Document:

AGREEMENT
FOR SALE AND PURCHASE

OF
BUSINESS ASSETS

 

This
AGREEMENT FOR SALE AND PURCHASE OF BUSINESS ASSETS (this “Agreement”), dated as of March ___, 2017 (the “Closing
Date”), is between Pure Health Products, LLC, located at 5507-10 Nesconset Highway suite 125 Mount Sinai, NY 11761 (the
“Seller”), and Wrapmail, Inc., a Florida corporation (the “Buyer”).

 

RECITALS

 

A.
The Seller has Assets the Buyer wishes to purchase and Seller desires to sell to Buyer, subject to the terms and conditions of
this Agreement.

 

AGREEMENT

 

The
parties agree as follows:

 

Article
I. ASSETS PURCHASED; LIABILITIES ASSUMED

 

Section
1.01 Assets Purchased. Subject to the terms and conditions set forth in this Agreement, the Seller agrees to sell to the Buyer
and the Buyer agrees to purchase from the Seller the following assets (the “Assets”), which shall exclude all cash
held by Seller on the Closing Date:

 

	 	(a)	The
    Seller’s domain name, “pureleafoil.com;” and
	 	 	 
	 	(b)	All
    patents, trademarks, trade names, copyrights, service marks, and domain names of the Seller as listed on Schedule 1.01, all
    registrations for them, all applications pending for them, and all other proprietary rights and intangible property of the
    Seller, including trade secrets, inventions, technology, software, operating systems, customer lists, customer relationships,
    customer agreements, customer understandings, drawings, blueprints, know-how, formulae, slogans, processes, and operating
    rights and all other similar items and all such items acquired by the Seller or coming into existence on or before the Closing
    Date.

 

Section
1.02 Liabilities Not Assumed.

 

	 	(a)	The
    Buyer will not assume and will not be liable for any liabilities of the Seller, known or unknown, contingent or absolute,
    accrued or other, and the Assets will be free of all liabilities, obligations, liens, and encumbrances. Without limiting the
    generality of the foregoing and except as otherwise provided above, the Buyer will not be responsible for any of the following:
	 	 	 
	 	(i)	Liabilities,
    obligations, or debts of the Seller, whether fixed, contingent, or mixed, and whether based on events occurring before or
    after the Closing, including without limitation those based on tort, contract, statutory, or other claims or involving fines
    or penalties payable to any governmental authority;

 

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	 	(ii)	Liabilities,
    obligations, or debts of the Seller for any federal, state, or local tax, including without limitation federal income taxes,
    state income and excise taxes, state and local real and personal property taxes, and federal, state, and local withholding
    and payroll taxes;
	 	 	 
	 	(iii)	Liabilities
    or obligations of the Seller to employees for salaries, bonuses, or health and welfare benefits or with respect to any profit-sharing,
    stock bonus, pension, retirement, stock purchase, option, bonus, or deferred compensation plan or for any other benefits or
    compensation (including without limitation accrued vacation);
	 	 	 
	 	(iv)	Liabilities
    or obligations of the Seller for employee severance payments or arrangements resulting from termination of the Seller’s
    employees;
	 	 	 
	 	(v)	Liabilities
    or obligations of the Seller relating to issuances of securities;
	 	 	 
	 	(vi)	Liabilities
    or obligations of the Seller incurred in connection with distributions to members or any corporate dissolution; or
	 	 	 
	 	(vii)	Liabilities
    or obligations of the Seller under any environmental law.

 

Article
II. PURCHASE PRICE

 

The
Purchase Price for the Assets (the “Purchase Price”) will be 5,000,000 restricted shares of the Company’s Common
Stock (“Shares”). Seller acknowledges that the shares constitute “restricted securities,” as that term
is defined in Rule 144 promulgated under the Securities Act of 1933, as amended (the “Securities Act”), and cannot
be resold unless such resale is registered under the Securities Act and applicable state securities laws or exempt from such registration
provisions. 

 

Article
III. ALLOCATION OF PURCHASE PRICE

 

The
Purchase Price will be as agreed between Buyer and Seller, and the Buyer and the Seller will be bound by that allocation in reporting
the transactions contemplated by this Agreement to any governmental authority (including without limitation the Internal Revenue
Service).

 

Article
IV. CLOSING

 

Section
4.01 The transactions contemplated hereby shall close (“Closing”) on or before March ___, 2017 (“Closing Date”).
On or before the Closing Date, the following documents shall be delivered:

 

(a)
The Seller shall receive a certificate from the Buyer for 5,000,000 restricted Shares of the Company’s Common Stock.

 

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(b)
The Buyer shall receive a Bill of Sale for all Assets from the Seller in such form as agreed to between Seller and Buyer.

 

(c)
Both the Buyer and the Seller shall receive a copy of this Agreement, duly executed by the other party.

 

Article
V. SELLER’S REPRESENTATIONS AND WARRANTIES

 

The
Seller represents and warrants to the Buyer as follows:

 

Section
5.01 Corporate Existence. The Seller is a limited liability company duly incorporated and legally existing under the laws of the
state of New York and is qualified to do business in every jurisdiction in which its ownership of property or conduct of business
requires it to qualify. The Seller has all requisite corporate power and authority and all material licenses, permits, and authorizations
necessary to own and operate the Assets and to carry on its business as now conducted. The copies of the Seller’s charter
documents and operating agreement that have been furnished to the Buyer’s counsel reflect all amendments made thereto at
any time before the Closing Date and are correct and complete. 

