Document:

Exhibit 10.1

    

    
      
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      AGREEMENT

       

      协议

       

      Dated November 11, 2020 ("Effective Date")

       

      日期:2020年 11 月11  日(下称“生效日期”)

       

      Made by and between:

       

      契约方:

       

      	Party A:	
              Guangzhou Sino-Israel Bio-Industry Investment Fund (LLP), acting by its general partner Guangzhou Elim Biotech Industrial Venture Capital Management Company (“GIBF”),

            

       

      
        	
                甲方:

              	
                  广州中以生物产业投资基金合伙企业(有限合伙),执行事务合伙人为广州以琳生物产业创业投资管理有限公司(“中以基金” 或“甲方”),

              

      

       

      whose legal address is at: 6/F No.3 of Luoxuan Si Road, International Bio-island, Huangpu District, Guangzhou

       

                      注册地址:广州市黄埔区国
          际生物岛螺旋四路3号第六层           Authorized Representative: Yehoshua Jacob Gleitman, of Israeli nationality, with
        Israeli passport # 39009716,

       

                      委派代表:Yehoshua Jacob Gleitman,以色列国籍,以色列护照号39009716,

       

      e-mail address:  shuki@gibf-bio.com

       

      电子邮件地址:shuki@gibf-bio.com)

       

      	Party B:	
              InMode Ltd. (previously named Invasix Ltd.), Registered nu# 51-407361-8, whose legal address is at:  Tavor Building, Sha’arYokneam, P.O. Box 533, Yokneam 20692, Israel.

            

       

      
        	
                乙方:

              	
                 InMode Ltd.(公司曾用名为Invasix Ltd.),注册编号:51-407361-8,注册地址:Tavor Building, Sha’arYokneam, P.O. Box 533, Yokneam 20692, Israel.

              

      

       

      Legal Representative: Mr. Moshe Mizrahy, of Israeli nationality, with Israeli passport #39008840

       

      法定代表人:Moshe Mizrahy先生,以色列国籍,以色列护照号:39008840

       

      e-mail address: Moshe.Mizrahy@inmodemd.com

       

      电子邮件地址:Moshe.Mizrahy@inmodemd.com

       

      (“InMode”)

       

      (”InMode”或“乙方”)

       

      
        
          

      

      
      
        
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                Party C:

              	
                Guangzhou InMode Medical Technology Ltd.

              

      

       

      
        	
                丙方:

              	
                广州盈美特医疗科技有限公 司

              

      

       

      Guangzhou InMode Medical Technology Ltd., whose legal address is at: Unit 103-1 1/F, No.6 Luoxuan 3rd., Bio-Island, Guangzhou, and its Legal
        Representative: Moshe Mizrahy, of Israeli nationality, with passport # 39008840

       

      广州盈美特 医疗科技有限公司,注册地址:广州国际生物岛螺旋三路6号首层103-1 单元,其法定代表人: Moshe Mizrahy,以色列国籍,护照号:
        39008840

       

      e-mail address:  Moshe.Mizrahy@inmodemd.com

       

      电子邮件地址: Moshe.Mizrahy@inmodemd.com

       

      ("Company").

       

      (“公司”或“丙方”)。

       

      Each of GIBF and InMode shall be referred to hereinafter, as a "Party" and together, the "Parties").

       

      (中以基金和InMode以下单独称为“一方”, 统称为“双方”)。

       

      	WHEREAS,	
              The Parties and the Company executed a contract for the Establishment of Guangzhou InMode Medical Technology Ltd., dated September 23, 2016 ("JV Agreement") and has been operating the Company since
                January 11, 2017; and

            

      鉴于,双方和丙方于2016年9月23日订立了《广州盈美特医疗科技有限公司成立合同》(下称“合资协议”),且丙方已于2017年1月11日起投入运营;且

      

      

      	WHEREAS,	
              subject to the consideration, terms and conditions set out in this Agreement, GIBF wishes to sell to InMode and InMode wishes to purchase from GIBF all of GIBF's outstanding equities in the Company and all of its rights pursuant to the
                JV Agreement;

            

      鉴于,依本协议所述对价、条款和条件,甲方希望向乙方转让、乙方希望向甲方受让甲方在丙方的所有股权以及根据合资协议享有的所有权利;

      

      

      Now, Therefore, the Parties and the Company agree as follows:

      为此,双方与公司现约定如下:

      

      

      	1.	
              Swap

            

      换股

       

      

      	1.1.	
              Subject to the terms, conditions and representations set out in this Agreement, at the Closing (as such term is defined below), GIBF shall irrevocably sell, transfer, assign, convey and deliver to InMode, and InMode shall purchase (in
                consideration of the Ordinary Shares, as defined below) from GIBF all of GIBF's Shares in the Company and any additional right to securities, if any ("GIBF Shares"), free and clear of any and all
                encumbrances, liens, pledges, security interests and third parties' rights.在本协议所述条款、条件与声明的规限下,在交割 (定义见下文)时,甲方须不可撤销地出售、转移、转让、让与并交付给乙方,而乙方则须以其发行的普通股(定义见下文)向甲方购买甲方在丙方的所有股权及任何其他证券权利(如有)(下称“甲方股权”),且无附带任何产权
                负担、留置权、质押物、担保 权益和第三方权利。

            

      

      

      
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      	1.2.	
              As full and final consideration for the performance by the Company and GIBF of their obligations pursuant to this Agreement, including the sale, transfer and assignment of GIBF's Shares in the Company to InMode, InMode will pay GIBF at
                the Closing a purchase consideration of US $2,700,000 (the "Purchase Consideration") to be paid by issuance of 62,457 Ordinary Shares of InMode (the "Ordinary Shares"),
                representing a fixed price per share reflecting the closing price for InMode's ordinary shares quoted on NASDAQ on November 10, 2020, to be delivered to GIBF at the Closing ("Effective Date Price").
                Upon receipt of irrevocable instructions by GIBF, the Ordinary Shares may be issued to GIBF's designated and fully owned subsidiary ("GIBF Sub").

            

      作为丙方和甲方根据本协议履行其各自义务(包括将甲方在丙方的股份出售、转移并转让给乙方)之充分及最终对价,乙方须于交割时,依照拟于交割时交付予甲方之乙方普通股在2020年11月10日于 纳斯达克市场的交割价作为每股固定价格,向甲方支付发行【          】股乙方普通股(下称“普通股”)的共计270万美元购买对价(下称“购买对价”)。接获甲方不可撤销的指示后,上述普通股亦可向甲方指定的全资子公司(下称“甲方子公司”)发行。

      

      

      	1.3.	
              The Ordinary Shares issued by InMode to GIBF and/or transferred from InMode's treasury Stock (Dormant Shares) shall not be registered for trade and their resale by GIBF shall be subject to available exemptions of GIBF. The costs
                associated in order to hold the Ordinary Shares and resale them shall be borne by GIBF. In order to issue the Ordinary Shares, GIBF shall provide the needed documents, opinions and information.

            

      乙方向甲方发行的普通股,及/或从乙方库存股票(休眠股)中 转出的普通股,均不得登记入市交易,甲方在转售该普通股时须先取得相关豁免。持有及转售该普通股的相关费用由甲方承担。为顺利发行该普通股,甲方须提供所需的有关文件、意见和资料。

      

      

      	2.	
              Termination

            

      终止

       

      

      	2.1.	
              At the Closing, (i) the JV Agreement including all schedules and exhibits related thereto (specifically excluding the License Agreement attached as Exhibit 19.1.11 to the JV Agreement) which shall continue to bind solely InMode and the
                Company), shall automatically and irrevocably terminate, and shall have no further force and effect; and (ii) any and all agreements between GIBF and the Company, shall automatically terminate as of the Closing.

            

      在交割时,(i)合资协议及其所有附表及附件(合资协议附件19.1.11所附《许可协议》明确排除在外,该《许可协议》继续仅对乙方和丙方具有约束力)应自动且不可撤销地终止,且不再具有效力;且(ii)甲方与丙方所订立之所有协议,于 交割时即告终止。

      

      

      
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      	2.2.	
              Each Party hereby irrevocably and unconditionally forever discharges, waives and releases, effective as of the Closing, any and all rights, claims and causes of action assertible against the Company and against the other Party, including
                its directors, in respect of the establishment of the Company, including, without limitation: (i) the performance and termination of the JV Agreement and any other terminated agreement pursuant to this Agreement; and (ii) any acts and
                omissions of the other Party or the Company occurring prior to the Closing related to the operation of the Company.

            

      自交割之日起,双方特此不可撤销且无条件地永久免除、放弃和解除可就丙方的设立事宜,针对丙方和另一方(及其董事)主张的所有权利、申索和诉由,包括但不限于:(i)合资协议的履行和终止,以及根据本协议终止的任何其他协议;及(ii)另一方或丙方在交割前发生的与丙方经营有关的任何作为或不作为。

      

      

      	2.3.	
              At the Closing, all the GIBF appointed officers, directors and signatories of the Company, including without limitation, the individuals listed in Annex 2.3 hereto, shall resign.

