Document:

Exhibit 4.6

  

  

  

  

  

  

  

  
    

    

    

    

    

    

    

    

    

    

    SIERRA WIRELESS, INC.

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

              

    

    AMENDED AND RESTATED RESTRICTED SHARE UNIT PLAN

              

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    Original Date: March 6, 2007

    Last Amended: August 6, 2020

    

    

    
      

      
        

      
        

        

      

    

    

    

    SIERRA WIRELESS, INC.

    

    

    AMENDED AND RESTATED RESTRICTED SHARE UNIT PLAN

    

    

    

    

    	1.	
            HISTORY AND PURPOSE

          

    This Restricted Share Unit Plan has been established by the Company to provide long-term incentives for the success of the Company, to
      support the objectives of employee share ownership, to foster a responsible balance between short term and long term results, and to build and maintain a strong spirit of performance and entrepreneurship.

    	2.	
            PLAN DEFINITIONS AND INTERPRETATIONS

          

    	2.1	
            In this Plan, the following terms have the following meanings:

          

    	

          	(a)	
            “Account” has the meaning ascribed thereto in section 5.1;

          

    	

          	(b)	
            “Applicable Law” means any applicable provision of law, domestic or foreign, including, without limitation, the Securities Act (British Columbia), the U.S. Securities Act of 1933, as amended, and the U.S. Securities Exchange Act of 1934,
              as amended, together with all regulations, rules, policy statements, rulings, notices, orders or other instruments promulgated thereunder and Stock Exchange Rules;

          

    	

          	(c)	
            “Beneficiary” means any person designated by a Participant by written instrument filed with the Company to receive any amount,
              securities or property payable under the Plan in the event of the Participant’s death or, failing any such effective designation, the Participant’s legal representative;

          

    	

          	(d)	
            “Board” means the board of directors of the Company;

          

    	

          	(e)	
            “Business Day” means any day other than a Saturday, a Sunday or a statutory holiday observed in the Province of British Columbia;

          

    	

          	(f)	
            “Committee” means the committee of the Board (which may be constituted by one member of the Board), as constituted from time to time,
              which may be appointed by the Board to, inter alia, interpret, administer and implement the Plan, and includes any successor committee appointed by the Board for such purposes;

          

    	

          	(g)	
            “Company” means Sierra Wireless, Inc. and its respective successors and assigns and any reference in the Plan to action by the Company
              means action by or under the authority of the Board, the Committee or any person that has been designated by the Board as responsible for this Plan;

          

    
      
        

        

      

      
        

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          	(h)	
            “Corporate Transaction” means a sale of all or substantially all of the Company’s assets or shares, or a merger, consolidation or other
              capital reorganization of the Company with or into another corporation;

          

    	

          	(i)	
            “Designated Affiliated Entity” means a person (including a trust or a partnership) or company in which the Company has a significant
              investment and which the Company designates as such for the purposes of this Plan;

          

    	

          	(j)	
            “Disability” means the illness or mental or physical disability or total or partial incapacity of an individual, as certified by a duly
              qualified medical practitioner, such that:

          

    	

          	(i)	
            solely due to such illness, mental or physical disability or incapacity, the individual is unable to perform his duties or unable to competently perform his duties as an
              employee of the Company, a Subsidiary or Designated Affiliated Entity either for any consecutive 4 month period or for any period of 6 months (whether or not consecutive) in any consecutive 12 month period; or

          

    	

          	(ii)	
            a court of competent jurisdiction has declared such individual to be mentally incompetent or incapable of managing his or her affairs;

          

    	

          	(k)	
            “Effective Date” means the 9th day of May, 2007, when this Plan was approved by the Board;

          

    	

          	(l)	
            “Expiry Date” means, with respect to a Share Unit, the date specified in a Grant Agreement as the date on which the Share Unit will be
              terminated and cancelled; or, if no such date is specified in the applicable Grant Agreement, December 31 of the third calendar year following the calendar year that includes the Grant Date of such Share Unit;

          

    	

          	(m)	
            “Fair Market Value” means the closing sales price of the Shares (or if such price is not reported then the mean of the bid and ask
              prices) on the Toronto Stock Exchange on the date of the determination or, if the Shares are not traded on such date, then on the immediately preceding trading date;

          

    	

          	(n)	
            “Fiscal Year” means a fiscal year of the Company;

          

    	

          	(o)	
            “Grant Agreement” means an agreement between the Company and a Participant under which a Share Unit is granted, together with such
              amendments, deletions or changes thereto as are permitted under the Plan;

          

    	

          	(p)	
            “Grant Date” means the date a Share Unit is granted to a Participant under the Plan;

          

    	

          	(q)	
            “including” means including without limitation;

          

    	

          	(r)	
            “Participant” means any person who is a full-time employee or, as permitted by Applicable Law, an outside director or corporate officer
              (who is not an employee) of the Company, a Subsidiary or a Designated Affiliated Entity who has been designated by the Company for participation in the Plan and who has agreed to participate in the Plan on such terms as the Company may
              specify;

          

    
      
        

        

      

      
        

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          	(s)	
            “Payout” means, with respect to each Vested Share Unit, one Share or, in the discretion of the Company, a cash payment equal to the
              Fair Market Value of such Vested Share Unit on the applicable Vesting Date;

          

    	

          	(t)	
            “Plan” means this Restricted Share Unit Plan, as amended and restated from time to time;

          

    	

          	(u)	
            “Shares” means the common shares of the Company, and includes any shares of the Company into which such shares may be converted,
              reclassified, subdivided, consolidated, exchanged or otherwise changed, whether pursuant to a reorganization, amalgamation, merger, arrangement or other form of reorganization;

          

    	

          	(v)	
            “Share Unit” means a Share Unit credited by means of an entry on books of the Company to a Participant pursuant to the Plan,
              representing the right to receive for each Vested Share Unit one Share or cash payment equal to the Fair Market Value thereof, at the time, in the manner, and subject to the terms, set forth in the Plan and the applicable Grant Agreement;

          

    	

          	(w)	
            “Stock Exchange Rules” means the applicable rules of any stock exchange or quotation system upon which shares of the Company are listed
              or quoted, as applicable;

          

    	

          	(x)	
            “Subsidiary” means a subsidiary, as defined in the Canada Business Corporations Act;

          

    	

          	(y)	
            “Termination” or “Terminated” means, for purposes of this Plan with respect to a Participant,
              that the Participant has for any reason ceased to provide continuous services as an employee to the Company, a Subsidiary or a Designate Affiliated Entity. An employee will not be deemed to have ceased to provide continuous services as an
              employee in the case of:

          

    	

          	(i)	
            sick leave; or

          

    	

          	(ii)	
            any other leave of absence approved by the Committee, provided that such leave is for a period of not more than 90 days unless reemployment upon the expiration of such leave
              is guaranteed by contract or statute, or unless provided otherwise pursuant to formal policy adopted from time to time by the Company, a Subsidiary or a Designated Affiliated Entity and issued and promulgated to employees in writing.

          

    The Committee will have sole discretion to determine whether a Participant has ceased to provide continuous services as an
      employee and the effective date on which the Participant ceased to provide services (the “Termination Date”);

    	

          	(z)	
            “Trust Fund” means a trust established pursuant to section 6.1 hereof with the Trustee, for the purpose of funding awards of Share
              Units granted to Participants pursuant to the Plan;

          

    	

          	(aa)	
            “Trustee” means the person or persons as may from time to time be appointed by the Company as trustee of the Trust Fund;

          

    
      
        

        

      

      
        

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          	(bb)	
            “Vested Share Units” means Share Units which have vested in accordance with section 3 and the terms of the applicable Grant Agreement;
              and

          

    	

          	(cc)	
            “Vesting Date” means the date on which Share Units of a Participant become Vested Share Units in accordance with section 3 and the
              terms of the applicable Grant Agreement.

          

    	2.2	
            In the Plan, references to the masculine include the feminine; and references to the singular shall include the plural and vice versa, as the context shall require.

          

    	2.3	
            The Plan shall be governed and interpreted in accordance with the laws of the Province of British Columbia and any actions, proceedings or claims in any way pertaining to the
              Plan shall be commenced in the courts of the Province of British Columbia.

          

    	2.4	
            If any provision of the Plan or part hereof is determined to be void or unenforceable all or in part, such determination shall not affect the validity or enforcement of any
              other provision or part thereof.

          

    	2.5	
            Headings wherever used herein are for reference purposes only and do not limit or extend the meaning of the provisions herein contained. A reference to a section or schedule
              shall, except where expressly stated otherwise, mean a section or schedule of the Plan, as applicable.

          

    	2.6	
            Except where expressly provided otherwise, all references in the Plan to currency refer to lawful Canadian currency.

          

    	2.7	
            The Company may establish schedules to the Plan for the benefit of Participants outside Canada, based on the Plan but modified to take account of local tax, exchange control
              or securities in countries other than Canada.

          

    	3.	
            GRANT OF SHARE UNITS AND TERMS

          

    	3.1	
            The Company may grant Share Units to such Participant or Participants in such number and at such times as the Company may, in its sole discretion, determine, as a bonus or
              similar payment in respect of services rendered by the Participant for a Fiscal Year.

          

    	3.2	
            Each Share Unit will give the Participant the right to receive, with respect to each such Share Unit (or portion or multiple thereof as determined by any performance based
              multiplier specified in the Grant Agreement) which has become a Vested Share Unit pursuant to the provisions of the Plan and in accordance with the terms of the Grant Agreement relating to such Share Unit, a Payout. Share Units will become
              Vested Share Units pursuant to the provisions of this Plan and in accordance with the terms of the Grant Agreement relating to such Share Units which, for greater certainty, may provide that Share Units may become Vested Share Units based on
              a multiplier, as contemplated in Section 3.4 below.

          

    	3.3	
            Unless otherwise determined by the Company and as specifically set out in the Grant Agreement, and subject to the terms of this Plan, including section 7, and the Grant
              Agreement, Share Units granted to a Participant hereunder shall become Vested Share Units as follows: one-third (1/3) of the Share Units shall become Vested Share Units on the first anniversary of the Grant Date for such Share Units;
              one-third (1/3) of the Share Units shall become Vested Share Units on the second anniversary of the Grant Date for such Share Units; and one-third (1/3) of the Share Units

          

    
      
        

        

      

      
        

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    shall become Vested Share Units on the earlier of the third anniversary of the Grant Date for such Share Units and
      December 15 of the third calendar year following the calendar year that includes such Grant Date.

    	3.4	
            Subject to the terms of the Plan and Applicable Law, the Company may determine other terms or conditions of any Share Units, including

          

    	

          	(a)	
            any additional conditions with respect to the vesting of Share Units, in whole or in part, to become Vested Share Units (subject, for greater certainty, to the multiplier cap
              of 200% set out below) or the payment of cash or the provision of Shares under the Plan;

          

    	

          	(b)	
            restrictions on the resale of Shares including escrow arrangements; and

          

    	

          	(c)	
            any other terms and conditions the Company may in its discretion determine;

          

    which shall be set out in the Grant Agreement. The conditions may relate to all or a portion of the Share Units in a grant
      and may be graduated such that different percentages (which may be greater or lesser than 100% subject to such percentage being no greater than 200%) of the Share Units in a grant will become vested depending on the extent of satisfaction of one or
      more such conditions, including any conditions relating to performance. The Company may, in its discretion, subsequent to the Grant Date of a Share Unit, waive any such term or condition or determine that it has been satisfied.

    	3.5	
            No certificates shall be issued with respect to Share Units.

          

    	4.	
            GRANT AGREEMENT

          

    	4.1	
            Each grant of a Share Unit will be set forth in a Grant Agreement containing terms and conditions required under the Plan and such other terms and conditions not inconsistent
              herewith as the Company may, in its sole discretion, deem appropriate.

          

    	5.	
            SHARE UNIT GRANTS AND ACCOUNTS

          

    	5.1	
            An account (“Account”), shall be maintained by the Company for each Participant and will be credited with such grants of Share Units as
              are received by a Participant from time to time pursuant to sections 3.1 and 5.2. Share Units that fail to vest in a Participant pursuant to sections 7.2 or 7.3, or Article 9, or that are paid out to the Participant or his Beneficiary, shall
              be cancelled and shall cease to be recorded in the Participant’s Account as of the date on which such Share Units are forfeited or cancelled under the Plan or are paid out, as the case may be.

          

    	5.2	
            A Participant shall not be entitled to receive any dividends or dividend equivalents in the event that the Company declares dividends that would have been paid to the
              Participant if the Share Units in his or her Share Unit Account on the relevant record date for dividends on the Shares had been Shares.

          

    	6.	
            ESTABLISHMENT OF TRUST FUND AND PURCHASE OF SHARES

          

    	6.1	
            From time to time, the Company may establish and maintain one or more Trust Funds, on such terms and conditions as the Company shall determine. The Company shall from time to
              time, on its own behalf and on behalf of such of its Subsidiaries and Designated Affiliated Entities as

          

    
      
        

        

      

      
        

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    employ Participants, make contributions to the Trust Fund in such amounts and at such times as it may determine for the
      purpose of funding, in whole or in part, awards of Share Units which become payable to Participants pursuant to the Plan.

    	6.2	
            Shares delivered to Participants in connection with the exercise or settlement of Share Units shall be purchased on the open market by the Trustee acting through a broker
              designated by the Trustee who is independent of the Company in accordance with Stock Exchange Rules and who is a member of the Stock Exchange. Subject to the foregoing part of this section 6.2, any such designation of a broker may be changed
              from time to time.

          

    	7.	
            PAYOUTS

          

    	7.1	
            Each Participant who continues in employment with the Company, a Subsidiary or a Designated Affiliated Entity on a Vesting Date shall receive a Payout for each Vested Share
              Unit, subject to withholding tax and other required source deductions. Such Payout shall be made to the Participant or his Beneficiary, as applicable, within 30 days following the Vesting Date and in any event prior to December 31 of the
              calendar year of the Vesting Date. For greater certainty, no interest shall accrue to, or be credited to, the Participant on any amount payable under the Plan.

          

    	7.2	
            Unless otherwise determined by the Company, if a Participant is Terminated by reason of Disability or death prior to a Vesting Date or Vesting Dates, the vesting of any Share
              Units recorded in such Participant’s Share Unit Account not yet vested upon his Termination shall be accelerated such that all Share Units in the Participants Share Unit Account shall be Vested Share Units. All Payout(s) shall be made to the
              Participant or to his Beneficiary, as applicable, as soon as practicable and in any event prior to December 31 of such calendar year(s) in which each such Vesting Date occurs.

          

    	7.3	
            Unless otherwise determined by the Company, if a Participant is Terminated for any reason other than Disability or death, the Participant will not be entitled to any Payout in
              respect of Share Units which are not Vested Share Units at the time of the Participant’s Termination. Any such Share Units recorded in a Participant’s Share Unit Account shall be cancelled without payment.

          

    	7.4	
            The number of Shares to be provided shall be equal to the whole number of Share Units subject to the Payout. Where the number of Share Units allocated would result in the
              provision of a fractional Share Unit in the form of a fractional Share, the number of Share Units to be provided in the form of Shares shall be rounded down to the next whole number of Share Units. No fractional Shares shall be provided nor
              shall cash be paid at any time in lieu of any such fractional interest. Any such fractional interests of a Share Unit which, together with other fractional interests of a Share Unit, form a whole Share Unit, shall be provided in the form of a
              Share as part of the Share Units to be provided to the Participant on the next applicable Vesting Date, if any.

          

    	8.	
            FORFEITED SHARE UNITS

          

    	8.1	
            No cash or other compensation shall at any time be paid in respect of any Share Units which have been forfeited or terminated under this Plan or on account of damages relating
              to any Share Units which have been forfeited or terminated under this Plan.