 

Section
5.02 Authorization. The Seller has duly authorized the execution, delivery, and performance of this Agreement and all other agreements
contemplated by this Agreement to which the Seller is a party, as the case may be. This Agreement and other documents referenced
herein, when executed and delivered by the parties thereto, will constitute the legal, valid, and binding obligation of the Seller,
enforceable against the Seller in accordance with their respective terms except as the enforceability thereof may be limited by
the application of bankruptcy, insolvency, moratorium, or similar laws affecting the rights of creditors generally or judicial
limits on the right of specific performance. The execution and delivery by the Seller of this Agreement and the fulfillment of
and compliance with the respective terms hereof and thereof by the Seller, do not and will not (a) conflict with or result in
a breach of the terms, conditions, or provisions of, or constitute a default under, any Contract; (b) result in the creation of
any lien, security interest, charge, or encumbrance on the Assets; (c) result in a violation of the operating agreement of the
Seller or any law, statute, rule, or regulation to which the Seller is subject; or (d) result in a violation of any order, judgment,
or decree to which the Seller is subject; or (e) require any authorization, consent, approval, exemption, or other action by or
notice to any court or administrative or governmental body.

 

Section
5.03 Distribution. The Shares are being acquired for the Seller’s own benefit without a view towards distribution.

 

Section
5.04 Investment. The Seller understands and accepts that an investment in the Shares is highly speculative and involves substantial
risks, including those risks concerning illiquidity, transfer restrictions, governmental regulations and uncontrollable market
conditions. The Seller is prepared to bear the economic risk of an investment in the Shares and is able to withstand a total loss
of the Seller’s investment in Shares.

 

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Section
5.05 Brokers and Finders. Seller has not employed any broker or finder in connection with the transactions contemplated by this
Agreement, or taken action that would give rise to a valid claim against any party for a brokerage commission, finder’s
fee, or other like payment.

 

Section
5.06 Transfer Not Subject to Encumbrances or Third-Party Approval. The execution and delivery of this Agreement by the Seller,
and the consummation of the contemplated transactions, will not result in the creation or imposition of any valid lien, charge,
or encumbrance on any of the Assets, and will not require the authorization, consent, or approval of any third party, including
any governmental subdivision or regulatory agency.

 

Section
5.07 Litigation. No action, suit, proceeding, order, investigation, or claim is pending or, to the best of the Seller’s
knowledge, threatened against the Seller or its property, at law or in equity, or before or by any governmental department, commission,
board, bureau, agency, or instrumentality; the Seller is not subject to any arbitration proceedings under collective bargaining
agreements or otherwise or, to the best of the Seller’s knowledge, any governmental investigations or inquiries; and, to
the best knowledge of the Seller, no basis exists for any of the foregoing.

 

Section
5.08 Accuracy of Representations and Warranties. None of the representations or warranties of the Seller contain or will at Closing
contain any untrue statement of a material fact or omit or will omit or misstate a material fact necessary in order to make statements
in this Agreement not misleading.

 

Article
VI. REPRESENTATIONS OF BUYER

 

The
Buyer represents and warrants to the Seller as follows:

 

Section
6.01 Company Existence. The Buyer is duly organized and legally existing under the laws of the state of Florida. The Buyer has
all requisite corporate or individual power and authority to enter into this Agreement and to perform its obligations under it.

 

Section
6.02 Authorization. The execution, delivery, and performance of this Agreement have been duly authorized and approved by the board
of directors and members of the Buyer. This Agreement constitutes a valid and binding agreement of the Buyer, enforceable in accordance
with its terms, except as enforceability may be limited by bankruptcy, reorganization, insolvency, or similar laws affecting the
enforcement of creditors’ rights or by the application of general principles of equity.

 

Section
6.03 Brokers and Finders. The Buyer has not employed any broker or finder in connection with the transactions contemplated by
this Agreement and has taken no action that would give rise to a valid claim against any party for a brokerage commission, finder’s
fee, or other like payment.

 

Section
6.04 No Conflict with Other Instruments or Agreements. The execution, delivery, and performance by the Buyer of this Agreement
will not result in a breach or violation of, or constitute a default under, the Buyer’s Articles of Incorporation or Bylaws
or any material agreement to which the Buyer is a party or by which the Buyer is bound.

 

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Section
6.05 Opinion Letters. Once the shares to be issued to Seller hereunder are eligible to be sold pursuant to Rule 144 under
the Securities Act, Buyer shall have its attorney, or shall pay for an attorney of Buyer’s choosing to, draft an opinion
letter that the shares are eligible to be sold pursuant to Rule 144. 

 

Section
6.06 Accuracy of Representations and Warranties. None of the representations or warranties of the Buyer contain or will contain
at Closing any untrue statement of a material fact or omit or will omit or misstate a material fact necessary in order to make
the statements contained herein not misleading.

 

Article
VII. COVENANTS OF SELLER 

 

Section
7.01 Seller’s Operation of Business Before Closing. The Seller agrees that between the date of this Agreement and the Closing,
the Seller will:

 

	 	(a)	Continue
    to operate the business that is the subject of this Agreement in the usual and ordinary course and in substantial conformity
    with all applicable laws, ordinances, regulations, rules, or orders, and will use its best efforts to preserve its business
    organization and to preserve the continued operation of its business with its customers, suppliers, and others having business
    relations with the Seller;
	 	 	 
	 	(b)	Not
    assign, sell, lease, or otherwise transfer or dispose of any of the Assets used in the performance of its business, whether
    now owned or hereafter acquired, except in the normal and ordinary course of business and in connection with its normal operation;
	 	 	 
	 	(c)	Maintain
    all the Assets other than inventory in their present condition, reasonable wear and tear and ordinary usage excepted, and
    maintain the inventory at levels normally maintained; and
	 	 	 
	 	(d)	Notify
    the Buyer promptly in the event of any material change in the Assets or the Seller’s business before Closing or any
    material adverse change in the financial condition of the Seller or of any breach of a representation or warranty provided
    in this Agreement.

