product
Warranty; Exclusive Warranty.

 

(a)      Product
Warranty. HDU warrants to MamaMancini’s that the Product sold to MamaMancini’s pursuant to this Agreement
will be of good quality and ingredients, free of defects, merchantable and acceptable according to the standards of the trade,
have a shelf life of twelve (12) months from the date of manufacture if properly handled and properly kept frozen, and will conform
to the specifications agreed upon by the parties. This warranty shall survive any inspection, delivery, acceptance, payment or
sale by MamaMancini’s, its employees or customers of the Product. In the event that any shipment (or part thereof) of the
Product sold to MamaMancini’s hereunder proves to be not in compliance with the foregoing warranty, then the same may be
rejected by MamaMancini’s at any time during the twenty (20) day period following its date of shipment, and delivered twenty
(20) days after its date of rejection to HDU at the expense and risk of HDU, and HDU shall, at the option of MamaMancini’s,
either (i) replace such shipment (or part thereof) and deliver the same, transportation charges prepaid, to MamaMancini’s
or (ii) give MamaMancini’s credit for said returned shipment (or part thereof) of the Product, plus transportation charges
paid thereon, if any, by MamaMancini’s.

 

(b)      Exclusive
Warranty. THE WARRANTY SET FORTH IN THIS PARAGRAPH 5 IS THE ONLY WARRANTY GIVEN BY HDU CONCERNING THE PRODUCT AND IS
EXPRESSLY IN LIEU OF ALL OTHER WARRANTIES, EXPRESS OR IMPLIED INCLUDING ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS FOR
A PARTICULAR PURPOSE.

 

6.     Confidentiality;
Non-Competition.

 

(a)      Confidentiality.
HDU covenants and agrees that it shall not (and shall use its best efforts to the utmost to ensure that its officers, directors,
employees and agents do not), at any time during the term of this Agreement or thereafter, in any manner, directly or indirectly,
reveal, divulge or make known to any person (other than its employees and agents with a “need to know”) or use for
its own account or for the benefit of any third party, the identity of MamaMancinr s’s customers or other customer information,
the terms and conditions of this Agreement, trade secrets or recipes (including the Recipe), and any other “know-how”
relating to the manufacture of the Product or any secret or confidential information used by MamaMancini’s or which relates
to MamaMancini’s’s business or affairs or the Product, which has been made known to HDU or come to the attention of
HDU, its officers, directors, employees and agents (collectively, “Confidential Information”). HDU and its officers,
directors, employees and agents shall retain all such Confidential Information in trust for the sole benefit of MamaMancini’s.

 

(b)      Non-Competition.
HDU covenants and agrees that it shall not (and shall use its best efforts to the utmost to ensure that its officers, directors,
employees and agents do not), (i) at any time during the term of this Agreement or thereafter, in any manner, directly or indirectly,
develop, manufacture, sell, distribute or otherwise market, any product using the Recipe or any other Confidential Information;
(iii) at any time during the term of this Agreement or for a period of two (2) years thereafter, in any manner, directly or indirectly,
develop, manufacture, sell, distribute or otherwise market, any product that competes directly with the Product in or from the
Territory. For purposes hereof, the Territory shall include the United States and export therefrom, directly or indirectly, to
any and all other geographic locations worldwide.

 

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(c)      Non-Solicitation.
MamaMancini’s and HDU each covenants and agrees that it shall not (and shall use its best efforts to the utmost to ensure
that its officers, directors, employees and agents do not), at any time during the term of this Agreement or for a period of two
(2) years thereafter solicit for employment or employ any employee (employed during the term of this Agreement) of the other provided,
however, that (i) general solicitations of employment published in a journal, newspaper or other publication of general circulation
and not specifically directed towards such employees, shall not be deemed to constitute a solicitation in violation of this Section;
and (ii) no party shall be prohibited from employing any such person, who contacts them on his or her own initiative and without
any solicitation.

 

(d)      Reasonableness.
MamaMancini’s and HDU each agrees and acknowledges that the duration, scope and geographic areas applicable to the covenants
described in this Section are fair, reasonable and necessary.

 

(e)      Injunctive
Relief; Expenses. The covenants respecting confidentiality, non-competition and non-solicitation are essential elements
hereof, the violation of which will cause irreparable injury to the non-breaching party, which may have no adequate remedy at
law. Accordingly, upon the violation or threatened violation thereof by either party, its officers, directors, employees or agents,
the non-breaching party shall have the right, in addition to any other rights or remedies it may have, to obtain in any court
of competent jurisdiction injunctive relief to restrain such violation or threatened violation or otherwise specifically enforce
any of the provisions of this Agreement. MamaMancini’s and HDU each agrees to reimburse the other for all costs and expenses,
including reasonable attorneys’ fees, incurred by it by reason of any breach or threatened breach of the covenants contained
in this Section 6.

 

(f)       MamaMancini’s
and HDU each shall require each of its officers, directors, employees and agents to execute an agreement to abide by the foregoing
provisions.

 

7.     Termination
Upon Bankruptcy.

 

Either party may, at its option, immediately
cancel this Agreement by giving written notice of such cancellation to the other party if:

 

(a)      the other
party shall (i) file a petition commencing a voluntary case under any chapter of Title 11 of the United States Code, (ii) make
a general assignment for the benefit of its creditors, (iii) admit in writing its inability to pay its debts as they mature, (iv)
file an application for, or consent to, the appointment of any receiver or a permanent or interim trustee of such party or of
all or any portion of its property, (v) file a petition seeking a reorganization of its financial affairs or to take advantage
of any bankruptcy, reorganization, insolvency, readjustment of debt, dissolution or liquidation law or statute, or an answer admitting
the material allegations of a petition filed against it in any proceeding under any such law or statute, or (vi) take any corporate
action for the purpose of effecting any of the foregoing; or

 

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(b)      with
respect to the other party (i) an involuntary case commenced against the other party by the filing of a petition under chapter
7 or chapter 11 of Title 11 of the United States Code and, within sixty (60) days after the filing thereof, either the petition
is not dismissed or an order for relief is entered therein, (ii) an order, judgment or decree is entered appointing a receiver
or a permanent or interim trustee of the other party or of all or any portion of its property and such order, judgment or decree
shall continue unstayed and in effect for a period of sixty (60) days, or (iii) an order, judgment or decree is entered, without
the approval or consent of the other party, approving or authorizing the reorganization, insolvency, readjustment of debt, dissolution
or liquidation of the other party under any law or statute, and such order, judgment or decree shall continue unstayed and in
effect for a period of sixty (60) days.