          

    
      
        

        

      

      
        

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    	8.2	
            Notwithstanding any other provision of the Plan or a Grant Agreement, Share Units granted hereunder shall terminate, if not redeemed or previously terminated and forfeited in
              accordance with the Plan, and be of no further force and effect after the Expiry Date.

          

    	9.	
            CORPORATE TRANSACTION

          

    	9.1	
            In the event of a Corporate Transaction or proposed Corporate Transaction, the Company, at its option, may, subject to Stock Exchange Rules, do either of the following:

          

    	

          	(a)	
            the Company may redeem and cancel Share Units upon giving to any Participant to whom such Share Units have been granted at least 10 days’ written notice of its intention to do
              so, and the Company shall make a Payout in respect of such Share Units in accordance with section 7.3, without regard to the vesting provisions attached to the Share Units contained in the Plan and without regard to the tax consequences of
              such action to any Participant; or

          

    	

          	(b)	
            the Company, or any corporation or entity which is or would be the successor to the Company or which may issue securities in exchange for Shares upon the Reorganization
              becoming effective, may, upon notice to the Participant, substitute for Shares under this Plan securities into which the Shares are changed or are convertible or exchangeable, or securities of such other corporation or entity on a basis
              proportionate to the number of Share Units in the Participant’s account or some other appropriate basis, or some other property.

          

    	9.2	
            The Company may specify in any notice under section 9.1, that, if for any reason, the Corporate Transaction is not completed, the Company may revoke such notice. The Company
              may exercise such right by further notice in writing to the Participant and the Share Unit shall thereafter continue to be allocated to the Participant in accordance with its terms.

          

    	9.3	
            Subsections (a) and (b) of section 9.1 are intended to be permissive and may be utilized independently or successively or in combination or otherwise, and nothing therein
              contained shall be construed as limiting or affecting the ability of the Company to deal with Share Units in the event of a Corporate Transaction in any other manner.

          

    	9.4	
            In the event of the proposed dissolution or liquidation of the Company, to the extent that a Share Unit has not previously become a Vested Share Unit, it will terminate
              immediately prior to the consummation of such proposed action and, except as provided below in this section 9.4, no Payout shall be made with respect thereto. The Company may, in the exercise of its sole discretion in such instances, declare
              that any Share Unit shall become a Vested Share Unit and be subject to a Payout as of a date fixed by the Committee.

          

    	10.	
            CHANGES IN SHARE CAPITAL

          

    	10.1	
            If the number of outstanding Shares of the Company shall be increased or decreased as a result of a stock split, consolidation, reclassification or recapitalization and not as
              a result of the issuance of Shares for additional consideration or by way of a stock dividend in the ordinary course, the Company may make appropriate adjustments to the number of Share Units outstanding under the Plan provided that the
              dollar value of Share Units credited to a Participant's Account immediately after such an adjustment shall not exceed the dollar value of the Share Units credited to such Participant's Account immediately prior thereto. Any determinations by
              the Company as to the

          

    
      
        

        

      

      
        

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    adjustments shall be made in its sole discretion and all such adjustments shall be conclusive and binding for all purposes
      under the Plan.

    	11.	
            ADMINISTRATION

          

    	11.1	
            The Plan shall be administered by the Company in accordance with its provisions. All costs and expenses of administering the Plan will be paid by the Company. The Company, may
              from time to time, establish administrative rules and regulations and prescribe forms or documents relating to the operation of the Plan as it may deem necessary to implement or further the purpose of the Plan and amend or repeal such rules
              and regulations or forms or documents. The Company, in its discretion, may appoint a Committee for the purpose of interpreting, administering and implementing the Plan. The Company may also delegate to the Committee or any director, officer
              or employee of the Company such duties and powers relating to the Plan as it may see fit. The Company may also appoint or engage a trustee, custodian or administrator to administer or implement the Plan.

          

    	11.2	
            The Company shall keep or cause to be kept such records and accounts as may be necessary or appropriate in connection with the administration of the Plan and the discharge of
              its duties. Subject to Applicable Law, at such times as the Company shall determine, the Company shall furnish the Participant with a statement setting forth the details of his or her Share Units including the Grant Date and the Vested and
              unvested Share Units held by each Participant. Such statement shall be deemed to have been accepted by the Participant as correct unless written notice to the contrary is given to the Company within 30 days after such statement is given to
              the Participant. Any payment, notice, statement, certificate or other instrument required or permitted to be given under the Plan shall be given by: (i) delivering it personally to the recipient; or (ii) mailing it postage paid (provided that
              the postal service is then in operation); or (iii) delivering it to the address which is maintained for the Participant in the Company’s personnel records or the Company (attention, Vice President Finance), as applicable. Such payment,
              notice, statement, certificate or other instrument shall be deemed to have been given or delivered on the date on which it was delivered, if mailed (provided that the postal service is then in operation), shall be deemed to have been given or
              delivered on the second business day following the date on which it was mailed and if by facsimile or similar means of electronic transmission, on the next business day following transmission.

          

    	12.	
            BENEFICIARIES AND CLAIMS FOR BENEFITS

          

    	12.1	
            Subject to the requirements of Applicable Law, a Participant may designate in writing a Beneficiary to receive any benefits that are payable under the Plan upon the death of
              such Participant. The Participant may, subject to Applicable Law, change such designation from time to time. Such designation or change shall be in such form and executed and filed in such manner as the Company may from time to time
              determine.

          

    	13.	
            GENERAL

          

    	13.1	
            The transfer of an employee from the Company to a Subsidiary or a Designated Affiliated Entity, from a Subsidiary or a Designated Affiliated Entity to the Company, or from one
              Subsidiary or Designated Affiliated Entity to another Subsidiary or Designated Affiliated Entity, shall not be considered a termination of employment for the purposes of the Plan, nor shall it be considered a termination of employment if a
              Participant is placed on such other leave of absence which is considered by the Company as continuing intact the employment relationship; in such a case, the

          

    
      
        

        

      

      
        

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    employment relationship shall be continued until the later of the date when the leave equals ninety days or the date when
      a Participant’s right to reemployment shall no longer be guaranteed either by law or by contract, except that in the event active employment is not renewed at the end of the leave of absence, the employment relationship shall be deemed to have ceased
      at the beginning of the leave of absence.

    	13.2	
            From time to time the Company may, in addition to its powers under the Plan, add to or amend any of the provisions of the Plan or terminate the Plan or amend the terms of any
              Share Units granted under the Plan; provided, however, that (i) any approvals required under any Applicable Law are obtained, and (ii) except where such amendment or termination required for purposes of compliance with Applicable Law, no such
              amendment or termination shall be made at any time which has the effect of adversely affecting the existing rights of a Participant under the Plan with respect to Share Units that have been granted to them under the Plan without his or her
              consent in writing. Upon the termination of the Plan, in whole or in part, the Company shall, in its sole discretion, but subject to Applicable Law, determine whether the outstanding Share Units (including Vested and unvested Share Units) or
              a portion thereof credited to a Participant affected by the termination shall be automatically redeemed and paid out in a lump sum cash payment net of any applicable withholdings or held for the credit of the Participant and redeemed and paid
              out at a later date in accordance with the terms of the Plan in effect immediately prior to the termination of the Plan.

          

    	13.3	
            The determination by the Company of any question which may arise as to the interpretation or implementation of the Plan or any of the Share Units granted hereunder shall be
              final and binding on all Participants and other persons claiming or deriving rights through any of them.

          

    	13.4	
            The Plan shall enure to the benefit of and be binding upon the Company, its successors and assigns. The interest of any Participant under the Plan or in any Share Unit shall
              not be transferable or alienable by him or her either by pledge, assignment or in any other manner, except to a spouse, minor children or minor grandchildren or a personal holding company or family trust controlled by a Participant, the
              shareholders or beneficiaries of which, as the case may be, are any combination of the Participant, the Participant’s spouse, the Participant’s minor children or the Participant’s minor grandchildren, and after his or her lifetime shall enure
              to the benefit of and be binding upon the Participant’s Beneficiary.

          

    	13.5	
            The Company’s grant of any Share Units or its obligation to make any payments or to provide any Shares hereunder is subject to compliance with Applicable Law. As a condition
              of participating in the Plan, each Participant agrees to comply with all such Applicable Law and agrees to furnish to the Company all information and undertakings as may be required to permit compliance with such Applicable Law.

          

    	13.6	
            The Company, a Subsidiary, a Designated Affiliated Entity or the Trustee may withhold from any amount payable to a Participant, either under this Plan, or otherwise, such
              amount as may be necessary so as to ensure that the Company, the Subsidiary, the Designated Affiliated Entity or the Trustee will be able to comply with the applicable provisions of any federal, provincial, state or local law relating to the
              withholding of tax or other required deductions, including on the amount, if any, includable in the income of a Participant. The Company, a Subsidiary, a Designated Affiliated Entity and the Trustee shall also have the right in its discretion
              to satisfy any such liability for withholding or other required deduction amounts by selling or requiring the Participant to sell Shares which would otherwise be provided to the Participant hereunder. The Company may require a Participant, as
              a condition to the settlement of a Vested Share Unit, to

          

    
      
        

        

      

      
        

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    pay or reimburse the Company, a Subsidiary, a Designated Affiliated Entity or the Trustee for any such withholding or
      other required deduction of amounts related to the settlement of Vested Share Units.

    	13.7	
            A Participant shall not have the right or be entitled to exercise any voting rights, receive any dividends or have or be entitled to any other rights as a shareholder in
              respect of any Share Units except as may otherwise be provided in the Trust Agreement or the applicable Grant Agreement.

          

    	13.8	
            Neither designation of an employee as a Participant nor the grant of any Share Units to any Participant entitles any Participant to the grant, or any additional grant, as the
              case may be, of any Share Units under the Plan. Neither the Plan nor any action taken thereunder shall interfere with the right of any person that employs a Participant to terminate the Participant’s employment at any time. Neither any period
              of notice, if any, nor any payment in lieu thereof, upon termination of employment, wrongful or otherwise, shall be considered as extending the period of employment for the purposes of the Plan.

          

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    Schedule 1 - France

    Purpose of this Schedule

    The purpose of this Schedule is to make certain variations to the terms of the Plan, in order to satisfy French securities laws, exchange
      control, corporate law, social security and tax requirements (especially the provisions of Articles L225-197-1 et seq. of the French Commercial Code) to qualify for favourable income tax and social security treatment in France. The rules of the Plan
      shall apply subject to the modifications contained in this Schedule 1 whenever the Committee decides to grant a qualifying Share Unit to an Eligible Individual, as defined in this Schedule.

    International Mobility – Change of Tax Residence

    In the event that a Participant ceases to be a French tax resident at any time when he is the holder of Shares or Vested Share Units that are
      subject to the Holding Period under the rules of this Schedule 1, the Participant will promptly notify the Committee of such change of tax residence, and the effective date thereof.

    In the event that such Participant wishes to have the above mentioned Shares or Vested Share Units removed from the application of the Holding
      Period requirements under this Schedule 1, the Participant will seek the approval of the Committee, by written notice to the Committee. The Participant will provide such information to the Committee as it may reasonably request. In considering
      whether to approve such request, the Committee shall act reasonably in its sole discretion.

    	1	
            Section 1 (Purpose)

          

    No modification.

    	2	
            Section 2 (Plan definition and interpretations)

          

    	2.1	
            The definitions of “Participant”, “Payout” and “Share Unit” stated in Section 2 of the Plan shall be deleted and replaced by the following definitions:

          

    “Participant” means any Eligible Individual selected by the Committee or the
      Board to be granted Share Units.

    “Payout” means, with respect to each Vested Share Unit, one Share.

    “Share Unit” means a Share Unit credited by means of an entry on books of the
      Company to a Participant pursuant to the Plan, representing the right to receive for each Vested Share Unit one Share, at the time, in the manner, and subject to the terms, set forth in the Plan and the applicable Grant Agreement.

    	2.2	
            For the purpose of Share Units granted under this Schedule 1, the following new definitions shall be added to those stated in Section 2 of the Plan:

          

    “Closed Period” means (i) the period of thirty (30) calendar days preceding the
      announcement of an interim financial report or an annual report that the Company is required to make public; (ii) the period during which any Eligible Individual has knowledge of any insider information (information
        privilégiée) (within the meaning of article 7 of Regulation (EU) No 596/2014 on market abuse) that has not been made public and (iii) any other Dealing Restrictions period.

    
      
        

        

      

      
        

      (ii)

      
        

        

      

    

    
    

    

    “Corporate Officer” means the chairman of the board of directors (président du Conseil d’adminitration), the chief executive officer (directeur général), the deputy chief executive officers (directeurs
        généraux délégués), the members of the management board (membre du Directoire) or the manager (gérant) of a joint-stock company.

    “Dealing Restrictions” means restrictions on dealing in Shares imposed by any
      law, regulation or code of practice or otherwise.

    “Defined Disability” means the circumstance where a Participant is recognised as
      a disabled employee of the second or third category under the meaning of Article L.341-4 of the French Social Security Code.

    “Eligible Individual” means any individual who is a French tax resident and a
      salaried employee or a Corporate Officer1 of Sierra Wireless S.A. or Sierra Wireless Solutions & Services SA, or Mobiquithings SAS or Sierra Wireless France SAS, or
      any Member of the Group.

    “Holding Agreement” means an agreement between the Participant, the Company and
      an account keeper (teneur de compte) designated by the Company, in such form as determined by the Company and delivered by the Participant, in which the Participant undertakes not to sell or transfer Shares
      before expiry of the Holding Period, and the account keeper undertakes not to perform any such order before expiry of the Holding Period.

    “Holding Period” means (i) a one-year period following the transfer to the
      relevant Participant of the Shares Vested on the first anniversary of the Grant Date, during which the Shares cannot be sold, transferred or otherwise disposed; as well as (ii) any period following the transfer of the Shares to be normally Vested on
      the second or third anniversary of the Grant Date in the event the period between the Grant Date and such transfer is less than two years, in which case such holding period during which the Shares cannot be sold, transferred or otherwise disposed,
      shall mean the period starting on the date of such transfer and the expiry of two years from the Grant Date.

    “Member of the Group” means any one of: Sierra Wireless, Inc. or any direct or
      indirect subsidiary of Sierra Wireless, Inc., where Sierra Wireless, Inc. holds, directly or indirectly, at least 10 per cent of the share capital or voting rights.

    “Vesting” means a Participant becoming entitled to receive the Shares comprised
      in his or her Vested Share Units and “Vest” shall be construed accordingly.

    	2.3	
            All capitalised terms used in this Schedule 1 and not otherwise defined herein shall have the meaning ascribed to them in the Plan.

          

    	3	
            Section 3 (Grant of Share Units and Terms)

          

    	3.1	
            Section 3.4 shall be deleted and replaced by the following provisions:

          

    	

          	“3.4	
            Subject to the terms of the Plan, the Company may determine other terms or conditions of any Share Units, including

          

    

    

    
      

    	1	
            Only if the requirements introduced by law n° 2008-1258 dated 3 December 2008 and law n° 2019-486 dated 22 May 2019 in a new Article L225-197-6 of the French Code of Commerce are met.

          

    
      
        

        

      

      
        

      (iii)

      
        

        

      

    

    

    

    	

          	(a)	
            any additional conditions, such as relating to performance or objectives, with respect to the vesting of Share Units, in whole or in part, to become Vested Share Units or the
              provision of Shares under the Plan;

          

    	

          	(b)	
            restrictions on the resale of Shares including escrow arrangements; and

          

    	

          	(c)	
            any other terms and conditions the Company may in its discretion determine;

          

    which shall be set out in the Grant Agreement. The conditions may relate to all or a portion of the Share Units in a
      grant and may be graduated such that different percentages (which may be lesser but not greater than 100%) of the Share Units in a grant will become vested depending on the extent of satisfaction of one or more such conditions. The Company may, in
      its discretion, subsequent to the Grant Date of a Share Unit, waive any such term or condition or determine that it has been satisfied, to the extent not contrary to Applicable Law.”