 

Section
7.02 Access to Premises and Information. At reasonable times before the Closing, the Seller will provide the Buyer and its representatives
with reasonable access during business hours to the assets, titles, contracts, and records of the Seller and will furnish such
additional information concerning the Seller’s business as the Buyer from time to time may reasonably request.

 

Section
7.03 Conditions and Best Efforts. The Seller will use their best efforts to effectuate the transactions contemplated by this Agreement
and to fulfill all the conditions of their obligations under this Agreement, and will do all acts and things as may be required
to carry out their respective obligations under this Agreement.

 

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Section
7.04 No Negotiations with Others. Except as otherwise permitted by this Agreement, or with the Buyer’s prior written consent,
the Seller will refrain, and will cause the Seller’s officers, directors, and employees and any investment banker, lawyer,
accountant, or other agent retained by the Seller to refrain, from initiating or soliciting any inquiries or making any proposals
with respect to, or engaging in negotiations concerning, or providing any confidential information or data to, or having any discussions
with any person relating to, any acquisition, business combination or purchase of all or any significant portion of the assets
of, or any equity interest in, the Seller. The Seller will immediately cease and cause to be terminated any existing activities,
discussions, or negotiations with any parties conducted heretofore with respect to any of the foregoing. 

 

Section
7.05 Press Releases. No notice to customers, press release, or other public announcement concerning the transactions contemplated
by this Agreement will be made by the Seller without the Buyer’s prior written consent, which consent will not be unreasonably
withheld; but, however, nothing in this section will prevent a party from supplying such information or making statements as required
by governmental authority or as necessary for a party to satisfy its legal obligations (prompt notice of which must in any such
case be given to the other party or parties).

 

Article
VIII. CONDITIONS PRECEDENT TO BUYER’S OBLIGATIONS

 

The
obligation of the Buyer to purchase the Assets is subject to the fulfillment, before or at the Closing, of each of the following
conditions, any one or portion of which may be waived in writing by the Buyer:

 

Section
8.01 Representations, Warranties, and Covenants of Seller. All representations and warranties made in this Agreement by the Seller
will be true in all material respects through the Closing and the Seller will not have violated or will have failed to perform
in accordance with any covenant contained in this Agreement.

 

Section
8.02 Licenses and Permits. The Buyer will have obtained all licenses and permits from public authorities necessary to authorize
the ownership and operation of a business using the Assets.

 

Section
8.03 No Suits or Actions. At the time of the closing, no action, suit, or proceeding before any court or any governmental or regulatory
authority will have been commenced and be continuing, and no investigation by any governmental or regulatory authority will have
been commenced and be continuing, and no action, investigation, suit, or proceeding will be threatened, against the Seller or
the Buyer or any of their affiliates, associates, officers, or directors, seeking to restrain or prevent or questioning the validity
of the transactions contemplated by this Agreement.

 

Section
8.04 Material Adverse Change. From the date of this Agreement to the Closing, the Seller will not have suffered any material adverse
change (whether or not such change is referred to or described in any supplement to any Schedule to this Agreement) in its business
prospects, financial condition, working capital, assets, liabilities (absolute, accrued, contingent, or otherwise), or operations.

 

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Section
8.05 Corporate Action. The Seller will have furnished to the Buyer a copy, certified by the Seller’s secretary or assistant
secretary, of the resolutions of the Seller authorizing the execution, delivery, and performance of this Agreement.

 

Article
IX. CONDITIONS PRECEDENT TO OBLIGATIONS OF SELLER 

 

The
obligations of the Seller to consummate the transactions contemplated by this Agreement and the Related Agreements are subject
to the fulfillment, before or at the Closing, of each of the following conditions, any one or a portion of which may be waived
in writing by the Seller:

 

Section
9.01 Representation, Warranties, and Covenants of Buyer. All representations and warranties made in this Agreement by the Buyer
will be true in all material respects through the Closing, and the Buyer will have neither violated nor failed to perform in accordance
with any covenant contained in this Agreement.

 

Section
9.02 Corporate Action. The Buyer will have furnished to the Seller a copy, certified by the Buyer’s secretary or assistant
secretary, of the resolutions of the Buyer authorizing the execution, delivery, and performance of this Agreement.

 

Article
X. RISK OF LOSS

 

The
risk of loss, damage, or destruction to any of the Assets will be borne by the Seller before the Closing. In the event of such
loss, damage, or destruction, the Seller, to the extent reasonable, will replace the lost property or will repair or cause to
repair the damaged property to its condition before the damage. If replacement, repairs, or restorations are not completed before
the Closing, then the purchase price will be adjusted by an amount agreed on by the Buyer and the Seller that will be required
to complete the replacement, repair, or restoration after the Closing. If the Buyer and the Seller are unable to agree, then the
Buyer, at its sole option and notwithstanding any other provision of this Agreement, and on notice to the Seller, may rescind
this Agreement and declare it to be of no further force and effect, in which event there will be no closing of this Agreement
and all the terms and provisions of this Agreement will be deemed null and void.