            

      在交割时,所有由甲方提名的丙方高级职员、董事及签署人,包括但不限于本协议附件2.3所列人员,均须辞职。

      

      

      	2.4.	
              The Non-Compete undertakings signed by Mr. Moshe Mizrahy and InMode towards the Company shall terminate at the Closing.

            

      Moshe Mizrahy先生和乙方对丙方签署的竞业禁止 承诺书将于交割时终止。

      

      

      	3.	
              Services

            

      服务

       

      

      	3.1.	
              GIBF agrees to provide InMode with reasonable and necessary administrative assistance related to the Company in Guangzhou, pre-and-post Closing, in order to seamlessly make the transfer of the Company into an operable WOFE ("Services"). These Services will include assistance with the Company's bank, local and state authorities, leased premises, replacing Company's signatories and representatives of the Company which are
                currently representatives of GIBF. The Services will be limited to 6 months post-Closing.

            

      甲方同意于交割前后在广州向乙方提供有关丙方的必要合理协助,确保使丙方无缝转变为可正常运作的外商独资企业(下称“服务”)。这些服务包括:协助丙方处理银行事务、与地方和国
        家当局对接、租赁场地、撤换丙方内目前属甲方代表人身份的丙方签署人及代表。以上服务须在交割后6个月内完成。

      

      

      	3.2.	
              For these Services, and subject to the approval of InMode's Compensation Committee and Board of Directors, InMode will grant to GIBF options to purchase ordinary shares of InMode in accordance with the following terms, and additional
                customary provisions as shall be further included in an Option Award Agreement to be executed between InMode and GIBF (the "Options"):

            

      对于以上服务,经薪酬委员会和董事会批准后,乙方应根据以下条款,以及在双方间所签署《期权授予协议》中应进一步规范的其他惯例条款,授予甲方购买乙方普通股票的期权(下称“期权”):

      

      

      	

            	3.2.1.	
              The Options shall be granted at the Closing and subject thereto, under and pursuant to the provisions of InMode's 2018 Incentive Plan.

            

      该期权应在且仅在交割时根据乙方的《2018年激励计划》之规 定进行授予。

       

      

      
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            	3.2.2.	
              No. of Options: 6,500

            

      期权数目:6,500

      	

            	3.2.3.	
              Exercise Price: Effective Date Price.

            

      行权价:生效日期价格

      	

            	3.2.4.	
              Vesting: quarterly, over 4 calendar quarters, as follows: 1,625 options to vest on each of March 31, 2021; June 30, 2021; September 30, 2021 and December 31, 2021.

            

      授予:每季度一次,4个日历季度以上。具体如下:分别在2021年3月31日、2021年6月30日、2021年9月30日、2021年12月31日 每次授予1625股期权。

      	

            	3.2.5.	
              It is clarified that if the Closing does not occur, the Options shall not be due even if certain pre-Closing Services were provided.

            

      经澄清,如果未发生交割,即使提供了某些交割前服务,上述期权亦不得生效。

      	

            	3.2.6.	
              Exercise Period: 7 years, irrespective of termination of Services.

            

      行权期:7年,无论上述服务是否终止。

      	

            	3.2.7.	
              GIBF may irrevocably instruct InMode, to grant the Options and/or issue the Option Shares upon exercise ("Option Shares") to GIBF Sub.

            

      甲方可下达不可撤销的指示,要求乙方在行权时将期权授予甲方子公司,且/或 将期权股(下称“期权股”)发行给甲方子公司。

      

      

      	4.	
              Pre Closing Period - Filings and Consents

            

      交割前期间——备案与同意

      As promptly as practicable after the execution of this Agreement (the "Pre-Closing Period"), each Party to this Agreement and the
        Company shall (a) make all needed filings and give all notices required to be made and given by such Party in connection with the transactions contemplated by this Agreement, and (b) use all commercially reasonable efforts to obtain all consents,
        permits and licenses required to be obtained (pursuant to any applicable legal requirement or contract, or otherwise) by such Party in connection with the transactions contemplated by this Agreement.

      在本协议签署后(下称“交割前期间”),本协议双方及丙方应在合理可行的情况下,尽快(a)就本协议所述交易提交所有需要提交的文件,并发出所有需要该方发出的通知,且(b)尽一切商业上合理的努力,获取该方就本协议所述交易需要获得的所有同意、许可和执照(依照任何适用法律要求或合同
        或其他规定执行)。

      Each Party to this Agreement shall (upon request) promptly deliver to the other Party a copy of each such filing made, each such notice given and each such consent obtained by
        such Party during the Pre-Closing Period.

      本协议双方应当(应要求)及时向其他方提供该方在交割前期间内所提交、发出并获取的所有上述文件、通知及同意的副本。

      Each of the parties hereto shall perform such further acts and execute such additional documents as may be reasonably required to effectuate the transactions contemplated
        hereby.

      本协议双方应履行和签署为实现本协议所述交易而合理需要履行并签署的其他行动和文件。

      

      

      
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      	5.	
              Closing

            

      交割

      The Closing shall take place remotely by exchange of executed instruments within 3 business days after all the Closing Conditions set out below have been fulfilled to the
        satisfaction of the Parties which shall not be later than January 31, 2021, unless agreed otherwise by the Parties ("Closing"), all or part of which may be waived by InMode (except for such under Section
        5.2.5, Section 5.2.6, Section 5.3 and such other Closing Conditions which are under the responsibility of InMode, any of which may only be waived by GIBF). For avoidance of doubt, each party has no obligation to complete the Closing before all
        below Closing Conditions have been duly satisfied or waived; in the event that Closing has not occurred by January 31, 2021, each party of this Agreement is entitled to terminate this Agreement by sending written notice to the other parties and
        shall be free from any liability for any damages or compensations.

      在下列所有交割条件均已满足并令各方满意后的3个工作日内 (不迟于2021年1月31日),应通过交换已签署文书进行远程交割,除非各方另有约定(下称“交割”),乙方可全部或部分放弃(但第5.2.5、第5.2.6、第5.3条下的交割条件以及其他乙方负责的交割条件除外,该等条件
        仅能由甲方放弃)。为免疑问,在下述交割条件全部获得满足或被适当豁免之前,双方均无义务进行交割;且若交割在2021年1月31日前(含该日)仍未发生,本协议任一方有权单方书面通知其他签署方后终止本 协议而无需就此承担任何赔偿责任。

      

      

      The "Closing Conditions" are:

      “交割条件”为:

       

      

      	

            	5.1.	
              Status Change of the Company:

            

      丙方状态变更:

      Signed copies or official copies of all application documents for any approvals required under Chinese Law, for the change of status of the Company from an Equity Joint Venture
        Company to a Chinese foreign wholly owned enterprise ("WFOE"), which shall include the following, have been obtained (and scanned copies have been delivered to InMode):

      依照中国法律,丙方由合营丙方变更为中国外商独资企业(下称“外商独资企业”)所需一切批准的申请文件的签署本或正式版本已悉数取得(且扫描版本已交付给乙方),其中包括:

      

      

      	

            	5.1.1.	
              a new form of Amended and Restated Articles of Association reflecting the transformation of the Company from an Equity Joint Venture Company to a WFOE has been executed, and such new form of Amended and Restated Articles of Association
                has gone through a preliminary reviewed by the authority, attached herein as Schedule 5.1.1.

            

      反映丙方由合营丙方转变为外商独资企业的新版《经修订和重述的公司章程》已经签署且经审批机关预审。

      

      

      
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            	5.2.	
              Corporate related documents to be delivered upon Closing have been obtained (and scanned copies have been delivered to both GIBF and InMode by the obtaining party):

            

      应于交割时交付的相关文件已取得(且扫描版本已由取得方向双方交付):

      	

            	5.2.1.	
              Resignation from the Company of all GIBF appointed directors, supervisors and officers including the financial manager, which shall come into effect upon Closing, in the form attached hereto as Schedule
                    5.2.1;

            

      于交割日起生效的甲方向丙方委派的全体董事、监事和高级职员(包括财务经理)从丙方辞职的辞职信,格式如本协议附表5.2.1所示;

      	

            	5.2.2.	
              Appointment of replacing directors, supervisors and officers including financial manager as is required in order to comply with applicable laws, in the form attached hereto as Schedule 5.2.2.

            

      为使丙方满足适用法律的要求,任命接替董事、监事和高级职员(包括财务经理)的相关文件,格式如本协议附表5.2.2所.

      	

            	5.2.3.	
              Board resolutions of the Company approving the transactions contemplated by this Agreement and adopting any additional resolutions needed in order to give full effect to the transaction set out herein, in the form attached hereto as Schedule 5.2.3.

            

      丙方批准本协议所述交易之董事会决议,以及通过为使本协议所述交易充分生效所需之任何其他决议,格式如本协议附表5.2.3所示。

      	

            	5.2.4.	
              Shareholders meeting resolutions of the Company adopting the needed resolutions in order to give full effect to the transaction set out herein, and in the form attached hereto as Schedule 5.2.4.