    	3.2	
            A new Section 3.6 shall be added, according to the following terms:

          

    	

          	“3.6	
            A grant of Share Units cannot be made to any Eligible Individual already holding more than 10 per cent of the share capital of the Company, nor result in an Eligible
              Individual holding more than 10 per cent of the share capital of the Company.

          

    The total number of Shares which may be allocated under the Plan or any other free shares plan shall not exceed 10 per
      cent of the share capital of the Company in issue at the Grant Date. “Allocate” means granting a right to acquire unissued or existing shares and the allotment of existing shares. Shares that have not been definitively allocated at the Vesting Date
      and Shares that are not subject to any Holding Period anymore will not count towards this limit.”

    	

          	3.3	
            Section 3.7 shall be added, according to the following terms:

          

    	

          	“3.7	
            The Board or the Committee shall not grant Share Units under this Schedule 1 after 76 months following effective date of this Schedule 1.”

          

    	4	
            Section 4 (Grant Agreement)

          

    No modification.

    	5	
            Section 5 (Share Unit grants and accounts)

          

    	5.1	
            In Section 5.1, the words “or that are paid out to the Participant or his Beneficiary” and “or are paid out, as the case may be” shall be deleted.

          

    	6	
            Section 6 (Establishment of Trust Fund and Purchase of Shares)

          

    No modification.

    	7	
            Section 7 (Payouts)

          

    	7.1	
            Section 7.1 shall be deleted and replaced by the following provisions:

          

    	

          	“7.1	
            Vesting. Each Participant who continues in employment with the Company, a Subsidiary or a Designated Affiliated Entity on a Vesting
              Date shall receive a Payout for

          

    
      
        

        

      

      
        

      (iv)

      
        

        

      

    

    

    

    each Vested Share Unit. Subject to Section 7.6 (Delay for Dealing Restrictions),
      the Company shall arrange for the number of Shares in respect of which the Share Unit has vested to be transferred as soon as administratively practicable after the Vesting Date to a share account administered in the name and for the benefit of the
      Participant by an account keeper (teneur de compte) designated by the Committee. Participants shall have full shareholder voting and dividend rights on the transferred Shares. For greater certainty, no
      interest shall accrue to, or be credited to, the Participant on any amount payable under the Plan.

    Notwithstanding any provision of the Plan or this Schedule 1 other than Section 7.2 (Death

        and Defined Disability), the Vesting Date shall not be before the first anniversary of the Grant Date. If a Share Unit would Vest, in accordance with any provision of the Plan or this Schedule 1, other than under Section 7.2 (Death and Defined Disability), before the first anniversary of the Grant Date, the Share Unit will not so Vest but will continue until the first anniversary of the Grant Date, or a later date as determined by the
      Committee, when it will Vest.

    	7.2	
            Section 7.2 shall be deleted and replaced by the following provisions:

          

    	

          	“7.2.	
            Death and Defined Disability. Notwithstanding any other rule of the Plan, where a Participant leaves employment for reason of death,
              his or her personal representatives may require, within six (6) months from the date of death, Vesting of the deceased’s Share Units and the transfer of the underlying Shares. The Shares will be transferred to the personal representatives of
              the Participant as soon as practicably possible following their request, and shall not be subject to any Holding Period.

          

    Notwithstanding any other rule of the Plan, where a Participant suffers from a Defined Disability, he or she can request
      at any time the Vesting of its Share Units and the transfer of the underlying Shares. Shares transferred to a Participant suffering from a Defined Disability shall not be subject to any Holding Period.”

    	7.3	
            In Section 7.3, the word “Disability” shall be deleted and replaced by the words “Defined Disability”.

          

    	7.4	
            A new Section 7.5 (Holding Period) shall be added, according to the following provisions:

          

    	

          	“7.5	
            Holding Period.

          

    	

          	7.5.1	
            Shares transferred under Section 7.1 will be held by the account keeper on behalf of the Participant, for the duration of the Holding Period, in accordance with the provisions
              of the Holding Agreement, except as provided under Section 7.2 (Death and Defined Disability).

          

    	

          	7.5.2	
            Upon expiry of the Holding Period, the Participant will be free to dispose of the Shares, except

          

    	

          	(a)	
            during the Closed Periods during which the sale of the Shares is prohibited; and

          

    	

          	(b)	
            with respect to Corporate Officers, such number of Shares as determined by the Board or the Committee which shall be kept for the entire term of his or her office.”

          

    	7.5	
            A new Section 7.6 (Delay for Dealing Restrictions) shall be added, according to the following provisions:

          

    
      
        

        

      

      
        

      (v)

      
        

        

      

    

    

    

    	

          	“7.6	
            Delay for Dealing Restrictions.

          

    	

          	7.6.1	
            If the Vesting of a Share Unit is prevented on any date by a Dealing Restriction, the Share Unit will Vest on the first date on which it is no longer so prevented.

          

    	

          	7.6.2	
            If the transfer of Shares is prohibited according to Section 7.5.2 (Holding Period), the period for transfer of Shares under those
              rules will start (or continue) to run from the first date on which it is no longer so prevented.”

          

    	8	
            Section 8 (Forfeited Share Units)

          

    No modification.

    	9	
            Section 9 (Corporate Transaction)

          

    Section 9 shall apply only to the extent it does not run foul of Article L225-197-1-III of the French Commercial Code.

    	10	
            Section 10 (Change in share capital)

          

    Section 10 shall apply only to the extent it does not run foul of Article L225-197-1-III of the French Commercial Code.

    	11	
            Section 11 (Administration)

          

    No modification.

    	12	
            Section 12 (Beneficiaries and claims for benefits)

          

    Section 12 shall be deleted.

    	13	
            Section 13 (General)

          

    	13.1	
            In Section 13.2, the words “Upon the termination of the Plan, in whole or in part, the Company shall, in its discretion, but subject to Applicable Law, determine whether the
              outstanding Share Units (including Vested and unvested Share Units) or a portion thereof credited to a Participant affected by the termination shall be automatically redeemed and paid out in a lump sum cash payment net of any applicable
              withholdings or held for the credit of the Participant and redeemed and paid out at a later date in accordance with the terms of the Plan in effect immediately prior to the termination of the Plan” shall be deleted.

          

    	13.2	
            In Section 13.4, the words “except to a spouse, minor children or minor grandchildren or a personal holding company or family trust controlled by a Participant, the
              shareholders or beneficiaries of which, as the case may be, are any combination of the Participant, the Participant’s spouse, the Participant’s minor children or the Participant’s minor grandchildren, and after his or her lifetime shall
              ensure to the benefit of and be binding upon the Participant’s Beneficiary” shall be deleted.

          

    	13.3	
            In Section 13.5, the words “or its obligation to make any payments” shall be deleted.

          

    
      
        

        

      

      
        

      (vi)

      
        

        

      

    

    

    

    	13.4	
            Section 13.6 shall be deleted and replaced by the following provisions:

          

    	

          	“13.6	
            Tax. The Participant will be responsible, subject to Applicable Law, for all taxes, social
              security contributions or other levies arising in connection with a Share Unit. The Company, any employing company or trustee of any employee benefit trust, may withhold any amounts or make such arrangements as it considers necessary to meet
              any liability to pay or account for any such taxation or social security contributions or other levies. These arrangements may include the deduction of the amount of the liability from any cash amount payable to the Participant under the Plan
              or otherwise. The Participant will promptly do all things necessary to facilitate such arrangements and, notwithstanding anything to the contrary in the Plan, Vesting or the transfer of Shares may be delayed until he or she does so. The
              Participants (or heirs, if applicable) are responsible for reporting the receipt of any income under the Plan, however made, to the appropriate tax authorities. The Member of the Group with whom a Participant is or was in employment on the
              date the Shares are transferred will communicate the name of the Participant and the number of Shares being transferred to the social security authorities competent for that Member of the Group, in accordance with the provisions of Article
              L.242-1 of the French Social Security Code.”

          

    	13.5	
            Section 13.7, the words “except as may otherwise be provided in the Trust Agreement or the applicable Grant Agreement” shall be deleted.

          

    	14	
            Section 14 (Severability)

          

    A new section 14 (Severability) shall be added, according to the following provisions:

    “Severability

    The terms and conditions provided in the Plan as amended by this Schedule 1 are severable and if any one or more
      provisions are determined to be illegal or otherwise unenforceable under French law, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable.”Exhibit
10.1

 

NOTE
PURCHASE AGREEMENT

 

THIS
NOTE PURCHASE AGREEMENT (this “Agreement”), dated as of October [__], 2021, (the “Execution Date”),
is entered into by and between DEEP GREEN WASTE & RECYCLING, INC., a Wyoming
corporation (the “Company”), and each “Buyer” set forth on the attached Issuance Schedule (each,
a “Buyer”). Each capitalized term used herein shall have the meaning ascribed thereto in Section 10 below,
or as otherwise defined herein.

 

WHEREAS,
the Company and each Buyer are executing and delivering this Agreement in reliance upon an exemption from securities registration afforded
by the rules and regulations as promulgated by the United States Securities and Exchange Commission (the “SEC”) under
the Securities Act of 1933, as amended (the “Securities Act”); and

 

WHEREAS,
the Buyers desire to purchase and the Company desires to issue and sell, upon the terms and conditions set forth in this Agreement (i)
secured convertible promissory notes of the Company, in the form attached hereto as Exhibit A, in an aggregate funded amount of
$1,200,000 as set forth on the Issuance Schedule attached hereto (each such note, together with any note(s) issued in replacement
thereof or as a dividend thereon or otherwise with respect thereto in accordance with the terms thereof, a “Note”),
convertible into shares (the “Conversion Shares”) of common stock, $0.0001 par value per share, of the Company (the
“Common Stock”) pursuant to the terms of the Note; and (ii) warrants to acquire shares (the “Warrant Shares”)
of Common Stock in the form attached hereto as Exhibit B (the “Warrant”), in such amounts set forth on the
Issuance Schedule; and

 

WHEREAS,
as inducement to enter into this Agreement, and for the funding of each Note, the Company desires to issue to the Buyers shares of Common
Stock (the “Commitment Shares”) as set forth herein.

 

NOW
THEREFORE, in consideration of the mutual covenants contained in this Agreement, and for other good and valuable consideration, the
receipt and adequacy of which are hereby acknowledged, the Company and each Buyer hereby agree as follows:

 

	1.	PURCHASE
                                            AND SALE OF SECURITIES.

 

		(a)	Closing.
                                            On the Closing Date (as defined below), the Company shall sell and issue to each Buyer and
                                            each Buyer shall purchase and fund a Note in such principal amount, and for such funding
                                            price, set forth on the Issuance Schedule under “October Closing” (the
                                            “Closing”), which such funding amount shall be $556,500.00 for each Buyer
                                            for the Closing (the “Company Funding Amount”).

 

		(b)	Closing
                                            Date. Subject to the satisfaction (or written waiver) of the conditions set forth in
                                            Section 7 and Section 8 below, the date of the issuance and sale of each Note
                                            constituting the Closing pursuant to this Agreement (the “Closing Date”)
                                            shall be the Execution Date.

 

		(c)	Form
                                            of Payment. On the Closing Date, each Buyer shall deliver the Company Funding Amount
                                            by wire transfer of immediately available funds, in accordance with the Company’s written
                                            wiring instructions.

 

    	 

     

    

 

		(d)	Warrants.
                                            On the Closing Date, the Company shall deliver Warrants to each Buyer constituting 100% warrant
                                            coverage in such amounts as set forth on the Issuance Schedule.

 

		(e)	Commitment
                                            Shares. The Company shall be required to deliver the Commitment Shares to the Buyers,
                                            and each Buyer shall be entitled to receive such shares at the Closing, in an aggregate amount
                                            of shares as set forth on the Issuance Schedule:

 

	2.	REPRESENTATIONS
                                            AND WARRANTIES OF THE BUYER. Each Buyer, severally and not jointly, represents and warrants
                                            to the Company that:

 

		(a)	Investment
                                            Purpose. As of the Execution Date, the Buyer is purchasing the Securities for its own
                                            account for investment only and not with a view towards the public sale or distribution thereof,
                                            except pursuant to sales registered or exempted from registration under the Securities Act;
                                            provided, however, that by making the foregoing representation and warranty,
                                            the Buyer does not agree to hold any of the Securities for any minimum or other specific
                                            term and reserves the right to dispose of all or any portion of the Securities at any time
                                            in accordance with or pursuant to a registration statement or an exemption under the Securities
                                            Act.

 

		(b)	Reliance
                                            on Exemptions. The Buyer understands that the Securities are being offered and sold to
                                            it in reliance upon specific exemptions from the registration requirements of United States
                                            federal and state securities laws and that the Company is relying upon the truth and accuracy
                                            of, and the Buyer’s compliance with, the representations, warranties, agreements, acknowledgments
                                            and understandings of the Buyer set forth herein in order to determine the availability of
                                            such exemptions and the eligibility of the Buyer to acquire the Securities.

 

		(c)	Information.
                                            The Buyer and its advisors, if any, have been furnished with all materials relating to the
                                            business, finances and operations of the Company and materials relating to the offer and
                                            sale of the Securities which have been requested by the Buyer or its advisors. The Buyer
                                            and its advisors, if any, have been afforded the opportunity to ask questions of the Company.
                                            Notwithstanding the foregoing, the Company has not disclosed to the Buyer any material non-public
                                            information and will not disclose such information unless such information is disclosed to
                                            the public prior to or promptly following such disclosure to the Buyer. Neither such inquiries
                                            nor any other due diligence investigation conducted by Buyer or any of its advisors or representatives
                                            shall modify, amend or affect Buyer’s right to rely on the Company’s representations
                                            and warranties contained in Section 3 below.

 

		(d)	Authorization;
                                            Enforcement; Organization. This Agreement has been duly and validly authorized by the
                                            Buyer. This Agreement has been duly executed and delivered on behalf of the Buyer, and this
                                            Agreement constitutes a valid and binding agreement of the Buyer enforceable in accordance
                                            with its terms. The Buyer is an entity organized or incorporated under the laws of its jurisdiction
                                            of organization or incorporation.

 

    	2 

     

    

 

		(e)	Accredited
                                            Investor Status. The Buyer is (i) an “accredited investor” as that term is
                                            defined in Rule 501 of the General Rules and Regulations under the Securities Act by reason
                                            of Rule 501(a)(3) (an “Accredited Investor”), (ii) experienced in making
                                            investments of the kind described in this Agreement and the related documents, (iii) able,
                                            by reason of the business and financial experience of its officers (if an entity) and professional
                                            advisors (who are not affiliated with or compensated in any way by the Company or any of
                                            its Affiliates or selling agents), to protect its own interests in connection with the transactions
                                            described in this Agreement, and the related documents, and (iv) able to afford the entire
                                            loss of its investment in the Securities.

 

		(f)	General
                                            Solicitation. The Buyer is not purchasing the Securities as a result of any advertisement,
                                            article, notice or other communication regarding the Securities published in any newspaper,
                                            magazine or similar media or broadcast over television or radio or presented at any seminar
                                            or any other general solicitation or general advertisement.