 

Article
XI. INDEMNIFICATION AND SURVIVAL

 

Section
11.01 Survival of Representations and Warranties. All representations and warranties made in this Agreement will survive the Closing
of this Agreement. The representations and warranties in this Agreement will terminate two years after the Closing Date, and such
representations or warranties will thereafter be without force or effect, except for any claim with respect to which notice has
been given to the potentially indemnifying party before such expiration date.

 

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Section
11.02 Seller’s Indemnification.

 

	 	(a)	The
    Seller agrees to indemnify, defend, and hold the Buyer, its successors, and assigns harmless from and against any and all
    claims, liabilities, obligations, costs, expenses, and reasonable attorney fees (collectively, “Damages”) arising
    out of or related to:
	 	 	 
	 	(i)	Any
    breach or inaccuracy of any representation or warranty of the Seller made in this Agreement;
	 	 	 
	 	(ii)	Any
    failure by the Seller to perform any covenant required to be performed by it pursuant to this Agreement; and
	 	 	 
	 	(iii)	Any
    liability or obligation of the Seller arising out of or in connection with the ownership, use, condition, maintenance, or
    operation of the Seller’s business or the Assets by the Seller or its members on or before the Closing.
	 	 	 
	 	(b)	If
    any claim is asserted against the Buyer that would give rise to a claim by the Buyer against the Seller for indemnification
    under this Section 11.02, then the Buyer will promptly give written notice to the Seller concerning such claim and the Seller
    will, at no expense to the Buyer, defend the claim.

 

Section
11.03 In the event of any Damages for which the Buyer has a right to indemnity under this Agreement, the Buyer will be entitled
to offset the amount of such Damages against any unpaid amount of the Purchase Price remaining payable. On giving notice of a
claim for indemnity pursuant to this Section 11.03, the Buyer will have the right to withhold payment of that portion of the Purchase
Price that equals the amount of the estimated Damages, and such withholding will not constitute a default under this Agreement.
The right to indemnification for the Buyer will not be limited to the amount of setoff under this section. 

 

Article
XII. TERMINATION OF AGREEMENT

 

Section
12.01 Right of Parties to Terminate. Either party may terminate this Agreement prior to Closing if the other party breaches any
of its obligations or representations under this Agreement in any material respect.

 

Section
12.02 Effect of Termination. If either the Buyer or the Seller decides to terminate this Agreement, such party will promptly give
written notice to the other party to this Agreement of such decision. In the event of a termination of this Agreement, the parties
to this Agreement will be released from all liabilities and obligations arising under this Agreement with respect to the matters
contemplated by this Agreement, other than for damages arising from a breach of this Agreement.

 

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Article
XIII. MISCELLANEOUS PROVISIONS

 

Section
13.01 Entire Agreement. This Agreement constitutes the entire understanding and agreement of the parties relating to the subject
matter hereof and supersedes any and all prior understandings, agreements, negotiations and discussions, both written and oral,
between the parties hereto with respect to the subject matter hereof.

 

Section
13.02 Waiver. Any provision or condition of this Agreement may be waived at any time, in
writing, by the party entitled to the benefit of such provision or condition. Waiver of any breach of any provision will not be
a waiver of any succeeding breach of the provision or a waiver of the provision itself or any other provision.

 

Section
13.03 Governing Law. This Agreement shall be construed, interpreted and enforced in accordance with, and shall be governed by,
the laws of the State of New York without reference to, and regardless of, any applicable choice or conflicts of laws principles.

 

Section
13.04 Execution of Agreement; Counterparts; Electronic Signatures.

 

(d)
This Agreement may be executed in several counterparts, each of which shall be deemed an original and all of which shall constitute
one and the same instrument, and shall become effective when counterparts have been signed by each of the Parties and delivered
to the other Parties; it being understood that all Parties need not sign the same counterparts.

 

(e)
The exchange of copies of this Agreement and of signature pages by facsimile transmission (whether directly from one facsimile
device to another by means of a dial-up connection or whether mediated by the worldwide web), by electronic mail in “portable
document format” (“.pdf”) form, or by any other electronic means intended to preserve the original graphic and
pictorial appearance of a document, or by combination of such means, shall constitute effective execution and delivery of this
Agreement as to the Parties and may be used in lieu of the original Agreement for all purposes. Signatures of the Parties transmitted
by facsimile shall be deemed to be their original signatures for all purposes.

 

Section
13.05 Further Assurances. Each of the parties hereto shall from time to time at the request of the other party hereto, and without
further consideration, execute and deliver to such other party such further instruments of assignment, transfer, conveyance and
confirmation and take such other action as the other party may reasonably request in order to more effectively fulfill the purposes
of this Agreement.

 

Section
13.06 Severability. The provisions of this Agreement will be deemed severable and the invalidity or unenforceability of any provision
will not affect the validity or enforceability of the other provisions hereof. If any provision hereof is determined by a court
of competent jurisdiction or an arbitrator to be invalid or unenforceable, such provision shall be limited to the extent necessary
to make it valid and enforceable, or if necessary, severed from this Agreement, and the remainder of the Agreement shall be in
full force and effect.

 

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Section
13.07 Attorneys’ Fees. If either party brings a claim or lawsuit against the other party to this Agreement to interpret
or enforce any of the terms of this Agreement, the prevailing party shall, in addition to all other damages, be entitled to reasonable
attorneys’ fees and costs, costs of witnesses, and costs of investigation from the non-prevailing party.

