Document:

Exhibit 4.2

 

THIS NOTE HAS NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAW, AND IT MAY NOT BE SOLD OR OTHERWISE TRANSFERRED IN THE
ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER SAID ACT OR STATE LAW OR AN EXEMPTION FROM SUCH REGISTRATION REQUIREMENTS;
AND THE COMPANY MAY REQUIRE AN OPINION OF COUNSEL AS TO THE AVAILABILITY OF SUCH EXEMPTION.

 

	$3,000,000.00	
        Longwood, Florida

        Date: February 1, 2017

 

ID
Global Solutions Corporation

 

UNSECURED PROMISSORY NOTE DUE JANUARY
31, 2019

  

FOR VALUE RECEIVED,
ID GLOBAL SOLUTIONS CORPORATION, a Delaware corporation (the “Company”), hereby promises to pay to the order of THEODORE
STERN, TRUSTEE, THEODORE STERN REVOCABLE TRUST or any subsequent holder of this Note (“Holder”) the principal amount
of THREE MILLION dollars ($3,000,000) on January 31, 2019 (“Maturity Date”) or earlier as hereinafter provided. Interest
on the outstanding principal balance will be paid at maturity at the rate of ten percent (10%) per annum compounded annually. Interest
will be computed on the basis of a 360-day year, using the number of days actually elapsed. The Company will notify Holder in writing
of its intent to pay any interest in cash at least three (3) business days prior to such payment date (the “Payment Date”).
Holder, until one (1) day prior to the Payment Date, by written notice may require the Company convert such interest into shares
of common stock of the Company, $0.0001 par value per share (the “Common Stock”), by dividing the amount of interest
to be paid by $0.20 per share (the “Interest Shares”). The Company will deliver a certificate representing the Interest
Shares to Holder within ten (10) business days of Holder’s election to convert such interest into shares of Common Stock.

 

ARTICLE 1.

Events of Default and Acceleration

 

(a)  Events
of Default Defined. The entire unpaid principal amount of this Note and all accrued but unpaid interest will become and be
due and payable if any one or more the following events (“Events of Default”) occurs (for any reason whatsoever and
whether such event is voluntary or involuntary, by operation of law, entry of a judgment, decree, or order of any court, or by
any order, rule or regulation of any administrative or governmental body):

 

(i)          The
Company fails to pay the Holder any amount due on this Note when and as the same becomes due and such failure continues for a period
of five (5) days after such payment is due;

 

(ii)         The
Company consents to the appointment of a receiver, trustee, or liquidator of itself or of a substantial part of its property;

 

(iii)        The
Company admits in writing its inability generally to pay its debts as they become due;

 

     

     

    

 

(iv)        The
Company makes a general assignment for the benefit of creditors;

 

(v)         The
Company files a voluntary petition in bankruptcy, an answer seeking reorganization in a proceeding under any bankruptcy law (as
now or hereafter in effect), or an answer admitting the material allegations of a petition filed against the Company in any such
proceeding;

 

(vi)        The
Company, by voluntary petition, answer, or consent, seeks relief under the provisions of any other now existing or future bankruptcy
or other similar law providing for the reorganization or winding up of corporations, or an arrangement, composition, extension
or adjustment with its creditors;

 

(vii)       The
Company, in a petition in bankruptcy filed against it, is adjudicated a bankrupt;

 

(viii)      The
Company, its directors, or a majority of its stockholders vote to dissolve or liquidate the Company;

 

(ix)         An
involuntary petition seeking relief against the Company under any now existing or future bankruptcy, insolvency, or other similar
law providing for the reorganization or winding up of corporations, or an arrangement, composition, extension or adjustment with
its or their creditors is filed against the Company and such petition is not stayed, vacated, or set aside within ninety (90) days
from the filing thereof;

 

(x)          A
court of competent jurisdiction enters an order, judgment, or decree appointing a receiver, trustee, or liquidator of the Company
or of all or any substantial part of the property of the Company; approving a petition seeking a reorganization or winding up of
the Company under the Federal bankruptcy laws or any other law or statute of the United States of America or any State thereof;
or sequestering any substantial part of the property of the Company; and such order, judgment or decree is not stayed, vacated,
or set aside within ninety (90) days from the date of the entry thereof;

 

(xi)         Except
with the written consent of Holder, Philip Beck ceases for any reason to be the Chairman and Chief Executive Officer of the Company;
or

 

(xii)        The
Company incurs guarantees, assumes, or suffers to exist any indebtedness other than that
permitted by Article 2(b), below.

