Document:

Exhibit
10.3

Page
1 of 14

 

CONSENT
AND AGREEMENT TO 

STOCK
SALE AGREEMENT AND MUTUAL RELEASE

 

This
Consent and Agreement to Stock Sale Agreement and Mutual Release (this “Agreement”) dated July 1, 2020 is entered
into by and among uBid Holdings, Inc., a Delaware corporation (“uBid”), SkyAuction.com, Inc., a Delaware corporation
and a wholly-owned subsidiary of uBid (“SkyAuction”), and Michael Hering (“Hering”), individually,
and in his capacity as the representative (the “Shareholder Representative”) for certain former SkyAuction
shareholders identified in the Merger Agreement (defined below) and Salvatore Esposito (“Esposito”). uBid Holdings,
SkyAuction, Esposito, Hering and the Shareholder Representative are hereinafter sometimes individually referred to as a “Party”
and collectively, as the “Parties.

 

RECITALS

 

WHEREAS,
on November 12, 2018, uBid, SkyAuction, SA Acquisition Corp., then a wholly-owned subsidiary of uBid Holdings, and the Shareholder
Representative entered into that certain Agreement and Plan of Merger (the “Merger Agreement”) (capitalized
terms used herein and not defined herein shall have the meanings set forth therefor therein);

 

WHEREAS,
upon the consummation of the Merger, SA Acquisition Corp. merged into SkyAuction and SkyAuction, as the surviving entity in the
Merger, became a wholly-owned subsidiary of uBid through the issuance of 1,000 shares of SkyAuction to uBid;

 

WHEREAS,
pursuant to the terms of Merger Agreement, at the Closing, the Sky Shareholders received the following merger consideration: (a)
an aggregate of 165,363,244 shares of uBid common stock (the “Merger Shares”) issued to them by uBid in exchange
for the shares of SkyAuction owned and held by the Sky Shareholders immediately prior to the Merger; (b) the issuance of that
certain secured 3% promissory note in the principal amount of $2,500,000 (the “Principal Amount”) in favor
of the Shareholder Representative with the Maturity Date of November 12, 2021 (the “Merger Note”); (c) an Unconditional
Secured Guaranty (the “Guaranty”) to guaranty payment by uBid of the promissory note to SkyAuction; (d) a Security
Agreement; and (e) certain other promises and representations as contained in the Merger Agreement and as relates to the Closing;

 

WHEREAS,
pursuant to the terms of the Merger Agreement, uBid also issued to Hering a warrant to purchase 5,000,000 pre-split or 33,333
post-split shares of uBid s’ Common Stock, at the exercise price of $0.05 per share on a pre-split basis and $7.50 per share
on a post-split basis (the “Warrant”),

 

WHEREAS,
uBid’s obligations under the Merger Note were secured by all assets of Sky Auction pursuant to the Guaranty and the Security
Agreement, each dated and executed as of the Closing Date; and

 

WHEREAS,
the Parties desire to (i) cancel the Merger Agreement, the Merger Note, the Guaranty and the Security Agreement so that SkyAuction,
Hering and the Shareholder Representative relinquish any claim to payment of the Merger Note other than as set forth in this Agreement,
(ii) have Hering relinquish his rights as an observer to the uBid Board of Directors, (iii) have the former Sky Shareholders keep
the uBid shares of Common Stock that they received under the terms of the Merger and (iv) approve the sale of the shares of SkyAuction
now owned by uBid to another company on this date (collectively the “Sale”).

 

    	 

    	Exhibit 10.3

    

Page
2 of 14

 

NOW,
THEREFORE, the Parties agree as follows:

 

1.
Recitals. The above recitals are true and correct and incorporated herein.

 

2.
Defined Terms. All defined terms used herein and in this Agreement not otherwise defined will have the same meaning as set
forth in the Merger Agreement.

 

3.
Termination of Agreements. The Merger Agreement, the Merger Note and the Guaranty and Security Agreement are terminated pursuant
to this Agreement.

 

4.
Sale. 

 

4.1.
Approval of Sale.

 

4.1.1.
The Shareholder Representative and the SkyAuction Board of Directors and the requisite Sky Shareholders, if necessary, have approved
this Agreement and the transactions contemplated hereby, on or before the Closing Date.

 

4.1.2.
The uBid Board of Directors and the requisite uBid Shareholders, if necessary, have approved this Agreement and the transactions
contemplated hereby on or before the Closing Date.

 

4.2.
The Sale. In accordance with the provisions of this Agreement on the Closing Date:

 

4.2.1.
uBid agrees to sell all 1,000 issued and outstanding shares of common stock of SkyAuction which are owned by uBid (the “SkyAuction
Shares”) to a company called Sky Auction Acquisition, LLC., a Wyoming limited liability company, or Buyer. 

 

4.2.2.
The Parties agree that (i) the Principal Amount of $2,500,000 shall be converted into shares of uBid common stock at a price of
$7.50 per share for 333,333 shares of uBid common stock which shall be issued to the existing, before the Sale, SkyAuction shareholders
other than Hering and Esposito in coordination and through Hering and (ii) the accrued interest under the Merger Note through
June 30, 2020, totals $179,616.44 and shall be forgiven. 

 

4.2.3.
The Parties agree that the Merger Agreement and Guaranty and Security Agreement shall be cancelled on the Closing Date.

 

4.2.4.
All assets and liabilities of SkyAuction shall be transferred through the purchase and sale of the SkyAuction Shares.

 

4.3.
Resignations. On the Closing Date, Hering agrees to relinquish his observation rights to attend meetings of the uBid
Board of Directors.

 

    	 

    	Exhibit 10.3

    

Page
3 of 14

 

5.
Transactions Related to the Sale. 

 

5.1
Mutual Release. Each Party on behalf of itself and its respective partners, agents, assigns, heirs, officers, directors, employees
executors, and attorneys (“Affiliates”) hereby forever and finally releases, relieves, acquits, absolves and
discharges the other party and their Affiliates from any and all losses, claims, debts, liabilities, demands, obligations, promises,
acts, omissions, agreements, costs and expenses, damages, injuries, suits, actions and causes of action, of whatever kind or nature,
whether known or unknown, suspected or unsuspected, contingent or fixed, that they may have against the other party and their
Affiliates, including without limitation claims for indemnification, based upon, related to, or by reason of any matter, cause,
fact, act or omission occurring or arising at any moment out of this Agreements.

 

5.1.1
Each Party acknowledges that this mutual release does not constitute any admission of liability whatsoever on the part of any
of the undersigned. The Parties include the Buyer in the above releases and all persons associated with the Buyer.

 

5.2
Non-Disparagement. Each Party on behalf of itself and its respective partners, agents, assigns, heirs, officers, directors,
employees executors, and attorneys (“Affiliates”) agrees that neither Party will make any statement that is disparaging
about the others, any of its officers, directors, shareholders, or employees including, but not limited to, any statement that
disparages the products, services, finances, financial condition, capabilities or other aspect of the business of uBid or SkyAuction.
Each Party further agrees that they will not engage in any conduct that is intended to inflict harm upon the professional or personal
reputation of the uBid and SkyAuction or any of their respective officers, directors, shareholders or employees. Each Party hereby
agrees that each Party or any of their officers, directors, or shareholders, will not make any statement that is disparaging about
the any other Party. Each Party and their officers, directors, or shareholders further agree that they and their officers will
not engage in any conduct that is intended to inflict harm upon the professional or personal reputation of any other Party. The
same applies to the Buyer and persons associated with the Buyer.