 

Section
13.08 Amendment and Termination. This Agreement may be amended or terminated only upon a writing executed by both Buyer and Seller.

 

Section
13.09 Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of Buyer and Sellers and their respective
successors and assigns. Whenever appropriate in this Agreement, references to Buyer or Sellers shall be deemed to refer to such
company’s successors or assigns. Notwithstanding, neither Party may assign this Agreement without the written consent of
the other Party

 

Section
13.10 Equitable Relief. Each Party is entitled to bring an action for temporary or preliminary injunctive relief at any time in
any court of competent jurisdiction in order to prevent irreparable injury that might result from a breach of this Agreement.

 

The
parties enter into this Agreement as of the date first written above.

 

	Wrapmail, Inc.	 
	 	 	 
	By:		 
	Marco Alfonsi, its CEO	 

 

Pure
Health Products, LLC Pure Health Products, LLC

 

	By:		 	By:	
	 	 	 	 	 
	Printed:		 	Printed:	
	 	 	 	 	 
	Title:		 	Title:	

 

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	 	 	Initials:EMPLOYMENT
AGREEMENT

 

This
Employee Services Agreement (“Agreement”) is entered as of Oct 15, 2018 (“Effective Date”) by and between
Canbiola, Inc., a Florida corporation (the “Company”), and Marco Alfonsi, a resident of New York located at 44 East
End Avenue, Hicksville, NY 11801 (“Employee”) and collectively as the Parties (“Parties”). The Parties
agree as follows:

 

I.
Services Provided.

 

Company
hereby appoints Employee to serve as its Chairman and Chief Executive Officer (CEO), and Employee hereby accepts such appointment.
Employee shall provide those services required of an officer of like title of a company of similar size and industry, under the
law of the State of Florida, the federal securities laws and other state and federal laws and regulations, as applicable.

 

II.
Nature of Relationship

 

The
Employee is entitled to all of the rights and benefits along with the responsibilities and obligations of an Employee and shall
devote whatever time and effort as required to fulfill his responsibilities. This Agreement shall supersede all prior services
and employment agreements between the parties including the Executive Services Agreement dated October 3, 2017.

 

III.
Employee’s Warranties

 

Throughout
the term of this agreement and for a period of one (1) year thereafter, the Employee agrees he will not, without obtaining Company’s
prior written consent, directly or indirectly engage or prepare to engage in any activity in competition with any Company business
or product, including products in the development stage, accept employment or provide services to (including service as a member
of a board of directors), or establish a business in competition with Company.

 

IV.
Compensation

 

A.
Base Salary. As compensation for Employee’s services, Employee shall receive ten thousand dollars ($10,000.00) per month
(“Base Salary”). The Base Salary shall be paid in accordance with the Company’s standard payroll procedure.
In any month that the full Base Salary cannot be paid, due solely to cash flow considerations as determined by the Company, the
difference (“Difference”) between actual amount paid and the Base Salary paid shall be paid by issuance of common
stock in the Company within 15 days of the end of each calendar quarter in an amount equal to the Difference and at a price equal
to 110% of the average 5 trading day lowest price of the day for the 5 trading days immediately preceding the end of each quarter.

 

B.
Base Salary Increase. At each annual anniversary of the Agreement, the Base Salary shall be increased at the greater of three
percent (3%), or the prior year-end annual percentage increase in EBITDA as reported in the SEC 10K filing.

 

C.
Incentive Bonus. Employee will be eligible to receive an annual cash and or stock bonus which will be determined by mutually
agreed performance goals which shall be payable upon achievement of performance goals mutually agreed between Employee and the
Company.

 

D.
Benefits. During the Term, from the Effective Date through the date of termination of Employee’s engagement with the
Company for any reason, Employee shall be entitled to participate in any welfare, health and life insurance and pension benefit
and incentive programs as may be adopted from time to time by the Company on the same basis as that provided to similarly situated
Employees or Employees of the Company generally. Without limiting the generality of the foregoing, Employee/ Employee shall be
entitled to the following benefits:

 

1.
Vacation and Sick Pay. Employee shall be entitled to four weeks paid vacation time and 5 paid days for illness each year.
Unused vacation and sick days will roll-over to and be accrued and used in the following years. Further, Employee may take additional
paid-time-off, holidays, and sick leave in accordance with the Company Employee Handbook policies. Employee shall be credited
with four weeks paid vacation from his prior Executive Services Agreement which shall roll-over until used or paid.

 

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2.
Reimbursement for Business Expenses. During the Term, the Company shall reimburse Employee for all reasonable expenses incurred
by Employee in performing Employee’s duties for the Company, on the same basis as similarly situated Employees of the Company
generally and in accordance with the Company’s policies as in effect from time to time. This reimbursement shall include
office and internet expenses, cell phone, and health insurance coverage.

 

E.
Preferred Share Issuance. As additional compensation, Employee has been issued one (1) share of the Company’s Series
A Preferred Stock from his prior Executive Services Agreement, which shall be considered fully earned upon issuance which shall
be one-quarter Preferred A share at December 31 2018, 2019, 2020, and 2021 and may be convertible at (.25 or one-quarter shares
of Preferred A or two million five hundred thousand (2,500,000) shares of common stock each year-end commencing 12-31-2018 for
4 years of the agreement.

 

V.
Indemnification and Insurance

 

The
Company hereby fully agrees to hold harmless and indemnify Employee as authorized or permitted by law and the Company’s
governing documents, as the same may be amended from time to time, except for acts constituting negligence or willful misconduct
by Employee. The current Indemnity Agreement is attached as Exhibit A to this Agreement.