 

8.     Termination
upon Default.

 

It shall be an “event of default”
if, during the term of this Agreement, either party shall be in violation of any material provision of this Agreement. Whenever
an event of default shall occur and be continuing, the non-defaulting party may, at its option, give written notice thereof to
the defaulting party, whereupon the defaulting party shall have twenty (20) business days to correct any delinquency or violation.
If such delinquency or violation has not been corrected by the expiration of said twenty (20) day period, the non-defaulting party
may, upon further written notice to the defaulting party, terminate this Agreement or suspend its performance hereunder until
such delinquency or violation has been cured. The non-defaulting party’s right to enforce its rights hereunder shall be
in addition to, and not in substitution for, all other rights and remedies available to such party under this Agreement, by operation
of law or otherwise.

 

9.     Consequences
of Termination.

 

(a)     Delivery
of Product. Upon termination of this Agreement for any reason, HDU shall immediately deliver to MamaMancini’s
any and all packaging materials, specifications and other material, documents and papers whatsoever sent by MamaMancini’s
to HDU relating to the business of MamaMancini’s or the manufacturing, marketing and distribution of the Product, and, except
as set forth below, any and all property of MamaMancini’s in HDU’s possession or under its control. The right of MamaMancini’s
to receive the aforementioned materials shall be absolute and unconditional, notwithstanding any claims which HDU may have or
assert against MamaMancini’s, whether arising under this Agreement, by reason of its termination or otherwise; provided,
however, that before delivery of such
materials HDU may demand payment of the balance, if any, of the aggregate amount owed by MamaMancini’s to HDU on account
of shipments of the Product previously delivered to and accepted by MamaMancini’s pursuant to this Agreement, less the aggregate
amount of any claims by MamaMancini’s on account of shipments of the Product in breach of the warranty contained in Paragraph
5 hereof. HDU shall also deliver to MamaMancini’s any of the Product manufactured by HDU for MamaMancini’s pursuant
to MamaMancini’s’s Purchase Order(s) before such termination, either on the dates specified by MamaMancini’s
in its Purchase Order(s) or as provided herein or, if MamaMancini’s so directs, immediately upon such termination; provided,
however, that if any order has not been
fully completed prior to such termination, MamaMancini’s shall have the option of canceling the order with respect to that
portion of the order not manufactured by HDU upon termination and shall not be required to accept any further amounts of the Product.
In addition, upon termination of this Agreement for any reason, MamaMancini’s shall have the option to purchase any or all
of the Product manufactured by HDU but not ordered by MamaMancini’s at the purchase price quoted with respect to the purchase
order next preceding such termination. Upon termination, MamaMancini’s shall reimburse HDU its actual cost for any boxes,
bags, and other packaging material utilized for the Product which are obsolete or specifically designed for the Product and returned
to MamaMancini’s. All payments for any of the Product, boxes, bags and other packaging materials delivered after termination
shall be C.O.D.

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(b)      Specific
Performance. In view of the imminent and irreparable harm to MamaMancini’s which would result from even a short
interruption in its supply of the Product, and the lack of an adequate remedy at law therefor, upon the violation or threatened
violation of HDU’s obligations under Section 9, MamaMancini’s shall have the right, in addition to any other rights
or remedies it may have, to obtain in any court of competent jurisdiction injunctive relief to compel HDU to deliver to MamaMancini’s
all of HDU’s inventory of Products and packaging materials therefor, or otherwise specifically enforce such provisions.

 

10.   Notices.

 

All notices, requests, demands, consents and
other communications required or permitted to be given or made under this Agreement shall be in writing and shall be deemed to
have been duly given or made when delivered in person or when received after dispatch by certified or registered mail, postage
prepaid, return receipt requested, to the parties hereto at their addresses first above set forth, or to such other address as
either party shall hereafter specify by notice similarly given.

 

11.   Assignment.

 

In entering into this Agreement, MamaMancini’s
has relied upon the expertise and capabilities of HDU. Accordingly, HDU may not directly or indirectly assign, sub license, delegate,
encumber or in any other manner transfer or convey any of its rights, remedies, obligations, liabilities or interests in or arising
under this Agreement, without the prior written consent of MamaMancini’s. Any attempted assignment, sub license, delegation,
encumbrance or other transfer in violation of this Agreement shall be void and of no effect, and shall be considered the violation
of a material provision hereof For purposes of this Section 10, a change of control of HDU shall be deemed an assignment, whether
by stock transfer, merger or otherwise.

 

12.  Miscellaneous.

 

(a)     Modification
and Waivers. This Agreement may not be modified or amended, nor may any rights hereunder be waived, except by an instrument
signed by an authorized officer of the party against whom the same is sought to be enforced. A waiver by any party hereto of a
breach of any term or provision of this Agreement shall not be construed as a waiver of any subsequent breach.

 

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(b)      Further
Assurances. The parties hereto 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 hereto may
reasonably request in order to carry out the intent and accomplish the purposes of this Agreement.

 

(c)      Headings
and Counterparts. Section and other headings contained in this Agreement are for reference purposes only and shall
not be deemed to be part of this Agreement or to affect its meaning or interpretation. This Agreement may be executed in any number
of counterparts, each of which shall be deemed to be an original and all of which together shall be deemed to be one and the same
instrument.