 

5.3
Indemnification. Each Party shall defend, indemnify, and hold the other harmless from and against any and all losses, damages,
liabilities and expenses (including penalties and reasonable attorneys’ fees) which are incurred or suffered by or imposed
upon another Party arising out of or relating to (i) any failure or breach by the Party to perform any of its covenants, agreements
or obligations under this Agreement, or (ii) any inaccuracy or incompleteness of any of the representations and warranties of
the Party contained in this Agreement or in any Exhibit delivered in connection with this Agreement.

 

5.4.
Mutual Confidential Non-Disclosure. From the closing of the Merger and through the date of this Closing as stated in Section
6, below, the Parties have obtained certain confidential and proprietary information regarding each other’s operations.
Each Party shall agree to maintain as confidential all confidential information obtained as provided in the Mutual Nondisclosure
Agreement, in form and content substantially similar to that attached hereto as Exhibit A and if not attached, it shall
be deemed the Parties agree to maintain all information about the other confidential, other than for normal business use or to
give effect to this Agreement, for a period of 3 years from this date. 

 

    	 

    	Exhibit 10.3

    

Page
4 of 14

 

5.5.
Expenses. Since the date of this Agreement and through the date of Closing, the Parties have incurred and may yet incur various
expenses, costs and fees, such as legal and accounting fees and other costs and expenses associated with this Agreement and subsequent
operations. The Parties hereby agree that each party shall be responsible for their own expenses, costs, and fees and shall not
look to any other party for reimbursement or payment of said expenses, costs, and fees.

 

6.
Closing. The Closing shall be this date (the “Closing Date”), at which time the deliveries provided for
herein shall be made. If no deliveries need be made, the Closing shall occur upon execution of this Agreement.

 

6.1.
Closing; Closing Date. The Parties shall cause this Agreement to become effective and consummate the other transactions contemplated
by this Agreement on the Closing Date, unless such date is extended by the requirements of law or the mutual agreement of the
Parties. This Agreement shall become effective when executed and delivered by all of the Parties hereto.

 

6.2.
SkyAuction Closing Actions. At the Closing, SkyAuction shall deliver or cause to be delivered to uBid the following fully
executed documents and/or shall take the following actions at the Closing, all of such actions being deemed to occur simultaneously:

 

6.2.1.
Resolutions of the board of directors of SkyAuction authorizing this Agreement.

 

6.2.2.
Mutual Confidential Nondisclosure Agreement described in Section 5.4.

 

6.3.
uBid Closing Actions. At the Closing, uBid shall deliver or cause to be delivered to SkyAuction the following documents and/or
shall take the following actions at the Closing, all of such actions being deemed to occur simultaneously:

 

6.3.1.
Resolutions of the board of directors of uBid dated at or about the Closing Date authorizing this Agreement.

 

6.3.2.
Mutual Confidential Nondisclosure Agreement described in Section 5.4.

 

6.4.
Other Actions. 

 

6.4.1.
Each of the Parties to this Agreement shall have otherwise executed whatever documents and agreements, provided whatever consents
or approvals and shall have taken all such other actions as are required under this Agreement.

 

6.4.2.
Each of the Parties hereto agrees that no public or private announcement of this transaction shall be made without the mutual
written consent and agreement of the Parties hereto. This provision may be enforceable by equitable means by any Party hereto,
and each of the Parties hereto consents to injunctive or other such equitable relief to enforce the provisions hereof.

 

    	 

    	Exhibit 10.3

    

Page
5 of 14

 

6.4.3.
The Parties agree that uBid will file information with OTC Markets reporting this Agreement and any announcement referenced in
Section 6.4.2 above.

 

Unless
indicated otherwise on the Signature Page, by signing below, the Parties agree that there are no conditions that preclude this
Agreement being effective on signing.

 

7.
REPRESENTATIONS AND WARRANTIES OF SKYAUCTION

 

7.1.
SkyAuction hereby makes the following representations and warranties.

 

7.1.1.
Organization and Qualification. Sky is a corporation duly organized, validly existing and in good standing under the laws
of the State of Delaware and has all requisite corporate power and authority to carry on its business as now conducted. SkyAuction
is duly qualified to transact business and is in good standing in each jurisdiction in which the nature of its business or the
character of its properties requires such qualification.

 

7.1.2.
Authorization; Validity and Effect of This Agreement. SkyAuction has the requisite corporate power and authority to execute,
deliver and perform its obligations under this Agreement and to consummate this Agreement. The execution and delivery of this
Agreement by SkyAuction and the performance by SkyAuction of its obligations hereunder and the consummation of the Sale have been
duly authorized by its board of directors and its shareholders and all other necessary company action on the part of SkyAuction
has been taken and no other company proceedings on the part of SkyAuction are necessary to authorize this Agreement. This Agreement
has been duly and validly executed and delivered by SkyAuction and, assuming that it has been duly authorized, executed and delivered
by the other Parties hereto, constitutes a legal, valid and binding obligation of SkyAuction, enforceable against it in accordance
with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other
similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a
proceeding in equity or at law) and an implied covenant of good faith and fair dealing.

 

7.1.3.
No Conflict; Required Filings and Consents. Neither the execution and delivery of this Agreement by SkyAuction nor the performance
by SkyAuction of its obligations hereunder, nor the consummation of the Sale pursuant to the terms of the Sale,

 

7.1.3.1.
shall conflict with SkyAuction certificate of incorporation or bylaws;

 

7.1.3.2.
shall violate any statute, law, ordinance, rule or regulation applicable to SkyAuction, or any of its assets or properties;

 

7.1.3.3.
shall violate, breach, be in conflict with or constitute a default under any Material Contract or any order, judgment or decree
to which SkyAuction is a party or by which SkyAuction, or any of its respective assets or properties is bound or encumbered.

 

    	 

    	Exhibit 10.3

    

Page
6 of 14

 

7.1.4.
Filing of Required Reports. To the best of SkyAuction’s knowledge, SkyAuction has filed with all appropriate governmental
and regulatory agencies all forms, reports, schedules, statements and other documents required to be filed by it under applicable
law, rule or regulation.

 

7.1.5.
Security Agreements. SkyAuction represents and warrants that there has been no assignment or transfer of or giving of a security
interest in or encumbrance upon any interest in any claim which it or its Affiliates may have against uBid, any uBid Shareholder
or upon any asset of uBid.

 

7.1.6.
Review. SkyAuction represents that it (i) has carefully read this Agreement; (ii) knows the contents of this Agreement; (iii)
has had the advice of counsel of such party’s choosing in connection with the subject matter hereof, and the advice thereof
is reflected in the provisions of this Agreement; and (iv) has not been influenced to any extent whatsoever in doing so by any
other Party or by any other person or entity, except for those representations, statements and promises expressly set forth herein.