 

VI.
Term of Agreement

 

This
Agreement shall be in effect from the Effective Date hereof and continue for an initial term of four years (“Term”).
This Agreement shall be renewed for consecutive three-year Terms unless either party gives notice of its intent to terminate the
Agreement at least 30 days prior to the expiration of the applicable term.

 

VII.
Employee Termination

 

	 	A.	Death.
    Upon termination of Employee’s employment prior to the expiration of the Term by reason of Employee’s death,
    the Company shall pay Employee’s designated beneficiary or beneficiaries, within 30 days of Employee’s death in
    a lump sum in cash, (i) Employee’s Base Salary and pro-rated Incentive Bonus from the date of Employee’s death
    through the end of the quarter in which Employee’s death occurs and (ii) any accrued obligations owed the Employee.
	 	 	 
	 	B.	Disability.
    If, as a result of Employee’s incapacity due to physical or mental illness (“Disability”), Employee shall
    have been absent from the full-time performance of Employee’s duties with the Company for a period of four consecutive
    months and, within 30 days after written notice is provided to Employee by the Company, Employee’s employment under
    this Agreement may be terminated by the Company for Disability and paid in the same manner as in termination by Death per
    section VII. A. above.
	 	 	 
	 	C.	Termination
    for Cause. The Company may terminate Employee’s employment under this Agreement with or without Cause at any time
    and Employee may resign under this Agreement with or without Good Reason at any time. As used herein, “Cause”
    shall mean: (i) the plea of guilty or nolo contendere to, conviction for, or the commission of, a felony offense by
    Employee that is not in connection with Employee’s duties or services to the Company and which will reasonably be expected
    to have a material adverse impact on the Company; (ii) a willful material breach by Employee of a fiduciary duty owed to the
    Company or any of its subsidiaries; (iii) a knowing and material violation by Employee of any Company policy pertaining to
    legal compliance or conflicts of interest. Upon Employee’s (A) termination of employment by the Company for Cause prior
    to the expiration of the Term or (B) resignation without Good Reason prior to the expiration of the Term, this Agreement shall
    terminate without further obligation by the Company, except for the payment of any accrued obligations in a lump sum in cash
    within 30 days of such termination.

 

    	 	2	 

     

    

 

	 	D.	Termination
    by the Employee by the Company for other than Cause. Upon termination of Employee’s employment prior to the expiration
    of the Term by the Company without Cause or by Employee for Good Reason then:
	 	 	 
	 	 	(i)
    the Company shall continue to pay Employee the Base Salary through the longer of the end of the Term over the course of the
    then remaining Term plus 12 months in accordance with the Company’s payroll and payment practices plus an amount equal
    to the premiums charged by the Company to maintain COBRA benefits continuation coverage for Employee and his eligible dependents
    to the extent such coverage is then in place;
	 	 	 
	 	 	(ii)
    the Company shall pay Employee within 30 days of the date of such termination in a lump sum in cash any accrued obligations.
	 	 	 
	 	E.	Termination
    by acquisition or merger. In the event of a merger or acquisition involving the Company where this Agreement is terminated,
    the Company shall arrange to pay Employee according to Section VII D. of this Agreement.
	 	 	 
	 	F.	Return of Materials.
    In the event of any termination of this Agreement, the Employee agrees to return any materials and confidential information
    of the Company.

 

VIII.
Sole Agreement

 

This
Agreement supersedes all prior or contemporaneous written or oral understandings or agreements, and may not be added to, modified,
or waived, in whole or in part, except by a writing signed by the party against whom such addition, modification or waiver is
sought to be asserted.

 

IX.
Assignment

 

This
Agreement and all of the provisions hereof shall be binding upon and insure to the benefit of the parties hereto and their respective
successors and permitted assigns and, except as otherwise expressly provided herein, neither this agreement, nor any of the rights,
interests or obligations hereunder shall be assigned by either of the parties hereto without the prior written consent of the
other party.

 

X.
Notices

 

Any
and all notices, requests and other communications required or permitted hereunder shall be in writing, registered mail or by
facsimile, to each of the parties at the addresses set forth herein or as otherwise provided in writing by such party.

 

Any
such notice shall be deemed given when received and notice given by certified mail shall be considered to have been given on the
tenth (10th) day after having been sent in the manner provided for above.

 

XI.
Survival of Obligations

 

Notwithstanding
the expiration of termination of this Agreement, neither party hereto shall be released hereunder from any liability or obligation
to the other which has already accrued as of the time of such expiration or termination or which thereafter might accrue in respect
of any act or omission of such party prior to such expiration or termination.

 

XII.
Severability

 

Any
provision of this Agreement which is determined to be invalid or unenforceable shall not affect the remainder of this Agreement,
which shall remain in effect as though the invalid or unenforceable provision had not been included herein, unless the removal
of the invalid or unenforceable provision would substantially defeat the intent, purpose or spirit of this agreement.

 

XIII.
Governing Laws

 

This
Agreement will be construed in accordance with the laws of the state of New York, without resort to conflict of law principles.

 

    	 	3	 

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this agreement to be executed by their duly authorized officers, as of the date
first written above.

 

	CANBIOLA, INC.	 
	 	 