 

	3.	REPRESENTATIONS
                                            AND WARRANTIES OF THE COMPANY. The Company represents and warrants to each Buyer that
                                            as of the Execution Date and as of the Closing Date (or as of such other time expressly specified
                                            below):

 

		(a)	Corporate
                                            Governance Compliance:

 

		(i)	Issuance
                                            of Commitment Shares, Note and Conversion Shares and Warrant and Warrant Shares. Each
                                            Note has been duly authorized and is being validly issued to each Buyer. The Conversion Shares
                                            have been duly authorized and fully reserved for issuance and, upon conversion of each Note
                                            in accordance with its terms, will be validly issued, fully paid and non-assessable, and
                                            free from all taxes, liens, claims and encumbrances with respect to the issue thereof, with
                                            the holders being entitled to all rights accorded to a holder of Common Stock. The Conversion
                                            Shares shall not be subject to pre-emptive rights or other similar rights of stockholders
                                            of the Company (except to the extent already waived) and will not impose personal liability
                                            upon the holder thereof, other than restrictions on transfer provided for in the Transaction
                                            Documents and under the Securities Act. Each Warrant has been duly authorized and is being
                                            validly issued to each Buyer. The Warrant Shares have been duly authorized and fully reserved
                                            for issuance and, upon exercise of a Warrant in accordance with its terms, will be validly
                                            issued, fully paid and non-assessable, and free from all taxes, liens, claims and encumbrances
                                            with respect to the issue thereof, with the holders being entitled to all rights accorded
                                            to a holder of Common Stock. The Warrant Shares shall not be subject to pre-emptive rights
                                            or other similar rights of stockholders of the Company (except to the extent already waived)
                                            and will not impose personal liability upon the holder thereof, other than restrictions on
                                            transfer provided for in the Transaction Documents and under the Securities Act. The Commitment
                                            Shares have been duly authorized and upon delivery to each Buyer shall be validly issued,
                                            fully paid and non-assessable, and free from all taxes, Liens, claims and encumbrances with
                                            respect to the issue thereof, with each Buyer being entitled to all rights accorded to a
                                            holder of Common Stock. The Commitment Shares shall not be subject to pre-emptive rights
                                            or other similar rights of stockholders of the Company (except to the extent already waived)
                                            and will not impose personal liability upon the holder thereof, other than restrictions on
                                            transfer provided for in the Transaction Documents and under the Securities Act.

 

    	3 

     

    

 

		(ii)	Organization
                                            and Qualification. The Company is a corporation duly incorporated, validly existing and
                                            in good standing under the laws of the State of Nevada, with the requisite corporate power
                                            and authority to own and use its properties and assets and to carry on its business as currently
                                            conducted. Each of the Subsidiaries is an entity duly incorporated or otherwise organized,
                                            validly existing and in good standing under the laws of the jurisdiction of its incorporation
                                            or organization, with the requisite corporate power and authority to own and use its properties
                                            and assets and to carry on its business as currently conducted. Each of the Company and the
                                            Subsidiaries is not in violation or default of any of the provisions of its respective certificate
                                            or articles of incorporation, bylaws or other organizational or charter documents. Each of
                                            the Company and the Subsidiaries is duly qualified to conduct business and is in good standing
                                            as a foreign corporation or other entity in each jurisdiction in which the nature of the
                                            business conducted or property owned by it makes such qualification necessary, except where
                                            the failure to be so qualified or in good standing, as the case may be, could not have or
                                            reasonably be expected to result in a Material Adverse Effect and no proceeding has been
                                            instituted in any such jurisdiction revoking, limiting or curtailing or seeking to revoke,
                                            limit or curtail such power and authority or qualification.

 

		(iii)	Authorization;
                                            Enforcement. The Company has the requisite corporate power and authority to enter into
                                            and perform its obligations under this Agreement and the other Transaction Documents. The
                                            execution and delivery of this Agreement and the other Transaction Documents by the Company
                                            and the consummation by it of the transactions contemplated hereby and thereby have been
                                            duly authorized by all necessary corporate action, and no further consent or authorization
                                            of the Company or its Board of Directors or stockholders is required. Each of this Agreement
                                            and the other Transaction Documents has been duly executed and delivered by the Company and
                                            constitutes a valid and binding obligation of the Company enforceable against the Company
                                            in accordance with its terms, except as such enforceability may be limited by applicable
                                            bankruptcy, insolvency, or similar laws relating to, or affecting generally the enforcement
                                            of, creditors’ rights and remedies or by other equitable principles of general application.

 

    	4 

     

    

 

		(iv)	Capitalization.
                                            As of the Execution Date, the authorized capital stock of the Company is as set forth in
                                            the SEC Documents (as defined below). Except as set forth on Schedule 3(a)(iv), the
                                            Company has not issued any capital stock since its most recently filed SEC Document, other
                                            than pursuant to the exercise of employee stock options under the Company’s stock option
                                            plans, the issuance of shares of Common Stock to employees pursuant to the Company’s
                                            employee stock purchase plans and pursuant to the conversion and/or exercise of Common Stock
                                            Equivalents outstanding as of the date of the most recently filed SEC Document. Except as
                                            disclosed in the SEC Documents, no shares are reserved for issuance pursuant to the Company’s
                                            stock option plans, no shares are reserved for issuance pursuant to the terms of any Common
                                            Stock Equivalents (other than the Notes and the Warrants) exercisable for, or convertible
                                            into or exchangeable for shares of Common Stock and sufficient shares are reserved for issuance
                                            upon conversion of the Notes and upon exercise of the Warrants (as required by the Notes,
                                            the Warrants and Transfer Agent Instruction Letters). All of such outstanding shares of capital
                                            stock are, or upon issuance will be, duly authorized, validly issued, fully paid and non-assessable.
                                            No shares of capital stock of the Company are subject to preemptive rights or any other similar
                                            rights of the stockholders of the Company or any liens or encumbrances imposed through the
                                            actions or failure to act of the Company. Except as disclosed in the SEC Documents, as of
                                            the Execution Date, (i) there are no outstanding options, warrants, scrip, rights to subscribe
                                            for, puts, calls, rights of first refusal, agreements, understandings, claims or other commitments
                                            or rights of any character whatsoever relating to, or securities or rights convertible into
                                            or exchangeable for any shares of capital stock of the Company or any of its Subsidiaries,
                                            or arrangements by which the Company or any of its Subsidiaries is or may become bound to
                                            issue additional shares of capital stock of the Company or any of its Subsidiaries, (ii)
                                            there are no agreements or arrangements under which the Company or any of its Subsidiaries
                                            is obligated to register the sale of any of its or their securities under the Securities
                                            Act and (iii) there are no anti-dilution or price adjustment provisions contained in any
                                            security issued by the Company (or in any agreement providing rights to security holders)
                                            that will be triggered by the issuance of the Securities. The Company has filed in its SEC
                                            Documents true and correct copies of the Company’s Certificate of Incorporation as
                                            in effect on the Execution Date, the Company’s bylaws, as in effect on the Execution
                                            Date, and the terms of all securities convertible into or exercisable for Common Stock of
                                            the Company and the material rights of the holders thereof in respect thereto. The Company
                                            shall provide the Buyer a certification of this representation signed by the Company’s
                                            Chief Executive Officer on behalf of the Company as of the Closing Date.

 

		(v)	No
                                            Conflicts. The execution, delivery and performance of this Agreement and the other Transaction
                                            Documents by the Company and the consummation by the Company of the transactions contemplated
                                            hereby and thereby (including, without limitation, the issuance and reservation for issuance
                                            of the Conversion Shares and the Warrant Shares) will not (a) result in a violation of the
                                            Company’s or any Subsidiary’s certificate or articles of incorporation, by-laws
                                            or other organizational or charter documents, (b) conflict with, or constitute a material
                                            default (or an event that with notice or lapse of time or both would become a material default)
                                            under, result in the creation of any Lien upon any of the properties or assets of the Company
                                            or any Subsidiary, or give to others any rights of termination, amendment, acceleration or
                                            cancellation of, any agreement, indenture, instrument or any “lock-up” or similar
                                            provision of any underwriting or similar agreement to which the Company or any Subsidiary
                                            is a party, or (c) result in a violation of any federal, state or local law, rule, regulation,
                                            order, judgment or decree (including federal and state securities laws and regulations) applicable
                                            to the Company or any Subsidiary or by which any property or asset of the Company or any
                                            Subsidiary is bound or affected (except for such conflicts, defaults, terminations, amendments,
                                            accelerations, cancellations and violations as would not, individually or in the aggregate,
                                            have a Material Adverse Effect), nor is the Company otherwise in violation of, conflict with
                                            or in default under any of the foregoing. The business of the Company is not being conducted
                                            in violation of any law, ordinance or regulation of any governmental entity, except for possible
                                            violations that either singly or in the aggregate do not and will not have a Material Adverse
                                            Effect. The Company is not required under federal, state or local law, rule or regulation
                                            to obtain any consent, authorization or order of, or make any filing or registration with,
                                            any court or governmental agency in order for it to issue the Conversion Shares or the Warrant
                                            Shares or to execute, deliver or perform any of its obligations under this Agreement or the
                                            other Transaction Documents (other than any SEC, FINRA or state securities filings that may
                                            be required to be made by the Company subsequent to Closing).

 

    	5 

     

    

 

		(b)	SEC
                                            and Offering Compliance:

 

		(i)	SEC
                                            Documents. The Company has timely filed all documents required for it to be deemed “fully
                                            reporting” and “current” and in compliance with the periodic and current
                                            reporting requirements of Section 13 or 15(d) of the Exchange Act, and in compliance with
                                            the Rule 144(c)(1) under the Securities Act (the foregoing materials, including the exhibits
                                            thereto and documents incorporated by reference therein, being collectively referred to herein
                                            as the “SEC Documents”). The SEC Documents comply in all material respects
                                            with the requirements of the Securities Act and the Exchange Act, as applicable, and other
                                            federal laws, rules and regulations applicable to such SEC Documents, and none of the SEC
                                            Documents when filed will contain any untrue statement of a material fact or omit to state
                                            a material fact required to be stated therein or necessary in order to make the statements
                                            therein, in light of the circumstances under which they were made, not misleading.

 

		(ii)	Financial
                                            Statements. The financial statements of the Company included in its SEC Documents (the
                                            “Financial Statements”) comply as to form and substance in all material
                                            respects with applicable accounting requirements and the published rules and regulations
                                            of the SEC as well as other applicable rules and regulations with respect thereto. Such Financial
                                            Statements have been prepared in accordance with generally accepted accounting principles
                                            applied on a consistent basis during the periods involved (except (a) as may be otherwise
                                            indicated in such Financial Statements or the notes thereto or (b) in the case of unaudited
                                            interim statements, to the extent they may not include footnotes or may be condensed or summary
                                            statements) and fairly present in all material respects the financial position of the Company
                                            as of the dates thereof and the results of operations and cash flows for the periods then
                                            ended (subject, in the case of unaudited statements, to normal, immaterial, year-end audit
                                            adjustments). The Company maintains a system of internal accounting controls appropriate
                                            for its size. There is no transaction, arrangement, or other relationship between the Company
                                            and an unconsolidated or other off balance sheet entity that is not disclosed by the Company
                                            in its Financial Statements or otherwise that would be reasonably likely to have a Material
                                            Adverse Effect. Except with respect to the material terms and conditions of the transactions
                                            contemplated by the Transaction Documents, the Company confirms that neither it nor any other
                                            Person acting on its behalf has provided the Buyer or its agents or counsel with any information
                                            that it believes constitutes or might constitute material, non-public information. The Company
                                            understands and confirms that the Buyer will rely on the foregoing representation in effecting
                                            transactions in securities of the Company.

 

    	6 

     

    

 

		(iii)	Acknowledgment
                                            Regarding Buyers’ Purchase of Securities. The Company acknowledges and agrees that
                                            each Buyer is acting solely in the capacity of an arm’s length purchaser with respect
                                            to the Transaction Documents and the transactions contemplated hereby and thereby and that
                                            each Buyer is neither (i) an officer or director of the Company or any of its Subsidiaries,
                                            nor (ii) an “affiliate” (as defined in Rule 144) of the Company or any of its
                                            Subsidiaries. The Company further acknowledges that each Buyer is not acting as a financial
                                            advisor or fiduciary of the Company or any of its Subsidiaries (or in any similar capacity)
                                            with respect to the Transaction Documents and the transactions contemplated hereby and thereby,
                                            and any advice given by a Buyer or any of its representatives or agents in connection with
                                            the Transaction Documents and the transactions contemplated hereby and thereby is merely
                                            incidental to each Buyer’s purchase of the Securities. The Company further represents
                                            to each Buyer that the Company’s decision to enter into the Transaction Documents has
                                            been based solely on the independent evaluation by the Company and its representatives.

 

		(iv)	No
                                            Integrated Offering. Neither the Company, nor any person acting on its or their behalf,
                                            has directly or indirectly made any offers or sales in any security or solicited any offers
                                            to buy any security under circumstances that would require registration under the Securities
                                            Act of the issuance of the Securities to the Buyer. The issuance of the Securities to each
                                            Buyer will not be integrated with any other issuance of the Company’s securities (past,
                                            current or future) for purposes of any stockholder approval provisions applicable to the
                                            Company or its securities.

 

		(v)	No
                                            Brokers. Except as set forth on Schedule 3(b)(v), no broker is entitled to a commission
                                            payable by the Company in connection with the transactions contemplated by this transaction
                                            and the Company has taken no action which would give rise to any claim by any person for
                                            brokerage commissions, transaction fees or similar payments relating to this Agreement or
                                            the transactions contemplated hereby. Any all fees due to any brokers shall be paid and satisfied
                                            by the Company at the Closing except as otherwise provided in Section 1(c) of this
                                            Agreement.

 

    	7 

     

    

 

		(vi)	Disclosure.
                                                                                                                                                                                                                                      All information relating to or concerning the Company or any of its Subsidiaries set forth in this Agreement and provided to the
                                                                                                                                                                                                                                      Buyers pursuant in connection with the transactions contemplated hereby is true and correct in all material respects and the Company
                                                                                                                                                                                                                                      has not omitted to state any material fact necessary in order to make the statements made herein or therein, in light of the
                                                                                                                                                                                                                                      circumstances under which they were made, not misleading. No event or circumstance has occurred or exists with respect to the
                                                                                                                                                                                                                                      Company or any of its Subsidiaries or its or their business, properties, prospects, operations or financial conditions, which, under
                                                                                                                                                                                                                                      applicable law, rule or regulation, requires public disclosure or announcement by the Company but which has not been so publicly
                                                                                                                                                                                                                                      announced or disclosed (assuming for this purpose that the Company’s reports filed under the Exchange Act are being
                                                                                                                                                                                                                                      incorporated into an effective registration statement filed by the Company under the Securities Act).

 

		(vii)	Shell
                                            Company Status. The Company is not currently an issuer identified in Rule 144(i)(1)(i)
                                            under the Securities Act, and, if it was at any time previously been such an issuer, then
                                            the Company is subject to the reporting requirements of Section 13 or 15(d) of the Exchange
                                            Act, has filed all reports and other materials required to be filed by Section 13 or 15(d)
                                            of the Exchange Act, as applicable during the preceding 12 months, and, as of a date at least
                                            one year prior to the Execution Date, has filed current “Form 10 information”
                                            with the SEC (as defined in Rule 144(i)(3) of the Securities Act) reflecting its status as
                                            an entity that is no longer an issuer described in Rule 144(i)(1)(i) of the Securities Act.

 

		(viii)	No
                                            Disqualification Events. With respect to Securities to be offered and sold hereunder
                                            in reliance on Rule 506 under the Securities Act (“Regulation D Securities”),
                                            none of the Company, any of its predecessors, any affiliated issuer, any director, executive
                                            officer, other officer of the Company participating in the offering hereunder, any beneficial
                                            owner of 20% or more of the Company’s outstanding voting equity securities, calculated
                                            on the basis of voting power, nor any promoter (as that term is defined in Rule 405 under
                                            the Securities Act) connected with the Company in any capacity at the time of sale (each,
                                            an “Issuer Covered Person” and, together, “Issuer Covered Persons”)
                                            is subject to any of the “bad actor” disqualifying events described in Rule 506(d)(1)(i)(viii)
                                            under the Securities Act (each, a “Disqualification Event”), except for
                                            a Disqualification Event covered by Rule 506(d)(2) or (d)(3). The Company has exercised reasonable
                                            care to determine whether any Issuer Covered Person is subject to a Disqualification Event.
                                            The Company has complied, to the extent applicable, with its disclosure obligations under
                                            Rule 506(e), and has furnished to the Buyers a copy of any disclosures provided thereunder.

