Document:

Exhibit 4.2

 

THE SECURITIES REPRESENTED BY THIS INSTRUMENT
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE TRANSFERRED,
SOLD OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS
OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT OR SUCH LAWS. HEDGING TRANSACTIONS INVOLVING THESE SECURITIES MAY NOT BE
CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES ACT.

 

THIS INSTRUMENT IS ISSUED PURSUANT TO
AND SUBJECT TO THE RESTRICTIONS ON TRANSFER AND OTHER PROVISIONS OF A WARRANT ISSUANCE AGREEMENT, DATED AS OF JULY 11, 2022, BY AND BETWEEN
THE ISSUER OF THESE SECURITIES AND WALMART INC., A DELAWARE CORPORATION, A COPY OF WHICH IS ON FILE WITH THE ISSUER. THE SECURITIES REPRESENTED
BY THIS INSTRUMENT MAY NOT BE SOLD OR OTHERWISE TRANSFERRED EXCEPT IN COMPLIANCE WITH SAID AGREEMENT. ANY SALE OR OTHER TRANSFER NOT IN
COMPLIANCE WITH SAID AGREEMENT WILL BE

 

CANOO INC.

WARRANT TO PURCHASE COMMON STOCK

 

Number of shares of Common Stock: 61,160,011

Date of Issuance: July 11, 2022 (“Issuance Date”)

 

CANOO INC., a Delaware corporation (the
“Company”), hereby certifies that, for good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, WALMART INC., a Delaware corporation, the registered holder hereof (the “Holder”), is entitled,
subject to the terms set forth below, to purchase from the Company, at the Exercise Price (as defined below) then in effect, upon surrender
of this Warrant to Purchase Common Stock (including any Warrants to Purchase Common Stock issued in exchange, transfer or replacement
hereof and any additional Warrants to purchase Common Stock issued pursuant to Section 3, the “Warrant”), at any time
or times on or after the Issuance Date but only with respect to the portion of the Warrant that has vested as of such time, but not after
11:59 p.m., Central Time, on the Expiration Date (as defined below). Except as otherwise defined herein, capitalized terms in this
Warrant shall have the meanings set forth in Section 16.

 

This Warrant is issued: (i) pursuant to and subject
to the provisions of the Warrant Issuance Agreement dated as of the Issuance Date between the Holder and the Company (including any amendments
thereto, the “Warrant Issuance Agreement”); and (ii) as a condition to the execution of the Electric Vehicle Agreement dated as of the Issuance Date by and between the Company and the Holder (including any amendments, addendums, exhibits,
annexes, and POs issued thereunder, collectively, the “EV Agreement”).

 

1. VESTING.
This Warrant shall vest and become exercisable as follows:

 

(i) 15,290,003
Warrant Shares will vest and become exercisable immediately on the Issuance Date.

 

(ii) Following
the Issuance Date, the remaining Warrant Shares (“Revenue Vesting Shares”) will vest and become exercisable on a pro
rata based on Total Walmart Generated Revenue in an amount proportional to $300 million, until aggregate Total Walmart Generated Revenue
shall reach $300 million, at which time all Revenue Vesting Shares (and all Warrant Shares) shall have vested. For example, at such time
as Total Walmart Generated Revenue from and after the Issuance Date shall have reached $30 million, 10% of the Revenue Vesting Shares
shall have become vested and exercisable.

 

(iii) Promptly
following the end of each calendar quarter until all Warrant Shares have vested, the Holder shall calculate the Total Walmart Generated
Revenue generated by Walmart and its Affiliates during such calendar quarter (or, for the calendar quarter in which the Issuance Date
occurred, since the Issuance Date) and provide notice to the Company thereof together with calculations that are sufficiently detailed
to enable the Company to validate such determination (the “Revenue Notice”), and the Company shall account for any
vesting of the Warrant Shares accordingly. If the Company delivers a Dispute Notice (as defined below) pursuant to subparagraph (iv) below
with respect to the Revenue Notice, the Revenue Vesting Shares subject to dispute shall not become vested until such time it is determined
pursuant to the terms and conditions hereof that the vesting conditions have been satisfied.

 

(iv) If
the Company desires to dispute the determination in any such Revenue Notice (such dispute, a “Revenue Dispute”), the
Company will provide written notice to the Holder within ten (10) Business Days following receipt of the Revenue Notice, with reasonable
supporting detail of the basis for dispute (a “Dispute Notice”). The parties shall have twenty (20) Business Days following
receipt of the Dispute Notice to work together in good faith to resolve any such dispute (the “Resolution Period”).
In the event that the parties resolve the Revenue Dispute during the Resolution Period, the Warrant Shares subject to vesting in accordance
with such resolution shall become immediately vested on the date of such resolution. In the event the parties are unable to resolve the
Revenue Dispute within the Resolution Period, either the Company or the Holder may, in its sole discretion, elect to commence mediation
with a mediator to be mutually agreed upon the parties in good faith to resolve such dispute. The costs of the mediator shall be shared
equally by the Company and the Holder, provided that if the mediator shall resolve the dispute substantially in the favor of either the
Company or the Holder, the other shall bear all costs of the mediator.

 

     

     

    

 

2. EXERCISE
OF WARRANT.

 

(a) Mechanics
of Exercise. Subject to the terms and conditions hereof, this Warrant may be exercised by the Holder at any time after the occurrence
of the Applicable Stockholder Vote (and regardless of the outcome of such vote), but only to the extent vested, in whole or in part (except
as provided under Section 3 below), by (i) delivery of a duly executed PDF copy submitted by e-mail (or e-mail attachment) of a
written notice, in the form attached hereto as Exhibit A (the “Exercise Notice”), of the Holder’s
election to exercise this Warrant, and (ii) payment to the Company of an amount equal to the Exercise Price multiplied by the number of
Warrant Shares as to which this Warrant is being exercised (the “Aggregate Exercise Price”) (x) in cash by wire transfer
of immediately available funds to an account designated by the Company (such manner of exercise, a “Cash Exercise”)
and/or (y) without payment of cash, by reducing the number of Warrant Shares obtainable upon the exercise of this Warrant and payment
of the Exercise Price in cash so as to yield a number of Warrant Shares obtainable upon the exercise of this Warrant (either in full or
in part, as applicable) equal to the product of (A) the number of Warrant Shares issuable upon the exercise of this Warrant (either
in full or in part, as applicable) (if payment of the Exercise Price were being made in cash) and (B) the Cashless Exercise Ratio
(such manner of exercise, a “Cashless Exercise”); provided that such product shall be rounded to the nearest
whole Warrant Share. The Company shall cause the Warrant Shares purchased hereunder to be transmitted by the Transfer Agent to the Holder
by book entry position, registered in the Company’s share register in the name of the Holder or its designee, for the number of
Warrant Shares to which the Holder is entitled pursuant to such exercise by the date that is the earlier of (i) two (2) Trading Days after
the delivery to the Company of the Exercise Notice and the Aggregate Exercise Price (the “Exercise Delivery Documents”),
and (ii) the number of Trading Days comprising a standard settlement period after the delivery to the Company of the Notice of Exercise
(such date, the “Warrant Share Delivery Date”). Upon delivery of the Exercise Delivery Documents (or if requested by Holder
the date the Warrant Shares are transferred to the name of the Holder by book entry position by the Transfer Agent), the Holder shall
be deemed for all corporate purposes to have become the holder of record of the Warrant Shares with respect to which this Warrant has
been exercised.

 

(b) No
Fractional Shares. No fractional shares of Common Stock are to be issued upon the exercise of this Warrant, but rather the number
of shares to be issued shall be rounded to the nearest whole number.

 

(c) Charges,
Taxes and Expenses. Issuance of Warrant Shares shall be made without charge to the Holder for any issue or transfer tax or other incidental
expense in respect of the issuance of such Warrant Shares, all of which taxes and expenses shall be paid by the Company, and such Warrant
Shares shall be issued in the name of the Holder or in such name or names as may be directed by the Holder; provided, however, that in
the event that Warrant Shares are to be issued in a name other than the name of the Holder, this Warrant when surrendered for exercise
shall be accompanied by the Assignment Form attached hereto duly executed by the Holder and the Company may require, as a condition thereto,
the payment of a sum sufficient to reimburse it for any transfer tax incidental thereto. The Company shall pay all Transfer Agent fees
required for same-day processing of any Notice of Exercise and all fees to the Depository Trust Company (or another established clearing
corporation performing similar functions) required for same-day electronic delivery of the Warrant Shares.

 

(d) Delivery
of a New Warrant. The Holder shall not be required to surrender this Warrant to the Company for cancellation until the Holder has
purchased all of the Warrant Shares available hereunder and the Warrant has been exercised in full, in which case the Holder shall surrender
this Warrant within three (3) Business Days of the date on which the final Exercise Notice is delivered to the Company. Partial exercise
of this Warrant resulting in purchases of a portion of the total number of Warrant Shares available hereunder shall have the effect of
lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal to the applicable number of Warrant Shares
purchased. The Holder and the Company shall maintain records showing the number of Warrant Shares purchased and the date of such purchases.
Notwithstanding the foregoing, if this Warrant has been exercised in part the Company shall, at the request of the Holder and upon surrender
of this Warrant certificate, deliver to the Holder a new Warrant evidencing the rights of the Holder to purchase the unpurchased Warrant
Shares called for by this Warrant, which new Warrant shall in all other respects be identical with this Warrant.

 

(e) Rescission
Rights. If the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant Shares pursuant to Section 2(c)(i)
by the Warrant Share Delivery Date, then the Holder will have the right to rescind such exercise.

 

(f) Exercise
Price. For purposes of this Warrant, “Exercise Price” means $2.15 per Warrant Share, subject to adjustment as provided
herein.

 

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(g) Exercise
Restriction. Notwithstanding anything herein to the contrary, in no event shall the Company issue more than 53,852,492 shares of Common
Stock in respect of this Warrant unless and until the Company shall have obtained the Requisite Stockholder Approval (as such term is
defined in the Warrant Issuance Agreement); provided, that in lieu of any Shares which would have been issued in connection with a valid
exercise of this Warrant but for the application of this Section 2(g) (such Shares, the “Excess Shares”), the Company
shall pay to the Holder an amount in cash equal to the product of: (i) the excess of (x) the 30-Day VWAP as of the day immediately preceding
the applicable exercise date and (y) the Exercise Price, times (ii) the number of Excess Shares. Any cash amounts due pursuant to
the foregoing sentence shall be paid by the Company by wire transfer of immediately available funds on or prior to the Warrant Share Delivery
Date applicable to such exercise and following such payment the Company shall cease to have any further obligations in respect of the
portion of the Warrant relating to such Excess Shares.

 

3. ADJUSTMENT
OF EXERCISE PRICE AND NUMBER OF WARRANT SHARES.

 

(a) Stock
Splits, Subdivisions, Reclassifications or Combinations. If the Company shall at any time or from time to time (a) declare, order,
pay or make a dividend or make a distribution on Common Stock in additional shares of Common Stock, (b) split, subdivide or reclassify
the outstanding shares of Common Stock into a greater number of shares or (c) combine or reclassify the outstanding shares of Common
Stock into a smaller number of shares, the number of Warrant Shares issuable upon exercise of this Warrant at the time of the record date
for such dividend or distribution or the effective date of such split, subdivision, combination or reclassification shall be proportionately
adjusted so that the Holder immediately after such record date or effective date, as the case may be, shall be entitled to purchase the
number of shares of Common Stock which such holder would have owned or been entitled to receive in respect of the shares of Common Stock
subject to this Warrant after such date had this Warrant been exercised in full immediately prior to such record date or effective date,
as the case may be (disregarding whether or not this Warrant had been exercisable by its terms at such time). In the event of such adjustment,
the Exercise Price in effect at the time of the record date for such dividend or distribution or the effective date of such split, subdivision,
combination or reclassification shall be immediately adjusted to the number obtained by dividing (x) the product of (1) the
number of Warrant Shares issuable upon the exercise of this Warrant in full before the adjustment determined pursuant to the immediately
preceding sentence (disregarding whether or not this Warrant was exercisable by its terms at such time) and (2) the Exercise Price
in effect immediately prior to the record or effective date, as the case may be, for the dividend, distribution, split, subdivision, combination
or reclassification giving rise to such adjustment by (y) the new number of Warrant Shares issuable upon exercise of the Warrant
in full determined pursuant to the immediately preceding sentence (disregarding whether or not this Warrant is exercisable by its terms
at such time); provided that such product shall be rounded to the nearest whole Warrant Share.

 

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(b) Certain
Issuances of Common Stock or Convertible Securities. If the Company shall at any time or from time to time issue shares of Common
Stock (or rights or warrants or any other securities or rights exercisable or convertible into or exchangeable for shares of Common Stock
(collectively, a “conversion”)), including through distributions on outstanding securities (collectively, “Convertible
Securities”) (other than in Permitted Transactions or transactions to which the adjustments set forth in Section 3(a)
are applicable), without consideration or at a consideration per share (or having a conversion price per share) that is less than the
Exercise Price then in effect (the date of such issuance, the “Pricing Date”) then, in such event:

 

(A) the number of Warrant Shares issuable upon the exercise
of this Warrant immediately prior to the Pricing Date (the “Initial Number”) shall be increased to the number obtained
by multiplying the Initial Number by a fraction (I) the numerator of which shall be the sum of (x) the number of shares of Common Stock
outstanding immediately prior to the Pricing Date and (y) the number of additional shares of Common Stock issued (or into which Convertible
Securities may be converted) and (II) the denominator of which shall be the sum of (x) the number of shares of Common Stock outstanding
immediately prior to the Pricing Date and (y) the number of shares of Common Stock (rounded to the nearest whole share) which the aggregate
consideration in respect of such issuance of shares of Common Stock (or Convertible Securities) would purchase at the Market Price of
Common Stock immediately prior to the Pricing Date; and

 

(B) the Exercise Price payable upon exercise of this Warrant
shall be adjusted by multiplying such Exercise Price in effect immediately prior to the Pricing Date by a fraction, the numerator of which
shall be the number of shares of Common Stock issuable upon exercise of this Warrant in full immediately prior to the adjustment pursuant
to clause (A) above (disregarding whether or not this Warrant was exercisable by its terms at such time), and the denominator of which
shall be the number of shares of Common Stock issuable upon exercise of this Warrant in full immediately after the adjustment pursuant
to clause (A) above (disregarding whether or not this Warrant is exercisable by its terms at such time).

 

For purposes of this Section 3(b), “Permitted Transactions”
shall include (a) issuances of shares of Common Stock (including upon exercise of options) to directors, advisors, employees or consultants
of the Company pursuant to a stock option plan, employee stock purchase plan, restricted stock plan, other employee benefit plan or other
similar compensatory agreement or arrangement approved by the Board of Directors, (b) issuances of shares of Common Stock in a Qualified
Financing, (c) issuance of the Company’s equity interests upon exercise of warrants or options, or conversion of outstanding equity
interests, outstanding as of the Issuance Date, (d) any sale of the Company’s equity interests pursuant to a registered public offering,
(e) sales of Common Stock in transactions deemed to be “at-the-market” sales pursuant to Rule 415 of the Securities Act, including
any sales pursuant to the standby equity purchase agreement, dated as of May 10, 2022, between the Company and YA-II PN, Ltd., (f) issuance
of shares of Common Stock as payment to Company vendors and suppliers, or issuances to secure such payment obligations, and (g) issuance
of Common Stock issuable upon exercise of this Warrant. For the avoidance of doubt, except in connection with any transaction described
in Section 3(a), no adjustment pursuant to this Section 3(b) shall be made to an applicable Exercise Price or number of
related Warrant Shares in the case of the issuance of Common Stock or Convertible Securities at a consideration per share (or having a
conversion or exercise price per share) that is equal to or greater than such Exercise Price. Any adjustment made pursuant to this Section
3(c) shall become effective immediately upon the date of such issuance. For the avoidance of doubt, no increase to the Exercise Price
or decrease in the number of Warrant Shares issuable upon exercise of this Warrant shall be made pursuant to this Section 3(b)

 

(c) Distributions.
If the Company, at any time while this Warrant is outstanding, declares or makes any dividend or distributes to holders of shares of Common
Stock (and not to the Holder) evidences of its indebtedness or assets (including cash and cash dividends or property) or rights or warrants
to subscribe for or purchase any security (including, without limitation, any distribution of cash, stock or other securities, property
or options by way of a dividend, spin off, reclassification, corporate rearrangement, scheme of arrangement or other similar transaction
other than dividends or distributions pursuant to Section 3(a)) (a “Distribution”), then the Holder will be
entitled to participate in such Distribution to the same extent that the Holder would have participated therein if the Holder had held
the number of shares of Common Stock acquirable upon exercise of the Warrant solely to the extent exercisable immediately before the date
as of which a record is taken for such Distribution, or, if no such record is taken, the date as of which the record holders of shares
of Common Stock are to be determined for the participation in such Distribution.

 

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4. SALE
OR LIQUIDATION TRANSACTION. Upon the occurrence of a Change of Control, liquidation, or similar event with respect to the Company,
(a) the portion of the Warrant that is vested at the time of such event shall be deemed automatically exercised immediately prior to such
event and all amounts payable with respect to the Common Stock shall include the Warrant Shares resulting from such exercise (less the
applicable Aggregate Exercise Price). and (b) the portion of the Warrant that is unvested at the time of such event shall remain outstanding
and assumed by the successor entity. Notwithstanding the foregoing, in the event the Change of Control, liquidation, or similar event
could negatively impact the Holder’s ability to earn Warrant Shares, including without limitation by adversely impacting in any
respect the potential amount of Total Walmart Generated Revenue, the portion of the Warrant that remains unvested, if any, at the time
of such event shall accelerate and fully vest immediately prior thereto.

 

5. WARRANT
HOLDER NOT DEEMED A STOCKHOLDER. The Holder, solely in such Person’s capacity as the Holder of this Warrant, shall not be entitled
to vote or receive distributions or be deemed a holder of Common Stock of the Company for any purpose, nor shall anything contained in
this Warrant be construed to confer upon the Holder, solely in such Person’s capacity as the Holder of this Warrant, any of the
rights of a stockholder of the Company or any right to vote, give or withhold consent to any company action (whether any reorganization,
issue of shares, reclassification of shares, consolidation, merger, conveyance or otherwise), receive notice of meetings, receive distributions
or subscription rights, or otherwise, prior to the issuance to the Holder of the Warrant Shares which such Person is then entitled to
receive upon the due exercise of this Warrant. In addition, nothing contained in this Warrant shall be construed as imposing any liabilities
on the Holder to purchase any securities (upon exercise of this Warrant or otherwise) or as a stockholder of the Company, whether such
liabilities are asserted by the Company or by creditors of the Company. 