            

      通过为充分实施本协议所述交易所需决议的股东会决议,格式如本协议附表5.2.4所示。

      	

            	5.2.5.	
              Compensation Committee and Board resolution of InMode approving the transactions contemplated by this Agreement including the issuance of the Ordinary Shares (or the transfer from treasury stock) and the grant of the Options have been
                adopted, in the form attached hereto as Schedule 5.2.5.

            

      乙方的薪酬委员会和董事会批准本协议所述交易(包括发行普通股(或从库存股中转出)及授予期权)的决议均获通过,格式如本协议附表5.2.5所示。

      	

            	5.2.6.	
              Investment Committee resolutions of GIBF approving the transactions contemplated by this Agreement have been obtained, in the form attached hereto as Schedule 5.2.6.

            

      甲方投资委员会批准本协议所述交易的决议已经取得,格式如本协议附表5.2.6所示。

      	

            	5.2.7.	
              Irrevocable instructions by GIBF instructing InMode to issue the Ordinary Shares / Option Shares to GIBF Sub, in the form attached hereto as Schedule 5.2.7;

            

      甲方指示乙方将普通股/期权股发行给甲方子公司的不可撤销的 指示,格式如本协议附表5.2.7所示;

       

      

      
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            	5.2.8.	
              Corporate documents and information of GIBF/ GIBF Sub required by InMode (attached hereto as Schedule 5.2.8) for the Issuance of the Ordinary Shares and the Option Shares with its transfer
                agent.

            

      乙方要求甲方/甲方子公司提供的,经其转让代理人发行普通股 和期权股所需的公司文件和信息,内容如本协议附表5.2.8所 示。

      	

            	5.2.9.	
              Confirmation by GIBF Sub to be bound by the terms of this Agreement as the recipient of the Ordinary Shares and/or the Options and/or the Option Shares, in the form attached hereto as Schedule 5.2.9.

            

      甲方子公司确认作为普通股和/或期权和/或期权股的接受者受本协议条款约束的确认函,格式如本协议附表5.2.9所示。

      	

            	5.2.10.	
              Electronic share certificate which reflects GIBF / GIBF Sub has been duly issued to GIBF/GIBF Sub;

            

      反映甲方/甲方子公司取得本协议第1.2条所述普通股的电子股份证书已妥为出具;

      	

            	5.2.11.	
              Option Agreement to be signed by GIBF/ GIBF Sub in the form customary to InMode which shall reflect the terms set out in Section 3 above, in the form attached hereto as Schedule 5.2.11.

            

      拟由甲方/甲方子公司以反映上述第3条所列条款的惯常形式签署的《期权协议》,格式如本协议附表5.2.11所示。

      

      

      	

            	5.3.	
              ODI Approvals

            

      境外投资核准文件

      

      

      	

            	5.3.1.	
              On or prior to the Closing of this Agreement, GIBF and/or GIBF Sub have obtained all necessary approvals, registrations and filings regarding outbound investment at all relevant PRC authorities (including but not limited to branches of
                Ministry of Commerce, National Development and Reform Commission) for holding Ordinary Shares and related investments contemplated under this Agreement.

            

      甲方和/或甲方子公司就其持有普通股及本协议项下相关境外投资行为在所有相关的中国境内主管机关(包括但不限于商务部和发改委的地方分支机构)取得了所有必需的审批、登记、备案手续。

      

      

      	

            	5.4.	
              Representations, Warranties and Covenants

            

      声明、保证与承诺

      

      

      	

            	5.4.1.	
              The representations and warranties made by each Party and the Company in this Agreement, shall have been true and correct when made, and shall be true and correct as of the Closing.

            

      甲乙双方任一方及公司在本协议中所作的声明与保证,在作出时及交割时均属真实无误。

      

      

      
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            	5.4.2.	
              All covenants, agreements and conditions contained in this Agreement to be performed, or complied with, by InMode prior to or at the Closing shall have been performed or complied with by InMode prior to or at the Closing.

            

      本协议中包含的乙方在交割前或交割时应履行或遵守的所有承诺、协议和条件,应在交割前或交割时已履行或遵守。

       

      

      	

            	5.5.	
              Bank Related documents:

            

      银行相关文件:

      	

            	5.5.1.	
              the documents listed in Annex 5.5.1, as required by the Bank;

            

      银行要求提供的相关文件,本协议附件5.5.1所列;

       

      

      	

            	5.6.	
              Books and records:

            

      账簿与记录:

      	

            	5.6.1.	
              Transfer to InMode of all the Company's Books and Records (in physical and electronic form) including access to all of the Company's computerized systems.

            

      将丙方所有的账簿和记录(实物和电子形式)移交给乙方,包括丙方所有的计算机系统。

      

      

      	6.	
              Representation and Warranties by the Parties and the Company

            

             诸缔约方和丙方的声明与保证

       

      Each of the Parties and the Company covenants, represents and warrants that, as of the date hereof and as of the Closing:

       截至本协议签署之日和交割日,甲乙双方和丙方承诺、声明并保证:

       

      	6.1.	
              It has full power and authority to execute and deliver this Agreement and any other agreement contemplated hereby, to carry out its obligations hereunder and to consummate the transactions contemplated on its part. This Agreement has
                been duly executed and delivered by it and constitutes a legal, valid and binding agreement, enforceable against it in accordance with its terms;

            

      其具有充分的权力和授权签署并交付本协议以及依据本协议预期的其它协议,履行其在本协议项下的义务并完成预期的交易。本协议已由其适当签署并交付,构成了合法、有效并具有约束力的协议,可以 依据其条款对其强制执行;

       

      	6.2.	
              The execution and delivery of this Agreement by it, the performance by it of its obligations hereunder and thereunder and the consummation by it of the transactions contemplated hereby and thereby will not violate any provision of law,
                rule, regulation, order, writ, judgment, injunction, decree, determination or award applicable to it, or any agreement to which it is a party or any undertaking it undertook towards any third party;

            

      其签署并交付本协议、履行本协议及其它协议项下的义务以及完成依据本协议和其它协议预期的交易等均不会违反适用于其的法律、法规、规章、命令、令 状、判决、禁令、法令、裁定或裁决,或者其与缔约方签订的任何协议或者其对任何第三方做出的承诺;

       

      
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      	6.3.	
              Compliance with the terms of this Agreement does not require, except as referred to in this Agreement, the consent (or agreement) of any person who is not a party hereto, including any governmental or judicial authority.

            

      除本协议所提到的认可(或同意)之外,遵守本协议条款不需要取得除本协议缔约方之外的任何人士(包括任何政府或司法机关)的认可(或同意)。

       

      	7.	
              Representations and Warranties by InMode

            

         乙方的声明和保证

       

      InMode covenants, warrants and represents, as of the date hereof and as of the Closing, that:

      乙方于本协议签订之日及交割完成之日承诺、保证和声明如下:

       

      	7.1.	
              Organization. InMode is a Public corporation duly organized, validly existing and in good standing under the laws of Israel having its shares traded in NASDAQ, with corporate power to carry on its business as now being conducted.

            

      组织。乙方是一家根据以色列法律正式组织、有效存续且信誉良好的上市公
          司,其股票已在纳斯达克上市交易,并具备开展当前业务的公司权力。

      

      

      	7.2.	
              SEC Filings; Financial Statements. InMode has filed all required forms, reports and documents with the US Securities Exchange Commission and in compliance with NASDAQ rules since its IPO in August 2019, each of which has complied
                in all material respects with all applicable requirements of the Securities Act and the Exchange Act and the rules and regulations promulgated thereunder, each as in effect on the dates such forms, reports, and documents were filed.

            

      SEC备案文件;财务报表。自2019年8月的IPO以来,乙方已按美国证券交易委员会的要求,以及纳斯达克的规定提交了所有相关表格、报告和文件,且各项表格、报告和文件在所有重大方面均符合《证券法》、《交易法》及其颁布的规章制度的所有适用要求,并在各项表格、报告和文件提交之日
        已属有效。

      

      

      	7.3.	
              Valid Issuance. The Ordinary Shares to be issued by InMode to GIBF and/or transferred from InMode's treasury Stock (Dormant Shares) in the transactions contemplated by this Agreement will, when issued in accordance with the
                provisions of this Agreement, be validly issued, fully paid and non-assessable, not subject to pre-emptive rights, and free and clear of all debts, liens, encumbrances, taxes, charges, claims and any rights of third parties. Except the GIBF
                Shares as referred to in this Agreement, no further consideration shall be paid by GIBF to subscribe and hold the Ordinary Shares issued by InMode, before and after the execution of this Agreement.

            

      有效发行。
        在本协议所述交易中乙方拟向甲方发行及/或从乙方库存股票(休眠股)中转出之普通股,在按照本协议规定发行时,即属有效发行、全额付讫且不加缴,不受优先认购权的约束,无任何债务、留置权、产权负担、税费、费用、申索和任何第三方权利。除本协议所述的甲方股权外,甲方在本协议签署前和签署后,均无需支付其他对价以认购或持有乙方发行的普通股。

      

      

      
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      	8.	
              Representations and Warranties by GIBF

            

      甲方的声明与保证

      GIBF covenants, warrants and represents, as of the date hereof and as of the Closing, that:

      甲方于本协议签订之日及交割完成之日承诺、保证和声明如下:

       

      	8.1.	
              The GIBF Shares constitute the whole of the allotted and issued share capital of the Company owned by GIBF and are fully paid or credited as fully paid. There are no outstanding warrants, options or other commitments that are convertible
                into shares or any other type of securities of the Company, except for the shares held by InMode.