 

7.1.7.
Information and Statements. No representation or warranty made by or on behalf of the SkyAuction under this Agreement contains
any untrue statement of a material fact or omits to state a material fact necessary in order to make the statements so made, in
light of the circumstances under which they are made, not misleading.

 

7.1.8.
Cooperation on Tax Matters. SkyAuction agrees to furnish or cause to be furnished to the other Parties upon request as promptly
as practicable such information (including access to books and records) and information and assistance relating to this Agreements
as is reasonably necessary for the filing of any tax or information return, for the preparation of any tax audit, and for the
prosecution or defense of any claim, suit or proceeding relating to any proposed tax adjustment.

 

8.
REPRESENTATIONS AND WARRANTIES OF UBID

 

8.1.
uBid hereby makes the following representations and warranties:

 

8.1.1.
Authority and Qualification. uBid has the power and authority to enter into this Agreement.

 

8.1.2.
Authorization; Validity and Effect of Agreement. uBid has the requisite corporate power and authority to execute, deliver
and perform its obligations under this Agreement and to consummate this Agreement. The execution and delivery of this Agreement
by uBid and the performance by uBid of its obligations hereunder and the consummation of the Sale have been duly authorized by
its board of directors and its shareholders and all other necessary company action on the part of uBid has been taken and no other
company proceedings on the part of uBid are necessary to authorize this Agreement and this Agreement. This Agreement has been
duly and validly executed and delivered by uBid and, assuming that it has been duly authorized, executed and delivered by the
other Parties hereto, constitutes a legal, valid and binding obligation of uBid, enforceable against it in accordance with its
terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws
relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in
equity or at law) and an implied covenant of good faith and fair dealing.

 

    	 

    	Exhibit 10.3

    

Page
7 of 14

 

8.1.3.
No Conflict; Required Filings and Consents. No Conflict; Required Filings and Consents. Neither the execution and delivery
of this Agreement by uBid nor the performance by uBid of its obligations hereunder, nor the consummation of the Sale pursuant
to the terms of the Sale,

 

8.1.3.1.
shall conflict with uBid certificate of incorporation or bylaws;

 

8.1.3.2.
shall violate any statute, law, ordinance, rule or regulation applicable to uBid, or any of its assets or properties;

 

8.1.3.3.
shall violate, breach, be in conflict with or constitute a default under any Material Contract or any order, judgment or decree
to which uBid is a party or by which uBid, or any of its respective assets or properties is bound or encumbered.

 

8.1.4.
Filing of Required Reports. To the best of uBid’s knowledge, uBid has filed with all appropriate governmental and regulatory
agencies all forms, reports, schedules, statements and other documents required to be filed by it under applicable law, rule or
regulation.

 

8.1.5
Security Agreements. uBid represents and warrants that there has been no assignment or transfer of or giving of a security
interest in or encumbrance upon any interest in any claim which it or its Affiliates may have against the SkyAuction Shares.

 

8.1.6.
Review. uBid represents that it: (i) has carefully read this Agreement; (ii) knows the contents of this Stock Sale Agreement
and Mutual Release; (iii) has had the advice of counsel of such party’s choosing in connection with the subject matter hereof,
and the advice thereof is reflected in the provisions of this Agreement; and (iv) has not been influenced to any extent whatsoever
in doing so by any other Party or by any other person or entity, except for those representations, statements and promises expressly
set forth herein.

 

8.1.7.
Information and Statements. No representation or warranty made by or on behalf of uBid under this Agreement contains any untrue
statement of a material fact or omits to state a material fact necessary in order to make the statements so made, in light of
the circumstances under which they are made.

 

8.1.8.
Cooperation on Tax Matters. uBid agrees to furnish or cause to be furnished to the other Parties upon request as promptly
as practicable such information (including access to books and records) and information and assistance relating to this Agreements
as is reasonably necessary for the filing of any tax or information return, for the preparation of any tax audit, and for the
prosecution or defense of any claim, suit or proceeding relating to any proposed tax adjustment.

 

    	 

    	Exhibit 10.3

    

Page
8 of 14

 

9.
CONDITIONS TO CONSUMMATION OF THE SALE

 

9.1.
Conditions to Obligations of SkyAuction. The obligations of SkyAuction to consummate this Agreement shall be subject to the
fulfillment by uBid, or written waiver by SkyAuction, at or prior to the Closing, of each of the following conditions:

 

9.1.1.
The representations and warranties of the uBid set out in this Agreement shall be true and correct in all material respects at
and as of the time of the Closing as though such representations and warranties were made at and as of such time;

 

9.1.2.
uBid shall have performed and complied in all material respects with all covenants, conditions, obligations and agreements required
by this Agreement to be performed or complied with on or prior to the Closing Date;

 

9.1.3.
uBid shall have executed and caused to be delivered to SkyAuction the Mutual Confidential Nondisclosure Agreement described in
Section 5.1.

 

9.2.
Conditions to Obligations of uBid. The obligations of uBid under this Agreement shall be subject to the fulfillment by SkyAuction,
or written waiver by uBid, at or prior to the Closing, of each of the following conditions:

 

9.2.1.
The representations and warranties of SkyAuction set out in this Agreement shall be true and correct in all material respects
at and as of the time of the Closing as though such representations and warranties were made at and as of such time;

 

9.2.2.
SkyAuction shall have performed and complied in all material respects with all covenants, conditions, obligations and agreements
required by this Agreement to be performed or complied with by SkyAuction on or prior to the Closing Date.

 

9.2.3
SkyAuction shall have executed and caused to be delivered to uBid the Mutual Confidential Nondisclosure Agreement described in
Section 5.4.

 

9.3.
Other Conditions to Obligations of the Parties. The obligations of Parties hereto to consummate this Agreement shall be subject
to the fulfillment, or written waiver by each of SkyAuction and uBid, at or prior to the Closing, of each of the following conditions:

 

9.3.1.
All director, shareholder, lender, lessor and other Parties’ consents and approvals, as well as all filings with, and all
necessary consents or approvals of, all federal, state and local governmental authorities and agencies, as are required under
this Agreement, applicable law or any applicable contract or agreement (other than as contemplated by this Agreement) to complete
the Sale shall have been secured; and

 

    	 

    	Exhibit 10.3

    

Page
9 of 14

 

9.3.2.
No statute, rule, regulation, executive order, decree, preliminary or permanent injunction, or restraining order shall have been
enacted, entered, promulgated or enforced by any Governmental Authority that prohibits or restricts the consummation of the Sale.

 

10.
TERMINATION

 

10.1.
Termination. This Agreement may be terminated at any time prior to the Closing as follows:

 

10.1.1.
by mutual consent of SkyAuction and uBid;

 

10.1.2.
by SkyAuction upon written notice to uBid if any of the conditions to the Closing set forth in Sections 9.1 or 9.3 shall have
become incapable of fulfillment and shall not have been waived in writing by SkyAuction; or

 

10.1.3.
by uBid upon written notice to SkyAuction if any of the conditions to the Closing set forth in Sections 9.2 or 9.3 shall have
become incapable of fulfillment and shall not have been waived in writing by uBid.