 

(b)  Rights
of the Holder. Nothing in this Note will be construed to modify, amend, or limit in any way the right of the Holder to bring
an action against the Company.

 

(c)  Holder’s
Expenses. Upon the occurrence of an Event of Default, the Company will promptly reimburse Holder for the payment of all reasonable
expenses, including but not limited to attorneys’ fees, incurred by Holder in connection with the enforcement of its rights
under this Note. In the absence of prompt reimbursement, all such amounts will be added to the unpaid principal on the Note.

 

    	 	2	 

     

    

 

ARTICLE 2.

Miscellaneous

 

(a)  Prepayments
and Partial Payments; Mandatory Prepayment. The Company may prepay this Note in whole or in part at anytime; provided, that
any partial payment of principal must be accompanied by payment of all accrued interest to the date of prepayment. The Company
is required to prepay all outstanding principal and accrued but unpaid interest on this Note upon the Company (including any of
its subsidiaries) closing on financing that, individually or collectively, generates gross proceeds equal to or in excess of $15,000,000.

 

(b)  Other Indebtedness.
Unless the Holder gives prior written consent, the Company will not, and will not permit any of its Subsidiaries to, directly or
indirectly, incur or guarantee, assume or suffer to exist any indebtedness other than (i) the indebtedness evidenced by this Note,
(ii) indebtedness incurred in the ordinary course of business that does not in the aggregate exceed $100,000, (iii) trade payables
incurred in the ordinary course of business, or (iv) the indebtedness outstanding as of the date hereof.

 

(c)  Transferability.
This Note may be transferred only by a transaction exempt from registration pursuant to the 1933 Act and applicable state securities
law. The Holder will promptly provide its name and address to the Company.

 

(d)  WAIVER
OF TRIAL BY JURY. IN ANY LEGAL PROCEEDING TO ENFORCE PAYMENT OF THIS NOTE, THE COMPANY WAIVES TRIAL BY JURY.

 

(e)  Usury
Saving Provision. The Company will not be obligated or required at any time to pay interest at a rate that would subject Holder
to either civil or criminal liability as a result of the interest rate being in excess of an applicable legal maximum. If, by the
terms of this Note, the Company is at any time required or obligated to pay interest at a rate in excess of such maximum, the applicable
rate of interest will be deemed to be adjusted to the maximum level permissible under such applicable law, and, if prior payments
of interest have exceeded the legal maximum, that portion of prior interest payments in excess of such maximum will be deemed applied
as payments in reduction of principal.

 

(f)  Notices.
Notice will be given by hand delivery, certified or registered mail (with return receipt requested), overnight courier service
that provides evidence of delivery, or by telecopier if confirmation of receipt is given or if confirmation of transmission is
sent as herein provided. Notice to the Company will be given to the Company at its principal executive offices, presently located
at 160 East Lake Brantley Drive, Longwood, FL 32779, telecopier (407) 951-8634, attention of CEO, or to such other address or person
as the Company may, from time to time, advise Holder in writing. Notice to Holder will be given to Theodore Stern at One PPG Place,
Suite 2970, Pittsburgh, PA 15222-5419, telecopier (412-904-1981) with copy by email to Jonathan Stern at jon@BomoseenAM.com
or to such other address or person as Holder may, from time to time, advise the Company in writing.

 

(g)  Governing
Law. This Note will be governed by the laws of the Commonwealth of Pennsylvania applicable to agreements executed and to be
performed wholly within such Commonwealth.

 

    	 	3	 

     

    

 

(h)  Venue.
The courts in Allegheny County, Pennsylvania, state or federal, as appropriate, will have exclusive jurisdiction over any dispute
between the Company and Holder arising out of this Note, and the Company irrevocably consents to such jurisdiction. The Company
(i) further agrees that any process in any such action may be served upon it, in addition to any other method of service permitted
by law, by certified or registered mail, return receipt requested, or by an overnight courier service that obtains evidence of
delivery, with the same force and effect as if personally served and (ii) waives any claim that the venue of any such court is
not a convenient forum for any such action or that such court lacks in personam jurisdiction over the Company.