 

		(ix)	Other
                                            Covered Persons. The Company is not aware of any Person (other than any Issuer Covered
                                            Person) that has been or will be paid (directly or indirectly) remuneration for solicitation
                                            of buyers or potential purchasers in connection with the sale of any Regulation D Securities.

 

    	8 

     

    

 

		(x)	No
                                            General Solicitation; Placement Agent. Neither the Company, nor any of its Subsidiaries
                                            or Affiliates, nor any Person acting on its or their behalf, has engaged in any form of general
                                            solicitation or general advertising (within the meaning of Regulation D) in connection with
                                            the offer or sale of the Securities. Neither the Company nor any of its Subsidiaries has
                                            engaged any placement agent in connection with the sale of the Securities. In the event that
                                            a broker-dealer or other agent or advisory is engaged by the Company subsequent to the initial
                                            Closing, the Company shall be responsible for the payment of any placement agent’s
                                            fees, financial advisory fees, or brokers’ commissions (other than for persons engaged
                                            by any Buyer or their respective investment advisor) relating to or arising out of the transactions
                                            contemplated hereby in connection with the sale of the Securities. The Company shall pay,
                                            and hold each Buyer harmless against, any liability, loss or expense (including, without
                                            limitation, attorney’s fees and out-of-pocket expenses) arising in connection with
                                            any such claim.

 

		(xi)	Investment
                                            Company Status. The Company is not, and upon consummation of the sale of the Securities
                                            will not be, an “investment company,” a company controlled by an “investment
                                            company” or an “affiliated person” of, or “promoter” or “principal
                                            underwriter” for, an “investment company” as such terms are defined in
                                            the Investment Company Act of 1940, as amended.

 

		(xii)	Transfer
                                            Taxes. On the Closing Date, all stock transfer or other taxes (other than income or similar
                                            taxes) which are required to be paid in connection with the sale and transfer of the Securities
                                            to be sold to each Buyer hereunder will be, or will have been, fully paid or provided for
                                            by the Company, and all laws imposing such taxes will be or will have been complied with.

 

		(xiii)	Compliance
                                            with Rule 15c2-11. On the Closing Date, and at all times that any of the Securities remain
                                            outstanding, the Company shall maintain as publicly available all information required by
                                            paragraph (b) of Rule 15c2-11 of the Exchange Act (as effective on September 26, 2021), as
                                            amended, such that brokers or dealers attempting to publish any quotation for the Common
                                            Stock or, directly or indirectly, to submit any such quotation for publication, shall be
                                            able to comply with Rule 15c2-11(a).

 

		(c)	Operations
                                            Related:

 

		(i)	Absence
                                            of Certain Changes. No event has occurred that would have a Material Adverse Effect on
                                            the Company or any Subsidiary that has not been disclosed in the SEC Documents, OTC Filings
                                            and Disclosures. Without limiting the generality of the foregoing, except as disclosed in
                                            the SEC Documents, OTC Filings and Disclosures, neither the Company nor any of its Subsidiaries
                                            has taken any of the actions set forth on Schedule 3(c)(i).

 

		(ii)	Absence
                                            of Litigation. Except as disclosed in the SEC Documents, there are no actions, suits,
                                            investigations, inquiries or proceedings pending or, to the Knowledge of the Company, threatened
                                            against or affecting the Company, any Subsidiary or any of their respective properties, nor
                                            has the Company received any written or oral notice of any such action, suit, proceeding,
                                            inquiry or investigation, which would have a Material Adverse Effect or would require disclosure
                                            under the Securities Act or the Exchange Act. No judgment, order, writ, injunction or decree
                                            or award has been issued by or, to the Knowledge of the Company, requested of any court,
                                            arbitrator or governmental agency which would have a Material Adverse Effect. Except as disclosed
                                            in the SEC Documents, OTC Filings and Disclosures or as set forth on Schedule 3(c)(ii)
                                            there has not been, and to the Knowledge of the Company, there is not pending or contemplated,
                                            any investigation by the SEC involving the Company, any Subsidiary or any current or former
                                            director or officer of the Company or any Subsidiary.

 

    	9 

     

    

 

		(iii)	Patents,
                                            Copyrights, etc. The Company and the Subsidiaries own or possess adequate rights
                                            or licenses to use all material trademarks, trade names, service marks, service mark registrations,
                                            service names, patents, patent rights, copyrights, inventions, licenses, approvals, governmental
                                            authorizations, trade secrets and rights necessary to conduct their respective businesses
                                            as now conducted (“Intellectual Property”). None of the Company’s
                                            nor any Subsidiary’s Intellectual Property rights have expired or terminated, or, by
                                            the terms and conditions thereof, could expire or terminate within two years from the Execution
                                            Date. The Company does not have any Knowledge of any infringement by the Company and/or any
                                            Subsidiary of any material trademark, trade name rights, patents, patent rights, copyrights,
                                            inventions, licenses, service names, service marks, service mark registrations, trade secret
                                            or other similar rights of others, or of any such development of similar or identical trade
                                            secrets or technical information by others, and there is no claim, action or proceeding being
                                            made or brought against, or to the Company’s Knowledge, being threatened against, the
                                            Company and/or any Subsidiary regarding trademark, trade name, patents, patent rights, invention,
                                            copyright, license, service names, service marks, service mark registrations, trade secret
                                            or other infringement, which could reasonably be expected to have a Material Adverse Effect.

 

		(iv)	Tax
                                            Status. The Company and each of its Subsidiaries has made or filed all federal and material
                                            state and foreign income and all other material tax returns, reports and declarations required
                                            by any jurisdiction to which it is subject (unless and only to the extent that the Company
                                            and each of its Subsidiaries has set aside on its books provisions reasonably adequate for
                                            the payment of all unpaid and unreported taxes) and has paid all taxes and other governmental
                                            assessments and charges that are material in amount, shown or determined to be due on such
                                            returns, reports and declarations, except those being contested in good faith and has set
                                            aside on its books provisions reasonably adequate for the payment of all taxes for periods
                                            subsequent to the periods to which such returns, reports or declarations apply. There are
                                            no unpaid taxes in any material amount claimed to be due by the taxing authority of any jurisdiction,
                                            and the officers of the Company know of no basis for any such claim. The Company has not
                                            executed a waiver with respect to the statute of limitations relating to the assessment or
                                            collection of any foreign, federal, state or local tax. None of the Company’s tax returns
                                            is presently being audited by any taxing authority.

 

    	10 

     

    

 

		(v)	Certain
                                            Transactions. Except as set forth in the SEC Documents, OTC Filings and Disclosures,
                                            none of the officers or directors of the Company or any Subsidiary, and to the Knowledge
                                            of the Company, none of the employees of the Company or any Subsidiary is presently a party
                                            to any transaction with the Company or any Subsidiary (other than for services as employees,
                                            officers and directors), including any contract, agreement or other arrangement providing
                                            for the furnishing of services to or by, providing for rental of real or personal property
                                            to or from, or otherwise requiring payments to or from any officer, director or such employee
                                            or, to the Knowledge of the Company, any entity in which any officer, director, or any such
                                            employee has a substantial interest or is an officer, director, trustee or partner, in each
                                            case in excess of the lesser of (i) $120,000 or (ii) one percent of the average of the Company’s
                                            total assets at year end for the last two completed fiscal years, other than for (i) payment
                                            of salary or consulting fees for services rendered, (ii) reimbursement for expenses incurred
                                            on behalf of the Company or any Subsidiary and (iii) other employee benefits, including stock
                                            option agreements under any stock option plan of the Company.

 

		(vi)	Permits;
                                            Compliance. The Company and each of its Subsidiaries is in possession of all franchises,
                                            grants, authorizations, licenses, permits, easements, variances, exemptions, consents, certificates,
                                            approvals and orders necessary to own, lease and operate its properties and to carry on its
                                            business as it is now being conducted (collectively, the “Company Permits”),
                                            and there is no action pending or, to the Knowledge of the Company, threatened regarding
                                            suspension or cancellation of any of the Company Permits. Neither the Company nor any of
                                            its Subsidiaries is in conflict with, or in default or violation of, any of the Company Permits,
                                            except for any such conflicts, defaults or violations which, individually or in the aggregate,
                                            would not reasonably be expected to have a Material Adverse Effect. Neither the Company nor
                                            any of its Subsidiaries has received any notification with respect to possible conflicts,
                                            defaults or violations of applicable laws, except for notices relating to possible conflicts,
                                            defaults or violations, which conflicts, defaults or violations would not have a Material
                                            Adverse Effect.

 

		(vii)	Environmental
                                            Matters. The Company is in compliance with all applicable Environmental Laws in all respects
                                            except where the failure to comply does not have and could not reasonably be expected to
                                            have a Material Adverse Effect. For purposes of the foregoing: “Environmental Laws”
                                            means, collectively, the Comprehensive Environmental Response, Compensation and Liability
                                            Act of 1980, as amended, the Superfund Amendments and Reauthorization Act of 1986, the Resource
                                            Conservation and Recovery Act, the Toxic Substances Control Act, as amended, the Clean Air
                                            Act, as amended, the Clean Water Act, as amended, any other “Superfund” or “Superlien”
                                            law or any other applicable federal, state or local statute, law, ordinance, code, rule,
                                            regulation, order or decree regulating, relating to, or imposing liability or standards of
                                            conduct concerning, the environment or any Hazardous Material.

 

		(viii)	Title
                                            to Property. Except as disclosed in the SEC Documents, OTC Filings and Disclosures, the
                                            Company and each Subsidiary has good and marketable title in fee simple to all real property
                                            owned by it and good and marketable title in all personal property owned by it that is material
                                            to the business of the Company and each Subsidiary, in each case free and clear of all Liens
                                            and, except for Liens as do not materially affect the value of such property and do not materially
                                            interfere with the use made and proposed to be made of such property by the Company or any
                                            Subsidiary and Liens for the payment of federal, state or other taxes, the payment of which
                                            is neither delinquent nor subject to penalties. Any real property and facilities held under
                                            lease by the Company or any Subsidiary is held under valid, subsisting and enforceable leases
                                            with which the Company is in compliance with such exceptions as are not material and do not
                                            interfere with the use made and proposed to be made of such property and buildings by the
                                            Company or any Subsidiary.

 

    	11 

     

    

 

		(ix)	Internal
                                            Accounting Controls. Except as disclosed in the SEC Documents the Company and each of
                                            its Subsidiaries maintain a system of internal accounting controls sufficient, in the judgment
                                            of the Company’s board of directors, to provide reasonable assurance that (i) transactions
                                            are executed in accordance with management’s general or specific authorizations, (ii)
                                            transactions are recorded as necessary to permit preparation of financial statements in conformity
                                            with generally accepted accounting principles and to maintain asset accountability, (iii)
                                            access to assets is permitted only in accordance with management’s general or specific
                                            authorization and (iv) the recorded accountability for assets is compared with the existing
                                            assets at reasonable intervals and appropriate action is taken with respect to any differences.
                                            The Company is in compliance with all provisions of the Sarbanes-Oxley Act of 2002, as amended,
                                            which are applicable to it.

 

		(x)	Foreign
                                            Corrupt Practices. Neither the Company, nor any of its Subsidiaries, nor any director,
                                            officer, agent, employee or other person acting on behalf of the Company or any Subsidiary
                                            has, in the course of his actions for, or on behalf of, the Company, used any corporate funds
                                            for any unlawful contribution, gift, entertainment or other unlawful expenses relating to
                                            political activity; made any direct or indirect unlawful payment to any foreign or domestic
                                            government official or employee from corporate funds; violated or is in violation of any
                                            provision of the U.S. Foreign Corrupt Practices Act of 1977, as amended, or made any bribe,
                                            rebate, payoff, influence payment, kickback or other unlawful payment to any foreign or domestic
                                            government official or employee.

 

		(xi)	Solvency.
                                            The Company (after giving effect to the transactions contemplated by this Agreement) is solvent
                                            (i.e., its assets have a fair market value in excess of the amount required to pay its probable
                                            liabilities on its existing debts as they become absolute and matured) and currently the
                                            Company has no information that would lead it to reasonably conclude that the Company would
                                            not, after giving effect to the transaction contemplated by this Agreement, have the ability
                                            to, nor does it intend to take any action that would impair its ability to, pay its debts
                                            from time to time incurred in connection therewith as such debts mature. Except as disclosed
                                            in the SEC Documents, OTC Filings and Disclosures or on Schedule 3(c)(xi), the Company
                                            did not receive a qualified opinion from its auditors with respect to its most recent fiscal
                                            year end and, after giving effect to the transactions contemplated by this Agreement, does
                                            not anticipate or know of any basis upon which its auditors might issue a qualified opinion
                                            in respect of its current fiscal year. For the avoidance of doubt any qualification of the
                                            auditors’ opinion relating to the Company’s ability to continue as a “going
                                            concern” shall not, by itself, be a violation of this Section 3(c)(xi).

 

    	12 

     

    

 

		(xii)	Insurance.
                                            The Company and each Subsidiary is insured by insurers of recognized financial responsibility
                                            against such losses and risks and in such amounts as management of the Company believes to
                                            be prudent and customary in the businesses in which the Company and each Subsidiary is engaged.
                                            Neither the Company, nor any Subsidiary has been refused any insurance coverage sought or
                                            applied for, and the Company has no reason to believe that it or any Subsidiary will not
                                            be able to renew its existing insurance coverage as and when such coverage expires or to
                                            obtain similar coverage from similar insurers as may be necessary to continue its business
                                            at a cost that would not materially and adversely affect the condition, financial or otherwise,
                                            or the earnings, business or operations of the Company, taken as a whole.

 

		(xiii)	No
                                            Undisclosed Events, Liabilities, Developments or Circumstances. Except as set forth in
                                            the SEC Documents, OTC Filings and Disclosures, the Company and its Subsidiaries have no
                                            liabilities or obligations of any nature (whether accrued, absolute, contingent, unasserted
                                            or otherwise and whether due or to become due) other than those liabilities or obligations
                                            that are disclosed in the Financial Statements or which do not exceed, individually in excess
                                            of $50,000 and in the aggregate in excess of $200,000. The reserves, if any, established
                                            by the Company or the lack of reserves, if applicable, are reasonable based upon facts and
                                            circumstances known by the Company on the Execution Date and there are no loss contingencies
                                            that are required to be accrued by the Statement of Financial Accounting Standard No. 5 of
                                            the Financial Accounting Standards Board which are not provided for in the Financial Statements.

 

		(xiv)	Management.
                                            During the past five year period, no current or former officer or director or, to the Knowledge
                                            of the Company, stockholder of the Company or any of its Subsidiaries has been the subject
                                            of any matter that would require disclosure under Paragraph (f) of Rule 401 of Regulation
                                            S-K that has not been publicly disclosed.