 

10.2.
Procedures and Effect of Termination. In the event of termination of this Agreement pursuant to Section 10.1 hereof, written
notice thereof shall forthwith be given by the terminating party to the other party, and, except as set forth below, this Agreement
shall terminate and be void and have no effect and the Sale shall be abandoned without any further action by the Parties hereto.
If this Agreement is terminated as provided herein:

 

10.2.1.
each Party hereto shall redeliver, and shall cause its agents (including, without limitation, attorneys and accountants) to redeliver,
all documents, work papers and other material of each party hereto relating to the Sale, whether obtained before or after the
date hereof; and

 

10.2.2.
each Party agrees that all Confidential Information received by either Party, including the terms of this Agreement or the Sale,
shall be kept confidential notwithstanding the termination of this Agreement except as required by law.

 

11.
MISCELLANEOUS.

 

11.1.
Entire Agreement. This Agreement and the documents referred to herein constitute the entire agreement between the Parties
hereto pertaining to the subject matter hereof, and any and all other written or oral agreements existing between the Parties
hereto are expressly canceled. This Agreement and all of its provisions and conditions are for the sole and exclusive benefit
of the Parties to this Agreement and their successors and assigns. The Parties have voluntarily agreed to define their rights,
liabilities, and obligations respecting this Agreements exclusively in contract pursuant to the express terms and provisions of
this Agreement and the Parties expressly disclaim that they are owed any duties or are entitled to any remedies not expressly
set forth in this Agreement.

 

    	 

    	Exhibit 10.3

    

Page
10 of 14

 

11.2.
Amendment and Modifications. This Agreement may not be amended, modified or supplemented except by an instrument or instruments
in writing signed by the Party against whom enforcement of any such amendment, modification or supplement is sought.

 

11.3.
Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective
successors and assigns, provided, however, that no party hereto may assign its rights or delegate its obligations under this Agreement
without the express prior written consent of the other Party hereto. Except as provided in this Article 11, nothing in this Agreement
is intended to confer upon any person not a Party hereto (and their successors and assigns) any rights, remedies, obligations
or liabilities under or by reason of this Agreement.

 

11.4.
Survival of Representations, Warranties and Covenants. The representations and warranties contained herein shall survive the
Closing. All covenants and agreements contained herein which by their terms contemplate actions following the Closing shall survive
the Closing and remain in full force and effect in accordance with their terms. All other covenants and agreements contained herein
shall not survive the Closing and shall thereupon terminate.

 

11.5.
Notices. All notices, requests, demands and other communications under this Agreement or in connection herewith shall be given
to or made upon (i) uBid, Lakeside Corporate Court, 5880 Live Oak Parkway, Suite 100, Norcross, Georgia 30093, Attention: Ketan
Thakker, email ketan.thakker@ubid.com, with a courtesy copy (which shall not constitute notice) to Culhane Meadows, PLLC,
1101 Pennsylvania Avenue, NW, Suite 300, Washington, DC 20004, Attn: Ernest Stern, Esq., email estern@cm.law, (ii) to SkyAuction
and Michael Hering at 241 North Avenue West, Westfield, New Jersey 07090, Attn., Michael Hering, email michael@skyauction.com,
with a courtesy copy (which shall not constitute notice) to ________________________., and to (iii) Esposito at 241 North Ave.
West, Westfield, NJ 07090, sal@skyauction.com. All notices, requests, demands and other communications given or made in
accordance with the provisions of this Agreement shall be in writing, and shall be sent by mail, return receipt requested, or
by email or facsimile with confirmation of receipt, and shall be deemed to be given or made when receipt is so confirmed. Any
Party may, by written notice to the other, alter its address or respondent, and such notice shall be considered to have been given
three (3) days after the mailing or faxing thereof.

 

11.6.
Binding Effect. Except as may be otherwise provided herein, this Agreement will be binding upon and inure to the benefit of
the Parties hereto and their respective successors and permitted assigns, but neither this Agreement nor any of the rights or
obligations hereunder shall be assigned by any of the Parties hereto without the prior written consent of the other Parties. Except
as otherwise specifically provided in this Agreement, nothing in this Agreement is intended or will be construed to confer on
any person other than the Parties hereto any rights or benefits hereunder.

 

11.7.
Headings. The headings in this Agreement are intended solely for convenience of reference and will be given no effect in the
construction or interpretation of this Agreement.

 

    	 

    	Exhibit 10.3

    

Page
11 of 14

 

11.8.
Counterparts. This Agreement may be executed in multiple counterparts, each of which will be deemed an original, and all of
which together will constitute one and the same document. Any signature page delivered by a fax machine, telecopy machine or electronic
mail shall be binding to the same extent as an original signature page, with regard to any agreement subject to the terms hereof
or any amendment thereto. Any party who delivers such a signature page agrees to later deliver an original signed counterpart
to any party which requests it.

 

11.9.
Governing Law; Venue. This Agreement shall be governed by and construed in accordance with the domestic laws of the State
of Delaware without giving effect to any choice or conflict of law provision or rule that would cause the application of the laws
of any jurisdiction other than the State of Delaware. Any action or proceeding seeking to enforce any provision of, or
based on any right arising out of, this Agreement shall be brought against any of the Parties in the state or federal courts of
the State of Georgia, Fulton County, and each of the Parties consents to the jurisdiction of such courts (and of the appropriate
appellate courts) in any such action or proceeding and waives any objection to venue laid therein. Process in any action or proceeding
referred to in the preceding sentence may be served on any party anywhere in the world.

 

11.10.
Waivers. Compliance with the provisions of this Agreement may be waived only by a written instrument specifically referring
to this Agreement and signed by the party waiving compliance. No course of dealing, nor any failure or delay in exercising any
right, will be construed as a waiver, and no single or partial exercise of a right will preclude any other or further exercise
of that or any other right.

 

11.11.
Pronouns. The use of a particular pronoun herein will not be restrictive as to gender or number but will be interpreted in
all cases as the context may require.

 

11.12.
Joint Preparation. This Agreement has been jointly prepared by the Parties and the provisions hereof will not be construed
more strictly against one party than another as a result of its participation in such preparation. Each party has consulted such
legal, financial, technical or other expert it deems necessary or desirable before entering into this Agreement. Each Party warrants
that it has read, knows, understands and agrees with the terms and conditions of this Agreement.

 

11.13
Time Periods. Any action required hereunder to be taken within a certain number of days will be taken within that number of
calendar days unless otherwise provided; provided, however, that if the last day for taking such action falls on
a weekend or a holiday, the period during which such action may be taken will be automatically extended to the next business day.

 

11.14.
Modification. Any term of this Agreement may be amended only with the written consent of the Parties hereto.

 

11.15.
Severability. If one or more provisions of this Agreement are held to be unenforceable under applicable law, portions of such
provisions, or such provisions in their entirety, to the extent necessary, shall be severed from this Agreement and the balance
of this Agreement shall be interpreted as if such provision were so excluded and shall be enforceable in accordance with its terms.