            

      甲方股权构成了由甲方在丙方拥有,且已全额付讫或视同全额付讫的全部已配发和发行的股份。除乙方所持股份外,丙方并无可转换为股份或任何其他类型证券的任何发行在外的认股权证、期权或其他承诺。

      

      

      	8.2.	
              GIBF is the sole legal and beneficial owner of the GIBF Shares and is entitled to transfer the legal and beneficial title to the GIBF Shares to InMode free from any and all encumbrances, liens, charges, pledges and third party rights
                without the consent of any other person, except as set out under the Closing Conditions.

            

      甲方为甲方股权之唯一合法及实益拥有人,并有权将甲方股权之合法及实益所有权转让给乙方,而不受任何产权负担、留置权、押记、质押及第三方权利之约束,亦无须任何其他人的同意,但本协议交割条件提及的除外。

      

      

      	8.3.	
              There are no outstanding loans or amounts due to GIBF from the Company or from InMode.

            

      丙方或乙方无欠甲方的任何贷款或款项。

      

      

      	8.4.	
              GIBF is not actually aware of any breaches or deficiencies by the Company towards authorities and third parties.

            

      据甲方所知,丙方并无对当局及第三方的任何违约或缺陷行为。

      

      

      	8.5.	
              No person has any right to require, at any time, the transfer, creation, issue or allotment of any share, loan capital or other securities of the Company.

            

      任何人均无权在任何时候要求转让、创立、发行或配发丙方的任何股份、借入资本或其他证券。

      

      

      	8.6.	
              The only information provided by InMode to GIBF with respect to InMode and the Ordinary Shares, is the information publicly available on the EDGAR site: https://www.sec.gov/edgar/search/#/q=Inmode&dateRange=all&startdt=1995-06-01&enddt=2020-04-21

            

      乙方向甲方提供的有关乙方和普通股的信息,仅限EDGAR网站:https://www.sec.gov/edgar/search/#/q=Inmode&dateRange=all&startdt=1995-06-01&enddt=2020-04-21 上的已公开信息

      And GIBF does not rely on any other information concerning InMode and/or the Ordinary Shares except those set out in InMode's public fillings. InMode made no representations
        nor warranties with respect to the Ordinary Shares, except as set out in this Agreement.

      除乙方的公开信息外,甲方并不依赖于有关乙方和/或普通股的 任何信息。除本协议所述声明及保证以外,乙方未就普通股作出任何其他声明或保证.

      

      

      
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      	9.	
              Confidentiality

            

      保密规定

       

        

      The provisions of Section 41 of the JV Agreement shall survive the termination of the JV Agreement and shall continue to bind the Parties and the Company without time limit,
        except that a Party shall no longer have the right to use the confidential information of the Company (or of InMode) for any reason, and InMode and the Company shall no longer have the right to use the confidential information of GIBF.

      合资协议第41条规定在合资协议终止后仍然有效,并继续无限 期对双方及丙方具有约束力,但一方不再有权以任何理由使用丙方(或乙方)的机密信息,且乙方和丙方亦不再有权使用甲方的机密信息。

      

      

      	10.	
              Costs

            

       

      费用

       

      Each party of this Agreement shall be responsible for its respective costs incurred in connection with the preparation, negotiation and execution of this Agreement and the
        transaction documents contemplated hereunder as well as all relevant matters up to (and including) the Closing. Save as otherwise agreed, each party of this Agreement shall be responsible for its own obligations to pay for all stamp or other
        issuance or transfer taxes or duties and capital gains, income tax and other taxes on net profit arising from the execution, delivery and performance of relevant transaction
        documents.本协议的各方应各自承担与准备、协商谈判和签署本协议及本协议项下交易文件及所有有关事项的直至(并包括)交割的有关费用。除另有约定外,任何一方应当各自承担己方应支付的所有印花、股份发行或转让税项、资本收入税、所得税及任何其他因签署、交付并履行相关交易文件而产生的净利润方面的其他税项。

       

      	11.	
              Miscellaneous

            

       其他

       

      	11.1.	
              Further Assurances. Each of the parties hereto shall perform such further acts and execute such further documents as may reasonably be necessary to carry out and give full effect to the provisions of this Agreement and the
                intentions of the parties as reflected thereby.

            

       进一步保证。本协议双方应履行并签署为执行 本协议的规定及其所反映的双方意图并使之充分生效而合理必要的任何其他行动和文件。

       

      
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      	11.2.	
              Public Announcement. GIBF confirms and acknowledges that being a public Company subject to the reporting requirements of the US Securities Exchange Commission and the NASDAQ rules, InMode will be required to file, upon the Effective Date
                or immediately following the Effective Date, a public announcement with the Securities and Exchange Commission publicly announcing the transactions contemplated under this Agreement, accompanied by a copy of this Agreement.

            

       公告。甲方知悉并确认其作为一家上市公司受限于美国证券交易委员会的披露要求及纳斯达克上市规则。乙方于生效日期当天或紧随生效日期后将需就本协议项下所涉交易内容向证券交易委员会提交一份公告及本协议的副本。

       

      	11.3.	
              Governing Law and Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of the Republic of China, without regard to its principles concerning conflicts of laws. All disputes, questions or
                differences whatsoever which shall at any time hereafter arise between the Parties hereto (including the Company) or their respective representatives or any of them, and which the Parties are unable to settle amicably between them,
                concerning or relating to this Agreement or the validity, construction, meaning, operation or effect thereof, or any clause herein contained, or as to the rights, duties or liabilities of the Parties hereto under or by virtue of this
                Agreement, shall be finally settled under the Rules of Arbitration of the International Chamber of Commerce by one (1) arbitrator appointed in accordance with the said Rules. Arbitration proceedings shall take place in Israel and be
                conducted in the English language. Judgment upon any award rendered by the arbitrator may be entered in any court having jurisdiction or application may be made to such court for a judicial acceptance of the award and an order of
                enforcement as the case may be. As between the Parties, unless otherwise provided by the applicable laws, the English version of this Agreement and any other transaction document will prevail.

            

       适用法律与司法管辖权。本协议应受中国法律的管辖
        并据其进行解释,不考虑其有关法律冲突原则。本协议双方(包括丙方)或其各自代表或任何一方今后在任何时候产生的有关或关乎本协议或其有效性、解释、含义、运作或效力,或本协议所含条款或本协议双方在本协议项下或依据本协议的权利、职责或责任的所有争议、疑问或分歧,凡属双方无法友好解决的,均由一(1)名仲裁员根据《国际商会仲裁规则》最终解
        决。仲裁程序应在以色列以英语进行。对于该仲裁员作出的任何裁决,可在任何具有管辖权的法院作出判决,也可以向该法院申请对该裁决和执行命令(视情况而定)进行司法采纳。在双方之间,本协议和任何其他同时以英文和中文起草的交易文件均以英语版本为准,但适用法律另有规定的除外。

       

      	11.4.	
              Entire Agreement;  Amendment and Waiver. This Agreement constitutes the full and entire understanding and agreement between the Parties (including the Company) with regard to the subject matters hereof and thereof and supersedes
                any prior oral or written agreement concerning the subject matters hereof (including the relevant sections of the JV Agreement).

            

       完整协议以及修订与弃权。本协议构成双方 (包括丙方)间就本协议主题的充分及完整的谅解和约定,并取代关于本协议及其他协议主题的一切事先口头或书面协议(包括合资协议的相关内容)。

       

      
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      	11.5.	
              Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original and enforceable against the parties actually executing such counterpart, and all of which together shall
                constitute one and the same instrument.

            

       副本。本协议可签署任意数量的副本,每份副 本均视同原件,可对实际执行该副本的各当事人强制执行,且所有副本共同构成同一份文书。

       

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      【本页下方特意留白】

       

      
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      [Signature Page to Agreement dated November 11, 2020]

       

      【于2020年11月11日  生效之协议的签署页】

       

      Guangzhou Sino-Israel Bio-Industry Investment Fund (LLP)

      广州中以生物产业投资基金合伙企业(有限合伙)

       

      By: its General Partner, Guangzhou Elim Biotech Industrial Venture Capital Management Company

      执行事务合伙人: 广州以琳生物产业创业投资管理有限公司

       

      Authorized Representative

      委托代表签字: _______________

       

      Date: November 11, 2020

      日期:2020年11月11日

       

      InMode Ltd.

       

      Legal Representative

      法定代表人: _______________

       

      Date: November 11, 2020

      日期:2020年11月11日

       

      Guangzhou InMode Medical Technology Ltd.