	 	 
	Stanley L. Teeple, CFO	 
	 	 
	EMPLOYEE	 
	 	 
	 	 
	Marco Alfonsi, CEO	 

 

    	 	4	 

     

    

 

EXHIBIT
A

 

INDEMNITY
AGREEMENT

 

This
Indemnity Agreement (“Agreement”) is made and entered into this 1st day of October 2018 by and between Canbiola,
Inc., a Florida corporation (the “Company”), and Stanley L. Teeple (“Employee”).

 

RECITALS

 

WHEREAS,
Employee performs a valuable service to the Company in his capacity as Chief Financial Officer (CEO) and Secretary;

 

WHEREAS,
the Company has adopted Bylaws (the “Bylaws”) providing for the indemnification of the directors, officers, Employees
and other agents, including persons serving at the request of the Company in such capacities with other corporations or enterprises;
and

 

WHEREAS,
in order to induce Employee to continue to serve as CFO and Secretary of the Company, the Company has determined and agreed
to enter into this Agreement with Employee;

 

NOW,
THEREFORE, in consideration of Employee’s continued service after the date hereof, the parties hereto agree as follows:

 

AGREEMENT

 

1.
Indemnity of Employee. The Company hereby agrees to hold harmless and indemnify Employee to the fullest extent authorized
or permitted by the provisions of the Bylaws and applicable law against any and all expenses (including attorneys’ fees),
witness fees, damages, judgments, fines and amounts paid in settlement and any other amounts that Employee becomes legally obligated
to pay because of any claim or claims made against or by him in connection with any threatened, pending or completed action, suit
or proceeding, whether civil, criminal, arbitrational, administrative or investigative (including an action by or in the right
of the Company) to which Employee is, was or at any time becomes a party, or is threatened to be made a party, by reason of the
fact that Employee is, was or at any time becomes a director, officer, Employee or other agent of Company, or is or was serving
or at any time serves at the request of the Company as a director, officer, Employee or other agent of another corporation, partnership,
joint venture, trust, Employee benefit plan or other enterprise.

 

2.
Limitations on Indemnity. No indemnity shall be paid by the Company:

 

(a)
on account of any claim against Employee solely for an accounting of profits made from the purchase or sale by Employee of
securities of the Company pursuant to the provisions of Section 16(b) of the Securities Exchange Act of 1934 and amendments thereto
or similar provisions of any federal, state or local statutory law;

 

(b)
on account of Employee’s conduct that is established by a final judgment as knowingly fraudulent or deliberately dishonest
or that constituted willful misconduct;

 

    	 	5	 

     

    

 

(c)
on account of Employee’s conduct that is established by a final judgment as constituting a breach of Employee’s
duty of loyalty to the Company or resulting in any personal profit or advantage to which Employee was not legally entitled;

 

(d)
for which payment is actually made to Employee under a valid and collectible insurance policy or under a valid and enforceable
indemnity clause, bylaw or agreement, except in respect of any excess beyond payment under such insurance, clause, bylaw or agreement;

 

(e)
if indemnification is not lawful (and, in this respect, both the Company and Employee have been advised that the Securities
and Exchange Commission believes that indemnification for liabilities arising under the federal securities laws is against public
policy and is, therefore, unenforceable and that claims for indemnification should be submitted to appropriate courts for adjudication);
or

 

(f)
in connection with any proceeding (or part thereof) initiated by Employee, or any proceeding by Employee against the Company
or its directors, officers, Employees or other agents, unless (i) such indemnification is expressly required to be made by law,
(ii) the proceeding was authorized by the board of directors of the Company, (iii) such indemnification is provided by the Company,
in its sole discretion, pursuant to the powers vested in the Company under the NYCRR, or (iv) the proceeding is initiated pursuant
to Section 9 hereof.

 

3.
Continuation of Indemnity. All agreements and obligations of the Company contained herein shall continue during the period
Employee is a director, officer, Employee or other agent of the Company (or is or was serving at the request of the Company as
a director, officer, Employee or other agent of another corporation, partnership, joint venture, trust, Employee benefit plan
or other enterprise) and shall continue thereafter so long as Employee shall be subject to any possible claim or threatened, pending
or completed action, suit or proceeding, whether civil, criminal, arbitrational, administrative or investigative, by reason of
the fact that Employee was serving in the capacity referred to herein.

 

4.
Partial Indemnification. Employee shall be entitled under this Agreement to indemnification by the Company for a portion of
the expenses (including attorneys’ fees), witness fees, damages, judgments, fines and amounts paid in settlement and any
other amounts that Employee becomes legally obligated to pay in connection with any action, suit or proceeding referred to in
Section 1 hereof even if not entitled hereunder to indemnification for the total amount thereof, and the Company shall indemnify
Employee for the portion thereof to which Employee is entitled.

 

5.
Notification and Defense of Claim. Not later than thirty (30) days after receipt by Employee of notice of the commencement
of any action, suit or proceeding, Employee will, if a claim in respect thereof is to be made against the Company under this Agreement,
notify the Company of the commencement thereof; but the omission so to notify the Company will not relieve it from any liability
which it may have to Employee otherwise than under this Agreement. With respect to any such action, suit or proceeding as to which
Employee notifies the Company of the commencement thereof:

 

(a)
the Company will be entitled to participate therein at its own expense;

 

    	 	6	 

     

    

 