 

11.16.
Public Announcements. Prior to Closing, any public announcement or similar publicity with respect to this Agreement or the
contemplated transactions will be issued, if at all, at such time and in such manner as uBid and Hering mutually agree, and if
after the Closing only as determined by uBid and Hering. Prior to Closing, unless mutually agreed by uBid and Hering in advance
or required by legal requirements, the Parties shall keep this Agreement strictly confidential and may not make any disclosure
of this Agreement to any Person. Ubid and Hering will consult and agree with each other concerning the means by which the SkyAuction’s
employees, customers, and suppliers and others having dealings with SkyAuction will be informed of the contemplated transactions
if prior to Closing, and both Parties will have the right to be present for any such communication if prior to Closing.

 

[Signature
Page Follows]

 

    	 

    	Exhibit 10.3

    

Page
12 of 14

 

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

 

	 	UBID
    HOLDINGS, INC.
	 	 
	 	By:	/s/
    Ketan Thakker
	 	 	Name:
    Ketan Thakker
	 	 	Title:
    President and CEO
	 	 
	 	SKYAUCTION
    COM, INC.
	 	 
	 	By:	/s/
    Michael Hering
	 	 	Name:
    Michael Hering
	 	 	Title:
    President
	 	 
	 	SHAREHOLDER
    REPRESENTATIVE
	 	 
	 	/s/
    Michael Hering 
	 	Michael
    Hering
	 	 
	 	/s/
    Michael Hering 
	 	Michael
    Hering
	 	 
	 	/s/ Salvatore Esposito
	 	Salvatore
    Esposito

 

    	 

    	Exhibit 10.3

    

Page
13 of 14

 

SCHEDULE
1

Merger
Agreement and Other Agreements Subject to this Stock Sale Agreement and Mutual Release

 

	 	Title	 	Parties	 	Date
	1.	Agreement
    and Plan of Merger	 	SkyAuction.com,
    Inc. (“Skyauction”), uBid Holdings, Inc. (“uBid”), SA Acquisition Corp. and Michael Hering,
    	 	November
    12, 2018
	2.	Promissory
    Note	 	SkyAuction,
    uBid, Michael Hering	 	November
    12, 2018
	3.	Unconditional
    Secured Guaranty 	 	SkyAuction,
    uBid 	 	November
    12, 2018

 

    	 

    	Exhibit 10.3

    

Page
14 of 14

 

Exhibit
A

 

MUTUAL
NONDISCLOSURE AGREEMENTExhibit
10.4

Page 1 of 10 

 

NEITHER
THIS SECURITY NOR THE SECURITIES AS TO WHICH THIS SECURITY MAY BE EXERCISED 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 EXERCISE OF THIS SECURITY MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN
ACCOUNT OR OTHER LOAN SECURED BY SUCH SECURITIES.

 

COMMON
STOCK PURCHASE WARRANT

 

UBID
HOLDINGS, INC.

 

Warrant
Shares: 33,333

Date
of Issuance: April 24, 2019 (“Issuance Date”)

 

This
COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, EROP Capital LLC (including
any permitted and registered assigns, the “Holder”), are entitled, upon the terms and subject to the limitations
on exercise and the conditions hereinafter set forth, at any time on or after the date of issuance hereof, to purchase from uBid
Holdings, Inc., a Delaware corporation (the “Company”), up to 33,333 shares of Common Stock (as defined below)
(the “Warrant Shares”) (whereby such number may be adjusted from time to time pursuant to the terms and conditions
of this Warrant) at the Exercise Price per share then in effect.

 

For
purposes of this Warrant, the term “Exercise Price” shall mean $9.00, subject to adjustment as provided herein
(including but not limited to cashless exercise), and the term “Exercise Period” shall mean the period commencing
on the Issuance Date and ending on 5:00 p.m. eastern standard time on the three-year anniversary thereof.

 

1.
EXERCISE OF WARRANT.

 

(a)
Mechanics of Exercise. Subject to the terms and conditions hereof, the rights represented by this Warrant may be exercised
in whole or in part at any time or times during the Exercise Period by delivery of a written notice, in the form attached hereto
as Exhibit A (the “Exercise Notice”), of the Holder’s election to exercise this Warrant. The Holder
shall not be required to deliver the original Warrant in order to effect an exercise hereunder. Partial exercises of this Warrant
resulting in purchases of a portion of the total number of Warrant Shares available hereunder shall have the effect of lowering
the outstanding number of Warrant Shares purchasable hereunder in an amount equal to the applicable number of Warrant Shares purchased.
On or before the second Trading Day (the “Warrant Share Delivery Date”) following the date on which the Holder
sent the Exercise Notice to the Company or the Company’s transfer agent, and upon receipt by the Company of payment to the
Company of an amount equal to the applicable Exercise Price multiplied by the number of Warrant Shares as to which all or a portion
of this Warrant is being exercised (the “Aggregate Exercise Price” and together with the Exercise Notice, the
“Exercise Delivery Documents”) in cash or by wire transfer of immediately available funds (or by cashless exercise,
in which case there shall be no Aggregate Exercise Price provided), the Company shall (or direct its transfer agent to) issue
and dispatch by overnight courier to the address as specified in the Exercise Notice, a certificate, registered in the Company’s
share register in the name of the Holder or its designee, for the number of shares of Common Stock to which the Holder is entitled
pursuant to such exercise (or deliver such shares of Common Stock in electronic format if requested by the Holder). Upon delivery
of the Exercise Delivery Documents, the Holder shall be deemed for all corporate purposes to have become the holder of record
of the Warrant Shares with respect to which this Warrant has been exercised, irrespective of the date of delivery of the certificates
evidencing such Warrant Shares. If this Warrant is submitted in connection with any exercise and the number of Warrant Shares
represented by this Warrant submitted for exercise is greater than the number of Warrant Shares being acquired upon an exercise,
then the Company shall as soon as practicable and in no event later than three Business Days after any exercise and at its own
expense, issue a new Warrant (in accordance with Section 6) representing the right to purchase the number of Warrant Shares purchasable
immediately prior to such exercise under this Warrant, less the number of Warrant Shares with respect to which this Warrant is
exercised.

 

    	 

    	Exhibit 10.4

    

Page
2 of 10

 

If
the Company fails to cause its transfer agent to transmit to the Holder the respective shares of Common Stock by the respective
Warrant Share Delivery Date, then the Holder will have the right to rescind such exercise in Holder’s sole discretion, and
such failure shall be deemed an event of default under the Note.

 

If
(i) the Market Price of one share of Common Stock is greater than the Exercise Price and (ii) there is no effective non-stale
registration statement of the Company covering the Holder’s immediate resale of the Warrant Shares at prevailing market
prices without any limitations, the Holder may elect to receive Warrant Shares pursuant to a cashless exercise, in lieu of a cash
exercise, equal to the value of this Warrant determined in the manner described below (or of any portion thereof remaining unexercised)
by surrender of this Warrant and a Notice of Exercise, in which event the Company shall issue to Holder a number of Common Stock
computed using the following formula:

 

X
= Y (A-B)

A

 

	 	Where	X=	the
    number of Shares to be issued to Holder.
	 	 	 	 