      广州盈美特医疗科技有限公司

       

      Legal Representative

      法定代表人: _______________

        

      

      Date: November 11, 2020

      日期:2020年11月11日

       

      

      

    

  

  15EXHIBIT 10.1

 

NEITHER
THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT
BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN
A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY
BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.

 

 

Principal Amount: $53,500.00                         Issue Date: November
2, 2020

Purchase Price: $53,500.00

 

 

CONVERTIBLE
PROMISSORY NOTE

 

FOR
VALUE RECEIVED, BANTEC, INC., a Delaware corporation (hereinafter called the “Borrower”), hereby promises
to pay to the order of GENEVA ROTH REMARK HOLDINGS, INC., a New York corporation, or registered assigns (the “Holder”)
the sum of $53,500.00 together with any interest as set forth herein, on November 2, 2021 (the “Maturity Date”), and
to pay interest on the unpaid principal balance hereof at the rate of ten percent (10%)(the “Interest Rate”) per annum
from the date hereof (the “Issue Date”) until the same becomes due and payable, whether at maturity or upon acceleration
or by prepayment or otherwise. This Note may not be prepaid in whole or in part except as otherwise explicitly set forth herein.
Any amount of principal or interest on this Note which is not paid when due shall bear interest at the rate of twenty two percent
(22%) per annum from the due date thereof until the same is paid (“Default Interest”). Interest shall commence accruing
on the date that the Note is fully paid and shall be computed on the basis of a 365-day year and the actual number of days elapsed.
All payments due hereunder (to the extent not converted into common stock, $0.0001 par value per share (the “Common Stock”)
in accordance with the terms hereof) shall be made in lawful money of the United States of America. All payments shall be made
at such address as the Holder shall hereafter give to the Borrower by written notice made in accordance with the provisions of
this Note. Each capitalized term used herein, and not otherwise defined, shall have the meaning ascribed thereto in that certain
Securities Purchase Agreement dated the date hereof, pursuant to which this Note was originally issued (the “Purchase Agreement”).

 

This Note
is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive
rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof.

 

    1

     

    

 

The following terms shall apply to this Note:

Article
I. ARTICLE I. CONVERSION RIGHTS

1.1              
Conversion Right. The Holder shall have the right from time to time, and at any time during the period beginning on the
date which is one hundred eighty (180) days following the date of this Note and ending on the later of: (i) the Maturity Date
and (ii) the date of payment of the Default Amount (as defined in Article III), each in respect of the remaining outstanding amount
of this Note to convert all or any part of the outstanding and unpaid amount of this Note into fully paid and non-assessable
shares of Common Stock, as such Common Stock exists on the Issue Date, or any shares of capital stock or other securities of the
Borrower into which such Common Stock shall hereafter be changed or reclassified at the conversion price (the “Conversion
Price”) determined as provided herein (a “Conversion”); provided, however, that in no event shall
the Holder be entitled to convert any portion of this Note in excess of that portion of this Note upon conversion of which the
sum of (1) the number of shares of Common Stock beneficially owned by the Holder and its affiliates (other than shares of Common
Stock which may be deemed beneficially owned through the ownership of the unconverted portion of the Notes or the unexercised
or unconverted portion of any other security of the Borrower subject to a limitation on conversion or exercise analogous to the
limitations contained herein) and (2) the number of shares of Common Stock issuable upon the conversion of the portion of this
Note with respect to which the determination of this proviso is being made, would result in beneficial ownership by the Holder
and its affiliates of more than 4.99% of the outstanding shares of Common Stock. For purposes of the proviso to the immediately
preceding sentence, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of
1934, as amended (the “Exchange Act”), and Regulations 13D-G thereunder, except as otherwise provided in clause (1)
of such proviso. The beneficial ownership limitations on conversion as set forth in the section may NOT be waived by the Holder.
The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing the Conversion
Amount (as defined below) by the applicable Conversion Price then in effect on the date specified in the notice of conversion,
in the form attached hereto as Exhibit A (the “Notice of Conversion”), delivered to the Borrower by the Holder in
accordance with Section 1.4 below; provided that the Notice of Conversion is submitted by facsimile or e-mail (or by other means
resulting in, or reasonably expected to result in, notice) to the Borrower before 6:00 p.m., New York, New York time on such conversion
date (the “Conversion Date”); however, if the Notice of Conversion is sent after 6:00pm, New York, New York time the
Conversion Date shall be the next business day. The term “Conversion Amount” means, with respect to any conversion
of this Note, the sum of (1) the principal amount of this Note to be converted in such conversion plus (2) at the Holder’s
option, accrued and unpaid interest, if any, on such principal amount at the interest rates provided in this Note to the Conversion
Date, plus (3) at the Holder’s option, Default Interest, if any, on the amounts referred to in the immediately preceding
clauses (1) and/or (2) plus (4) at the Holder’s option, any amounts owed to the Holder pursuant to Sections 1.4 hereof.

 

1.2               Conversion
Price. The Conversion Price shall be equal to the Variable Conversion Price (as defined herein)(subject to equitable
adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower’s securities
or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary
distributions and similar events). The "Variable Conversion Price" shall mean 60% multiplied by the Market Price
(as defined herein) (representing a discount rate of 40%). “Market Price” means the lowest Trading Price (as
defined below) for the Common Stock during the twenty (20) Trading Day period ending on the latest complete Trading Day prior
to the Conversion Date. “Trading Price” means, for any security as of any date, the closing bid price on the
OTCQB, OTCQX, Pink Sheets electronic quotation system or applicable trading market (the “OTC”) as reported by a
reliable reporting service (“Reporting Service”) designated by the Holder (i.e. Bloomberg) or, if the OTC is not
the principal trading market for such security, the closing bid price of such security on the principal securities exchange
or trading market where such security is listed or traded or, if no closing bid price of such security is available in any of
the foregoing manners, the average of the closing bid prices of any market makers for such security that are listed in the
“pink sheets”. If the Trading Price cannot be calculated for such security on such date in the manner provided
above, the Trading Price shall be the fair market value as mutually determined by the Borrower and the holders of a majority
in interest of the Notes being converted for which the calculation of the Trading Price is required in order to determine the
Conversion Price of such Notes. “Trading Day” shall mean any day on which the Common Stock is tradable for
any period on the OTC, or on the principal securities exchange or other securities market on which the Common Stock is then
being traded.

 

    2

     

    

 

1.3              
Authorized Shares. The Borrower covenants that during the period the conversion right exists, the Borrower will reserve
from its authorized and unissued Common Stock a sufficient number of shares, free from preemptive rights, to provide for the issuance
of Common Stock upon the full conversion of this Note issued pursuant to the Purchase Agreement. The Borrower is required at all
times to have authorized and reserved six times the number of shares that would be issuable upon full conversion of the Note (assuming
that the 4.99% limitation set forth in Section 1.1 is not in effect)(based on the respective Conversion Price of the Note (as defined
in Section 1.2) in effect from time to time, initially 184,482,758 shares)(the “Reserved Amount”). The Reserved Amount
shall be increased (or decreased with the written consent of the Holder) from time to time in accordance with the Borrower’s
obligations hereunder. The Borrower represents that upon issuance, such shares will be duly and validly issued, fully paid and
non-assessable. In addition, if the Borrower shall issue any securities or make any change to its capital structure which would
change the number of shares of Common Stock into which the Notes shall be convertible at the then current Conversion Price, the
Borrower shall at the same time make proper provision so that thereafter there shall be a sufficient number of shares of Common
Stock authorized and reserved, free from preemptive rights, for conversion of the outstanding Note. The Borrower (i) acknowledges
that it has irrevocably instructed its transfer agent to issue certificates for the Common Stock issuable upon conversion of this
Note, and (ii) agrees that its issuance of this Note shall constitute full authority to its officers and agents who are charged
with the duty of executing stock certificates to execute and issue the necessary certificates for shares of Common Stock in accordance
with the terms and conditions of this Note.

 

If, at any time the Borrower does
not maintain the Reserved Amount it will be considered an Event of Default under Section 3.2 of the Note.

 

		1.4	Method of Conversion.

 

(a)               
Mechanics of Conversion. As set forth in Section 1.1 hereof, from time to time, and at any time during the period beginning
on the date which is one hundred eighty (180) days following the date of this Note and ending on the later of: (i) the Maturity
Date and (ii) the date of payment of the Default Amount, this Note may be converted by the Holder in whole or in part at any time
from time to time after the Issue Date, by (A) submitting to the Borrower a Notice of Conversion (by facsimile, e-mail or other
reasonable means of communication dispatched on the Conversion Date prior to 6:00 p.m., New York, New York time) and (B) subject
to Section 1.4(b), surrendering this Note at the principal office of the Borrower (upon payment in full of any amounts owed hereunder).

 

The Holder shall be entitled to
deduct $500.00 from the conversion amount in each Notice of Conversion to cover Holder's deposit fees associated with each Notice
of Conversion. Any additional expenses incurred by Holder with respect to the Borrower's transfer agent, for the issuance of the
Common Stock into which this Note is convertible into, shall immediately and automatically be added to the balance of the Note
at such time as the expenses are incurred by Holder.

