Document:

Exhibit 4.1

 

PROMISSORY NOTE

 

Dated: December 27, 2018

 

FOR
VALUE RECEIVED, and intending to be legally bound, ML Corporation, a Delaware corporation (the “Maker”),
with an address at 2255 Glades Road, Suite 324A, Boca Raton, Florida 33431, hereby unconditionally and irrevocably promises to
pay to the order of Mark Tompkins, an individual (the “Payee”) with an address at Apt. 1, Via Guidino 23, 6900
Lugano, Paradiso, Switzerland, in lawful money of the United States of America, the sum of any and all amounts that the Payee may
advance to the Maker or any other third parties on behalf of the Maker as set forth on Schedule A attached hereto, which
may be amended from time to time as funds are advanced (the “Principal Amount”) on or before the date (the “Maturity
Date”) that the Maker (or a wholly owned subsidiary of the Maker) consummates a business combination with a private company
in a reverse merger or reverse takeover transaction or other transaction after which the Maker would cease to be a shell company
(as defined in Rule 12b-2 under the Securities Exchange Act of 1934, as amended) (“Transaction”). In the event
a Transaction is consummated, the proceeds received by the Maker or a subsidiary of the Maker shall first be used to repay the
entire outstanding unpaid Principal Amount and the accrued unpaid interest on this Note.

 

Interest
shall accrue on the outstanding Principal Amount of this Promissory Note on the basis of a 360-day year from the date upon which
funds were advanced until paid in full at the rate of six percent (6%) per annum, and shall be due and payable on the Maturity
Date, or the prepayment date, if any, whichever is earlier. This Promissory Note may be prepaid in whole or in part
at any time or from time to time prior to the Maturity Date.

 

For
purposes of this Promissory Note, an “Event of Default” shall occur if the Maker shall: (i) fail to pay the
entire Principal Amount of this Promissory Note when due and payable, (ii) admit in writing its inability to pay any of its monetary
obligations under this Promissory Note, (iii) make a general assignment of its assets for the benefit of creditors, or (iv) allow
any proceeding to be instituted by or against it seeking relief from or by creditors, including, without limitation, any bankruptcy
proceedings.

 

In
the event that an Event of Default has occurred, the Payee or any other holder of this Promissory Note may, by notice to the Maker,
declare this entire Promissory Note to be forthwith immediately due and payable, without presentment, demand, protest or further
notice of any kind, all of which are hereby expressly waived by the Maker.  In the event that an Event of Default consisting
of a voluntary or involuntary bankruptcy filing has occurred, then this entire Promissory Note shall automatically become due and
payable without any notice or other action by Payee.  Commencing five days after the occurrence of any Event of Default,
the interest rate on this Note shall accrue at the rate of eighteen percent (18%) per annum.

 

The
non-exercise or delay by the Payee or any other holder of this Promissory Note of any of its rights hereunder in any particular
instance shall not constitute a waiver thereof in that or any subsequent instance.  No waiver of any right shall be effective
unless in writing signed by the Payee, and no waiver on one or more occasions shall be conclusive as a bar to or waiver of any
right on any other occasion.

 

Should
any part of the indebtedness evidenced hereby be collected by law or through an attorney-at-law, the Payee or any other holder
of this Promissory Note shall, if permitted by applicable law, be entitled to collect from the Maker all reasonable costs of collection,
including, without limitation, attorneys’ fees.

 

     

     

    

 

All
notices and other communications must be in writing to the address of the party set forth in the first paragraph hereof and shall
be deemed to have been received when delivered personally (which shall include via an overnight courier service) or, if mailed,
three (3) business days after having been mailed by registered or certified mail, return receipt requested, postage prepaid. The
parties may designate by notice to each other any new address for the purpose of this Promissory Note.

 

Maker
hereby forever waives presentment, demand, presentment for payment, protest, notice of protest, and notice of dishonor of this
Promissory Note and all other demands and notices in connection with the delivery, acceptance, performance and enforcement of this
Promissory Note.

 

This
Promissory Note shall be binding upon the successors and assigns of the Maker, and shall be binding upon, and inure to the benefit
of, the successors and assigns of the Payee.

 

This
Promissory Note shall be governed by and construed in accordance with the internal laws of the State of Delaware.  

 

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IN WITNESS WHEREOF,
the undersigned Maker has executed this Promissory Note as of the date first written above.