	 	 	Y
    =	the
    number of Warrant Shares that the Holder elects to purchase under this Warrant (at the date of such calculation).
	 	 	 	 
	 	 	A
    =	the
    Market Price (at the date of such calculation).
	 	 	 	 
	 	 	B
    =	Exercise
    Price (as adjusted to the date of such calculation).

 

(b)
No Fractional Shares. No fractional shares shall be issued upon the exercise of this Warrant as a consequence of any adjustment
pursuant hereto. All Warrant Shares (including fractions) issuable upon exercise of this Warrant may be aggregated for purposes
of determining whether the exercise would result in the issuance of any fractional share. If, after aggregation, the exercise
would result in the issuance of a fractional share, the Company shall, in lieu of issuance of any fractional share, pay the Holder
otherwise entitled to such fraction a sum in cash equal to the product resulting from multiplying the then-current fair market
value of a Warrant Share by such fraction.

 

(c)
Holder’s Exercise Limitations. The Company shall not effect any exercise of this Warrant, and a Holder shall not
have the right to exercise any portion of this Warrant, to the extent that after giving effect to issuance of Warrant Shares upon
exercise as set forth on the applicable Notice of Exercise, the Holder (together with the Holder’s Affiliates, and any other
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 below. For purposes of the foregoing sentence, the number of shares of Common
Stock beneficially owned by the Holder and its Affiliates shall include the number of shares of Common Stock issuable upon exercise
of this Warrant with respect to which such determination is being made, but shall exclude the number of shares of Common Stock
which would be issuable upon (i) exercise of the remaining, non-exercised portion of this Warrant beneficially owned by the Holder
or any of its Affiliates and (ii) exercise or conversion of the unexercised or non-converted portion of any other securities of
the Company (including without limitation any other Common Stock Equivalents) subject to a limitation on conversion or exercise
analogous to the limitation contained herein beneficially owned by the Holder or any of its Affiliates. Except as set forth in
the preceding sentence, for purposes of this paragraph (d), beneficial ownership shall be calculated in accordance with Section
13(d) of the Exchange Act, it being acknowledged by the Holder that the Company is not representing to the Holder that such calculation
is in compliance with Section 13(d) of the Exchange Act and the Holder is solely responsible for any schedules required to be
filed in accordance therewith. To the extent that the limitation contained in this paragraph applies, the determination of whether
this Warrant is exercisable (in relation to other securities owned by the Holder together with any affiliates) and of which portion
of this Warrant is exercisable shall be in the sole discretion of the Holder, and the submission of a Notice of Exercise shall
be deemed to be the Holder’s determination of whether this Warrant is exercisable (in relation to other securities owned
by the Holder together with any Affiliates) and of which portion of this Warrant is exercisable, in each case subject to the Beneficial
Ownership Limitation, and the Company shall have no obligation to verify or confirm the accuracy of such determination.

 

    	 

    	Exhibit 10.4

    

Page
3 of 10

 

For
purposes of this paragraph, in determining the number of outstanding shares of Common Stock, a Holder may rely on the number of
outstanding shares of Common Stock as reflected in (A) the Company’s most recent periodic or annual report filed with the
Commission, as the case may be, (B) a more recent public announcement by the Company or (C) a more recent written notice by the
Company or its transfer agent setting forth the number of shares of Common Stock outstanding. Upon the request of a Holder, the
Company shall within two Trading Days confirm to the Holder the number of shares of Common Stock then outstanding. In any case,
the number of outstanding shares of Common Stock shall be determined after giving effect to the conversion or exercise of securities
of the Company, including this Warrant, by the Holder or its affiliates since the date as of which such number of outstanding
shares of Common Stock was reported. The “Beneficial Ownership Limitation” shall be 4.99% of the number of
shares of the Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock issuable upon
exercise of this Warrant. The limitations contained in this paragraph shall apply to a successor Holder of this Warrant.

 

2.
ADJUSTMENTS. The Exercise Price and the number of Warrant Shares shall be adjusted from time to time as follows:

 

(a)
Distribution of Assets. If the Company shall declare or make any dividend or other distribution of its assets (or rights
to acquire its assets) to holders of shares of Common Stock, by way of return of capital or otherwise (including without limitation
any distribution of cash, stock or other securities, property or options by way of a dividend, spin off, reclassification, corporate
rearrangement or other similar transaction, but not including a reverse split with respect to the Common Stock) (a “Distribution”),
at any time after the issuance of this Warrant, then, in each such case:

 

(i)
any Exercise Price in effect immediately prior to the close of business on the record date fixed for the determination of holders
of shares of Common Stock entitled to receive the Distribution shall be reduced, effective as of the close of business on such
record date, to a price determined by multiplying such Exercise Price by a fraction (i) the numerator of which shall be the Closing
Sale Price of the shares of Common Stock on the Trading Day immediately preceding such record date minus the value of the Distribution
(as determined in good faith by the Company’s Board of Directors) applicable to one share of Common Stock, and (ii) the
denominator of which shall be the Closing Sale Price of the shares of Common Stock on the Trading Day immediately preceding such
record date; and

 

(ii)
the number of Warrant Shares shall be increased to a number of shares equal to the number of shares of Common Stock obtainable
immediately prior to the close of business on the record date fixed for the determination of holders of shares of Common Stock
entitled to receive the Distribution multiplied by the reciprocal of the fraction set forth in the immediately preceding clause
(i); provided, however, that in the event that the Distribution is of shares of common stock of a company (other than the Company)
whose common stock is traded on a national securities exchange or a national automated quotation system (“Other Shares
of Common Stock”), then the Holder may elect to receive a warrant to purchase Other Shares of Common Stock in lieu of
an increase in the number of Warrant Shares, the terms of which shall be identical to those of this Warrant, except that such
warrant shall be exercisable into the number of shares of Other Shares of Common Stock that would have been payable to the Holder
pursuant to the Distribution had the Holder exercised this Warrant immediately prior to such record date and with an aggregate
exercise price equal to the product of the amount by which the exercise price of this Warrant was decreased with respect to the
Distribution pursuant to the terms of the immediately preceding clause (i) and the number of Warrant Shares calculated in accordance
with the first part of this clause (ii).

 

    	 

    	Exhibit 10.4

    

Page
4 of 10

 

(iii)
For the avoidance of doubt, no adjustment shall occur when shares of outstanding Common Stock are merged proportionally across
all stockholders to form a smaller number of outstanding shares of Common Stock.