 

(d)      Entire
Agreement. This Agreement constitutes the entire agreement between the parties hereto and supersedes all prior agreements,
understandings and arrangements, oral or written, with respect to the subject matter hereof.

 

(e)      Attorneys’
Fees. In the event of legal action to construe or enforce the provisions of this contract, the prevailing party shall
be entitled to collect his reasonable attorneys’ fees, court costs, and related expenses from the losing party and the Court
having jurisdiction of the dispute shall be authorized to determine the amount of such fees, costs and expenses and enter judgment
there for. If either party defaults and said default is cured without the necessity of filing legal action, the party in default
shall pay the other party’s reasonable attorneys’ fees and costs and expenses, if any, incurred as a result of said
default.

 

(f)       Binding
Effect; Benefits. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective
legal representatives, successors and permitted assigns. Except as otherwise set forth herein, nothing in this Agreement, express
or implied, is intended to confer on any person other than the parties hereto (or their respective legal representatives, successors
or permitted assigns) any rights, remedies, obligations or liabilities under or by reason of this Agreement.

 

(g)      Governing
Law and Separability. This Agreement shall be construed and governed in accordance with the laws of the State of New
Jersey. Any term or provision of this Agreement which is invalid or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of Such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms
and provisions of this Agreement or affecting the validity or enforceability of any of the terms or provisions of this Agreement
in any other jurisdiction.

 

[Signature page follows]

 

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IN WITNESS WHEREOF,
the parties hereto have executed this Agreement as of the date first above written.

 

	 	MAMAMANCINI’S
    LLC
	 	 
	 	By:	/s/
    Carl Wolf
	 	Name:	CARL
    WOLF
	 	Title:	Managing
    Member
	 	 	 
	 	JOSEPH
    EPSTEIN FOODS, INC. D/B/A 

    HORS D’OEUVRES UNLIMITED
	 	 
	 	By:	/s/
    Matthew Brown
	 	Name:	Matthew
    Brown
	 	Title:	President

 

    	10NEITHER
THIS SECURITY NOR THE SECURITIES INTO WHICH THIS SECURITY IS CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE
COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF
1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO,
THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL
OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY. THIS
SECURITY AND THE SECURITIES ISSUABLE UPON CONVERSION OF THIS SECURITY MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT
OR OTHER LOAN SECURED BY SUCH SECURITIES.

 

WIRED
ASSOCIATES SOLUTIONS, INC.

 

Senior
Secured Convertible Promissory Note

 

	US
    $102,259.37	Issue Date: January 23, 2012

 

This
Senior Secured Convertible Promissory Note (as the same may be amended or restated from time to time, the “Note”),
which may be amended from time to time, is duly authorized and issued by Wired Associates Solutions, Inc., a Nevada corporation
(the “Company”), having
its principal executive office at 1559 East 38th Street, Brooklyn, New York 11234.

 

FOR
VALUE RECEIVED, the Company, promises to pay to the order of Omega Global Enterprises, LLC, a Delaware limited liability company
having its principal executive office at 1559 East 38th Street, Brooklyn, New York 11234 or its registered assigns (the
“Payee” or the “Holder”),
the principal sum of One Hundred Two Thousand Two Hundred Fifty Nine Dollars and Thirty Seven Cents (US$102,259.37) (the “Loan”)
on demand (the date upon which such demand is made upon the Company by the Holder, the “Demand
Date”) unless earlier converted pursuant to the terms and conditions herein contained, and to pay interest on the
outstanding amount of the Loan at a rate of twelve percent (12%) per annum (the “Applicable
Rate”) in one lump sum payable on the Demand Date.

 

This
Note evidences the following advances: (i) On December 23, 2011, Jason A. Sharf, having his principal executive office at 1843
Ryder Street, Brooklyn, New York 11234 advanced an aggregate amount of $5,500 to the Company, as assigned to Holder and subsequently
canceled on the date hereof and in consideration herefore; (ii) On January 17, 2012, Holder advanced an aggregate amount of $50,000
to the Company; and (iii) On the date hereof, Holder advanced an aggregate amount of $46,759.37 to the Company.

 

    	 

    	 

    

  

This
Note is subject to the following provisions:

 

A.“Qualified
Offering” means a private placement offering by the Company pursuant to the terms and conditions contained in private
placement offering documentation to be entered into at the time of the offering.

 

B.“Business
Days” means any day except Saturday, Sunday and any day which shall be a federal legal holiday in the United States
or a day on which banking institutions in the State of New York are authorized or required by law or other government action to
close.

 

	1.		Payments
of Principal and Interest.

 

A.Payment
of Principal. The principal amount of this Note shall be paid to the Holder on or prior
to the Demand Date.

 

B.Payment
of Interest. Interest on the unpaid principal balance of this Note shall accrue at the
Applicable Rate. Interest shall be computed on the basis of a 360-day year and paid for the actual number of days elapsed. Accrued
and unpaid interest under this Note shall be paid in full on the Demand Date. Any accrued but unpaid interest shall, at the option
of the Holder, be included, from time to time, in any amounts converted hereunder.

 

C.Payment
of Default Interest. Any amount of principal or interest on this Note which is not paid
when due shall bear interest from the date due until such past due amount is paid at a rate of interest equal to the Applicable
Rate plus four percent (4%) per
annum (the “Default Rate”).
Any accrued but unpaid interest at the Default Rate shall, at the option of the Holder, be included, from time to time, in the
any amounts converted hereunder.

 

D.General
Payment Provisions. All payments of principal and interest on this Note shall be made
in lawful money of the United States of America by certified bank check or wire transfer to such account as the Holder may designate
by written notice to the Company in accordance with the provisions of this Note. Whenever any amount expressed to be due by the
terms of this Note is due on any day which is not a Business Day, the same shall instead be due on the next succeeding Business
Day. For purposes of this Note, “Business Day” shall mean any day other than a Saturday, Sunday or a day on which commercial
banks in the State of New York are authorized or required by law or executive order to remain closed.