 

	 	MAKER:
	 	 
	 	ML CORPORATION
	 	 
	 	By: 	/s/ Ian Jacobs
	 	 	Ian Jacobs
	 	 	President

 

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Schedule A

 

(as of December 27, 2018)

 

	 	 	Amount 

Advanced	 	 	Date of 

Advance
	 	 	$	34,525	 	 	December 27, 2018
	Aggregate Principal Amount	 	$	34,525	 	 	 

 

 

 

 

 

 4Exhibit 10.1

 

COMMON STOCK PURCHASE AGREEMENT

 

AGREEMENT (this
“Agreement”) entered into as of the 27th day of December, 2018, by and between Malo Holdings Corporation, a
Delaware corporation (the “Company”), and Mark Tompkins, an individual (the “Purchaser”).

 

WHEREAS, the Purchaser
desires to purchase, and the Company desires to sell, an aggregate of 4,750,000 shares (the “Shares”) of the Company’s
common stock, par value $0.0001 per share (the “Common Stock”) upon the terms and conditions hereof.

 

NOW, THEREFORE, in consideration
of the premises and the mutual agreements herein contained, the Purchaser and the Company hereby agree as follows:

 

SECTION 1: SALE OF THE SHARES

 

1.1 Sale of the Shares.
Subject to the terms and conditions hereof, the Company will sell to the Purchaser and the Purchaser will purchase from the Company,
upon the execution and delivery of this Agreement, the Shares for a purchase price equal to $475 (the “Purchase Price”)
representing amounts advanced by the Purchaser to counsel for the Company in connection with the formation and organization of
the Company.

 

SECTION 2: CLOSING DATE; DELIVERY

 

2.1 Closing Date.
The closing of the purchase and sale of the Shares hereunder (the “Closing”) shall be held immediately following the
execution and delivery of this Agreement.

 

2.2 Delivery at Closing.
At the Closing, the Company will record the issuance of the Shares in the Company’s stock ledger with respect to the Common
Stock of the Company in the Purchaser’s name, against payment of the purchase price therefore as indicated above.

 

SECTION 3: REPRESENTATIONS AND WARRANTIES
OF PURCHASER

 

The undersigned Purchaser
hereby represents and warrants to the Company as follows:

 

3.1 Restricted Securities. None of
the Shares are registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state
securities laws. The Purchaser acknowledges that the Shares have not been recommended by any US Federal or State securities commission
or regulatory authority and have not confirmed the accuracy or determined the adequacy of this Agreement. The Purchaser understands
that the offering and sale of the Shares is intended to be exempt from registration under the Securities Act, by virtue of Section
4(a)(2) thereof and, if deemed advisable by the Company, the provisions of Regulation D promulgated thereunder, based, in part,
upon the representations, warranties and agreements of the Purchaser contained in this Agreement. The Purchaser understands that
the Shares may not be sold, transferred or otherwise disposed of without registration under the Securities Act or an exemption
therefrom.

 

     

     

    

 

3.2 Experience. The Purchaser has
such knowledge and experience in financial and business matters that the Purchaser is capable of evaluating the merits and risks
of investment in the Company and of making an informed investment decision. The Purchaser has adequate means of providing for the
Purchaser’s current needs and possible future contingencies and the Purchaser has no need, and anticipates no need in the
foreseeable future, to sell the Shares for which the Purchaser subscribes. The Purchaser is able to bear the economic risks of
this investment and, consequently, without limiting the generality of the foregoing, the Purchaser is able to hold the Shares for
an indefinite period of time and has sufficient net worth to sustain a loss of the Purchaser’s entire investment in the Company
in the event such loss should occur. Except as otherwise indicated herein, the Purchaser is the sole party in interest as to its
investment in the Company, and it is acquiring the Shares solely for investment for the Purchaser’s own account and has no
present agreement, understanding or arrangement to subdivide, sell, assign, transfer or otherwise dispose of all or any part of
the Shares subscribed for to any other person.

 

3.3 Investment; Access
to Data. The Purchaser has carefully reviewed and understands the risks of, and other considerations relating to, a purchase
of the Shares and an investment in the Company. The Purchaser has been furnished materials relating to the Company, the private
placement of the Common Stock or anything else that it has requested and has been afforded the opportunity to ask questions and
receive answers concerning the terms and conditions of the offering and obtain any additional information which the Company possesses
or can acquire without unreasonable effort or expense. Representatives of the Company have answered all inquiries that the Purchaser
has made of them concerning the Company, or any other matters relating to the formation and operation of the Company and the offering
and sale of the Common Stock. The Purchaser has not been furnished any offering literature other than the materials that the Company
may have provided at the request of the Purchaser; and the Purchaser has relied only on such information furnished or made available
to the Purchaser by the Company as described in this Section. The Purchaser is acquiring the Shares for investment for the Purchaser’s
own account, not as a nominee or agent and not with the view to, or for resale in connection with, any distribution thereof. The
Purchaser acknowledges that the Company is a start-up company with no current operations, assets or operating history, which may
possibly cause a loss of Purchaser’s entire investment in the Company.