 

3.
FUNDAMENTAL TRANSACTIONS. If, at any time while this Warrant is outstanding, (i) the Company effects any merger of the
Company with or into another entity and the Company is not the surviving entity (such surviving entity, the “Successor
Entity”), (ii) the Company effects any sale of all or substantially all of its assets in one or a series of related
transactions, (iii) any tender offer or exchange offer (whether by the Company or by another individual or entity, and approved
by the Company) is completed pursuant to which holders of Common Stock are permitted to tender or exchange their shares of Common
Stock for other securities, cash or property and the holders of at least 50% of the Common Stock accept such offer, or (iv) the
Company effects any reclassification of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is
effectively converted into or exchanged for other securities, cash or property (other than as a result of a subdivision or combination
of shares of Common Stock) (in any such case, a “Fundamental Transaction”), then, upon any subsequent exercise
of this Warrant, the Holder shall have the right to receive the number of shares of Common Stock of the Successor Entity or of
the Company and any additional consideration (the “Alternate Consideration”) receivable upon or as a result
of such reorganization, reclassification, merger, consolidation or disposition of assets by a holder of the number of shares of
Common Stock for which this Warrant is exercisable immediately prior to such event (disregarding any limitation on exercise contained
herein solely for the purpose of such determination). For purposes of any such exercise, the determination of the Exercise Price
shall be appropriately adjusted to apply to such Alternate Consideration based on the amount of Alternate Consideration issuable
in respect of one share of Common Stock in such Fundamental Transaction, and the Company shall apportion the Exercise Price among
the Alternate Consideration in a reasonable manner reflecting the relative value of any different components of the Alternate
Consideration. If holders of Common Stock are given any choice as to the securities, cash or property to be received in a Fundamental
Transaction, then the Holder shall be given the same choice as to the Alternate Consideration it receives upon any exercise of
this Warrant following such Fundamental Transaction. To the extent necessary to effectuate the foregoing provisions, any Successor
Entity in such Fundamental Transaction shall issue to the Holder a new warrant consistent with the foregoing provisions and evidencing
the Holder’s right to exercise such warrant into Alternate Consideration.

 

4.
NON-CIRCUMVENTION. The Company covenants and agrees that it will not, by amendment of its certificate of incorporation,
bylaws or through any reorganization, transfer of assets, consolidation, merger, scheme of arrangement, dissolution, issue or
sale of securities, or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of
this Warrant, and will at all times in good faith carry out all the provisions of this Warrant and take all action as may be required
to protect the rights of the Holder. Without limiting the generality of the foregoing, the Company (i) shall not increase the
par value of any shares of Common Stock receivable upon the exercise of this Warrant above the Exercise Price then in effect,
(ii) shall take all such actions as may be necessary or appropriate in order that the Company may validly and legally issue fully
paid and non-assessable shares of Common Stock upon the exercise of this Warrant, and (iii) shall, for so long as this Warrant
is outstanding, have authorized and reserved, free from preemptive rights, ten times the number of shares of Common Stock that
is actually issuable upon full exercise of the Warrant (based on the Exercise Price in effect from time to time, and without regard
to any limitations on exercise).

 

5.
WARRANT HOLDER NOT DEEMED A STOCKHOLDER. Except as otherwise specifically provided herein, this Warrant, in and of itself,
shall not entitle the Holder to any voting rights or other rights as a stockholder of the Company. In addition, nothing contained
in this Warrant shall be construed as imposing any liabilities on the Holder to purchase any securities (upon exercise of this
Warrant or otherwise) or as a stockholder of the Company, whether such liabilities are asserted by the Company or by creditors
of the Company.

 

6.
REISSUANCE.

 

(a)
Lost, Stolen or Mutilated Warrant. If this Warrant is lost, stolen, mutilated or destroyed, the Company will, on such terms
as to indemnity or otherwise as it may reasonably impose (which shall, in the case of a mutilated Warrant, include the surrender
thereof), issue a new Warrant of like denomination and tenor as this Warrant so lost, stolen, mutilated or destroyed.

 

    	 

    	Exhibit 10.4

    

Page
5 of 10

 

(b)
Issuance of New Warrants. Whenever the Company is required to issue a new Warrant pursuant to the terms of this Warrant,
such new Warrant shall be of like tenor with this Warrant, and shall have an issuance date, as indicated on the face of such new
Warrant which is the same as the Issuance Date.

 

7.
TRANSFER.

 

(a)
Notice of Transfer. The Holder agrees to give written notice to the Company before transferring this Warrant or transferring
any Warrant Shares of such Holder’s intention to do so, describing briefly the manner of any proposed transfer. Promptly
upon receiving such written notice, the Company shall present copies thereof to the Company’s counsel. If the proposed transfer
may be effected without registration or qualification (under any federal or state securities laws), the Company, as promptly as
practicable, shall notify the Holder thereof, whereupon the Holder shall be entitled to transfer this Warrant or to dispose of
Warrant Shares received upon the previous exercise of this Warrant, all in accordance with the terms of the notice delivered by
the Holder to the Company; provided, however, that an appropriate legend may be endorsed on this Warrant or the certificates for
such Warrant Shares respecting restrictions upon transfer thereof necessary or advisable in the opinion of counsel and satisfactory
to the Company to prevent further transfers which would be in violation of Section 5 of the Securities Act and applicable state
securities laws; and provided further that the prospective transferee or purchaser shall execute the Assignment of Warrant attached
hereto as Exhibit B and such other documents and make such representations, warranties, and agreements as may be required
solely to comply with the exemptions relied upon by the Company for the transfer or disposition of the Warrant or Warrant Shares.

 

(b)
If the proposed transfer or disposition of this Warrant or such Warrant Shares described in the written notice given pursuant
to this Section 7 may not be effected without registration or qualification of this Warrant or such Warrant Shares, the Holder
will limit its activities in respect to such transfer or disposition as are permitted by law.

 

(c)
Any transferee of all or a portion of this Warrant shall succeed to the rights and benefits of the initial Holder of this Warrant.

 

8.
NOTICES. All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder
shall be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered
or certified, return receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid,
or (iv) transmitted by hand delivery or electronic mail, addressed as set forth below or to such other address as such party shall
have specified most recently by written notice. Any notice or other communication required or permitted to be given hereunder
shall be deemed effective (a) upon hand delivery or delivery by electronic mail, with confirmation of receipt, at the address
or number designated below (if delivered on a business day during normal business hours where such notice is to be received),
or the first business day following such delivery (if delivered other than on a business day during normal business hours where
such notice is to be received) or (b) on the second business day following the date of mailing by express courier service, fully
prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first occur. The addresses for such
communications shall be:

 

If
to the Company, to:

uBid
Holdings, Inc.

Lakeside
Corporate Court, 5880 Live Oak Parkway, Suite 100

Norcross,
Georgia 30093

Attn:
Ketan Thakker, Chief Executive Officer

Email:
ketan.thakker@ubid.com

 

    	 

    	Exhibit 10.4

    

Page
6 of 10

 

With
a copy to:

Culhane
Meadows PLLC

1101
Pennsylvania Avenue, N.W.

Suite
300

Washington,
D.C. 20004

Attn:
Ernest M. Stern, Esq.

Email:
estern@culhanemeadows.com

 

If
to the Holder:

 

EROP
Capital LLC

912
Holcomb Bridge Road

Suite
101

Roswell,
Georgia 30076

Attn:
Vince Sbarra, President

Email:
manager@eroppfund.com

 

9.
AMENDMENT AND WAIVER. The terms of this Warrant may be amended or waived (either generally or in a particular instance
and either retroactively or prospectively) only with the written consent of the Company and the Holder.