 

E.Optional
Prepayment. At any time prior to the Demand Date and/or the Conversion Date, the Company
may pre-pay this Note in full or in part without penalty. Upon prepayment of this Note in full, the Holder shall have no further
rights under this Note (except for such rights that may specifically survive the payment of the Note), including no rights of conversion.

 

2.       Voluntary
Conversion. At any time between the original Issue Date and the Demand Date unless previously
repaid by the Company, this Note shall be convertible into shares of common stock of the Company, par value $0,001 per share (the
“Common Stock”), at
the option of the Holder, in whole or in part (subject to any limitations on conversion). The Holder shall effect conversions
by delivering to the Company the form of Notice of Conversion attached hereto as Exhibit
A (a “Notice of Conversion”),
specifying therein the amount of the Loan plus interest to be converted. The date which the Company receives the Notice of Conversion
shall be the conversion date (a “Conversion
Date”). To effect conversions hereunder, the Holder shall not be required to physically surrender this Note to
the Company unless the entire Loan plus all accrued and unpaid interest has been converted. Conversions hereunder shall have the
effect of lowering the outstanding amount of the Loan in an amount equal to the applicable conversion amount. The Company shall
maintain records showing the Loan amount converted and the date of such conversions. The Holder and any assignee, by acceptance
of this Note, acknowledge and agree that, by reason of the provisions of this paragraph, following conversion of a portion of
this Note, the unpaid and unconverted amount of the Loan may be less than the amount stated on the face hereof.

 

    	 

    	 

    

  

A.Conversion
Price. On any Conversion Date, the Loan, or any portion thereof, is convertible into shares
of the Company’s Common Stock at a conversion price equal to the average of the immediately preceding three (3) volume weighted
average prices (VWAP) prior to receipt by the Company of the Notice of Conversion to the Company (the “Conversion
Price”).

 

B.Mechanism
of Conversion.

 

i.Conversion
Shares Issuable Upon Conversion of Loan. The number of shares of Common Stock issuable
upon a conversion hereunder shall be determined by the quotient obtained by dividing the outstanding amount of the Loan (or any
portion thereof) to be converted by the Conversion Price.

 

ii.Delivery
of Certificate Upon Conversion. In the event of any conversion (i) certificates for shares
of Common Stock shall be dated the Conversion Date and delivered to the Holder hereof within a reasonable time, not exceeding ten
(10) Business Days after any Conversion Date, or, (ii) at the request of the Holder, shares shall be issued and delivered to the
Depository Trust Company (“DTC”)
account on the Holder’s behalf via the Deposit Withdrawal Agent Commission System (“DWAC”) within a reasonable time,
not exceeding ten (10) Business Days after such conversion. The Holder hereof shall be deemed for all purpose to be the holder
of the shares of Common Stock so purchased as of the date of such conversion. If certificated shares are issued, the Company will
deliver or cause to be delivered to the Holder a certificate or certificates representing the number of shares of Common Stock
being acquired upon the conversion. Notwithstanding the foregoing to the contrary, the Company or its transfer agent shall only
be obligated to issue and deliver the shares to DTC on a holder’s behalf via DWAC
provided that (i) such exercise is in connection with a registration statement under the Securities Act providing for
the resale of the shares of Common Stock or the shares of Common Stock are otherwise exempt from registration and may be issued
without a restrictive legend and (ii) the Holder and its transfer agent are participating in DTC through the DWAC system. The Holder
shall deliver this original Note, or an indemnification undertaking with respect to such Note in the case of its loss, theft or
destruction, at such time that this Note is fully exercised.

 

iii.Failure
to Deliver Certificate. If in the case of any Notice of Conversion such certificate or
certificates are not delivered to or as directed by the Holder by the tenth (10th) Business Day after a Conversion Date, the Holder
shall be entitled by written notice to the Company at any time on or before its receipt of such certificate or certificates thereafter,
to rescind such conversion, in which event the Company shall immediately return the certificates representing the Loan of this
Note tendered for conversion.

 

    	 

    	 

    

  

iv.Reservation
of Shares Issuable Upon Conversion. The Company covenants that it will at all times
reserve and keep available out of its authorized and unissued shares of Common Stock solely for the purpose of issuance upon
any conversion of the Loan and payment of interest, free from preemptive rights or any other actual contingent purchase
rights of persons other than the Holder, not less than 100% of the shares of Common Stock as shall be issuable upon the
conversion of the Loan and payment of interest at the hereunder. The Company covenants that all shares of Common Stock that
shall be so issuable shall, upon issue, be duly and validly authorized, issued, and fully paid, nonassessible.

 

v.Fractional
Shares. Upon a conversion hereunder, the Company shall not be required to issue stock
certificates representing fractions of shares of Common Stock, but may if otherwise permitted, make a cash payment in respect of
any final fraction of a share based on the closing bid price of the Company’s shares of Common Stock as quoted by Bloomberg on
the day prior to the Company’s receipt of the Conversion Notice. If the Company elects not, or is unable, to make such cash payment,
the Holder shall be entitled to receive, in lieu of the financial fraction of a share, one whole share of Common Stock.

 

vi.Transfer
Taxes. The issuance of certificates for shares of Common Stock upon conversion shall be
made without charge to the Holder hereof for any documentary stamp or similar taxes that may be payable in respect of the issue
or delivery of such certificate, provided that the Company shall not be required to pay any tax that may be payable in respect
of any transfer involved in the issuance and delivery of any such certificate upon conversion in a name other than that of the
Holder of this Note so converted and the Company shall not be required to issue or deliver such certificates unless or until the
person or persons requesting the issuance thereof shall have paid to the Company the amount of such tax or shall have established
to the satisfaction of the Company that such tax has been paid.