(b)
except as otherwise provided below, the Company may, at its option and jointly with any other indemnifying party similarly
notified and electing to assume such defense, assume the defense thereof, with counsel reasonably satisfactory to Employee. After
notice from the Company to Employee of its election to assume the defense thereof, the Company will not be liable to Employee
under this Agreement for any legal or other expenses subsequently incurred by Employee in connection with the defense thereof
except for reasonable costs of investigation or otherwise as provided below. Employee shall have the right to employ separate
counsel in such action, suit or proceeding but the fees and expenses of such counsel incurred after notice from the Company of
its assumption of the defense thereof shall be at the expense of Employee unless (i) the employment of counsel by Employee has
been authorized by the Company, (ii) Employee shall have reasonably concluded, and so notified the Company, that there is an actual
conflict of interest between the Company and Employee in the conduct of the defense of such action or (iii) the Company shall
not in fact have employed counsel to assume the defense of such action, in each of which cases the fees and expenses of Employee’s
separate counsel shall be at the expense of the Company. The Company shall not be entitled to assume the defense of any action,
suit or proceeding brought by or on behalf of the Company or as to which Employee shall have made the conclusion provided for
in clause (ii) above; and

 

(c)
the Company shall not be liable to indemnify Employee under this Agreement for any amounts paid in settlement of any action
or claim affected without its written consent, which shall not be unreasonably withheld. The Company shall be permitted to settle
any action except that it shall not settle any action or claim in any manner which would impose any penalty or limitation on Employee
without Employee’s written consent, which may be given or withheld in Employee’s sole discretion.

 

6.
Expenses. The Company shall advance, prior to the final disposition of any proceeding, promptly following request therefore,
all expenses incurred by Employee in connection with such proceeding upon receipt of an undertaking by or on behalf of Employee
to repay said amounts if it shall be determined ultimately that Employee is not entitled to be indemnified under the provisions
of this Agreement, the Bylaws, applicable law or otherwise.

 

7.
Enforcement. Any right to indemnification or advances granted by this Agreement to Employee shall be enforceable by or on
behalf of Employee in any court of competent jurisdiction if (i) the claim for indemnification or advances is denied, in whole
or in part, or (ii) no disposition of such claim is made within ninety (90) days of request therefore. Employee, in such enforcement
action, if successful in whole or in part, shall be entitled to be paid also the expense of prosecuting his claim. It shall be
a defense to any action for which a claim for indemnification is made under Section 1 hereof (other than an action brought to
enforce a claim for expenses pursuant to Section 6 hereof, provided that the required undertaking has been tendered to
the Company) that Employee is not entitled to indemnification because of the limitations set forth in Section 2 hereof. Neither
the failure of the Company (including its board of directors or its stockholders) to have made a determination prior to the commencement
of such enforcement action that indemnification of Employee is proper in the circumstances, nor an actual determination by the
Company (including its board of directors or its stockholders) that such indemnification is improper shall be a defense to the
action or create a presumption that Employee is not entitled to indemnification under this Agreement or otherwise.

 

8.
Subrogation. In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to
all of the rights of recovery of Employee, who shall execute all documents required and shall do all acts that may be necessary
to secure such rights and to enable the Company effectively to bring suit to enforce such rights.

 

9.
Non-Exclusivity of Rights. The rights conferred on Employee by this Agreement shall not be exclusive of any other right which
Employee may have or hereafter acquire under any statute, provision of the Company’s Articles of Incorporation or Bylaws,
agreement, vote of stockholders or directors, or otherwise, both as to action in his official capacity and as to action in another
capacity while holding office.

 

    	 	7	 

     

    

 

10.
Survival of Rights.

 

(a)
The rights conferred on Employee by this Agreement shall continue after Employee has ceased to be a director, officer, Employee
or other agent of the Company or to serve at the request of the Company as a director, officer, Employee or other agent of another
corporation, partnership, joint venture, trust, Employee benefit plan or other enterprise and shall inure to the benefit of Employee’s
heirs, executors and administrators.

 

(b)
The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all
or substantially all of the business or assets of the Company, expressly to assume and agree to perform this Agreement in the
same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

 

11.
Severability. Each of the provisions of this Agreement is a separate and distinct agreement and independent of the others,
so that if any provision hereof shall be held to be invalid for any reason, such invalidity or unenforceability shall not affect
the validity or enforceability of the other provisions hereof. Furthermore, if this Agreement shall be invalidated in its entirety
on any ground, then the Company shall nevertheless indemnify Employee to the fullest extent provided by the Bylaws, the NYCRR
or any other applicable law.

 

12.
Governing Law. This Agreement shall be interpreted and enforced in accordance with the laws of the State of New York.

 

13.
Amendment and Termination. No amendment, modification, termination or cancellation of this Agreement shall be effective unless
in writing signed by both parties hereto.

 

14.
Identical Counterparts. This Agreement may be executed in one or more counterparts, each of which shall for all purposes be
deemed to be an original but all of which together shall constitute but one and the same Agreement. Only one such counterpart
need be produced to evidence the existence of this Agreement.

 

15.
Headings. The headings of the sections of this Agreement are inserted for convenience only and shall not be deemed to constitute
part of this Agreement or to affect the construction hereof.

 

16.
Notices. All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have
been duly given (i) upon delivery if delivered by hand to the party to whom such communication was directed or (ii) upon the third
business day after the date on which such communication was mailed if mailed by certified or registered mail with postage prepaid
to the parties address of record, or to such other address as may have been furnished to Employee by the Company.

 

[signature
page follows]

 

    	 	8	 

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement on and as of the day and year first above written.

 

	CANBIOLA, INC.	 
	 	 
	 	 	 
	By:	Marco Alfonsi, CEO	 
	 	 
	EMPLOYEE	 
	 	 
	 	 
	Stanley L. Teeple	 

 

    	 	9

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