 

    	13 

     

    

 

		(xv)	Assets;
                                            Title. Except as disclosed on Schedule 3(c)(xv), each of the Company and its Subsidiaries
                                            has good and valid title to, or a valid leasehold interest in, as applicable, all of its
                                            properties and assets, free and clear of all Liens except (i) any Lien for taxes not yet
                                            due or delinquent or being contested in good faith by appropriate proceedings for which adequate
                                            reserves have been established in accordance with GAAP, (ii) any statutory Lien arising in
                                            the ordinary course of business by operation of law with respect to a liability that is not
                                            yet due or delinquent, (iii) any Lien created by operation of law, such as materialmen’s
                                            liens, mechanics’ liens and other similar liens, arising in the ordinary course of
                                            business with respect to a liability that is not yet due or delinquent or that are being
                                            contested in good faith by appropriate proceedings, and (iv) such as have been disposed of
                                            in the ordinary course of business. To the Company’s Knowledge, all tangible personal
                                            property owned by the Company and its Subsidiaries has been maintained in good operating
                                            condition and repair, except (x) for ordinary wear and tear, and (y) where such failure would
                                            not have a Material Adverse Effect. To the Company’s Knowledge, all assets leased by
                                            the Company or any of its Subsidiaries are in the condition required by the terms of the
                                            lease applicable thereto during the term of such lease and upon the expiration thereof. To
                                            the Company’s Knowledge, the Company and its Subsidiaries have good and marketable
                                            title in fee simple to all real property and good and marketable title to all personal property
                                            owned by them which is material to the business of the Company and its Subsidiaries, in each
                                            case free and clear of all liens, encumbrances and defects. Any real property and facilities
                                            held under lease by the Company or any of its Subsidiaries are held by them under valid,
                                            subsisting and enforceable leases with such exceptions as are not material and do not interfere
                                            with the use made and proposed to be made of such property and buildings by the Company and
                                            its Subsidiaries.

 

		(xvi)	Subsidiary
                                            Rights. The Company or one of its Subsidiaries has the unrestricted right to vote, and
                                            to receive dividends and distributions on, all equity securities of its Subsidiaries as owned
                                            by the Company or such Subsidiary.

 

		(xvii)	Books
                                            and Records. To the Company’s Knowledge, the books of account, ledgers, order books,
                                            records and documents of the Company and its Subsidiaries accurately and completely reflect
                                            all information relating to the respective businesses of the Company and its Subsidiaries,
                                            the nature, acquisition, maintenance, location and collection of each of their respective
                                            assets, and the nature of all transactions giving rise to material obligations or accounts
                                            receivable of the Company or its Subsidiaries, as the case may be, except where the failure
                                            to so reflect such information would not have a Material Adverse Effect. To the Company’s
                                            Knowledge, the minute books of the Company and its Subsidiaries contain accurate records
                                            in all material respects of all meetings and accurately reflect all other actions taken by
                                            the stockholders, boards of directors and all committees of the boards of directors, and
                                            other governing Persons of the Company and its Subsidiaries, respectively.

 

		(xviii)	Money
                                            Laundering. The Company and its Subsidiaries are in compliance with, and have not previously
                                            violated, the USA PATRIOT ACT of 2001 and all other applicable U.S. and non-U.S. anti-money
                                            laundering laws and regulations, including, but not limited to, the laws, regulations and
                                            Executive Orders and sanctions programs administered by the U.S. Office of Foreign Assets
                                            Control, including, but not limited, to (i) Executive Order 13224 of September 23, 2001 entitled,
                                            “Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to
                                            Commit, or Support Terrorism” (66 Fed. Reg. 49079 (2001)); and (ii) any regulations
                                            contained in 31 CFR, Subtitle B, Chapter V.

 

    	14 

     

    

 

		(d)	General

 

		(i)	Acknowledgment
                                            of Dilution. The Company understands and acknowledges the potentially dilutive effect
                                            to the Common Stock upon the issuance of the Conversion Shares upon conversion of the Notes.
                                            The Company further acknowledges that its obligation to issue Conversion Shares upon conversion
                                            of the Notes is absolute and unconditional regardless of the dilutive effect that such issuances
                                            may have on the ownership interests of other stockholders of the Company. The Company understands
                                            and acknowledges the potentially dilutive effect to the Common Stock upon the issuance of
                                            the Warrant Shares upon exercise of the Warrants. The Company further acknowledges that its
                                            obligation to issue Warrant Shares upon exercise of the Warrants is absolute and unconditional
                                            regardless of the dilutive effect that such issuances may have on the ownership interests
                                            of other stockholders of the Company. The Company understands and acknowledges the potentially
                                            dilutive effect to the Common Stock upon the issuance of the Commitment Shares upon execution
                                            of this Agreement. The Company further acknowledges that its obligation to issue Commitment
                                            Shares upon execution of this Agreement is absolute and unconditional regardless of the dilutive
                                            effect that such issuance may have on the ownership interests of other stockholders of the
                                            Company.

 

		(ii)	Breach
                                            of Representations and Warranties by the Company. If the Company breaches any of the
                                            representations or warranties set forth in this Section 3, and in addition to any
                                            other remedies available to each Buyer pursuant to this Agreement, it will be considered
                                            an Event of Default under each Note.

 

		(iii)	Absence
                                            of Schedules. In the event that at the Closing Date, the Company does not deliver and
                                            attach hereto any disclosure schedule contemplated by this Agreement, the Company hereby
                                            acknowledges and agrees that (i) each such undelivered disclosure schedule shall be deemed
                                            to read as follows: “Nothing to Disclose”, and (ii) each Buyer has not otherwise
                                            waived delivery of such disclosure schedule.

 

	4.	GENERAL
                                            COVENANTS.

 

		(a)	Best
                                            Efforts. The parties shall use their commercially reasonable best efforts to satisfy
                                            timely each of the conditions described in Section 7 and 8 of this Agreement.

 

		(b)	Use
                                            of Proceeds. The Company shall use the proceeds from the sale of the Notes first as set
                                            forth on Schedule 4(b), and thereafter for other general corporate purposes and shall
                                            not, directly or indirectly, use such proceeds for any loan to or investment in any other
                                            corporation, partnership, enterprise or other person.

 

		(c)	Financial
                                            Information. The Company agrees to send or make available the following reports to each
                                            Buyer until such Buyer transfers, assigns, or sells all of the Securities: (i) within ten
                                            (10) days after the filing with the SEC, a copy of its Annual Report on Form 10-K, its Quarterly
                                            Reports on Form 10-Q and any Current Reports on Form 8-K; (ii) within five (5) days after
                                            upload or filing, any filings made in the SEC Documents, OTC Filings and Disclosures; (iii)
                                            within one (1) day after release, copies of all press releases issued by the Company or any
                                            of its Subsidiaries relating to the transactions contemplated hereby; and (iv) contemporaneously
                                            with the making available or giving to the stockholders of the Company, copies of any notices
                                            or other information the Company makes available or gives to such stockholders. For the avoidance
                                            of doubt, filing the documents required in (i) above via EDGAR or releasing any documents
                                            set forth in (ii) above via a recognized wire service shall satisfy the delivery requirements
                                            of this Section 4(c).

 

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		(d)	Listing.
                                            The Company shall work in good faith to secure the listing of the Conversion Shares, the
                                            Commitment Shares, and the Warrant Shares upon each national securities exchange or automated
                                            quotation system, if any, upon which shares of Common Stock are then listed (subject to official
                                            notice of issuance) and, so long as any Buyer owns any of the Securities, shall maintain,
                                            so long as any other shares of Common Stock shall be so listed, such listing of all Conversion
                                            Shares, Commitment Shares, and all Warrant Shares from time to time issuable upon exercise
                                            of the Notes and the Warrants, respectively. The Company will obtain and, so long as any
                                            Buyer owns any of the Securities, maintain the listing and trading of its Common Stock on
                                            the Trading Market and will comply in all respects with the Company’s reporting, filing
                                            and other obligations under the bylaws or rules of the Financial Industry Regulatory Authority
                                            (“FINRA”) and such exchanges, as applicable.

 

		(e)	Corporate
                                            Existence. So long as any Buyer beneficially owns any of the Securities, the Company
                                            shall maintain its corporate existence and shall not sell all or substantially all of the
                                            Company’s assets, except in the event of a merger or consolidation or sale of all or
                                            substantially all of the Company’s assets, where the surviving or successor entity
                                            in such transaction (i) assumes the Company’s obligations hereunder and under the agreements
                                            and instruments entered into in connection herewith and (ii) is a publicly traded corporation
                                            whose Common Stock is listed or quoted for trading on the Trading Market.

 

		(f)	No
                                            Integration. The Company shall not make any offers or sales of any security (other than
                                            the Securities) under circumstances that would require registration of the Securities being
                                            offered or sold hereunder under the Securities Act or cause the offering of the Securities
                                            to be integrated with any other offering of securities by the Company for the purpose of
                                            any stockholder approval provision applicable to the Company or its securities.

 

		(g)	Failure
                                            to Comply with the Exchange Act. So long as any Buyer beneficially owns any of the Securities,
                                            the Company shall comply with the reporting requirements of the Exchange Act; and the Company
                                            be subject to the periodic reporting and other reporting requirements of the Exchange Act.

 

		(h)	Breach
                                            of Covenants. If the Company breaches any of the covenants set forth in this Section
                                            4, then in addition to any other remedies available to the Buyers pursuant to this Agreement,
                                            each such breach will be considered an “Event of Default” under the Notes.

 

    	16 

     

    

 

		(i)	Reservation
                                            of Shares. The Company covenants that after the 90th day following the Execution
                                            Date and thereafter while the Notes and/or Warrants remain outstanding, the Company will
                                            reserve from its authorized and unissued Common Stock, three times (300%) of the number of
                                            shares of Common Stock, free from pre-emptive rights, that would be issuable upon full, unconditioned
                                            conversion of the Notes and exercise of the Warrants calculated on the basis of the conversion
                                            price and exercise price, respectively, in effect as the Closing Date, which such reserved
                                            amounts shall be increased by the Company from time to time in accordance with its obligations
                                            under such Securities, and prior to such 90th day, 100,000,000 shares reserved
                                            for each Buyer. In addition to all other rights in this Agreement and the Notes, in the event
                                            that on any date (the “Reserve Depletion Date”) the Company does not have
                                            available enough authorized shares of Common Stock to satisfy any conversion request regarding
                                            the Note, or exercise of the Warrant, the Company shall repay all outstanding amounts owed
                                            under the Note in full within sixty (60) days of the Reserve Depletion Date.

 

		(j)	Indemnification.
                                            Each party hereto (an “Indemnifying Party”) agrees to indemnify and hold
                                            harmless the other parties along with their officers, directors, employees, and authorized
                                            agents, and each Person or entity, if any, who controls such party within the meaning of
                                            Section 15 of the Securities Act or Section 20 of the Exchange Act or the rules and regulations
                                            thereunder (an “Indemnified Party”) from and against any Damages, joint
                                            or several, and any action in respect thereof to which the Indemnified Party becomes subject
                                            to, resulting from, arising out of or relating to any misrepresentation, breach of warranty
                                            or nonfulfillment of or failure to perform any covenant or agreement on the part of the Indemnifying
                                            Party contained in this Agreement.

 

		(k)	Certain
                                            Expenses and Fees. The Company shall pay all stamp taxes and other taxes and duties levied
                                            in connection with the delivery of the Notes to the Buyers. In addition, the Buyers shall
                                            be entitled to withhold $15,000.00 for the Buyer’s transaction expenses from the amounts
                                            delivered at Closing.

 

	5.	SPECIAL
                                            COVENANTS

 

		(a)	Piggyback
                                            Registration Rights. The Company shall include on any registration and/or offering statement
                                            filed with the SEC, including without limitation on any offering statement on Form 1-A, all
                                            Conversion Shares, all Warrant Shares, and all Commitment Shares for resale by the Buyers.
                                            In addition to all other remedies at law or in equity or otherwise under this Agreement or
                                            other Transaction Documents, failure to do so will result in liquidated damages of $20,000.00
                                            to each Buyer pursuant to this Section 5(a), being immediately due and payable to
                                            each Buyer at its election in the form of cash payment.

 

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		(b)	Variable
                                            Rate Transactions. The Company covenants and agrees that it will not, without the prior
                                            written consent of the Buyers, enter into any equity line of credit agreement with any other
                                            party or enter into any transaction resulting in, or with, any Variable Security Holders,
                                            excluding the Buyers, without the Buyers’ prior written consent, which consent may
                                            be granted or withheld in the Buyers’ sole and absolute discretion unless the proceeds
                                            of such transaction are used first and primarily to repay the Note in full; provided that
                                            such arrangements evidenced by written agreements that exist as of the Execution Date shall
                                            not be subject to the provisions of this Section 5(b). “Variable Security
                                            Holder” means any holder of any securities of the Company that (A) have or may
                                            have conversion rights of any kind, contingent, conditional or otherwise, in which the number
                                            of shares that may be issued pursuant to such conversion right varies with the market price
                                            of the Common Stock, and/or (B) are or may become convertible into Common Stock (including
                                            without limitation convertible debt, warrants or convertible preferred stock), with a conversion
                                            price that varies with the market price of the Common Stock, even if such security only becomes
                                            convertible following an event of default, the passage of time, or another trigger event
                                            or condition.

 

		(c)	Offering
                                            Participation. During the eighteen (18) months immediately following the Closing, with
                                            respect to any securities offering conducted by the Company, the Company agrees to, and hereby
                                            does, irrevocably grant to each Buyer the option to purchase up to $1,200,000.00 worth of
                                            the securities offered by the Company in the offering at the applicable prices thereunder.

 

		(d)	Repayment
                                            from Proceeds. While any portion of the Notes are outstanding, if the Company receives
                                            cash proceeds from any source or series of related or unrelated sources, including but not
                                            limited to, from payments from customers, the issuance of equity or debt, the conversion
                                            of outstanding warrants of the Company, the issuance of securities pursuant to an equity
                                            line of credit of the Company or the sale of assets, the Company shall, within one (1) business
                                            day of the Company’s receipt of such proceeds, inform the Buyers of such receipt, following
                                            which each Buyer shall have the right in its sole discretion to require the Company to immediately
                                            apply all or any portion of such proceeds to repay all or any portion of the outstanding
                                            amounts owed under the Note (in the event that both Buyers request repayment, such repayment
                                            will be dispersed pro rata among the Buyers’ Notes). In the event that such proceeds
                                            are received by the Holder (as defined in the Note) prior to the Maturity Date (as defined
                                            in the Note), the required prepayment shall be subject to all prepayment terms in the Note.

 

    	18 

     

    

 

		(e)	Right
                                            of First Refusal. During the twelve (12) months immediately following the Closing, in
                                            the event that the Company receives a Bona Fide Offer (defined below) of capital or financing
                                            from any third party consisting of any securities offering, including but not limited to
                                            any debt or equity securities, then the Company must, and irrevocably agrees to, first offer
                                            such opportunity to each Buyer to provide such capital or financing to the Company on the
                                            same or similar terms as each respective third party’s terms, and each Buyer may in
                                            its sole discretion determine whether the Buyer will provide such capital or financing. In
                                            the event that both Buyers determine to provide such capital or financing, the Buyers shall
                                            provide such capital or financing on a pro rata basis. Upon receipt of the third party offer,
                                            the Company shall promptly provide notice thereof to the Buyers (the “Offer Notice”)
                                            and provide copies of the pending transaction documents. Should the Buyers be unwilling or
                                            unable to provide such capital or financing to the Company within two (2) Trading Days from
                                            the Buyers’ receipt of the Offer Notice from the Company, then the Company may obtain
                                            such capital or financing from the respective third party upon the exact same terms and conditions
                                            offered by the Company to the Buyers, which transaction must be completed within seven (7)
                                            Trading Days after the date of the Offer Notice. If the Company does not receive the capital
                                            or financing from the respective third party within seven (7) Trading Days after the date
                                            of the respective Offer Notice, then the Company must again offer the capital or financing
                                            opportunity to the Buyers as described above, and the process detailed above shall be repeated.
                                            A “Bona Fide Offer” is one in which the purchaser is irrevocably and contractually
                                            bound to purchase the subject securities from the Company, subject to the Buyer’s right
                                            of first refusal.