 

    3.
        Grant
of Security. The Company hereby grants a first priority security interest, as that term is defined in the Uniform Commercial
Code of New York (the “UCC”), in the Collateral (as such term is hereinafter defined), as security for the payment
and performance of all the obligations of the Company under and in connection with this Note now or hereafter existing whether
for principal, interest, fees, expenses or otherwise (all such obligations of the Company are hereinafter collectively referred
to as the “Secured Obligations”).
The Company, as security for the Secured Obligations, hereby assigns, pledges, transfers and sets over unto the Holder and its
successors and assigns, and hereby grants to the Holder a continuing security interest in, all of the Company’s right, title
and interest in and to all of the Company’s now existing or hereafter acquired tangible and intangible properties, including,
without limitation, a first lien on all present and future assets of the Company and its subsidiaries (including, but not limited
to, each of the now existing or hereafter acquired assets described on Exhibit
B hereto) (collectively hereinafter referred to as the “Collateral”).

 

A.This
Note shall create a continuing security interest in the Collateral and shall (i) remain in full force and effect until payment
in full of the Secured Obligations, (ii) be binding upon the Company, its successors and permitted assigns, and (iii) inure to
the benefit of the Holder and its respective successors, transferees and assigns.

 

B.This
Note secures the payment and performance of all of the Secured Obligations and by its execution hereof, the Company authorizes
the Holder to file any and all documents necessary or advisable to properly perfect a security interest in the Collateral, including,
but not limited to, the filing of such UCC-1 Financing Statements with the Secretaries of State in any and all jurisdictions deemed
advisable by Holder. Upon the payment in full of the Secured Obligations to the satisfaction of the Holder in its sole discretion,
the security interest granted hereby shall terminate, all rights in and to the Collateral shall revert to the Company and the Holder
shall duly file, at the expense of the Company, such UCC-3 Amendments necessary to terminate the Holder’s security interest.

 

    	 

    	 

    

  

  4.
        Mandatory
Redemption upon the Subsequent Qualified Offering.

 

A.If
the Company undertakes one or more Qualified Offerings prior to the Demand Date, the Company will deliver to the Holder a notice
(the “Offering Notice”),
stating the price and other material terms and conditions thereof not later than five (5) Business Days prior to the closing date
of the Qualified Offering.

 

B.Upon
the closing of a Qualified Offering which, in the aggregate when combined with all other Qualified Offerings, equals an amount
in excess of Five Hundred Thousand United States Dollars ($500,000.00), this Note shall automatically be redeemed by the Company
for the full amount of the Loan plus outstanding interest to be paid to the Holder.

 

    5.        Adjustment
of Conversion Price. The Conversion Price shall be subject to adjustment from time to
time as set forth in this Section. The Company shall give the Holder notice of any event described below which requires an adjustment
pursuant to this Section in accordance with the notice provisions set forth herein. If at any time the Company shall:

 

A.make
or issue or set a record date for the holders of the shares of Common Stock for the purpose of entitling them to receive a dividend
payable in, or other distribution of, shares of Common Stock,

 

B.subdivide
its outstanding shares of Common Stock into a larger number of shares of Common Stock, or

 

C.combine
its outstanding shares of Common Stock into a smaller number of shares of Common Stock, then (1) the number of shares of Common
Stock for which this Note is convertible immediately after the occurrence of any such event shall be adjusted to equal the number
of shares of Common Stock which a record holder of the same number of shares of Common Stock for which this Note is exercisable
immediately prior to the occurrence of such event would own or be entitled to receive after the happening of such event, and (2)
the Conversion Price then in effect shall be adjusted to equal (A) the Conversion Price then in effect multiplied by the number
of shares of Common Stock for which this Note is exercisable immediately prior to the adjustment divided by (B) the number of shares
of Common Stock for which this Note is exercisable immediately after such adjustment.

 

    6.         The
Holder’s Conversion Limitations. The Company shall not affect any conversion of this Note,
and the Holder shall not have the right to convert any portion of this Note, to the extent that after giving effect to the conversion
set forth on the Conversion Notice submitted by the Holder, the Holder (together with the Holder’s affiliates (as defined herein)
and any Persons acting as a group together with the Holder or any of the Holder’s affiliates) would beneficially own in excess
of the Beneficial Ownership Limitation (as defined herein). To ensure compliance with this restriction, prior to delivery of any
Conversion Notice, the Holder shall have the right to request that the Company provide to the Holder a written statement of the
percentage ownership of the Company’s Common Stock that would by beneficially owned by the Holder and its affiliates in the Company
if the Holder converted such portion of this Note then intended to be converted by Holder. The Company shall, within five (5) business
days of such request, provide Holder with the requested information in a written statement, and the Holder shall be entitled to
rely on such written statement from the Company in issuing its Conversion Notice and ensuring that its ownership of the Company’s
Common Stock is not in excess of the Beneficial Ownership Limitation. The restriction described in this Section may be waived by
Holder, in whole or in part, upon sixty-one (61) days’ prior notice from the Holder to the Company to increase such percentage.

 

    	 

    	 

    

 

For
purposes of this Note, the “Beneficial Ownership Limitation” shall be 4.99% of the number of shares of Common Stock outstanding
immediately after giving effect to the issuance of shares of Common Stock issuable upon conversion of this Note. The limitations
contained in this Section shall apply to a successor holder of this Note. For purposes of this Note, “Person” means an
individual, a limited liability company, a partnership, a joint venture, a corporation, a trust, an unincorporated organization
or a government or any department or agency thereof.