 

6. REISSUANCE
OF WARRANTS. 

 

(a) Restrictions
on Transfer. The Holder may not sell, exchange, assign, pledge, hypothecate, gift or otherwise transfer, dispose of or make or permit
any indirect transfer of this Warrant without the prior written consent of the Company’s board of directors; provided, however,
that the Holder may assign this Warrant to any of its Affiliates without such prior written consent.

 

(b) Lost,
Stolen or Mutilated Warrant. Upon receipt by the Company of evidence reasonably satisfactory to the Company of the loss, theft, destruction
or mutilation of this Warrant, and, in the case of loss, theft or destruction, of any indemnification undertaking by the Holder to the
Company in customary form and, in the case of mutilation, upon surrender and cancellation of this Warrant, the Company shall execute and
deliver to the Holder a new Warrant.

 

7. FACILITATION
OF SALES UNDER RULE 144. For as long as the Holder or any Permitted Transferee owns any Warrant Shares, to the extent it shall be
required to do so under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the Company shall timely file
the reports required to be filed by it under the Exchange Act or the Securities Act of 1933, as amended (the “Securities Act”),
and submit all required Interactive Data Files (as defined in rules and regulations promulgated by the SEC), and the Company shall, and
shall procure any relevant third party to, take such further necessary action required from time to time to enable the Holder to sell
its Warrant Shares (including, without limitation, for the purpose of the removal of any restrictive legend on the Warrant Shares, such
as by providing an opinion letter from the Company’s counsel to the Holder or any relevant transfer agent) as from the first Business
Day after the delivery of the Exercise Delivery Documents, without registration under the Securities Act within the limitations of the
exemption provided by Rule 144 under the Securities Act.

 

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8. NONWAIVER
AND EXPENSES. No course of dealing or any delay or failure to exercise any right hereunder on the part of Holder shall operate as
a waiver of such right or otherwise prejudice the Holder’s rights, powers or remedies. Without limiting any other provision of this
Warrant, if the Company willfully and knowingly fails to comply with any provision of this Warrant, which results in any material damages
to the Holder, the Company shall pay to the Holder such amounts as shall be sufficient to cover any costs and expenses including, but
not limited to, reasonable attorneys’ fees, including those of appellate proceedings, incurred by the Holder in collecting any amounts
due pursuant hereto or in otherwise enforcing any of its rights, powers or remedies hereunder.

 

9. SUCCESSORS
AND ASSIGNS. Subject to applicable securities laws, this Warrant and the rights and obligations evidenced hereby shall inure to the
benefit of and be binding upon the successors and permitted assigns of the Company and the successors and permitted assigns of Holder.
The provisions of this Warrant are intended to be for the benefit of any Holder from time to time of this Warrant and shall be enforceable
by the Holder or holder of Warrant Shares.

 

10. REMEDIES.
The Holder, in addition to being entitled to exercise all rights granted by law, including recovery of damages, will be entitled to specific
performance of its rights under this Warrant. The Company agrees that monetary damages would not be adequate compensation for any loss
incurred by reason of a breach by it of the provisions of this Warrant and hereby agrees to waive and not to assert the defense in any
action for specific performance that a remedy at law would be adequate.

 

11. NOTICES.
To be effective, any notice, consent, or communication required or permitted to be given in connection with this Warrant must be in writing
and personally delivered or sent by messenger, overnight courier, electronic mail, or certified mail and addressed as set forth below.
All notices, consents, and communications are deemed delivered and received by the receiving party (a) if personally delivered or delivered
by messenger, on the date of delivery or on the date delivery was refused, (b) if delivered by electronic mail, upon receipt of confirmation
of the party transmitting such electronic mail, or (c) if delivered by overnight courier or certified mail, on the date of delivery as
established by the return receipt, courier service confirmation, or similar documentation (or the date on which the courier or postal
service, as the case may be, confirms that acceptance of delivery was refused or undeliverable). Each notice shall be addressed as follows: 

 

If to the Company:

 

Canoo Inc.

15520 Highway 114, Suite 2C

Justin, Texas 76247

Attention: Legal Department

		Email:	legal@canoo.com

Hector Ruiz Hector.Ruiz@canoo.com

Ramesh Murthy Ramesh.Murhty@canoo.com

 

If to the Holder:

 

Walmart Inc.

702 S.W. 8th Street

Bentonville, AR 72716

Attention: Corporate Development and M&A Legal

		Email:	transactionnotices@walmartlegal.com

Michael Guptan Michael.Guptan@walmart.com

Zuzana Gajduskova ZGajduskova@walmart.com

Harsha Pakhal Harsha.Pakhal@walmart.com

 

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12. AMENDMENT
AND WAIVER. Except as otherwise provided herein, neither the Company nor the Holder shall amend this Warrant, take any action herein
prohibited, or omit to perform any act herein required to be performed by it, without the written consent of the other party. 

 

13. GOVERNING
LAW. This Warrant shall be governed by and construed and enforced in accordance with, and all questions concerning the construction,
validity, interpretation and performance of this Warrant shall be governed by the laws of the State of Delaware (without giving effect
to any choice of law or conflict of law provision or rule). 

 

14. CONSTRUCTION;
HEADINGS. This Warrant shall be deemed to be jointly drafted by the Company and the Holder and shall not be construed against any
person as the drafter hereof. The headings of this Warrant are for convenience of reference and shall not form part of, or affect the
interpretation of, this Warrant. 

 

15. SUBMISSION
TO JURISDICTION. Any action or proceeding seeking to enforce any provision of, or based on any right arising out of, this Warrant
shall be brought against either of the parties only in any state or federal court located in the State of Delaware located in the County
of New Castle, Delaware. Each party to this Agreement: (i) expressly and irrevocably consents and submits to the jurisdiction of each
state and federal court located in the County of New Castle located in the State of Delaware (and each appellate court located in the
State of Delaware or the applicable federal court of appeals) in connection with any such legal proceeding; (ii) agrees that each state
and federal court located in the County of New Castle, Delaware shall be deemed to be a convenient forum; and (iii) agrees not to assert
(by way of motion, as a defense or otherwise), in any such legal proceeding commenced in any state or federal court located in the County
of New Castle, Delaware any claim that such party is not subject personally to the jurisdiction of such court, that such legal proceeding
has been brought in an inconvenient forum, that the venue of such proceeding is improper or that this Agreement or the subject matter
of this Agreement may not be enforced in or by such court. Each of the parties irrevocably waive the right to a jury trial in connection
with any legal proceeding relating to this Agreement or the enforcement of any provision of this Agreement.  

 

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

 

(a) “30-Day
VWAP” means, as of any date, the volume weighted average price per share of the Common Stock on the Principal Trading Market
(as reported by Bloomberg L.P. (or its successor) or, if not available, by another authoritative source mutually agreed by the Holder
and the Company) from 9:30 a.m. (New York City time) on the Trading Day that is thirty (30) Trading Days preceding such date to 4:00 p.m.
(New York City time) on the last Trading Day immediately preceding such date.

 

(b) “Applicable
Stockholder Vote” means the first duly convened meeting of the stockholders of the Company at which a resolution for the purpose
of obtaining the Requisite Stockholder Approval (as such term is defined in the Warrant Issuance Agreement) is presented to the stockholders
and voted upon, regardless of the outcome of such vote.

 

(c) “Affiliate”
means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control
with a Person, as such terms are used in and construed under Rule 405 under the Securities Act.

 

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(d) “Business
Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized
or required by law to remain closed.

 

(e) “Cash
Exercise” has the meaning set forth in Section 2(a).

 

(f) “Cashless
Exercise” has the meaning set forth in Section 2(a).

 

(g) “Cashless
Exercise Ratio” with respect to any exercise of this Warrant means a fraction (i) the numerator of which is the excess
of (x) the 30-Day VWAP as of the day immediately preceding such exercise date over (y) the Exercise Price, and (ii) the
denominator of which is the 30-Day VWAP as of the day immediately preceding such exercise date.

 

(h) “Common
Stock” means (i) the Company’s Common Stock, $.0001 par value per share, and (ii) any stock into which such
Common Stock shall have been changed or any stock resulting from a reclassification of such Common Stock.

 

(i) “Company
Capitalization” means the sum of: (1) all shares of capital stock of the Company (on an as-converted basis) issued and outstanding,
assuming exercise or conversion of all outstanding vested and unvested options, warrants and other convertible securities: and (2) all
shares of Common Stock of the Company reserved and available for future grant under any equity incentive or similar plan of the Company,
and/or any equity incentive or similar plan to be created or increased in connection with the Qualified Financing, as applicable.

 

(j) “Expiration
Date” means the date 10 years after the Issuance Date or, if such date falls on a day other than a Business Day, the next Business
Day (the “Initial Expiration Date”), provided that if all Warrant Shares shall not have vested on such Initial Expiration
Date and the Company is continuing to recognize Total Walmart Generated Revenue at such time, the Expiration Date shall be extended an
additional sixty (60) calendar days following the end of the calendar quarter in which such Initial Expiration Date occurred to permit
the determination of Total Walmart Generated Revenue through the Initial Expiration Date and the associated vesting of Revenue
Vesting Warrants in accordance with Section 1 hereof.

 

(k) “Net
Revenue” means gross sales less discounts, returns, allowances and sales tax.

 

(l) “Person”
means an individual, a limited liability company, a partnership, a joint venture, a corporation, a trust, an unincorporated organization,
any other entity and a government or any department or agency thereof.

 

(m) “Principal
Trading Market” means the trading market on which the Common Stock is primarily listed on and quoted for trading, and which,
as of the Issue Date is The NASDAQ Capital Market

 

(n) “Qualified
Financing” means the first transaction or series of related transactions during each successive 24-month period following the
Issuance Date in which the Company sells and issues Common Stock or similar securities primarily for the purpose of raising capital in
an amount not exceeding the lesser of: (x) $100,000,000 and (y) 10% of the Company Capitalization at the time of such transaction. For
clarity purposes, any transaction or series of related transactions in which the Company sells and issues Common Stock or similar securities
primarily for the purpose of raising capital which is not a Qualified Transaction or otherwise not a Permitted Transaction shall be subject
to the provisions of Section 3(b) hereof.

 

    8

     

    

 

(o) “Total
Walmart Generated Revenue” shall include all Net Revenue to Canoo or its Affiliates enabled by Walmart or its Affiliates, including
without limitation Net Revenue to Canoo or its Affiliates under the EV Agreement or any other agreement with Walmart or its Affiliates
and Net Revenue attributable to any products or services offered by Walmart or its Affiliates related to Canoo or its Affiliates.

 

(p) “Trading
Day” means a day on which the Principal Trading Market is open for trading. If the Common Stock is not listed on any Trading
Market, then “Trading Day” means Business Day.

 

(q) “Trading
Market” means the Nasdaq Global Select Market or the market or exchange on which the Common Stock is listed or quoted for trading
on the date in question.

 

(r) “Transfer
Agent” means the Company and any successor transfer agent of the Company.

 

(s) “Warrant
Shares” means fully paid and nonassessable shares of Common Stock of the Company as adjusted from time to time as contemplated
herein.

 

[Signature Page Follows]

 

    9

     

    

 

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

 

	 	CANOO
    INC.
	 	 	 
	 	By: 	/s/
    Tony Aquila
	 	Name:	Tony Aquila
	 	Title:	CHAIRMAN & CEO
	 	 	 

 

	WALMART INC.	 
	 	 	 
	By:	/s/ Michael Guptan	 
	Name:	 Michael Guptan	 
	Title:	Senior Vice President – Corporate Development	 

  

[Signature Page to Warrant]

 

     

     

    

 

Exhibit
A

 

EXERCISE
NOTICE

 

	To: Canoo Inc.	 	Dated: ____________________

  

The
undersigned, pursuant to the provisions set forth in the attached Warrant, hereby agrees to subscribe for and purchase the number of
shares of Common Stock set forth below covered by such Warrant. The undersigned, in accordance with Section 2 of the Warrant,
hereby agrees to pay the aggregate Exercise Price for such shares of Common Stock. A new warrant evidencing the remaining shares of Common
Stock covered by such Warrant, but not yet subscribed for and purchased, if any, should be issued in the name of the Holder.

 

Number
of shares of Common Stock with respect to which the Warrant is being exercised (including shares to be withheld as payment of the Exercise
Price pursuant to the Cashless Exercise provisions of Section 2(a) of the Warrant, if any):

______________________________________

 

Method
of Payment of Exercise Price (note if Cashless Exercise or cash exercise pursuant to Section 2(a) of the Warrant):

___________________________________

 

Aggregate
Exercise Price: _______________________________

 

IN
WITNESS WHEREOF, the undersigned has caused this Exercise Notice to be executed on the day and year first above written.

 

	 	 	 
	 	[Printed or Typed
    Entity Name]
	 	 	 
	 	By:  	 
	 	 	    (Signature)
	 	Name:  	 
	 	Title:STOCK
PURCHASE AGREEMENT

among

SOCIETY
PASS INCORPORATED,

THOUGHTFUL
MEDIA GROUP INCORPORATED,

and

AdActive
Media, Inc.

Dated
as of July [*], 2022

    	 		 

     

    

 

Contents

	ARTICLE
    1 Sale and Purchase of Equity Interests	2
	Section
    1.1 Sale and Purchase of Equity Interests	2
	Section
    1.2 Closing	2
	ARTICLE
    2 Representations and Warranties of Seller	3
	Section
    2.1 Corporate Status.	3
	Section
    2.2 Corporate Authorization	3
	Section
    2.3 Non-Contravention	3
	Section
    2.4 Capitalization; Title to Equity Interests	4
	Section
    2.5 Financial Statements	5
	Section
    2.6 Absence of Certain Changes	6
	Section
    2.7 Material Contracts	6
	Section
2.8 Assets	7
	Section
    2.9 Intellectual Property; Information Technology	7
	Section
    2.10 Litigation	8
	Section
    2.11 Compliance with Laws	9
	Section
    2.12 Government Authorizations	9
	Section
    2.13 Employee Matters	9
	Section
    2.14 Employee Benefit Plans	10
	Section
    2.15 Tax Matters	10
	Section
    2.16 Insurance	11
	Section
    2.17 Transactions with Affiliates	11
	Section
    2.18 Finders’ Fees	11
	Section
    2.19 Anti-Corruption	11
	Section
    2.20 Investment Purpose	12
	Section
    2.21 No Other Representations and Warranties	12
	ARTICLE
    3 Representations and Warranties of Buyer and Parent	12
	Section
    3.1 Corporate Status	12
	Section
    3.2 Corporate and Governmental Authorization	13
	Section
    3.3 Non-Contravention	13
	Section
    3.4  SEC Reports	13
	Section
    3.5 Equity Interests	14
	Section
    3.6 Equity Consideration	14
	Section
    3.7 Legal Proceedings	14
	Section
    3.8 Finders’ Fees	14
	ARTICLE
    4 Reserved	14
	ARTICLE
    5 Covenants of the Parties	14
	Section
    5.1 Confidentiality; Non-Solicitation	14
	Section
    5.2 Further Assurances	15
	Section
    5.3 Publicity	15
	Section
    5.4 Option to Purchase Additional Subsidiary	15
	Section
    5.5 Parent	15
	Section
    5.6 Sales Team Expansion	16
	ARTICLE
    6 Tax Matters	16
	Section
    6.1 Cooperation on Tax Matters	16
	Section
    6.2 Tax Returns	16
	Section
    6.3 Allocation of Straddle Period Taxes and Other Conventions	17
	Section
    6.4 Tax Refunds	17
	Section
    6.5 Post-Closing Actions	18
	Section
    6.6 Tax Contests	18
	Section
    6.7 Transfer Taxes	18
	Section
    6.8 Section 338(h)(10) Election	19
	ARTICLE
    7 Conditions Precedent	20
	ARTICLE
    8 Reserved.	21
	ARTICLE
    9	21
	Indemnification	21
	Section
    9.1 Survival	21
	Section
    9.2 Indemnification by Seller	21
	Section
    9.3 Indemnification by Buyer	22
	Section
    9.4 Limitations on Indemnity	22
	Section
    9.5 Notification of Claims; Third Party Claims.	23
	Section
    9.6  Insurance or Other Third Party Recovery	24
	Section
    9.7  Liabilities	24
	Section
    9.8  Exclusive Remedy	24
	ARTICLE
    10 Definitions	24
	Section
    10.1  Certain Terms	24
	ARTICLE
    11 Miscellaneous	25
	Section
    11.1  Notices	26
	Section
    11.2  Amendment; Waivers, etc	27
	Section
    11.3  Expenses	27
	Section
    11.4  Governing Law, Jurisdiction, etc.	27
	Section
    11.5  Successors and Assigns	28
	Section
    11.6  Disclaimer of Other Representations or Warranties	28
	Section
    11.7  Entire Agreement	29
	Section
    11.8  Severability	29
	Section
    11.9  Counterparts; Effectiveness; Third Party Beneficiaries	29
	Section
    11.10  Non-Recourse	29
	Section
    11.11  Disclosure Schedules	29
	Section
    11.12  Specific Performance	30
	Section
    11.13  Headings	30
	Section
    11.14 Conflict of Interest	30
	Section
    11.15 Attorney-Client Privilege	30

    	 	1	 

     

    

STOCK
PURCHASE AGREEMENT

This
Stock Purchase Agreement, dated as of July [*], 2022, is entered into by and among Society Pass Incorporated, a Nevada corporation (the
“Parent”), Thoughtful Media Group Incorporated, a Nevada corporation and a wholly-owned subsidiary of the Parent (the
“Buyer”), and AdActive Media, Inc. d.b.a. Thoughtful Media Group, a Delaware corporation (the “Seller”).

R
E C I T A L S:

WHEREAS,
Seller owns all of, or the substantial majority of, the issued and outstanding capital stock of each of (i) AdActive Media CA, Inc.,
a California corporation incorporated on April 12, 2010 with a corporate registration number of 3287609 (“TMG California”),
(ii) Thoughtful Thailand Limited, a Thailand corporation (“TMG Thailand”) incorporated on September 2, 2014 with a
corporate registration number of 0105557128041 and, (iii) AdActive Media Asia Limited, a Hong Kong corporation incorporated on March
15, 2011 with a corporate registration number of 58067210-000 and company number 1571971 (“TMG HK”). Together, TMG
California and TMG Thailand, comprise the “Group Companies”.