 

(i)  Expenses.
In the event Holder commences a legal proceeding to enforce its rights under this Note, the Company will pay all reasonable fees
and expenses incurred by the Holder with respect thereto (including but not limited to attorneys’ fees) if Holder substantially
prevails in such action.

 

IN WITNESS WHEREOF,
the Company has executed this Note as of the date and year first aforesaid.

 

	 	ID GLOBAL SOLUTIONS CORPORATION
	 	 
	 	By: /s/ Philip D. Beck
	 	Name: Philip D. Beck
	 	Title: Chief Executive Officer

 

    	 	4Exhibit 4.3

 

ID GLOBAL SOLUTIONS CORPORATION

STOCK OPTION AGREEMENT

 

 

This
Stock Option Agreement ("Agreement") is made and entered into as of the date set forth below, by and
between ID GLOBAL SOLUTIONS CORPORATION, a Delaware corporation (the "Company"), and the following employee of
the Company (herein, the "Optionee"):

 

In consideration of the covenants herein
set forth, the parties hereto agree as follows:

 

1.   Option
Information.

	 	(a)	Date of Option:	January 31, 2017
	 	(b)	Optionee:	Philip D. Beck
	 	(c)	Number of Shares:	15,000,000
	 	(d)	Exercise Price:	$0.10 per share

  

2.   Acknowledgements.

(a) Optionee
is an employee and executive officer of the Company;

 

(b) The Board
of Directors (the “Board”) has authorized the granting to Optionee of a stock option ("Option")
to purchase shares of common stock having a par value of $0.0001 per share of the Company ("Stock") upon the terms
and conditions hereinafter stated and pursuant to an exemption from registration under the Securities Act of 1933, as amended (the
"Securities Act") provided by Rule 701 and Section 4(a)(2) thereunder.

 

(c) Concurrent
with the issuance of this Option, the Company is engaging in a private placement of its shares of common stock with third party
investors under Regulation D Rule 506 as promulgated under the Securities Act of 1933, as amended, whereby the Company issued shares
of common stock at a per share purchase price of $0.10 per share.

 

3.   Shares;
Price. The Company hereby grants to Optionee the right to purchase, upon and subject to the terms and conditions herein stated,
the number of shares of Stock set forth in Section 1(c) above (the "Shares") for cash, or pursuant to a Cashless
Exercise (as defined below) at the price per Share set forth in Section 1(d) above (the "Exercise Price").

 

4.   Term
of Option. This Option shall expire, and all rights hereunder to purchase the Shares, shall terminate ten (10) years from the
date hereof. Vesting under this Option shall earlier terminate pursuant to Sections 7 and 8 hereof upon, and as of the date of,
the termination of Optionee's employment if such termination occurs prior to the end of such ten (10) year period, subject to the
terms of any retention or other employment agreement, which may have been or may be entered into by the Company with the Optionee,
which shall prevail in the event of any conflict with the provisions of this Agreement. Nothing contained herein shall confer upon
Optionee the right to the continuation of his or her employment by or office with the Company or to interfere with the right of
the Company to terminate such employment or to increase or decrease the compensation of Optionee from the rate in existence at
the date hereof.

 

     

     

    

 

5.   Vesting
of Option. Subject to the provisions of Sections 7 and 8 hereof, this Option shall vest with respect to (i) one-third of the
Shares upon the one year anniversary of the date hereof and (ii) in 24 equal tranches commencing on the one-year anniversary of
the date hereof.

 