 

If at any time the Conversion
Price as determined hereunder for any conversion would be less than the par value of the Common Stock, then at the sole
discretion of the Holder, the Conversion Price hereunder may equal such par value for such conversion and the Conversion
Amount for such conversion may be increased to include Additional Principal, where "Additional Principal" means
such additional amount to be added to the Conversion Amount to the extent necessary to cause the number of conversion shares
issuable upon such conversion to equal the same number of conversion shares as would have been issued had the Conversion
Price not been adjusted by the Holder to the par value price.

 

    3

     

    

 

(b)               
Surrender of Note Upon Conversion. Notwithstanding anything to the contrary set forth herein, upon conversion of this Note
in accordance with the terms hereof, the Holder shall not be required to physically surrender this Note to the Borrower unless
the entire unpaid principal amount of this Note is so converted. The Holder and the Borrower shall maintain records showing the
principal amount so converted and the dates of such conversions or shall use such other method, reasonably satisfactory to the
Holder and the Borrower, so as not to require physical surrender of this Note upon each such conversion.

 

(c)                
Delivery of Common Stock Upon Conversion. Upon receipt by the Borrower from the Holder of a facsimile transmission or e-mail
(or other reasonable means of communication) of a Notice of Conversion meeting the requirements for conversion as provided in this
Section 1.4, the Borrower shall issue and deliver or cause to be issued and delivered to or upon the order of the Holder certificates
for the Common Stock issuable upon such conversion within three (3) business days after such receipt (the “Deadline”)
(and, solely in the case of conversion of the entire unpaid principal amount hereof, surrender of this Note) in accordance with
the terms hereof and the Purchase Agreement. Upon receipt by the Borrower of a Notice of Conversion, the Holder shall be deemed
to be the holder of record of the Common Stock issuable upon such conversion, the outstanding principal amount and the amount of
accrued and unpaid interest on this Note shall be reduced to reflect such conversion, and, unless the Borrower defaults on its
obligations hereunder, all rights with respect to the portion of this Note being so converted shall forthwith terminate except
the right to receive the Common Stock or other securities, cash or other assets, as herein provided, on such conversion. If the
Holder shall have given a Notice of Conversion as provided herein, the Borrower’s obligation to issue and deliver the certificates
for Common Stock shall be absolute and unconditional, irrespective of the absence of any action by the Holder to enforce the same,
any waiver or consent with respect to any provision thereof, the recovery of any judgment against any person or any action to enforce
the same, any failure or delay in the enforcement of any other obligation of the Borrower to the holder of record, or any setoff,
counterclaim, recoupment, limitation or termination, or any breach or alleged breach by the Holder of any obligation to the Borrower,
and irrespective of any other circumstance which might otherwise limit such obligation of the Borrower to the Holder in connection
with such conversion.

 

(d)               
Delivery of Common Stock by Electronic Transfer. In lieu of delivering physical certificates representing the Common Stock
issuable upon conversion, provided the Borrower is participating in the Depository Trust Company (“DTC”) Fast Automated
Securities Transfer (“FAST”) program, upon request of the Holder and its compliance with the provisions set forth herein,
the Borrower shall use its best efforts to cause its transfer agent to electronically transmit the Common Stock issuable upon conversion
to the Holder by crediting the account of Holder’s Prime Broker with DTC through its Deposit Withdrawal Agent Commission
(“DWAC”) system.

 

(e)                Failure
to Deliver Common Stock Prior to Deadline. Without in any way limiting the Holder’s right to pursue other remedies,
including actual damages and/or equitable relief, the parties agree that if delivery of the Common Stock issuable upon
conversion of this Note is not delivered by the Deadline due to action and/or inaction of the Borrower, the Borrower shall
pay to the Holder $2,000 per day in cash, for each day beyond the Deadline that the Borrower fails to deliver such Common
Stock (the “Fail to Deliver Fee”); provided; however that the Fail to Deliver Fee shall not be due if the failure
is a result of a third party (i.e., transfer agent; and not the result of any failure to pay such transfer agent) despite the
best efforts of the Borrower to effect delivery of such Common Stock. Such cash amount shall be paid to Holder by the
fifth day of the month following the month in which it has accrued or, at the option of the Holder (by written notice to the
Borrower by the first day of the month following the month in which it has accrued), shall be added to the principal amount
of this Note, in which event interest shall accrue thereon in accordance with the terms of this Note and such additional
principal amount shall be convertible into Common Stock in accordance with the terms of this Note. The Borrower agrees that
the right to convert is a valuable right to the Holder. The damages resulting from a failure, attempt to frustrate,
interference with such conversion right are difficult if not impossible to qualify. Accordingly, the parties acknowledge that
the liquidated damages provision contained in this Section 1.4(e) are justified.

 

    4

     

    

 

1.5              
Concerning the Shares. The shares of Common Stock issuable upon conversion of this Note may not be sold or transferred unless:
(i) such shares are sold pursuant to an effective registration statement under the Act or (ii) the Borrower or its transfer agent
shall have been furnished with an opinion of counsel (which opinion shall be in form, substance and scope customary for opinions
of counsel in comparable transactions) to the effect that the shares to be sold or transferred may be sold or transferred pursuant
to an exemption from such registration (such as Rule 144 or a successor rule) (“Rule 144”); or (iii) such shares are
transferred to an “affiliate” (as defined in Rule 144) of the Borrower who agrees to sell or otherwise transfer the
shares only in accordance with this Section 1.5 and who is an Accredited Investor (as defined in the Purchase Agreement).

 

Any restrictive
legend on certificates representing shares of Common Stock issuable upon conversion of this Note shall be removed and the Borrower
shall issue to the Holder a new certificate therefore free of any transfer legend if the Borrower or its transfer agent shall have
received an opinion of counsel from Holder’s counsel, in form, substance and scope customary for opinions of counsel in comparable
transactions, to the effect that (i) a public sale or transfer of such Common Stock may be made without registration under the
Act, which opinion shall be accepted by the Company so that the sale or transfer is effected; or (ii) in the case of the Common
Stock issuable upon conversion of this Note, such security is registered for sale by the Holder under an effective registration
statement filed under the Act; or otherwise may be sold pursuant to an exemption from registration. In the event that the Company
does not reasonably accept the opinion of counsel provided by the Holder with respect to the transfer of Securities pursuant to
an exemption from registration (such as Rule 144), at the Deadline, it will be considered an Event of Default pursuant to Section
3.2 of the Note.

 

		1.6	Effect of Certain Events.

 

(a)               
Effect of Merger, Consolidation, Etc. At the option of the Holder, the sale, conveyance or disposition of all or substantially
all of the assets of the Borrower, the effectuation by the Borrower of a transaction or series of related transactions in which
more than 50% of the voting power of the Borrower is disposed of, or the consolidation, merger or other business combination of
the Borrower with or into any other Person (as defined below) or Persons when the Borrower is not the survivor shall be deemed
to be an Event of Default (as defined in Article III) pursuant to which the Borrower shall be required to pay to the Holder upon
the consummation of and as a condition to such transaction an amount equal to the Default Amount (as defined in Article III). “Person”
shall mean any individual, corporation, limited liability company, partnership, association, trust or other entity or organization.

 

(b)                Adjustment
Due to Merger, Consolidation, Etc. If, at any time when this Note is issued and outstanding and prior to conversion of
all of the Note, there shall be any merger, consolidation, exchange of shares, recapitalization, reorganization, or other
similar event, as a result of which shares of Common Stock of the Borrower shall be changed into the same or a
different number of shares of another class or classes of stock or securities of the Borrower or another entity, or in case
of any sale or conveyance of all or substantially all of the assets of the Borrower other than in connection with a plan of
complete liquidation of the Borrower, then the Holder of this Note shall thereafter have the right to receive upon conversion
of this Note, upon the basis and upon the terms and conditions specified herein and in lieu of the shares of Common Stock
immediately theretofore issuable upon conversion, such stock, securities or assets which the Holder would have been entitled
to receive in such transaction had this Note been converted in full immediately prior to such transaction (without regard to
any limitations on conversion set forth herein), and in any such case appropriate provisions shall be made with respect to
the rights and interests of the Holder of this Note to the end that the provisions hereof (including, without limitation,
provisions for adjustment of the Conversion Price and of the number of shares issuable upon conversion of the Note) shall
thereafter be applicable, as nearly as may be practicable in relation to any securities or assets thereafter deliverable upon
the conversion hereof. The Borrower shall not affect any transaction described in this Section 1.6(b) unless (a) it first
gives, to the extent practicable, ten (10) days prior written notice (but in any event at least five (5) days prior written
notice) of the record date of the special meeting of shareholders to approve, or if there is no such record date, the
consummation of, such merger, consolidation, exchange of shares, recapitalization, reorganization or other similar event or
sale of assets (during which time the Holder shall be entitled to convert this Note) and (b) the resulting successor or
acquiring entity (if not the Borrower) assumes by written instrument the obligations of this Note. The above provisions shall
similarly apply to successive consolidations, mergers, sales, transfers or share exchanges.