WHEREAS,
the Seller and the Group Companies operate a multi-platform content network developing, producing, and procuring video content that can
be distributed across global social video platforms (the “Business”); and

WHEREAS,
Buyer wishes to purchase from Seller all of the equity interests the Seller owns in the Group Companies (“Equity Interests”),
and Seller wishes to sell the Equity Interests to Buyer, upon the terms and conditions set forth in this Agreement.

NOW,
THEREFORE, in consideration of the foregoing premises, the mutual covenants, promises and agreements hereinafter set forth, the mutual
benefits to be gained by the performance thereof, and for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged and accepted, the parties to this Agreement, intending to be legally bound, hereby agree as follows:

ARTICLE
1

Sale and Purchase of Equity Interests

Section
1.1 Sale and Purchase of Equity Interests. Subject to the terms and conditions
hereof, on the date hereof, Seller shall sell, grant, convey, transfer, deliver and assign the Equity Interests to Buyer and Buyer shall
purchase, acquire and accept from Seller, all of Seller’s right, title and interest in and to the Equity Interests, for an aggregate
purchase price equal to the (i) number of Parent Stock equal to $1,300,000 divided by the 20-Day Average Price (the “Equity
Consideration”), (ii) a warrant exercisable for shares of Parent Stock equal to $433,333 divided by the 20-Day Average Price
with an exercise price equal to the 20-Day Average Price and exercisable within one year of the Closing Date in the form attached as
Exhibit A (the “Warrant”), and (iii) the payment of up to $700,000 of Liabilities owed by the Seller or Group Companies
on the Closing Date, including the assumption of certain liabilities of Seller set forth on Schedule 1 (the “Assumed
Liabilities”).

Section
1.2 Closing. The closing of the sale and purchase of the Equity Interests
(the “Closing”) shall take place remotely by electronic transmission on the date hereof, or such other time and place
as mutually agreed upon between the parties. All Contemplated Transactions to occur at the Closing shall be deemed to have occurred simultaneously
at the Effective Time. The actual date and time of the Closing is referred to herein as the “Closing Date.”

At
the Closing:

(a) Seller
shall deliver to Buyer such original stock transfers, stock certificates (or local legal equivalent) or other documents necessary to
give effect to the transfer of the Equity Interests by Seller in form reasonably acceptable to Buyer, (the “Stock Powers”);

(b)  Seller
shall deliver to Buyer a duly executed original IRS Form W-9, which pursuant to Treasury Regulations Section 1.1445-2(b)(2)(v) will constitute
a certificate of non-foreign status for purposes of Treasury Regulations Section 1.1445-2(b)(2)(i), in form and substance reasonably
satisfactory to Buyer;

(c)   Seller
shall deliver to Buyer duly executed resignations, effective as of the Closing, in form and substance reasonably satisfactory to Buyer,
of each officer and director of the Group Companies that Buyer has requested to resign (if any) by providing notice of the same in writing
to the Seller at least two (2) Business Days prior to the Closing;

(d)   Seller
shall deliver to Buyer, if and to the extent not already in the possession of the Group Companies, any original books and records of
each of the Group Companies;

(e) Buyer
shall deliver to the Seller a book-entry statement from its transfer agent for the Equity Consideration;

(f) Buyer
shall deliver to the Seller a duly executed Warrant;

(g)
 Buyer shall deliver to Seller a fully executed Liabilities Assumption Agreement covering the
Assumed Liabilities in the form attached hereto as Exhibit B (the “Assumption Agreement”);

(h)   each
of Seller and Buyer shall execute and deliver to the other party all such other documents and instruments as such party is required to
execute and deliver in connection with the Closing pursuant to this Agreement or as may be reasonably necessary to consummate the Contemplated
Transactions.

    	 	2	 

     

    

ARTICLE
2

Representations and Warranties of Seller

Except
as set forth in the applicable section or subsection of the Disclosure Schedule (provided, however, that any information set forth in
a section, subsection or sub-clause of the Disclosure Schedule shall be deemed to be disclosed for purposes of, and shall qualify, the
corresponding section, or subsection of this Agreement and any other section or subsection of this Agreement, where it is reasonably
apparent on the face of such disclosure that such information applies to such other section or subsection), Seller represents and warrants
to Buyer, as of the date hereof and as of the Closing Date, as follows:

Section
2.1  Corporate Status.

(a)   Each
of the Seller and the Group Companies has been duly organized, is validly existing and in good standing under the Laws of its jurisdiction
of organization and has all necessary corporate or other applicable entity power, as the case may be, and authority to own or lease its
properties and to conduct the Business as it is now being conducted. Each of the Group Companies is duly qualified to do business as
a corporation and is in good standing in each jurisdiction in which the nature or conduct of the Business or the properties owned, leased
or operated by it makes such qualification necessary, except for failures to be so qualified or in good standing that would not reasonably
be expected to have a Material Adverse Effect.

(b)   Seller
has made available to Buyer complete copies of the Organizational Documents of each of the Group Companies as currently in effect, and
no Group Company is in violation of any provision of such Organizational Documents.

Section
2.2  Corporate Authorization.

(a)   Seller
has all requisite corporate power and authority to sell, grant, convey, transfer, deliver and assign the Equity Interests to Buyer as
contemplated by this Agreement, execute and deliver this Agreement, to perform its obligations hereunder and thereunder and to consummate
the Contemplated Transactions. The execution and delivery of this Agreement, the performance of Seller’s obligations hereunder
and thereunder and the consummation of the Contemplated Transactions hereby and thereby have been duly authorized by all requisite corporate
action or other applicable legal entity action of Seller, and, upon such authorization, no other corporate or shareholder proceedings
or actions are necessary to authorize and consummate this Agreement or the Contemplated Transactions. Seller has duly executed and delivered
this Agreement. Assuming due authorization, execution and delivery by Buyer, this Agreement constitutes the legal, valid and binding
obligation of Seller enforceable against Seller in accordance with its terms, except as enforceability may be limited by the Remedies
Exception.

(b)   The
execution and delivery of this Agreement by Seller, the performance of its obligations hereunder and thereunder, and the consummation
of the Contemplated Transactions, require no action by or in respect of, filing with or other Consent of, any Governmental Authority
and/or any Person.

Section
2.3  Non-Contravention. The execution and delivery of this Agreement by Seller
and the performance of its obligations hereunder and thereunder do not and will not (a) contravene, violate, conflict with or breach,
or require any Consent under, any provision of the Organizational Documents of Seller or any of the Group Companies, (b) contravene,
conflict with, violate, result in any violation or breach of, or require any Consent, waiver or approval under, any Order against or
binding upon Seller, the Group Companies or with respect to the Business; (c) contravene, conflict with, violate, result in any violation
or breach of, or require any Consent under, any Law applicable to Seller with respect to the Business, the Group Companies or to which
any of the assets of the Business are subject; (d) require any Consent from or result in a breach of, constitute a default under, or
result in the termination, cancellation, acceleration or modification (whether after the filing of notice, lapse of time or both) of,
any Material Contract or Permit or (e) result in the creation or imposition of any Lien other than Permitted Liens on any assets of the
Group Companies and/or the Business, other than, in the case of foregoing clause (b), (c), (d) or (e), conflicts, violations, breaches,
defaults, terminations, cancellations, modifications, accelerations, losses or Liens that would not, individually or in the aggregate,
reasonably be expected to be materially adverse to the Group Companies, taken as a whole, or materially impair the ability of Seller
to consummate the Contemplated Transactions.

    	 	3	 

     

    

Section
2.4  Capitalization; Title to Equity Interests.

(a)   All
of the issued and outstanding Equity Interests of each of the Group Companies have been duly authorized, validly issued, are fully paid
and nonassessable (with respect to jurisdictions that recognize such concept) and have not been issued in violation of any preemptive
or similar rights. The Equity Interests are the only Equity Securities of each Group Company issued and outstanding.  Except as
set forth in Section 2.4(a), Seller owns good and valid marketable title to all of the Equity Interests of the Group Companies,
in each case beneficially and of record, free and clear of any Lien. There are no limitations or restrictions on any of Seller’s
right to transfer such Equity Interests of the Group Companies. Upon delivery of and payment for the Equity Interests at the Closing,
Buyer will acquire good and valid marketable title to all of such Equity Interests, free and clear of any Lien.

(b)   Section
2.4(b) of the Disclosure Schedule sets forth, the jurisdiction of incorporation, formation or organization, the total number of authorized,
issued and outstanding Equity Securities of each of the Group Companies (including the Equity Interests), and the record and beneficial
holders of such Equity Interests, and there are no other authorized, issued or outstanding Equity Securities of any of the Group Companies.
None of the Group Companies own any Equity Securities (including any securities exercisable or exchangeable for or convertible into Equity
Securities) in any other Person.

(c)   Except
as set forth in Section 2.4(c) of the Disclosure Schedule, with respect to each of the Group Companies, there are no outstanding
(i) Equity Securities in such Group Company, (ii) securities of such Group Company convertible into or exercisable or exchangeable for
Equity Securities in such Group Company or evidencing the right to purchase any of the Equity Securities of any of the Group Companies,
(iii) options or other rights or agreements, commitments or understandings of any kind to acquire from such Group Company, or other obligation
of Seller or such Group Company to issue, transfer or sell, any Equity Securities in such Group Company or securities convertible into
or exercisable or exchangeable Equity Securities in such Group Company, (iv) voting trusts, proxies or other similar agreements or understandings
to which Seller or such Group Company is a party or by which Seller or such Group Company is bound with respect to the voting of any
voting or equity interests in such Group Company, or (v) contractual obligations or commitments of any character restricting the transfer
of, or requiring the registration for sale of, any Equity Securities in such Group Company.

    	 	4	 

     

    

Section
2.5  Financial Statements.

(a)   Set
forth in Section 2.5(a) of the Disclosure Schedule are the following financial statements (collectively, the “Financial
Statements”):

(i) the
unaudited consolidated balance sheet, unaudited consolidated income statement, and unaudited cashflow statement of the Seller and TMG
California as of December 31, 2021 and December 31, 2020; and the unaudited balance sheet, unaudited income statement, and unaudited
cashflow statement of TMG Thailand as of December 31, 2021 and December 31, 2020;

(ii) the
unaudited consolidated statement of income of the Seller and TMG California for the twelve (12)-month period ending on May 31, 2022;
and the unaudited statement of income of TMG Thailand for the twelve (12)-month period ending on May 31, 2022; and

(iii) the
unaudited consolidated balance sheet of the Seller and TMG California as of May 31, 2022; and the unaudited balance sheet of TMG Thailand
as of May 31, 2022 (the “Recent Balance Sheets”).   

(b)   The
balance sheets included in the Financial Statements fairly present in all material respects the financial position of the Group Companies
as of its date, and the statements of income and cashflow included in the Financial Statements fairly present in all material respects
the financial condition and results of operations of the Group Companies for the period set forth therein, in each case, in accordance
with the accounting policies of the Group Companies and with GAAP, consistently applied during the periods involved, except (i) for normal
quarter-end and year-end audit adjustments, and (ii) that the Financial Statements do not contain footnote disclosures required by GAAP.

(c)   As
of the date hereof, other than as set forth in Section 2.5(c) of the Disclosure Schedule, the Group Companies do not have material
Liabilities required to be reflected in the Recent Balance Sheet under GAAP, except (i) Liabilities reflected on the Financial Statements,
(ii) Liabilities incurred in the ordinary course of the Business since March 31, 2022, none of which are or would reasonably be expected
to be material, individually or in the aggregate, to the Group Companies, taken as a whole, (iii) Liabilities incurred in connection
with the Contemplated Transactions and (iv) liabilities that can be determined by the terms and conditions expressly set forth on the
face of the Material Contracts that have been made available to Buyer. Attached to Section 2.5(c) of the Disclosure Schedule are Seller’s
good faith estimate of the Liabilities of the Group Companies as of Closing (the “Liability Schedule”), including
a $20,000 reserve for items that are either not on the Liability Schedule or greater than the amount listed on the Liability Schedule
(the “Reserve”). No later than 90 days following the Closing, Parent shall deliver a statement to Seller setting forth
amounts paid to satisfy Group Companies Liabilities incurred prior to Closing from the Reserve (the “Closing Statement”)
and shall cause to be paid to Seller the Reserve less any payments validly made from the Reserve per the Closing Statement.

(d)   The
accounts receivable of the Group Companies recorded in the Recent Balance Sheet have arisen from bona fide transactions entered into
in the ordinary course of business. No Person has any Lien, other than a Permitted Lien, on any accounts receivable of the Business.
The accounts receivable of the Group Companies are not subject to any material valid claim of offset, recoupment, set off or counterclaim.
Since the date of the Recent Balance Sheet, the accounts receivable of the Group Companies have been collected in the ordinary course
of business consistent with past practice.

    	 	5	 

     

    

Section
2.6  Absence of Certain Changes. Since the date of the Recent Balance Sheet
through the date of this Agreement, except as contemplated by this Agreement, (a) the business of the Group Companies has been conducted
in the ordinary course consistent with past practice in all material respects and (b) there has not been a Material Adverse Effect.

Section
2.7  Material Contracts.

(a)   Section
2.7(a) of the Disclosure Schedule sets forth, as of the date of this Agreement, a list of each Contract (other than completed purchase
orders entered into in the ordinary course of business) of the Group Companies, that is of the type set forth below (each, a “Material
Contract”):

(i)   a
Contract (or group of related Contracts with respect to a single transaction or series of related transactions) that involves future
payments or, performance or services to or by any Group Company reasonably expected to exceed $25,000 in any twelve-month period;

(ii)   a
Contract that is a joint venture agreement, partnership agreement, or for the sharing of profits or losses by the Group Companies and
a third party;

(iii)   a
Contract that contains any (A) “most favored nation” pricing or similar rights in favor of any Person, (B) provision expressly
requiring any Group Companies to purchase goods or services exclusively from another Person, (C) express restriction on the ability of
any Group Companies to compete in any line of business or with any Person or to provide services generally or in any market segment or
any geographic area, or (D) restriction on the ability of any Group Companies to solicit or hire any Person (including any employees,
customers or vendors) other than such restrictions set forth in confidentiality or non-disclosure agreements entered into in the ordinary
course of business;

(iv)   a
Contract (A) granting an option to acquire, sell, lease or license any material asset of any Group Companies other than non-exclusive
licenses granted to customers, distributors, resellers or sales representatives in the ordinary course of business, or (B) granting any
right of first offer, right of first refusal or right of first negotiation in respect of any asset of any Group Companies;

(v)   a
Contract pursuant to which any Group Companies is committed to make future capital expenditures in excess of $25,000 in the aggregate
that are not subject to reimbursement by the counterparty under a Contract;

(vi)   a
Contract relating to (A) the disposition (whether by merger or sale or purchase of stock, assets or otherwise) of any material assets
of, or any Equity Securities in, any Group Companies or (B) the acquisition (whether by merger or sale or purchase of stock, assets or
otherwise) by any Group Companies of any material assets of, or any Equity Securities in, any Person (in each case, other than sales
of products and services in the ordinary course of business consistent with past practice); and

(vii)  a
Contract pursuant to which rights in any material Intellectual Property Rights are granted, whether by any Group Companies to any other
Person or by any other Person to any Group Companies, including license agreements, coexistence agreements and covenants not to sue,
but excluding any (A) “off-the-shelf” Software that is readily available pursuant to a commercial license agreement, (B)
non-exclusive licenses granted to customers, distributors, resellers or sales representatives in the ordinary course of business, (C)
open-source licenses, and (D) assignments of Intellectual Property Rights from employees or independent contractors to any Group Company
in the ordinary course of business.

(b)   Except
as set forth on Section 2.7(b) of the Disclosure Schedule, (i) each Material Contract is in full force and effect and is a legal,
valid and binding obligation of, and is enforceable against, the Group Companies as applicable, in accordance with its terms, and, to
the Knowledge of Seller, is a legal, valid and binding obligation of, and is enforceable against, the other parties thereto in accordance
with its terms, in each case as such enforcement may be limited by the Remedies Exception; (ii) as to each Material Contract, there does
not exist thereunder any material breach or default on the part of any Group Companies or, to the Knowledge of Seller, any other party
to any Material Contract, and there does not exist, to Seller’s Knowledge, any event, occurrence or condition, which (after notice,
passage of time or both) would constitute or give rise to any such breach or default thereunder; and (iii) none of Seller or any of its
Affiliates (including any of the Group Companies) has received any written or, to the Knowledge of Seller, threatened notice of termination,
cancellation or non-renewal that is currently in effect with respect to any Material Contract.

(c)   Seller
has made available to Buyer a true, correct and complete copy of each Material Contract (and, in the event of any Material Contract that
is not written, a summary of the material terms thereof).

    	 	6	 

     

    

Section
2.8  Assets.

(a)   One
or more of the Group Companies owns and has good, valid and marketable title to, or has a valid leasehold interest in, as applicable,
all of the tangible personal property included within the Business, free and clear of all Liens, except for Permitted Liens. Except for
obsolete equipment, the material tangible personal property (whether owned or leased) owned or leased by the Group Companies have no
material defects and are in good operating condition and repair for comparable assets in the industry, ordinary wear and tear excepted.

(b) The
assets of the Group Companies, taken as a whole, constitute all of the assets, rights, and properties necessary for the conduct of the
Business by the Group Companies immediately following the Closing in substantially the same manner as conducted by the Group Companies
on the date hereof.

Section
2.9  Intellectual Property; Information Technology.

(a)   Section
2.9(a) of the Disclosure Schedule sets forth a true, complete and correct list for the Group Companies of (i) all applications and
registrations included in the Business IP Assets (including (A) for each Trademark registration or application, the owner, the country,
registration number and issue date, or if not registered, the country, application serial number and application date, (B) for each Copyright
registration, the owner, the number and country in which such copyright has been registered, and (C) for each Domain Name, the owner
and the expiration date (collectively, the “Listed Intellectual Property”)). All Listed Intellectual Property is subsisting
and, to Seller’s Knowledge, valid and enforceable. No proceedings are pending, or since June 30, 2017 have been threatened in writing
against any of the Group Companies, that challenge the validity or ownership of any Listed Intellectual Property.

(b)   Each
of the applicable Group Companies owns, beneficially and, as applicable, of record, each item of Listed Intellectual Property free and
clear of any Liens (excluding Permitted Liens). To Seller’s Knowledge, each of the applicable Group Companies owns or has valid
licenses or other rights to use all other material Intellectual Property Rights used in the Business by the Seller or Group Companies
as conducted as of the date of this Agreement.