6.   Exercise.
This Option may be exercised during the Term of this Option by delivery to the Company of (a) written notice of exercise stating
the number of Shares being purchased (in whole shares only) and such other information set forth on the form of Notice of Exercise
attached hereto as Appendix A, (b) a check or cash in the amount of the Exercise Price of the Shares covered by the notice
(or such other consideration as has been approved by the Board of Directors) and (c) a written investment representation as provided
for in Section 13 hereof. Notwithstanding anything to the contrary contained in this Option, this Option may be exercised by presentation
and surrender of this Option to the Company at its principal executive offices with a written notice of the holder’s intention
to effect a cashless exercise, including a calculation of the number of shares of Common Stock to be issued upon such exercise
in accordance with the terms hereof (a “Cashless Exercise”). In the event of a Cashless Exercise, in lieu of paying
the Exercise Price in cash, the holder shall surrender this Option for that number of shares of Common Stock determined by multiplying
the number of Shares to which it would otherwise be entitled by a fraction, the numerator of which shall be the difference between
the then current Market Price per share of the Common Stock and the Exercise Price, and the denominator of which shall be the then
current Market Price per share of Common Stock. Market Price is defined as the average closing price on the principal trading market
for the Common Stock during the thirty (30) trading days immediately preceding the exercise date. This Option shall not be assignable
or transferable, except by will or by the laws of descent and distribution.

 

7.   Termination
of Employment. If Optionee shall cease to be employed by the Company for any reason, whether voluntarily or involuntarily,
other than by his or her death, (a) vesting of the Shares pursuant to Section 5 shall immediately cease; and (b) Optionee (or if
the Optionee shall die after such termination, but prior to such exercise date, Optionee's personal representative or the person
entitled to succeed to the Option) shall have the right at any time within three (3) months following such termination of employment
or the remaining term of this Option, whichever is the lesser, to exercise in whole or in part this Option to the extent, but only
to the extent, that this Option was exercisable as of the date of termination of employment and had not previously been exercised;
provided, however: if Optionee is permanently disabled (within the meaning of Section 22(e)(3) of the Code) at the time of termination,
the foregoing three (3) month period shall be extended to six (6) months;

 

    	 	2	 

     

    

 

8.   Death
of Optionee. If the Optionee shall die while in the employ of the Company, (a) vesting of the Shares pursuant to Section 5
shall immediately cease; and (b) Optionee's personal representative or the person entitled to Optionee's rights hereunder may at
any time within six (6) months after the date of Optionee's death, or during the remaining term of this Option, whichever is the
lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this
Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent that
this Option has not previously been exercised by Optionee.

 

9.   No
Rights as Shareholder. Optionee shall have no rights as a shareholder with respect to the Shares covered by any installment
of this Option until the effective date of the issuance of shares following exercise of this to Option, and no adjustment will
be made for dividends or other rights for which the record date is prior to the date such stock certificate or certificates are
issued except as provided in Section 10 hereof.

 

10.   Recapitalization.
Subject to any required action by the shareholders of the Company, the number of Shares covered by this Option, and the Exercise
Price thereof, shall be proportionately adjusted for any increase or decrease in the number of issued shares resulting from a subdivision
or consolidation of shares or the payment of a stock dividend.

 

11.   Taxation
upon Exercise of Option.

 

		(a)	Optionee understands that, upon exercise of this Option, Optionee will become liable for Federal,
state, local or foreign income taxes, based on the amount by which the fair market value of the Shares, determined as of the date
of exercise, exceeds the Exercise Price.

 

		(b)	If the Company, in its discretion, determines that it is obligated to withhold any taxes in connection
with the exercise of the Option, the Optionee must make arrangements satisfactory to the Company to pay or provide for any applicable
federal, state, local or foreign withholding obligations of the Company. The Optionee may satisfy any federal, state, local or
foreign tax withholding obligation relating to the exercise of the Option by any of the means set forth in Section 6, or the Company
has the right to withhold Taxes from any compensation payable to Optionee.

 

		(c)	Notwithstanding any action the Company takes with respect to any or all taxes, the ultimate liability
for all taxes is and remains the Optionee's responsibility and the Company (a) makes no representation or undertakings regarding
the calculation or treatment of any taxes in connection with the grant, vesting, or exercise of the Option or the subsequent sale
of any Shares acquired on exercise; and (b) does not commit to structure the Option to reduce or eliminate the Optionee's liability
for any taxes.

 

    	 	3	 

     

    

 

12.   Modification,
Extension and Renewal of Options. The Board may modify, extend or renew this Option or accept the surrender thereof (to the
extent not theretofore exercised) and authorize the granting of a new option in substitution therefore (to the extent not theretofore
exercised). Notwithstanding the foregoing provisions of this Section 12, no modification shall, without the consent of the Optionee,
alter to the Optionee's detriment or impair any rights of Optionee hereunder.