 

    7.
Holder’s Representations and Warranties.
The Holder represents and warrants that:

 

A.Restrictions
on Transfer or Resale. The Holder understands that (i) the Note and any shares of Common
Stock upon conversion of the Note are not being registered under the Securities Act of 1933 or any state securities laws, and may
not be offered for sale, sold, assigned or transferred unless (A) the Note or any shares of Common Stock are subsequently registered
thereunder, or (B) Holder shall have delivered to the Company an opinion of counsel, in a generally acceptable form, to the effect
that such securities to be sold, assigned or transferred may be sold, assigned or transferred pursuant to an exemption from such
registration; and (ii) neither the Company nor any other party is under any obligation to register the Note or the shares of Common
Stock under the 1933 Act or any state securities laws or to comply with the terms and conditions of any exemption thereunder, (iii)
Holder is acquiring the Note and the shares of Common Stock for its own account and not with a view towards, or for resale in connection
with, the public sale or distribution thereof, except pursuant to sales registered or exempted under the 1933 Act, and (iv) Holder
does not presently have any agreement or understanding, directly or indirectly, with any party to distribute any of the securities.

 

B.Accredited
Investor Status. Holder is an “accredited investor” as that term is defined
in Rule 501(a) of Regulation D.

 

C.Reliance
on Exemptions. The Holder understands that the Note and any shares of Common Stock upon
voluntary conversion in the Qualified Offering are being offered and sold to it in reliance on specific exemptions from the registration
requirements of United States federal and state securities laws and that the Company is relying in part upon the truth and accuracy
of, and Holder’s compliance with, the representations, warranties, agreements, acknowledgments and understandings of Holder set
forth herein in order to determine the availability of such exemptions and the eligibility of Holder to acquire the securities.

 

D.Information.
Holder and its advisors, if any, have been furnished with all materials relating to the business, finances and operations of the
Company and materials relating to the offer and sale of the securities that have been requested by Holder. Holder and its advisors,
if any, have been afforded the opportunity to ask questions of the Company. Neither such inquiries nor any other due diligence
investigations conducted by Holder or its advisors, if any, or its representatives shall modify, amend or affect Holder’s right
to rely on the Company’s representations and warranties contained herein. Holder understands that its investment in the Note, any
shares of Common Stock upon voluntary conversion acquired in the Qualified Offering involve a high degree of risk and is able to
afford a complete loss of such investment. Holder has sought such accounting, legal and tax advice as it has considered necessary
to make an informed investment decision with respect to its acquisition of the securities.

 

    	 

    	 

    

 

 

E.No
Governmental Review. Holder understands that no United States federal or state agency
or any other government or governmental agency has passed on or made any recommendation or endorsement of the securities or the
fairness or suitability of the investment in the securities nor have such authorities passed upon or endorsed the merits of the
offering of the securities.

 

F.Legend.
This Note and all certificates representing shares of Common Stock issuable upon conversion hereof shall be stamped or imprinted
with a legend in substantially the following form:

 

NEITHER
THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT
BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL, IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS
NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144 A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING,
THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE
SECURITIES.

 

    8.        
Events of Default

 

A.
The term “Event of Default”
shall mean any of the events set forth in this Section (the term “Company” for this purpose shall include all subsidiaries
of the Company):

 

i.Non-Payment
of Obligations. The Company shall default in the payment of the Loan and interest when
the same shall become due and payable, whether by acceleration or otherwise, which default shall continue uncured for ten (10)
days after notice thereof.

 

ii.Non-Performance
of Covenants. The Company shall default in the due observance or performance of any material
covenant set forth herein, which default shall continue uncured for thirty (30) days after notice thereof.

 

    	 

    	 

    

 

 

iii.
Bankruptcy. Insolvency, etc. The
Company shall:

 

(a)apply
for, consent to, or acquiesce in, the appointment of a trustee, receiver, sequestrator or other custodian for the Company or any
of its property, or make a general assignment for the benefit of creditors;

 

(b)in
the absence of such application, consent or acquiesce in, permit or suffer to exist the appointment of a trustee, receiver, sequestrator
or other custodian for the Company or for any part of its property and that is not dismissed within sixty days;

 

(c)permit
or suffer to exist the commencement of any bankruptcy, reorganization, debt arrangement or other case or proceeding under any bankruptcy
or insolvency law, or any dissolution, winding up or liquidation proceeding, in respect of the Company, and, if such case or proceeding
is not commenced by the Company or converted to a voluntary case, such case or proceeding is consented to or acquiesced in by the
Company or results in the entry of an order for relief; or

 

(d)take any
corporate or other action authorizing any of the foregoing.

 

B.Action
if Bankruptcy. If any Event of Default described in clauses (iii)(a) through (d) of this
Section shall occur, the Loan amount of this Note and all other obligations hereunder shall automatically be and become immediately
due and payable, without notice or demand.

 

C.Action
if Other Event of Default. If any Event of Default shall occur for any reason, the Holder
may declare all or any portion of the outstanding Loan of the Note, to be due and payable and any or all other obligations hereunder
to be due and payable, whereupon the full unpaid Loan hereof, and any and all other such obligations which shall be so declared
due and payable shall be and become immediately due and payable, without further notice, demand, or presentment.

 

    9.
        Remedies. If an Event of Default
occurs and is continuing, the Holder of this Note may declare all of this Note, including any interest and other amounts due that
have not or will not be converted under Section 2 hereof, to be due and payable immediately. The security interest created by this
Note shall be enforceable if an Event of Default shall have occurred and be continuing and the Holder shall have, among other things,
the following rights:

 