(c)   Except
as set forth in Section 2.9(c) of the Disclosure Schedule, (i) none of Seller nor its Affiliates, including any of the Group Companies,
has received any written notice since June 30, 2017 that a Group Company has infringed upon, misappropriated or otherwise violated any
Intellectual Property Rights of any third party in the conduct of the Business; and (ii) none of Seller nor its Affiliates, including
any of the Group Companies, has sent any written notice in the two (2) years prior to the date hereof to any third party alleging that
such third party has infringed upon, misappropriated or otherwise violated any Business IP Assets. To Seller’s Knowledge, the conduct
of the Business does not, and since June 30, 2017 has not, infringed upon, misappropriated or otherwise violated any Intellectual Property
Rights of any third party in any material respect. To Seller’s Knowledge, no third party is infringing, misappropriating or otherwise
violating any Business IP Assets in any material respect.

(d)   The
Group Companies take and have taken commercially reasonable measures to protect the secrecy and confidentiality of all Trade Secrets
included in the Business IP Assets.

(e)   All
material Business IP Assets were developed by employees or independent contractors of the Group Companies, acting within the scope of
their employment or engagement, and all such employees and independent contractors have assigned to the Group Companies, as applicable,
all right, title and interest in and to all such Business IP Assets.

(f)   No
Group Company Software has been distributed or used by Seller or its Affiliates, including the Group Companies, in conjunction with any
Open Source Software in a manner that would be reasonably expected to require that any Group Company Software be disclosed or distributed
in source code form, made available at no charge or otherwise licensed to third parties.

    	 	7	 

     

    

Section
2.10  Litigation.  Except as set forth in Section 2.10 of the Disclosure Schedule,
there is no Action pending or, to the Knowledge of Seller, threatened in writing, against Seller or the Group Companies that (a) involves
the Group Companies or any of the assets owned or used by the Group Companies; or (b) has had or would reasonably be expected to have,
individually or in the aggregate, a material adverse effect on the ability of Seller or the Group Companies to consummate the Contemplated
Transactions. Except as set forth in Section 2.10 of the Disclosure Schedule, to the Knowledge of Seller, there is no Action threatened
against any of Seller or the Group Companies that seeks to prevent, enjoin or materially delay or alter the consummation of the Contemplated
Transactions. Except as set forth in Section 2.10, none of Seller or the Group Companies is subject to any Order that (i) has
been or would reasonably be expected to be, individually or in the aggregate, material (whether beneficial or detrimental) to the Business
or the Group Companies or, to the extent relating to the Business, Seller or (ii) has had or would reasonably be expected to have, individually
or in the aggregate, a material adverse effect on the ability of Seller or the Group Companies to consummate the Contemplated Transactions.

    	 	8	 

     

    

Section
2.11  Compliance with Laws. To the Knowledge of Seller, none of the Group Companies is in
material violation or default under any applicable Law. Since June 30, 2017 to the date hereof, (i) the Group Companies have not received
any communication in writing or, to the Knowledge of Seller, orally from any Governmental Authority or any other Person (including internal
whistleblowers) of any actual or alleged material violation, breach or noncompliance with any applicable Laws; and (ii) no Action has
been filed or commenced or, to the Knowledge of the Seller, threatened, against any Group Companies or, with respect to the Business,
the Seller or any of its other Affiliates, alleging any violation of or failure to comply with any applicable Laws, except, in each case,
for violations that have been cured or are no longer being asserted.

Section
2.12  Government Authorizations. Section 2.12 of the Disclosure Schedule lists (i)
all material Governmental Authorizations that are held by each of the Group Companies and (ii) all other material Governmental Authorizations
that are held by Seller or its other Affiliates necessary for the conduct of the Business in substantially the same manner as conducted
as of the date hereof and for the one (1)-year period prior to the Closing. All such Governmental Authorizations are in full force and
effect and the Group Companies are in compliance in all material respects with such Governmental Authorizations. Since June 30, 2017,
none of the Group Companies have received any written or, to the Knowledge of Seller, oral notice from any Governmental Authority of
an Action instituted or threatened against the Business or any such holder to revoke, terminate, suspend or adversely modify or limit
any such Governmental Authorizations. The Group Companies, as applicable, have obtained or applied for, and are in compliance in all
material respects with, all Governmental Authorizations that are required by any Governmental Authority to conduct the Business as conducted
as of the date hereof and as of the one (1)-year period prior to the Closing.

Section
2.13  Employee Matters.

(a) The
Group Companies are in material compliance with all applicable Laws respecting employment and employment practices, including, without
limitation, all Laws respecting terms and conditions of employment, health and safety, wages and hours, child labor, immigration, employment
discrimination, disability rights or benefits, equal opportunity, plant closures and layoffs, affirmative action, workers’ compensation,
labor relations, employee leave issues and unemployment insurance. This includes compliance in all material respects with all applicable
Laws respecting worker classification, including (i) such Laws relating to the classification of workers as independent contractors and
(ii) such Laws relating to the classification of the employees as exempt or non-exempt.

(b)   To
the Knowledge of Seller, no Group Company employee is in any respect in violation of any term of any employment agreement, nondisclosure
agreement, common law nondisclosure obligation, fiduciary duty, non-competition agreement, restrictive covenant or other obligation (i)
to the Group Companies or (ii) to a former employer of any such employee relating (A) to the right of any such employee to be employed
by the Group Companies or (B) to the knowledge or use of trade secrets or proprietary information for the benefit of the Group Companies.

(c)   None
of the Group Companies is party to a settlement agreement with a current or former officer, employee or independent contractor of the
Group Companies that involves allegations relating to sexual harassment, discrimination, retaliation or sexual misconduct by either (i)
an officer of the Group Companies or (ii) an employee of the Group Companies at the level of Vice President or above. To the Knowledge
of the Seller, in the last four (4) years, no allegations of sexual harassment, discrimination, retaliation or sexual misconduct have
been made against (A) any officer of the Group Companies or (B) an employee of the Group Companies at the level of Vice President or
above.

(d)   Each
of the Group Companies are not delinquent in payments to any employees or former employees for any services or amounts required to be
reimbursed or otherwise paid.

    	 	9	 

     

    

Section
2.14  Employee Benefit Plans. Each material Benefit Plan that
is sponsored or maintained by or behalf of any Group Companies is not a benefit plan, arrangement or obligation that is required by Law
to be maintained without discretion as to the level of benefits (such plans, collectively, the “Seller’s Benefit Plans”).

Section
2.15  Tax Matters.

(a)   All
income and other material Tax Returns of the Group Companies or otherwise relating to the Business have been filed (except those under
valid extensions), have been prepared in substantial compliance with applicable Tax Law, and are true, correct and complete in all material
respects. All income and other material Taxes of the Group Companies or otherwise relating to the Business (whether or not shown as due
on a Tax Return) have been paid in full.

(b)   The
Group Companies have established accruals on the Financial Statements to satisfy all Liabilities for material Taxes in respect of each
period covered by such Financial Statements and all prior periods to the extent those Taxes have not been paid, whether or not assessed
and whether or not shown to be due on any Tax Return in accordance with GAAP through the Closing Date.

(c)   There
are no Liens with respect to Taxes (other than Permitted Liens) upon the assets or properties of the Group Companies.

(d)   The
Seller has delivered to Buyer or made available to the Buyer for inspection (i) complete, true and correct copies of all income and other
material Tax Returns (which Tax Returns are complete, true and correct in all material respects) of the Group Companies relating to Taxes
for all taxable periods ending on or after December 31, 2017, (ii) complete, true and correct copies of all private letter rulings in
respect of the Group Companies, and (iii) complete, true and correct copies of all material (and currently effective, unresolved or pending,
as the case may be) revenue agent reports, notices of proposed deficiencies, deficiency notices, protests, petitions, closing agreements,
settlement agreements, ruling requests, and any similar documents or communications, submitted by, received by or agreed to by or on
behalf of the Group Companies, or, to the extent related to the income, business, assets, operations, activities or status of the Group
Companies and relating to all Taxes for all taxable periods ending on or after December 31, 2017, in each case, except to the extent
that any of the foregoing relates to the Seller’s Affiliated Group (including any Affiliated Group Tax Returns).

(e)   None
of the Group Companies (and no Person with respect to the Group Companies) has waived or extended any statute of limitations in respect
of Taxes or has agreed to any extension of time with respect to any Tax assessment or deficiency, which period has not yet expired, in
each case other than pursuant to automatic extensions of the due date for filing a Tax Return obtained in the ordinary course of business.

(f)   Each
of the Group Companies is in compliance in all material respects with all applicable information reporting and Tax withholding requirements
under U.S. federal, state, local and non-U.S. Tax Laws.

(g)   There
is no audit, examination, claim, investigation, assessment or other proceeding ongoing, proposed, asserted or, to the Knowledge of Seller,
threatened in writing against or with respect to any of the Group Companies or otherwise relating to the Business by any Taxing Authority
in respect of any Tax or Tax Return, and, to the Knowledge of Seller, no Taxing Authority has indicated in writing an intent to investigate,
commence or open such an audit, examination, claim, investigation, assessment or other proceeding with respect to any of the Group Companies
or otherwise relating to the Business.

(h)   No
written claim has been received by any of the Group Companies from a Taxing Authority in a jurisdiction where Tax Returns are not filed
or Taxes are not paid by any of the Group Companies or otherwise relating to the Business that such a Tax Return is required to be filed
or such Taxes are required to be paid. None of the Group Companies has ever had a permanent establishment (within the meaning of an applicable
income Tax treaty), office or fixed place of business in any country other than the country in which it is organized and resident.

(i)   No
Group Company is currently the beneficiary of any Tax exemption, Tax holiday or other Tax reduction agreement or order granted by a Governmental
Authority and not generally available to any Person without specific application therefor.

(j)   The
Equity Interests are the only equity interests in the Group Companies for Tax purposes.

(k)   No
private letter rulings or technical advice memoranda or similar rulings or agreements related to Taxes have been entered into, issued
by or requested from any Taxing Authority with respect to any of the Group Companies and no closing agreements have been entered into
between any of the Group Companies, on the one hand, and any Taxing Authority, on the other hand.

(l) This
Section 2.15 constitutes the exclusive representations and warranties of the Seller or the Group Companies with respect to Taxes and
any claim for breach of representation with respect to Taxes shall be based solely on the representations made in this Section 2.15 and
shall not be based on the representations set forth in any other provision of this Agreement. The representations in this Section 2.15
refer only to the past activities of the Group Companies and are not intended to serve as representations to, or as a guarantee of, nor
can they be relied upon for, or with respect to, Taxes attributable to any Tax periods (or portions thereof) beginning, or Tax positions
taken, after the Closing Date. Notwithstanding anything to the contrary in this Agreement, the Seller makes no representations as to
the amount of, or limitations on the use after the Closing Date of, any net operating losses, capital losses, deductions, Tax credits
and other similar items of Seller or the Group Companies.

    	 	10	 

     

    

Section
2.16  Insurance. Section 2.16 of the Disclosure Schedule contains a
complete and correct list of all material insurance policies maintained as of the date of this Agreement by or on behalf of the Group
Companies relating to the Business, complete and correct copies of which have been made available to Buyer. (a) All such policies are
in full force and effect; (b) the limits of each such policy remain fully available, without any exhaustion or erosion; (c) no written
notice of default or cancellation has been received by the Group Companies with respect to any such policy; (d) all premium due and payable
under any such policy has been paid in full; (e) the Group Companies are in compliance in all material respects with all of their obligations
under each such policy; and (f) no written disclaimer, denial, disallowance of or reservation of rights letter with respect to any material
claim relating to the Business under any such policy has been received by Seller or its Affiliates; and (g) to the Seller’s Knowledge,
there are no material claims, accidents, exposures, occurrences, acts, omissions, circumstances or disputes relating to the Business
and the Group Companies and covered by any such policy that Seller or its Affiliates has failed to properly and timely notice, report
or tender for coverage under any such policy.

Section
2.17  Transactions with Affiliates. No Related Party is a party to any Contract
or material transaction with any Group Companies other than (a) for payment for services rendered, (b) reimbursement of customary and
reasonable expenses incurred on behalf of the Group Companies, (c) benefits due under Seller Benefit Plans and fringe benefits and (d)
indemnification agreements with the Group Companies’ directors and officers.

Section
2.18  Finders’ Fees. There is no investment banker, broker, finder or
other intermediary retained by or authorized to act on behalf of Seller or the Group Companies who might be entitled to any fee or commission
from Buyer or any of its Affiliates (including, after the Closing, the Group Companies) in connection with this Agreement and/or the
Contemplated Transactions.

Section
2.19  Anti-Corruption. Since June 30, 2017, none of the Group Companies or,
to the Knowledge of Seller, their respective directors, officers, employees, or, to the Knowledge of Seller, any third party authorized
to act on behalf of any Group Companies, has directly or indirectly (i) used any funds for unlawful contributions, gifts, gratuities,
entertainment or unlawful expenses related to political activity; (ii) made any unlawful payment or offered, promised or authorized the
provision of anything of value, to any foreign or domestic government officials (including employees of state-owned enterprises) or employees
of any foreign or domestic political parties for the purpose of influencing any act or decision of such official or of the government
to obtain or retain business or direct business to any Person in violation of applicable Law; (iii) made or offered any other payment
in violation of applicable Law to any official of any Governmental Authority, including but not limited to, bribes, gratuities, kickbacks,
lobbying expenditures, political contributions or contingent fee or commission payments; or (iv) otherwise taken any action which would
cause any Group Companies to be in violation of the U.S. Foreign Corrupt Practices Act of 1977, as amended or any applicable Law of similar
effect, including any domestic or foreign laws that relate to commercial bribery.

    	 	11	 

     

    

Section
2.20  Investment Purpose. With respect to the Equity Consideration. Seller (either alone or together with its advisors)
has sufficient knowledge and experience in financial and business matters so as to be capable of evaluating the merits and risks of the
Equity Consideration. Seller has conducted its own independent review and analysis of, and, based thereon, has formed an independent
judgment concerning, the business, financial condition and operations of the Buyer, and to the Knowledge of Seller, has been furnished
with or given access to such documents and information about the Buyer and their operations. Seller acknowledges that the Equity Consideration
is not registered under the Securities Act, or any state securities laws, and that the Equity Consideration may not be transferred or
sold except pursuant to the registration provisions of the Securities Act or pursuant to an applicable exemption therefrom and subject
to state securities laws and regulations, as applicable.

Section
2.21  No Other Representations and Warranties. Except for the representations
and warranties contained in this Article 2 (as modified by the related portions of the Disclosure Schedule) and/or specifically set forth
in this Agreement, none of Seller, any Group Company or any other Person has made or makes any other express or implied representation
or warranty, either written or oral, on behalf of Seller or any of the Group Companies, including any representation or warranty as to
the accuracy or completeness of any information regarding the Group Companies furnished or made available to Buyer and its representatives
or as to the future revenue, profitability or success of the Group Companies, or any representation or warranty arising from statute
or otherwise in Law.

ARTICLE
3

Representations and Warranties of Buyer and Parent

Parent
and Buyer represents and warrants to Seller, as of the date hereof and as of the Closing Date, as follows:

Section
3.1  Corporate Status. Parent and Buyer are both corporations duly organized, validly
existing and in good standing under the laws of the State of Nevada. Parent and Buyer are duly qualified to do business as a corporation
and are in good standing in each jurisdiction in which the nature of its business or the properties owned, leased or operated by it makes
such qualification necessary, except for failures to be so qualified or in good standing that would not, individually or in the aggregate,
be material.

    	 	12	 

     

    

Section
3.2  Corporate and Governmental Authorization.

(a)   The
Parent and Buyer each have all requisite corporate power and authority to execute and deliver this Agreement, to perform their obligations
hereunder and thereunder and to consummate the Contemplated Transactions and thereby. The execution and delivery of this Agreement by
Parent and Buyer and the performance of their obligations hereunder and thereunder have been duly authorized by all requisite corporate
action of Parent and Buyer. No vote or other action of the stockholders of Parent is required by applicable Law, the certificate of incorporation
or bylaws (or similar charter or organizational documents) of Parent or otherwise in order for Parent to consummate the Contemplated
Transactions. Parent and Buyer each have duly executed and delivered this Agreement. Assuming due authorization, execution and delivery
by Seller, this Agreement constitutes the legal, valid and binding obligation of Parent and Buyer, enforceable against Parent and Buyer
in accordance with its respective terms, except as enforceability may be limited by the Remedies Exception.

(b)   Except
as set forth on Section 3.2(b), the execution and delivery of this Agreement by Parent and Buyer and the performance of its obligations
hereunder and thereunder require no action by or in respect of, or filing with, any Governmental Authority, other than compliance with
any applicable requirements of the U.S. Securities Act of 1933, as amended (the “Securities Act”), the U.S. Securities
Exchange Act of 1934, as amended (the “Exchange Act”), and any other applicable securities Laws, which Parent and
Buyer have materially complied with.

Section
3.3  Non-Contravention. The execution and delivery of this Agreement by Parent
and Buyer and the performance of their obligations hereunder and thereunder do not and will not (i) contravene, violate, conflict with
or result in any violation or breach of or require any Consent under any provision of any of the Organizational Documents of Parent or
Buyer, (ii) contravene, conflict with, violate or result in any violation or breach of, or require any Consent under, any provision of
any applicable Law binding on Buyer or Parent, or (iii), except as set forth on Schedule 3.3 of the Disclosure Schedule, require
any Consent or other action by any Person under any provision of any material Contract to which Parent and Buyer are a party, which Consent
or other action remains outstanding on the date of this Agreement.

Section
3.4 SEC Reports. Through the date hereof, the Parent has filed all forms, reports and documents with the U.S. Securities and
Exchange Commission (the “SEC”) required to be filed by it (“SEC Reports”) and will file all such
SEC Reports required to be filed subsequent to the date hereof. The Parent has made available to Seller true and complete copies of the
SEC Reports. Such SEC Reports, at the time filed, complied in all material respects with the requirements of the federal and state securities
laws and the rules and regulations of the SEC thereunder applicable to such SEC Reports. None of the SEC Reports, including without limitation,
any financial statements or schedules included therein, contains any untrue statement of a material fact or omits to state a material
fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading.

Section
3.5  Equity Interests. The Parent Stock is currently listed on the Nasdaq Capital Market.
Parent has not received any written deficiency notice from the Nasdaq Capital Market related to the continued listing requirements of
the Parent Stock, there are no legal proceedings pending, or to the Knowledge of Parent, threatened against Parent by the Financial Industry
Regulatory Authority or any other Person with respect to the continued listing of the Parent Stock on the Nasdaq Capital Market, including
any intention by such entity to suspend, prohibit or terminate the quoting of such Equity Securities on the Nasdaq Capital Market. The
Parent Stock is in compliance with all of the applicable listing and corporate governance rules and regulations of the Nasdaq Capital
Market and the SEC.