 

    5

     

    

 

(c)                
Adjustment Due to Distribution. If the Borrower shall declare or make any distribution of its assets (or rights to acquire
its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any
dividend or distribution to the Borrower’s shareholders in cash or shares (or rights to acquire shares) of capital stock
of a subsidiary (i.e., a spin-off)) (a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion
of this Note after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such
assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had
such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to
such Distribution.

 

1.7              
Prepayment. Notwithstanding anything to the contrary contained in this Note, at any time during the periods set forth on
the table immediately following this paragraph (the “Prepayment Periods”) or as otherwise agreed to between the Borrower
and the Holder, the Borrower shall have the right, exercisable on not more than three (3) Trading Days prior written notice to
the Holder of the Note to prepay the outstanding Note (principal and accrued interest), in full, in accordance with this Section
1.7. Any notice of prepayment hereunder (an “Optional Prepayment Notice”) shall be delivered to the Holder of the Note
at its registered addresses and shall state: (1) that the Borrower is exercising its right to prepay the Note, and (2) the date
of prepayment which shall be not more than three

(3) Trading Days from the
date of the Optional Prepayment Notice. On the date fixed for prepayment (the “Optional Prepayment Date”), the Borrower
shall make payment of the Optional Prepayment Amount (as defined below) to Holder, or upon the direction of the Holder as specified
by the Holder in a writing to the Borrower (which shall direction to be sent to Borrower by the Holder at least one (1) business
day prior to the Optional Prepayment Date). If the Borrower exercises its right to prepay the Note, the Borrower shall make payment
to the Holder of an amount in cash equal to the percentage (“Prepayment Percentage”) as set forth in the table immediately
following this paragraph opposite the applicable Prepayment Period, multiplied by the sum of: (w) the then outstanding principal
amount of this Note plus (x) accrued and unpaid interest on the unpaid principal amount of this Note to the Optional Prepayment

 

    6

     

    

 

Date plus (y) Default
Interest, if any, on the amounts referred to in clauses (w) and (x) plus (z) any amounts owed to the Holder pursuant to
Section 1.4 hereof (the “Optional Prepayment Amount”).

 

	Prepayment Period	Prepayment Percentage
	1.       The period beginning on the Issue Date and ending onthe date which is thirty (30) days following the Issue Date.	112%
	2.       The period beginning on the date which is thirty-one(31) days following the Issue Date and ending on the date which issixty (60) days following the Issue Date.	117%
	3.       The period beginning on the date which is sixty-one(61) days following the Issue Date and ending on the date which is ninety (90) days following the Issue Date.	122%
	4.       The period beginning on the date that is ninety-one(91) day from the Issue Date and ending one hundred twenty (120) days following the Issue Date.	127%
	5.       The period beginning on the date that is one hundred twenty-one (121) day from the Issue Date and ending one hundredfifty (150) days following the Issue Date.	132%
	6. The period beginning on the date that is one hundred fifty-one (151) day from the Issue Date and ending one hundred eighty (180) days following the Issue Date.	137%

 

After the expiration of the Prepayment
Periods set forth above, the Holder may submit an Optional Prepayment Notice to the Holder. Upon receipt by the Holder of the Optional
Prepayment Notice post Prepayment Periods, the prepayment shall be subject to the Holder’s and the Borrower’s agreement
with respect to the applicable Prepayment Percentage.

 

Notwithstanding anything contained
herein to the contrary, the Holder’s conversion rights herein shall not be affected in any way until the Note is fully paid
(funds received by the Holder) pursuant to an Optional Prepayment Notice.

 

1.8              
ACH Option. Notwithstanding anything contained herein to the contrary, upon the occurrence of an Event of Default, at the
Investor’s option, in addition to the right to conversion as set forth above and any other rights and remedies as set forth
herein, the Investor, or its affiliate or assignee, may deduct daily ACH payments from the bank account of the Borrower (or any
of its subsidiaries) in the amount of $1,238.09 per day until such time as the Borrower has paid (or the Investor has converted)
an amount equal to the principal balance, interest, accrued interest, Default Amount and any other fees as set forth in the Note.

 

    7

     

    

Article
II. ARTICLE II. CERTAIN COVENANTS

 

2.1
Sale of Assets. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the
Holder’s written consent, sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary
course of business. Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

Article
III.  ARTICLE III. EVENTS OF DEFAULT

If any of the following events of default (each, an “Event
of Default”) shall occur:

3.1              
Failure to Pay Principal and Interest. The Borrower fails to pay the principal hereof or interest thereon when due on this
Note, whether at maturity or upon acceleration and such breach continues for a period of five (5) days after written notice from
the Holder.

 

3.2              
Conversion and the Shares. The Borrower fails to issue shares of Common Stock to the Holder (or announces or threatens in
writing that it will not honor its obligation to do so) upon exercise by the Holder of the conversion rights of the Holder in accordance
with the terms of this Note, fails to transfer or cause its transfer agent to transfer (issue) (electronically or in certificated
form) any certificate for shares of Common Stock issued to the Holder upon conversion of or otherwise pursuant to this Note as
and when required by this Note, the Borrower directs its transfer agent not to transfer or delays, impairs, and/or hinders its
transfer agent in transferring (or issuing) (electronically or in certificated form) any certificate for shares of Common Stock
to be issued to the Holder upon conversion of or otherwise pursuant to this Note as and when required by this Note, or fails to
remove (or directs its transfer agent not to remove or impairs, delays, and/or hinders its transfer agent from removing) any restrictive
legend (or to withdraw any stop transfer instructions in respect thereof) on any certificate for any shares of Common Stock issued
to the Holder upon conversion of or otherwise pursuant to this Note as and when required by this Note (or makes any written announcement,
statement or threat that it does not intend to honor the obligations described in this paragraph) and any such failure shall continue
uncured (or any written announcement, statement or threat not to honor its obligations shall not be rescinded in writing) for three
(3) business days after the Holder shall have delivered a Notice of Conversion. It is an obligation of the Borrower to remain current
in its obligations to its transfer agent. It shall be an event of default of this Note, if a conversion of this Note is delayed,
hindered or frustrated due to a balance owed by the Borrower to its transfer agent. If at the option of the Holder, the Holder
advances any funds to the Borrower’s transfer agent in order to process a conversion, such advanced funds shall be paid by
the Borrower to the Holder within forty-eight (48) hours of a demand from the Holder.

 

3.3              
Breach of Covenants. The Borrower breaches any material covenant or other material term or condition contained in this Note
and any collateral documents including but not limited to the Purchase Agreement and such breach continues for a period of twenty
(20) days after written notice thereof to the Borrower from the Holder.

 

3.4              
Breach of Representations and Warranties. Any representation or warranty of the Borrower made herein or in any agreement,
statement or certificate given in writing pursuant hereto or in connection herewith (including, without limitation, the Purchase
Agreement), shall be false or misleading in any material respect when made and the breach of which has (or with the passage of
time will have) a material adverse effect on the rights of the Holder with respect to this Note or the Purchase Agreement.

 

3.5              
Receiver or Trustee. The Borrower or any subsidiary of the Borrower shall make an assignment for the benefit of creditors,
or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business,
or such a receiver or trustee shall otherwise be appointed.

 

3.6              
Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings, voluntary or involuntary,
for relief under any bankruptcy law or any law for the relief of debtors shall be instituted by or against the Borrower or any
subsidiary of the Borrower.

 

    8

     

    

 

3.7              
Delisting of Common Stock. The Borrower shall fail to maintain the listing of the Common Stock on at least one of the OTC
(which specifically includes the quotation platforms maintained by the OTC Markets Group) or an equivalent replacement exchange,
the Nasdaq National Market, the Nasdaq SmallCap Market, the New York Stock Exchange, or the American Stock Exchange.

 

3.8              
Failure to Comply with the Exchange Act. The Borrower shall fail to comply with the reporting requirements of the Exchange
Act; and/or the Borrower shall cease to be subject to the reporting requirements of the Exchange Act.

 

3.9              
Liquidation. Any dissolution, liquidation, or winding up of Borrower or any substantial portion of its business.

 

3.10          
Cessation of Operations. Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to
pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a
“going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

 

3.11          
Financial Statement Restatement.The restatement of any financial statements filed by the Borrower with the SEC at any
time after 180 days after the Issuance Date for any date or period until this Note is no longer outstanding, if the result of such
restatement would, by comparison to the un-restated financial statement, have constituted a material adverse effect on the rights
of the Holder with respect to this Note or the Purchase Agreement.

 

3.12          
Replacement of Transfer Agent. In the event that the Borrower proposes to replace its transfer agent, the Borrower fails
to provide, prior to the effective date of such replacement, a fully executed Irrevocable Transfer Agent Instructions in a form
as initially delivered pursuant to the Purchase Agreement (including but not limited to the provision to irrevocably reserve shares
of Common Stock in the Reserved Amount) signed by the successor transfer agent to Borrower and the Borrower.