 

13.   Investment
Intent; Restrictions on Transfer.

 

(a) Optionee
represents and agrees that if Optionee exercises this Option in whole or in part, Optionee will in each case acquire the Shares
upon such exercise for the purpose of investment and not with a view to, or for resale in connection with, any distribution thereof;
and that upon such exercise of this Option in whole or in part, Optionee shall furnish to the Company a written statement to such
effect, satisfactory to the Company in form and substance. If the Shares represented by this Option are registered under the Securities
Act, either before or after the exercise of this Option in whole or in part, the Optionee shall be relieved of the foregoing investment
representation and agreement and shall not be required to furnish the Company with the foregoing written statement.

 

(b) Optionee
further represents that Optionee has had access to the financial statements or books and records of the Company, has had the opportunity
to ask questions of the Company concerning its business, operations and financial condition, and to obtain additional information
reasonably necessary to verify the accuracy of such information.

 

(c) Unless
and until the Shares represented by this Option are registered under the Securities Act, all certificates representing the Shares
and any certificates subsequently issued in substitution therefor and any certificate for any securities issued pursuant to any
stock split, share reclassification, stock dividend or other similar capital event shall bear legends in substantially the following
form:

 

THESE SECURITIES HAVE NOT BEEN
REGISTERED OR OTHERWISE QUALIFIED UNDER THE SECURITIES ACT OF 1933 (THE 'SECURITIES ACT') OR UNDER THE APPLICABLE OR SECURITIES
LAWS OF ANY STATE. NEITHER THESE SECURITIES NOR ANY INTEREST THEREIN MAY BE SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF
IN THE ABSENCE OF REGISTRATION UNDER THE SECURITIES ACT OR ANY APPLICABLE SECURITIES LAWS OF ANY STATE, UNLESS PURSUANT TO EXEMPTIONS
THEREFROM.

 

and/or such other legend or legends
as the Company and its counsel deem necessary or appropriate. Appropriate stop transfer instructions with respect to the Shares
have been or may be placed with the Company's transfer agent.

 

    	 	4	 

     

    

 

14.   Notices.
Any notice required to be given pursuant to this Option shall be in writing and shall be deemed to be delivered upon receipt or,
in the case of notices by the Company, five (5) days after deposit in the U.S. mail, postage prepaid, addressed to Optionee at
the address last provided by Optionee for use in Company records related to Optionee.

 

15.   This
Option has been granted, executed and delivered in the State of New York, and the interpretation and enforcement shall be governed
by the laws thereof and subject to the exclusive jurisdiction of the courts therein.

 

In
Witness Whereof, the parties hereto have executed this Option as of the date first above written.

 

	COMPANY:	ID GLOBAL SOLUTIONS CORPORATION,
	 	a Delaware corporation
	 	 	 
	 	By:	/s/ Stuart Stoller
	 	Name:	Stuart Stoller
	 	Title:	CFO
	 	 
	OPTIONEE:	PHILIP D. BECK
	 	 
	 	/s/Philip D. Beck

 

    	 	5	 

     

    

 

Appendix A

 

NOTICE OF EXERCISE

 

ID GLOBAL SOLUTIONS CORPORATION

_________________

_________________

_________________

 

Re: Stock Option

 

1)          Notice is hereby
given pursuant to Section 6 of my Stock Option Agreement that I elect to purchase the number of shares set forth below at the exercise
price set forth in my option agreement:

 

Stock Option Agreement
dated: ______________

 

Number of shares being
purchased: ____________

 

Exercise Price: $____________

 

A check in the amount
of the aggregate price of the shares being purchased is attached.

 

OR

 

2)          I elect a cashless
exercise pursuant to Section 6 of my Stock Option Agreement. The Market Price as of _______ was $_______.

 

I hereby confirm that
such shares are being acquired by me for my own account for investment purposes, and not with a view to, or for resale in connection
with, any distribution thereof. I will not sell or dispose of my Shares in violation of the Securities Act of 1933, as amended,
or any applicable federal or state securities laws.

 

I understand that the
certificate representing the Option Shares will bear a restrictive legend within the contemplation of the Securities Act and as
required by such other state or federal law or regulation applicable to the issuance or delivery of the Option Shares.

 

	 	By:	 	 
	 	 	(signature)	 
	 	Name:	 	 

 

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