 

		(f)	Compliance
                                            with Rule 15c2-11. The Company take all actions to maintain as publicly available all
                                            information required by paragraph (b) of Rule 15c2-11 of the Exchange Act (as effective on
                                            September 26, 2021), as amended, such that brokers or dealers attempting to publish any quotation
                                            for the Common Stock or, directly or indirectly, to submit any such quotation for publication,
                                            shall be able to comply with Rule 15c2-11(a).

 

		(g)	Prohibition
                                            on Certain Transactions. Each Buyer covenants and agrees that neither it, nor any affiliate
                                            acting on its behalf or pursuant to any understanding with it will execute any “short
                                            sales” of the Common Stock as defined in Rule 200 of Regulation SHO under the Exchange
                                            Act.

 

		(h)	Security
                                            Agreement. On the Execution Date, the Company shall execute and deliver a Security Agreement
                                            to each Buyer.

 

		(i)	Registration
                                            Rights.

 

(i) Mandatory Registration. The Company shall, by the 14th day following the
Execution Date, file with the SEC an initial registration statement on Form S-1 covering the resale of the maximum number of Registrable
Securities as shall be permitted to be included thereon (in such amounts as to the specific Registrable Securities included therein as
mutually identified by the Buyers, the Company and their respective legal counsel) in accordance with applicable SEC rules, regulations
and interpretations so as to permit the resale of such Registrable Securities by the Buyer, including but not limited to under Rule 415
under the Securities Act at then prevailing market prices (and not fixed prices), as mutually determined by both the Company and the
Buyers in consultation with their respective legal counsel (the “Initial Registration Statement”). The Initial Registration
Statement shall register only the Registrable Securities. The Company shall use its best efforts to have the Initial Registration Statement
and any amendment thereto declared effective by the SEC at the earliest possible date. The Initial Registration Statement shall, in any
event, be declared effective within 60 calendar days after the Execution Date.

 

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(ii)
Rule 424 Prospectus. In addition to the Initial Registration Statement, the Company shall, as required by applicable securities
regulations, from time to time file with the SEC, pursuant to Rule 424 promulgated under the Securities Act, such prospectuses and prospectus
supplements to be used in connection with sales of the Registrable Securities under each Registration Statement. The Buyers and their
respective counsel shall have a reasonable opportunity to review and comment upon such prospectuses prior to its filing with the SEC,
and the Company shall give due consideration to all such comments. The Buyers and their respective counsel shall use their reasonable
best efforts to comment upon any prospectus within three (3) business days from the date the Buyer receives the final pre-filing version
of such prospectus.

 

(iii) Sufficient
Number of Shares Registered. In the event the number of shares available under the Initial Registration Statement is insufficient
to cover all of the Registrable Securities, the Company shall amend the Initial Registration Statement or file a new registration statement
(a “New Registration Statement”), so as to cover the resale of all of such Registrable Securities as soon as practicable,
but in any event not later than ten (10) business days after the necessity therefor arises and the Company’s financial statements
as filed with the SEC are current as would be required by such New Registration Statement, subject to any limits that may be imposed
by the SEC pursuant to Rule 415 under the Securities Act. The Company shall use its reasonable best efforts to cause such amendment and/or
New Registration Statement to become effective as soon as practicable following the filing thereof.

 

(iv) Effectiveness.
The Buyers and their respective counsel shall have a reasonable opportunity to review and comment upon any registration statement and
any amendment or supplement to such registration statement and any related prospectus regarding the Registrable Securities prior to its
filing with the SEC, and the Company shall give due consideration to all reasonable comments. The Company shall use best efforts to keep
all registration statements covering Registrable Securities effective, including but not limited to pursuant to Rule 415 promulgated
under the Securities Act and available for use by the Buyers for the resale of all of the Registrable Securities covered thereby at all
times until the earlier of (i) the date as of which the Buyers may sell all of the Registrable Securities without restriction pursuant
to Rule 144 promulgated under the Securities Act without any restrictions (including any restrictions under Rule 144(c) or Rule 144(i))
and (ii) the date on which the Buyers shall have sold all the Registrable Securities. Each registration statement (including any amendments
or supplements thereto and prospectuses contained therein) filed by the Company shall not contain any untrue statement of a material
fact or omit to state a material fact required to be stated therein, or necessary to make the statements therein, in light of the circumstances
in which they were made, not misleading. The Company shall take all actions necessary prior to the filing of the Initial Registration
Statement to cause itself to be fully reporting and “current” for purposes of being a public company subject to Section 13
or 15(d) of the Exchange Act of 1934, which requires the company to file periodic reports with the SEC.

 

(v) Offering.
If the staff of the SEC (the “Staff”) or the SEC seeks to characterize any offering pursuant to a registration statement
filed pursuant to this Agreement as constituting an offering of securities that does not permit such registration statement to become
or remain effective and be used for resales by the Buyer under Rule 415 at then-prevailing market prices (and not fixed prices) by comment
letter or otherwise, or if after the filing of the Initial Registration Statement with the SEC, the Company is otherwise required by
the Staff or the SEC to reduce the number of Registrable Securities included in such Initial Registration Statement, then the Company
shall reduce the number of Registrable Securities to be included in such Initial Registration Statement (in such amounts of specific
Registrable Securities as the Buyers, the Company and their respective legal counsel shall mutually agree to be removed therefrom) until
such time as the Staff and the SEC shall so permit such registration statement to become effective and be used as aforesaid. In the event
of any reduction in Registrable Securities pursuant to this paragraph, the Company shall file one or more New Registration Statements
in accordance with subsection 5(k)(iii) above until such time as all Registrable Securities have been included in Registration Statements
that have been declared effective and the prospectus contained therein is available for use by the Buyers. Notwithstanding any provision
herein to the contrary, the Company’s obligations to register Registrable Securities shall be qualified as necessary to comport
with any requirement of the SEC or the Staff as addressed in this Section 5(k)(v).

 

    	20 

     

    

 

		(j)	Breach
                                            of Covenants. If the Company breaches any of the covenants set forth in this Section
                                            5, then in addition to any other remedies available to the Buyers pursuant to this Agreement,
                                            each such breach will be considered an “Event of Default” under the Note.

 

	6.	Transfer
                                            Agent Instructions.
                                            Prior to registration of the Conversion Shares and the Warrant Shares under the Securities
                                            Act or the date on which the Conversion Shares or the Warrant Shares may be sold pursuant
                                            to Rule 144 without any restriction as to the number of Securities as of a particular date
                                            that can then be immediately sold, all such certificates shall bear the restrictive legend
                                            specified in the Notes or Warrants as applicable. The Company warrants that: (i) no stop
                                            transfer instructions will be given by the Company to its Transfer Agent and that the Securities
                                            shall otherwise be freely transferable on the books and records of the Company as and to
                                            the extent provided in this Agreement and the Note; (ii) it will not direct its Transfer
                                            Agent not to transfer or delay, impair, and/or hinder its Transfer Agent in transferring
                                            (or issuing) (electronically or in certificated form) any certificate for Conversion Shares
                                            or Warrant Shares to be issued to the Buyers upon conversion/exercise of or otherwise pursuant
                                            to the Notes or the Warrants, respectively, as and when required by the Notes, the Warrants
                                            or this Agreement; and (iii) it will not fail to remove (or direct its Transfer Agent not
                                            to remove or impairs, delays, and/or hinders its Transfer Agent from removing) any restrictive
                                            legend (or to withdraw any stop transfer instructions in respect thereof) on any certificate
                                            for any Conversion Shares or any Warrant Shares as contemplated by the terms of this Agreement,
                                            the Notes and the Warrants, as applicable. Nothing in this Section shall affect in any way
                                            the Buyers’ obligations and agreement to comply with all applicable prospectus delivery
                                            requirements, if any, upon re-sale of the Securities. If a Buyer provides the Company (which
                                            shall be at the cost of the Company), with (i) an opinion of counsel in form, substance and
                                            scope customary for opinions in comparable transactions, to the effect that a public sale
                                            or transfer of any Securities may be made without registration under the Securities Act and
                                            such sale or transfer is effected or (ii) the Buyer provides reasonable assurances that the
                                            Securities can be sold pursuant to Rule 144, the Company shall permit the transfer, and,
                                            in the case of the Conversion Shares, the Commitment Shares, and the Warrant Shares, promptly
                                            instruct its Transfer Agent to issue one or more certificates, free from restrictive legend,
                                            in such name and in such denominations as specified by the Buyer or, in the sole discretion
                                            of the Buyer, the Company shall take all action necessary to ensure that such Common Stock
                                            is transferred electronically as DWAC (as defined in the Note) shares. The Company acknowledges
                                            that a breach by it of its obligations hereunder will cause irreparable harm to the Buyers,
                                            by vitiating the intent and purpose of the transactions contemplated hereby. Accordingly,
                                            the Company acknowledges that the remedy at law for a breach of its obligations under this
                                            Section may be inadequate and agrees, in the event of a breach or threatened breach by the
                                            Company of the provisions of this Section, that the Buyers shall be entitled, in addition
                                            to all other available remedies, to an injunction restraining any breach and requiring immediate
                                            transfer, without the necessity of showing economic loss and without any bond or other security
                                            being required.

 

    	21 

     

    

 

	7.	CONDITIONS
                                            PRECEDENT TO THE COMPANY’S OBLIGATIONS TO SELL. The obligation of the Company hereunder
                                            to issue and sell any Note, Warrant, and Commitment Shares to the Buyers at the Closing is
                                            subject to the satisfaction, at or before the Closing Date of each of the following conditions
                                            thereto, provided that these conditions are for the Company’s sole benefit and may
                                            be waived by the Company at any time in its sole discretion:

 

		(a)	Each
                                            Buyer shall have executed this Agreement and delivered the same to the Company.

 

		(b)	The
                                            Buyers shall have delivered the Company Funding Amount in accordance with Section 1
                                            above.

 

		(c)	The
                                            representations and warranties of the Buyers shall be true and correct in all material respects
                                            as of the date when made and as of the Closing Date as though made at that time (except for
                                            representations and warranties that speak as of a specific date), and the Buyers shall have
                                            performed, satisfied and complied in all material respects with the covenants, agreements
                                            and conditions required by this Agreement to be performed, satisfied or complied with by
                                            the Buyers at or prior to the Closing Date.

 

		(d)	No
                                            litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall
                                            have been enacted, entered, promulgated or endorsed by or in any court or governmental authority
                                            of competent jurisdiction or any self-regulatory organization having authority over the matters
                                            contemplated hereby which prohibits the consummation of any of the transactions contemplated
                                            by this Agreement.

 

	8.	CONDITIONS
                                            PRECEDENT TO EACH BUYER’S OBLIGATION TO PURCHASE. The obligation of each Buyer
                                            hereunder to purchase any Note and fund such Note at the Closing is subject to the satisfaction,
                                            at or before the Closing Date of each of the following conditions, provided that these conditions
                                            are for each Buyer’s sole benefit and may be waived by each Buyer at any time in its
                                            sole discretion:

 

		(a)	The
                                            Company shall have executed this Agreement and delivered the same to each Buyer on the Closing
                                            Date.

 

		(b)	The
                                            Company shall have delivered to each Buyer a duly executed Note and the Commitment Shares
                                            in accordance with Section 1 above on the Closing Date.

 

		(c)	The
                                            Company shall have delivered to each Buyer its duly executed Warrant on the Closing Date.

 

		(d)	The
                                            Company shall have delivered to each Buyer a duly executed Transfer Agent Instruction Letter
                                            on the Closing Date.

 

    	22 

     

    

 

		(e)	The
                                            Company shall have delivered a copy of its Directors’ resolutions relating to the transactions
                                            contemplated hereby, the form of which is attached hereto as Exhibit D, on the Closing
                                            Date.

 

		(f)	The
                                            Company shall have delivered to each Buyer the duly executed Security Agreement in the form
                                            attached hereto as Exhibit E.

 

		(g)	No
                                            litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall
                                            have been enacted, entered, promulgated or endorsed by or in any court or governmental authority
                                            of competent jurisdiction or any self-regulatory organization having authority over the matters
                                            contemplated hereby which prohibits the consummation of any of the transactions contemplated
                                            by this Agreement, as of the Closing Date.

 

		(h)	No
                                            event shall have occurred which could reasonably be expected to have a Material Adverse Effect
                                            on the Company including but not limited to a change in the Exchange Act reporting status
                                            of the Company or the failure of the Company to be timely in its Exchange Act reporting obligations,
                                            as of the Closing Date.

 

		(i)	The
                                            Company shall have delivered to each Buyer a copy of its certificate of good standing with
                                            the State of Wyoming dated within five (5) days of the Closing.

 

		(j)	The
                                            Company shall have delivered a legal opinion to the Buyers regarding the enforceability of
                                            the Transaction Documents in form and substance acceptable to the Buyers.

 

		(k)	The
                                            representations and warranties of the Company shall be true and correct in all material respects
                                            as of the date when made and as of the Execution Date and the Closing Date as though made
                                            at such time (except for representations and warranties that speak as of a specific date,
                                            which shall be true and correct in all material respects as of such specific date) and the
                                            Company shall have performed, satisfied and complied in all material respects with the covenants,
                                            agreements and conditions required by this Agreement to be performed, satisfied or complied
                                            with by the Company at or prior to the Closing Date. The Buyers shall have received a certificate
                                            or certificates, executed by the chief executive officer of the Company, dated as of the
                                            Closing Date, to the foregoing effect and as to such other matters as may be reasonably requested
                                            by the Buyers, in the form prescribed by the Buyers.

 

    	23 

     

    

 

	9.	GOVERNING
                                            LAW; MISCELLANEOUS.

 

		(a)	Governing
                                            Law. This Agreement shall be governed by and construed in accordance with the laws of
                                            the State of Wyoming without regard to principles of conflicts of laws. Any action brought
                                            by either party against the other concerning the transactions contemplated by this Agreement
                                            shall be brought only in the state courts of Miami, Florida, or in the federal courts located
                                            in the Southern District of Florida. The parties to this Agreement 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 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 Agreement 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.

 

		(b)	JURY
                                            TRIAL WAIVER. THE COMPANY AND THE BUYERS HEREBY WAIVE A TRIAL BY JURY IN ANY ACTION,
                                            PROCEEDING OR COUNTERCLAIM BROUGHT BY EITHER OF THE PARTIES HERETO AGAINST THE OTHER IN RESPECT
                                            OF ANY MATTER ARISING OUT OF OR IN CONNECTION WITH THE TRANSACTION DOCUMENTS.

 

		(c)	Counterparts;
                                            Signatures by Electronic Mail. This Agreement may be executed in one or more counterparts,
                                            each of which shall be deemed an original but all of which shall constitute one and the same
                                            agreement and shall become effective when counterparts have been signed by each party and
                                            delivered to the other party. This Agreement, once executed by a party, may be delivered
                                            to the other party hereto by electronic mail transmission of a copy of this Agreement bearing
                                            the signature of the party so delivering this Agreement.

 

		(d)	Headings.
                                            The headings of this Agreement are for convenience of reference only and shall not form part
                                            of, or affect the interpretation of, this Agreement.

 

		(e)	Severability.
                                            In the event that any provision of this Agreement or of any of the Transaction Documents
                                            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 provision hereof which may prove
                                            invalid or unenforceable under any law shall not affect the validity or enforceability of
                                            any other provision hereof.

 

		(f)	Entire
                                            Agreement; Amendments. This Agreement and the instruments referenced herein contain the
                                            entire understanding of the parties with respect to the matters covered herein and therein
                                            and, except as specifically set forth herein or therein, neither the Company nor the Buyers
                                            make any representation, warranty, covenant or undertaking with respect to such matters.
                                            No provision of this Agreement may be waived or amended other than by an instrument in writing
                                            signed by the Buyers.