    	 	13	 

     

    

Section
3.6  Equity Consideration. The Equity Consideration and the Warrant to be issued and delivered
to Seller pursuant to this Agreement have been duly authorized and upon issuance shall be validly issued, fully paid and nonassessable
and issued in compliance with all applicable federal and state securities laws. Seller will acquire good and valid marketable title to
all of the Equity Consideration and the Warrant, free and clear of any Lien. The issuance and sale of Equity Consideration and Warrant
pursuant to this Agreement will not be subject to or give rise to any preemptive rights or rights of first refusal. The Equity Consideration
will be freely transferable by Seller pursuant to Rule 144 of the Securities Act, subject to a six-month holding period by Seller following
the Closing.

Section
3.7  Legal Proceedings. There are no actions, suits, claims, investigations
or other legal proceedings pending or, to Parent’s Knowledge or Buyer’s Knowledge, threatened against Buyer or any of its
Affiliates that challenge or seek to prevent, enjoin or otherwise delay the Contemplated Transactions.

Section
3.8  Finders’ Fees. There is no investment banker, broker, finder or
other intermediary retained by or authorized to act on behalf of Parent or Buyer who might be entitled to any fee or commission from
Seller or any of its Affiliates upon consummation of the Contemplated Transactions.

ARTICLE
4

Reserved

ARTICLE
5

Covenants of the Parties

Section
5.1  Confidentiality; Non-Solicitation. (a) Parent and Seller and their respective controlled
Affiliates shall comply with all of its respective obligations under the Confidentiality Agreement which shall survive the termination
of this Agreement in accordance with the terms set forth therein.

(b) Seller
agrees that for the period commencing on the Closing Date and expiring on the eighteen-month anniversary of the Closing Date, neither
it nor any of its Affiliates will directly or indirectly (i) induce or solicit (or assist or encourage any other Person in inducing or
soliciting) for employment or any similar arrangement any Continuing Employee or (ii) hire (or assist or encourage any other Person in
hiring) any Continuing Employee; provided, however, that this Section 5.1(b) (A) shall not apply to any Continuing Employee who
has left the employment of Buyer or any of its Affiliates for more than three months and no activity otherwise prohibited by this Section
5.1(b) shall have occurred prior to such Continuing Employee’s departure, (B) shall not prohibit general solicitations for
employment through advertisements or other means not specifically directed toward any employees of Buyer or its Affiliates, (C) shall
not prohibit engaging any recruiting firm or similar organization to identify and solicit persons for employment on Seller’s or
its Affiliates’ behalf, so long as Seller and its Affiliates have not instructed or otherwise directed such recruiting firm or
organization to target, any of the Continuing Employees, and (D) the hiring of any Continuing Employee who has been terminated or otherwise
separated by Buyer or any of its Affiliates (it being understood that if any such Continuing Employee’s service is discontinued
by Buyer or its Affiliates, and not by the Continuing Employee, then Seller shall be permitted to hire such Continuing Employee and the
three month period in clause (A) shall not apply).

    	 	14	 

     

    

Section
5.2  Further Assurances. Following the Closing, each of Seller and Buyer shall,
and shall use commercially reasonable efforts to cause its respective Affiliates and its Affiliates’ representatives to, execute
and deliver such additional instruments, documents, conveyances or assurances and take such other actions as shall be necessary, or otherwise
reasonably be requested by Buyer or by Seller, as the case may be, to confirm and assure the rights and obligations provided for in this
Agreement and render effective the consummation of the Contemplated Transactions and thereby, or otherwise to carry out the intent and
purposes of this Agreement, in each case, at the sole cost and expense of the requesting party (unless otherwise specified herein).

Section
5.3  Publicity. Except (a) for a press release approved by the parties at the
entering into of this Agreement and at, prior to or after the Closing or (b) to the extent required, in the reasonable judgment of the
applicable party, by Law or Governmental Authorities (including disclosures advisable or required under the securities Laws or any listing
agreement covering publicly traded securities), neither Seller nor any of its Affiliates nor Buyer nor any of its Affiliates shall release,
generate or permit any press release or public announcement concerning this Agreement or the Contemplated Transactions without the prior
express written consent of the other party, which consent shall not be unreasonably withheld, delayed or conditioned. If disclosure is
required by applicable Law (including disclosures advisable or required under the securities Laws or any listing agreement covering publicly
traded securities), the party making the release or announcement shall, to the extent not prohibited by applicable Law, before making
such release or announcement, consult in advance with the other party, including providing a copy thereof to the other party prior to
such issuance, and make any changes in respect to the text thereof reasonably and promptly requested by such other party. No party shall
be required to provide notice to the other, obtain consent of the other or otherwise comply with this Section 5.3 to the extent
any information about this Agreement or the Contemplated Transactions contained in the proposed release or announcement is consistent
with information that has previously been made public without breach of the obligations under this Section 5.3 by the party proposing
to issue such release or announcement.

Section
5.4  Option to Purchase Additional Subsidiary. The Seller grants to the Buyer
an irrevocable option (the “Option”) to purchase the equity interests of TMG HK (the “TMG HK Equity Interests”)
for an aggregate purchase price of $1,000 (the “Exercise Price”). Such Option shall expire on the first anniversary
of the Closing Date (the “Expiration Date”). Buyer may execute the option by providing written notice to Seller on
or prior to the Expiration Date and following payment of the Exercise Price on or prior to the Expiration Date, Seller shall deliver
to Buyer a stock certificates (or local legal equivalent) representing the transfer of the TMG HK Equity Interests to Buyer.

    	 	15	 

     

    

Section
5.5  Parent Public Filings. From the date hereof until the earlier of (i) termination
of this Agreement or (ii) the expiration date of the Warrant, Parent will keep current and timely fill all of its SEC Documents and otherwise
comply in all material respects with applicable securities laws and shall use its commercially reasonable efforts to maintain the listing
of the Parent Stock on the Nasdaq Capital Market.

Section
5.6  Sales Team Expansion. In addition to necessary working capital requirements
for the Group Companies, Parent hereby covenants and agrees that it shall invest $250,000 into the Group Companies, advancing at least
$25,000 each calendar month until $250,000 is invested into the Group Companies, for the strict purpose of expanding the sales team in
Thailand, Vietnam and the United States.

ARTICLE
6

Tax Matters

Section
6.1  Cooperation on Tax Matters. The parties shall, and shall cause their respective
Affiliates to, cooperate fully, as and to the extent reasonably requested by any other party, in connection with the filing of Tax Returns
and any audit, litigation or other proceeding with respect to Taxes. Such cooperation shall include the retention and (upon the other
party’s request) the provision of records and information that are reasonably relevant to any such filing of Tax Returns, audit,
litigation or other proceeding and making employees available on a mutually convenient basis to provide additional information and explanation
of any material provided hereunder. The parties agree to retain or cause to be retained all books and records with respect to Tax matters
pertinent to the Group Companies relating to any Tax period beginning before the Closing Date until the expiration of the statute of
limitations of the respective Tax periods, and to abide by all record retention agreements entered into with any taxing authority.

Section
6.2  Tax Returns. Seller shall prepare, or cause to be prepared, all Tax Returns
for any affiliated, consolidated, combined or unitary groups of which any of the Group Companies are members along with Seller or any
of its Affiliates (other than the Group Companies) (the “Affiliated Group Tax Returns”). Buyer and the Group Companies
shall furnish Tax information to Seller for inclusion in Seller’s Affiliated Group Tax Returns for the period that includes the
Closing Date in accordance with the Seller’s past custom and practice. With regard to Tax Returns for the Group Companies other
than the Affiliated Group Tax Returns, (i) Seller shall prepare, or cause to be prepared, all Tax Returns for any Tax period ending on
or prior to the Closing Date (the “Pre-Closing Tax Returns”) and (ii) Buyer shall prepare, or cause to be prepared,
all Tax Returns for any Straddle Period (the “Straddle Period Tax Returns”). Except as required by applicable Tax
Law, any such Pre-Closing Tax Returns or Straddle Period Tax Returns shall be prepared consistent with the past practices of the Group
Companies. Not less than twenty (20) days prior to the due date of any Straddle Period Tax Return that is prepared pursuant to this Section
6.2, a copy of the Straddle Period Tax Return proposed to be filed shall be delivered to Seller for its review and approval (which
approval shall not be unreasonably withheld, conditioned or delayed).

    	 	16	 

     

    

Section
6.3  Allocation of Straddle Period Taxes and Other Conventions.

(a) To
the extent it is necessary for purposes of this Agreement to determine the allocation of Taxes between the pre-Closing and post-Closing
portions of a Straddle Period, (i) the amount of any Taxes based on or measured by income, receipts, payroll, or sales of the Group Companies
for the portion of the Straddle Period ending on and including the Closing Date will be determined based on an interim closing of the
books as of the close of business on the Closing Date, provided, however, that exemptions, allowances or deductions that are calculated
on an annual basis (including depreciation and amortization deductions) shall be allocated between the portion of the Straddle Period
ending on the Closing Date and the portion of the Straddle Period beginning the day after the Closing Date in proportion to the number
of days in each such period, and (ii) the amount of other Taxes of the Group Companies not described in the foregoing clause (i) for
the portion of the Straddle Period ending on and including the Closing Date will be deemed to be the amount of such Tax for the entire
Straddle Period multiplied by a fraction, the numerator of which is the number of days in the portion of the Straddle Period ending on
and including the Closing Date and the denominator of which is the number of days in such Straddle Period.

(b) Notwithstanding
anything to the contrary in this Agreement, Buyer and Seller agree that for purposes of the definitions of Pre-Closing Taxes, Taxes shall:
(i) exclude any Taxes (A) arising as a result of actions taken by Buyer on the Closing Date after the Closing outside of the ordinary
course of business of the Group Companies not expressly contemplated by this Agreement; (B) attributable to Tax periods (or portions
thereof) beginning after the Closing Date, or (C) due to the unavailability in any Tax period (or portion thereof) beginning after the
Closing Date of any net operating losses, credits or other Tax attribute from a Tax period (or portion thereof) ending on or prior to
the Closing Date, and (ii) be calculated by taking into account in taxable periods (or portion thereof) ending on or prior to the Closing
Date all available Transaction Deductions, Tax losses, Tax credits or other Tax Items that may offset taxable income or Tax under applicable
law, and all prepayments (including estimated payments) of Taxes with respect to such periods. The parties acknowledge and agree that,
unless requested by Seller, no election pursuant to Section 338 or Section 336 of the Code shall be made in connection with the transactions
contemplated by this Agreement. Buyer and Seller agree to report all transactions not in the ordinary course of business occurring on
the Closing Date after Buyer's purchase of the Equity Interests on Buyer's federal income Tax Return to the extent permitted by Treasury
Regulation Section 1.1502-76(b)(1)(ii)(B). At Seller’s request, Buyer shall cause any of Group Companies to make and/or join with
Seller in making any election if the making of such election does not have a material adverse impact on Buyer (or any of Group Companies)
for any Tax period beginning after the Closing Date.

Section
6.4  Tax Refunds. Seller shall be entitled to all Tax refunds and credits (and
any interest thereon) of the Group Companies relating to any Pre-Closing Tax Period, including the portion of a Straddle Period ending
on and including the Closing Date. Any such Tax refunds or credits received after the Closing by Buyer or any of its Affiliates (including
the Group Companies) shall be remitted by Buyer to Seller within five (5) Business Days of the receipt of such refund or credit.

    	 	17	 

     

    

Section
6.5  Post-Closing Actions. After the Closing, without the prior written consent
of Seller, Buyer shall not, and shall not permit any of its Affiliates (including the Group Companies) to, (i) file, re-file, amend or
otherwise modify any Tax Return of the Group Companies for any Pre-Closing Tax Period, (ii) make or change any Tax election or change
any method of accounting that has effect on any Tax Return of the Group Companies for a Pre-Closing Period, (iii) agree to extend or
waive the statute of limitations with respect to Taxes of the Group Companies for a Pre-Closing Tax Period, (iv) initiate discussions
or examinations with any Tax authority (including any voluntary disclosures) regarding Taxes of the Group Companies with respect to any
Pre-Closing Tax Period, or (v) engage in any transaction on the Closing Date after the Closing outside the ordinary course of business
of the Group Companies.

Section
6.6  Tax Contests. After the Closing, Buyer will promptly notify Seller in
writing upon the commencement of any Tax audit, suit, action or proceeding (each, a “Tax Contest”) involving one or
more of the Group Companies, that relates to a Pre-Closing Tax Period (including a Straddle Period). Seller shall have the right to control
the defense of a Tax Contest that relates to an Affiliated Group Tax Return or that otherwise solely relates to a Pre-Closing Tax Period,
which control will include, subject to the immediately following sentence, the right to settle, compromise or concede such Tax Contest
and the right to employ counsel of its choice at its expense, provided, however, that, other than in respect of a Tax Contest
that relates to an Affiliated Group Tax Return, Seller will keep Buyer apprised of developments relating to such Tax Contest, will provide
Buyer with copies of all correspondence from any taxing authority relating to such Tax Contest, and will conduct the defense of such
Tax Contest diligently and in good faith. Seller will not settle, compromise or concede a Tax Contest (other than a Tax Contest that
relates to an Affiliated Group Tax Return) to the extent it would adversely affect the Tax liability of Buyer or any of the Group Companies
for any tax period beginning after the Closing Date without the prior consent of Buyer, which consent will not be unreasonably withheld,
conditioned or delayed. Buyer shall have the right to control the defense of a Tax Contest for a Straddle Period, which control will
include, subject to the immediately following sentence, the right to settle, compromise or concede such Tax Contest and the right to
employ counsel of its choice at its expense, provided, however, that Buyer will keep Seller apprised of developments relating
to such Tax Contest, will provide Seller with copies of all correspondence from any taxing authority relating to such Tax Contest, and
will conduct the defense of such Tax Contest diligently and in good faith. Buyer will not settle, compromise or concede such a Tax Contest
without the prior consent of Seller, which consent will not be unreasonably withheld, conditioned or delayed. Seller will have the right
to participate in the defense of any such Tax Contest and to employ counsel of its choice at its expense.

Section
6.7  Transfer Taxes. The Buyer, on the one hand, and the Seller, on the other
hand, shall each be responsible for fifty percent (50%) of the Transfer Taxes solely attributable to the sale of Equity Interests. The
Person responsible under applicable Law shall prepare, execute and timely file any Tax Returns required to be filed with respect to such
Transfer Taxes. The Buyer and the Seller shall reasonably cooperate to minimize any such Transfer Taxes and shall execute and deliver
or cause their respective Affiliates to execute and deliver all instruments and certificates necessary to enable the other to comply
with any filing requirements relating to such Transfer Taxes.

    	 	18	 

     

    

Section
6.8  Section 338(h)(10) Election.

(a) At
Seller’s request and pursuant to the procedures set forth in this Section 6.8, Buyer (and to the extent necessary,
TMG California) and Seller jointly shall make timely and irrevocable elections under Section 338(h)(10) of the Code with respect to Buyer’s
acquisition of the Equity Interests of TMG California pursuant to this Agreement and, if permissible, similar elections
under any applicable state and local Laws (collectively, the “Section 338(h)(10) Elections”). In such event,
Buyer and Seller shall not take any action that could cause the Section 338(h)(10) Elections to be invalid, and shall take no position
contrary thereto unless required pursuant to a determination as defined in Section 1313(a) of the Code or any similar provision of any
state or local Law.

(b) If
Seller elects to exercise its rights under Section 6.8 to cause the Section 338(h)(10) Elections to be made:

(i) Each
of Buyer and Seller shall timely execute an original IRS Form 8023 (and any comparable state income Tax election forms and such other
forms and documents as may be reasonably required to effectuate the Section 338(h)(10) Elections);

(ii) Promptly
thereafter, Buyer shall provide to Seller one (1) executed original of all such forms to effectuate the Section 338(h)(10) Elections
with respect to the purchase and sale of the Equity Interests of TMG California;

(iii) Buyer
and Seller shall each timely file one executed original IRS Form 8023 with the IRS (and any comparable state income Tax election forms
with the applicable state taxing authorities and such other forms and documents as may be reasonably required to effectuate the Section
338(h)(10) Elections) pursuant to this Section 6.8.

(iv) Buyer
and Seller agree (1) that the forms to effectuate the Section 338(h)(10) Elections shall be filed with the appropriate Governmental
Authority not later than the last date for the filing thereof (other than forms required to be filed in connection with an income Tax
Return in which case such forms shall be filed not later than the due date for such income Tax Return) and (2) that the contents
of the forms shall be consistent with the Final Allocation (as defined below);

(v) Within
120 calendar days after the Closing, Seller shall prepare a determination of the aggregate deemed sales price (“ADSP”)
(as defined in the applicable Treasury Regulations under Section 338) and a proposed allocation of the ADSP among the assets of TMG
California (the “Proposed Allocation”) and shall deliver the Proposed Allocation to Buyer. Buyer
and Seller shall consult in good faith with regard to the determination of the ADSP and the Proposed Allocation. The Proposed
Allocation shall be final and binding on Buyer and Seller unless, within 30 days after delivery thereof to Buyer, Buyer deliver a written
notice to Seller of their objections to the Proposed Allocation. If Buyer raises any objections within such period, Buyer
and Sellers shall attempt in good faith to resolve such dispute. The allocation as finally determined pursuant to this Section
6.8(c)(v) (whether by agreement of Seller and Buyer or by failure of Buyer to timely object to the Proposed Allocation) shall
be the “Final Allocation;”

(vi) Buyer, TMG
California and Seller shall file all Tax Returns consistent with the Final Allocation and shall not voluntarily take any action
inconsistent therewith upon any audit or examination of any Tax Return or in any other filing or proceeding relating to Taxes, unless
required pursuant to a determination as defined in Section 1313(a) of the Code or any similar provision of any foreign, state or local
Laws; and

(vii) Buyer
and Seller shall bear their respective costs and expenses of preparing and reviewing the forms and documents as may be reasonably required
to effectuate the Section 338(h)(10) Elections, the Proposed Allocation and the Final Allocation.

    	 	19	 

     

    

ARTICLE
7

Conditions Precedent

Section
7.1  Conditions to Obligations of Buyer. The obligation of Buyer to purchase
the Equity Interests and to otherwise consummate the Contemplated Transactions is subject to the satisfaction or fulfillment, at or before
the Closing Date, of each of the following conditions precedent (any of which may be waived, in whole or in part, by Buyer in its sole
discretion):

(a)   Seller
shall have duly performed and complied with, or shall have caused to be duly performed and complied with, in all material respects, all
covenants required by this Agreement to be performed or complied with by Seller at or prior to the Closing.