 

3.4 Authorization.
(a) This Agreement, upon execution and delivery thereof, will be a valid and binding obligation of Purchaser, enforceable in accordance
with its terms, subject to applicable bankruptcy, insolvency, reorganization and moratorium laws and other laws of general application
affecting enforcement of creditors’ rights generally.

 

(b) The execution, delivery
and performance by Purchaser of this Agreement and compliance therewith and the purchase and sale of the Shares will not result
in a violation of and will not conflict with, or result in a breach of, any of the terms of, or constitute a default under, any
provision of state or Federal law to which Purchaser is subject, or any mortgage, indenture, agreement, instrument, judgment, decree,
order, rule or regulation or other restriction to which the Purchaser is a party or by which the Purchaser is bound, or result
in the creation of any mortgage, pledge, lien, encumbrance or charge upon any of the properties or assets of Purchaser pursuant
to any such term.

 

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3.5 Accredited Investor.
Purchaser is an accredited investor as defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended either
because: (i) Purchaser is a natural person and (A) Purchaser’s net worth, or joint net worth with Purchaser’s spouse,
exceeds $1,000,000,1
or (B) Purchaser had an individual income in excess of $200,000 in each of the two most recent years or joint income with Purchaser’s
spouse in excess of $300,000 in each of the two most recent years, and Purchaser has a reasonable expectation of reaching the same
level of income in the current year, or (ii) Purchaser is an executive officer, director, manager or general partner of the Company
or the Company’s general partner (executive officers include the president, any vice president in charge of a principal business
unit, division or function (such as sales, administration or finance), and any other officer who performs a policy making function
for the Company), or (iii) Purchaser is an entity that otherwise meets the definition of “accredited investor” set
forth in Rule 501(a).

 

SECTION 4: MISCELLANEOUS

 

4.1 Governing Law.
This Agreement shall be governed in all respects by the laws of the State of Delaware, without regard to conflicts of laws principles
thereof.

 

4.2 Survival.
The terms, conditions and agreements made herein shall survive the Closing.

 

4.3 Successors and
Assigns. Except as otherwise expressly provided herein, the provisions hereof shall inure to the benefit of, and be binding
upon, the successors, assigns, heirs, executors and administrators of the parties hereto.

 

4.4 Entire Agreement;
Amendment; Waiver. This Agreement constitutes the entire and full understanding and agreement between the parties with regard
to the subject matter hereof. Neither this Agreement nor any term hereof may be amended, waived, discharged or terminated, except
by a written instrument signed by all the parties hereto.

 

4.5 Counterparts;
Electronic Signature. This Agreement may be executed in any number of counterparts, each of which shall be an original, but
all of which together, shall constitute one instrument. This Agreement may be executed by facsimile or pdf signature by any party
and such signature will be deemed binding for all purposes hereof without delivery of an original signature being thereafter required.

 

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		1	For purposes of calculation of Purchaser’s net worth
in Clause (A), (i) such person’s primary residence shall not be included as an asset; (ii) indebtedness secured by Purchaser’s
primary residence, up to the estimated fair market value of such primary residence as of the date hereof, shall not be included
as a liability (except that if the amount of such indebtedness outstanding as of the date hereof exceeds the amount outstanding
as of 60 days before the date hereof, other than as a result of the acquisition of such primary residence, the amount of such
excess shall be included as a liability) and (iii) indebtedness that is secured by Purchaser’s primary residence in excess
of the estimated fair market value of such primary residence as of the date hereof, shall be included as a liability.

 

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IN WITNESS WHEREOF,
the undersigned have hereunto set their hands as of the day and year first above written.

 

	 	MALO HOLDINGS CORPORATION
	 	 	 
	 	By:	/s/ Ian Jacobs
	 	 	Ian Jacobs
	 	 	President, Secretary, Chief Executive Officer,
	 	 	and Chief Financial Officer

 

	 	PURCHASER
	 	 	 
	 	By:	/s/ Mark Tompkins
	 		Mark Tompkins

 

 

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