 

10.
GOVERNING LAW. This Warrant shall be governed by and construed in accordance with the laws of the State of Delaware without
regard to principles of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated
by this Warrant shall be brought only in the state and federal courts in Fulton County, Georgia. The parties to this Warrant hereby
irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder and shall not assert any defense
based on lack of jurisdiction or venue or based upon forum non conveniens. THE BORROWER HEREBY IRREVOCABLY WAIVES ANY
RIGHT IT MAY HAVE TO, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH
OR ARISING OUT OF THIS WARRANT OR ANY TRANSACTION CONTEMPLATED HEREBY. The prevailing party shall be entitled to recover from
the other party its reasonable attorney’s fees and costs. In the event that any provision of this Warrant or any other agreement
delivered in connection herewith is invalid or unenforceable under any applicable statute or rule of law, then such provision
shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with such statute
or rule of law. Any such provision which may prove invalid or unenforceable under any law shall not affect the validity or enforceability
of any other provision of any agreement. Each party hereby irrevocably waives personal service of process and consents to process
being served in any suit, action or proceeding in connection with this Agreement or any other Transaction Document by mailing
a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address
in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of
process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other
manner permitted by law.

 

11.
ACCEPTANCE. Receipt of this Warrant by the Holder shall constitute acceptance of and agreement to all of the terms and
conditions contained herein.

 

12.
CERTAIN DEFINITIONS. For purposes of this Warrant, the following terms shall have the following meanings:

 

(a)
“Nasdaq” means www.Nasdaq.com.

 

(b)
“Closing Sale Price” means, for any security as of any date, (i) the last closing trade price for such security
on the Principal Market, as reported by Nasdaq, or, if the Principal Market begins to operate on an extended hours basis and does
not designate the closing trade price, then the last trade price of such security prior to 4:00 p.m., New York time, as reported
by Nasdaq, or (ii) if the foregoing does not apply, the last trade price of such security in the over-the-counter market for such
security as reported by Nasdaq, or (iii) if no last trade price is reported for such security by Nasdaq, the average of the bid
and ask prices of any market makers for such security as reported by the OTC Markets. If the Closing Sale Price cannot be calculated
for a security on a particular date on any of the foregoing bases, the Closing Sale Price of such security on such date shall
be the fair market value as mutually determined by the Company and the Holder. All such determinations to be appropriately adjusted
for any stock dividend, stock split, stock combination or other similar transaction during the applicable calculation period.

 

    	 

    	Exhibit 10.4

    

Page
7 of 10

 

(c)
“Common Stock” means the Company’s common stock, and any other class of securities into which such securities
may hereafter be reclassified or changed.

 

(d)
“Common Stock Equivalents” means any securities of the Company that would entitle the holder thereof to acquire at
any time Common Stock, including without limitation any debt, preferred stock, rights, options, warrants or other instrument that
is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common
Stock.

 

(e)
“Dilutive Issuance” is any issuance of Common Stock or Common Stock Equivalents described in Section 2(b) above; provided,
however, that a Dilutive Issuance shall not include any Exempt Issuance.

 

(f)
“Exempt Issuance” means the issuance of (i) shares of Common Stock or options to employees, officers, or directors
of the Company pursuant to any stock or option plan duly adopted by a majority of the non-employee members of the Board of Directors
of the Company or a majority of the members of a committee of non-employee directors established for such purpose, and (ii) shares
of Common Stock issued pursuant to real property leasing arrangement from a bank approved by the Board of Directors of the Company.

 

(g)
“Principal Market” means the primary national securities exchange on which the Common Stock is then traded.

 

(h)
“Market Price” means the highest traded price of the Common Stock during the one hundred fifty Trading Days prior
to the date of the respective Exercise Notice.

 

(i)
“Trading Day” means (i) any day on which the Common Stock is listed or quoted and traded on its Principal Market,
(ii) if the Common Stock is not then listed or quoted and traded on any national securities exchange, then a day on which trading
occurs on any over-the-counter markets, or (iii) if trading does not occur on the over-the-counter markets, any Business Day.

 

*
* * * * * *

 

    	 

    	Exhibit 10.4

    

Page
8 of 10

 

IN
WITNESS WHEREOF, the Company has caused this Warrant to be duly executed as of the Issuance Date set forth above.

 

	 	UBID HOLDINGS, INC.
	 	 	 
	 	/s/ Ketan
    Thakker
	 	Name:
    	Ketan
    Thakker
	 	Title:
    	Chief
    Executive Officer

 

    	 

    	Exhibit 10.4

    

Page
9 of 10

 

EXHIBIT
A

 

EXERCISE
NOTICE

 

(To
be executed by the registered holder to exercise this Common Stock Purchase Warrant)

 

The
undersigned holder hereby exercises the right to purchase _________________ of the shares of Common Stock (“Warrant Shares”)
of uBid Holdings, Inc., a Delaware corporation (the “Company”), evidenced by the attached copy of the Common Stock
Purchase Warrant (the “Warrant”). Capitalized terms used herein and not otherwise defined shall have the respective
meanings set forth in the Warrant.

 

	1.	Form
    of Exercise Price. The Holder intends that payment of the Exercise Price shall be made as (check one):

 

	 	[  ]	a cash exercise with respect to _________________ Warrant Shares; or
	 	[  ]	by cashless exercise pursuant to the Warrant.

 

	2.	Payment
    of Exercise Price. If cash exercise is selected above, the holder shall pay the applicable Aggregate Exercise Price in
    the sum of $___________________ to the Company in accordance with the terms of the Warrant.

 

	3.	Delivery
    of Warrant Shares. The Company shall deliver to the holder __________________ Warrant Shares in accordance with the terms
    of the Warrant.

 

Dated: __________________

 

	 	 
	 	(Print
    Name of Registered Holder)
	 	 	 
	 	By:
    	        
	 	Name:
    	 
	 	Title:
    	 

 

    	 

    	Exhibit 10.4

    

Page
10 of 10

 

EXHIBIT
B

 

ASSIGNMENT
OF WARRANT

 

(To
be signed only upon authorized transfer of the Warrant)

 

For
Value Received, the undersigned hereby sells,
assigns, and transfers unto ____________________ the right to purchase _______________ shares of common stock of uBid Holdings,
Inc., to which the within Common Stock Purchase Warrant relates and appoints ____________________, as attorney-in-fact, to transfer
said right on the books of uBid Holdings, Inc. with full power of substitution and re-substitution in the premises. By accepting
such transfer, the transferee has agreed to be bound in all respects by the terms and conditions of the within Warrant.

 

Dated:
__________________

 s

	 	 
	 	(Signature)
    *
	 	 
	 	 
	 	(Name)
	 	 
	 	 
	 	(Address)
	 	 
	 	 
	 	(Social
    Security or Tax Identification No.)

 

*
The signature on this Assignment of Warrant must correspond to the name as written upon the face of the Common Stock Purchase
Warrant in every particular without alteration or enlargement or any change whatsoever. When signing on behalf of a corporation,
partnership, trust or other entity, please indicate your position(s) and title(s) with such entity.

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