(b) (i)
No Order shall have been entered by, or any Law enacted by, a Governmental Authority of competent jurisdiction and shall be in effect
that restrains, enjoins, prevents or otherwise prohibits the consummation of the Contemplated Transactions and (ii) no Action shall have
been threatened or brought by a Governmental Authority of competent jurisdiction seeking to restrain, enjoin, prevent or otherwise prohibit
the consummation of the Contemplated Transactions.

(c)   Seller
shall have delivered to Buyer a certificate to the effect that each of the conditions specified in Sections 7.1(a) through (b)
has been satisfied;

(d) Seller
shall have delivered signed forms to change the signatories on all bank accounts for the Group Companies to signatories requested by
the Buyer;

(e)   Seller
shall have delivered to Buyer the deliveries set forth in Section 1.2; and

(f)    except
as otherwise may be directed by Buyer prior to the Closing, Seller shall have delivered to Buyer the resignations of the directors and
officers of each of the Group Companies.

Section
7.2  Conditions to Obligations of Seller. The obligation of Seller to consummate
the transactions to be performed by them in connection with the Closing is subject to satisfaction or waiver of the following conditions:

(a)   Buyer
shall have performed and complied with, in all material respects, all covenants and agreements required to be performed or complied with
by Buyer under this Agreement at or prior to the Closing;

(b)   (i)
no Order shall have been entered by, or any Law enacted by, a Governmental Authority of competent jurisdiction and shall be in effect
that restrains, enjoins, prevents or otherwise prohibits the consummation of the Contemplated Transactions and (ii) no Action shall have
been threatened or brought by a Governmental Authority of competent jurisdiction seeking to restrain, enjoin, prevent or otherwise prohibit
the consummation of the Contemplated Transactions;

(c)   Buyer
shall have delivered to Seller a certificate to the effect that each of the conditions specified in Section 7.2(a) through Section
7.2(b) have been satisfied; and

(d)   Buyer
shall have delivered to Seller the deliveries set forth in Section 1.2.

    	 	20	 

     

    

ARTICLE
8

Reserved.

ARTICLE
9

Indemnification

Section
9.1  Survival. (a) the representations and warranties set forth in Section
2.15 (the “Tax Representations”), and the right to make Indemnification Claims in respect thereof under this Agreement,
will survive until ninety (90) days after the expiration of the applicable statute of limitations (including all extensions and waivers
thereof), (b) the representations and warranties contained in this Agreement (other than Tax Representations), and the right to make
Indemnification Claims in respect thereof under this Agreement, will survive for a period of six months following the Closing Date. All
covenants and agreements contained herein related to Taxes will survive the Closing and terminate and expire, and shall cease to be of
any force or effect, ninety (90) days after the expiration of the applicable statute of limitations (including all extensions and waivers
thereof). All covenants and agreements of the parties contained in this Agreement that are to be performed at or prior to the Closing
shall expire on the Closing Date.

The
right of a party to bring a claim for indemnification (an “Indemnification Claim”) hereunder with respect to any covenant
of the other party shall remain in effect for the period specified in this Section 9.1 with respect to such covenants. Notwithstanding
the preceding sentences, any breach of representation, warranty, covenant or agreement in respect of which indemnity may be sought under
this Agreement shall survive the time at which it would otherwise terminate pursuant to the preceding sentences, if written notice of
the inaccuracy or breach thereof giving rise to such right of indemnity shall have been given to the party against whom such indemnity
may be sought prior to such time. Nothing in this Article 9 shall limit or prohibit the rights of Buyer and/or its Affiliates
to pursue recoveries under any of the Seller’s insurance policies.

Section
9.2  Indemnification by Seller. From and after the Closing, and subject to
the limitations in this Article 9, Seller shall indemnify and hold harmless each of Buyer, its Affiliates, and the Group Companies,
and their respective officers, directors, equityholders, members, partners, managers, employees, agents, representatives, successors
and assigns (collectively, the “Buyer Indemnitees”) from and against, and pay or reimburse Buyer Indemnitees for,
any and all Losses sustained, incurred, imposed on or suffered by any Buyer Indemnitees resulting from, arising out of or relating to
(a) any breach as of the Closing Date of any representation or warranty of Seller contained in Article 2, other than the Fundamental
Representations, determined as if made on the Closing Date (except to the extent such representation or warranty speaks as of a particular
date or period of time, in which case such breach shall be determined as of such particular date or period of time), (b) any breach as
of the Closing Date of any Fundamental Representation determined as if made on the Closing Date (except to the extent such representation
or warranty speaks as of a particular date or period of time, in which case such breach shall be determined as of such particular date
or period of time), and (c) any breach, failure or non-fulfillment by Seller of any covenant, agreement or obligation to be performed
by Seller pursuant to this Agreement, and (d) all Pre-Closing Taxes.

    	 	21	 

     

    

Section
9.3  Indemnification by Buyer. From and after the Closing, and subject to this
Article 9, Buyer shall defend, indemnify and hold harmless Seller and its equityholders, members, partners, managers, officers,
directors, employees, agents, representatives, successors and assigns (collectively, the “Seller Indemnitees”) from
and against, and pay or reimburse Seller Indemnitees for, any and all Losses sustained, incurred, imposed on or suffered by any Seller
Indemnitees resulting from, arising out of or relating to (a) any inaccuracy in or breach of any representation or warranty made by Buyer
in Article 3 of this Agreement, (b) any breach, failure or non-fulfillment by Buyer of any covenant, agreement or obligation to
be performed by Buyer pursuant to this Agreement, (c) all Post-Closing Taxes or (d) the Assumed Liabilities.

Section
9.4  Limitations on Indemnity. Buyer and Seller agree, for themselves and on
behalf of Buyer Indemnitees and Seller Indemnitees:

(a)   Notwithstanding
anything in this Agreement to the contrary, the liability of the Indemnifying Party to indemnify the Indemnified Party against any Losses
shall be limited to claims with respect to which the Indemnified Party has given to the Indemnifying Party written notice thereof at
or prior to the applicable survival date, if any, in accordance with Section 9.1.

(b)   Seller
shall not be liable to Buyer Indemnitees for any Losses with respect to the matters contained in Section 9.2(a) until such time
as the aggregate of all Losses with respect to the matters contained in Section 9.2 exceeds $50,000 (the “Indemnity Threshold”),
in which event Seller shall be liable for all Losses in excess of the Indemnity Threshold up to the Indemnity Value. Seller shall not
be liable to Buyer Indemnitees for any Losses with respect to the matters contained in Section 9.2(b), Section 9.2(c) or Section
9.2(d) until such time as the aggregate of all Losses with respect to the matters contained in Section 9.2 exceeds the Indemnity
Threshold, in which event Seller shall be liable for all Losses in excess of the Indemnity Threshold up to $1,300,000 (the “Cap”).
Notwithstanding anything to the contrary in this Agreement, (i) the aggregate liability of the Seller Indemnifying Parties for all Indemnification
Claims under Section 9.2(a) shall not exceed the Indemnity Value, (ii) the aggregate liability of the Seller Indemnifying Parties
for all Indemnification Claims under Section 9.2 shall not exceed the Cap and (iii) the sole recourse of the Buyer Indemnitees
against the Seller Indemnifying Parties with respect to Indemnification Claims shall be limited to recovering the Indemnity Shares in
accordance with Section 9.4(d).

(c)   Buyer
shall not be liable to Seller Indemnitees for any Losses with respect to the matters contained in Section 9.3 until such time
as the aggregate of all Losses with respect to matters contained in Section 9.3 exceeds the Indemnity Threshold. Subject to Section
9.7, the aggregate monetary liability of Buyer in respect of all claims for indemnification pursuant to Section 9.3 shall
be equal to the Cap.

(d)   With
respect to each indemnification obligation in this Agreement, (i) in no event shall an Indemnifying Party have liability to the Indemnified
Party for any punitive, incidental, consequential, special or indirect damages, including loss of future revenue or income, loss of business
reputation or opportunity relating to the breach or alleged breach of this Agreement, or diminution of value or any damages based on
any type of multiple, except if and to the extent any such damages are recovered against an Indemnified Party pursuant to a Third Party
Claim by a Governmental Authority of competent jurisdiction, and (ii) the parties shall treat any indemnification payment made under
this Agreement as an adjustment to the purchase price for Tax reporting and all other applicable purposes to the extent permitted by
applicable law. All claims for indemnification by a Buyer Indemnitee for Losses pursuant to this Agreement shall be satisfied solely
from the Indemnity Shares. For purposes of determining the number of Indemnity Shares to be used to satisfy a claim for indemnification
under this Article 9, the value of one Indemnity Share shall be the greater of (i) the 20-Day Average Price and (ii) the arithmetic
average of the closing price of the Parent Stock on each trading day during the twenty consecutive trading days ending the date the claim
is resolved.

(e)   For
purposes of this Article 9, any Material Adverse Effect, materiality and similar qualifiers contained in or otherwise applicable
to any representations and warranties set forth this Agreement (other than those representations and warranties set forth in Section
2.6(a) and Section 2.6(b) and any representations and warranties requiring a list of items to be disclosed based on materiality
qualifications) shall be ignored for the purpose of calculating the amount of applicable Losses resulting from such inaccuracy or breach
(it being agreed and understood however that such qualifications will continue to apply, as applicable, to the determination of whether
a breach or inaccuracy of representation or warranty has occurred).

(f)    The
parties hereto shall take and cause their respective Affiliates to take all commercially reasonable steps to mitigate any Losses upon
becoming aware of any event or circumstance which would reasonably be expected to, or does, give rise thereto.

    	 	22	 

     

    

Section
9.5  Notification of Claims; Third Party Claims.

(a)   A
Person that may be entitled to be indemnified under this Agreement (the “Indemnified Party”) shall promptly notify
the party or parties that may be liable for such indemnification (the “Indemnifying Party”) in writing of any claim
in respect of which indemnity may be sought under this Article 9, in accordance with this Section 9.5.

(b)   If
any claim or demand is made by a Person who is not party to this Agreement (a “Third Party Claim”) against an Indemnified
Party that (if prosecuted or pursued successfully) would be a matter for which such Indemnified Party is entitled to indemnification
under this Article 9, such Indemnified Party shall give written notice of the claim to the Indemnifying Party reasonably promptly
following the Indemnified Party becoming aware of the same requesting such indemnification and describing in reasonable detail the nature
of the claim, the material facts underlying the claim, the amount of the claim (or estimate thereof, if the amount is not known and it
is reasonably possible to make an estimate) and the specific basis on which the Indemnifying Party has liability for the claim under
this Agreement, including reasonably detailed supporting documentation, and referring to this Section 9.5 and the terms hereof.
Such notice shall contain or be accompanied by such other material information as such Indemnified Party shall have concerning the Third
Party Claim. The failure to notify the Indemnifying Party shall not affect the indemnification provided hereunder unless (and only to
the extent that) such failure to notify actually and materially prejudices the Indemnifying Party as a result thereof. To the extent
not prohibited by applicable Law or Order, the Indemnified Party shall reasonably promptly deliver to the Indemnifying Party copies of
all notices and documents (including court papers) received by such Indemnified Party relating to any such Third Party Claim.

(c)
   If a Third Party Claim is made or commenced and an Indemnification
Claim is made with respect thereto, the Indemnifying Party shall have the right, upon giving written notice to the Indemnified Party,
to conduct and control the defense of, negotiate, settle or otherwise control any Third Party Claim which relates to any Losses indemnifiable
hereunder through an attorney selected by the Indemnifying Party; provided that such Indemnified Party shall be entitled to participate
in (but not control) any such defense with separate counsel reasonably acceptable to the Indemnifying Party separate from the counsel
engaged by the Indemnifying Party at the expense of the Indemnifying Party if, upon advice of outside counsel to such Indemnified Party,
a legal conflict exists or would reasonably be expected to exist between the applicable Indemnified Party and the Indemnifying Party
that, in either such case, would make such separate representation necessary under the applicable rules of ethics and professional responsibility;
provided, further, that, if the Indemnifying Party elects to assume the defense of a Third Party Claim, the Indemnifying
Party will not be liable to the Indemnified Party for any legal expenses for a separate counsel subsequently incurred by such Indemnified
Party in connection with such defense. The Indemnifying Party shall have thirty (30) days following receipt by such Indemnifying Party
of notice of any Third Party Claim to notify the Indemnified Party in writing that the Indemnifying Party (at its own expense, but subject
to the limitations on liability set forth in this Article 9) elects to conduct and control the defense of, negotiate, settle or
otherwise control such Third Party Claim on behalf of the Indemnified Party. Election of the Indemnifying Party to defend a Third Party
Claim shall not be construed to be an admission as to liability for indemnification hereunder.

(d)
   If the Indemnifying Party elects to assume the defense of a Third
Party Claim, (i) the Indemnified Party will, and will cause any other applicable Indemnified Parties to, cooperate and make available
to the Indemnifying Party (and its representatives) all employees and furnish (without expense to such Indemnifying Party) such non-privileged
information, including books and records in its possession or under its control as may be reasonably necessary or useful in connection
with such defense, (ii) the Indemnified Party shall not file any papers or consent to the entry of any judgment or enter into any settlement
with respect to such Third Party Claim without the prior written consent of the Indemnifying Party (which consent shall not be unreasonably
withheld, conditioned or delayed), and (iii) the Indemnifying Party shall have the right to consent to the entry of any judgment or enter
into any settlement with respect to such Third Party Claim without the prior written consent of the Indemnified Party if the judgment
or settlement (A) involves only money damages that are fully indemnifiable hereunder by the Indemnifying Party and for which no Indemnified
Party shall have any liability and does not seek an injunction or other equitable relief (other than customary confidentiality obligations),
(B) by its terms obligates the Indemnifying Party or its Affiliates to pay the full amount of the Liability in connection with such Third
Party Claim and (C) contains an unconditional release of the Indemnified Party with respect to such Third Party Claim. If such conditions
are not satisfied and such unconditional release not obtained, then the Indemnifying Party shall not compromise or settle such claim
without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, conditioned or delayed.
If the Indemnifying Party conducts the defense of a claim, the Indemnified Party may retain separate co-counsel reasonably acceptable
to the Indemnifying Party at its own cost and expense and participate in (but not control) such defense (if, upon advice of counsel to
such Indemnified Party, a legal conflict exists or would reasonably be expected to exist between the applicable Indemnified Party and
the Indemnifying Party that would make such separate representation necessary under the applicable rules of ethics and professional responsibility),
which, for the avoidance of doubt, shall not constitute Losses for purposes of this Article 9.

(e)
   If the Indemnifying Party does not elect to control the defense
of a Third Party Claim, (i) the Indemnified Party shall have the right to conduct and control such defense, and (ii) the Indemnified
Party may only consent to entry of any judgment upon, or compromise and settle in good faith any such Third Party Claim, with the prior
written consent of the Indemnifying Party (such consent not to be unreasonably withheld, conditioned or delayed). Upon the determination
of liability under and subject to Section 9.2 or Section 9.3 hereof, the appropriate party shall within thirty (30) days
of such determination, pay the amount of such claim (in the case of a Seller Indemnifying Party using the Indemnity Shares).

(f)
   In the event an Indemnified Party desires to make a claim
for indemnification pursuant to Section 9.2 or Section 9.3 hereof against the applicable Indemnifying Party, that does
not involve a Third Party Claim, the applicable Indemnified Party shall give written notice of the claim to the Indemnifying Party reasonably
promptly following the Indemnified Party becoming aware of the same, describing in reasonable detail the nature of the claim, the material
facts underlying the claim, the amount of the claim (or estimate thereof, if the amount is not known and it is reasonably possible to
make an estimate) and the specific basis on which the Indemnifying Party has liability for the claim under this Agreement, including
reasonably detailed supporting documentation, and referring to this Section 9.5 and the terms hereof. Failure to give such notice
shall not affect the indemnification provided hereunder except to the extent that such failure shall have actually and materially prejudiced
the Indemnifying Party as a result thereof and then only to the extent of such prejudice. For purposes of any investigation of a claim
against any Indemnifying Party under this Article 9 that is not a Third Party Claim, the Indemnified Party shall provide the Indemnifying
Party with reasonable access during normal business hours to the Indemnified Party’s non-privileged books and records, other applicable
non-privileged documentation and information and personnel relating to such claim.

(g)
   Notwithstanding anything to the contrary set forth in this Agreement,
the procedures relating to Tax Contests shall be governed exclusively by Article 6.

    	 	23	 

     

    

Section
9.6   Insurance or Other Third Party Recovery. If an Indemnified Party, after having received
any indemnification payment with respect to any Losses pursuant to this Agreement from an Indemnifying Party, subsequently receives any
insurance proceeds or other payment from a third party in respect of compensation for such Losses, such Indemnified Party shall promptly
reimburse the Indemnifying Party an amount equal to such insurance proceeds or third party payment (after deducting therefrom the amount
of any costs incurred in seeking and obtaining such recovery (including premium increases), to the extent such Indemnified Party did
not already receive payment for such costs from the Indemnifying Party), but not in excess of the amount of indemnification previously
paid by or on behalf of the Indemnifying Party to or on behalf of the Indemnified Party in respect of such Losses.

Section
9.7   Liabilities. If the Parent or Buyer makes payments for any Liabilities, other than
the Assumed Liabilities, of the Seller or the Group Companies existing on the Closing Date exceeding $700,000 less the Assumed Liabilities
plus interest as of the Closing Date and excluding any additional interest accruing on the Assumed Liabilities after the Closing Date
(“Excess Liabilities”), the Seller will indemnify the Parent or the Buyer for the full amount of payments of Liabilities
exceeding the Excess Liabilities, without any limitation. The Parent or the Buyer shall not make any payments of the Seller’s Liabilities,
other than the Assumed Liabilities, without the consent of the Seller, which shall not be unreasonably withheld, conditioned or withheld.
After such payments shall be negotiated in good faith before being paid.

Section
9.8   Exclusive Remedy. Except in the case of fraud, Seller and Buyer hereby agree that the
sole and exclusive remedy of a party for any breach or inaccuracy of any representation, warranty, covenant or agreement contained in
this Agreement shall be the indemnification rights set forth in this Article 9.

ARTICLE
10

Definitions

Section
10.1  Certain Terms. The following terms have the respective meanings given to them below:

“Action”
means any legal action, binding arbitration, litigation, administrative charge, suit or other civil or criminal proceeding.