 

3.13          
Cross-Default. Notwithstanding anything to the contrary contained in this Note or the other related or companion documents,
a breach or default by the Borrower of any covenant or other term or condition contained in any of the Other Agreements, after
the passage of all applicable notice and cure or grace periods, shall, at the option of the Holder, be considered a default under
this Note and the Other Agreements, in which event the Holder shall be entitled (but in no event required) to apply all rights
and remedies of the Holder under the terms of this Note and the Other Agreements by reason of a default under said Other Agreement
or hereunder. “Other Agreements” means, collectively, all agreements and instruments between, among or by: (1) the
Borrower, and, or for the benefit of, (2) the Holder and any affiliate of the Holder, including, without limitation, promissory
notes; provided, however, the term “Other Agreements” shall not include the related or companion documents to this
Note. Each of the loan transactions will be cross-defaulted with each other loan transaction and with all other existing and future
debt of Borrower to the Holder.

 

Upon the occurrence and
during the continuation of any Event of Default specified in Section 3.1 (solely with respect to failure to pay the principal
hereof or interest thereon when due at the Maturity Date), the Note shall become immediately due and payable and the Borrower
shall pay to the Holder, in full satisfaction of its obligations hereunder, an amount equal to the Default Sum (as defined
herein). UPON THE OCCURRENCE AND DURING THE CONTINUATION OF ANY EVENT OF DEFAULT SPECIFIED IN SECTION 3.2, THE NOTE SHALL
BECOME IMMEDIATELY DUE AND PAYABLE AND THE BORROWER SHALL PAY TO THE HOLDER, IN FULL SATISFACTION OF ITS OBLIGATIONS
HEREUNDER, AN AMOUNT EQUAL TO: (Y) THE DEFAULT SUM (AS DEFINED HEREIN); MULTIPLIED BY (Z) TWO (2). Upon the occurrence and
during the continuation of any Event of Default specified in Sections 3.1 (solely with respect to failure to pay the
principal hereof or interest thereon when due on this Note upon a Trading Market Prepayment Event pursuant to Section 1.7 or
upon acceleration), 3.3, 3.4, 3.7, 3.8, 3.10, 3.11, 3.12, 3.13, and/or 3.14 exercisable through the delivery of written
notice to the Borrower by such Holders (the “Default Notice”), and upon the occurrence of an Event of Default
specified the remaining sections of Articles III (other than failure to pay the principal hereof or interest thereon at the
Maturity Date specified in Section 3,1 hereof), the Note shall become immediately due and payable and the Borrower shall pay
to the Holder, in full satisfaction of its obligations hereunder, an amount equal to the greater of (i) 150% times the sum
of (w) the then outstanding principal amount of this Note plus (x) accrued and unpaid interest on the unpaid principal
amount of this Note to the date of payment (the “Mandatory Prepayment Date”) plus (y) Default Interest, if
any, on the amounts referred to in clauses (w) and/or (x) plus (z) any amounts owed to the Holder pursuant to Sections
1.3 and 1.4(g) hereof (the then outstanding principal amount of this Note to the date of payment plus the amounts
referred to in clauses (x), (y) and (z) shall collectively be known as the “Default Sum”) or (ii) the
“parity value” of the Default Sum to be prepaid, where parity value means

 

(a) the highest number of shares
of Common Stock issuable upon conversion of or otherwise pursuant to such Default Sum in accordance with Article I, treating the
Trading Day immediately preceding the Mandatory Prepayment Date as the “Conversion Date” for purposes of determining
the lowest applicable Conversion Price, unless the Default Event arises as a result of a breach in respect of a specific Conversion
Date in which case such Conversion Date shall be the Conversion Date), multiplied by (b) the highest Closing Price for the
Common Stock during the period beginning on the date of first occurrence of the Event of Default and ending one day prior to the
Mandatory Prepayment Date (the “Default Amount”) and all other amounts payable hereunder shall immediately become due
and payable, all without demand, presentment or notice, all of which hereby are expressly waived, together with all costs, including,
without limitation, legal fees and expenses, of collection, and the Holder shall be entitled to exercise all other rights and remedies
available at law or in equity.

 

    9

     

    

 

If the Borrower fails to pay
the Default Amount within five (5) business days of written notice that such amount is due and payable, then the Holder shall have
the right at any time, so long as the Borrower remains in default (and so long and to the extent that there are sufficient authorized
shares), to require the Borrower, upon written notice, to immediately issue, in lieu of the Default Amount, the number of shares
of Common Stock of the Borrower equal to the Default Amount divided by the Conversion Price then in effect.

Article
IV. ARTICLE IV. MISCELLANEOUS

 

4.1              
Failure or Indulgence Not Waiver. No failure or delay on the part of the Holder in the exercise of any power, right or privilege
hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude
other or further exercise thereof or of any other right, power or privileges. All rights and remedies existing hereunder are cumulative
to, and not exclusive of, any rights or remedies otherwise available.

 

4.2              
Notices. All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall
be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or
certified, return receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or
(iv) transmitted by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party
shall have specified most recently by written notice. Any notice or other communication required or permitted to be given hereunder
shall be deemed effective (a) upon hand delivery or delivery

by facsimile, with accurate
confirmation generated by the transmitting facsimile machine, at the address or number designated below (if delivered on a business
day during normal business hours where such notice is to be received), or the first business day following such delivery (if delivered
other than on a business day during normal business hours where such notice is to be received) or (b) on the second business day
following the date of mailing by express courier service, fully prepaid, addressed to such address, or upon actual receipt of such
mailing, whichever shall first occur. The addresses for such communications shall be:

 

If to the Borrower, to:

 

BANTEC, INC.

195 Paterson Avenue

Little Falls, NJ 07424

Attn: Michael Bannon, Chief Executive Officer Fax:

Email: mike@bantecinc.com

 If to the Holder:

GENEVA ROTH REMARK HOLDINGS, INC.

111 Great Neck Road, Suite 214 Great Neck, NY
11021

Attn: Curt Kramer, Chief Executive
Officer e-mail: genevarothremark@gmail.com

With a copy by fax only
to (which copy shall not constitute notice): Naidich 

Wurman LLP

111 Great Neck Road, Suite 216 Great Neck, NY
11021

Attn: Allison Naidich facsimile: 516-466-3555

e-mail: allison@nwlaw.com

 

4.3              
Amendments. This Note and any provision hereof may only be amended by an instrument in writing signed by the Borrower and
the Holder. The term “Note” and all reference thereto, as used throughout this instrument, shall mean this instrument
(and the other Notes issued pursuant to the Purchase Agreement) as originally executed, or if later amended or supplemented, then
as so amended or supplemented.

 

4.4              
Assignability. This Note shall be binding upon the Borrower and its successors and assigns, and shall inure to be the benefit
of the Holder and its successors and assigns. Each transferee of this Note must be an “accredited investor” (as defined
in Rule 501(a) of the Securities and Exchange Commission). Notwithstanding anything in this Note to the contrary, this Note may
be pledged as collateral in connection with a bona fide margin account or other lending arrangement; and may be assigned
by the Holder without the consent of the Borrower.

 

4.5              
Cost of Collection. If default is made in the payment of this Note, the Borrower shall pay the Holder hereof costs of collection,
including reasonable attorneys’ fees.

 

    10

     

    

 

4.6              
Governing Law. This Note shall be governed by and construed in accordance with the laws of the State of New York without
regard to principles of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated
by this Note shall be brought only in the state courts of New York or in the federal courts located in the state and county of
Nassau. The parties to this Note hereby irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder
and shall not assert any defense based on lack of jurisdiction or venue or based upon forum non conveniens. The Borrower
and Holder waive trial by jury. The prevailing party shall be entitled to recover from the other party its reasonable attorney's
fees and costs. In the event that any provision of this Note or any other agreement delivered in connection herewith is invalid
or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that
it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision which may
prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision of any agreement.
Each party hereby irrevocably waives personal service of process and consents to process being served in any suit, action or proceeding
in connection with this Note, any agreement or any other document delivered in connection with this Note by mailing a copy thereof
via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices
to it under this Note and agrees that such service shall constitute good and sufficient service of process and notice thereof.
Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by law.

 

4.7              
Purchase Agreement. By its acceptance of this Note, each party agrees to be bound by the applicable terms of the Purchase
Agreement.

 

4.8              
Remedies. The Borrower acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the
Holder, by vitiating the intent and purpose of the transaction contemplated hereby. Accordingly, the Borrower acknowledges that
the remedy at law for a breach of its obligations under this Note will be inadequate and agrees, in the event of a breach or threatened
breach by the Borrower of the provisions of this Note, that the Holder shall be entitled, in addition to all other available remedies
at law or in equity, and in addition to the penalties assessable herein, to an injunction or injunctions restraining, preventing
or curing any breach of this Note and to enforce specifically the terms and provisions thereof, without the necessity of showing
economic loss and without any bond or other security being required.

 

IN WITNESS WHEREOF, Borrower has
caused this Note to be signed in its name by its duly authorized officer this on November 2, 2020

 

	BANTEC, INC.	 
	 	 	 
	By:	/s/	 
	 	Michael Bannon	 
	 	Chief Executive Office	 

 

    11

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