A.
subject to the limitations of Section 9-610 and 9-615 of the UCC (if applicable), to sell, assign, transfer and deliver at any
time the whole, or from time to time any part, of the Collateral or any rights or interests therein, at public or private sale
or in any other manner, at such price or prices and on such terms as the Holder may deem appropriate, and either for cash, on credit,
for other property or for future delivery, at the option of the Holder, upon not less than 10 days’ written notice (which 10 day
notice is hereby acknowledged by the Company to be reasonable) addressed to the Company at its last address on file with the Holder,
but without demand, advertisement or other notice of any kind (all of which are hereby expressly waived by the Company). If any
of the Collateral or any rights or interests therein are to be disposed of at a public sale, the Holder may, without notice or
publication, adjourn any such sale or cause the same to be adjourned from time to time by announcement at the time and place fixed
for sale, and such sale may, without further notice, occur at the time and place identified in such announcement. If any of the
Collateral or any rights or interests therein shall be disposed of at a private sale, the Holder shall be relieved from all liability
or claim for inadequacy of price. At any such public sale the Holder may purchase the whole or any part of the Collateral or any
rights or interests therein so sold. Each purchaser, including the Holder should it acquire the Collateral, at any public or private
sale shall hold the property sold free from any claim or right of redemption, stay, appraisal or reclamation on the part of the
Company which are hereby expressly waived and released to the extent permitted by applicable law. If any of the Collateral or any
rights or interests therein shall be sold on credit or for future delivery, the Collateral or rights or interests so sold may be
retained by the Holder until the selling price thereof shall be paid by the purchaser, but the Holder shall not incur any liability
in case of failure of the purchaser to take up and pay for the Collateral or rights or interests therein so sold. In case of any
such failure, such Collateral or rights or interests therein may again be sold or not less than 10 days’ written notice as aforesaid.

 

    	 

    	 

    

  

B.in
addition to the rights and remedies granted to it in this Note and in any other instrument or agreement securing, evidencing or
relating to any of the Secured Obligations, the Holder shall have rights and remedies of a secured party under the UCC.

 

C.all
cash proceeds received by the Holder in respect of any sale of, or other realization upon, all or any part of the Collateral shall
be applied (after payment of any amounts payable to the Holder pursuant to this Note) in whole or in part by the Holder in accordance
with the Note.

 

   9.         Holder
Appointed Attorney-in-Fact. The Company hereby irrevocably appoints the Holder as the
Company’s attorney-in-fact, with full authority in the name, place and stead of the Company, from time to time in the Holder’s
discretion upon the occurrence and during the continuance of an Event of Default to take any action and to execute any document
which the Holder may deem necessary or advisable to accomplish the purposes of this Note.

 

   10.       Non-interference
with Remedies; Specific Performance. The Company agrees that following the occurrence
and during the continuance of an Event of Default it will not at any time pledge, claim or take the benefit of any appraisal, valuation,
stay, extension, moratorium or redemption law now or hereafter in force in order to prevent or delay the enforcement of this Note,
or the absolute sale of the whole or any part of the Collateral or the possession thereof by any purchaser at any sale hereunder,
and the Company waives the benefit of all such laws to the extent it lawfully may do so. The Company agrees it will not interfere
with any right, power or remedy of the Holder provided for in this Note now or hereafter existing at law or in equity or by statute
or otherwise, or with the exercise or beginning of the exercise by the Holder of any one or more of such rights, powers or remedies.

 

   11.       Miscellaneous.

 

A.
Voting Rights. The Holder shall
have no voting rights under this Note, except as required by applicable law, including, but not limited to, the Nevada Corporations
Law, and as expressly provided in this Note.

 

    	 

    	 

    

 

 

B.Parties
in Interest. All covenants, agreements and undertakings in this Note binding upon the
Company or the Holder shall bind and inure to the benefit of the successors and permitted assigns of the Company and the Holder,
respectively, whether so expressed or not.

 

C.Governing
Law. This Note shall be governed by the laws of the State of New York as applied to contracts
entered into and to be performed entirely within the State of New York.

 

D.Waiver
of Jury Trial. THE PARTIES HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHTS
THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS
NOTE OR ANY OTHER DOCUMENT OR INSTRUMENT EXECUTED AND DELIVERED IN CONNECTION HEREWITH, OR ANY COURSE OF CONDUCT, COURSE OF DEALING,
STATEMENTS (WHETHER VERBAL OR WRITTEN), OR ACTIONS OF THE PAYEE OR THE COMPANY. THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE
PAYEE’S PURCHASING THIS NOTE.

 

E.Notices.

 

i.
Any notice pursuant to this Note to be given or made (i) by the Holder to or upon the Company or (ii) by the Company to or upon
the Holder, shall be sufficiently given or made if sent by certified or registered mail, postage prepaid, addressed (until another
address is sent by the Company or the Holder to the other party) as follows:

 

	To the Company: 	 	Wired Associates Solutions, Inc.
		 	1559 East 38th Street,
	 	 	Brooklyn,
    New York 11234
	 	 	 
	To the Holder:	 	Omega Global Enterprises, LLC
	 	 	
        1559 East 38th Street

        Brooklyn, New York 11234

 

F.No
Waiver. No delay in exercising any right hereunder shall be deemed a waiver thereof, and
no waiver shall be deemed to have any application to any future default or exercise of rights hereunder.

 

G.Modification
and Severability. If, in any action before any court or agency legally empowered to enforce
any provision contained herein, any provision hereof is found to be unenforceable, then such provision shall be deemed modified
to the extent necessary to make it enforceable by such court or agency. If any such provision is not enforceable as set forth in
the preceding sentence, the unenforceability of such provision shall not affect the other provisions of this Note, but this Note
shall be construed as if such unenforceable provision had never been contained herein

 

    	 

    	 

    

 

IN WITNESS WHEREOF, this Note has
been executed and delivered on the date specified above.