“Affiliate”
means, with respect to any Person, any other Person directly or indirectly through one or more intermediaries, controlling, or controlled
by, or under direct or indirect common control with, such Person. For purposes of this definition, “control” (including,
with correlative meanings, the terms “controlled by” and “under common control with”), as used with respect to
any Person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies
of such Person, whether through the ownership of stock or other equity interest or by Contract or otherwise. For all purposes of this
Agreement, each Group Company shall be deemed to be Affiliates of Seller prior to the Closing and shall be deemed to be Affiliates of
Buyer from and after the Closing.

“Affiliated
Group” means an affiliated group as defined in Section 1504 of the Code (or any analogous combined, consolidated or unitary
group defined under state, local or non-U.S. Tax law).

“Affiliated
Group Tax Returns” has the meaning set forth in Section 6.2.

“Agreement”
has the meaning set forth in the Preamble.

“Benefit
Plan” means any “employee benefit plan” as defined in Section 3(3) of ERISA (whether or not subject to ERISA) and
any other benefit scheme, agreement, arrangement or obligation to provide compensation or benefits, including without limitation employment
or consulting agreements, severance agreements or pay policies, stay or retention bonuses or compensation, executive or incentive compensation
programs or arrangements, sick leave, vacation pay, paid time-off, plant closing benefits, voluntary or involuntary redundancy payments
or other benefits on termination of employment, salary continuation for disability, retirement or pension arrangements, deferred compensation,
bonus, profit sharing, equity or equity-based compensation, stock purchase plans or programs, health and welfare plans, adoption assistance,
fringe benefits, tuition reimbursement or scholarship programs, employee discount programs, vehicle allowances, transportation reimbursement,
legal assistance, plans subject to Code Section 125, post-retirement plans or arrangements, tax gross-up payments and plans providing
benefits or payments in the event of a change of control, change in ownership or effective control or sale of a substantial portion (including
all or substantially all) of the assets of any business or portion thereof.

“Business”
has the meaning set forth in the Recitals.

“Business
Day” means any day that is not (a) a Saturday, (b) a Sunday or (c) any other day on which commercial banks are authorized or
required by law to be closed in the City of New York, United States of America.

“Business
IP Assets” means (a) all Copyrights owned by the Seller and the Group Companies; (b) the Trademarks owned by the Seller and
the Group Companies as set forth on Section 2.9(a) of the Disclosure Schedule and the goodwill of the Business associated with
such Trademarks; (c) all Trade Secrets that are owned by the Seller and the Group Companies; (d) the Group Company Software; and (e)
the Domain Names owned by the Group Companies as set forth on Section 2.9(a) of the Disclosure Schedule.

“Buyer”
has the meaning set forth in the Preamble.

“Buyer
Indemnitees” has the meaning set forth in Section 9.2.

“Cap”
has the meaning set forth in Section 9.4(b).

“Closing”
has the meaning set forth in Section 1.2.

“Closing
Date” has the meaning set forth in Section 1.2.

“Closing
Payroll Taxes” means the employer portion of any payroll, employment or social security Taxes incurred in connection with stay
bonuses, sales bonuses, transaction bonuses, change of control payments, severance payments, retention payments, the exercise or payment
of amounts with respect to options, or other compensatory payments in connection with the transactions contemplated hereby, in each case,
to the extent accrued on or prior to the Closing Date. For the avoidance of doubt, Post-Closing Payroll Taxes shall not be included in
the definition of Closing Payroll Taxes.

“Code”
means the Internal Revenue Code of 1986, as amended.

“Confidentiality
Agreement” means that certain Mutual Confidentiality and Non-Disclosure Agreement by and between Parent and Seller dated as
of March 21, 2022.

“Consent”
means any consent, approval, authorization, or waiver with or to any Person or under any Law, in each case required to permit the consummation
of the Contemplated Transactions.

“Contemplated
Transactions” means the transactions contemplated by this Agreement, including the execution, delivery and performance of this
and the sale and purchase of the Equity Interests and issuance of the Equity Consideration and Warrant pursuant to the terms hereof.

“Continuing
Employee” means all Employees of the Group Companies other than the Key Employees.

“Contract”
means any agreement, contract, commitment, arrangement, lease, loan agreement, security agreement, license, indenture or other similar
instrument, in each case whether written or oral.

“Copyrights”
means all registered and unregistered works of authorship protectable under copyright Law, copyright registrations, renewals thereof,
and applications to register the same.

“Disclosure
Schedule” means the disclosure schedule, dated as of the date hereof, delivered by Seller to Buyer in connection with the execution
of this Agreement.

“Domain
Names” means all registered Internet domain names.

“Effect”
means any fact, occurrence, event, change, circumstance, condition, development or effect.

“Effective
Time” means 12:01 a.m., New York City time, on the Closing Date.

“Employees”
means all of the employees of the Group Companies, including (a) employees employed on an hourly or salaried basis and (b) part-time
employees.

“Equity
Consideration” has the meaning set forth in Section 1.1.

“Equity
Interests” has the meaning set forth in the Recitals.

“Equity
Securities” means (a) any shares, interests, participations or other equivalents (however designated) of capital stock or registered
capital of, or voting power in, a corporation, (b) any ownership interests of, or voting power in, a Person other than a corporation,
including membership interests, partnership interests, joint venture interests and beneficial interests, and (c) any warrants, options,
convertible or exchangeable securities, subscriptions, rights (including any rights of first refusal, preemptive or similar rights),
calls or other rights to purchase or acquire any of the foregoing.

“ERISA”
means the Employee Retirement Income Security Act of 1974, as amended, and the rules and regulations promulgated thereunder.

“Excess
Liabilities” has the meaning set forth in Section 9.7.

“Financial
Statements” has the meaning set forth in Section 2.5(a).

“Fundamental
Representations” means the representations and warranties contained in Section 2.1 (Corporate Status), Section 2.2 (Corporate
Authorization), Section 2.18 (Finders’ Fees).

“GAAP”
means United States generally accepted accounting principles in effect from time to time.

“Governmental
Authority” means any (a) multinational, federal, provincial, state, regional, municipal, local, governmental or public department,
ministry, minister, central bank, court, tribunal, arbitral body, commission, commissioner, director, agency, board or bureau, division,
domestic or foreign, (b) any subdivision, agent, commission, board or authority of any of the foregoing, (c) any quasi-governmental or
private body exercising any regulatory, administrative, expropriation or Tax authority under or for the account of any of the foregoing,
including any private body having received a mandate to perform public services, and (d) any judiciary or quasi-judiciary tribunal, court
or body.

“Governmental
Authorization” means any Permit, license, certificate, franchise, permission, clearance, registration, qualification, or authorization
issued, granted, given or otherwise made available by or under the authority of any Governmental Authority, pursuant to any Government
Contract, or pursuant to any Law.

“Group
Companies” has the meaning set forth in the Recitals.

“Group
Company Software” means any proprietary software of the Group Companies that is used in any product or service owned, made,
distributed, licensed or sold by or on behalf of a Group Company.

“Indemnification
Claim” has the meaning set forth in Section 9.1.

“Indemnified
Party” has the meaning set forth in Section 9.5(a).

“Indemnifying
Party” has the meaning set forth in Section 9.5(a).

“Indemnity
Shares” shall mean, in the case of an Indemnification Claim pursuant to Section 9.2(a) hereof, the aggregate number of shares
of Parent Stock equal to the quotient of the Indemnity Value divided by the 20-Day Average Price rounded down to the nearest whole share;
and in the case of an Indemnification Claim pursuant to Sections 9.2(b), 9.2(c) or 9.2(d) hereof, it shall mean the aggregate number
of shares of Parent Stock equal to the quotient of the Cap divided by the 20-Day Average Price rounded down to the nearest whole share.

“Indemnity
Threshold” has the meaning set forth in Section 9.4(b).

“Indemnity
Value” shall mean $400,000.

“Intellectual
Property Rights” means rights in or to intellectual property, including rights in Software, Copyrights, Trade Secrets, Patents,
Trademarks and Domain Names, in each case whether registered or not, and regardless of jurisdiction.

“Key
Employees” means Daniel Thorman and Nicholas Lynch.

“Knowledge”
means (a) in the case of Seller, the actual and constructive knowledge of any of the Key Employees, in each case, after reasonable inquiry,
and (b) in the case of any other Person that is not an individual, the actual and constructive knowledge of any officer of such Person
after reasonable inquiry.

“Laws”
means laws, statutes, ordinances, codes, rules, regulations, judgments, injunctions, Orders and decrees.

“Liabilities”
means, with respect to any Person, any and all liabilities and obligations of every kind, character and description, whether accrued
or fixed, absolute or contingent, matured or unmatured, determined or determinable, choate or inchoate, asserted or unasserted or known
or unknown.

“Lien”
means, with respect to any property, asset or right, any mortgage, lien, pledge, charge, security interest, encumbrance, easement, in
respect of such property, asset or right.

“Listed
Intellectual Property” has the meaning set forth in Section 2.9(a).

“Loss”
or “Losses” means any damage, loss, liability or expense (including reasonable attorneys’ and accountants’
fees), whether or not involving a Third Party Claim.

“Material
Adverse Effect” means any Effect that, individually or combined, is materially adverse on the Business, assets, Liabilities,
results of operations or condition of the Business, or the Group Companies, taken as a whole, or could or could reasonably be expected
to prevent or materially impair, impede or delay the ability of Seller to perform its obligations under this Agreement or to consummate
the Contemplated Transactions; provided, however, that none of the following (individually or in combination) shall be deemed to constitute,
or shall be taken into account in determining whether there has been, a Material Adverse Effect: (a) any adverse effect resulting
directly or indirectly from conditions generally affecting any industry or industry sector in which the Group Companies operate or compete;
(b) any adverse effect resulting from changes in regulatory, legislative or political conditions in the United States or any other
country or region in the world, except to the extent such change in regulatory, legislative or political condition has a materially disproportionate
effect on the Group Companies as compared to any of the other companies in the Group Companies’ industry; (c) any geopolitical
conditions, outbreak of hostilities, acts of war, sabotage, cyber attacks, terrorism or military actions (including any escalation or
general worsening of any such hostilities, acts of war, sabotage, cyber attacks, terrorism or military actions), pandemic or epidemic
(including the COVID-19 pandemic, including the continuation or worsening of the COVID-19 pandemic) in the United States or any other
country or region in the world, except to the extent such conditions or actions has a materially disproportionate effect on the Group
Companies as compared to any of the other companies in the Group Companies’ industry or geographies in which the Group Companies
operates; (d) any adverse effect resulting directly or indirectly from any change in accounting requirements or principles or any change
in applicable Laws or the interpretation thereof; or (e) any matter disclosed in the Disclosure Schedule to the extent the effect is
reasonably foreseeable from the disclosure therein or the documents referenced therein.

“Material
Contracts” has the meaning set forth in Section 2.7(a).

“Open
Source Software” means any software or program that is licensed or distributed pursuant to any open source, community source,
freeware, shareware or public license or distribution model, including any software or program licensed or distributed under any of the
following licenses or distribution models: GNU General Public License (GPL) or Lesser/Library GPL (LGPL), BSD License, Apache License
and other licenses listed at www.opensource.org.

“Order”
means any order, writ, injunction, decree, judgment, award, determination, ruling, stipulation, verdict, directive or demand entered
or issued, promulgated or entered by or with any Governmental Authority.

“Organizational
Documents” means the articles of incorporation, certificate of incorporation, charter, by-laws, articles of formation, certificate
of formation, operating agreement, certificate of limited partnership, partnership agreement and all other similar documents, instruments
or certificates executed, adopted or filed in connection with the creation, formation or organization of a Person, including any amendments
thereto.

“Parent
Stock” means Parent’s Common Stock, $0.0001 par value per share.

“Patents”
means all utility and design patents, utility models, industrial designs, and certificates of invention, and all provisional applications,
priority and other applications, divisionals, continuations (in whole or in part), extensions, reissues, re-examinations or equivalents
or counterparts of or for any of the foregoing in any jurisdiction.

“Permit”
means any permit, clearance, license, certificate, order, approval, franchise, registration or other authorization issued by any Governmental
Authority.

“Permitted
Liens” means (a) Liens for Taxes and other governmental charges and assessments (i) not yet due and delinquent or (ii) that
are being contested in good faith and for which adequate accruals or reserves have been established in the Financial Statements, (b)
Liens of carriers, warehousemen, mechanics, materialmen and other like Liens arising in the ordinary course of business that are not
delinquent or which are being contested in good faith, (c) easements, rights of way, encroachments, zoning ordinances and other similar
encumbrances affecting real property, (d) statutory Liens in favor of lessors arising in connection with any property leased to any of
the Group Companies, (e) Liens reflected in the Financial Statements, (f) Liens which will be released at or prior to Closing, and (g)
other imperfections of title or Liens, if any, that are not, individually or in the aggregate, material to the Business and that do not,
individually or in the aggregate, materially interfere with the current use or occupancy of the real property or of any asset by any
of the Group Companies and/or of the Business or materially detract from the value of any such asset of the Group Companies and/or of
the Business or render title unmarketable or uninsurable.

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

“Post-Closing
Payroll Taxes” means the employer portion of any payroll, employment or social security Taxes incurred in connection with stay
bonuses, sales bonuses, transaction bonuses, change of control payments, severance payments, retention payments, the exercise or payment
of amounts with respect to options, or other compensatory payments in connection with the transactions contemplated hereby, in each case,
on amounts paid after the Closing Date. For the avoidance of doubt, Post-Closing Payroll Taxes will: (a) not be included within the definition
of Pre-Closing Taxes; (b) not reduce the Equity Consideration; and (c) be borne solely by Buyer or its Affiliates.

“Post-Closing
Straddle Period” means the portion of the Straddle Period that begins on the day after the Closing Date and ends on the last
day of the Straddle Period.

“Post-Closing
Tax Period” means any Tax period beginning after the Closing Date.

“Post-Closing
Taxes” means (a) all Taxes imposed on any Group Companies attributable to any Post-Closing Tax Period and Post-Closing Straddle
Period (such Taxes for such Straddle Period to be apportioned in accordance with Article 6), and (b) all Transfer Taxes for which
Buyer is responsible pursuant to Section 6.7; provided, however, that Post-Closing Taxes shall not include any Pre-Closing
Taxes.

“Pre-Closing
Straddle Period” means the portion of the Straddle Period that begins on or before the Closing Date and ends on (and includes)
the Closing Date.

“Pre-Closing
Tax Period” means any Tax period ending on or before the Closing Date.

“Pre-Closing
Tax Returns” has the meaning set forth in Section 6.2.

“Pre-Closing
Taxes” means (a) all Taxes imposed on any Group Companies for any Pre-Closing Tax Period or any Pre-Closing Straddle Period
(such Taxes for a Straddle Period to be apportioned in accordance with Article 6), (b) Taxes imposed on any Group Companies as
a result of having been a member or any Affiliated Group, of which any of the Group Companies is or was a member prior to the Closing
Date, pursuant to Treasury Regulations Section 1.1502-6 or analogous state, local or non-U.S. Law, and (c) all Transfer Taxes for which
Seller is responsible pursuant to Section 6.7. For the avoidance of doubt, Pre-Closing Taxes shall not include any Post-Closing
Payroll Taxes.

“Recent
Balance Sheet” has the meaning set forth in Section 2.5(a).

“Related
Party” means, with respect to the Group Companies, any member, limited or general partner, officer or director of any Group
Companies.

“Remedies
Exception” means (a) applicable bankruptcy, insolvency, reorganization, moratorium and other Laws of general application, heretofore
or hereafter enacted or in effect, affecting the rights and remedies of creditors generally and (b) the exercise of judicial or administrative
discretion in accordance with general equitable principles, particularly as to the availability of the remedy of specific performance
or other injunctive relief.

“SEC
Documents” means, with respect to any Person, each report, schedule, form, statement, registration statement, prospectus or
other document filed or required to be filed or furnished with the SEC by such Person under the Securities Act or Exchange Act, together
with any amendments, restatements or supplements thereto.

“Securities
Act” has the meaning set forth in Section 3.2(b).

“Seller”
has the meaning set forth in the Preamble.

“Seller
Indemnitees” has the meaning set forth in Section 9.3.

“Seller’s
Benefit Plans” has the meaning set forth in Section 2.14.

“Software”
means all software, including source code and object code, computer programs and related data and databases and documentation.

“Stock
Powers” has the meaning set forth in Section 1.2.

“Straddle
Period” means any Tax period beginning on or before and ending after the Closing Date.

“Straddle
Period Tax Returns” has the meaning set forth in Section 6.2.

“Subsidiary”
means, with respect to any Person, any entity of which securities or other ownership interests (a) having ordinary voting power to elect
a majority of the board of directors or other persons performing similar functions or (b) representing at least fifty percent of such
securities or ownership interests are at the time directly or indirectly owned by such Person.

“Tax”
or “Taxes” means any United States or non-U.S., federal, state or local income, gross receipts, property, sales, excise,
license, payroll, employment, excise, severance, stamp, occupation, premium, windfall profits, environmental, customs duties, capital
stock, franchise, profits, withholding, social security (or similar), unemployment, disability, real property, personal property, use,
transfer, recapture, escheat or unclaimed property, value added, alternative or add-on minimum, estimated or any other tax of any kind
whatsoever (however denominated) imposed by a Governmental Authority, whether disputed or not, including any interest, penalties and
additions thereto.

“Tax
Contest” has the meaning set forth in Section 6.7.

“Tax
Representations” has the meaning set forth in Section 9.1.

“Tax
Return” means any return, report, document, declaration, claim for refund or other information or filing filed or required
to be filed with, or supplied to or required to be supplied to, any Taxing Authority with respect to Taxes in any jurisdiction for any
period, including any amendment thereto and any related or supporting information, schedule or attachment with respect thereto.

“Taxing
Authority” means, with respect to any Tax, the Governmental Authority that has the power to impose, assess or administer such
Tax and the agency (if any) charged with the collection of such Tax for such Governmental Authority.

“Third
Party” means any Person, as defined in this Agreement, other than Seller or any of its Affiliates.

“Third
Party Claim” has the meaning set forth in Section 9.5(b).

“Trade
Secrets” means all means all proprietary and unpatented technology or information that is of value to the owner and that has
been maintained in accordance with the standards required by applicable Law to protect it as a trade secret, including, without limitation,
inventions, processes, designs, formulae, models, tools, algorithms, software architectures, trade secrets, know-how, ideas, research
and development, data and databases, and confidential information.

“Trademarks”
means all registered and unregistered trademarks and service marks, all trademark and service mark registrations and applications and
all renewals thereof and all trade names.