 

    	24 

     

    

 

		(g)	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
                                            (a) personally served, (b) deposited in the mail, registered or certified, return receipt
                                            requested, postage prepaid, (c) delivered by reputable air courier service with charges prepaid,
                                            or (d) transmitted by hand delivery, or e-mail as a PDF (with read receipt), addressed as
                                            set forth below or to such other address as such party shall have specified most recently
                                            by written notice given in accordance herewith. Any notice or other communication required
                                            or permitted to be given hereunder shall be deemed effective (i) upon hand delivery or delivery
                                            by e-mail (with read receipt) at the address 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 (ii) on the second business day following the
                                            date of mailing by express courier service or on the fifth business day after deposited in
                                            the mail, in each case, fully prepaid, addressed to such address, or upon actual receipt
                                            of such mailing, whichever shall first occur.

 

If
to the Company, to:

 

DEEP
GREEN WASTE & RECYCLING, INC.

13110
NE 177th Place

Suite
293

Woodinville,
WA 98072

Attn:
Lloyd T. Spencer, CEO

E-mail:
ceo@deepgreenwaste.com

 

If
to the Buyers, to:

 

QUICK
CAPITAL, LLC

66
West Flagler Street, 900-#2292

Miami,
FL 33130

Attn:
Eilon D. Natan, Manager

E-mail:
eilon@quick-cap.com

 

BHP
CAPITAL NY INC.

45
SW 9th Street, Suite 1603

Miami,
FL 33130

Attn:
Bryan Pantofel

E-mail:
bryan@phpcap.com

 

    	25 

     

    

 

Either
party hereto may from time to time change its address or e-mail for notices under this Section 9(g) by giving at least ten (10)
days’ prior written notice of such changed address to the other party hereto.

 

		(h)	Successors
                                            and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties
                                            and their successors and assigns. The Company shall not assign this Agreement or any rights
                                            or obligations hereunder without the prior written consent of the Buyers. Neither Buyers
                                            shall assign this Agreement or any rights or obligations hereunder without the prior written
                                            consent of the Company. Notwithstanding the foregoing, subject to Section 2(e), the
                                            Buyers may assign its rights hereunder to any person that purchases Securities in a private
                                            transaction from such Buyer or to any of its “affiliates,” as that term is defined
                                            under the Exchange Act, without the consent of the Company.

 

		(i)	Third
                                            Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto
                                            and their respective permitted successors and assigns and is not for the benefit of, nor
                                            may any provision hereof be enforced by, any other person.

 

		(j)	Survival.
                                            The representations and warranties of the Company and the agreements and covenants set forth
                                            in this Agreement shall survive the Closings hereunder as well as the termination/satisfaction
                                            of the Note for the longest period allowable under applicable law. The Company agrees to
                                            indemnify and hold harmless the Buyers and all their respective officers, directors, employees
                                            and agents for loss or damage arising as a result of or related to any breach by the Company
                                            of any of its representations, warranties and covenants set forth in this Agreement or any
                                            of its covenants and obligations under this Agreement, including advancement of expenses
                                            as they are incurred.

 

		(k)	Further
                                            Assurances. Each party shall do and perform, or cause to be done and performed, all such
                                            further acts and things, and shall execute and deliver all such other agreements, certificates,
                                            instruments and documents, as the other party may reasonably request in order to carry out
                                            the intent and accomplish the purposes of this Agreement and the consummation of the transactions
                                            contemplated hereby.

 

		(l)	No
                                            Strict Construction. The language used in this Agreement will be deemed to be the language
                                            chosen by the parties to express their mutual intent, and no rules of strict construction
                                            will be applied against any party.

 

		(m)	Remedies.

 

		(i)	The
                                            Company acknowledges that a breach by it of its obligations hereunder will cause irreparable
                                            harm to the Buyers by vitiating the intent and purpose of the transaction contemplated hereby.
                                            Accordingly, the Company acknowledges that the remedy at law for a breach of its obligations
                                            under this Agreement will be inadequate and agrees, in the event of a breach or threatened
                                            breach by the Company of the provisions of this Agreement, that the Buyers shall be entitled,
                                            in addition to all other available remedies at law or in equity, and in addition to the penalties
                                            assessable herein, to an injunction or injunctions restraining, preventing or curing any
                                            breach of this Agreement and to enforce specifically the terms and provisions hereof, without
                                            the necessity of showing economic loss and without any bond or other security being required.

 

    	26 

     

    

 

		(ii)	In
                                            addition to any other remedy provided herein or in any document executed in connection herewith,
                                            the Company shall pay the Buyers for all costs, fees and expenses in connection with any
                                            arbitration, litigation, contest, dispute, suit or any other action to enforce any rights
                                            of the Buyers against the Company in connection herewith, including, but not limited to,
                                            costs and expenses and attorneys’ fees, and costs and time charges of counsel to the
                                            Buyers.

 

		(n)	Publicity.
                                            The Company and each Buyer shall have the right to review a reasonable period of time before
                                            issuance of any press releases, SEC, Trading Market, or FINRA filings, or any other public
                                            statements with respect to the transactions contemplated hereby; provided, however,
                                            that the Company shall be entitled, without the prior approval of the Buyers, to make any
                                            press release or SEC, Trading Market or FINRA filings with respect to such transactions as
                                            is required by applicable law and regulations (although the Buyers shall be consulted by
                                            the Company in connection with any such press release prior to its release and shall be provided
                                            with a copy thereof).

 

	10.	DEFINED
                                            TERMS. As used in this Agreement, the following terms shall have the following meanings
                                            specified or indicated (such meanings to be equally applicable to both the singular and plural
                                            forms of the terms defined):

 

“Affiliate”
means, with respect to any Person, any other Person that, directly or indirectly through one or more intermediaries, controls, or is
controlled by, or is under common control with, such Person, and the term “control” (including the terms “controlled
by” and “under common control with”) means the possession, directly or indirectly, of the power to direct or cause
the direction of the management policies of such Person, whether through ownership of voting securities, by contract or otherwise.

 

“Common
Stock Equivalents” means any securities of the Company or the Subsidiaries that would entitle the holder thereof to acquire
at any time Common Stock, including, without limitation, any debt, preferred stock, right, option, warrant 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.

 

“Damages”
shall mean any loss, claim, damage, liability, cost and expense (including, without limitation, reasonable attorneys’ fees and
disbursements and costs and expenses of expert witnesses and investigation).

 

“Exchange
Act” shall mean the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 

    	27 

     

    

 

“Hazardous
Material” means and includes any hazardous, toxic or dangerous waste, substance or material, the generation, handling, storage,
disposal, treatment or emission of which is subject to any Environmental Law.

 

“Knowledge”
including the phrase “to the Company’s Knowledge” shall mean the actual knowledge after reasonable investigation
of the Company’s officers and directors.

 

“Lien”
means a lien, charge, pledge, security interest, encumbrance, right of first refusal, pre-emptive right or any other restriction.

 

“Material
Adverse Effect” means any effect on the business, operations, properties, or financial condition of the Company and/or the
Subsidiaries that is material and adverse to the Company and/or the Subsidiaries and/or any condition, circumstance, or situation that
prohibits or otherwise materially interferes with the ability of the Company and/or the Subsidiaries to enter into and/or perform its
obligations under any Transaction Document.

 

“OTC
Filings and Disclosures” shall mean the Company’s documents uploaded as of the Execution Date onto the Company’s
“Filings and Disclosures” page on the OTCMarkets.com website.

 

“Person”
means an individual, a corporation, a partnership, an association, a trust or other entity or organization, including a government or
political subdivision or an agency or instrumentality thereof.

 

“Registrable
Securities” means all of the Commitment Shares, Conversion Shares and Warrant Shares, and any and all shares of capital stock
issued or issuable as a result of any stock split, stock dividend, recapitalization, exchange or similar event or otherwise, without
regard to any limitation on issuances under any of the Transaction Documents.

 

“Securities”
means, collectively, the Notes, the Conversion Shares, the Warrants, the Warrant Shares, the Commitment Shares, and any other securities
of the Company issued in connection with or in exchange for any of the foregoing.

 

“Security
Agreement” means that certain Security Agreement between each Buyer and the Company as attached hereto as Exhibit E.

 

“Subsidiary”
or “Subsidiaries” means any Person the Company wholly-owns or controls, or in which the Company, directly or indirectly,
owns a majority of the voting stock or similar voting interest, in each case that would be disclosable pursuant to Item 601(b)(21) of
Regulation S-K promulgated under the Securities Act.

 

“Term”
means the period beginning on the Execution Date and ending on the 60th day thereafter.

 

“Trading
Day” shall mean a day on which the NASDAQ stock market shall be open for business.

 

“Trading
Market” means the OTCQB market of the OTC-Markets.

 

“Transaction
Documents” shall mean this Agreement, the Notes, the Warrants, the Security Agreements, the Transfer Agent Instruction Letters
and all schedules and exhibits hereto and thereto.

 

“Transfer
Agent” shall mean the current transfer agent of the Company, and any successor transfer agent of the Company.

 

“Transfer
Agent Instruction Letters” means the letters from the Company to the Transfer Agent in the form of Exhibit C attached
hereto.

 

**
signature page follows **

 

    	28 

     

    

 

IN
WITNESS WHEREOF, the Buyers and the Company have caused their respective signature page to this Note Purchase Agreement to be duly
executed as of the Execution Date.

 

	 	COMPANY:
	 	 	 
	 	DEEP GREEN WASTE & RECYCLING,

                                                                     INC. 

	 	 
	 	By:	 
	 	Name:	Lloyd
    T. Spencer
	 	Title:	CEO
	 	 	 
	 	BUYERS:
	 	 	 
	 	QUICK
    CAPITAL, LLC
	 	 	 
	 	By:	 
	 	Name:	Eilon
    D. Natan
	 	Title:	Manager
    
	 	 	 
	 	BHP
    CAPITAL NY INC.
	 	 
	 	By:	 
	 	Name:	Bryan
    Pantofel
	 	Title:	President

 

**
Signature Page to Note Purchase Agreement **

 

    	 

     

    

 

ISSUANCE
SCHEDULE

 

OCTOBER
CLOSING

 

	(1)	 	 	(2) *		 	 	(3)		 	 	(4) **		 	 	(5) ***	
	Buyer	 	Face Value of Note	 	 	Warrant Shares	 	 	Number of Commitment Shares	 	 	Funding Amount	 
	Quick Capital, LLC	 	$	666,667	 	 	 	66,666,667	 	 	 	2,298,852	 	 	$	556,500.00	 
	BHP Capital NY, Inc.	 	$	666,667	 	 	 	66,666,667	 	 	 	2,298,852	 	 	$	556,600.00	 

 

*The
Face Value of each Note includes an original issuance discount of 10%.

**
The value of Commitment Shares issued under this Agreement shall equal to 10% of the original face value of the Note as of the day of
the Closing.

***
The Buyers have the right to withhold $15,000 from the funding amount for payment of their aggregate transaction costs, and a 6% commission
shall be delivered to the Company’s broker at the closing on the Company’s behalf.

 

    	 

     

    

 

DISCLOSURE
SCHEDULES

 

Schedule
3(b)(v)

 

The
Company’s broker, MD Global, is entitled to a payment of $72,000.00 for its services in connection with the transaction contemplated
by this Agreement.

 

Schedule
3(c)(i)

 

Except
as disclosed in the SEC Documents, OTC Filings and Disclosures, neither
the Company nor any of its Subsidiaries has:

 

(1)
declared, set aside or paid any dividend or other distribution with respect to any shares of capital stock of the Company or any of its
Subsidiaries or any direct or indirect redemption, purchase or other acquisition of any such shares;

 

(2)
sold, assigned, pledged, encumbered, transferred or otherwise disposed of any tangible asset of the Company or any of its Subsidiaries
(other than sales or the licensing of its products to customers in the ordinary course of business consistent with past practice), or
sold, assigned, pledged, encumbered, transferred or otherwise disposed of any Intellectual Property (as defined below), other than licensing
of products of the Company or its Subsidiaries in the ordinary course of business and on a non-exclusive basis;

 

(3)
entered into any licensing or other agreement with regard to the acquisition or disposition of any Intellectual Property other than licenses
in the ordinary course of business consistent with past practice or any amendment or consent with respect to any licensing agreement
filed or required to be filed with respect to any governmental authority;

 

(4)
made capital expenditures, individually or in the aggregate, in excess of $100,000;

 

(5)
incurred any obligation or liability (whether absolute, accrued, contingent or otherwise, and whether due or to become due) on the Company’s
behalf or any of its Subsidiaries, in excess of $100,000 individually, other than obligations under customer contracts, current obligations
and liabilities, in each case incurred in the ordinary course of business and consistent with past practice;

 

(6)
had any Lien on any property of the Company or any of its Subsidiaries except as disclosed in the SEC Documents, OTC Filings and Disclosures;

 

(7)
made any payment, discharge, satisfaction or settlement of any suit, action, claim, arbitration, proceeding or obligation of the Company
or any of its Subsidiaries, except in the ordinary course of business and consistent with past practice;

 

(8)
effected any split, combination or reclassification of any equity securities;

 

    	 

     

    

 

(9)
sustained any material loss, destruction or damage to any property of the Company or any Subsidiary, whether or not insured;

 

(10)
effected any acceleration or prepayment of any indebtedness for borrowed money or the refunding of any such indebtedness;

 

(11)
experienced any labor trouble involving the Company or any Subsidiary or any material change in their personnel or the terms and conditions
of employment;

 

(12)
made any waiver of any valuable right, whether by contract or otherwise;

 

(13)
made any loan or extension of credit to any officer or employee of the Company;

 

(14)
made any change in the independent public accountants of the Company or its Subsidiaries or any material change in the accounting methods
or accounting practices followed by the Company or its Subsidiaries, as applicable, or any material change in depreciation or amortization
policies or rates;

 

(15)
experienced any resignation or termination of any officer, key employee or group of employees of the Company or any of its Subsidiaries;

 

(16)
effected any change in any compensation arrangement or agreement with any employee, officer, director or stockholder that would result
in the aggregate compensation to such Person in such year to exceed $100,000;

 

(17)
effected any material increase in the compensation of employees of the Company or its Subsidiaries (including any increase pursuant to
any written bonus, pension, profit sharing or other benefit or compensation plan, policy or arrangement or commitment), or any increase
in any such compensation or bonus payable to any officer, stockholder, director, consultant or agent of the Company or any of its Subsidiaries
having an annual salary or remuneration in excess of $100,000;

 

(18)
made any revaluation of any of their respective assets, including, without limitation, writing down the value of capitalized inventory
or writing off notes or accounts receivable or any sale of assets other than in the ordinary course of business;

 

(19)
made any acquisition or disposition of any material assets (or any contract or arrangement therefor), or any other material transaction
by the Company or any Subsidiary otherwise than for fair value in the ordinary course of business;

 

(20)
written-down the value of any asset of the Company or its Subsidiaries or written-off as uncollectible of any accounts or notes receivable
or any portion thereof except in the ordinary course of business and in a magnitude consistent with historical practice;

 

(21)
cancelled any debts or claims or any material amendment, termination or waiver of any rights of the Company or its Subsidiaries; or

 

(22)
entered into any agreement, whether in writing or otherwise, to take any of the actions specified in the foregoing items (1) through
(21).

 

    	 

     

    

 

SCHEDULE
4(b)

 

Use
of Proceeds

 

General
working capital.

 

    	 

     

    

 

EXHIBITS

 

A
– FORM OF NOTE

 

B
– FORM OF WARRANT

 

C
– FORM OF TRANSFER AGENT INSTRUCTIONS

 

D
- BOARD RESOLUTIONS

 

E
– FORM OF SECURITY AGREEMENT

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