 

	 	WIRED ASSOCIATES SOLUTIONS, INC.
	 	By	\s\ Justin Jarman
	 	Name:	Justin Jarman
	 	Title:	Chief Executive Officer

 

    	 

    	 

    

 

EXHIBIT
A

 

NOTICE
OF CONVERSION

 

The
undersigned hereby elects to convert the Loan and/or outstanding interest under the Note, dated January 20, 2012 (the “Note”),
issued by Wired Associates Solutions, Inc., a Nevada corporation (the “Company”),
in favor of the undersigned, due on the Demand Date if not previously repaid by the Company or converted into shares of the Common
Stock of the Company according to the conditions contained in the Note, as of the date written below. If the shares of Common Stock
are to be issued in the name of a person other than the undersigned, the undersigned will pay all transfer taxes payable with respect
thereto and is delivering herewith such certificates and opinions as reasonably requested by the Company in accordance therewith.
No fee will be charged to the undersigned for any conversion, except for such transfer taxes, if any.

 

The
undersigned agrees to comply with the prospectus delivery requirements under the applicable securities laws in connection with
any transfer of the aforesaid shares of Common Stock.

 

	Conversion calculations:	 
	 	 
	Date to Effect Conversion:	 
	 	 
	Loan and/or interest Amount of Note to be Converted:	 
	 	 
	Number of shares of Common Stock to be issued:	 

 

	Signature:	 
	 	 
	Name:	 
	 	 
	Address:	 

 

    	 

    	 

    

 

 

EXHIBIT B

 

COLLATERAL

 

	(a)	 	
        

        all accounts
        (as defined in the UCC) including accounts receivable in respect of portfolio investments and payment intangibles, including, without
        limitation, all contract rights, and all other forms of monetary obligations owing to the Company, and all credit insurance, guaranties,
        or security therefor, whether or not they have been earned by performance;

	 	 	 
	(b)	 	all chattel paper (as defined in the UCC), including, without limitation, electronic chattel paper and tangible chattel paper evidencing both a monetary obligation and a security interest in or lease of goods, together with any guarantees, letters of credit, and other security therefore;
	 	 	 
	(c)	 	all commercial tort claims (as defined in the UCC);
	 	 	 
	(d)	 	all deposit accounts (as defined in the UCC) and all of the cash and cash equivalents, deposited therein from time to time, and all securities, rights, interests, shares of stock, instruments, interests, or other property contained, deposited, held or otherwise added to any deposit account from time to time;
	 	 	 
	(e)	 	all documents (as defined in the UCC), including, without limitation, any paper that is treated in the regular course of business as adequate evidence that the person in possession of the paper is entitled to receive, hold, and dispose of the goods the paper covers, including warehouse receipts, bills of lading, certificates of title, and applications for certificates of title;
	 	 	 
	(f)	 	all equipment (as defined in the UCC), machinery and all fixtures (including, without limitation, the items purchased with the proceeds of the Loan), and all accessions, additions, attachments, improvements, substitutions and replacements thereto and thereof and warranties (express and implied) received from the sellers and manufacturers of the foregoing property, and all related claims, credits, setoffs, and other rights of recovery;
	 	 	 
	(g)	 	all general intangibles (as defined in the UCC) of any kind, including, without limitation, all money, contract rights, corporate or other business records, all intellectual property rights, inventions, designs, formulas, patents, patent applications, service marks, trademarks, trade names, trade secrets, engineering drawings, goodwill, rights to prepaid expenses, registrations, franchises, copyrights, licenses, customer lists, computer programs and other software (as defined in the UCC), source code, tax refund claims, royalty, licensing and product rights, all claims under guarantees, security interests or other security held by or granted to The Company, all indemnification rights, and rights to retrieval from third parties of electronically processed and recorded data pertaining to any Collateral, things in action, items, checks, drafts, and all orders in transit to or from The Company, credits or deposits of The Company (whether general or special) that are held by the Holder;
	 	 	 
	(h)	 	all goods (as defined in the UCC);

 

    	 

    	 

    

  

	(i)	 	all inventory (as defined in the UCC), whether in the possession of the Company or of a bailee or other person for sale, storage, transit, processing, use or otherwise and whether consisting of whole goods, spare parts, components, supplies, materials, or consigned, returned or repossessed goods, which are held for sale or lease, which are to be furnished (or have been furnished) under any contract of service or which are raw materials, work in process or materials used or consumed in the Company’s business, and all warranties and related claims, credits, setoffs, and other rights of recovery with respect to any of the foregoing;
	 	 	 
	(i)	 	all instruments (as defined in the UCC) including, without limitation, every promissory note, negotiable instrument, certificated security, or other writing that evidences a right to payment of money, that is not a lease or security agreement, and that is transferred in the ordinary course or conduct of business (including worldwide shipment) by delivery with any necessary assignment or endorsement;
	 	 	 
	(k)	 	all investment property (as defined in the UCC) pledged to or delivered to the Holder’s control from time to time, and any and all other property in which the Company at any time has rights and in which at any time a security interest has been transferred to the Holder (and regardless of whether any such property constitutes a certificated or uncertificated security or is held directly or through one or more financial intermediaries through book entries);
	 	 	 
	(1)	 	all letter of credit rights (as defined in the UCC);
	 	 	 
	(m)	 	all supporting obligations (as defined in the UCC);
	 	 	 
	(n)	 	all books, files, records (as defined in the UCC) relating to the Collateral;
	 	 	 
	(o)	 	each policy and contract of insurance owned or maintained by the Company, and all the benefits thereof including, without limitation, all claims of whatsoever nature, as well as return premiums, and in and to all moneys and claims for moneys in connection therewith;
	 	 	 
	(p)	 	all certificates and instruments evidencing any securities or other Collateral subject to this Security Agreement from time to time and all interest, dividends, distributions, cash, investment property, securities, shares of stock, and other amounts and property from time to time received, receivable, paid or payable or otherwise distributed from time to time in respect of, in exchange or substitution for, or as an addition to any of the foregoing Collateral;
	 	 	 
	(q)	 	all other tangible or intangible personal property of every kind and nature; and
	 	 	 
	(r)	 	all accessions and additions to the foregoing, substitutions therefor, and replacements, products and proceeds (as defined in the UCC) of any of the property of the Company described in clauses (a) through (q) above (including any proceeds of insurance thereon).

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