“Transaction
Deductions” means all income Tax deductions for (i) any compensatory payments made in connection with the consummation of the
transactions contemplated by this Agreement (including any Closing Payroll Taxes), (ii) any and all payments of transaction expenses
or indebtedness, or (iii) any other deductible payments attributable to the transaction contemplated by this Agreement that are economically
borne by the Seller. For purposes of this Agreement, the parties agree that seventy percent (70%) of any success-based fees paid by Seller
in connection with the transactions contemplated by this Agreement shall be deductible under Rev. Proc. 2011-29 and that, in the case
of such fees that are transaction expenses, the deductible amount shall be a Transaction Deduction.

“Transfer
Tax” means, in respect of the sale of the Equity Interests effectuated pursuant to this Agreement, all documentary, recording,
registration, stamp, duty, transfer, real estate transfer, sales and use and similar Taxes and fees (including interest, penalties and
additions to any such Taxes) in all jurisdictions whenever and wherever imposed and, for the avoidance of doubt, and shall include all
Taxes payable in relation to any deemed or indirect transfer of assets or property as a result of such sale of the Equity Interests and
all penalties, surcharges, charges, interest and additions thereto; provided that Transfer Tax shall not include any charge to
capital gains or Income Taxes.

“Treasury
Regulations” means the final and temporary regulations prescribed under the Code.

“20-Day
Average Price” means the arithmetic average of the closing price of the Parent Stock on each trading day during the
twenty consecutive trading days ending the date two Business Days prior to the Closing Date.

“U.S.”
or “United States” means the United States of America.

“U.S.
Employee” means any individual designated as a “U.S. Employee” on Section 2.15(a) of the Disclosure Schedule.

“Warrant”
shall mean the warrant attached hereto as Exhibit A.

    	 	24	 

     

    

Section
10.2   Construction. The words “hereof”, “herein” and “hereunder”
and words of like import used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this
Agreement. The words “party” or “parties” shall refer to parties to this Agreement. The captions herein are included
for convenience of reference only and shall be ignored in the construction or interpretation hereof. References to Articles, Sections
and Exhibits are to Articles, Sections and Exhibits of this Agreement unless otherwise specified. All Exhibits and Disclosure Schedules
annexed hereto or referred to herein are hereby incorporated in and made a part of this Agreement as if set forth in full herein. Any
capitalized term used in any Exhibit or Disclosure Schedule but not otherwise defined therein shall have the meaning given to such term
in this Agreement. Any singular term in this Agreement shall be deemed to include the plural, and any plural term the singular. Whenever
the words “include”, “includes” or “including” are used in this Agreement, they shall be deemed to
be followed by the words “without limitation”, whether or not they are in fact followed by those words or words of like import.
“Writing”, “written” and comparable terms refer to printing, typing and other means of reproducing words (including
electronic media) in a visible form. References to any agreement or contract are to that agreement or contract as amended, modified or
supplemented from time to time in accordance with the terms hereof and thereof. References to any Person include the successors and permitted
assigns of that Person. References from or through any date mean, unless otherwise specified, from and including or through and including,
respectively. Any reference to “days” means calendar days unless Business Days are expressly specified. If any action under
this Agreement is required to be done or taken on a day that is not a Business Day, then such action shall be required to be done or
taken not on such day but on the first succeeding Business Day thereafter. Unless otherwise stated, any reference to “dollars”
or “$” means dollars of the United States of America.

ARTICLE
11

Miscellaneous

Section
11.1  Notices. All notices, requests and other communications to any party hereunder shall be in writing
and shall be given:

If to the
Buyer or Parent:

Society
Pass Incorporated

701 S. Carson Street, Suite 200

Carson
City, NV, 89701

Attention:
Dennis Nguyen

E-mail:
dennis@thesocietypass.com

If to the
Seller:

Dan Thorman

599 N Fair
Oaks Ave, Suite 201

Pasadena,
CA 91103

E-Mail:
dthorman@thoughtfulmedia.com and dan@thorman.com

with
a copy (which shall not constitute notice) to:

Cooley
LLP

Attn:
Dave Young

1333
2nd Street, Suite 400

Santa
Monica CA 90401

dyoung@cooley.com

or
such other address or email address as such party may hereafter specify for the purpose by notice to the other parties hereto. All notices,
consents, requests, instructions, approvals and other communications that may be or are required to be given, served or sent by any party
hereto pursuant to this Agreement, shall be in writing in English and given by delivery in person, by electronic mail or by overnight
delivery by a nationally recognized next-day private courier. Notices and other communications shall be deemed to have been duly given,
served or sent (a) on the date of delivery (except if not a Business Day then the next Business Day) if delivered in person or by electronic
mail properly addressed (provided failure of delivery is not received by sender), (b) upon confirmation of successful transmission (except
if not a Business Day then the next Business Day) if delivered by electronic mail, or (c) on the first (1st) Business Day following the
date of dispatch if delivered by a nationally recognized next-day private courier.

    	 	25	 

     

    

Section
11.2  Amendment; Waivers, etc. No amendment, modification or discharge of this Agreement, and no waiver
hereunder, shall be valid or binding unless set forth in writing and duly executed by the party against whom enforcement of the amendment,
modification, discharge or waiver is sought. Any such waiver shall constitute a waiver only with respect to the specific matter described
in such writing and shall in no way impair the rights of the party granting such waiver in any other respect or at any other time. Neither
the waiver by any of the parties hereto of a breach of or a default under any of the provisions of this Agreement, nor the failure or
delay by any of the parties, on one or more occasions, to enforce or delay enforcing any of the provisions of this Agreement or to exercise
or delay exercising any right or privilege hereunder, shall be construed as a waiver of any other breach or default of a similar nature,
or as a waiver of any of such provisions, rights or privileges hereunder.

Section
11.3  Expenses. Audit costs required by the Buyer shall be paid for by the Buyer. Except as otherwise
provided herein, all costs, fees and expenses incurred in connection with this Agreement and the Contemplated Transactions, whether or
not consummated, shall be paid by the party incurring such cost or expense.

Section
11.4  Governing Law, Jurisdiction, etc.

(a)
 THIS AGREEMENT SHALL BE GOVERNED IN ALL RESPECTS, INCLUDING AS TO VALIDITY, INTERPRETATION AND EFFECT, BY
THE LAWS OF THE STATE OF DELAWARE, WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICT OF LAWS, TO THE EXTENT SUCH PRINCIPLES
OR RULES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND WOULD PERMIT OR REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.

(b)
  Parent, Buyer and Seller hereby irrevocably submit to the jurisdiction of the courts of the
State of Delaware and the federal courts of the United States of America solely in respect of the interpretation and enforcement of the
provisions of this Agreement and of the documents referred to in this Agreement and in respect of the Contemplated Transactions. Each
of Parent, Buyer and Seller irrevocably agrees that all claims in respect of the interpretation and enforcement of the provisions of
this Agreement and in respect of the Contemplated Transactions, or with respect to any such action or proceeding, shall be heard and
determined in such a Delaware state or federal court, and that such jurisdiction of such courts with respect thereto shall be exclusive,
except solely to the extent that all such courts shall lawfully decline to exercise such jurisdiction. Each of Parent, Buyer and Seller
hereby waives, and agrees not to assert, as a defense in any action, suit or proceeding for the interpretation or enforcement hereof
or in respect of any such transaction, that it is not subject to such jurisdiction. Each of Parent, Buyer and Seller hereby waives, and
agrees not to assert, to the maximum extent permitted by law, as a defense in any action, suit or proceeding for the interpretation or
enforcement hereof or in respect of any such transaction, that such action, suit or proceeding may not be brought or is not maintainable
in such courts or that the venue thereof may not be appropriate or that this Agreement may not be enforced in or by such courts. Parent,
Buyer and Seller hereby consent to and grant any such court jurisdiction over the person of such parties and over the subject matter
of any such dispute and agree that mailing of process or other papers in connection with any such action or proceeding in the manner
provided in Section 11.1 or in such other manner as may be permitted by law, shall be valid and sufficient service thereof for
the purpose of any Action against a party hereto with respect to the subject matter of, or related to, this Agreement or the Contemplated
Transactions.

(c)
  EACH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY
MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT AND/OR THE
CONTEMPLATED TRANSACTIONS.

    	 	26	 

     

    

Section
11.5  Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties,
and their respective heirs, successors and permitted assigns; provided that except as permitted below, this Agreement shall not be assignable
or otherwise transferable by any party without the prior written consent of the other party. Notwithstanding the foregoing, without the
consent of Seller, Buyer may transfer or assign (including by way of a pledge), in whole or from time to time in part, to any acquiror
of all or substantially all of the assets or shares of capital stock (or other ownership interests) of the Group Companies (whether by
asset purchase, stock purchase, merger, consolidation or otherwise), any or all of its rights hereunder (including its rights to seek
indemnification hereunder) provided that no such transfer or assignment will relieve Buyer of its obligations hereunder. Upon any such
permitted assignment, the references in this Agreement to Buyer shall also apply to any such assignee unless the context otherwise requires.

Section
11.6  Disclaimer of Other Representations or Warranties. EACH PARTY AGREES THAT, EXCEPT FOR THE REPRESENTATIONS
AND WARRANTIES CONTAINED IN THIS AGREEMENT, NEITHER BUYER NOR SELLER MAKES OR RELIES ON ANY OTHER REPRESENTATIONS, WARRANTIES OR INDUCEMENTS,
AND EACH HEREBY DISCLAIMS ANY OTHER REPRESENTATIONS, WARRANTIES OR INDUCEMENTS, EXPRESS OR IMPLIED, AS TO THE ACCURACY OR COMPLETENESS
OF ANY OTHER INFORMATION (INCLUDING IN ANY DATA ROOM OR IN RESPONSE TO QUESTIONS SUBMITTED BY A PARTY OR ANY OF ITS REPRESENTATIVES AND
INCLUDING ANY PROJECTIONS OR SIMILAR INFORMATION), MADE BY, OR MADE AVAILABLE BY, ITSELF OR ANY OF ITS AFFILIATE OR REPRESENTATIVES OF
ANY OF THEM, WHETHER WRITTEN OR ORAL, WITH RESPECT TO, OR IN CONNECTION WITH, THE NEGOTIATION, EXECUTION OR DELIVERY OF THIS AGREEMENT
OR THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, NOTWITHSTANDING THE DELIVERY OR DISCLOSURE TO THE OTHER PARTY
OR THE OTHER PARTY’S REPRESENTATIVES OF ANY DOCUMENTATION OR OTHER INFORMATION WITH RESPECT TO ANY ONE OR MORE OF THE FOREGOING.
THIS Section 11.6 SHALL NOT APPLY WITH RESPECT TO FRAUD, AND NOTHING IN THIS AGREEMENT SHALL AFFECT OR LIMIT IN ANY WAY ANY CLAIM
FOR FRAUD.

    	 	27	 

     

    

Section
11.7  Entire Agreement. This Agreement, together with the Warrant and the Assumption Agreement, constitute
the entire agreement and supersede all prior agreements and understandings, both written and oral, between the parties with respect to
the subject matter hereof.

Section
11.8  Severability. If any provision, including any phrase, sentence, clause, section or subsection, of
this Agreement is determined by a court of competent jurisdiction to be invalid, inoperative or unenforceable for any reason, such circumstances
shall not have the effect of rendering such provision in question invalid, inoperative or unenforceable in any other case or circumstance,
or of rendering any other provision herein contained invalid, inoperative or unenforceable to any extent whatsoever. Upon any such determination,
the parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible
in an acceptable manner in order that the Contemplated Transactions can be consummated as originally contemplated to the fullest extent
possible.

Section
11.9  Counterparts; Effectiveness; Third Party Beneficiaries. This Agreement may be executed in several counterparts,
each of which shall be deemed an original and all of which shall together constitute one and the same instrument. This Agreement shall
become effective when each party shall have received a counterpart hereof signed by all of the other parties. Until and unless each party
has received a counterpart hereof signed by the other party, and free of any express restriction on its effectiveness, this Agreement
shall have no effect and no party shall have any right or obligation hereunder (whether by virtue of any other oral or written agreement
or other communication). Except as provided in Article 9, no provision of this Agreement is intended to confer any rights, benefits,
remedies, obligations or Liabilities hereunder upon any Person other than the parties and their respective successors and assigns. No
Person not a party hereto (including employees or creditors of Seller, or any Group Companies) shall be entitled to enforce any provisions
hereof or exercise any right hereunder.

Section
11.10  Non-Recourse. This Agreement may only be enforced against, and any claim, action, suit or other legal
proceeding based upon, arising out of, or related to this Agreement, or the negotiation, execution or performance of this Agreement,
may only be brought against the Persons that are expressly named as parties hereto and then only with respect to the specific obligations
set forth herein with respect to such party, and no past, present or future director, officer, employee, incorporator, manager, member,
partner, stockholder, Affiliate, agent, attorney or other representative of any party hereto or of any Affiliate of any party hereto,
or any of their successors or permitted assigns, shall have any liability for any obligations or Liabilities of any party hereto under
this Agreement or for any claim based on, in respect of or by reason of the Contemplated Transactions.

Section
11.11  Disclosure Schedules. The specification of any dollar amount in the representations and warranties contained
in this Agreement or the inclusion of any specific item in the Disclosure Schedule is not intended to imply that such amounts (or higher
or lower amounts) or such items are or are not material, and no party shall use the fact of the setting of such amounts or the fact of
the inclusion of any such item in the Disclosure Schedule in any dispute, claim, or controversy as to whether any obligation, item, or
matter not described herein or included in the Disclosure Schedule is or is not material for purposes of this Agreement. Any item of
information, matter, or document disclosed or referenced in, or attached to, the Disclosure Schedule shall not (a) be used as a basis
for interpreting the terms “material,” “Material Adverse Effect” or other similar terms in this Agreement or
to establish a standard of materiality, (b) represent a determination that such item or matter did not arise in the ordinary course of
business, or (c) constitute, or be deemed to constitute, an admission to any third party concerning such item or matter. The inclusion
of any item or matter in any part of the Disclosure Schedule with respect to a representation and warranty shall also be deemed to be
an inclusion for the purposes of any other representation and warranty to which it is reasonably apparent on its face that such item
or matter relates.

    	 	28	 

     

    

Section
11.12  Specific Performance. Each party agrees that the other would suffer irreparable damage if any provision
of this Agreement were not performed by it in accordance with the terms hereof and that each party shall be entitled to specific performance
of the terms hereof. Such remedy shall not be deemed to be the exclusive remedy for a breach by a party of this Agreement but shall be
in addition to all other remedies available at law or equity and neither party shall be required to post a bond in connection with it
seeking such equitable relief.

Section
11.13  Headings. The headings in this Agreement are for reference only and shall not affect the interpretation
of this Agreement.

Section
11.14 Conflict of Interest. If the Seller so desires, and without the need for any consent or waiver by the Group Companies, Parent,
or Buyer, Cooley LLP (“Cooley”) shall be permitted to represent the Seller after the Closing in connection with any matter,
including without limitation, anything related to the transactions contemplated by this Agreement, any other agreements referenced herein
or any disagreement or dispute relating thereto. Without limiting the generality of the foregoing, after the Closing, Cooley shall be
permitted to represent the Seller, any of its agents and Affiliates, or any one or more of them, in connection with any negotiation,
transaction or dispute (including any litigation, arbitration or other adversary proceeding) with Parent, Buyer, the Group Companies
or any of their agents or Affiliates under or relating to this Agreement, any transaction contemplated by this Agreement, and any related
matter, such as claims or disputes arising under other agreements entered into in connection with this Agreement, including with respect
to any Indemnification Claims. Upon and after the Closing, the Group Companies shall cease to have any attorney-client relationship with
Cooley, unless and to the extent Cooley is specifically engaged in writing by a Group Company to represent such Group Company after the
Closing and either such engagement involves no conflict of interest with respect to the Seller and Seller consents in writing at the
time to such engagement. Any such representation of the Seller by Cooley after the Closing shall not affect the foregoing provisions
hereof.

Section
11.15 Attorney-Client Privilege. Parent, Buyer, Seller and the Group Companies agree that any attorney-client privilege, attorney
work-product protection, and the expectation of client confidence attaching as a result of counsel’s (whether external or internal)
representation of the Group Companies in connection with the Contemplated Transactions, and all information and documents covered by
such privilege or protection (the “Covered Materials”), shall belong to and be controlled by the Seller, and not by Parent,
Buyer or any Group Company, following the Closing, and may be waived only by the Seller, and not any Group Company, and shall not pass
to or be claimed or used by Parent, Buyer or the Group Companies. Absent the consent of the Seller, none of Parent, Buyer nor any Group
Company shall have a right to access the Covered Materials following the Closing and, in the event Parent, Buyer or any Group Company
accesses Covered Materials in violation of this sentence, such access will not waive or otherwise affect the rights of the Seller with
respect to the related privilege or protection. Notwithstanding the foregoing, if a dispute arises between Parent, Buyer or a Group Company,
on the one hand, and a third party other than (and unaffiliated with) the Seller, on the other hand, after the Closing, then the Group
Company may assert such attorney-client privilege to prevent disclosure to such Covered Materials; and provided, further, that Parent,
Buyer and the Group Companies may not waive such privilege without the prior written consent of the Seller.

[Signature
page follows]

    	 	29	 

     

    

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

IN WITNESS
WHEREOF, the parties hereto have, as of the date first written above, (i) executed this Agreement or (ii) caused this Agreement to be
executed by their respective officers thereunto duly authorized, as applicable.

	THE
    PARENT:
	 
	SOCIETY
    PASS INCORPORATED

	 	 
	By:	 
	 	Dennis
    Nguyen, Chief Executive Officer
	 
	THE
    SELLER:

    AdActive
    Media, Inc.

	 
	 
	 	 
	By:	 
	 	Name:
    Dan Thorman
	 	Title:
    Chief Executive Officer

	THE
    BUYER:

	 
	THOUGHTFUL
    MEDIA GROUP INCORPORATED
	 	
	By:	 
	 	Dennis
    Nguyen, Chief Executive Officer

(Signature
Page to Stock Purchase Agreement)

    	 	30	 

     

    

DISCLOSURE
SCHEDULE

    	 	31	 

     

    

SCHEDULE
1

Note between
the Seller and the U.S. Small Business Administration dated June 22, 2020 with SBA Loan #1534538006.

Note between
TMG California and the U.S. Small Business Administration dated July 18, 2020 with SBA Loan #5264208107.

    	 	32	 

     

    

EXHIBIT
A

FORM
OF WARRANT

    	 	33	 

     

    

EXHIBIT
B

FORM
OF ASSUMPTION AGREEMENT

 

    	 	34

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